AMC
AMC Looking Bullish AGAIN ( analysis prediction)If you have been following AMC , you know this is not a fundamental play.
My analysis is based on few factors.
I first placed a fib chart to help display the key levels we should be looking at. The bounce off the $36 support is clear confirmation AMC has begun to turn back around after the previous pullback.
At $38 we see the candle wick form a new resistance.
Also the RSI levels continue to show strong bullish momentum. This is a good sign if the volume can hold for the bulls. My price prediction for the next couple of weeks is $40-$45 range.
I would wait for options until price can hold new levels. Shares are much safe to hold even at $38 still a great entry point.
$GME: "Weaponized Commodity Markets" Could Mean Another SqueezeAs crude oil sits in a very vulnerable position, Putin has come out declaring it could head to $100 and while China contemplates the scale of a potential Evergrande bailout, there's a serious potential risk here that the inflation trade will continue thus leading to another squeeze out of GME which has been an efficient barometer for inflation since it's grand squeeze in January. However, it isn't just the movement of liquidity that could benefit the prospects of GME. If sky-high gas prices are here to stay, another stay-at-home windfall could push GME back into the 200 pivot or even beyond as reopening vacation plans get shelved.
AMC's tripple Pennant, and Algo ControlNot Financial Advice.
Been charting a while, first time I've seen such blatant symmetry on OBF.... not sure if it's intentional, a bull trap, or a projection of what is to come but AMC looks like she could squeeze higher based on the symmetry shown on the OBF. Timing should be within the next two weeks.
As someone who charts regularly, this does not appear to be completely natural price action, a derivative flow of sorts. Flow does not naturally reproduce two pennants of identical shape and structure, and certainly not a third. And while the wave length within the pennant is of a different length, the symmetry shows the hallmark of something potentially algo controlled. Basically a transposing of the original squeeze at higher and higher Px levels as a method to extend the squeeze across a long time frame. Need to see it jump into the third range, and OBF to fly on a squeeze cover for this to be fully confirmed.
$PBTS squeeze inbound$PBTS squeeze inbound again, short interest stacked up and volumes on the bids + crypto
Up and Chinese stocks :)
so whats up with AMC?i hope to see an impulse short lived rally up soon in AMC to near 46$.
once done we will be able to see some signs of strength on the stock, then likely to be met with a minor dip to the 36s or 41s. hard to say. which will trigger shorts to cover in this dangerous market.
Margin debt is at ATH and is even worse for heavily naked shorted stocks like AMC. We could be witnessing a GME like squeeze here and its hard to say what price this will go to.
When institutions cover it will be a massive squeeze.
I am also expecting a double top when the squeeze happens, as institutions MAY hold after its rally and buy back up all their short positions at cheaper prices resulting in a second rally after the squeeze. This will depend on their collateral, if we see a market wide crash during this we can see AMC hit record breaking levels, as institutions would be margin called.
This is a very volatile stock and am not a financial advisor.
FTDs remain in the hundreds of millions
TP AMC 1 = 200$
TP AMC 2 (FTD covered) = 400$
TP AMC 3 (FTD covered, Naked shorts covered, worldwide margin call ) = 1000$ (MOASS)
AMC Squeeze Imminent??AMC cup and handle pattern still in play. Let me know what you guys think of this in the comments. The blue channel is heavy support and resistance. If we break the blue channel to the downside NEXT WEEK, chances are AMC will be bearish for a good deal of time. Best of luck apes. IM HODL
LOG SCALE
Yellow line is IPO resistance.
Also note- This friday was the lowest volume since may 05!! GME had the lowest volume in about 2 years. LFG APES
The critical price range for AMC
We have 39.30 and 34.40 at the lower trading zone and 44.20 and 39.30 at the next zone up.
AMC gapped down from 44.20, fell to around 34.40 and currently has 39.30 as a major resistance point. AMC is now trading in 39.30 and 34.40 trading zone.
It will need to hold above 39.30 to continue back up and fill the price gap at 44.20