AMC
Do or Die AMCAMC was finally able to break out of heavy resistance 20 days ago and continue to hold that as support.
Last week it finally turned support back into potential resistance.
The downside to 29 is looking on the higher side of probability while there is still a small chance that it could break 2 levels of resistance and we could be looking at the 60.00 target again.
Signal will be a break to either side. As you can see now though... we are currently breaking down.
Happy trading!
AMC BROAD CORRECTION WAVETHEORY?I applied the 5 elliot wave theory to the entire trend, we may not see the biggest upside, but it is still regardless easily 150% gains from our current price as per this analysis.
I would be selling at 90$ in order to buy back the dip for the third light blue elliot wave up. The prices strongly correspond to past Fib ratios and thus will be using these for future analyses .
This is not financial advice and do give a follow for future updates.
Reverse Repos - ATH - KarmaGeddeon Bid Expands to $1.35 TrillionNon-Financial rated Debt, Corporate Debt will begin to roll over as GDP Forecasts,
although no longer provided... does not matter, the Global Economy is once again
on the Steep Decline.
Supply Chain Issues compound monthly, with no end in sight.
The answer is, Buy STONKS, they are the New, New, New, and Improved Liquidity Economy.
Stocks are the Economy for most Americans. GDP is resolved with Gains in Zombie Companies
buying Trillions of their own shares.
1.6 Million Options were swapped for Tesla Friday, 52% Calls.
The Gamma Squeeze for protected entities is in trade.
Yeah, Naw, we'll pass for now, wait for the Pullback into the Final Stage of this Historic
Bull Market.
Commodities are pitching a large Bis as the Safety Trade is back in force.
There will be a final Blow Off Higher into 2022 as Debt Markets join the idiocy until
it all simply implodes.
2022 is going to be a very difficult year for most.
Perpetual Bonds are assured, the reset there will require a degree of patience while the
"Distribution Phase" requires time.
Insider selling remains robust, Retails are going All-in on the YOLO.
Meme's will begin to roll over and collapse into the next Sell, which is ahead.
We will see how long they can continue this Distribution .
Margin Debt remains elevated at Highs.
INever forget Crammer issuing Buys in March of the DotCom peak for the most bloated
overvalued JUNK Stocks which promptly collapsed from $600 to $0.
2022... one for the Books after 5/5 completes.
Wow...just wow!NYSE:AMCAn absolutely spectacular flag forming on AMC. This one is going to explode and the boom is not too far away. Very confident on bullish gains on this active stock.
Remember, this is not financial advice. You must do your own research and carefully make decisions for yourself by yourself. We love TA and do not provide individually tailored financial advice, or financial advice period.
Now that aside, Fibonacci in crystal clear green and invalidation noted, as always, in red. Good luck out there.
$AMC Battle of 40.01After a down and up week $AMC is still within this Elliot Correction Wave I charted over a week ago.
Despite the overall rough week, I still believe she’s heading in the right direction.
Clearly 35-40 is a strong support level, so IMO, next week should be a strong week and hopefully the impulse we need is there
AMC trade IdeaAMC is currently below 144 WMA and under selling pressure but it's not looking that bad, while you apply it to daily TF it's holding firm above 144 WMA, currently, AMC needs to break above $40.86 to get out of the current consolidation and then next it will face resistance at near $42.85. Get this indicator by visiting my profile under the Scripts section.
AMC - Alert - bottom is inAMC looking like it is putting in a near-term bottom here.
*CM * "Bottom Indicator" has been flashing for the last 3 trading days. Given the bullish pennant, strong trendline, oversold Stoch/RSI status, chart harmonics and other indicators it is looking more and more like AMC will hold and turn back up from these levels soon.
Not financial advice.