AMC clean breakWell it happened. Clean break below the bull pennant on increased volume and found support in the $33 area. This was also due to the market selling off so take all of this how you will.
Amcentertainment
WEN BREAKOUT?I see 2 scenarios. Either we break out the next time we test the bear trendline or we will a break at the end of the pennant. The end is at 31st. I personally see the first scenario becuase of the long term bullish trendline from 2020 november.
Bad news AMCWe broke through the lower trend line and are headed into a major support area on low volume. If we break below that red line I would be looking for an exit strategy. Hopefully it holds and we get a nice bounce for the rest of the week.
AMC still holdingStarting the week of down 1% but still trading within our wedge. This is the buy zone people!
AMC bull pennant still in playAll things considered, we didn't do to bad today. Next week will be crucial with how things play out with this new covid variant. But the good news is major support levels held and we closed within the pennant. If you see a defined break below these levels, I would be looking for an exit strategy. If it holds, well...hodl.
Something's brewing with AMCLook at the recent levels of volume. It's the lowest its had in a long period of time. Especially today's volume. Keep in mind that short weeks and around the holidays volume drops with people traveling. I'm loading more in this area. Break out is still in play
POTENTIEL AMC BREAKOUT TODAY?I'm not trying to hype AMC stock but the chart setup looks too good to ignore. GME is looking so strong so I honestly don't see anything but upside for AMC. Check out the price action every time we are in the yellow line. Tuesday may be the breakout day.
AMC LongUpdating some soft and hard resistance/support lines
Red: Major support/resistance
Orange: Moderate
Green: Soft support/resistance
If you go to the 5m chart you'll see the stock trade pretty easily in and out of the green support/resistance lines. Seems to still be consolidating for a major breakout, I'm predicting to ATH.
WATCH AMC FOR THE END OF THE MONTHAMC is ready to erupt. If you look at the 2 last run ups it was at the end of the month.
AMC weekly chart is supper bullish $3650AMC weekly chart is supper bullish $3650 is to be expected long term
AMC WAITING FOR THAT 47.50 breakThe last run up we had a big resistance at 14.50. This time its at 47.50. We could break the resistance soon but it is not bad to consolidate under the resistance.
Iceberg Research AMC FilingI put the RICH in Richie… well actually my parents do. Open short on $AMC at 34 bucks. I get my financial advice from @IcebergResearch.
Not Financial Advice.
AMC is ready to blast soon.... Are you ready for bull run?I am a technical trader I trade patterns and let's talk about what patterns are telling us now it is more likely it is setting p as an rocket to fly.
The APEs are ready to jump in the jungle Keep your trade easy - simple & safe
Good entry : current price - & above 44$
Target price 52$ - 72$ - 100$+
SL 36$
If you enter at 40$ and it goes down to 36$ then you lose 10% but if it goes to 52$ You win 30% - & if it goes to 72$ you win 80$ ….
You think about it , does it worth a try?
Trade safe
BULLISH ON AMC AS USUALSame cycle to different periods. Watch out for next week. In may we did not have a good reaction to earnings the same happened here. NO COINCIDENCE
AMC short-term Trade Before it Dies!AMC will hit $52 before hitting the dumpster and reaching it's all time low this year of around $2!
AMC They Disabled Buying, We Disabled Selling. I have been here for nearly 6 months and have checked the chart daily if not hourly every day since. I've added lines, removed lines, tweaked lines. I feel fairly confident I found THEE lines. The weekly chart nearly speaks for itself. I cannot stress enough how massive this full pennant (Dorito chip) is. You usually see bull pennants like this play out over the course of a few hours/days/weeks. This has been flagging for a whole year and it is so tight and the volume is lower than we have seen all year. We shall see. I am long 50/50 this and GME. I hodl for all.
