Here are my lines on the AMC chartSo there are a few trend lines that I've been tracking that date as far back as the June 2021 run up (Purple).
We are currently surfing along the top of this Purple trend line and, with the help of some kind of catalyst (earnings is right at the closing point of the trend line) and some high volume, I think we are ready to fly.
The Orange and Green trend lines will likely be resistances on the way up, not sure exactly how strong as AMC is known for busting through resistances on the 4th touch.
The Blue trend line hasn't been tested as often so I can see somewhat of a pullback once it touches it, but ultimately I think AMC is at least a 10$ stock, so earnings should help it get at or above that level.
This has been your BroStock Science of the day. Time will tell.
Amcentertainment
AMC | It's Coming!!! | LONGAMC Entertainment Holdings, Inc., through its subsidiaries, engages in the theatrical exhibition business. The company owns, operates, or has interests in theatres in the United States and Europe. AMC Entertainment Holdings, Inc. was founded in 1920 and is headquartered in Leawood, Kansas.
✨ NEW: EQUITY POSITION ✨ AMC (1D) ✨ TP3 @ 7.61 (closing ALL BuyTP3 @ 7.61 (closing ALL Buy Orders)
TP2 @ 7.00 (shaving 25% or closing)
TP1 @ 6.33 (shaving 25% or closing)
BLO1 @ 5.55 ⏳
BLO2 @ 4.10 ⏳
ADDITIONAL INFO:
00:00 Shout out to @Casey_Louis 🙌
00:50 Curve Analysis
01:47 Buy Orders
02:56 Key Take Profit Levels
03:27 Gaps, Resistance, and ISR
05:52 Fundamental Analysis
00:00 Boost, Follow, Comment, Join
FUNDAMENTAL ANALYSIS
Soon, AMC Entertainment expects to report a loss per share of 17 cents. This loss, of course, is much narrower than the 65 cents-per-share loss it posted in the first quarter of 2022.
The investor sentiment is that they hope to see a significant improvement to AMC's balance sheet in the first quarter, including a decrease in the company's debt.
But AMC investors should be aware of management's plan to convert APE units into common shares, which will likely continue to create volatility in AMC stock.
AMC has enormous upside. Target $18.00.AMC Entertainment Holdings (AMC) is testing its 1D MA50 (blue trend-line) today, on a potential completion of an Inverse Head and Shoulders (IH&S) pattern. The long-term pattern is a Channel Down, but the closer it gets to the 0.786 Fibonacci level, the closer to its exhaustion is, being almost a 2 year pattern. Our target is the 2.0 Fib extension of the IH&S at $18.00, which happens to be on the 0.236 Fib of the January 2021 Triple Bottom.
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AMC Next Breakout $we had a good pump the last few days , now we inside a consolidation area between (5.50$/4.66$), once we break our current resistant at the 5.50$, we going to witness another pump towards the 6$ and the 6.70$.
on the other hand if we broke our support around the 4.66$, it's mean the short will drop the price to new low this year just above the 3.26$ first then to the bottom price for this year at the 1.26$.
APE - Potentially UndervaluedAPE is finally consolidating near the 200ema and seems to be holding. We are slightly overbought but I think there is an argument for accumulation. I got limit filled around 1.79 , Not financial advice, DYOR.
AMC BEATS EARNINGS Incredible work by the company manager and the board of course. Popcorn is launching and expenses have been reduced. AMC Entertainment is on its' way to clearing the debt and become profitable again.
Their credit card also will be launching soon so I'm confident AMC will not only stay a float but become a growth stock.
Very bullish!!!
NAS100 Signature W patternNAS100 has formed its signature bottoming structure after a big correction, in this TA I will show you how the NAS100 time and time again forms W patterns before reversing to the upside .
There plenty of examples showing this fractal playing out over the last 10 years , here are a few.
As you can see every time this pattern forms its the bottom before a wave to the upside. I couldn't find one instance where the NAS100 formed a W pattern and we crashed to the downside.
I'm not calling a bull run but a multi month rally to the 8/1 Gann is in the cards , heck the technical target breakout alone of this W pattern is 13700 which puts us at August 2022 high.
Tonight we have FOMC meeting so like always there will be a lot of volatility so best to stay out of any leverage trades till tomorrow.
Keep in mind that the NAS has pulled back nearly 8% before heading higher coming out of these W patterns.
Do not be fooled by movements next 24-48hours , this W pattern has very high success rate!
Let's make History my friends! We are literally squeezing and I love it. Lean back and enjoy the show. This is the time we have been waiting for.
AA tweeted something about a 'lesson not learned' which probably refers to the missed oppurtunity to dilute the last time the proposal came up!
This will boost AMC in every metric and CRUSHES the short theory ! ! !
STAY ZEN.
GME, APE, AMC Trading Data 1-19-22 to 1-19-23$GME
284,152,540 - Shares Traded Short Reported
4,433,987 - Shares Traded Short Exempt
491,230,683 - Shares Traded
Chart shows 2.8 Billion shared traded on the Yearly for 2022
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$AMC
2,869,327,325 - Shares Traded Short Reported
73,070,781 - Shares Traded Short Exempt
5,292,793,100 - Shares Traded
Chart shows 10.4 Billion shared traded on the Yearly for 2022
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$APE 8-22-22 to 1-19-23
1,395,763,913 Shares Traded
28,236,308 Shares Traded Short Exempt
661,931,758 Shares Traded Short
Chart shows 2.27 Billion shared traded on the Yearly for 2022
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Data is referenced from here.
www.finra.org
AMC Entertainment Holdings, INC (AMC) 1M Trading Analisys (TA)1M Chart, AMC Entertainment Holdings, INC (AMC) NYSE , on January 18, 2023, the signals on MACD have been below the histogram since January 2022, still far from pierce facing north; The RSI signal bounced on 40 and is now facing NE after the price has been steadly climbing the last 13 days, from $4 to $5,77, below both 100/200 MA signals, there is still plenty of room for the price to reach the 100 days MA signal by $8, to test it, which is which is the optimistic approach, but remember "In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten. I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading: "Now is the time to buy". At this time this ticker has a Volume of 43.939M, with Average Volume (10) of 29.468M and a Market Cap of 3.009B. AMC Entertainment Holdings, Inc. engages in the theatrical exhibition business through its subsidiaries. It operates through the U.S. Markets and International Markets segments. The U.S. Markets segment is involved in owning, leasing, or operating theaters and screens in the U.S. The International Markets segment focuses on owning, leasing, or operating theaters and screens in the United Kingdom, Germany, Spain, Italy, Ireland, Portugal, Sweden, Finland, Norway, Denmark, and Saudi Arabia. The company was founded by Barney Dubinsky, Maurice Durwood and Edward Durwood in 1920 and is headquartered in Leawood, KS.
This Company DOES NOT SHARE DIVIDENDS.
Good Luck!
Gráfico 1M, AMC Entertainment Holdings, INC (AMC) NYSE , al 18 de enero de 2023, las señales en MACD han estado por debajo del histograma desde enero de 2022, aún lejos de perforar hacia el norte; La señal RSI rebotó en 40 y ahora se enfrenta al NE después de que el precio haya estado subiendo constantemente los últimos 13 días, de $4 a $5,77, por debajo de ambas señales de 100/200 MA, todavía hay mucho espacio para que el precio alcance la Señal MA de 100 días para testearla cerca de $8, que es el enfoque optimista, pero recuerda: "En este negocio, si eres bueno, aciertas seis veces de cada diez. Nunca acertarás nueve veces de cada diez. Descubrí que cuando el mercado está bajando y usted compra fondos sabiamente, en algún momento en el futuro será feliz. No llegará allí leyendo: "Ahora es el momento de comprar". En este momento este ticker tiene un Volumen de 43.939 M, con un Volumen Promedio (10) de 29.468 M y una Capitalización de Mercado de 3.009 B. AMC Entertainment Holdings, Inc. se dedica al negocio de exhibición teatral a través de sus subsidiarias y opera a través de los EE. UU. Segmentos de Mercados y Mercados Internacionales El segmento de Mercados de EE. UU. participa en la propiedad, arrendamiento u operación de teatros y pantallas en los EE. UU. .S. El segmento de Mercados Internacionales se enfoca en poseer, arrendar u operar teatros y pantallas en el Reino Unido, Alemania, España, Italia, Irlanda, Portugal, Suecia, Finlandia, Noruega, Dinamarca y Arabia Saudita. La empresa fue fundada por Barney Dubinsky, Maurice Durwood y Edward Durwood en 1920 y tiene su sede en Leawood, KS.
Esta Compañía NO COMPARTE DIVIDENDOS.
¡Buena suerte!
“I believe in analysis and not forecasting.” / "Creo en el análisis y no en el pronóstico".
REMEMBER : I am not a financial adviser nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. RECUERDE : No soy un asesor financiero y el contenido de este artículo no se presenta como asesoramiento financiero. La información provista en esta publicación de blog y cualquier otra publicación que haga y cualquier material que la acompañe es solo para fines informativos. No debe considerarse asesoramiento financiero o de inversión de ningún tipo. Se debe consultar con un profesional financiero o de inversiones para determinar qué es lo mejor para sus necesidades individuales.
AMC $ Breakout we had double bottom above the 3.82$, and now we broke from our ascending line. first sign of strength , now we need to break the resistant at 4.31$ to continue to go higher towards the 2 profit taking and squeeze area around the 5.37$.
if we got rejected at 4.31$, it's means we going towards the bottom price above the 3.33$.
APE Squeeze $ Alert we got our breakout before the market closes last Friday as we spoke about it on our live streaming, now we holding above that major support box (1.85$/2$) if we did hold above that box, we going to have another pump to test our first profit taking around the 2.43$, then the second profit taking and squeeze area above the 2.80$.
Billions of shares sold short, market manipulation, and CitadelOver the past few months, the AMC/APE craze has been underway, with plenty of retail investors spamming various social networks and prompting others to buy the company’s shares. As per the information in tweets, memes, and messages, this retail investors’ uprising aimed to bring down hedge funds, with the central target being Citadel.
There were numerous instances during this time when people claimed the price of shares would burst into multiples if all investors stuck together and continued buying collectively, not allowing hedge funds to buy shares and close their short position (leading to their downfall). In fact, during this period, we encountered numerous statements about billions of shares being sold short. Meanwhile, only about 513 million shares were outstanding for AMC and 519 million for APE in the third quarter of 2022. At the same time, the short interest on AMC shares amounted to approximately 20%, with 101 million shares being sold short; and only 33.5 million shares of APE being sold short.
These figures obviously deviate too far from what the retail narrative promotes. Furthermore, many people promoting this narrative and encouraging others to buy shares do not seem to realize what they are doing might be potentially criminal and classified as market manipulation. Furthermore, a lot of information concerning the whole craze is entirely wrong. Many people seem confused about “wrapped-AMC token” with over 8 000 000 000 000 000 in supply being related to the AMC company. However, anyone can create a token and name it “AMC token,” regardless of whether it is associated with the company. As for Citadel, we have failed to find any disclosure of their short position on AMC/APE during the respected period.
In our series of tweets last month, we warned that the regulator has most likely learned a lesson from 2021 and would step in and halt trading if buying activity picked up significantly. Shortly after that, that is what occurred when the regulator poured cold water on the rally with a temporary halt to trading. Year to date, shares of AMC are down approximately 70%, which is far away from what was promised by those shouting “buy and hold.” Therefore, this whole situation should serve as a reminder of being cautious about what you see and listen to. Always do your due diligence.
Illustration 1.01
In the 2021 meme stock hysteria, shares of AMC jumped up as high as 44.61$.
Please feel free to express your ideas and thoughts in the comment section. Additionally, if you have more information on this topic, feel welcome to share it with us.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
AMC ready to fade. Too Much Big Short Money to OvercomeI like the theory of beating the Hedge Funds and their over capitalized naked shorts
but the reality of the markets is that they exist to hurt us (the poor and middle class).
I'm expecting a fake breakout sometime between now and Christmas, this will pull in a final round of suckers.
then going into the new year, this will print a definitive new lower low on a ton of volume.
The AMC Movie Theatre business fundamentals don't matter at all, this is a meme asset that is narrative and emotion driven only