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AMC LONG WYCKOFF ACCUMULATIONHello Apes and regular investors. As you can see right now we are in the accumulation period. Soon we will get to the moon! Let's start that all phases are here and it is moving like it is supposed to do. Frankly, I am 100% sure that we will shoot soon. There is only one thing in my mind and how long the bull ran will continue. I believe it will be fast, but it can take 1-2 months before the squeeze. We will grow little by little and then there will be FTD and after that, there will be a run. Let's look at the data that we have. From the ORTEX 1. SI % of FF - 20.9%. At the end of May from 19-21% 2. DTC is 2.79 it is good for a short squeeze. In May it was 1.7 3. On Loan number is huge. The only thing that I don't like is that there were more FTD before the run-up in May. We had wyckoff accumulation in BTC and you can look and see how much it run after that. But it wasn't that shorted. See new highs soon! Not financial advice!
NYSE:AMCLong
by alendostanov
3
$AMC: Slingshot to 145$AMC has been trading under a deschending pattern for almost a year. This pattern has sent AMC to the largest VPVR node at 14$. AMC has not managed to close a daily candle below 14$. This is a good sign due to the significance of this large VPVR node. The 14$ level is the largest zone of liquidity that needs to be respected for the bullish continuation of AMC. If the 14$ level breaks which is highly unlikely we will consolidate and reject of this level for a while. This would delay the trade significantly. This possibility is highly unlikely and will most likely not take place. This descending pattern we are trading under is a bullish pattern which has caused the previous run-up of AMC. The support trend-line of this pattern has 8+ Touchpoints confirmed by buying-volume which makes it valid support. The trend-line of resistance has more than 5 toucn points confirmed by bearish divergence on the MFI + CM_Ult_RSI + the selling volume once this negative trend-line is toutched. As of now the support-trendline of this pattern is located at the 7.86 FIb which is a good long term retracement. Currently we are finding resistance at the 20-21$ level which is confirmed by the VPVR, bearish divergence on the MFI + CM_Ult_RSI. This resistance is also confirmed by selling-volume and the 6.18 Fib. Once this level is broken it will become strong support which will cause a parabolic move for AMC Stock. The VPVR is illustrating a large volume gap above the 20-21$ level. 20-21$ is a large point of resistance which has been respected and confirmed by selling volume. Once 20-21$ is broken we should instantly move to 26$ hold above and have a breakout to 30$. AMC also had a positive Q4 which is really bad for owners of short-positions. This earnings-report can cause the reversal of AMC. The MFI + CM_Ult_RSI have been displaying a descending pattern on the 3D chart. Once this pattern breaks AMC could go parabolic. The CM_Ult_RSI fired a buy-signal at the bottom of AMC, since then this indicator has been displaying higher-lows and a strong bullish divergence. Once the descending pattern breaks on the CM_Ult_RSI Amc will most likely break 21-30$ easily. Another thing to note is that the selling-volume is being faded away. Short sellers are not strong anymore. I am soon expecting a large bullish Volume Spike to engulf the previous bearish volume. At the current state a retracement to 14$ would be unlikely. The most activity on the weekly Puts on AMC are located at the 17-19$ level. This is most likely where the week will be ending. The most activity on the options chain by open interest and volume is located at 17-20$ which is most likely going to be the trading range of this week. We also have 8000 in open interest for 40$ which looks interesting. This could be hinting for a large breakout of the descending pattern. My price target remains to be 145$. *WARNING* This thread is not financial advice. I am not a financial advisor. Thank you for reading.
NYSE:AMCLong
by Patriick2jz
10
$AMC: The Ultimate Battle of 21$It was a long time ago AMC closed a daily candle above 20-21$. This level is significant because it is currently holding us in a downtrend. The last 2 trading-weeks we have formed a double at the 21$ level which has caused a retracement to the largest VPVR node 14.90$. This level bounced the price once again and support was held. We have successfully broken the resistances of 16.6-17.7$ and turned them into support levels. As of now i am expecting 17.7$ to hold as support to help break the 21$ level. The 21$ level is a confirmed resistance by the double top pattern, green TD-Sequential 9 on the 1H chart, the basis of the Donchian Channels on the 2D chart and the large VPVR node that is found at this level. A break of this level will confirm the ultimate reversal of AMC. If the 21$ level breaks with an engulfing amount of volume we will eventually make the push towards 30$. Once this happens the 30$ Options will start printing which will cause a rally to the upside. There are significant gaps on the VPVR which indicates that the reversal of AMC will be easy once broken out of 21$. The MFI also hints for a strong bullish divergence which could indicate that the 21$ level will most likely be broken this week. Tomorrow AMC has Q4 earnings. AMC will most likely beat Q4 which could cause AMC to rally. If the S&P 500 + other indices help we will see the ultimate reversal of AMC back to the 30$ range. The most options activity for the week is to be found at 18-25$ level which will most likely be the trading-range of this week. *WARNING* This thread is not financial advice. I am not a financial advisor. Thank you for reading.
NYSE:AMCLong
by Patriick2jz
$AMC: Huge Potential of Upside!The market has been wild for the past couple of months. The economy is looking really bad which has caused the S&P 500 + other indices to retrace. This has brought selling-pressure to AMC causing it to trade in a large downtrend. Finally this downtrend has been broken. We made a quick push to get rejected by the 21$ level. This is a significant level for AMC due to the fact that we double bottomed at this level in December. The 21$ level is a large level of resistance confirmed by VPVR and selling volume. In addition we also had a green 9 (daily chart) on the TD-Sequential hinting for a retracement. As of now AMC has made a deep retracement to the 7.86 FIb level. This level is a healthy long-term retracement. We have now confirmed a doubble bottom at this level. The VIX-Fix on the 4h chart indicates that we are at or near a bottom. Bullish Divergence is visible on the MFI which leads me to believe that AMC will have a retest of the 18$ level. The level of 18-20$ are large levels of resistance confirmed by the VPVR and the selling volume once reached. We also have a red 8 on the TD-Sequential on the 4h chart. The significance of the TD-Sequential on the 4h chart can be displayed while looking at previous trading days. Once a red 8-9 appears it indicates a bottom. The volume is also starting to pick up which is a good sign of reversal. For AMC to remain bullish we need to see a 4h close above 16.73 confirmed with good volume. We have to establish strong support at the 16$ level beacuse it is a large VPVR node. The EMA Ribbons are used as resistance at the 17-20$ level. When these are established as support AMC will look amazing. AMC also has earnings in 5 days. This could get the stock price to increase significantly. The earnings are estimated to be positive which could be really bullish for AMC. If AMC beats earnings and the S&P 500 + other indices rise AMC will follow really well. Looking at the options chain AMC will most likely be trading around 15.50-20$ this week. The most open interest is located at 20$ which is a good sign. Lower price targets are not in the cards for AMC by looking at the options chain. Most likely the week will close at or well above 16$. *WARNING* This thread is not financial advice. I am not a financial advisor. Thank you for reading.
NYSE:AMCLong
by Patriick2jz
4
AMC SHORT SQUEEZE FINALLY OTW? If we take a look at the Jan-May cycle we can calculate the amount of days it took from the first squeeze to the second. So from Jan 27th - June 2nd was 87 trading days. In that cycle, the bottom happened a few days after the squeeze. The cycle we are in now from June 2nd - now, the bottom has been placed exactly 2 times of 87 so 174 trading days after. If you look at the volume for each cycle, you realize it took 87 days trading days to get 14 B in volume in the first cycle. Well in the second cycle it took 174 also the double amount of trading days. IMO the bottom is in for AMC I think some wild days are coming soon for memestocks.
NYSE:AMCLong
by stupidman12212
5
$AMC: 600% Gains Incoming!AMC has had a wild week. I managed to open a long position on 14.85$ which was basically the bottom of AMC. Since that we have broken this large descending wedge. This break is confirmed with a large amount of volume. This volume was significantly larger than previous trading days which is a good indication of bullish action. As of now we are in the making of a Bullish TK-Cloud below the Ichimoku Cloud on the daily chart. Last time this happened was before the run-up of May 2021. This movement was around 600% from the TK-Cross. A confirmation of this TK-Cross is made when AMC closes a daily close above 20$. This needs to happen with 100M Volume + to be confirmed as a valid move. This will cause bullish calls to get ITM which will bring bullish price action to AMC. We also managed to mount a strong support level at 18.2-18.4$ level. This level is supported by a massive VPVR node. This level was previously being held as strong resistance. This level has now turned into a support. On the micro time frames this level has been respected with significant volume. A break of this level will make AMC retrace to lower levels once again. Personally I have confidence in this level due to the fact that it has bounced the price throughout the day. We are also overbought on almost all of the Micro time frames. This could cause AMC to retrace to the 7.86 Fib which is located at 17-17.2$. This would be a quick move which should bounce the price above the large VPVR node at 18.2.18.4$. This retracement could happen to cool down the MFI which has been increasing a lot. One thing to be aware of is the emergency fed meeting on monday. This could cause the market to retrace which would make AMC follow the downrend. If the fed meeting is a "relief" for the investors the indices should be fine and bounce. *WARNING* This thread is not financial advice. I am not a financial advisor. Thank you for reading.
NYSE:AMCLong
by Patriick2jz
$AMC Upside - Slow GrindAMC starting to get "some" wind back in the sails. This could be based on "hype" from press releases and upcoming optimism on the earnings coming due with about 3 weeks. AMC has been issuing a plethora of bonds, so that is something else to keep in mind when it comes to Coupon Payment Dates and Maturity Dates. For me, AMC is boxed in between the $12 - 20.00 with a "next level" target of $22-$23. BUT there will need to be extreme bullish pressure to break-through those levels. Overall, it appears AMC is going to take more "time and price" which may require the pace of the upside movements to take a slow stair stepping pattern.
NYSE:AMCLong
by bsdvs23
1
$AMC: Rocket Ready to Launch!On the 3D chart of AMC we are forming a red 9 on the TD-Sequential. This finishes in 2 trading days. We can wick below the 14$ level to grab more liquidity. Although buyers seem to appear at this level. This is supported by the large VPVR node that is located at 14.5-15$. MFI is in a downtrend that has a tendency of breaking out. We are mounting the .786 Fib which is a sign of strength. A close below 14$ would be really bad and it is most likely not going to happen. For the upswing we need to see a clean break of the 18$ level. This is a large level of resistance confirmed by a trendline that consists of 11 touch points making it valid. We also have a negative channel building resistance at 20$ with 5 touch points making it a valid pattern. The 18-20$ level are large nodes on the VPVR which indicate that there is a lot of selling pressure to be found at these levels causing AMC to retrace. These levels are really important to reclaim for the reversal of AMC. A break above 20$ with a significant amount of volume will be a great sign of reversal. Last time we had a red 9 on the TD-Sequential AMC had a rise of 80%. If this occurs once again the options activity will become crazy. A lot of bullish options will get in the money which will help AMC to break this insane downtrend and reverse. Most likely the pain on AMC is over. A lot of reversal signals are to be found in this chart. A break of 14$ is not a likely scenario. We will have to check what the options look like mid-week to be able to predict the price of AMC. Options below 14.5$ have really low open interest and volume which is a good sign that AMC wont break this strong support level. The only thing keeping us down is the overall market making large retracements which brings selling pressure to AMC. When the S&P 500 becomes stable and starts reversing AMC will follow. *WARNING* This thread is not financial advice. I am not a financial advisor.
NYSE:AMCLong
by Patriick2jz
4
$AMC: Bullish Inverted Hammer Should Cause a 50% Bounce!A bullish inverted hammer has been spotted on the weekly chart of AMC. This candlestick pattern is known to be a signal of reversal. Following with a red 9 on the TD-Sequential indicates that we are near or at a bottom. AMC is at a oversold state and is set to bounce. We are also at the bottom of the Donchian Channel. This indicates that a large reversal should be near. Everytime we are at the bottom of the Donchian channel AMC finds a large amount of support causing a 50% bounce. For me it would be really weird if this bullish inverted hammer failed to reverse the price of AMC. This candlestick pattern is really reliable and tends to reverse the trend of a stock, especially if located on larger time frames (weekly chart). To support this we are also seeing bullish divergence on the MFI making higher lows. The week also closed above the large VPVR node located at 14-14.5$. This level is important to be held as support. A daily close below this level is going to delay the upswing of AMC. Volume also seems to be increasing which is a sign of strength. If every index is strong throughout the week i am expecting a quick move to 20$ which will cause AMC to go wild. We also need to see bullish options activity to help AMC reach higher levels. *WARNING* This thread is not financial advice. I am not a financial advisor. Thank you for reading.
NYSE:AMCLong
by Patriick2jz
4