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$AMC retracement to 27$ before the break of the 200SMA?AMC has seen a huge rally the past couple of days. This large movement got rejected by the 200SMA at the 32$ range. This is heavy resistance due to the fact that this level contains a bearish OB (Orderblock). The 3h chart indicates that AMC will remain in a bear market a short period of time due to the fact that we haven't gotten a single 3h candle closing within or above the Ichimoku Cloud. The Cloud is being used as resistance. I am looking for a retracement to the 26.85-27.75$ range to hopefully bounce the price and close a candle within or above the Ichimoku Cloud on the 3 chart. Todays dip was driven with low volume which indicates that people are holding their shares. AMC also closed below a large VPVR node at the 29-30$ level which is seen as strong resistance. The MFI indicator looks to be overbought which could lead to some minor bearish divergence. I would be surprised if AMC bounced from here due to the fact that the there are no reversal signals. We could have a short term runup to get rejected by 29.5$ which could later lead to a deeper retracement. My hopes are that this retracement happens quickly so AMC can get out of the 20's and hopefully break the 200SMA at 32$. 26.8-27.8$ has been heavy resistance before the move to 20$ confirmed with a signifficant amount of Volume. A retest of the previous top (resistance) would be a healthy retracement for AMC. I personally have buy-orders set at 26.85$. If this zone doesn't get hit my order will be adjusted. A safe entry for AMC would be a daily close above the Ichimoku Cloud and the 200SMA. When the 200SMA is used as support with large volume backed up by the MFI and the Ichimoku Cloud this would indicate that AMC is trading in a bull market. This would lead to the next bull-run up to the 50's. Also keep an eye on the options. There are some interesting calls out there that could be driving AMC to a new uptrend. The days to cover are rising according to Fintel which could indicate that a short squeeze is near. The short interest of AMC seems to be above 20%. This analysis should not be seen as financial advise. I am not a financial advisor. Thank you for reading and feel free to give me your thoughts on AMC.
NYSE:AMCLong
by Patriick2jz
2
AMC Cup with Handle (Target 36$)AMC made a perfect bounce of the 0.786 Fib level (20$ level) earlier this week. This lead to a technical breakout above the 25-26$ level of resistance. We have established strong support at the 25-26$ range with signifficant volume spikes. We are at the micro times frames trading above the VWAP which was previously seen as resistance becoming new support. I am looking at a healthy retracement to the low 28's or 27.7$. These levels should hold. Otherwise i am expecting 26.7$ as a strong support zone which should lead to a good bounce. At the current time we are overbought on the MFI and the Stochastic. We also haven't managed to close above a huge VPVR resistance node at the 29.7$. This could push the price for further downside but is in my opinion unlikely due to the fact that AMC has started to trade with higher volume. AMC is currently on a short term uptrend with increasing volume. Remember the trend is your friend and that volume predicts price. We are on the 2h chart seeing a cup and handle formation. This is a very bullish pattern. I am expecting a little dip for the creation of the handle towards the high 27$ range. Tis would create the handle and bounce the price to 34$. If this level of resistance is broken (34$) with a high amount of volume making it new support we are going to trade above the 200EMA which is a bullish reversal sign. The cup and handle formation could lead to a break of 36$ which would make us fill the gap at 38.8$. At this point of time i am expecting a signifficant amount of FOMO-Buying which could bounce the price even more up to the daily VPVR level of 40$. If the overall market sees a bounce AMC should follow nicely which could lead to the continuation of the uptrend. The target of 17$ that a lot of people in the AMC community have been speculating is not likely at the current state. *WARNING* (This article should not be seen as financial advise. I am not a financial advisor.) Thank you for reading
NYSE:AMCLong
by Patriick2jz
MOASS or loss porn? An opinion on AMC Entertainment.Dear babbling smooth brained baboons of the interweb, it's your ol’ boy Magnus here! I have come to present a case for AMC. I do believe we are about to witness the end of the “battle for $40” in the war of “The smooth brained simians vs. The hedgies“. Now dear fellow, I know you have never seen such artistic magnificence before! But do stop licking the screen and allow us to move along, ei? Well, as you can see. According to my most sophisticated calculations we should either MOASS or have lots and lots of epic loss porn for our ape brethren over at r/wallstreetbets before the year is out! Disclaimer: This is not financial advice. It is an opinion. Magnus is not a financial advisor.
NYSE:AMCLong
by Magnus_Chimpski
1
AMC Stock Must SeeAMC is currently following a bullish schematic to a tee. According to the schematic it is at the yellow arrow, just shy of a large rip upward. If this scenario plays out, expect a quick pull back then impulse up on higher volume. Notice how the pull bak to the 25 level is exactly to the 618 Golden Pocket. This chart is convincing, however a break of 25 would invalidate. Snipe from the corner : if this is valid there will be a full throttle rip on 12/22-12/23.
NYSE:AMCLong
by Sentiment-Discombobulate
AMC Stock Chart 12/8This is a potential chart for AMC that follows a repeating fractal found on several different time frames. Break above 40 , I am bullish. If not it will be dragged down to the 1.618. Price targets is 29 for tomorrow. Bearish until AMC breaks this down trend and we see a substantial increase in volume and or break above 40. Also have a bullish scenario on a different fractal that I will post later with more confluence. In my opinion, AMC will see a quick move to the high 30s after a slight pull back to 28-29, if it fails to break the downwards channel on this thrust it will fall hard.
CAPITALCOM:AMCShort
by Sentiment-Discombobulate
GAMESTONK... WHO IS READY TO BREAK THE INTERNET AGAIN?If you hold Gamestop I'm so happy for you. I personally only hold AMC but I don't care which stock skyrockets or squeezes first. The other will follow. That's facts. GME has either bounced or been rejected by the long-term trendline from 04/03 2020. It has respected the trendline as support 9 times. Friday the trendline was respected again. A lot of people were fearful this week on GME and AMC. I don't understand why, if you look back at the history of GME's chart you can see this correction or dump is not even the biggest. It fell 37% one month before the squeeze on January 28th. It fell almost 25 % two weeks before the squeeze. The volatility is normal when it comes to GME and AMC. If you've held this since January last week was nothing. This is usually what occurs before a squeeze or a big run-up. We closed above a strong support (168-169) which was also a good sign for the future. GME is looking primed for another squeeze.
NYSE:GMELong
by stupidman12212
7