As predicted in my last thread AMC made a retracement to the mid 14$ level. This level is significant due to the large VPVR node making it large support. This level has successfully once again bounced the price. This level of support has been respected for 1-1/2 month. Hopefully this is the last time we retrace to this zone. I am really confident in the fact that...
AMC is finally ready for an upswing. Strong bullish divergence on the MFI + CM_Ult_RSI + Bullish TK-Cross on the Ichimoku Cloud. All these indicators are illustrating a possible trend-reversal. In addition, todays volume was almost 170 mil, this volume was last seen in August 2021. Most likely we will see continuation of this trend due to the fact this move is...
AMC is beginning to look ready for a reversal. We had a rough retracement to 12.90$ before the price bounced back to 15$. We managed to close a daily candle below 15$ which was not a good sign at the time. This daily close means breaking the 200 Weekly Moving Average which is a level of significance. We also attempted breaking a large VPVR node on the chart...
For the past couple of days we have had a lot of bullish patterns playout. The left chart is the 1h chart which i will present now: The falling wedge broke to the upside which caused a nice rally for AMC. Later on we formed a rising wedge which luckily broke to the uspide. As of now the price is consolidating in a symmetrical triangle that is ready to breakout....
Early in the day we got rejected at 34.3$ which is hard resistance. Support was later found at the 7.86 Fib (26.4$). Worst case scenario support 25.45$ (MA-4). Also confirmed by VPVR node. We have also established strong support at 27.3 (MA-1). 28.10$ is also valid support confirmed by the 6.18 Fib and a large VPVR node. MFI is trying to cool off, still...
⚡15$ Support confirmed by VPVR node + golden pocket retracement + 200 week sma + 2 trendlines of support (Previous resistance) ⚡MFI breakout could lead to a massive rally ⚡18-20$ resistance confirmed by VPVR node + resistance trendline + 0.5 Fib ⚡23.5$ Ichimoku Cloud resistance ⚡0.236 Fib resistance needs to be broken for bullish price action ⚡Worst case...
Blue Line Predication- if it comes down to retest at $15.22 then it could just tap in for the 4th tap in order to push up for a retest at $15.65. The gray box is where it will tell me whether the market will bounce back up for a rest or continue going down for TP $14.75 Gold Line Predication- if it closes below the gray box or the blue line then it will continue...
Analysis... The impulse from the low of $1.90 to a high of $20.30(27Jan 21) was the beginning of the yellow intermediate degree wave 1. The correction of that degree brought the price of AMC stock to $5.23 which completed wave 2 in the yellow intermediate degree in-turn beginning wave 3 in yellow which should unfold in 5 wave in the red minor degree(one degree...
NYSE:AMC clear distribution playing out. Question is if it can hold the monthly key level (red) l. If not, watch out it may go all the way down to 12.90. Need to break green down trend for a sign of accumulation. But also, if it breaks back into the daily and 4hr, it can be a sign of reversal but it needs to hold that 4 hr level. Shout out CottonCandyTA, I'm...
⭐Bullish Descending Pattern for over 9 months (Target of this pattern is 72$) ⭐Bottom trendline support bounced the price 4 times with significant volume (Previous1400% gain, strong level of resistance) ⭐Strong bottoming signals on the MFI (Last time this happened a 1400% move occurred ⭐14.8$ Support confirmed by VPVR node + 7.86 Fib + Trendline + Volume ⭐A break...
⭐4H chart huge falling wedge ⭐Target of the falling wedge is 34$ ⭐7.86 Fib level mounted as support (17.5-17.3$) ⭐20$ Resistance confirmed by EMA Ribbons and large VPVR node on the daily chart + 4h ⭐4H MFI bullish divergence, primed for a large bounce ⭐Strong bottoming signals on the daily chart, TD-Sequential red 9 + Vix Fix indicator. We barely wicked below the...
⭐AMC is in a huge falling wedge starting from 30$ ⭐Breakout of the falling wedge give us a target of 30$ + ⭐17.5$ Support needs to hold with significant volume ⭐MFI strongly oversold (Bullish Divergence, icoming?) ⭐Volume is lower than before while price is dropping (Bullish) ⭐Vix Fix Indicator strong signal of a bottom ⭐Ichimoku Cloud is green, which could...
⭐20$ Support must be held (Ema Ribbon support), previously this level was a huge level of resistance causing a 3 month consolidation. 20$ is also a large VPVR node that needs to be respected for bullish continuation. 20.9$ is the 7.86 Fib which is a good long term retracement zone. ⭐TD-Sequential red 9 which often indicates a bottom ⭐Looks like the MFI is...
⭐Broken out of 9 month falling wedge with a 6 month engulfing volume ⭐Broken out of monthly Ichimoku Cloud resistance ⭐Broken out of EMA Ribbon resistance at 20.8$ ⭐Vix Fix indicator shows for the first time in 13 months a strong signal of a bottom *WARNING* This thread is not financial advice. I am not a financial advisor. Thank you for reading.
⭐Bottomed out and closed above the Ichimoku Cloud (22.7$) and we succesfully mounted the long term retracement zone (.786 Fib) ⭐Short term resistance levels, 23.5$ (Ema Ribbon) 24.4$ (EMA Ribbon) ⭐Watch for a break of the 0.5 Fib (25$) with good volume ⭐1H chart bullish divergence on the MFI ⭐Vix Fix bottom signals on 1h confirmed with buying pressure ⭐1H falling...
NYSE:AMC Possible scenario is that we're finishing the B leg currently as it is in a falling wedge and will breakout this week for C leg. Volume decreasing as price is dropping is bullish. PT for C leg rn is around 55$. If there is enough momentum there may be a 5th leg which would validate that this is a 5 wave impulse and pt would be around 100ish. Good luck!...
AMC Short Term - We look to Buy at 21.31 (stop at 17.60) Preferred trade is to buy on dips. 50 1day EMA is at 20.00. We have a 61.8% Fibonacci pullback level of 21.09 from 12.90 to 34.41. Trading volume is increasing. Previous resistance, now becomes support at 21.00. Our profit targets will be 34.41 and 43.15 Resistance: 30.00 / 35.00 / 40.00 Support:...
A huge rounded bottom has been spotted on AMC. ⭐Neckline Resistance (30$) The 30$ level is a huge level when it comes to options. 33.5k Volume and 21k Open Interest. ⭐Short term rejection (25.35-26.5$) 7.86 Fib (25.35$) ⭐This rounded bottom pattern is valid due to its touchpoints being supported by large buying-volume. ⭐Once 30$ Is broken we face resistance...