AMC broke out of a large bull flag. The price target of this pattern is 72$. We have also broken out of the Ichimoku Cloud which is a sign of strength. This movement is confirmed by engulfing volume. We have mounted the 20$ level with significant volume (.786 Fib) It is also a large VPVR node making it strong support. We also mounted the .618 Fib at 25.7$...
Black Mountain Analytical Team: AMC 3 possible scenarios Wait for the price reaction to the area and zone. We will wait for the price reaction to the Resistance line and the static Resistance range. After the price reaction, we can enter. We are currently monitoring it to catch it in the first price movements. TREND LINE-Resistance area
NYSE:AMC I see a possible scenario of AMC creating an inverse head and shoulders where it fills the gap at 20ish and then starts wave 3 and 5.
Just a quick chart comparing last year's run with this week's price action. If we are only looking at price action, one can assume we are in day 1 of 4 of a prior run-up cycle showing the top to be on Thursday March 31st 2022. Not Financial Advice - Not a Financial Advisor - Entertainment Only
$AMC the current Rally is nothing but just shorts covering their recent short positions which were initiated on January 01, 2022. Now there is no more move, and it's better to close your Positions in profit and take a safe exit. AMC will go down from here.
Using resistance as a new support. Cup & handle? if so, new resistance around $23.50
If you haven`t sold AMC here: Then you should know that we are now close to a strong support area where a lot of traders bought the stock in 2021. My buy area is between $9 and $13.60. Looking forward to read your opinion about it.
AMC has been trading under a deschending pattern for almost a year. This pattern has sent AMC to the largest VPVR node at 14$. 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...
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$. This level bounced the price once again and support was held. We have successfully broken the...
The market has been wild for the past couple of months. The economy is looking really bad which has caused the S&P 500 + other indices to retrace. This has brought selling-pressure to AMC causing it to trade in a large downtrend. Finally this downtrend has been broken. We made a quick push to get rejected by the 21$ level. This is a significant level for AMC due...
After a perfect touch of the strong support area: AMC bounced back to the resistance. The option market has mixed feeling about this area, slightly bullish though. I think it`s a good consolidation range for accumulation. Looking forward to read your opinion about it.
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...
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$. MFI is in a downtrend that has a tendency of breaking out. We are mounting the .786 Fib...
A bullish inverted hammer has been spotted on the weekly chart of AMC. This candlestick pattern is known to be a signal of reversal. Following with a red 9 on the TD-Sequential indicates that we are near or at a bottom. AMC is at a oversold state and is set to bounce. We are also at the bottom of the Donchian Channel. This indicates that a large reversal should be...
AMC - Short Term - We look to Sell a break of 20.12 (stop at 22.18) Trades with a bearish descending triangle formation. A break of bespoke support at 20.55, and the move lower is already underway. The bias is still for lower levels and we look for any gains to be limited. Daily signals are bearish. We look to set shorts in the early trade. Our profit targets...
Today AMC managed to make a large move to the upside testing the high 18's. AMC is most likely going to have a retracement to 16$ to close the premarket gap. This doens't need to happen but it could be a likely scenario. The 18$ range has become a large resistance confirmed by selling volume and a large VPVR node. This resistance is also confirmed by the MFI which...
AMC seems to have bottomed out at 13.40$. The market was very slow at the start of the day. Although it caught up at the end of the day. This caused AMC to retrace to 13.40$ before bouncing to 15$. The TD-Sequential displays a red 9 on the weekly chart. This means that AMC is at a very oversold state. If the market starts recovering, so will AMC. The weekly MFI is...
These last 2 months have caused a lot of uncertainty for stock holders on the market. This has caused shareholders to exit their positions due to fear of losing capital. The stock market has had a large retracement that is now about to reverse. In approximately 1h we have the Fed meeting. This meeting is going to be crucial for the stock market. If we get bullish...