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Amclong

AMC - Week of June 17, 2024Its been a while since I published anything. I have been working on getting better at my skills and TA, just to be honest. Two years later and AMC looks attractive again. Why?... Well it derives from a bunch of degenerate cultist (like myself) who believe in the stock / company, the evolution of what we know as the theater industry, and same fractal patterns reoccurring. Oh yeah, and the correlation of GME and AMC being exact. So I will approach this PROJECTION (because thats all this is & NOT FINANCIAL ADVICE!) as a sympathy play to GME. See GME analysis on the next post. I begin doing a top down analysis. Here is the Monthly view on AMC. Currently price closed at 4.99 on June 14, 2024. lol Cant make this up! I simply see a Dumb Money sequel - Hedgies Getting Wedgies - Coming to an AMC theater near you. When we squeeze I see it AMC going to 174 - 154 per share price before it is met with great resistance and pulls back. Here is where the real test comes, we will see if with enough force AMC breaks this wall of Hedgies. Shall it have a blow the top off moment, it needs to stay above 195 to get to All Time Highs! I could be completely wrong and it goes to zero.... NYSE:AMC
NYSE:AMCLong
by AnthonyGarciaEth
4
$AMC Descending Broadening Wedge FormationOverview: NYSE:AMC is currently exhibiting a classic descending broadening wedge formation, a bullish reversal pattern that suggests potential upward movement. This setup is characterized by two diverging trendlines, with the price making lower lows and lower highs within the pattern. Long-Term Target: Based on the wedge formation, our long-term target is a move back to the top of the descending broadening wedge, around the ~$300 level. This target aligns with historical price action and significant resistance areas. Short-Term Targets: Before reaching the long-term target, NYSE:AMC is expected to hit several key resistance levels. Our short-term targets are in the $10-$15 range, where the price is likely to encounter the major resistance trendline. Trade Strategy: Entry Point: Look for entry opportunities near the lower boundary of the wedge, ideally around current support levels. Short-Term Profit Taking: Consider taking partial profits as NYSE:AMC approaches the $10-$15 resistance zone. Stop Loss: Set a stop loss below the recent swing low to manage risk. Technical Indicators: RSI: Monitoring for oversold conditions that could indicate a potential reversal. Volume: Increased volume near support levels can confirm buying interest and potential breakout. Conclusion: The descending broadening wedge on NYSE:AMC suggests a potential bullish reversal, with significant upside targets in both the short and long term. Traders should watch for breakouts above resistance levels and manage risk accordingly.
NYSE:AMCLong
by STP_MrNodeItAll
AMC can price rise from the all-time low ? LONGOn this 15 minute chart I see support for upside on AMC now at its all time lows. My target is recent tweezer tops at 4.27 with a stop loss set at 3.93. Any price rise at all will likely start short seller's buying to cover and close to be added to new long buyers supporting a move higher. The dual TF RSI indicator shows a bottom at the all time low and bullish divergence compared with the price action which is sideways for the moment. The Mass Index indicator with a rise then fall over the threshold and trigger levels has signaled a reversal. I will take a long trade of both long shares and a call option. An alternative to hedge is long shares and put options at a ratio of 100:1 with the puts as cheap " insurance". If a short squeeze ( ? moonshot) ensues, the put option will stop out or get crushed to a complete loss of no consequence in the greater overall trade. DISCLAIMER Any long trade from an all-time bottom is extremely risky- only trade cash that you can afford to burn and not feel bad about it.
NYSE:AMCLong
by AwesomeAvani
1
CALL ME CRAZY but $AMC is about to cycle #bullish $5-7.50 test I have noticed a trend in the recent price action of $AMC. ** We closed 2023 at $6.18** Upon hitting the $4 (4.08) region AMC shows signs of bullish outbreak. When testing 4.08 on 1/17/24 it implused up to test 4.80 almost $5 test in the next 5 trading days following. DON'T LET THE MEDIA FOOL YOU! "MeMe StOcKs ArE dOnE" Waiting on Cramer to diss NYSE:AMC again as another leg on confluence Testing TWICE can possibly confirm a double bottom which is another confluence for a bullish outbreak as bottom has formed. NYSE:AMC has not adhered to typical technical analysis in the past as it is heavily manipulated. This week has some large earning reports in tech sector which can possibly provide EXTRA volume to push NYSE:AMC back above $5. I am entering a 7.55C 2/23 exp at market price of $4.15 #bullish #AMC #breakout #memestock This is simply a thesis and not Financial advice. Please use your own risk management and judgement.
NYSE:AMCLong
by chestephens1
✨ 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.
NYSE:AMCLong
by ProfessorCEWard
$AMC: Long Target 24.64$⚡Inverse Head & Shoulders Pattern forming? ⚡Neckline resistance 13.5$ Supported by Ichimoku Cloud resistance ⚡Bearish Divergence on the MFI, watch for a bounce at the 5.85$ area (huge liquidity zone) ⚡To confirm the Inverse Head & Shoulders Pattern a break of EMA 1 resistance is needed (8.6$ along with EMA 2 resistance, 10$) ⚡Strong VPVR resistance to the 12$ level ⚡Target of the Inverted Head & Shoulders i 24.64$ measured from the head to the top of the neckline ⚡Confirmation of this pattern is once the Ichimoku Cloud is broken forming a right shoulder (engulfing volume) *WARNING* This thread is not financial advice. I am not a financial advisor.
NYSE:AMCLong
by Patriick2jz
5
$AMC: Price Target 15.5$🔥Bottoming signal on monthly (4-month bottoming pattern consolidation) + Bullish MFI 🔥Monthly Ichimoku low confirmed as bottom followed by TD-Sequential 9 🔥200 Weekly Moving Average Resistance at 9.45 (This should be reclaimed due to the open interest at this level) 🔥Monthly resistance at 11.6$ confirmed by Ichimoku Cloud 🔥7.86 Fib retracement at 8.3$ confirmed by volume 🔥Price target 15.5$ (surpass 2.36 fib to retest resistance at 15.5$) 🔥VWAP broken o daily chart (Bullish signal) 🔥Vix Fix indicator strong bottoming signals on daily chart 🔥Watch for an engulfing amount of buying-volume 🔥VPVR support at 8-8.80$ 🔥VPVR resistance at 10$ confirmed by EMA - Ribbons *WARNING* This thread is not financial advice. I am not a financial advisor. Thank you for reading.
NYSE:AMCLong
by Patriick2jz
2