Bad news AMCWe broke through the lower trend line and are headed into a major support area on low volume. If we break below that red line I would be looking for an exit strategy. Hopefully it holds and we get a nice bounce for the rest of the week.
Amclong
AMC bull pennant still in playAll things considered, we didn't do to bad today. Next week will be crucial with how things play out with this new covid variant. But the good news is major support levels held and we closed within the pennant. If you see a defined break below these levels, I would be looking for an exit strategy. If it holds, well...hodl.
Something's brewing with AMCLook at the recent levels of volume. It's the lowest its had in a long period of time. Especially today's volume. Keep in mind that short weeks and around the holidays volume drops with people traveling. I'm loading more in this area. Break out is still in play
Could AMC be getting ready to take off to $100?AMC is very very close to breaking out of this ascending pennant.
It is in an extremely similar set up as it was before it broke to the upside from $10-$70.
Since that explosive move, price has not closed below $30 showing strong buying at this level.
The RSI has a very similar setup as well.
I expect a break upward to $100 with a possibility to reach $130.
($100 comes from a repeat of the $60 move and $130 comes from cloning the trend line from 10-70 and putting it at the apex of the current formation on the log scale)
AMC is also doing a lot of fundamentally bullish things too such as allowing crypto payments.
GME is also in a similar place on the charts, I will post that analysis next.
Let me know you guys thoughts!
The APEs are ready to jump in the jungle Keep your trade easy - simple & safe
Good entry : current price - & above 44$
Target price 52$ - 72$ - 100$+
SL 36$
If you enter at 40$ and it goes down to 36$ then you lose 10% but if it goes to 52$ You win 30% - & if it goes to 72$ you win 80$ ….
You think about it , does it worth a try?
Trade safe
AMC short-term Trade Before it Dies!AMC will hit $52 before hitting the dumpster and reaching it's all time low this year of around $2!
AMC They Disabled Buying, We Disabled Selling. I have been here for nearly 6 months and have checked the chart daily if not hourly every day since. I've added lines, removed lines, tweaked lines. I feel fairly confident I found THEE lines. The weekly chart nearly speaks for itself. I cannot stress enough how massive this full pennant (Dorito chip) is. You usually see bull pennants like this play out over the course of a few hours/days/weeks. This has been flagging for a whole year and it is so tight and the volume is lower than we have seen all year. We shall see. I am long 50/50 this and GME. I hodl for all.
AMC holders - Final call to launch!Buckle up ladies and gents! Ignition incoming.
- 4 hour chart for all three charts final stages prior to runups.
- 60 day Moving Average indicates crossing at nearly identical locations in similar pattern structures.
HAVE FUN!
AMC LongBasically the same analysis as some others have already done, just reiterating their points. Massive bull flag and textbook consolidation. I agree between now and next week we will see a major movement one way or another, my bets are on a rocket to ATH. Stay vigilant apes.
LBFOAT (LARGEST BULL FLAG OF ALL TIME) NEARING COMPLETION.When in doubt, zoom out. Never ever in my life have I seen a more bullish monthly chart. AMC must test $38 one more time, possibly with the most volume we have ever seen, really depends on how much liquidity hedge funds still have. An artificial intelligence-based portfolio that outperforms the S&P with no human input just today sold Facebook and Wal-Mart and went long on AMC. Must I say more? AI is the future. Patience fellow apes. Only a waiting game. HODL. 8. 01 . NOT FINANCIAL ADVICE.
AMC Long: Pennant BreakoutSeems like we're finally breaking out of this pennant forming over the last 5 or so months.
Not gunna pretend I know where this'll end up, but I like the looks of it
$AMC WILL RETEST ATH SOON! $AMC Every time the 20 and 50 Moving Averages cross on the daily chart AMC has created new ATHs.. After the break of $72 $AMC melted and bounced back to form a George W Pattern on the Daily. Get ready to see a break of the GW neck line around $52 then a retest of $72!!
See you at the LAMBO dealership APES!!
THIS IS WHAT AMC WILL DO NEXT 💸💸 (100% ACCURACY) 🚀🚀Look like NYSE:AMC has been consolidating in a triangle pattern which will mostly break out of on the long side.
For the apes that can't understand technical analysis voodoo: NYSE:AMC will very likely go down to the $35-37 support level, after which it will rally up to $55-$60. Just follow the arrows on the chart.
Good luck,
Your Ganbu
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AMC GOING UP What's up guys !
Price heads downwards making a descending triangle and I'm looking for a break of the triangle and the last higher high
A 1:2 RR is quite visible on here , what do you guys feel ?
AMC Price ProjectionThis is what I think AMC will do. If the price returns back down to $36 then I assume we can see a repeat of the last move, with less potential this time around due to the overall price consolidation with recent price action. Realistically I'm looking to make a buy here at $36 and cash out at $44 again. Nobody can ever predict the market, this is just what I logically think will happen based on price action, if there is enough hype behind the stock and enough apes dumping money into it the price can completely reject my idea and just go back to $49 at any time it wants. This is a clown stock, and I do not recommend holding it for more than a week at a time unless you have proper risk management and a proven strategy.
AMC Entertainment Price TargetAMC Entertainment is sitting at its strongest regional support line and its ready to bounce to the next resistance.
My price target is 40.5usd
I`m looking forward to read your opinion about it!
AMC (Breakout to $73.00)AMC is trading within a symmetrical triangle/large bull flag pattern (blue triangle/yellow lines.)
The relative strength index is trending down (signaling an impending breakout).
Pink circles indicate touches on the trendlines.
Price target (within reason) is the previous high of $73.00 (green dotted line).
*the bull flag doesn't meet ALL of the requirements (but price is still showing a possible uptrend).*
#AMC Short Max Butterfly + Seapony + Gap Close
In this analysis, I have drawn a Max Butterfly as well as two Seapony variants, which could initially drop the price to approx. 27.29 - 21.44, and additionally close the gap at approx. 27.44 - 25.63.
Subsequently, I expect rising prices from 33.36, 40.94, 44.57, 52.91 to a maximum of 61.04.
If the range between 52.91 and 61.04 is reached, there is still the risk that the Gartley from the following analysis is confirmed or point C Formet and again falls to area D.
AMC (Breakout Deadline)AMC is attempting to breakout of a Symmetrical Triangle, with the relative strength index trending down overall.
Taking a copied Bars Pattern that has similar R.S.I Patterns leading to the downtrend currently.
For example: January 27th, 2021 to June 02, 2021 (the breakout) and adjusting the pattern, several scenarios will provide options.
This pattern is also the one leading to the upward breakout to the symmetrical triangle.
The red-bars are a very unlikely scenario, since it would mean a breakout to the downside (still a possibility though). However, it would mean a breakout to the upside next year (also unlikely to follow exact).
Price is more likely to follow the black-bars, with a small chance of a downside breakout (orange bars).
The deadline (green box) for either breakout would be October 28th, 2021 (Friday). Unlikely to extend out till Mid November, but there's still a possibility of price trading within the green box, so a breakout could occur Monday-November 1st 2021.
The likely scenario is for the relative strength index to bottom out at 30% (allowing a breakout to the upside). Expect the R.S.I to rise up with the
purple parallel lines, similar to previous patterns in the purple parallel lines. Additionally, there is a small gap (almost touch) on the purple lines leading to the breakout on the previous patterns.
Possible selling point Mid November, with a small window to buy back in sometime in December (depending on pricing patterns at that time).
AMC (2-day prediction).AMC 2-day prediction:
Price should stay within or above the green triangle, the R.S.I should stay within or above the green triangle as well.
Price should then follow either the black or purple bars pattern (ideally).
related published idea linked below:
AMC (Buy before the Breakout).AMC is at a low of $35.95 (pre-market).
Placing an order at or near pre-market will assure the lowest price before the breakout.
A breakout of nearly 30% by weeks end is within reason by placing a bars pattern (black bars) copied from: September 13th, to September 20th. The key is FLIPPING the price trend, this would also account for the R.S.I reaching or getting near the 30% marker or crossing the red trendline (resistance). Divergence on the relative strength index would be ideal, staying BELOW the red line.
Possible trading could be predicted by placing a copied bars pattern from September 30th to October 26th (purple bars).
Extended redlines from the symmetrical triangle can be used as support-lines.
*This should be seen STRICLY as a Trading Journal, and not any kind of real Trading Advise.*
related AMC published idea linked below:
