Going Long on AMC Entertainment Holdings, Inc.As humans we should be able to analyze history and learn from it. What are we if we can’t learn from the past? Life works in patterns and the past will present itself again in the future.
Here you can see from January to May, there was a rip upwards followed by long consolidation, then another huge rip up.
Consolidation is a very healthy sign and signifies accumulation and demand zones in play. The longer the accumulation the bigger the rip upwards. From May until present day, we ripped and have been accumulating. I bet you can guess what it going to happen next. I’m bullish. I like the stock.
Amclong
AMC , almost 200% gain ahead , the fifth elliott wave!hey yall ,
here we are with AMC , elliott waves are drawn on the chart , so as you can see , the fifth wave hasn't been started yet and we're waiting for it . now we are in the 4th wave (correction wave) and price has made a triangle like the way it did in the wave 2 (correction wave) . the Entry zone is exactly above the triangle cause breaking above the triangle is a confirmation for AMC to start the 5th wave . target zones are also on the chart . now it can even go upper than the first red zone , that's why I wrote there "first target" . well , we'll have to see . when we reached the target , either it'll go up to the next target or it'll do ABC correction waves . so don't forget that the entry is exactly above the triangle !
if you liked the idea , give it a like .
and if you wanna see more of these , follow , heck of analysis are on the way !
also tell me your opinions on this idea in the comments .
Good luck .
AMC to 100 Dollars (Part 2)Along as we hold this support line things will remain bullish , we did get second rejection of the 4/1 Gann ratio which is not good but until we break and close a weekly under this support line I will remain bullish.
First target 100 dollars
Fib Time Zone date - 26th October 2021
AMC Mother Of All Short Squeezes, APES! (MOASS)Wow, what a ride it's been so far, huh? What an incredible time to be alive. It seems as if we are at the cusp of a truly once-in-a-lifetime tectonic-shifting economic event that will probably be studied and talked about for decades, if not centuries to come. What will the headlines/history books say about the planet of the apes? Will the memes be immortalized forever? What I see is the most massive bull flag I have ever seen in my 3 years of trading/watching the market and not only did we breakout to the upside, we backtested for support and it held. The chart only really makes sense if you look at it on a logarithmic scale because of the very long time frame/insanely high year-to-date percentage gain. The red line has been an EXTREMELY strong resistance trendline dating back to Oct. 13th, 2020, and has only broken to the upside TWICE, once on Jan. 27th when we ran to $20 and the second time on May 27th leading up to the run-up of $72. The blue line has been an EXTREMELY strong support trendline dating back to January 1st, 2021, everytime it gets tested and holds, it leads to a bull run and it has only been tested 3 times ever. The golden line has been a VERY strong resistance/support trendline dating back to March 13th, 2020. As you can see from the chart we just backtested the red trendline for support and we got it, this is the first time this has happened. Let me reiterate, the strongest logarithmic resistance trendline has turned into support. THIS IS INSANELY BULLISH. Anyone else excited for tomorrow?? I know I'm not, all I do is HODL anyways. Wake me up when $801,000. I have been adding to my position at every opportunity and have not sold a single share since I opened my xxx position. Not financial advice. Also, I don't have enough karma to post Reddit, would someone please share? It means the world to me, thanks, everyone! Cheers to the MOASS!!
AMC to 100 Dollars If AMC breaks to the upside first target could easily be 100 dollars before we get some sort of sell off. Alot of reaction points at the bottom of this triangle , showing real strength a break is near and with the 2D MACD bullish cross its looking like we could break to the upside.
Fib Time Zone Date - 26th Oct 2021
AMC HOLDINGS - DAILY CHART - BULL FLAG BREAKOUT Amc holding - Daily chart - Now I am not the one to buy meme or hype stocks infact I would rather do the opposite and sell the hype but in the case of AMC holdings I can't help but notice these beautiful bullish patterns on signs of new demand on charts so Im expecting a explosive bullish continuation on this possibly even higher then the all time highs.
AMC's 3rd Squeeze PredictionAMC has been prepping for it's next squeeze for almost 5 months now. Short Interests is at all time highs meaning shorts have not covered and the technicals show bullish momentum starting to build up once again.
Some indicators that suggest the next squeeze is starting.. low volatility, low volume (increasing now), high short interest, pennant close to breaking out, and previous trend analysis.
My price target is taken from AMC's Speed Trendline & Fib Retracement levels which suggest the next squeeze will peak end of November at around the $150 area
Low/High Weekly Price Targets:
October 22 - $38/$48
October 29 - $42/$62
November 5 - $52/$80
November 12 - $73/$88
November 19 - $87/$104
November 26 - $96/$150
AMC - Price OutlookLooks like we have a Mini-Breakout here finally, setting up an IHS on the 4 hour/ daily, MACD crossed up with momentum continuing and RSI 50 line trend being crossed above as well.
Looking for some price consolidation from here tomorrow and a bounce off the RSI trend line to let the STOCH cool down a bit. All in all looks like a nice entry should show up tomorrow for a continued run into next week.
...I'm Buying More
AMC STOCK- I believe this is how the next move up will be.So basically I used bar pattern and traced it from March-June rup up. It matches perfectly to where we are at right now. Also kinda interesting that Elliot wave theory corresponds perfectly to where the bar pattern follows. (look at 1.61% and 2.61% fib tracement). So I believe that it will go to somewhat mid 40's, goes back down, and then touches low 50's again. Dips a little, and then the fifth wave begins (of macro 5) which it will gamma squeeze somewhere around 200.
AMC still in the make or break !!! Small update compared to my previous chart. Note that this is a speculation play based on the cycle theory but I still we are in the right direction.
The dip is expected and so is the breakout of the trend line to the downside. The coming days will prove this theory soo lets see !!! :)
AMC trade IdeaAMC is currently below 144 WMA and under selling pressure but it's not looking that bad, while you apply it to daily TF it's holding firm above 144 WMA, currently, AMC needs to break above $40.86 to get out of the current consolidation and then next it will face resistance at near $42.85. Get this indicator by visiting my profile under the Scripts section.
AMC LIVE TRADINGLooks like #AMC is slowly coming positive, We will see resistance at $42.37 and if broken we will see the next resistance at $45.01. Unfortunately, Live Stream on tradingview has an issue so same Live Stream of TradingView chart and Setup you can watch on YT, Click below YouTube Button to join Live trading Session on YT.
For The AMC APEsJust charting supports and resistances that i see. I think if we dip below here we goto 36 briefly then 32ish before hopefully getting a healthy bounce. The entire market is red today, obviously we would get hit too. Crypto is down, stocks are down, and silver is way down. So just take the dips as opportunities when they present themselves to DCA . Upside targets are still there, i see many up trend supports and a flag, and channel all with healthy price movement. Good luck out there.
So many similarities compared to the previous runup patternThe WHITE line pattern indicates AMC currently. The GREEN line pattern( Which I purposely offset to see easier) was the exact chart pattern with a 5 minute time frame from May 13th to May 24ths breakout. I think we will see a little deep for the next two weeks and then come beginning of October... the just may be upon us.....
Friday-17th We should See some sideways controlled movement, possibly end of day push to send it down to get in to the Option price zone they want. Expect Monday the 20th to dip to the 22nd, possibly 23, then finish sideways for the week. Then Monday to Wednesday end of September she moves sideways, until, THURSDAY..... October FIRST, New month..... Then it comes alive....... unless they have plans to full on exit and send the stock down as much as possible, then we sit back and watch the MOASS play out.... Personally, I think this gets controlled until next year and possibly popping then full fledge. Could be a Tesla slow squeeze...... shoot, maybe hedgies default and not pay like China...... Heck does anybody really know anymore?