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Amclong

AMC Daily Chart - July 19th, 2021AMC on the daily chart is finding support around $31.27 at the writing of this post. I currently see the bullish reversal happening if this ticker moves back above $37.12 to break that downward pressure. If AMC sees a bounce soon, look for a strong resistance around $54.37. Overall, $54.37 has been a critical value in this trade with anything above it being bullish, and below it bearish for me. For all of the apes out there, I hope you crush it!! * I don't hold any positions in AMC, I just like to break down charts and give my opinion based on what I see. ** The script that I'm running is custom, and I'm also using Heikin Ashi candles on this chart for those who ask/wanted to know. Best of luck everyone, let me know your thoughts in the comments.
NYSE:AMC
by James_Mason
1
AMC Bullish Gartley PatternHere we are looking at Heiken Ashi candlesticks to get a better picture of the overall trend in AMC over the past couple months. The RSI and MACD both at neutral/oversold and look ready to reverse to the upside. Price tested lower bound of Bollinger Bands and bounced HARD back above it. A bullish Harami was created friday July 9th indicating a possible reversal of the short term downtrend. From the run up starting May 24th we can draw a bullish Gartley harmonic. If this harmonic pattern holds to be true the next Bullish PT would be 162% fib extension of the first run up and retracement which indicates a price of roughly 138 in the near to mid term future. Also worth noting, the highest strike call on AMC is currently 145.
NYSE:AMCLong
by ApeishTrades
3
AMC in a tough spot. Is there any hope?AMC definitely not looking great. No matter how I try to see this, I don't feel like this is a super bullish chart? AMC got above 30B in Mcap after a major squeeze and was one of the meme stocks that did very well. In Market cap terms it was definitely the largest ever if I am not mistaken. The truth is that the short interest is still relatively high, but I don't think the previous squeeze was primarily a short squeeze. Currently at 18% of FF maybe AMC manages to have another push. 33-36$ is a key support area as 33$ was resistance back in 2015 and has now turned into support. There are some levels also lower that AMC could find support but I don't think such an explosive move would happen again. The CEO has definitely tried to squash the rally by selling as much stock as he could, but even with all of that the company is still 6B USD in debt and only has 2B in cash (so still not in great shape). So for now in my opinion AMC has to hold 42$ for it to continue higher soon. So far it has broken some key support levels and the downturn accelerated which isn't great, but as 40 has held there is still hope. In my opinion if it manages to close above 60$ next time around, I think it will go much higher. Essentially waiting for the breakout trade or to buy below 36 might be the best idea for now.
NYSE:AMC
by BitcoinMacro
5
AMC - LIQUIDITY RESTING ABOVE, STRONG MOVE POTENTIAL! 🦍🌕Technical Overview: - ORIGINAL LONG POSITION: Stay strong apes! Use our analysis as a sentiment Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with the Devil 😈 Trade with the manipulation👾 STAY UPDATED BELOW!
NYSE:AMCLong
by FlyDownX
8