AMC UpdateChart posted 5-21-2021 8:35am We had a good ride down.. but still bullish. Prepare for new profits :)
Looks like we have new patterns forming inside the macro pattern. Direct your attention to the yellow pattern. Remember previous chart we had a massive bullish shark pattern form- we have been trading inside it- showing good support we now have some embedded harmonics of a bullish crab forming for the bearish crab.. this should ride up today up to 14 dollars if we do not see failure. significant POINTS- 12.15- 12.50 (bounce point for today)- UP TO 13.50 FOR SLIGHT CORRECTION.. THEN 14.00 TO FINISH THIS PATTERN. I suspect we get higher upside, but will revisit once we see things play out. Noted resistance point/ support at 13.18-13.20. Overall BULLISH.
Amclong
AMC to 20+?As requested this Super hot Ticker AMC is potentially getting ready in the next few weeks to get MASSIVE demand in the markets. We have an Ascending Triangle (Bullish Sentiment) that shows Rising volume and Accumulation. When accumulation occurs this is Means for a HUGE move in the triangles direction. it’s also supported being in the Golden zone as its fighting that zone of resistance that it broke through in the past. *OPINION*
Theaters are opening back up and it’s technically at a discount from historical data. I’m more long on this than sell. Buy limit above Golden zone ONCE breakout candle confirms distribution is in effect. You DONT want to get stuck in a choppy market . #Bless 📈
AMC still bullish than everSo we can see how the late Friday sell off has created a nicely shaped SHARK pattern. Now all you have to do is hang on for the ride... it will shake you out.. so prepare for some heavy ups and downs, but the overall move is UP. Lets see what happens. Support was at the 50 FIB so we should see price targets around the 16.00 mark before severe corrections.. Please note the last chart- this is a SUB HARMONIC pattern... not the MACRO.
Think about market consolidation and also think of AMC vs BTCA big reason that no one is talking about the reason why crypto has adjusted its price is kinda 2 fold. First off since the pandemic bit coin is up 1200 percent. you heard me 1200% there is not a stock on the market with this gain potential in years......But also alot of big whales have money connected to hedge funds as well as exposure to bitcoin......AMC is making them have to liquidate other assets to cover the coming losses on the short squeeze that will happen. Dont fret its a miniscule market adjustment not a crash ....As French Montana would say ....DONT PANIC.....If you look at the channel this will probably continue down to the mid 30's before returning back to higher highs.....the price has to cool off to sustain its drive upwards....nothing shoot completley straight up and because it has a high implied volatility the corrections will be more wild and larger than most assets on the market. Buy dips but also dont just sit there and watch yourself lose money weigh your fees of selling vs hodling and make the best choice.......
AMCAMC Entertainment Holdings Inc (NYSE:AMC) was a potential breakout candidate. It has since mounted an impressive rally. Congratulations to those in, or who have profited from AMC alert. To see a sustainable move going forward, the stock needs to consolidate here to weed out the sellers and get ready for the next move higher.
AMC pushing higher?AMC showing some pattern development that could be significant indicator of higher prices. We got our trusted Gann Lines- and the alternate harmonic patterns showing some reliable confirmation for upside potential. This kind of trade is not for the squeamish. Set your stops (to those people).. the price action could get jerky. However long term I see significant upside.
May the Fourth Be With YouToday's breakout is a very nice thing to see, but I think the real date to look out for is May 4th as we're a bit above the rim and we could come a wee bit down from here.
I'm thinking either that happens or we see this rocket really take off. Rumor has it that retail owns the float on this badboy, so if the price climbs those with short positions are really going to feel the heat.
We hodl.
Interesting how there were two trends going at the same time. I don't know what this means for AMC, but I see two upward trends happening at the same time here. There's some oscillation, but it's kind of unusual to see two develop like this. Typically, the less acute trend is the more reliable one, but you never know with a situation like this. AMC could go skyward at any moment. Whichever trend you think is the one that will end up being dominant, this is a bullish chart.
I believe AMC is going to be very interesting in the coming weeks. Hold onto your hats!
AMC Bullish Earnings ReportDue Diligence on AMC Entertainment Holdings, Inc.
Earnings report states theaters continue to reopen across the United States and internationally.
Many Americans are wanting to go back to the movies with their friends.
AMC has been oversold for essentially the entire year of 2020.
During lock-down restrictions their profits shrank to nearly 0.
Their website has been updated frequently in regards to streaming services.
Rumors about Amazon buyout of AMC in the future.
AMC continues to advance into a technology company investment.
The gigantic wedge breakout has much higher targets than the current price.
This is a long term hold, swing trade idea.
-------AMC LONG SCALP-------
Entry: Under $10.00
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Target 1: $12.00
Target 2: $15.00
Target 3: $20.00
Target 4: $35.00
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Happy Trading!
Going bananasAMC isn't getting as much institutional attention, and I think it's going to make a lot of people rich.
My prediction is a pullback at around 18 to 22, and then it'll really blow.
Similar to GME, there will be some dirty tricks to short ETFs that hold AMC shares, dark pool fuckery, all the stuff we've seen them do with GME already (and continue to). They can't do anything about the shares that retail investors refuse to sell, however. That's the word around the campfire and there just isn't a solution for that. If people buy and hold the people shorting eventually lose and have to buy in.
HOLD on Apes/ AMC DIAMOND HANDSHello Guys, I would like to introduce to you my idea about the future of AMC. I am a holder of 10000 shares from 5.50$ and I am long till a minimum of 100$.
After the last week, we got few red days including yesterday, but as an Elliott wave trader, I can see an opportunity to jump in, I think we reached the bottom. After carefully checked the Fibonacci lvls you can see that we bounced exactly for 61,8 for the 2nd wave of Elliot. The question is when we will start the Gamma Squeeze, maybe it will be on 19/3 ?!?, who knows. But in my opinion, the Gamma squeeze will be the 3 wave of the daily Elliot. till 17$ - 22 $ range, It all depends to us how long we will keep our Dimond hand.
One more thing, we can see a cup and handle formation, if it is correct, the price will go to 17$ with it too. So as you can see we can make a 100% minimum till the end of march :)
Just HOLD Guys, we can make it <3