AMC: Top Gun 2 will boost stock!AMC
Intraday - We look to Buy a break of 14.80 (stop at 9.61)
Posted a Double Bottom formation. This is positive for sentiment and the uptrend has potential to return. A break of 14.50 is needed to confirm follow through bullish momentum. Further upside is expected.
Our profit targets will be 29.37 and 34.30
Resistance: 14.50 / 20.00 / 30.00
Support: 10.00 / 7.50 / 2.20
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Amcmovietheather
AMC Bullish! Alternate view in play from last weeks analysis...
We are still bullish on AMC, but however a slight change occurred when price broke below 12,72 meaning that the price is now completing a 11 swing sequence (WXYXZ) to the bottom of the channel and expecting to bounce from around the bluebox area of 8,30 and (not expected to go below the bluebox(5.23) from which we will invalidate our analysis).
MOASS or loss porn? An opinion on AMC Entertainment.Dear babbling smooth brained baboons of the interweb, it's your ol’ boy Magnus here!
I have come to present a case for AMC. I do believe we are about to witness the end of the “battle for $40” in the war of “The smooth brained simians vs. The hedgies“.
Now dear fellow, I know you have never seen such artistic magnificence before! But do stop licking the screen and allow us to move along, ei?
Well, as you can see. According to my most sophisticated calculations we should either MOASS or have lots and lots of epic loss porn for our ape brethren over at r/wallstreetbets before the year is out!
Disclaimer: This is not financial advice. It is an opinion. Magnus is not a financial advisor.
AMC moon soon?AMC has been forming a triangle for the past couple of weeks. Looking similar to the previous 500%+ pump. Taking the same candles and putting it in the future gives us an estimate of what would happen if history decides to repeat itself. Not a guarantee ofc but nice to keep in mind. Good luck traders!
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
⚠️ Let me know your feedback and comments below!
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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!!
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?
Too many similarities compared to the previous runup patternThe WHITE line pattern indicates AMC currently. The GREEN line pattern 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?
AMC is the sell-off imminent? Harmonious Gartley + Elliot wave German translation below
Symbol / name of the stock / time frame / trading place / currency / precision
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AMC / AMC Entertainment / daily chart / NYSE / USD / 1/1000
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Notice.
All texts as well as the notes and information in this idea do not represent any investment advice or recommendation to buy or sell securities according to (§ 85 WpHG).
Expressly again no buy / sell or hold recommendation no investment advice or the like.
You bear the sole risk for your actions.
As the name already says this is only an idea on my part the expressly not to the imitation call is.
Basis / starting points of this analysis
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All time low 1.910
All time high 72.620
On 05.08.2021, countermovement (wave A) at the 61.8% retracement.
RSI 65.30
XABCD Gartley Pattern
Elliot Waves
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XABCD Gartley
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X= 1.970
B= 72.620
C= 55.953
D= 17.061
X-B= 0.618
X-D= 0.786
A-C= 0.618
B-D= 1.44
C and D are still in execution!
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Elliot waves
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wave 1= 20.360
wave 2= 5.260
Wave 3= 72.620
Wave 4= 20.400 ?
Wave 5 ?
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Description of the idea
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1. after reaching the last all-time high and the formation of wave 3 on 02.06.2021 the price is in a correction phase (ABC) 0= 72.620 A = 28.910 B=? ( 55.829 - 63.322 ) C= ? ( 21.673 - 7.687)
2. on 05.08.2021 the price formed wave A at 28.910
3. with the formation of wave B, I expect in the range of 55,829 - 63,322 (Gartley C)
4. possibility of a short position in the area of wave B SL at 65,000 - 70,000 TP= 21,673 - 7,687 (consider CRV, risk and money management)
5. target areas of the downward movement:
Yellow = Harmonizes with the Elliot wave theory whereby 20,360 Optimally should not be undercut. XABCD Would not be in the range in perfection
Orange = Harmonizes with the Gartley formation, whereby 17,215 would perfect the formation. Elliot wave 4 would already be below wave 1 here.
Red = Lowest area for side D of the Gartley formation, Gartley and Elliot would not have performed Harmonious or Perfection in this area.
6. after reaching the target area of the downward movement, short positions should be closed, when leaving upwards from one of the target areas, long positions could be opened.
Since there is a very large margin here in the downward target range, one should watch closely here and think carefully about how to position.
One possibility here would be that one uses in each case the middle value of the respective area (yellow, orange, red) as an entry, and the spaces between the respective target areas as SL.
7. take profit zones:
The respective colored lines (Yellow Orange Red) in the Take Profit areas, are dependent on the respective entries, from the downward target areas. (Yellow = Yellow, Orange = Orange, Red = Red)
38.2% Range Take Profit Zone 1 32,492 - 41,232
61.8% Range Take Profit Zone 2 47,825 - 53,098
127% Range Take Profit Zone 3 86.257 - 90.144
8th Elliot waves 5 target areas:
Target 1 39,264
Target 2 52.899
Target 3 72,620
Target 4 86.746
Target 5 105.834
9. since the RSI did not fall in the oversold area of 30 on 05.08, my assumption is confirmed that in the target area of the current upward movement (Gartley C), the RSI will be in the oversold area and a strong sell-off will follow.
and a strong sell-off will follow.
I hope you liked the analysis, you should be of a different opinion, and or they have created their own analysis feel free to post it in the comments.
German Version
AMC steht der Abverkauf bevor? Harmonisch Gartley + Elliot Welle
Symbol / Name der Aktie / Zeitfenster / Handelsplatz / Währung / Präzision
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AMC / AMC Entertainment / Tageschart / NYSE / USD / 1/1000
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Hinweis!
Alle Texte sowie die Hinweise und Informationen in dieser Idee stellen keine Anlageberatung oder Empfehlung zum Kauf oder Verkauf von Wertpapieren nach (§ 85 WpHG) dar.
Ausdrücklich nochmal Keine Kauf / Verkauf oder Halte Empfehlung keine Anlage Beratung oder ähnliches.
Ihr tragt das alleinige Risiko für euer Handeln.
Wie der Name schon sagt ist dies lediglich eine Idee meinerseits die ausdrücklich nicht zur Nachahmung aufrufen soll.
Basis / Ausgangs Punkte dieser Analyse
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Allzeit Tief 1.910
Allzeit Hoch 72.620
Am 05.08.2021, Gegenbewegung (Welle A) am 61.8% Retracement.
RSI 65.30
XABCD Gartley Muster
Elliot Wellen
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XABCD Gartley
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X= 1.970
B= 72.620
C= 55.953
D= 17.061
X-B= 0.618
X-D= 0.786
A-C= 0.618
B-D= 1.44
C und D sind noch in der Ausführung!
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Elliot Wellen
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Welle 1= 20.360
Welle 2= 5.260
Welle 3= 72.620
Welle 4= 20.400?
Welle 5 ?
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Beschreibung der Idee
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1. Nach dem erreichen des Letzten Allzeit Hochs und die Bildung von Welle 3 am 02.06.2021 befindet sich der Kurs in einer Korrektur Phase (ABC) 0= 72.620 A = 28.910 B=? ( 55.829 - 63.322 ) C= ? ( 21.673 - 7.687)
2. Am 05.08.2021 Bildete der Kurs Welle A bei 28.910
3. Mit der Ausbildung von Welle B, rechne ich im Bereich von 55.829 - 63.322 (Gartley C)
4. Möglichkeit einer Short Position im Bereich von Welle B SL bei 65.000 - 70.000 TP= 21.673 - 7.687 (CRV, Risiko und Money Management beachten)
5. Zielbereiche der Abwärtsbewegung:
Gelb = Harmoniert mit der Elliot wellen Theorie wobei 20.360 Optimalerweise nicht unterschritten werden sollte. XABCD Wäre in dem Bereich nicht in Perfektion
Orange = Harmoniert mit der Gartley Formation, wobei 17.215 die Formation Perfektionieren würde. Elliot Welle 4 wäre hier bereits unter Welle 1
Rot = Tiefster Bereich für Seite D der Gartley Formation, Gartley und Elliot hätten in diesem Bereich keine Harmonische bzw Perfektionierte Ausübung geleistet.
6. Nach erreichen des Zielbereichs der Abwärtsbewegung, sollten Short Positionen geschlossen werden, beim verlassen nach oben aus einen der Zielbereiche könnten Long Positionen eröffnet werden.
Da hier im Abwärts Zielbereich ein sehr großer Spielraum herrscht, sollte man hier genau beobachten und sich genauestens überlegen wie man sich Positioniert.
Eine Möglichkeit hierbei wäre, dass man jeweils den Mittleren Wert des jeweiligen Bereiches (Gelb, Orange, Rot) als Einstieg nutzt, und die Zwischenräume zwischen den jeweiligen Zielbereichen als SL nutzt.
7. Take Profit Zonen:
Die jeweiligen Farbigen Linien (Gelb Orange Rot) in den Take Profit Bereichen, sind abhängig von den jeweiligen Einstiegen, aus den Abwärts Zielbereichen. (Gelb = Gelb, Orange = Orange, Rot = Rot)
38.2% Bereich Take Profit Zone 1 32.492 - 41.232
61.8% Bereich Take Profit Zone 2 47.825 - 53.098
127% Bereich Take Profit Zone 3 86.257 - 90.144
8. Elliot Wellen 5 Zielbereiche:
Ziel 1 39.264
Ziel 2 52.899
Ziel 3 72.620
Ziel 4 86.746
Ziel 5 105.834
9. Da der RSI am 05.08 nicht im Überverkauften Bereich von 30 gefallen ist, bekräftigt sich meine Vermutung das im Ziel Bereich der Aktuellen Aufwärtsbewegung (Gartley C), der RSI im über kauften Bereich sein
wird, und ein Starker Abverkauf folgt.
Ich hoffe Ihnen hat die Analyse gefallen, sollten Sie anderer Meinung sein, und oder haben sie eine eigene Analyse erstellt fühlen sie sich frei diese in den Kommentaren zu Posten.
AMC chance to break-even on cash flowAMC quarter revenue $444 million vs an estimate of $382 million,
adjusted loss per share $0.71 cents vs The Street expecting a loss per share of $0.93
Consolidated attendance was 22.1 million for Q2 compared to 100,000 year over year
But the real great news is that AMC has now the chance to break-even on cash flow!
They are burning less cash!
My target is the 40usd resistance.
AMC Entertainment retracement levels for a possible bounceOn the chart you can visualize better the 2 Fibonacci retracement levels from where we can see a potential bounce up and the strong support in the 16usd range.
All retracement have also the price targets on that arrows heading up after reaching the various support levels.
AMC in a tough spot. Is there any hope?AMC definitely not looking great. No matter how I try to see this, I don't feel like this is a super bullish chart? AMC got above 30B in Mcap after a major squeeze and was one of the meme stocks that did very well. In Market cap terms it was definitely the largest ever if I am not mistaken. The truth is that the short interest is still relatively high, but I don't think the previous squeeze was primarily a short squeeze. Currently at 18% of FF maybe AMC manages to have another push.
33-36$ 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.
AMC TO $89 +We’ve been in a consolidation block for the past couple of days. The 4HR Timeframe shows a clear Ascending triangle (lots of accumulation building , News catalysts and volume) getting ready for a huge break to the upside. Price is STILL respecting our upwards trendline giving great confluence that this is in fact a perfect time to buy. We got positions in other plays, but this one is high risk high reward.
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.