Amcshortsqueeze
Bullish Trend Continues for AMC | Breakout on the HorizonEven with the pathetic attempt to create FUD by the media and Iceberg "Research", AMC is still plowing through the bull flag. Observing the way it bounced off that bottom edge of the triangle makes me even bullish than I already was. AMC is NOT comfortable outside of the channel. Consolidation continues with a breakout to the upside on the horizon.
$AMC Still on Track. Coiling Up for Even Bigger BreakoutAMC is still perfectly navigating it's current channel through the textbook bull flag. Though it could break out sooner, the chart indicates it could consolidate up until July 13. Patience will pay off, as the longer this consolidates, the more momentum it will have to the upside. #AMCtoTheMoon
$AMC Priming for a Boom or Bust? AMC forming a nice bull flag on the 1D chart that I have been watching for a while. RSI on a 1D chart looking bullish IMO with an upward trend in RSI since January of this year. MACD Divergence and consolidation occurring on a 4HR chart, also giving me confidence of a significant move incoming. ADX & DI contractions are healthy signs especially considering we have respected the range of the bull flag with healthy consolidation. Assuming the bottom trendline of the pennant holds, as well as staying in bound with respective moving averages, looks like a pop or drop scenario, but I am definitely leaning towards the pop side, given the technicals. Reminds me of the GME consolidation phase after the pop to 485.
Few ways to play this depending on your risk tolerance, strangles would be nice plays if youre just looking for the volatility. Maybe vertical spreads if you want to take a conservative call option position. I am personally taking the bull side with near the money calls with the most gamma exposure which would be $60 strike calls. GLTA
AMC's Bullish Pennant Breakout ScenarioAMC has been consolidating for more than 3 weeks now.. we've found major support at the $50 level and continue to ride the waves. It is only a matter of time before this pennant breaks out. This isn't over just yet, we are priming up for something big very very soon.. and it always happen when we least expect it.
AMC is ready to break OUTWhen in doubt, zoom out! Hedgies are losing this. I recently read an article on Seeking Alpha so FUD-worthy, it's worth a look. Look up "AMC: An Open Letter To The Apes - The Stock Market And Reality" I buy more and HODL. We've created major support by consolidating between the 50s and 60s which is good for us, bad for hedgies! Not to mention AMC is discovering new price levels! There is a lot to celebrate here, apes. The moment AMC hits the 70s, we're outta here! AMC TO THE MOON 🦍🚀
AMC short to 30?I was certainly bullish for AMC to make another run for it on a break ~65 but as we see, that didn't last too long....
AMC has been trading in this rising wedge for awhile now and its bound to break out of it one way or another...I will be betting on the bearish way for this setup.
I know all the apes might hate me for this but I see this as a huge money making opportunity! Make money both ways you gorilla...
My ideal entry would be another bounce to 64.66 (78.6 fib) to load up on 7/16 50p!
PT1: 56.14
PT2: 49.75 (gap)
PT3: 31.81 (1D DEMAND)
AMC - LIQUIDITY RESTING ABOVE, STRONG MOVE POTENTIAL! 🦍🌕Technical Overview: -
ORIGINAL LONG POSITION:
Stay strong apes!
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Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
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STAY UPDATED BELOW!
AMC SQUEEZE IS AMONGST US!I COULD SMELL THE TENDIES IN THE AIRRRR!
THE SHORT ATTACKS DIDNT WORK!
FUD DIDNT WORK!
SCREWING WITH MARKET DATA DIDNT WORK!
WHEN WILL THESE OLD MEN LEARN?
WE ARE SMARTER AND HAVE NOTHING TO LOSE BUT TIME!
THEY ATTACK THE PRICE WE HODL!
IT SQUEEZES WE HODL!
GET READY TO SEE 4 DIGIT NUMBERS AND UP!
Clear Head & Shoulder pattern for AMCon the 30 min. chart for AMC, there is a clear head & shoulder pattern which was followed by an expected dip into today. AMC saw it's deepest dip in the first couple of hours of trading (down over 13%) but ended up clawing back some of those losses to end the day down only 6.5% and regaining the $55 level.