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Amcshortsqueeze

$AMC Update - In Depth Chart Analysis2 hour chart, will be interesting to see how this plays out tomorrow, very heavy resistance at the 161% retracement level, but if broken through and support at that level is shown, it can potentially mean the next fibonacci retracement zone being 57 - 90. MACD looks like it wants a reversal as well, so that gives me some further confidence for the Fibonacci levels and price action, and lastly, the ADX & DI Indicator showing convergence and consolidation within its range also signaling a bullish price swing. The second path I highlighted as well, just in case the resistance at that fibonacci level is too much, which in turn would knock the price down. Not saying this goes right back to $30, but the yellow highlighted horizontal support levels are important price levels to look for when looking for support, as well as a reversal. In my opinion, things are looking bullish to me on this chart, as well as 30 min and 15 min charts. Break out of this 57-58 Range and we have not only a fibonacci support zone now, but as well as a breakout from this pennant. GLTA
NYSE:AMCLong
by chartxzy
3
AMC BULLISH, ELLIOTT WAVE ANALYSISAMC looking to push upwards for a wave 5 in the future after some sideways consolidation for a wave 4. We are currently working on completing that wave 4 consolidation which could take some time, but overall looking for a high probability chance of pushing to the upside in the future. Going to be looking to buy into calls to target this upside. Entry is set to be around the 0.5-0.618 fib retracement zones from 30-38. Note that 4th waves can take time and can trap both bulls and bears, so be careful with the entry as the upside may not happen right away.
NYSE:AMCLong
by AnthonyW99
AMC - Breaking Historic Levels of ResistanceAMC broke its high set in the previous short squeeze back in January 27th. Unlike the price action back on late January, AMC is not in a short squeeze. There are still a huge number of shares being borrowed against AMC. We just need to keep holding and make it more expensive for these firms to bet against AMC. Before we see a meteoric rise, we must first break through the all-time high of 35.00+. A gamma squeeze is expected to occur when AMC breaks 40.00. After 40.00, there will be one last hoorah leading up to 50.00. I expect a massive short squeeze to begin when price crosses above 50.00. HODL!
NYSE:AMCLong
by TheDrivenTrader
1
AMC To The Moon 🚀 - Why AMC will go to $100 and BeyondIdea for AMC: - AMC's price action is nothing extraordinary, and the narrative surrounding it is quite literally BS to deter a natural and obvious short squeeze. - The price action tells it all... Analysis: - The crux of this short squeeze trade setup is that the Whales got greedy by shorting the bottom, and doubled down on shorts when they should have covered. - Most of the shorts' stops should have been hit in this breakout, but it is likely a whale doubled down on their shorts to defend their position from $20~. - There has been 2.5 years of accumulation for the bulls, in a harmonic spring (falling wedge) that has broken out, and we are now caught in a bull flag with the shorts doubling down... Even if price does not breakout in this test, there is too much energy to be stopped IMO! - It is clear where the whales' stops are: above $20 there is a liquidity zone to $36, and above that, $100 is very likely. Above that, even I don't know... 🚀🚀🚀 "He who sells what isn't his'n, must buy it back or go to prison." - Daniel Drew GLHF - DPT
NYSE:AMCLong
by UnknownUnicorn1043646
13