#AMC Short Max Butterfly + Seapony + Gap Close
In this analysis, I have drawn a Max Butterfly as well as two Seapony variants, which could initially drop the price to approx. 27.29 - 21.44, and additionally close the gap at approx. 27.44 - 25.63.
Subsequently, I expect rising prices from 33.36, 40.94, 44.57, 52.91 to a maximum of 61.04.
If the range between 52.91 and 61.04 is reached, there is still the risk that the Gartley from the following analysis is confirmed or point C Formet and again falls to area D.
Amcsqueeze
AMC HOLDINGS - DAILY CHART - BULL FLAG BREAKOUT Amc holding - Daily chart - Now I am not the one to buy meme or hype stocks infact I would rather do the opposite and sell the hype but in the case of AMC holdings I can't help but notice these beautiful bullish patterns on signs of new demand on charts so Im expecting a explosive bullish continuation on this possibly even higher then the all time highs.
AMC's 3rd Squeeze PredictionAMC has been prepping for it's next squeeze for almost 5 months now. Short Interests is at all time highs meaning shorts have not covered and the technicals show bullish momentum starting to build up once again.
Some indicators that suggest the next squeeze is starting.. low volatility, low volume (increasing now), high short interest, pennant close to breaking out, and previous trend analysis.
My price target is taken from AMC's Speed Trendline & Fib Retracement levels which suggest the next squeeze will peak end of November at around the $150 area
Low/High Weekly Price Targets:
October 22 - $38/$48
October 29 - $42/$62
November 5 - $52/$80
November 12 - $73/$88
November 19 - $87/$104
November 26 - $96/$150
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 $50 Breakout Soon? 1 hr Chart
As you can see, we have previously seen a 5 wave move then breakout.
We may be repeating a similar 5 wave pattern.
Above $48 range there is much room for growth.
20 EMA Bullish Cross Above 50 EMA.
MACD showing weakening downside momentum. Looking to reverse soon.
DeMarker Indicator showing gaining strength and looking to breakout soon.
Please let me know what you think in the comments. All comments welcome. Thank you
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 Technical Update Chart is self explanatory, looking for support near this 161% retracement level, near $58 range. A solid green candle close above this level would indicate a new trading zone with squeeze momentum being the catalyst. New zone would bring the range between 58-90. Also a bull flag setup on the daily since the breakout towards $70. Expect this to retest ATH's.
AMC Trade setup for 14/6/2021AMC Trade setup for 14/6/2021
This trade setup is in the H1 price chart to try and eliminate the noise in the opening of trades.
AMC managed to hold both support at 40.92 and 43.70 in Thursday and Friday's session, identical with previous trading activities around the 4th and 5th of June, as indicated on the price chart above.
It is a strong indication that shorts are not able to push prices further down and could potentially be forced to get out and help an army of buyers drive prices back up.
The critical levels to watch are around 48.34, 46.58, 44.82, and 43.70. We might see prices continue up if it holds above 48.34 or pull back to test previous support indicated in the critical levels above. Keep an eye on the estimates of major levels in the solid lines.