AMC bull pennant still in playAll things considered, we didn't do to bad today. Next week will be crucial with how things play out with this new covid variant. But the good news is major support levels held and we closed within the pennant. If you see a defined break below these levels, I would be looking for an exit strategy. If it holds, well...hodl.
Amcstonk
LBFOAT (LARGEST BULL FLAG OF ALL TIME) NEARING COMPLETION.When in doubt, zoom out. Never ever in my life have I seen a more bullish monthly chart. AMC must test $38 one more time, possibly with the most volume we have ever seen, really depends on how much liquidity hedge funds still have. An artificial intelligence-based portfolio that outperforms the S&P with no human input just today sold Facebook and Wal-Mart and went long on AMC. Must I say more? AI is the future. Patience fellow apes. Only a waiting game. HODL. 8. 01 . NOT FINANCIAL ADVICE.
$AMC WILL RETEST ATH SOON! $AMC Every time the 20 and 50 Moving Averages cross on the daily chart AMC has created new ATHs.. After the break of $72 $AMC melted and bounced back to form a George W Pattern on the Daily. Get ready to see a break of the GW neck line around $52 then a retest of $72!!
See you at the LAMBO dealership APES!!
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
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AMC (Breakout to $73.00)AMC is trading within a symmetrical triangle/large bull flag pattern (blue triangle/yellow lines.)
The relative strength index is trending down (signaling an impending breakout).
Pink circles indicate touches on the trendlines.
Price target (within reason) is the previous high of $73.00 (green dotted line).
*the bull flag doesn't meet ALL of the requirements (but price is still showing a possible uptrend).*
#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.
AMC (Breakout Deadline)AMC is attempting to breakout of a Symmetrical Triangle, with the relative strength index trending down overall.
Taking a copied Bars Pattern that has similar R.S.I Patterns leading to the downtrend currently.
For example: January 27th, 2021 to June 02, 2021 (the breakout) and adjusting the pattern, several scenarios will provide options.
This pattern is also the one leading to the upward breakout to the symmetrical triangle.
The red-bars are a very unlikely scenario, since it would mean a breakout to the downside (still a possibility though). However, it would mean a breakout to the upside next year (also unlikely to follow exact).
Price is more likely to follow the black-bars, with a small chance of a downside breakout (orange bars).
The deadline (green box) for either breakout would be October 28th, 2021 (Friday). Unlikely to extend out till Mid November, but there's still a possibility of price trading within the green box, so a breakout could occur Monday-November 1st 2021.
The likely scenario is for the relative strength index to bottom out at 30% (allowing a breakout to the upside). Expect the R.S.I to rise up with the
purple parallel lines, similar to previous patterns in the purple parallel lines. Additionally, there is a small gap (almost touch) on the purple lines leading to the breakout on the previous patterns.
Possible selling point Mid November, with a small window to buy back in sometime in December (depending on pricing patterns at that time).
AMC (Buy before the Breakout).AMC is at a low of $35.95 (pre-market).
Placing an order at or near pre-market will assure the lowest price before the breakout.
A breakout of nearly 30% by weeks end is within reason by placing a bars pattern (black bars) copied from: September 13th, to September 20th. The key is FLIPPING the price trend, this would also account for the R.S.I reaching or getting near the 30% marker or crossing the red trendline (resistance). Divergence on the relative strength index would be ideal, staying BELOW the red line.
Possible trading could be predicted by placing a copied bars pattern from September 30th to October 26th (purple bars).
Extended redlines from the symmetrical triangle can be used as support-lines.
*This should be seen STRICLY as a Trading Journal, and not any kind of real Trading Advise.*
related AMC published idea linked below:
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!!
AMC STOCK- I believe this is how the next move up will be.So basically I used bar pattern and traced it from March-June rup up. It matches perfectly to where we are at right now. Also kinda interesting that Elliot wave theory corresponds perfectly to where the bar pattern follows. (look at 1.61% and 2.61% fib tracement). So I believe that it will go to somewhat mid 40's, goes back down, and then touches low 50's again. Dips a little, and then the fifth wave begins (of macro 5) which it will gamma squeeze somewhere around 200.
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 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.
diamond hands. WE THE PEOPLE HODL. Volume finally broke out today. We need that 136 million volume every hour not every day! AMC must test the monthly trend line support of $31.40, that is where I believe the bottom of the flag is. We broke out of a massive triangle but if AMC bounces hard off around this $31 area, it would appear that the triangle was actually much MUCH larger than we thought possible. Which is incredibly bullish considering what a solid breakout in this chart would do. ALL TIME HIGHS of a household name are still only 100% away? Absolute trash stocks get pumped 1000% every week. This is no pump and dump, this is half a year in the making. We are trending on twitter almost everyday, this is the most popular stock everywhere! And you mean to tell me that we only did 136 million volume down 15%? COME ON! I will continue HODL my xxx shares and add to my position every week. Up/down, couldn't care less. Apes strong. What can I say? I like the stonk. Not financial advice. $AMC #AMC