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Amcstonk

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.
NYSE:AMC
by BitcoinMacro
5
We're "Dumb Money", so why are we up 2,200%? 🧐💰Every time I hear "Fundamentals" being thrown around on Citadel-owned main stream media and news articles, I have to laugh. I buy another share. I get APEISH. 🦍🌕 This is simple supply and demand. As we see here, the ape gang is diamond-balling it to 60, a well-known resistance and we're about to smash through! If you check there is strong consolidation between 57 and 60, which is good for us. I smell a gamma squeeze comin' (how do we know? Look at the options chain and check the IV for how ppl feel about the stonk, demand is going 🆙). I like the stock the more I run into other apes. What we're experiencing is the market discovering new price action like a free market should. Other growth stocks have been so removed from fundamentals for a long time. And yet on the news its used to villify the retail trader. What a JOKE. LOL
NYSE:AMCLong
by Thanatoslogic
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.
NYSE:AMC
by Rotuma
1
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
HOLD on Apes/ AMC DIAMOND HANDSHello Guys, I would like to introduce to you my idea about the future of AMC. I am a holder of 10000 shares from 5.50$ and I am long till a minimum of 100$. After the last week, we got few red days including yesterday, but as an Elliott wave trader, I can see an opportunity to jump in, I think we reached the bottom. After carefully checked the Fibonacci lvls you can see that we bounced exactly for 61,8 for the 2nd wave of Elliot. The question is when we will start the Gamma Squeeze, maybe it will be on 19/3 ?!?, who knows. But in my opinion, the Gamma squeeze will be the 3 wave of the daily Elliot. till 17$ - 22 $ range, It all depends to us how long we will keep our Dimond hand. One more thing, we can see a cup and handle formation, if it is correct, the price will go to 17$ with it too. So as you can see we can make a 100% minimum till the end of march :) Just HOLD Guys, we can make it <3
NYSE:AMCLong
by Senko0
1