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AMC - UPDATED PREDICTION 2 SCENARIOS - WHERE IS THE BIG $$All, I think simply one of two things happen. Scenario #1: -we hold the uptrend and break up to retest 68-72 and possibly go to new highs -we are entering somewhat of a squeeze (bollinger band not hedges lmfao) -- hitting channels on multiple timframes Scenario #2: -we crash below uptrend support again (already lost a few tight uptrends) -we then crash and hopefully hold a falling wedge sharply down into the low 40s (still needing to create a HL) this will not only cause a divergence most likely but be a very explosive breakout. Will update later with additional thoughts.
NYSE:AMCLong
by DigitalData
3
Make or Break Resistance PLTRPLTR is back at another high-traffic area of resistance. There's been lots of accumulation between $24 and $25 over the last week or so. But I have a feeling if it can bust through this level, we might see it go back to retest the lower fib. If it can, though, I'm hoping that the next fib higher around $27 is the mark. I currently have a position in the $24 calls expiring July 16th so we'll see if some momo can't squeeze outta this between now and the next few weeks. Obviously, would love to see $26 tested first. Anyone else have thoughts on the 1-month outlook? Has gotten caught up in some of the meme stocks hype but not full ape lol. Also had some good news from the CDC renewal this week.
P
by PennyStocks101
AMC Breaking out on Fibbonacci ExtensionsLast hour of pre-market trading on 28th May has a long wick at the top. Initially I drew fibbonnaci retracement line from the top of that down to 24th may on the hourly. Those retracement levels I indicated on the blue lines. Now however it seems to be obeying the levels if you move the retracement line to the closing price on the same hour. Next breakout would be around 68.95 to look out for tomorrow. I'm bearish on it as its influenced heavily by wallstreetbets, and first pump on the original meme stock GME was shortlived with a timespan of around 15 days.
NYSE:AMCShort
by sevensevenseven777
2
AMC might close above $80Momentum is on its side and whispers are that the shorts have actually been leaning into the short and sizing up hoping that the retail traders have "paper hands". If retail holds, continues the frenzy, the new short positions will have to cover. Not sure who in their right mind would lean into that short but it's contrary to what happened with GME where they got out of their shorts as it went up. No value, just a momentum and short squeeze play. probably best to play it through options so you don't get stuck with stock. Psychologically we always want to see the next round number. Unusual activity in the $73 call options so I think it shoots to $80 briefly after it gets back to its intraday high of 72.62
NYSE:AMC
by EBITDAtiger
Current Market StructureIf bitcoin could resume uppy so I don't have to make bear/bull cases everyday on every TF, that would be great. My meme object tree makes no sense anymore. Should have sold in may and gone away. EDIT: That chart is a bit of a meme but its quite clear, distribution, lost range, bear pennant under range (retest), most likely a move downward again, if it's not a bear pennant, the trading channel is still downward till proven other wise, ichi's lagging line is in the middle of price action (means trend is weak) and the only bull case I can make is accumulation and that still would require more lows
COINBASE:BTCUSD
by swarlsdotexe