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AMC Entertainment Holdings, IncAMC Entertainment Holdings, IncAMC Entertainment Holdings, Inc

AMC Entertainment Holdings, Inc

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AMC trade ideas

AMC: A top sign! What it takes for it to reverse?• AMC is in a resistance área made by the 21 ema and the black line at $6.80 – which was a previous support level multiple times in the past, now it is working as a resistance, following the Principle of Polarity; • In addition, we see a top sign, as yesterday it did a Shooting Star candlestick pattern, and today it is doing another bearish candlestick; • If AMC loses yesterday’s low it might drop again to the previous support at $5.47 (red line), resuming the bear trend; • By losing the $5.47, the next stop would be only at $5 area; • Could AMC avoid this scenario? Yes, if it reacts quickly and breaks the dual-resistance area made by the 21 ema/black line – preferably closing above it; • This could reverse the trend in the short-term to the $8.15, our next resistance; • Since we have earnings in 12 days, this could enhance the upside (or downside), depending on how the market reacts to the results. Remember to follow me to keep in touch with my analyses!
NYSE:AMC
by Nathan_The_Finance_Hydra
AMC | InformativeNYSE:AMC we have two possibilities: 1- RSI is low, it's in oversold territory, and volume on the last session was more than average, so I expect a bounce up like a dead cat bounce for adjusting the indicators. If it breaks 21.07$, it can hit 23$ or 24$ as the target price. 2- It can continue bearish price action and hit the following support levels; this idea is valid if it loses 20.03$, then the next immediate targets are 17$ as minor support and 15$ as significant support, I expect it hits 7$ eventually. But we will see. I flow with the market at the moment; there are many uncertainties. *This is my idea and could be wrong 100%
NYSE:AMC
by shkspr
6
$AMC: Long Target 24.64$⚡Inverse Head & Shoulders Pattern forming? ⚡Neckline resistance 13.5$ Supported by Ichimoku Cloud resistance ⚡Bearish Divergence on the MFI, watch for a bounce at the 5.85$ area (huge liquidity zone) ⚡To confirm the Inverse Head & Shoulders Pattern a break of EMA 1 resistance is needed (8.6$ along with EMA 2 resistance, 10$) ⚡Strong VPVR resistance to the 12$ level ⚡Target of the Inverted Head & Shoulders i 24.64$ measured from the head to the top of the neckline ⚡Confirmation of this pattern is once the Ichimoku Cloud is broken forming a right shoulder (engulfing volume) *WARNING* This thread is not financial advice. I am not a financial advisor.
NYSE:AMCLong
by Patriick2jz
5
AMC: Range trading! What if it breaks this congestion?• Since our last analysis, AMC has been just doing some range trading, trading above our support at $6.80, but below the 21 ema (the link to my last analysis is below this post); • It seems we have another resistance to work with, the $7.89 (Sep 07 low, yesterday’s high). Along with the 21 ema, this creates a dual-resistance price area; • AMC will only engage in a bullish momentum if it breaks this dual-resistance area, as long as it trades below it, nothing new will happen; • In addition, the $6.80 is still our main support, and only if AMC loses it (and close below this point), we’ll see the continuation of the bearish sentiment, and the next target would be the $5.96; • Either way, AMC looks interesting, but it must do a breakout from this congestion first; I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
NYSE:AMC
by Nathan_The_Finance_Hydra
AMC: Above its support level again!• AMC looks quite resilient since our last analysis on it; • Although it did a bottom sign last week, AMC couldn’t trigger the reversal pattern. However, the support level we mentioned at $6.80 is still working, as at any moment AMC closed a candlestick under this line; • Since it is retesting this support for the second time, this could be a Double Bottom chart pattern; • Either way, AMC must break the $7.89 in order to truly reverse, as this will frustrate the previous H&S chart pattern, and the target would be the previous top at the second shoulder, around $10.74; • If AMC loses its support at $6.80 again, then it’ll probably seek the next support levels (red lines); • Would be good to see the volume increasing to confirm any bullish reversal; I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
NYSE:AMC
by Nathan_The_Finance_Hydra