AMC BULLISH BOUNCE INCOMING!(15 MINUTE CHART)
Based on past trends we have bounced off the support line in these price areas.
We could see +$56 very soon based on current estimates.
MACD has been showing a cool off on downtrend creating lower highs.
RSI EXTREMELY oversold, which indicates a breakout should appear to upside.
My current short term price estimate is above +$55.
We know how high this stock can really go.
AMC trade ideas
$AMC Commencing Lift Off...🚀 Why has AMC been down?
AMC Entertainment's stock price plummeted after the company prepared for a stock conversion. This event might have caused uncertainty among investors, leading to a sell-off. AMC Entertainment's stock took a significant hit after a court approved the company's APE share conversion plan. One of the reasons for AMC's stock drop was due to share dilution resulting from the APE conversion.
How to Make Money
-65% in a week is irrational, from $35.56 to $12.40.
-It is likely we see an upside, as confirmation of $10.50 support level is proven based on previous bounces from 2020 - 2021 leading up to the huge squeeze to our current price of $393.63.
AMC, December 2024Close one, with the timing of the Debt for Equity at 5.66, GO plan, big box office movies and a peaking stock market, there's a bullish lotto play short term with at least a 100% returns. Up to the $9 - $13 range. Could last until January, but we all know AMC runs quickly, then falls as quick. The reason for that fall would likely be economic conditions getting worse and the market finally falling.
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It is safe to assume that AMC will also feel the effect of a recession although it has proven in the past that it could care less (check out defunct symbol : AEN, October 2000).
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Still it is wise to remain cautious and expect rejection near $11 and be ready to catch the dip. As AMC is poised to recover along with the movie business through 2025 - 2029.
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If their mission is successful and AMC can survive through harsh months coming up, then this ticker will play a major role in a potential movie bubble that is brewing.
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Nothing is guaranteed, there is always a lot of risks investing in non-profitable and debt ridden companies. Thankfully AMC has seen a slow but solid return to balance sheet cleanliness.
Less expenses, more streams of revenues and debt is being pushed out and actively paid.
There are probably more rounds of dilution coming up along the way, this is when you should have your cash ready. Because when the box-office numbers start popping up again and resume their pre COVID climb, AMC won't spend much more time down there.
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This is not financial advice.
FINAL THEORY - AMC Short Squeeze The fractal stayed the same, the only thing that expanded was the overall market. Expanding the fractal.
Everyone and there moms are paying attention to GME but no one is paying attention to AMC.
My philosophy is "BUY where no one is buying"
AMC will hit those 40's in one candle.
AMC: Skyrocketing Potential AheadSince bottoming at $4.17, AMC surged to a peak of $4.87, completing five impulsive waves. Wave 4 formed a complex contracting triangle before wave 5 topped at $4.87 around 6:30 PM London time. From this peak, AMC experienced a sharp correction, likely bottoming near $4.26. From here, our analysis points to a significant rally, breaking above the $5 mark, with long-term projections targeting the $20 range. AMC’s bullish trajectory continues to gain momentum for the months ahead.
AMC - FINAL THEORY UPDATE Assuming that this fractal extended (meaning it is not wrong)
then AMC will be a monster of a short squeeze.
My plan is to go heavy on the Nov 22 calls, sell at its peak and wait for the retracement so that i can get the december calls.
I believe we are on the verge or witnessing a move that happens so fast that no one will see it coming!
The only way this fractal extends once more is if price drops back down again to where it started. Basically making a while upside down "U"
I will be ready. Apes be ready!