AMC trade ideas
The bearish Elliot waves prevail When I presented forecasts of bear markets on the memes in 2021, I was routinely met with reasons as to why TA would not be applicable on these. It was a brave new world we were in (Which was the warning bad stuff was coming).
Despite all the reasons proposed for why these would not following charting norms, the basic Elliot wave bearish cycle has played out almost perfectly in AMC.
See original.
Gann square and fansI made speed fans a while ago for this but I recently make a gann square and speed fan and mirrored it facing the other way for 2023
Meme Basket Found - AMC CHPT COIN DT F FIVN GME GRAB HOOD LUMNTo add a good approximation of what the current meme basket looks like just copy this and add it as a new symbol.
AMC+CHPT+COIN+DT+F+FIVN+GME+GRAB+HOOD+LUMN
This is the current basket and someone's sold $166 mil worth of spreads ranging between $0.4 up to $6.3 in spread on this basket on the 7'th of Dec and 15'th of Nov. There's around 78 transactions worth $2m each done in quick succession on those dates.
Here's the stocks that are part of this basket:
AMC
CHPT
COIN
DT
F
FIVN
GME
GRAB
HOOD
LUMN
This isn't that good because HOOD is part of the basket and so is AMC (which we all kinda knew). But because HOOD is part of this basket and FTX's was hoarding HOOD shares that may be sold off in the market (hopefully will be sold in a block trade auction instead), if those HOOD shares are sold at market value, they'll tank the whole basket. Regardless, even if sold algorithmically, those HOOD shares are going to have a decently big effect on the basket (Price go down).
This is a weird basket with lots of mixed sectors... All i can say is that there's a falling wedge which indicates that something may start occuring in Feb just in time on Feb 21 for the quarterly meme run. Hopefully the whole market doesn't decide to correct again on that date like it has the past few cycles specifically on that EXACT day out of coincidence...
Found this swap in the DTCC- SEC swap depository online as this is something i've been tracking for a bit over a year now. Since a month ago SWAPS are reported with a lot more and useful information and the full meme basket name is now visible basically.
Billions of shares sold short, market manipulation, and CitadelOver the past few months, the AMC/APE craze has been underway, with plenty of retail investors spamming various social networks and prompting others to buy the company’s shares. As per the information in tweets, memes, and messages, this retail investors’ uprising aimed to bring down hedge funds, with the central target being Citadel.
There were numerous instances during this time when people claimed the price of shares would burst into multiples if all investors stuck together and continued buying collectively, not allowing hedge funds to buy shares and close their short position (leading to their downfall). In fact, during this period, we encountered numerous statements about billions of shares being sold short. Meanwhile, only about 513 million shares were outstanding for AMC and 519 million for APE in the third quarter of 2022. At the same time, the short interest on AMC shares amounted to approximately 20%, with 101 million shares being sold short; and only 33.5 million shares of APE being sold short.
These figures obviously deviate too far from what the retail narrative promotes. Furthermore, many people promoting this narrative and encouraging others to buy shares do not seem to realize what they are doing might be potentially criminal and classified as market manipulation. Furthermore, a lot of information concerning the whole craze is entirely wrong. Many people seem confused about “wrapped-AMC token” with over 8 000 000 000 000 000 in supply being related to the AMC company. However, anyone can create a token and name it “AMC token,” regardless of whether it is associated with the company. As for Citadel, we have failed to find any disclosure of their short position on AMC/APE during the respected period.
In our series of tweets last month, we warned that the regulator has most likely learned a lesson from 2021 and would step in and halt trading if buying activity picked up significantly. Shortly after that, that is what occurred when the regulator poured cold water on the rally with a temporary halt to trading. Year to date, shares of AMC are down approximately 70%, which is far away from what was promised by those shouting “buy and hold.” Therefore, this whole situation should serve as a reminder of being cautious about what you see and listen to. Always do your due diligence.
Illustration 1.01
In the 2021 meme stock hysteria, shares of AMC jumped up as high as 44.61$.
Please feel free to express your ideas and thoughts in the comment section. Additionally, if you have more information on this topic, feel welcome to share it with us.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
AMC $ Bottom 2022we about to visit an important bottom above the 3.33$+, but first we going to see buying pressure above the 3.90$ to go totes the near the resistant 4.70$, if we got rejected it's means the short in control and price will keep going down to the 3.33$ bottom .
AMC AnalysisPrice has taken out liquidity built in April 2021 as targeted a few months back in my previous analyses. Price has recently taken external liquidity and I'm expecting price to retrace back into the bearish POI at 9.15 next.
AMC | Its That Time of Year | LONGAMC Entertainment Holdings, Inc., through its subsidiaries, engages in the theatrical exhibition business. The company owns, operates, or has interests in theatres in the United States and Europe. As of March 1, 2022, it operated approximately 950 theatres and 10,600 screens. The company was founded in 1920 and is headquartered in Leawood, Kansas.
AMC ready to fade. Too Much Big Short Money to OvercomeI like the theory of beating the Hedge Funds and their over capitalized naked shorts
but the reality of the markets is that they exist to hurt us (the poor and middle class).
I'm expecting a fake breakout sometime between now and Christmas, this will pull in a final round of suckers.
then going into the new year, this will print a definitive new lower low on a ton of volume.
The AMC Movie Theatre business fundamentals don't matter at all, this is a meme asset that is narrative and emotion driven only
AMC: Hit our CRITICAL SUPPORT LEVEL! What to expect from here?• AMC hit our support level at $5.05, which I mentioned in our previous post, here on Tradingview (link below this analysis);
• Now, it seems it is stabilizing, but we don’t see any bottom sign yet (not confirmed, at least);
• If AMC does a bullish reaction above this support, we can expect a bounce, at least, to the 21 ema in the daily chart;
• A bullish reaction could be any bullish candlestick pattern/structure above this key support;
• On the other hand, if it fails in react around the $5 support, AMC would seek the next support around $3;
• Either way, AMC is in a critical situation, and it is an interesting to put on our watch list, as regardless of what happens, it has a lot of potential;
• So far, AMC’s movements have been easy to read. I’ll keep you posted on this.
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AMC Bottom $ we have one level to confirm the bearish or the bullish control which is the level 7.10$, if we never over come this resistant, we going to see test for the 2 support levels around the 4.50$ and 3.33$.
however if we broke the 7.10$and held above this time , we going to have a bullish momentum to take us till the 10$ and to squeeze price for amc which is above the 18$+.
AMC AnalysisPrice has been playing out nicely according to my analysis. Price took out buy-side liquidity before taking the sell-side liquidity, to mitigate the current bullish POI at 5.05. If price wants to go higher, this bullish POI will be respected and we would see at least a reaction into the newly formed bearish POI at 6.96. I'm expecting price to do a bullish retracement from here anyway.
AMC + APE double bottom plus divergenceTitle speaks for itself. If AMC is worth AMC + APE, then it's forming a nice double bottom with bullish divergence in MAC D and RSI.
Good luck out there.
AMC: Triggered our REVERSAL SIGN! What’s next?• In our last analysis, we nailed the top on AMC, as it triggered its key reversal points. In addition, it is way below our original target – the link to my previous public analysis is below this idea;
• Now, AMC lost our first target (21 ema, daily chart), and it ignored all of its retracements, including the 61.8%, the last mid-term support level;
• Is there any bullish reaction on AMC? Not at all. What’s more, even if it reacts, the 21 ema and the black line at $6.80 are key resistances, and AMC could just bounce to this level to drop again afterwards, since there’s no clear bullish reversal structure on it;
• The next support is at $5.05, and if we don’t see any meaningful bullish bottom sign, that’s where we are heading to;
• What kind of bullish reaction on AMC could make it bounce again? If it does a bullish candlestick closing above the previous day’s high. This would be a good start. I’ll keep you posted on this.
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AMC - Rejected at 200 SMAAMC - Rejected at 200 SMA. I expect short term retraction to 50 EMA and second push towards 200 SMA, if it breaks 200 SMA, high chances reaching top of the channel.
AMC Entertainment Faces Steep Drop Below $10Without securing price action above $60 during the pending upside swing, AMC faces a very steep drop below $10, more likely to find support near $5. Considering the trending upside move and its 3 wave structure, this eliminates the possibility of AMC being in true impulsive form.
AMC: We nailed the BOTTOM! What to expect next on it?• Last week, we nailed the bottom level on AMC, and it exploded since then, as it broke our resistance at the blue area – the link to my previous public analysis on AMC is below this post, as usual;
• Now, AMC is in a short/mid-term bull trend, doing higher highs/lows in the 1h/D charts;
• Since it is a bull trend, in theory, it is heading to the next resistance at $10.75, as we already mentioned last week (last week we hit $9.15);
• Although the trend is bullish, it seems AMC is doing a pullback, and in this case, the 21 ema in the 1h chart along with the blue area are going to work as support levels;
• What if AMC loses the blue area? Then it’ll probably seek the 21 ema in the daily chart around $7.30s;
• For now, AMC has been behaving as expected. I’ll keep you updated on this.
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AMC Setting up for pullback scalp on lower time frames.AMC seems a bit overextended here and I think this tweezer top pattern is a sign of a local top. I think we can go down back into the consolidation zone for now. I don't expect AMC to moon unless the general market holds stable. Not financial advice, DYOR
AMC Bullish setupOn 4H $AMC shows a bullish flag. If we do not face new short attack, the possibility of staying above 200MA on 4H is very likely.
On the daily timeframe, we are still below 200MA. At this point 200MA acts like a major resistance.
I say we will test 9$ very soon.
AMC AnalysisPrice is consolidating in this tight range, building both buy-side and sell-side liquidity. I'm expecting price to take out the buy-side liquidity and to trap buyers first before heading down to take the sell-side liquidity, as well as to mitigate the bullish POI at 5.05.
AMC - I'm Saying There's A ChanceIf we can hold support on these higher time frames and stay within or above my green consolidation zone I think there's a good chance we can move towards that horizonal target. If we can break the sloping resistance I think we can see higher prices. Not financial advice. DYOR
AMC: The MOST IMPORTANT support levels to work with!• Since our last analysis, AMC has been respecting the 38.2% retracement. It hit the retracement at least 5 times in the past two weeks;
• Originally, I thought the 50% was the most powerful support (after all, it is a dual-support level), but the 38.2% is a dual support level too, as the 21 ema finally got there;
• This is a classic time correction, when the price moves sideways, until the 21 ema catches up with it. This is different than a price correction, when the price drops to hit its previous support levels;
• All of this means that AMC is quite resilient, and as long as it stays above its retracements, the bullish bias will persist – only if it loses the 61.8% I see it below $5 again;
• Right now, the key resistance is the blue area. By breaking this ceiling, AMC would seek the next target, around $10 again. I’ll keep you updated on this.
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AMC Bull Flag BREAKOUTAMC has finally broken out of a multi-day bull flag and is headed to $10 or higher. 12/2 $10 calls is what I would buy and I’d sell at one of the Fibonacci take-profits targets or a solid reversal on the 15m chart with Heikin Ashi Candles next Week or Friday. Enjoy‼️
