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1AMC trade ideas

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. Remember to follow me to keep in touch with my analyses!
NYSE:AMC
by Nathan_The_Finance_Hydra
AMC - Bullish Trend to ContinueAMC price has moved back up into the mid $7 range after recently dipping below $6. This upward trend included a potential break-out on 11/11, and this upward trend is looking like it could continue based on technical indicators I watch. The regression trend midline as presented is providing support on the daily and prior to release of APE this stock had significant price support in the mid-$7 price range. Stoch RSI a tad high but has cooled off slightly, and the stock price could easily continue to move up from here. The Volume Accumulation % has turned bullish as buyers appear to be taking over and the MACD is about to flip above zero. The MACD going positive has resulted in substantial price gains the last two times it has occurred. Price may want to retest the break-out early next week. Will look at the Option chains on a back-test or pull back for a potential good options play next week. Will likely also look to add to shares. Given the overall chart dynamics, technical indicators, and a uber-resilient OBV, seems to be a fairly low risk entry. Further, have to wonder what the on-going demise of FTX and the associated AMC stock tokens traded on that exchange may have on the price. Not financial advice.
NYSE:AMCLong
by Akksujean
AMC: What if it CORRECTS? Watch these Key Points!• Since our last analysis on AMC (link below this post), it did a powerful around our support level at $5.47. In fact, AMC did a classic false breakout after earnings, just to squeeze the bears in a bear trap; • Now, AMC broke our target at $6.80, and it is doing a top sign just under the blue area, a key point that did work as a support/resistance in the past; • In theory, AMC is supposed to correct from here, and in this scenario, the retracements would be our next support levels; • The 50% at $6.80 (our previous support) seems to be the most powerful support, as it is a dual-support; • If it loses the 61.8% AMC could easily drop below $5.50 again; • Any bullish reaction near its retracements could present an opportunity to buy. Either way, if the bull trend resumes, the next resistance above the blue area is the $10.75. Remember to follow me to keep in touch with my analyses!
NYSE:AMC
by Nathan_The_Finance_Hydra
1
AMC Share to its Lowest Level Since 2021AMC's share price is on a zigzag path dominated by a sharp bearish tone in general. As the AMC share price reversed from the narrow ascending channel that extended from mid-October to the end of October, and now it continues to record its lowest levels during the current year. Meanwhile, AMC stock is trading below the short and long-term moving averages in a severe bearish sign. Now, on the daily chart, the RSI indicates that the AMC stock has now reversed a bit from the oversold area but it is still within the negative territory and we may witness more decline before rebounding from this area. Accordingly, if the AMC share price declines below the level of $5.17, we may witness a return to the price of the AMC share to levels we did not witness from the year 2021 at the level of $4.61. On the other hand, if the AMC share price managed to recover the $5.85 level, then we would target a return to the $7.25-8 level. While fundamentally, for the third quarter, AMC company incurred an adjusted loss per share of 22 cents versus 26 cents and revenue of $968 million vs. $961.1 million forecasted. According to Refinitiv survey.
NYSE:AMCShort
by SamerHa
AMC: Bullseye! What's next on AMC?• Since our last analysis on AMC, I warned about a top sign at $6.80 (link to my last analysis below this post); • Now, AMC hit our target with an astonishing precision, and we see some reaction. Could this be a bottom sign? Maybe. • It all depends on how it’ll react today, and earnings won’t make things easier. If it loses our support at the red line, AMC might retest the $3 area again; • However, it is trying to do a bullish candlestick today, indicating a possible bounce to our previous resistance at $6.80, and AMC would easily get there if earnings are good (or if the market perceive as good); • Either way, AMC looks good as it has plenty of upside/downside, regardless of what happens next. Let's just pay attention to the key support/resistance levels seen on the chart above; • I’ll keep you guys updated on this. Remember to follow me to keep in touch with my analyses!
NYSE:AMC
by Nathan_The_Finance_Hydra
2