AMC Friday $ Target we need to continue to hold our first support above 23$+, in order to confirm the breakout from our resistant around the 26.70$+, if we did we going to have a test for the 33$ price level .
on the other hand if the short are heavily shorted AMC , we might have breaking for the 23$ SP, but we need to hold above 19$+, to show us that AMC still in Bullish momentum to reload and retest the 26.70$, breakout zone the next week.
1AMC trade ideas
Buy AMC @ $15 Target $22 Nov 22, 2022AMC Entertainment Holdings
Old Dinosaur Pump and dump Stock
Technical Analysis
1. Showing Support @ $12.50
2. Break below support to $10.00
3. Bullrun set Resistance @ $18.40
4. Pull-back for ideal buy entry $15.00 or better
5. Target @ $22 Nov 22, 2022/ $30 dec 22, 2022
Fundamental Description
Find movies near you, view show times, watch movie trailers and buy movie tickets.
AMC Theatres has the newest movies near you.
Headquarters: Leawood, KS
Founded: 1920
President: Adam M. amctheatres.com
Subsidiaries: AMC Theatres, Odeon Cinemas Group, MORE
(For speculation Purpose only)
8/10/22 AMCAMC Entertainment Holdings, Inc. ( NYSE:AMC )
Sector: Consumer Services (Movies/Entertainment)
Market Capitalization: $12.233B
Current Price: $23.67
Breakout Price: $27.00
Buy Zone (Top/Bottom Range): $20.60-$14.20
Price Target: $33.00-$34.20 (1st), $40.60-$42.30 (2nd)
Estimated Duration to Target: 23-25d, 47-50d
Contract of Interest: $AMC 9/2/22 25c, $AMC 9/16/22 25c
Trade price as of publish date: $3.55/contract, $4.25/contract
AMC Next stop @ $33 APE STRONGAMC Next stop @ $33 APE STRONG
Think were headed up to $33 with Ease...
Might have a pitstop, probably due to a halt @ $33 where afterwards we form the handle and curve to the moon for crayons! IMO Not Financial advice If Everybody bought in, what could the hedgies do? ABSOLUTELY NOTHING HUUU LOL GOOD LUCK SEE YOU ON THE MOON FOR MOASS
DON‘T LET THEM CONFUSE YOUGood to go to the moon. Remember how the enemy moves! Divide and conquer. People fighting over which stock squeezes first/highest. What the pricetargets are. Confusion over the dividend. Just know, if you feel confused or worried it‘s because SOME WANTS YOU TO BE. Leave your emotions out the door because if this thing goes, you wont be able to make clear decisions. Make an exit plan. Some will sell too early, some will hold on with their dear life just to see the price hit XXXX and then tumble back down.
Know how much you need/want.
This is not a fundamentals game.
Stay focused. Stay Zen.
Don't worry, b..uy more.$AMC looks beautiful. Nothing goes up in a straight line. Think of it as serpentine roads up to the alps, where in our scenario the destination is the moon and the setting are burning hedge funds with their managers crying on the balcony while the retail investor makes big bank. Don't be foolish to sell right before the dividend! And compared to whats coming, this is NOTHING!
Stay strong. Stay zen.
AMC short AMC has made a full 76 retracement and this flags up the next short entry.
We also have the classic social signals of AMC attracting a lot of bullish attention. I've even had people show up to tell me I was wrong about AMC heading to 7 (I think I said this when it was over 50) even though I've not been talking about AMC short.
These are the types of things I like to see into 76s. Short AMC.
Crouching Tiger, Hidden DivergenceThings I like about longing AMC:
Bullish RSI divergences
An ~85% pullback from the lows around $2 and the highs around $70
Entertainment has thrived in past recessions
AMC shows are top notch
Potential to profit quickly due to short sellers and hype
I have my targets at $25 and $48...
AMC - based on divergence and volume, reforecast to $30 highGuys based on how this is shaping up, I am having to reforecast again after a much more detailed look.
I don't think we make a new high here. I fully believe we are going into an upthrust after distribution phase and will not make a new high. We are already diverging on one indicator, and I have a feeling we will on two separate indicators. and we will likely see a sharp top to $30 or close to it, followed by a sharp decline.
I highly urge all of you to not buy into this rally.
Sorry for the back and forth on the ideas, but closer inspection warranted a review of the plan.
AMC - Will the algos play in our favour?As seen in the chart, we can mark out historic fractals that look to repeat themseleves over different lengths of time.
Fractal theory has been around for a long time now and no moonshot predictions have come to fruition. This is soely my own theory and should not be taken as finacial advise!
- AMC has shown strength in holding the bold white trendline support from the lows of 2021.
- AMC has regained an important support level in the 14.50 region.
- AMC continues to improve fundamentally, we should have good earnings this quater with the amount of high grossing films that have released. Also a good start on debt payment and investment in other companies.
- Retail is still strong and continue to support and hold AMC stock.
Blue fractal box includes our march spike up to 33$, i believe this is the same move as the january squeeze but we were pinned back.
We are now in the purple box which follows Feb - end of March 2021. After this we have a small pullback from which we experience our next run. This also lines up with my wyckoff analysis on lower timeframes where we look to be in a micro SOS. Im hoping we continue our momentum up to 20$ before a small pullback which would be BU/LPS. From here we can experience a pop like June 2021.
PROBABLY WRONG, NOT FINANCIAL ADVICE, ALL MY OWN OPINION!!!
$50 is possibleWell, let me tell you what is going to happen, $AMC is going to $50, the dividend $APE share announcement will make this going to ths starts for the same people that was stopping it just because if this doesn't happen before August 19 the will have to pay to all the synthetic shares the dividend. They will send this high to see a lot of people selling and getting out.
AMC GME MEME KOSS composite trend shown on the chart with a rise since August 1
and a history of similar in late March
SPY for comparison is shown on the black line
In March the " composite index" doubled
for a 100% return in two weeks.
Comparing the five days of volume this past
week with the first five days of volume in
the March episode shows a similar uptrend.
Could this be repeated in the upcoming weeks?
( Go Apes !!!)
AMC READY TO MAKE MASSIVE MOVES UP AND DOWN - REFORECASTFrom my previously charted forecast for AMC (see related ideas) I picked up on another distribution cycle playing out and realized that the secondary test (ST) phase can correspond with the Upthrust of the green distribution trading range.
If you're not familiar with accumulation and distribution, I strongly encourage researching Wyckoff's work to gain a better understanding of these cycles and terms. From what I'm seeing, we should NOT make a new ATH on AMC, but get priced wedge right in the middle of $65 and right below ATH.
IF however, we make a new ATH, I will have to go back to the drawing board on this theory and reconfigure the situation. For now, I'm pretty happy with the models and how they're interacting with each other. I believe that this move up to the high $65 range will be very quick and very unsustained. It will "shock" the retail traders into pushing themselves into long positions expecting a parabolic move higher and have the carpets immediately removed right underneath them by plunging prices.
This strong move up will be had likely by in between the start of September into mid-October. We will obviously build up to that. Just remember that the LONG TERM situation for AMC is still extremely bearish heading back towards the sub $10> range, you should try to align yourselves with this potential move and have a plan to QUICKLY sell off and try to short AMC stock afterwards.
If we make a new ATH, close short position to recalibrate.
AMC getting ready to make some LARGE moves...To be clear, I am in a SHORT term bullish mindset. Although my belief is that we should go back down to somewhere around $16-$17 before hitting an apx $40 range target. Now... This could be anywhere from $35-$52 to be clear.
But one thing is for certain... It is meant to liquidate heavily shorted positions, or scare them out of their positions. Also meant to attract bulls by making it appear as a strong move to the upside, breaking above the long term descending channel from ATH (for the 3rd time in a row may I add), and attracting bulls by creating the illusion of a possible parabolic move ABOVE the still forming ascending channel in the short term.
I think this is a perfect set up for a market driven scenario for maximum losses to those entering the market, or thinking they are safe in short positions and not knowing that their wallets will just get tested here or liquidated on the sharp move up.
We are definitely in what appears to be a mature distribution range, and by the looks of it, another one is setting up as well. We will have confirmation of BOTH patterns if/when AMC drops below $7.
I believe it is a high likelihood we could see sub $3 prices before making new ATHs again later on. Thus for the next few months, I will be straddling a bearish position waiting for price objective before entering a MASSIVE long position to catch the correction back up.
AMCI find the price was walking in a descending channel and broke it and retested the break. I find the price is now at an important level 22.18. If it manages to adapt above it, it means more upside for the market. The levels expected to reach it, provided the above is achieved.
24.97
29.04
32.07
35.73