AMC LongAMC is still on track for a B wave after this nasty day in the market. Would continue to add too positions.
1AMC trade ideas
AMC missing 0.681 fib level by 4 centsAMC hit today the 0.618 fib level, respectively missed it by 4 cents. My prediction for wave 3 is the move into the $41.80 range in the next 5 trading days. By the way the RSI is cooling off and the price is dropping while volume is also dropping, absolute bullish!
Make or break time ! lets go to the moon!!AMC approaching important pivot area! if it can hold above and bounce the party is not over and I may get back in for a short swing!
if we break below 18.57 we will most likely see a lot more downside! goodluck ape gang! ;)
Planet Of The Apes - The MemeficationPretty obviously memeficated stock. Markets are starting their engines and testing the waters again.
TP1 45$
TP2 NEW ATH 100$
Anything beyond that would be unlikely but not impossible. We know what memefication can do to assets.
AMC head and shoulder & filling the gapTHERE IS A 30¢ GAP FROM $20.55 TO $20.25
RIGHT IN THE MIDDLE OF THAT GAP IS THE JAN 27TH RESISTANCE $20.36 NOW SUPPORT. WE COULD TAKE OUT THAT GAP AND BOUNCE.
As far as I know, AMC has no lower unfilled gaps except this one. NYSE:AMC
Last chart didn't load, this is my re-do.
$AMC UPDATEMemestocks have once again been showing growth and signs of strength - taking a look at $AMC we can identify since price formed a double bottom at the daily demand zone there is now a potential breakout and bullish continuation coming on the 1D TF - are we going to see another short squeeze
The 4 hour ICHI cloud is about to fully reverse on AMC stockAs you can see, a 4 hour close above 19.50 will confirm a complete reversal of the bearish ichi trend that has been rejecting the price to lower lows since the 40s. I am expecting a significant rally once this level gets pierced.
The daily ichimoku is also about to confirm a bullish kijun-tenkan sen cross. The price perfectly bounced off the bottom of the red cloud support at around 17.30 today and quickly rejected further downside.
My targets continue to be 23 (next strongest resistance), 26, and 32. But I suspect 32 will come a lot quicker than many people realize due to the volume gaps at the mid 20s.
HUGE spike coming for AMC stock On the hourly we can see a clear diamond bottom reversal pattern. The breakout of the $23 level before market close was very bullish to see and the VIX FIX is flashing bottom signals.
I am looking for a very strong rally once we can break and hold above $26. The next levels will be 32 and 44. A dip to $21 is still not off the table, however.
AMC Long AMC is entering a fool's rally (B wave) going to be a strong one, but do not stay in too long. Riding it up to $29 range.
AMC Looking To Short This At $30 If It Gets ThereTitle says it all Looking to short AMC if it can get back to $30 multiple unfilled gaps far below
AMC head and shoulders could fill the gap.THERE IS A 30¢ GAP FROM $20.55 TO $20.25
RIGHT IN THE MIDDLE OF THAT GAP IS THE JAN 27TH RESISTANCE $20.36 NOW SUPPORT. WE COULD TAKE OUT THAT GAP AND BOUNCE.
As far as I know, AMC has no unfilled gaps except this one. NYSE:AMC
$AMC: Strong Bullish Divergence!⭐Broken out of 9 month falling wedge with a 6 month engulfing volume
⭐Broken out of monthly Ichimoku Cloud resistance
⭐Broken out of EMA Ribbon resistance at 20.8$
⭐Vix Fix indicator shows for the first time in 13 months a strong signal of a bottom
*WARNING* This thread is not financial advice. I am not a financial advisor.
Thank you for reading.
$AMC: 30$ Incoming?⭐Bottomed out and closed above the Ichimoku Cloud (22.7$) and we succesfully mounted the long term retracement zone (.786 Fib)
⭐Short term resistance levels, 23.5$ (Ema Ribbon) 24.4$ (EMA Ribbon)
⭐Watch for a break of the 0.5 Fib (25$) with good volume
⭐1H chart bullish divergence on the MFI
⭐Vix Fix bottom signals on 1h confirmed with buying pressure
⭐1H falling wedge pattern
⭐Red 9 on the TD-Sequential (Downtrend completed)
⭐Green 1 on TD-Sequential (1H) Beginning of an uptrend
⭐Breakout of the falling wedge (Could send us to 30$)
⭐Worst case scenario 20.5$ EMA Ribbon support
*WARNING* This thread is not financial advice. I am not a finacial advisor.
Thank you for reading.
Possible AMC Scenario NYSE:AMC
Possible scenario is that we're finishing the B leg currently as it is in a falling wedge and will breakout this week for C leg. Volume decreasing as price is dropping is bullish. PT for C leg rn is around 55$. If there is enough momentum there may be a 5th leg which would validate that this is a 5 wave impulse and pt would be around 100ish. Good luck! lmk what you guys think
Forming wedge (Bullish) springboardA bullish flag was formed at the end of march indicating a reversal which saw us push up into the $30 region before the NYSE put the breakers on, leaving us hovering in the $23 region. We are now forming a wedge for Monday. If this pattern continues, we'll springboard on retest from the $23 to $26 dollar level at this point, the resistance key levels will be $27.88 before we head back into the $30 dollar region.
Lets see if fundamentals continue to work in an unfair market.
Possible Breakout to ATH The chart and drawing should be all you need to understand what I am seeing here.
This past 2 week runup, we broke out from below the January 2021 high (Which was holding as resistance). The price was rejected at the (.382 fib level) and came back down to retest support at the (.236 fib Level). Todays candle puts us right at what looks like very strong support. Previously when above this level, we have bounced right off and continued to trend up. We will need to see volume of about 1 billion to 2 billions shares traded over 2-3 days next week to see new ATH. This volume will mostly be institutional and shorts continuing to cover short positions.
AMC WEDGE BREAKOUT & RETESTLooks like AMC broke out of the bullish descending wedge here on the daily, The minute it had first broke we ran up 34$ pretty quick. Now as you can see we are coming down to retest the the wedge breakout area, allowing the RSI to cool off due to it being inflated pretty quickly. I am personally adding to my position in this ticker at this time, If you are daytrading this then you sold a long time ago at the peak hopefully, But if you are in this for a longer term swing/squeeze play then I would not be nervous nor shaky about this downside move. If you are in fact not sure wether you want to hold AMC or buy through this volatility then this play was never for you. Stick to your plan, and don't be a pompous tiny weenie person about it if you're short. Good luck to all.
Wyckoff #1 on 4h ChartWyckoff #1 on 4h Chart - We are currently forming the wedge in Phase D - Maybe takeoff in 2nd April week? 🚀
amcwe are on downtrend channel near top 25, near break. if this 25 break, then up to 34-35, above 60-70+
look at volume, this will be big !!!
hold
AMC MomentumProps to @Aevir for a really really cool and useful indicator. I stared at this damn thing for like 10 minutes lol. For personal reference
Wyckoff Accumulation ConcludedIt appears that we concluded a Wyckoff accumulation that began in January. I believe we are currently in phase E. Take this for what its worth.
AMC MAIN RUN Scenario 2I've always thought that they would slowly let this unfold like a Tesla play. This pattern seems to be the most likely scenario that they could let it play out to. Guess we will have to wait and see.
