We just printing a bullish hammer on the weekly, not dislike the one we printed before the big run. I also noticed the weekly OBV showing a similar pattern as well, where it goes up then pulls back before the hammer. If you turn on the bollinger bands on the weekly, you'll also notice the tightest range ever seen on AMC - indicating extremely low volatility -...
Solana bars from summer of 2022 to present overlayed with AMC. I remember when Solana tanked to 8 bucks and wondered if it would ever recover. Now, AMC is showing the exact same trend and it has people feeling the same way I'm sure. I sure wish I had bought Solana for $8... Good luck folks!
Falling wedge on log scale breaking out as price teases losing a decimal point. May need to back test or it might just rip, who knows. Daily is above the 200 day EMA, and MACD and KST indicators are above zero and opening up in a bullish manner, indicating positive momentum. Would like to see some real volume to confirm this trend change.
OBV indicates what "smart money" is doing and is supposed to indicate where a price may head in the future. All past rips on AMC have been preceded with spikes in OBV (see circles) Let's go! Apes together strong
After a breakout of a long-term falling wedge, the price is now comfortably consolidating between the 100 and 200 EMA. MACD and KST indicators are well above zero indicating positive momentum. Today's price action shows it is trying to break out of this flag pattern and could be indicating a nice move ahead, if the strength continues.
On the heels of news they've finally reached the gold deposit, it looks like this one is attempting to break out of the long-term downtrend. The price has back-tested the log-scale trendline (resistance now becoming support), and the next major resistance is the 0.786 fib level at around 20 cents. The fib levels have all acted as resistance on the way down, so...
Let's see if this can break out of the wedge and then back test the trend line before launch. Grab your popcorn and hodl friends.
Title 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.
Some nice momentum building up, but needs to blast through some resistance first.
Falling wedge with decreasing volume 30 min MACD crossed bullish (13/48) RSI making new highs HODL
Could still take a while to build, but.... weekly indicators MACD and KST are both above zero indicating positive momentum, inflation is raging. once the market realizes gold is the way, this cup and handle pattern could finally complete and send these metals ripping.
Hanging on above 0 on the 13,48 MACD. Still a LOT of overhead resistance from the EMAs, then it's take off
Bullish falling wedge forming since IPO, volume ticking up in recent weeks, pushing up against 20-week moving average, bullish divergence in RSI and price (yellow lines). If precious metal prices keep rising, that could be the catalyst this company needs to get out of its slump. Good luck.
Massive hidden bullish divergence in price and RSI (yellow lines) building since Feb 2021. Breakout confirmed today of the bullish falling wedge with higher than average volume (still pretty low though). Finding good support on 14.80ish region (past resistance from long ago). Just broke through 20-day EMA (red EMA line). RSI is trying to push through a resistance...
RSI is running up against a resistance line - similar to what happened during the last rip, Bullish falling wedge in price action has the price bouncing off a long-term support line. I'm expecting a nice move if we can push through the RSI resistance, Moving Average, and falling wedge pattern. Good luck folks.
Looks like a big 'ol cup and handle on the weekly log chart. price is getting squeezed between the 50 week EMA and the cup line. KST indicator just crossed bullish and is also showing bullish hidden divergence as well.
Looking for a possible breakout of this falling wedge... not much price action to analyze since the news broke a few days ago about this SPAC taking over Nextdoor ap.
I described a similar setup in Gamestop before it went on a nice rally. Looks like AMC is showing the same pattern. And hey, if I'm wrong and it goes to zero, at least the CEO is giving us all a free large popcorn :) *not financial advice