I‘ll sh*t bricks if this hits the main trendlineAs the title suggests, I don‘t believe the main trendline will be hit. As we know, most gaps need to be filled. So 17$ again soon:)
AMC trade ideas
AMC UpdateSo I bailed a day too early lol, and I think it drops for a few days, but I plan to get back in before earnings.
If anything I'm waiting for $16 before I buy back in.
$AMC cypher Watching 786 on $AMC on a hard drop if it loses 618 here. NQ can flush so please use caution, will update TP's if it trades.
Pray to your Gods for this is not a human matterI expect sideways movements for a day or two. After that we should be seeing 19-21$. If support holds, which I‘m sure it will, we are on our back to 28-32$ range. Everything beyond that is pure speculation. No one knows how high this will go. After extreme pressure from mainstream media trying to shake us off, I believe even more that this will be a once in a lifetime oppurtunity to redirect many of our lives. This is far beyond simple TA. This is far beyond anything we can imagine. In the end, the diamond hands will chose their price since there is no limit on how high a stock price can go. Market cap is an illusion.
Youtubers who have been known as the faces of the Shortsqueeze movements are turning away. Probably paid off to make us sell at 270$ LOL. We didn‘t come this far to sell at brokie numbers. I genuinly believe we will surpass the 270$ prediction by at least a 5 fold. Even if there is no limit, especially with a short squeeze of this magnitude, weak hands will fumble the bag hard by selling too early.
Stay strong. Stay focused. Stay zen.
Ape out.
AMC still going higher!AMC
Short Term
We look to Buy at 14.20 (stop at 12.69)
Broken out of the channel formation to the upside. This is positive for sentiment and the uptrend has potential to return. There is scope for mild selling at the open but losses should be limited. Further upside is expected.
Our profit targets will be 18.64 and 21.01
Resistance: 20.00 / 30.00 / 45.00
Support: 14.00 / 12.17 / 10.35
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Looks messy but I'll take it!Todays red candles were expected after such a green week, hitting some resistance as the price has continuesly shown strenght when the overall market was weak. More bullish than ever on AMC. Price is up almost 90% since may. This will most likely continue with more news from the CEO himself via Twitter with the most recent being the annoucments concerning the debt of the company. More nice moves from the leadership are anticipated!
3 within a 3 wave to look forward to for next week.This is how I think the wave count will unfold for next week. Check out my previous post on AMC showing prequel before this move.
Can AMC continue to grow?If AMC to break 22-24 levels, it'll break out to 72 - 275
Give feedback on my idea
AMC Setting up to test resistance at $20The title says it. We have holding up the daily trendline quite good. Lets go!
Major AMC TrendlineAn extended trendline to rule them all. Drawn from the IPO of #AMC, connected to next low on Feb '16. Note all of the interactions and touches. Crossing it is explosive. See June '21 & March '22 runs.
AMC: Looking bearish...Fibs in green, ascending channel (bear flag), target is 9.42, next would be 7. Channel was copy and pasted below as is the traditional measure for an ascending channel. There is confluence at the EQ and 9.42, as well as with bottom of channel and 7. (Note to self) Continuation patterns happen more often than reversals.
AMC AnalysisI was wrong about the analysis on AMC. Last week, I expected price to go lower to take out the sell-side liquidity. However, price went higher. Target for this upmove could be the equal-highs at 19.01. From here, we could still see price going lower from here. Either that, we can see a start of an uptrend to take out the clean highs at 34.33.
AMC Volatility Incoming Bollinger Bands indicate a splike in volatility in the near future. Will it be to the upside? We will have to wait and see.
AMC - Bullish Wave pattern My technical analysis for AMC and why I am bullish on the stock
Strong support zone between the 15.70$ to 16.10$ area.
Since Jun/22/22, we have been on an up-trend. (Creating higher highs / higher lows)
Waiting for confirmation pullback to support zone
Once the support zone is hit, the next target zone will be the 18.30$ to 19$ area.
Break $72.62 and minimal target is $111If $9.70 is the low now and we can break $72.62 the price targets we can look at are below based off Fibonacci retracements. Fib levels are in brackets
All time high (1) $72.62
Bottomed out (0) $9.70
To validate the price targets below AMC must breakthrough $72.62
In the previous cycle $72.62 was the 4.236 fib extension level taken from its previous cycle top and bottom. So there’s no reason why It can’t reach the 4.236 again.
(1.618) $111.50
(2.618) $174.42
(3.618) $237.34
(4.236) $276.23
I do believe AMC behaves as in a crypto type cycle with bull run tops and bottoms.
If you’re unfamiliar with Fibonacci extensions I highly recommend watching some videos and doing some research on them because they are pretty much the reason prices land where they do.
AMC Long @ 11.31 swing long to 16Vol buying increasing.
Daily stoch uptrend
Weekly stoch uptrend
See we can get near 100 day ma 16
AMC - Triangle breakout
Clean breakout of the ascending triangle. +++
Good volume - still seems like retail buying though ++
Into the supply zone until 200 DMA around 23, so likely to be choppy until it clears 200 DMA. If it doesn't lift off in next few days, I'd be alarmed and look to trim position. Projection is that it tests 200DMA
AMC Is Looking Juicy AMC is looking great. Once the CMI slingshot turns green again I expect us to run. Not financial advice.
Bullish statement for AMCAMC has broken out of an ascending triangle pattern with a technical target to $24.71
Coincidently $24.71 is the line of resistance the price has been stuck under since it put in it’s all time high.
The crossover of the 21 and 55 ema on the daily timeframe is a very bullish statement for AMC. Furthermore, holding the 21 ema on a retrace will put the stock in a prime position for more upside action.
I would expect to see a retrace to $16 to test support of the breakout structure but we all know how violently it can move so don’t bank on a back test.
Not financial advice and just sharing an idea. Trade with caution and stop losses. Never trade with money you can’t afford to lose.
Good luck everyone
AMC to $$33!As $16 quickly become history and a breakout on the bullflag is confirmed. I believe AMC will hit at Least $28 this week. Good luck.
AMC bullish gartleyAs we can see AMC formed a bullish gartley and already broke above its point A, I'm now expecting a small pull back and a continuation next week up to the 1.618 fib retracement to 16.3$ at least.
Be safe out there.
Amc So I tried to short it up at the $16 range but it’s pretty much just been holding between 1470 and 1560 area. Honestly I close them out because I wasn’t up much and it was just taken too long. Looking at this like a break out of ascending triangle it could be actually just back testing the ascending triangle as new support. It’s really tough to say of course but honestly the look of it is kind of bullish, we still need to break that 1613 area and hold that I support but it doesn’t seem like too bad of a trade with a stop loss below 1450
AMC - 4 Levels of interestHello Derrrdz!! Just sharing ideas for fun and by no means is this financial advise.
Looking at AMC and I will be paying attention to 4 levels.
1. Global .236 Fibb level - Above this and I like it to the upside. Note that there is a MTF Resistance level right above which would be TP1. If breaks above that, I like entries on pullbacks.
2. Daily .236 Fibb level- Above this and I like a scalp to the Global .236. Note the TL could act as support as well.
3. Confluence Level Here - Daily .382 + WVAL + Local .786. S/L right below the Local .786
4. Conluence Level Here - HVA + ImPOC + Local .886. Tight S/L right below the .786
