$AMC | Model Suggests Wild Targets Long

AMC Entertainment Holdings, Inc.NYSE

Description

⋅ Mar 8, 2021 9:29 PM

Hello Traders,

As a purely speculative exercise on the accuracy of my model, I'd like to publish this idea.

The model tries to identify pressure points in any given market. The pressure points themselves identify the breadth and strength of the move to come. It exists in all time frames and can be applied to any market. The targets are printed as data is fed into the algorithm. The further away from the pressure point, the lower probability it has of attaining such levels and the higher the probability of a correction/reversal.

Comment

⋅ May 27, 2021 5:27 PM

Here we go.

Comment

⋅ Jun 7, 2021 5:00 PM

TG1 and TG2 hit. Next highest probability target is TG 3 @ $114.6.

Comments

Patl66

⋅ Mar 9, 2021 9:04 PM

what would be the model you are refering to? it is not clear how you got to these numbers..thx

GWaves

⋅ Mar 9, 2021 9:43 PM

@Patl66,

"The model" is referring to a proprietary trading algorithm used to print the targets you see on the chart.

Patl66

⋅ Mar 9, 2021 9:45 PM

@GWaves, something you programmed yourself? cool. is it self learning and does it use historical data? btw, 11.50 + in post market. nice

GWaves

⋅ Mar 9, 2021 9:49 PM

@Patl66,

Haven't programmed it yet. It is not self learning, unfortunately. I do not have a background in machine learning and have only just begun learning code.

By algorithm I simply mean a mathematical formula.

UnknownUnicorn14656390

⋅ Mar 9, 2021 5:59 PM

This could pick up even greater momentum. Also don't forget tomorrow is earnings!

GWaves

⋅ Mar 9, 2021 9:44 PM

@Gekko89,

Possible.

padawanjunior

⋅ Mar 9, 2021 1:21 PM

TG 4?

konstantinm90

⋅ Mar 9, 2021 5:05 PM

@padawanjunior, SUUUURE :D

GWaves

⋅ Mar 9, 2021 5:31 PM

@padawanjunior, I chose to omit TG 4 as it would not make sense in this context. The activity on AMC is unusual, hence the unusual targets being produced.