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parkair1501
May 11, 2022 7:30 AM

But can you stop it, even if it plans on playing out that way? Long

HELIOS & MATHESON ANALYTICS INCOTC

Description

I am not a financial advisor nor is this trading advice. For entertainment purposes only. This is my own work and opinion.
Link to view chart and follow along is here.....----------->tradingview.com/chart/to8U8u1N/
Hi and thank you for checking my post out. I hope to not take up and waste to much of your time. I'm comparing two separate charts, from two different time periods, that have no influence on each other and be aware that they have differing market influences at their particular trading times. The Comparison is between AMC- pre January 2021 to present day and HMNY- jan 2017 to September 2017. AMC is set on a daily time frame and HMNY to a 1hr timeframe. Keep in mind, the charts are not identical in price or other indicators in its entirety, but I am wanting to uncover that the system at hand is trading to a predictable pattern. And I hope to show you how to look and find it. Let me explain.
1. First white box area you can see several peaks in price on both stocks and can clearly be seen in the RSI AND MACD indicators. If you change the AMC time frame to a shorter time frame, you will see these spikes more pronounced. After several peaks, then sell off, down to bottom of RSI and below 30 in oversold territory.
2. Orange box- you have AMC's January run up and HMNYs, which is eerily similar. You really see it at the price spikes and the timing is relatively close as well. You even see the runup in the middle of that cycle, eventually plunging down to its selloff and returning to <30 in the RSI.
3. Yellow box- If you're following along, you can really see the stark similarities in the pattern of the MACD. Its harder to compare the stocks or find out where you are at, but if you happen to use other indicators such as the MACD or RSI, you can possibly see where you are at during a particular cycle. It is harder to see where you are at during this time period via price or the RSI, however, you can change in and out different time frames, which seem to help. I try to look for the MAX and MIN movements with in the RSI. Those just so happen to be good turn around points, and usually indicate that you are transitioning into the next cycle.
4. RED box- If the sell off is strong, its easy to see, if the price action is more sideways, it can be tougher to find your bearings. I've indicated on the chart also the green support lines which can be seen as support lines strongly showing in RSI and sometimes, not so much in price.
5. Green Box, Out of the sell off realm for the most part. Because AMC is heavily shorted, its price is being driven down hard than other stocks. You can also see that between the two, higher breakouts occurred and a longer downtrend ensues. RSI might have a little bit more to go (circled in red)and we may see lower numbers. There are some lower gaps that might need to be filled in order to sturdy up the stock before going to higher highs.
6. Lastly- Unknown Box- If this pattern holds true and APE and Retail holds strong and have continued to buy up the float many times over, then we just might be following a predictable, beatable pattern, which most likely was put in place, because its manageable by the powers it be. I have found many other stocks with the same predictable and comparable patterns and hopefully have showed you enough info to go find them yourself. enjoy!
Also, The only way out for them is to manipulate the stocks or implode the market/economy, but we all know that they don't want to do that now...lol
Thank you for reading this possibly useless DD.

reddit.com/r/amcstock/comments/un47va/but_can_you_stop_it_even_if_it_plans_on_playing/
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