Hello everyone,
I've been covering the AMC topic on my YouTube channel for over a year now. In the meantime, I came across many people who (unfortunately) have bought in at a relatively high price. In this idea, we're looking at the effect of Dollar-Cost Averaging your position.
There are two examples here
You've bought your first 1000 Shares at $35.96...
This chart is the run-up of May/June last year (2021) with my prediction of how this coming week will play-out if the past repeats. Dates in RED are current dates (this year) with the correlating price it was during last year's run.
First, please look closely. That green wave is, essentially the void. A place where the price has no sky limit except for the yellow dotted line connecting the peaks of the last two squeezes. The white has been used to keep price stable. Any halts we saw, i think, is due to fear from letting the price leave these lines of resistance. Inside the the purple is what...
Amc broke below the macro trend and found major support at 10. The market is looking ready for a trap rally in preparation for the rate hikes and fed balance sheet reduction next month. This, coupled with global macro-economic pressures like the inflated US dollar incentivizing commodities to be priced in new foreign currencies, declining US GDP, general...
Since the low of May 11th, 2022; AMC made an impulse to the upside and seems to now have completed a 3 wave correction of that small impulse which for now confirms my bullish move for the next coming months. Though I was expecting price to move into the bluebox but it fell short but because of the nature of the current price action I then can now no longer look...
Since the pandemic, AMC and other stocks have been heavily manipulated and we are feeding more and more to the kolaps. It's not financial advice just a technical analysis from my side
If you haven`t sold AMC Entertainment here:
Then you should know that AMC is close to our buy area: 8.11 - 9.90, from which it can reverse to 19.50.
Looking forward to read your opinion about it.
$AMC is forming lower lows and has just broken under resistance which sets up a move much lower.
I think price is likely to fall through the $10 support and end up somewhere between $4.88-$6.28.
Let's see how it plays out in the coming weeks.
Many of us know that GME , AMC , HYMC , BB , BBBY and others generally trade in a strange near identical parity within a given timeframe.
I was curious as I've recently done some research into Rackspace Technology 's ( NASDAQ:RXT ) current market situation and market history - in particular a common thread that many mysteriously struggling and now defunct...
I designed this custom chart to monitor the relative strength of top precious metals gold and silver versus top cryptos bitcoin and ethereum, to their respective ratios.
As you can see, there is a compression triangle of sorts that has formed and looking to determine which way it will break out.
The bottom is supported also by this arc spanning a much larger...
Beginning from the left, we see where price broke out, where many made and lost millions. From there on, price went down with huge up-swings in between.
What's that orange inside pitchfork?
This pitchfork gives us a kind of a Swing-Frequency.
What does this mean?
Well, it's nothing more then a measurement of this stocks swing volatility. Furthermore it combines...
A trendline can be drawn showing a resistance area, which now could be considered a support area
This is a resistance / support analysis
The shift from bear to bull market is in green
Emergence of the 200MA allows an assumption of a support as it aligns above the down trend line
I was messing around with the bar pattern tool and found a strong similarity in the movements from May to June compared to where the stock is now. Not only that but there is upward momentum that starts around earnings "5/9/22" which is a beneficial catalyst. Also with this rate hike causing the cost to borrow to go up, I'm feeling pretty BULLISH about what is to...
⚡15$ Support confirmed by VPVR node + golden pocket retracement + 200 week sma + 2 trendlines of support (Previous resistance)
⚡MFI breakout could lead to a massive rally
⚡18-20$ resistance confirmed by VPVR node + resistance trendline + 0.5 Fib
⚡23.5$ Ichimoku Cloud resistance
⚡0.236 Fib resistance needs to be broken for bullish price action
⚡Worst case...
AMC saw bullish Call buying and Put writing today, currently trading +2.7% afterhours . I followed with the 5/20 $13 calls. Bullish confluence in RSI indicator
First line of resistance $14.8/$15 zone will take profits there, with a break to upside implying a further move to $17 zone 10 day MA (blue line)
Lot of supply overhead, move will happen fast where I...
Just the current situation of AMC.
Make AMC break out of that downtrend, if we break support, it is over.
Nobody can pick the bottom, so i post this as neutral, just as an overview of how the stocks looks at the moment.
Stay safe!
⚡Bullish Divergence on the MFI
⚡Vix Fix strong bottoming signals
⚡7.86 Fib Retracement measured from the trend reversal candle (43$), this area stands as strong support confirmed by large VPVR node
⚡TD-Sequential red 8, often reverses the trend once spotted on larger time frames
⚡Big volume support trendline at 10$
⚡Liquidity zone between 7.5-10$ (Strong...
![AMC: [STOCKS] AMC Position Management (DCA)](https://s3.tradingview.com/z/ZR6F8McR_mid.png "[STOCKS] AMC Position Management (DCA)")
