Forget you bull flags, wedges and pendants. AMC printing a "Bart Simpson" pattern with a target to around $14. if you don't believe the pattern please google it.
Forget you bull flags, wedges and any other trends. AMC clearly printed a movie for us all. The Simpsons. If you don't think this is a legit pattern then go and google it. Target around $15
Rejected at a heavy resistance area and fell back below TL. Currently trading below major support in after hours. If those levels hold, this doesn't have much stopping it from coming down. Be careful out there.
You need to break above 31.74. That's a major area of resistance. If you can't, there's not much catching this thing. Good luck.
We can now see a clear head and shoulders pattern executed on the weekly time frame. The stock has bounced slightly off the 55 weekly moving average currently finding support at around $29 which was the previous swing low from August. The technical target from the head and shoulders pattern would bring the price to around $16. Levels of support : If we fail to...
Well it happened. Clean break below the bull pennant on increased volume and found support in the $33 area. This was also due to the market selling off so take all of this how you will.
We broke through the lower trend line and are headed into a major support area on low volume. If we break below that red line I would be looking for an exit strategy. Hopefully it holds and we get a nice bounce for the rest of the week.
I'm not trying to hype AMC stock but the chart setup looks too good to ignore. GME is looking so strong so I honestly don't see anything but upside for AMC. Check out the price action every time we are in the yellow line. Tuesday may be the breakout day.
This Chart has been a work in progress but let me tell you, the process has been great. Price has hit Pt's but now we begin to get close to the Squeeze. We have hit a very important line of Resistance (LoR). 52.06 was a LoR that I see started back in the symmetrical triangle that was prevalent when price wanted to touch the Upper or Lowe lines of the symmetrical...
German translation below Symbol / name of the stock / time frame / trading place / currency / precision --------------------------------------------------------------------------------------------------------- AMC / AMC Entertainment / daily chart / NYSE / USD /...
So yesterday we saw a close breakout on the Technical Analysis. Unfortunately did not play to plan. What I do believe though is that we could see a bounce off of the 41.98 resistance line OR the Neckline to the M pattern seen on Monday (Blue Dotted line). With the direction going lower, let's remember that we are more than likely re tracing to a previous...
Quick little update for this week. Wednesday morning should be good. In the case we don't go back down to the downside. We should see a re-test of 46.88 and a bounce to the upside off that. In the case we do go below the resistance (46.88) to the downside, The bottom to that trend should be in the range of 46.08 to 45.31. IF we drop below resistance, what I...
Short term price movement should give us a test at 46.79 and then a break out to 53.76. Then, Retrace + Consolidation to 52.12. Finally, we wait and see what the chart tells us what the following moves could be. Side Note: Still believing in the long term approach to my AMC Prediction. This post is a day to day break down on the 30 min.
Short term price movement should give us a test at 46.79 and then a break out to 53.76. Then, Retrace + Consolidation to 52.12. Finally, we wait and see what the chart tells us what the following moves could be. Side Note: Still believing in the long term approach to my AMC Prediction. This post is a day to day break down on the 30 min.
Keeping it short and simple. Called the 48.20 Top and based on the T.A. next hit is 56.95 and then a best case scenario retrace down to 52.07. After that were looking at a tap between 73-75.27 and retrace no lower than 57. My Prediction for the tap before flight is 117.65. The charts there, take a look. Happy trading and HODL at all cost's. Don't help the...
Beautiful retracement and time to move UP!!!