AMC Entertainment Holdings Inc (NYSE:AMC) was a potential breakout candidate. It has since mounted an impressive rally. Congratulations to those in, or who have profited from AMC alert. To see a sustainable move going forward, the stock needs to consolidate here to weed out the sellers and get ready for the next move higher.
If you haven`t bought the dip at $2.66:
Then you should know that AMC Entertainment has some extremely bullish option calls in the short term.
Some traders see a strike price of $15 per share on May 21.
The volume is there to back that up.
If you are interested to test some...
Anyone looking at AMC for a potential short squeeze?
Current AMC's short interest is at 21%, well below that of GME's 140% prior to its January pop.
However, AMC's short interest is gaining traction every month - up 27.2% in April compared to March. Despite that, AMC's price has been stable for almost 2 months now.
TA wise - it's sitting on EMA supports. Is this...
AMC showing some pattern development that could be significant indicator of higher prices. We got our trusted Gann Lines- and the alternate harmonic patterns showing some reliable confirmation for upside potential. This kind of trade is not for the squeamish. Set your stops (to those people).. the price action could get jerky. However long term I see significant upside.
in the last post, I had about AMC I showed you we are on the 3rd wave of Elliott and the target could be $215. if this target is true it could have a butterfly reversal scenario. with this target and butterfly harmonic pattern I have calculated the 4th wave and the 5th wave of Elliott and the ABC correction. you could see the targets in the chart.
we have a Gartley harmonic pattern of the 2nd wave of Elliott with three targets:
tp3=$2.8 *more likely because the 2nd wave could form butterfly pattern with ABC and the 1st wave with $250 target*
Looking at the 30 minute chart, we can see that $GME is forming an inverse head and shoulders pattern. However please note that prices are yet to break above the confirmation line which is right around the 220.00 area.
An important factor to note here is that the right shoulder is forming above the 5DMA and the slope of the MA is positive. I therefore expect...
This is the AMC Entertainment chart, so as you can see its in a huge symmetrical triangle.
It could breakout or breakdown pay close attention to the trendlines, but mostly it breaksout with a nice target point *(As i marked above)
Conspiracy: Big banks and instutions investing heavily in this stock. Why? Just follow the money and hopefully we can ate a layer of the cake!
Today's breakout is a very nice thing to see, but I think the real date to look out for is May 4th as we're a bit above the rim and we could come a wee bit down from here.
I'm thinking either that happens or we see this rocket really take off. Rumor has it that retail owns the float on this badboy, so if the price climbs those with short positions are really...
$AMC just crossed over the 1D EMA8. I think this is a good sign for some upward price action. Lets see if we can get back into the upward channel.
Disclaimer: Not a financial advisor. Ideas are paper trades.
let's talk about what we have now not what we will have. the 1st wave of Elliott broke down descending channel and 2nd wave pullback to it so we are on the 3rd wave of Elliott but what is the target. we have a butterfly that gives $43:
CD=1.6 BC= 1.27 XA=$18 *reached*
since we had a strong wave on the 1st wave I believe...