I don't have a crystal ball and I don't own AMC but hypothetically here's what I would do if I took a position.
Although AMC has been consolidating that past week and this week, it is still looking bullish on the upper portion of this value Buy area. It's floor keeps getting higher. Currently, it's sitting right on the 200 Day Moving Average. It will be interesting to see if it breaks below it or makes a move UP from here.
Massive hedge fund manipulation this week is causing consolidation in the market. Consolidation is simply indecision in the market. We know the truth. Hold strong and diamond hand it . The ONLY reason we’re in this zone is because Smart money is dumping on us. Don’t have much to say. Very probable chance of success given the numbers and fundamentals of this stock.
We are holding pretty strong in the mid $50, perfectly holding inside the bull flag. Let me know what you guys think.
Link to original idea below. TG3 still in play.
This is a bullish continuation pattern very clearly completing on the chart. a.c-dn.net Not sure how the flagpole portion would be measured here, but with highly-manipulated stocks like this it might not be relevant.
We’ve been in a consolidation block for the past couple of days. The 4HR Timeframe shows a clear Ascending triangle (lots of accumulation building , News catalysts and volume) getting ready for a huge break to the upside. Price is STILL respecting our upwards trendline giving great confluence that this is in fact a perfect time to buy. We got positions in other...
AMC looking to push upwards for a wave 5 in the future after some sideways consolidation for a wave 4. We are currently working on completing that wave 4 consolidation which could take some time, but overall looking for a high probability chance of pushing to the upside in the future. Going to be looking to buy into calls to target this upside. Entry is set to...
Position: Long put around @ $66 and $56 with expiration spread between today and 4 weeks out. Target: $32 - Full retracement of this weeks pump. Reasoning: $AMC has 6x'd. Daily RSI rarely stays up here for long.
Hello all, Here a little technical analyse about $AMC #AMC. Why? Because i love the stonk. Am i biased? Absolutely! Is this financial advice? Absolutely NO. I'm just a crayon eating Ape who loves to draw lines and like you can see in my last predictions, an average gorilla can predict better. What does the chart tells me? I see an Apish break out once the price...
🚀Ticker: (BB) Black Berry : Eyes on BB Above 16.25 with volume . ✅As you can see here we have formed a bullish pennant on the 1 hour backed with strong volume . The red spinning top at supply closed with over 144 million volume . After a healthy retracement to the downside, we were able to find support just below the 9MA (blue curve) where we formed an engulfing...
🚀Ticker: (BB) Black Berry : Eyes on BB Above 16.25 with volume. ✅As you can see here we have formed a bullish pennant on the 1 hour backed with strong volume. The red spinning top at supply closed with over 144 million volume. After a healthy retracement to the downside, we were able to find support just below the 9MA (blue curve) where we formed an engulfing...
AMC: Major resistance at around 50.00, support at 44.20 and 40.00
What is going on with AMC Entertainment? I'm sure you've heard the news: Defying all forms of fundamental analysis and business logic, AMC Entertainment AMC once again finds itself climbing higher. AMC is up 200% advance since last week and almost 3,000% since the beginning of the year. This is another coordinated short squeeze event by retail investors -...
AMC is dropping like a stone, pumpy yesterday dumpy today! Be really careful with this stock, it has yet to turn for the positive, just yet. Just waiting and see how long it'll go below pumpy happens again today. Not financial advice, your trades can go to $0.00. Do your own research!