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$AMC: Huge Rounded Bottom! (TARGET 47$)A huge rounded bottom has been spotted on AMC. ⭐Neckline Resistance (30$) The 30$ level is a huge level when it comes to options. 33.5k Volume and 21k Open Interest. ⭐Short term rejection (25.35-26.5$) 7.86 Fib (25.35$) ⭐This rounded bottom pattern is valid due to its touchpoints being supported by large buying-volume. ⭐Once 30$ Is broken we face resistance at 33-34$, 36-37$, 38$ 40.5$, 42$, 44$ ⭐The weekly options remain bullish (35$, 20k Volume and 25k Open Interest) (40$ 26.4k Volume and 58k Open Interest) ⭐Weekly close above 30$ signifies continuation. ⭐A Green 9 has been spotted on the TD-Sequential, this is hinting for a retracement (Normally 1-4 Candles) ⭐Watch for a break of the neckline (30$) with large volume. ⭐The target of the rounded bottom is 47$. *WARNING* This thread is not financial advice. I am not a financial advisor.
NYSE:AMCLong
by Patriick2jz
10
$AMC: Massive Rally Incoming! (72$?)AMC broke out of a large bull flag. The price target of this pattern is 72$. We have also broken out of the Ichimoku Cloud which is a sign of strength. This movement is confirmed by engulfing volume. We have mounted the 20$ level with significant volume (.786 Fib) It is also a large VPVR node making it strong support. We also mounted the .618 Fib at 25.7$ which has become strong support confirmed by the VPVR. We have also retested the bull flag at 26,4$ which on micro time frames is the 7.86 Fib. This retest of the bull flag is a sign of strength because of the large buying volume that appeared at this level. We didn't even wick within the bull flag. Currently we are facing resistance at the 0.5 Fib 29.5-30$ confirmed by the VPVR. We also got resistance at the .382 Fib (33.41$) Later on we have .236 Fib level resistance at 38.31$. The MFI is on a strong uptrend, it looks healthy for continuation. The volume is looking extremely bullish which makes all of the price action valid. Options chain is also extremely bullish. Check the related ideas for a micro-timeframe update. *WARNING* This thread is not financial advice. I am not a financial advisor. Thank you for reading.
NYSE:AMCLong
by Patriick2jz
8
AMC Just Some CrayonAMC Entertainment has shown the bullish signal and the following points can be considered for the coming days. 1. 1st triangle has broken out and the current price at the time of writing this confirms. 2. Huge resistance at breakout point (1) 3. If it breaks out of point (1) and support zone established at point(2) then the price movement can be expected as per the chart. 4. Ichimoku cloud has crossed the leading span B as per today's movement and its out of cloud formation. 5. MACD line has crossed the signal line on a weekly chart. 6. RSI at 51 on a weekly chart. Disclaimer: “The above is an idea only and not any kind of financial advice so please do your own DD (Due Diligence) before any kind of investment”. If you like my TA & ideas!! Want to keep yourself updated with current market action,Please follow my profile for more analysis. Thank You.
NYSE:AMCLong
by Tron029
AMC looking very bullish!NYSE:AMC 1 Day Chart EMA (Exponential Moving Average): 20EMA is yet to cross 50, 100, and 200 but moving towards the 100 TTM squeeze: momentum is up and squeezed. Fib levels: Currently launching off of the 0 level but still in danger. It needs to cross and hold the .382 level ($22.50) for the bullish pattern to continue (giving the market noise are calm). Candle stick: Bullish Pin Bar followed by a Bearish Pin Bar...This is indecision... Pattern: Bullish Pennant. Price still needs to cross the .382 for confidence and psychological continue momentum. It also has a double bottom which is a bullish pattern. News: Recently invested in HYMC History: It failed the last double bottom in Nov. 8th and crashed heavily. We have noticed a major reversal of trends for a lot of stocks starting Nov. 8th 2021. If AMC fails this double bottom, there are chances it could fall to $13.54. If it holds the bullish pattern, the next prices are $27.71 and $31.04 (both major resistant levels).
NYSE:AMC
by STAKKNATION
AMC LONG WYCKOFF ACCUMULATIONHello Apes and regular investors. As you can see right now we are in the accumulation period. Soon we will get to the moon! Let's start that all phases are here and it is moving like it is supposed to do. Frankly, I am 100% sure that we will shoot soon. There is only one thing in my mind and how long the bull ran will continue. I believe it will be fast, but it can take 1-2 months before the squeeze. We will grow little by little and then there will be FTD and after that, there will be a run. Let's look at the data that we have. From the ORTEX 1. SI % of FF - 20.9%. At the end of May from 19-21% 2. DTC is 2.79 it is good for a short squeeze. In May it was 1.7 3. On Loan number is huge. The only thing that I don't like is that there were more FTD before the run-up in May. We had wyckoff accumulation in BTC and you can look and see how much it run after that. But it wasn't that shorted. See new highs soon! Not financial advice!
NYSE:AMCLong
by alendostanov
3
$AMC: Slingshot to 145$AMC has been trading under a deschending pattern for almost a year. This pattern has sent AMC to the largest VPVR node at 14$. AMC has not managed to close a daily candle below 14$. This is a good sign due to the significance of this large VPVR node. The 14$ level is the largest zone of liquidity that needs to be respected for the bullish continuation of AMC. If the 14$ level breaks which is highly unlikely we will consolidate and reject of this level for a while. This would delay the trade significantly. This possibility is highly unlikely and will most likely not take place. This descending pattern we are trading under is a bullish pattern which has caused the previous run-up of AMC. The support trend-line of this pattern has 8+ Touchpoints confirmed by buying-volume which makes it valid support. The trend-line of resistance has more than 5 toucn points confirmed by bearish divergence on the MFI + CM_Ult_RSI + the selling volume once this negative trend-line is toutched. As of now the support-trendline of this pattern is located at the 7.86 FIb which is a good long term retracement. Currently we are finding resistance at the 20-21$ level which is confirmed by the VPVR, bearish divergence on the MFI + CM_Ult_RSI. This resistance is also confirmed by selling-volume and the 6.18 Fib. Once this level is broken it will become strong support which will cause a parabolic move for AMC Stock. The VPVR is illustrating a large volume gap above the 20-21$ level. 20-21$ is a large point of resistance which has been respected and confirmed by selling volume. Once 20-21$ is broken we should instantly move to 26$ hold above and have a breakout to 30$. AMC also had a positive Q4 which is really bad for owners of short-positions. This earnings-report can cause the reversal of AMC. The MFI + CM_Ult_RSI have been displaying a descending pattern on the 3D chart. Once this pattern breaks AMC could go parabolic. The CM_Ult_RSI fired a buy-signal at the bottom of AMC, since then this indicator has been displaying higher-lows and a strong bullish divergence. Once the descending pattern breaks on the CM_Ult_RSI Amc will most likely break 21-30$ easily. Another thing to note is that the selling-volume is being faded away. Short sellers are not strong anymore. I am soon expecting a large bullish Volume Spike to engulf the previous bearish volume. At the current state a retracement to 14$ would be unlikely. The most activity on the weekly Puts on AMC are located at the 17-19$ level. This is most likely where the week will be ending. The most activity on the options chain by open interest and volume is located at 17-20$ which is most likely going to be the trading range of this week. We also have 8000 in open interest for 40$ which looks interesting. This could be hinting for a large breakout of the descending pattern. My price target remains to be 145$. *WARNING* This thread is not financial advice. I am not a financial advisor. Thank you for reading.
NYSE:AMCLong
by Patriick2jz
10
$AMC: The Ultimate Battle of 21$It was a long time ago AMC closed a daily candle above 20-21$. This level is significant because it is currently holding us in a downtrend. The last 2 trading-weeks we have formed a double at the 21$ level which has caused a retracement to the largest VPVR node 14.90$. This level bounced the price once again and support was held. We have successfully broken the resistances of 16.6-17.7$ and turned them into support levels. As of now i am expecting 17.7$ to hold as support to help break the 21$ level. The 21$ level is a confirmed resistance by the double top pattern, green TD-Sequential 9 on the 1H chart, the basis of the Donchian Channels on the 2D chart and the large VPVR node that is found at this level. A break of this level will confirm the ultimate reversal of AMC. If the 21$ level breaks with an engulfing amount of volume we will eventually make the push towards 30$. Once this happens the 30$ Options will start printing which will cause a rally to the upside. There are significant gaps on the VPVR which indicates that the reversal of AMC will be easy once broken out of 21$. The MFI also hints for a strong bullish divergence which could indicate that the 21$ level will most likely be broken this week. Tomorrow AMC has Q4 earnings. AMC will most likely beat Q4 which could cause AMC to rally. If the S&P 500 + other indices help we will see the ultimate reversal of AMC back to the 30$ range. The most options activity for the week is to be found at 18-25$ level which will most likely be the trading-range of this week. *WARNING* This thread is not financial advice. I am not a financial advisor. Thank you for reading.
NYSE:AMCLong
by Patriick2jz