we need to hold this week above the 10$ level to. confirm the bullish momentum is back and going. to the squeeze level around the 12$, our current support we should hold to see this reaction is above the 9$ level.
🔥Bottoming signal on monthly (4-month bottoming pattern consolidation) + Bullish MFI 🔥Monthly Ichimoku low confirmed as bottom followed by TD-Sequential 9 🔥200 Weekly Moving Average Resistance at 9.45 (This should be reclaimed due to the open interest at this level) 🔥Monthly resistance at 11.6$ confirmed by Ichimoku Cloud 🔥7.86 Fib retracement at 8.3$...
With +80% of profits I am taking them for now before reaching the target, will be buying again if it dropped to $16 - $17.5. Moving my profits to $MULN (stay tuned for the chart) Like👍 & follow🚶♂️
AMC Entertainment Holdings, Inc. ( NYSE:AMC ) Sector: Consumer Services (Movies/Entertainment) Market Capitalization: $12.233B Current Price: $23.67 Breakout Price: $27.00 Buy Zone (Top/Bottom Range): $20.60-$14.20 Price Target: $33.00-$34.20 (1st), $40.60-$42.30 (2nd) Estimated Duration to Target: 23-25d, 47-50d Contract of Interest: $AMC 9/2/22 25c, $AMC...
The move today lacks volume, but will for sure lore some investors in the play. If we see consistend increase in volume in following days, we will easily tag $20+ in a matter of weeks
So AMC decided to do a clever trick and take advantage of the hype coming back into stocks and even meme stocks. Retail traders have taken a hit, with many retail-heavy companies like Gamestop, Coinbase and Robinhood, etc., taking massive hits. However, GME has been doing well, COIN doubled off its lows, and HOOD looks decent. As stocks are bouncing and the bull...
AMC has been trading within this macro falling wedge for a while now and has also formed a smaller symmetrical wedge on the daily timeframe. Price is attempting to breakout from both patterns and if it does we could see a huge move to the FIB golden pocket as seen in late march. PT 26.78- 30 usd. A rejection would send the price back to the bottom of the pattern...
AMC Short Term We look to Buy at 14.20 (stop at 12.69) Broken out of the channel formation to the upside. This is positive for sentiment and the uptrend has potential to return. There is scope for mild selling at the open but losses should be limited. Further upside is expected. Our profit targets will be 18.64 and 21.01 Resistance: 20.00 / 30.00 /...
This is how I think the wave count will unfold for next week. Check out my previous post on AMC showing prequel before this move.
I have decided to reset my elliot chart on AMC and start again. It is mindboggling to think that I could have missed something simple that has been under my eye all that time! AMC looks like it has been in a corrective five wave supercycle. After the end of the fifth wave, we seem to be in a cumulation phase triangle. A STRONG BREAK OUT OF THE TRIANGLE WOULD BE...
AMC Short Term We look to Buy a break of 10.48 (stop at 9.53) The trend of higher lows is located at 10.33. This is positive for sentiment and the uptrend has potential to return. There is scope for mild selling at the open but losses should be limited. Further upside is expected. Our profit targets will be 13.86 and 15.50 Resistance: 14.00 / 16.00 /...
Perfect set up Fib retracement extension to 1.618 Target price $111.11 Let time tell us if its true
Trading within the upper range of the demand zone. I'll be always buying above 12.16 and sell below. The moon could be around 145 for me.
Sometimes current events seam like an organic component of the extension of the pattern. Short selling and hedge funds may be playing their games but it looks like their window of opportunity is limited.. Lets hope the pattern plays out. Let me know what you think in the comments below. This is not investment advice, but only my perspective..
AMC Intraday - We look to Buy a break of 14.80 (stop at 9.61) Posted a Double Bottom formation. This is positive for sentiment and the uptrend has potential to return. A break of 14.50 is needed to confirm follow through bullish momentum. Further upside is expected. Our profit targets will be 29.37 and 34.30 Resistance: 14.50 / 20.00 / 30.00 Support:...
Strong OBV despite ugly price action Strong support around 12
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.
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...