RSI looks like it's bouncing, not only that but so is the price after bouncing off the strong resistance of $14. Last time RSI was this low was NOV/DEC before the January squeeze from $2 to about $5, 150%. Not saying that's going to happen exactly. But history has a tendency to repeat itself and with this low of RSI we're at least guaranteed a relief bounce. But I...
Good morning everyone. Past couple trading sessions was very low volume so I'm not too worried about the support break on Wednesday. What we need to see is more volume come in the stock for a push over 28.75. We do that we can easily test the $30 area resistance.
With entering the light blue zone, the AMC stock has theoretically reached a region where new surges are possible. However, we believe that the course will further decrease towards the area around $18.04. From there, our expectation centres around new surges past $52.79. A direct increase has a probability of 30% currently. Already happy holidays!
Nice hold at the 28.79 area. Next test is the 30.50 area then TL with major resistance right behind it at 31.74 area. Good luck out there. Ape strong P.S. - This is the first time I've noticed a check box to abide by the house rules. For any sick asshole that attacks other people online, whether it a moderator or not, should do some soul searching and be a...
I am thinking $30 for a long term hold in IRA. There seems to be a lot of hype around Spider-Man and I personally went to the movies to watch it. It felt good seeing a packed movie theater again.
AMC still holding strong today, If it had to fall then today was the day but it looks like it will rise back to $29.50 before any fall further. share.trendspider.com
Though AMC is going higher but do not think it's back to bullish pattern, this is just a regular Pullback Trade and if you are in a buy trade then take profit at $28.31, yes It can go to $29.77 but do not wait for it and better book profit at $28.31.
Dear babbling smooth brained baboons of the interweb, it's your ol’ boy Magnus here! I have come to present a case for AMC. I do believe we are about to witness the end of the “battle for $40” in the war of “The smooth brained simians vs. The hedgies“. Now dear fellow, I know you have never seen such artistic magnificence before! But do stop licking the screen...
$AMC is very hardly testing on the fib levels The fib accompanied $AMC in the last time and when it will keep going like that we will see a reversal bc. of that resistance building at the current fib level. The MFI is telling is that we are currently in a oversold area so we can suspect that the price will pop up to the next fib level when possible. -$AMC...
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.
After AMC went higher after break-even on cash flow news: now it bounced from it`s last support before a major GAP. My price target is the $40 resistance. Looking forward to read your opinion about it.
$AMC under the selling pressure crashed to $25 last week, We may see a Green Day on Monday and $AMC expected to go High around $30.32 and Low around $28.91. We may see very little volume because of fear of selling pressure. Expected to open around $28.46.
My view on AMC, I'm still bullish, in fact I expect price to continue up further The recovery from all time lows on AMC has been spectacular White bars pattern placed for price move expectation
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.
All things considered, we didn't do to bad today. Next week will be crucial with how things play out with this new covid variant. But the good news is major support levels held and we closed within the pennant. If you see a defined break below these levels, I would be looking for an exit strategy. If it holds, well...hodl.
Look at the recent levels of volume. It's the lowest its had in a long period of time. Especially today's volume. Keep in mind that short weeks and around the holidays volume drops with people traveling. I'm loading more in this area. Break out is still in play