AMC is currently below 144 WMA and under selling pressure but it's not looking that bad, while you apply it to daily TF it's holding firm above 144 WMA, currently, AMC needs to break above $40.86 to get out of the current consolidation and then next it will face resistance at near $42.85. Get this indicator by visiting my profile under the Scripts section.
Oh! So there is a Buy Signal on AMC and SPY is flying already. Looks like if this Buy Signal Hold we may see $44.31 on AMC and SPY will be back to bullish.
As expected, we dropped from 52$ up to 61.8% fib level. This indicates the end of our wave 2 and the start of the longest wave, wave 3. I took a position at 38$ with price targets shown on the graph. NOT A FINANCIAL ADVISOR. Happy trading!
Looks like #AMC is slowly coming positive, We will see resistance at $42.37 and if broken we will see the next resistance at $45.01. Unfortunately, Live Stream on tradingview has an issue so same Live Stream of TradingView chart and Setup you can watch on YT, Click below YouTube Button to join Live trading Session on YT.
We are still on for a huge wave up should the dust settle from all the noise. Keep your stops tight at this level and let's make some money!
Just charting supports and resistances that i see. I think if we dip below here we goto 36 briefly then 32ish before hopefully getting a healthy bounce. The entire market is red today, obviously we would get hit too. Crypto is down, stocks are down, and silver is way down. So just take the dips as opportunities when they present themselves to DCA . Upside targets...
The WHITE line pattern indicates AMC currently. The GREEN line pattern( Which I purposely offset to see easier) was the exact chart pattern with a 5 minute time frame from May 13th to May 24ths breakout. I think we will see a little deep for the next two weeks and then come beginning of October... the just may be upon us..... Friday-17th We should See some...
SNIPER STRATEGY This magical strategy works like a clock on almost any charts Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading. It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave. The best timeframe for this strategy is Daily, Weekly and Monthly...
I see AMC going all the way up to at least the 60 area for the third wave, in the next week or so.
AMC Entertainment Holdings, Inc., through its subsidiaries, involved in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of March 12, 2021, it operated approximately 1000 theatres and 10,700 screens in the United States and internationally. The company was founded in 1920 and is headquartered in Leawood, Kansas.
Play the long game, Current idea where we are at in the cycle. Were so close folks!. Dates are rough time frames, Just going based off of previous pattern that the chart is following relatively close.
We have a cup & handle forming on the week! Calls are in the money... short interest is up... box office sales out of the roof this weekend... the squeeze isn't over just yet...
1 hr Chart As you can see, we have previously seen a 5 wave move then breakout. We may be repeating a similar 5 wave pattern. Above $48 range there is much room for growth. 20 EMA Bullish Cross Above 50 EMA. MACD showing weakening downside momentum. Looking to reverse soon. DeMarker Indicator showing gaining strength and looking to breakout soon. Please let me...
Now, now hear me out i'm not one of the greatest fan of meme world but heck this is lining up a very long line to a very profitable next couple of weeks. Now, bear in mind this is a phase and frenzy so could totally be shot down if the market makers decide to. Chart speaks for it's self.
Don't know if this is a typical situation, but appears to be a cup and handle of sorts.
Despite AMC & GME having either bad business models given the era we live in or bad financials or a mixture of both, the meme stock craze doesn't seem to be going away. AMC currently at about 17-18% short interest of free float and GME at about 12-13% short interest of free float. Neither heavily shorted, but there is some juice. Clearly neither as short as during...
30 Minute Chart As you can see, previously we dipped down 17% from $39 to $32. Then we went from $32 all the way to our current highs of $48 around a 50% gain. We have now seen a drop of around 17% from $48 to $40. MACD is also showing signs of crossover to upside. RSI showing a similar trend which we have hit the 30 level on RSI. In both RSI patterns we have...