1. Support area of 45.60 was broken. 2. Retest of broken support now turned resistance area. 3. Retest of resistance now turned support area. Trade Idea 4. If support holds, and candle break above the 48.20 candle's high. We might see price tapping 55.
NOT FINANCIAL ADVICE Bull Flag formation on AMC if it breaks through the resistance(s) (both flag resistance and normal resistance ), into a bullish/uptrend. Support - $42 Resistance - $43ish Breakthrough Bull Flag - $44.50 If falls through levels of support, sell signals should come from supertrends. If breaks through levels of resistance, should see...
Channel with Elliot wave progression happening? We look like we might be finding support here.
take a look at the 200MA with the fib @ .618 right before todays pump.
Brand New demand zones have been created after hitting higher timeframe DZ. Great buy opportunity up to around $50 where we expect THE BIG SHORT. Short term LONGS. Long term SHORTS. Summary: New long opportunities created for the next few weeks. Big Short at around the $50 mark.
THIS IS THE START OF THE GAMmmmMA SQUEEZZZZZZZ #amc Will Change Many PPL LIVES
AMC quarter revenue $444 million vs an estimate of $382 million, adjusted loss per share $0.71 cents vs The Street expecting a loss per share of $0.93 Consolidated attendance was 22.1 million for Q2 compared to 100,000 year over year But the real great news is that AMC has now the chance to break-even on cash flow! They are burning less cash! My target is...
Looking to buy some AMC on the following levels. All are based on weekly levels (Former strong Resistance and Supply areas). First one is a bit adjusted to that big gap (orange circle). Same target (Close of big Swing High). Will close full position on target area. Dont forget: - Watch your Risk management - DYOR (Do-Your-Own-Research) - This information /...
Please take a look at my observation and feel free to leave some feedback.
3 possible breakout chances. Otherwise further down.....
In my previous elliot wave post, I expected a correction from $46 to the 61.8% fib. We are currently at that level and tested it three times. Expect a bounce from here up to the notorious 60ish region for our third wave. I will link my previous counts so you get an idea of the bigger picture. Any comments and questions are welcome. Don't forget to follow if you...
In my previous post, I shared my Elliot Wave count on the macro-scale. I also stated that monday will either make or break my reversal thesis. As you may have guessed, today's price action confirmed the reversal, for me atleast. Now, let me walk you through my EW count on the micro-scale ( assuming we bottomed and now in a bull trend). Today, we closed at $43.09...
Volume finally broke out today. We need that 136 million volume every hour not every day! AMC must test the monthly trend line support of $31.40, that is where I believe the bottom of the flag is. We broke out of a massive triangle but if AMC bounces hard off around this $31 area, it would appear that the triangle was actually much MUCH larger than we thought...
Is this the sign of a potential reversal? Or a dead cat bounce? AMC Entertainment is strong in the Pre-Market, bouncing from the strong fibbonaci retracement level of 0.618: I`m looking forward to read your opinion about it!
I placed this line some time ago and it continues to be a significant trendline on the chart. Keep your eyes on this one.
Real APE's know this price is an Illusion, the Real price will be revealed soon. For now we sit back hold and let it all unfold.