AMC is in an uptrend but not Bullish, We are failing to break a wall for the last few weeks and it's currently a range bound and not 100% Bullish. 7% Move higher or 7% move lower should not be considered as Bullish trend or bearish trend confirmation.
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...
So AMC looks like it has failed to break out of its down-channel, I hope to pick up AMC around $23 before it gets squeezed into a symmetrical triangle from the trend line going back to the sym formation at the start of this year, which led to the parabolic move up to $73. I think we need to complete this triangle pattern before another parabolic move up, we have...
AMC needs to break and hold above $44.00 to move forward Major resistance estimates at 44.00, support at 39.30
AMC potential squeeze setup trend lines and zones of potential new highs, look for explosive August 31st or beginning of September..
AMC trend patterns and lines with potential zones for all time highs look for explosive August 31st or beginning of September... Gamma squeeze potential!!
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...
As you can see AMC has formed a massive price channel. Each time it made contact with the bottom of the channel it was the beginning of a massive run gaining over 500% in very short period of time. After each run, price pulled back 50-55% and raced back to the top of the channel to repeat the cycle. The top of the channel is ~$200 Options expire 9/17 So what do...
When looking at AMC's price action in the previous months, September, particularly the week of 6th-10th, is looking real bullish for AMC. The first squeeze attempt happened Wednesday January 27th, the second Wednesday June 2nd. Both occurred in weeks where Monday landed on a holiday. Is it a coincidence that AMC's price action is rising and that September 6th...
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...
I'm not about the HODL life, however I love trading volatile assets such as AMC, Cryptos and Index/Commodity Futures. Here's how I'm planning to trade AMC. I am not sure if this is just a pump and dump or the beginning of another bull run for AMC, so I'll have to see how it reacts when it comes down to the Possible Value Area. It's good to see the volume spike,...
AMC rips above the 0.50 fib line and gets rejected near 0.382. Either the momentum will carry AMC above 48.00 and squeeze, or it will channel between 40.00 and 48.00 for new higher lows. Either way, congrats to everyone who's held on, and to everyone who's weathered the storm and bought below 38.00. Blue skies is all I see!
Well, assuming that we get a squeeze we might get up to $100. But $100k, thats a joke. This is not financial advice.
THIS IS THE START OF THE GAMmmmMA SQUEEZZZZZZZ #amc Will Change Many PPL LIVES
For anyone who is unsure what is going on with AMC, I created this chart to help people better get a grasp on it. AMC is currently in the phase following a Death Cross [50 Day MA crosses below 200 Day MA) and where Volume has depleted. So it is currently dead in the waters. Until Volume starts picking up and we get a Golden Cross , there's not much to see here....
AMC looks like it is primed for a run back up, their is heavy support at the $30 range and it appears a breakout opportunity is forming.
Falling Wedge = Bullish 24 Dollars will be a big support/inflection point