This week was a sliding down the slope for AMC. As predicted it didnt go below $30. And it will not do tomorrow. It just dipped below 30 for one hour just to come back into the profitable range for the Market Makers. Tuesday the trading volume with Calls vs Puts, was 136% Puts. The tide keeps turning. Wednesday the trading volume hit 90% CPR, Call to Put Ratio....
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...
Please take a look at my observation and feel free to leave some feedback.
- Reached dynamic support zone - Wolfe Wave forming
3 possible breakout chances. Otherwise further down.....
I said yesterday and the day before: "The Market Maker Sweet Spot moved slightly from $40-38 to $38-35. At $38-35 closing of the week it will have the Market Maker paying out about 5.6 million Dollars. At $33 it would be $11 million so they will stay above that and at $40 it rapidly goes up in costs for them. They will stay below that. Range trading tomorrow as...
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!
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.
AMC on the daily chart is finding support around $31.27 at the writing of this post. I currently see the bullish reversal happening if this ticker moves back above $37.12 to break that downward pressure. If AMC sees a bounce soon, look for a strong resistance around $54.37. Overall, $54.37 has been a critical value in this trade with anything above it being...
The cat's outta the bag with AMC ...it's a popular stock I guess (joking). But all jokes aside, the apes remain steadfast in their message but it's also time to revisit the technicals. After retracing from lows earlier this year, the Fib levels and current support/resistance areas on the chart seem to be lining up. The 50 Fib line is clearly a pivot that used to...
On the chart you can visualize better the 2 Fibonacci retracement levels from where we can see a potential bounce up and the strong support in the 16usd range. All retracement have also the price targets on that arrows heading up after reaching the various support levels.
Diamond hands will pay off soon enough. Information of TA indicated in the chart .
This is by no means a negative outlook on AMC, but a more realistic one. There are two options for the path of the stock displayed above.
AMC definitely not looking great. No matter how I try to see this, I don't feel like this is a super bullish chart? AMC got above 30B in Mcap after a major squeeze and was one of the meme stocks that did very well. In Market cap terms it was definitely the largest ever if I am not mistaken. The truth is that the short interest is still relatively high, but I don't...
Could be looking at a double bottom here, if so next weeks going to be nice :) Keep up the good work apes!!!
SUPORT 51.07 AND 45.33 TARGET 65.73 - 73.48 - 95.37 THIS STOCK IS HIGH-RISK HIGH-REWARD STOCK BUT ITS WORTH IT!!!!
In our analysis of the AMC stock, we expect the price to explode quite soon… again. Before the price hits $37.71, we expect the course to turn around and push for prices around $95.17 and potentially higher, if the stock price breaks out above $101.17. Clear thing: Hyper!