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...
Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The AMC stock has been gaining more and more upper momentum in the last few weeks, After the price dropped to $29.09 the market has been rising by the day, and the long and...
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
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...
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,...
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 MACD on Daily curling, possible correction is over if AMC can break through that resistance. If so then wave 5 is on!
!!!! Not Financial Advice !!!!! AMC seems to be forming a reversal wedge pattern. This would fall in line with the earnings report for Q2 being released next week. Given the jump in share price from May to July this should indicate an increase in equity netting off some losses the company may have had. The pattern shows a possible scenario within the next 2 weeks...
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.
- Reached dynamic support zone - Wolfe Wave forming
3 possible breakout chances. Otherwise further down.....
Short the bounces! We have multiple sell signals at the top and now we have a classic bounce formation, strong drop probable.