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!
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...
AMC's been systematically hammered by Wall St, a term that includes all banks/firms manipulating the price downward . It's touched the 0.618 fib line (~33.00) and bounced off it with equal energy. Kudos to everyone who's waited patiently to load up according to the fib lines! This is no guarantee that AMC will shoot back up to 50.00+, but it looks very promising.
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.
Here we are looking at Heiken Ashi candlesticks to get a better picture of the overall trend in AMC over the past couple months. The RSI and MACD both at neutral/oversold and look ready to reverse to the upside. Price tested lower bound of Bollinger Bands and bounced HARD back above it. A bullish Harami was created friday July 9th indicating a possible reversal of...
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.
This is a manipulative scheme that attempts to boost the price of the stock just like GameStop's price movement. The financial recommendations are based on false, misleading, or greatly exaggerated statements. The perpetrators of a "pump-and-dump" scheme already have an established position in the company's stock and will sell their positions after the hype has...
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...
AMC showed weakness at the ATH, so we may be getting a correction here. If so, we just need to see when it is done correcting and establishes a floor. If it stays above $40 AND establishes a floor here, that's a great sign. However, if it falls below $40, we are looking for it to establish a floor at the next two levels. If it breaks below that and goes to the...
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!
$AMC actually may have a chance has a major reversal last week brought it back above support!
Even with the pathetic attempt to create FUD by the media and Iceberg "Research", AMC is still plowing through the bull flag. Observing the way it bounced off that bottom edge of the triangle makes me even bullish than I already was. AMC is NOT comfortable outside of the channel. Consolidation continues with a breakout to the upside on the horizon.