With how volatile AMC is right now, technicals aren't always in our favor. It's likely we will see one of two scenarios happen tomorrow.. Diamond hands & FOMO would be the reason we end up GREEN tomorrow. Paper hands & FUD would be the reason we end up RED. Pick your pick.
Are we going to see a bounce at 25.67 or still a few more down before heading back up? Major support estimates at 25.67, 24.60, 23.50, 22.40 Major resistance estimates at 26.75, 27.80, 28.90, 30.00
Looking for a bounce off of the Fibonacci Retracement.. In January, GameStop ran to $40 after this breakout, are we next?
AMC is now riding the 50 day EMA.. if we compare the previous Fibonacci Retracement, we can see AMC bounced off 7.63, and 9.94. Would love to see a replay in the coming week!
Video update and technical analysis on $AMC REMEMBER THAT VOLUME IS YOUR BIGGEST INDICATOR
AMC looking to break resistance at 14.54.. it's likely the hedge companies will do everything in their power too keep the price under this level. Would not be surprised we trend sideways for a day or two. Once resistance is broken and new support is established we could climb to $50 very quickly.
AMC Entertainment Holdings Inc (NYSE:AMC) was a potential breakout candidate. It has since mounted an impressive rally. Congratulations to those in, or who have profited from AMC alert. To see a sustainable move going forward, the stock needs to consolidate here to weed out the sellers and get ready for the next move higher.
If we take a look at the January chart, we can see it took AMC about 3 days to reach $25 from $5. That is 5X! Volume on January 22-27 22nd - 265 m 25th - 434 m 26th - 393 m 27th - 1.2 b Volume on May 13-18 13th- 294 m 14th - 206 m 17th - ? 18th - ? If history repeats itself, AMC would reach $50 next week. And this would just be the start. Remember,...
My other chart was posted as weekly this one is daily, same description applies.
Ignore the FUD!! The shorts are running out of ammo, this is their last attempt to try and take us down by spreading false information to make you sell! Holding is our best weapon. HODL and I'll see you in at the BIG squeeze!!
Today's breakout is a very nice thing to see, but I think the real date to look out for is May 4th as we're a bit above the rim and we could come a wee bit down from here. I'm thinking either that happens or we see this rocket really take off. Rumor has it that retail owns the float on this badboy, so if the price climbs those with short positions are really...
Due Diligence on AMC Entertainment Holdings, Inc. Earnings report states theaters continue to reopen across the United States and internationally. Many Americans are wanting to go back to the movies with their friends. AMC has been oversold for essentially the entire year of 2020. During lock-down restrictions their profits shrank to nearly 0. Their website has...
AMC isn't getting as much institutional attention, and I think it's going to make a lot of people rich. My prediction is a pullback at around 18 to 22, and then it'll really blow. Similar to GME, there will be some dirty tricks to short ETFs that hold AMC shares, dark pool fuckery, all the stuff we've seen them do with GME already (and continue to). They can't...