AMC Short Term We look to Buy at 14.20 (stop at 12.69) Broken out of the channel formation to the upside. This is positive for sentiment and the uptrend has potential to return. There is scope for mild selling at the open but losses should be limited. Further upside is expected. Our profit targets will be 18.64 and 21.01 Resistance: 20.00 / 30.00 /...
This is how I think the wave count will unfold for next week. Check out my previous post on AMC showing prequel before this move.
AMC has broken out of an ascending triangle pattern with a technical target to $24.71 Coincidently $24.71 is the line of resistance the price has been stuck under since it put in it’s all time high. The crossover of the 21 and 55 ema on the daily timeframe is a very bullish statement for AMC. Furthermore, holding the 21 ema on a retrace will put the stock in a...
I'm new to charting and to TA in general, as well as the entire market, only been in it for about 9 months. Just started learning TA about 4 months ago, so bear with me. But, as seen in my chart I do see a major technical breakout incoming, it should break this wedge on the 4th test upwards of the resistance line, break it hopefully, and upward skies from there!!...
AMC Short Term We look to Buy a break of 10.48 (stop at 9.53) The trend of higher lows is located at 10.33. This is positive for sentiment and the uptrend has potential to return. There is scope for mild selling at the open but losses should be limited. Further upside is expected. Our profit targets will be 13.86 and 15.50 Resistance: 14.00 / 16.00 /...
Perfect set up Fib retracement extension to 1.618 Target price $111.11 Let time tell us if its true
Trading within the upper range of the demand zone. I'll be always buying above 12.16 and sell below. The moon could be around 145 for me.
Sometimes current events seam like an organic component of the extension of the pattern. Short selling and hedge funds may be playing their games but it looks like their window of opportunity is limited.. Lets hope the pattern plays out. Let me know what you think in the comments below. This is not investment advice, but only my perspective..
breaking out from major support area 1st PT around 50dma and 2nd PT around 200dma stop if closes under 10dma for a couple of days
AMC Intraday - We look to Buy a break of 14.80 (stop at 9.61) Posted a Double Bottom formation. This is positive for sentiment and the uptrend has potential to return. A break of 14.50 is needed to confirm follow through bullish momentum. Further upside is expected. Our profit targets will be 29.37 and 34.30 Resistance: 14.50 / 20.00 / 30.00 Support:...
This chart is the run-up of May/June last year (2021) with my prediction of how this coming week will play-out if the past repeats. Dates in RED are current dates (this year) with the correlating price it was during last year's run.
If you haven`t sold AMC Entertainment here: Then you should know that AMC is close to our buy area: 8.11 - 9.90, from which it can reverse to 19.50. Looking forward to read your opinion about it.
Since the low of May 11th, 2022; AMC made an impulse to the upside and seems to now have completed a 3 wave correction of that small impulse which for now confirms my bullish move for the next coming months. Though I was expecting price to move into the bluebox but it fell short but because of the nature of the current price action I then can now no longer look...
Check it out, the aqua blue and orange lines represent the downtrend we've been following since the March run-up. Today the price is being pinched between both lines. Monday could be the day. Not saying MOASS on Monday but probably time for some upward momentum.
Alternate view in play from last weeks analysis... We are still bullish on AMC, but however a slight change occurred when price broke below 12,72 meaning that the price is now completing a 11 swing sequence (WXYXZ) to the bottom of the channel and expecting to bounce from around the bluebox area of 8,30 and (not expected to go below the bluebox(5.23) from which...
A trendline can be drawn showing a resistance area, which now could be considered a support area This is a resistance / support analysis The shift from bear to bull market is in green Emergence of the 200MA allows an assumption of a support as it aligns above the down trend line
If we look at the chart, we can see AMC close to complete a triple bottom, which is one of the most bullish chart patterns out there. It has just touched the oversold area from which it bounced. My new price target is the $20 resistance. Looking forward to read your opinion about it.
AMC that is the point where it should be bounce back higher. AMC must hold 20$ otherwise we will dip down to 15.