If we take a look at the Jan-May cycle we can calculate the amount of days it took from the first squeeze to the second. So from Jan 27th - June 2nd was 87 trading days. In that cycle, the bottom happened a few days after the squeeze. The cycle we are in now from June 2nd - now, the bottom has been placed exactly 2 times of 87 so 174 trading days after. If you...
!! Not a Financial Advice !! In the last post (linked below) I explained why it is important to regain the weekly uptrend. I have seen crazy numbers about AMC. The exchange reported short interest sits above 20% for the past days, the utilization is almost 100% (all the shares that can be used to short the fook out of AMC are already burrowed out) and the...
AMC starting to get "some" wind back in the sails. This could be based on "hype" from press releases and upcoming optimism on the earnings coming due with about 3 weeks. AMC has been issuing a plethora of bonds, so that is something else to keep in mind when it comes to Coupon Payment Dates and Maturity Dates. For me, AMC is boxed in between the $12 - 20.00 with...
we have a test to our resistant at exactly 20.80$, which we talked about it in our last prediction, now if we hold our support, and confirm that we still doing higher highs, will see a break to this strong resistant , and then test the 25$
NYSE:AMC amc looks like a distribution pattern when it is flipped around. Also elliot wave theory shows that it possibly has finished its correction and is ready to begin another impulse. TARGET 1: 40 TARGET 2: 72 TARGET 3: 115
im not a complete AMC perma bull but for another short squeeze type scenario to play out, this isnt too bad of case to suggest may happen
AMC - Short Term - We look to Sell a break of 20.12 (stop at 22.18) Trades with a bearish descending triangle formation. A break of bespoke support at 20.55, and the move lower is already underway. The bias is still for lower levels and we look for any gains to be limited. Daily signals are bearish. We look to set shorts in the early trade. Our profit targets...
RSI looks like it's bouncing, not only that but so is the price after bouncing off the strong resistance of $14. Last time RSI was this low was NOV/DEC before the January squeeze from $2 to about $5, 150%. Not saying that's going to happen exactly. But history has a tendency to repeat itself and with this low of RSI we're at least guaranteed a relief bounce. But I...
Set alerts for these 2 trend lines. Breaking these resistance trend lines usually results in strong momentum moves.
More room for downside. Support at $12. Could be a great trade entry! :)
These last 2 months have caused a lot of uncertainty for stock holders on the market. This has caused shareholders to exit their positions due to fear of losing capital. The stock market has had a large retracement that is now about to reverse. In approximately 1h we have the Fed meeting. This meeting is going to be crucial for the stock market. If we get bullish...
If we push a bit more, we can get back on the weekly up-trend and that will bring more attention to the stonks. Congrats to all who surviving through rough times ;) You are the Chimp. To da moon!
It looks AMC bottom out and you can take entry if it crosses above 16.64 and hourly candle close above 16.64, if that's the case you can ride till 19.73 and take profit there and wait, If it crosses channel's middle dotted line then ride till 26.00 and take profit. but play within channel and 2 green bands for now and do not gamble big in the hope of Squeeze.
If you haven`t sold when the CEO did it: then you should know AMC will most likely touch another strong support, the 14 usd. My buy area is from 8 to 12usd now. Looking forward to read your opinion about it.
AMC has been trending in a descending channel with descending support and resistance. This channel was formed on the 8th of November 2021. The descending formation is valid due to the fact that we get selling pressure once the line of resistance is toutched causing a dip with bearish volume. The lower lines are levels of support. Notice the fact that these lines...
Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single...
AMC has been having a weekly bearish trend since the june run-up 2021 which saw its stop at the 70$ territory. As of now we are trading in a huge bull-flag which is a bullish reversal pattern. A breakout of this bullish pattern would cause AMC to go wild. For this breakout to be valid it has to be confirmed with an engulfing volume. The trading volume needs to...
(Not Financial Advice) Posting this scenario, constructed using the current (62 day Cycle) I have been tracking, as well as comparing them to both Doge's and Lucid's Cycle. This scenario also takes into account the possibility of a market crash event. The market is a bit shaky and there is a lot of uncertainty, if we see pressure start to drop the index's around...