AMC broke out of a large bull flag. The price target of this pattern is 72$.
We have also broken out of the Ichimoku Cloud which is a sign of strength. This movement is confirmed by engulfing volume.
We have mounted the 20$ level with significant volume (.786 Fib) It is also a large VPVR node making it strong support.
We also mounted the .618 Fib at 25.7$...
If you haven`t sold AMC here:
Then you should know that we are now close to a strong support area where a lot of traders bought the stock in 2021.
My buy area is between $9 and $13.60.
Looking forward to read your opinion about it.
AMC has been trading under a deschending pattern for almost a year. This pattern has sent AMC to the largest VPVR node at 14$. AMC has not managed to close a daily candle below 14$. This is a good sign due to the significance of this large VPVR node. The 14$ level is the largest zone of liquidity that needs to be respected for the bullish continuation of AMC. If...
It was a long time ago AMC closed a daily candle above 20-21$. This level is significant because it is currently holding us in a downtrend. The last 2 trading-weeks we have formed a double at the 21$ level which has caused a retracement to the largest VPVR node 14.90$. This level bounced the price once again and support was held. We have successfully broken the...
The market has been wild for the past couple of months. The economy is looking really bad which has caused the S&P 500 + other indices to retrace. This has brought selling-pressure to AMC causing it to trade in a large downtrend. Finally this downtrend has been broken. We made a quick push to get rejected by the 21$ level. This is a significant level for AMC due...
After a perfect touch of the strong support area:
AMC bounced back to the resistance.
The option market has mixed feeling about this area, slightly bullish though.
I think it`s a good consolidation range for accumulation.
Looking forward to read your opinion about it.
AMC has had a wild week. I managed to open a long position on 14.85$ which was basically the bottom of AMC. Since that we have broken this large descending wedge. This break is confirmed with a large amount of volume. This volume was significantly larger than previous trading days which is a good indication of bullish action.
As of now we are in the making of a...
On the 3D chart of AMC we are forming a red 9 on the TD-Sequential. This finishes in 2 trading days. We can wick below the 14$ level to grab more liquidity. Although buyers seem to appear at this level. This is supported by the large VPVR node that is located at 14.5-15$.
MFI is in a downtrend that has a tendency of breaking out. We are mounting the .786 Fib...
A bullish inverted hammer has been spotted on the weekly chart of AMC. This candlestick pattern is known to be a signal of reversal. Following with a red 9 on the TD-Sequential indicates that we are near or at a bottom. AMC is at a oversold state and is set to bounce. We are also at the bottom of the Donchian Channel. This indicates that a large reversal should be...
Today AMC managed to make a large move to the upside testing the high 18's. AMC is most likely going to have a retracement to 16$ to close the premarket gap. This doens't need to happen but it could be a likely scenario. The 18$ range has become a large resistance confirmed by selling volume and a large VPVR node. This resistance is also confirmed by the MFI which...
AMC seems to have bottomed out at 13.40$. The market was very slow at the start of the day. Although it caught up at the end of the day. This caused AMC to retrace to 13.40$ before bouncing to 15$. The TD-Sequential displays a red 9 on the weekly chart. This means that AMC is at a very oversold state. If the market starts recovering, so will AMC. The weekly MFI is...
These last 2 months have caused a lot of uncertainty for stock holders on the market. This has caused shareholders to exit their positions due to fear of losing capital. The stock market has had a large retracement that is now about to reverse. In approximately 1h we have the Fed meeting. This meeting is going to be crucial for the stock market. If we get bullish...
If you haven`t sold when the CEO did it:
then you should know AMC will most likely touch another strong support, the 14 usd.
My buy area is from 8 to 12usd now.
Looking forward to read your opinion about it.
AMC has been trending in a descending channel with descending support and resistance. This channel was formed on the 8th of November 2021. The descending formation is valid due to the fact that we get selling pressure once the line of resistance is toutched causing a dip with bearish volume. The lower lines are levels of support. Notice the fact that these lines...
Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single...
AMC has been having a weekly bearish trend since the june run-up 2021 which saw its stop at the 70$ 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...
Adam Aron, AMC`s CEO sold 312,500 shares on Tuesday, according to a filing with the U.S. SEC.
His total proceeds since November is $42 million.
Aron has still 2,302,760 shares worth more than $52 million based on AMC’s latest closing price, or maybe even less if AMC will fill the Gap to $16, which is possible.
After retail investors saved the company from...
