AMC has broken out of an ascending triangle pattern with a technical target to $24.71
Coincidently $24.71 is the line of resistance the price has been stuck under since it put in it’s all time high.
The crossover of the 21 and 55 ema on the daily timeframe is a very bullish statement for AMC. Furthermore, holding the 21 ema on a retrace will put the stock in a...
I'm new to charting and to TA in general, as well as the entire market, only been in it for about 9 months. Just started learning TA about 4 months ago, so bear with me. But, as seen in my chart I do see a major technical breakout incoming, it should break this wedge on the 4th test upwards of the resistance line, break it hopefully, and upward skies from there!!...
⚡Bottomed out on monthly Ichimoku Cloud
⚡Bullish Divergence on the MFI
⚡Bottoming signals on the Vix Fix Indicator
⚡TD-Sequential red 9 (Indicates bottom, more accurate on larger time frames)
⚡AMC needs to reclaim the monthly VWAP above 13$
⚡Break the 14-16$ Resistance
⚡Break above 18.75$ (Monthly Ichimoku Cloud resistance) for larger moves
⚡Bullish Options Chain,...
⚡Bullish Divergence on the MFI
⚡Vix Fix strong bottoming signals
⚡7.86 Fib Retracement measured from the trend reversal candle (43$), this area stands as strong support confirmed by large VPVR node
⚡TD-Sequential red 8, often reverses the trend once spotted on larger time frames
⚡Big volume support trendline at 10$
⚡Liquidity zone between 7.5-10$ (Strong...
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...
⚡Possible retest of the 7.86 Fib (11$) Strong VPVR support, this would also test the previous 0.5 Fib which acted as strong resistance, confirming this support is a sign of reversal
⚡Golden pocket reistance 16.9-18.8$ Confirmed by VPVR
⚡23$ resistance confirmed by 0.5 Fib + Ichimoku Cloud resistance
⚡28$ Resistance 0.382 Fib confirmed by volatile candles
⚡34$...
A trendline can be drawn showing a resistance area, which now could be considered a support area
This is a resistance / support analysis
The shift from bear to bull market is in green
Emergence of the 200MA allows an assumption of a support as it aligns above the down trend line
I was messing around with the bar pattern tool and found a strong similarity in the movements from May to June compared to where the stock is now. Not only that but there is upward momentum that starts around earnings "5/9/22" which is a beneficial catalyst. Also with this rate hike causing the cost to borrow to go up, I'm feeling pretty BULLISH about what is to...
AMC has for the last couple of days been trading under a descending channel. This pattern has started from the resistance of 20$. As of now we are seeing a slight retracement because of the earnings. MFI is heading down which indicates that money is flowing out of AMC on the 1H chart. Earlier today we had a retracement to 17.55$. This level succesfully bounced the...
As predicted in my last thread AMC made a retracement to the mid 14$ level. This level is significant due to the large VPVR node making it large support. This level has successfully once again bounced the price. This level of support has been respected for 1-1/2 month. Hopefully this is the last time we retrace to this zone. I am really confident in the fact that...
AMC is finally ready for an upswing.
Strong bullish divergence on the MFI + CM_Ult_RSI + Bullish TK-Cross on the Ichimoku Cloud. All these indicators are illustrating a possible trend-reversal. In addition, todays volume was almost 170 mil, this volume was last seen in August 2021.
Most likely we will see continuation of this trend due to the fact this move is...
AMC is beginning to look ready for a reversal. We had a rough retracement to 12.90$ before the price bounced back to 15$. We managed to close a daily candle below 15$ which was not a good sign at the time. This daily close means breaking the 200 Weekly Moving Average which is a level of significance. We also attempted breaking a large VPVR node on the chart...
For the past couple of days we have had a lot of bullish patterns playout. The left chart is the 1h chart which i will present now:
The falling wedge broke to the upside which caused a nice rally for AMC. Later on we formed a rising wedge which luckily broke to the uspide. As of now the price is consolidating in a symmetrical triangle that is ready to breakout....
Early in the day we got rejected at 34.3$ which is hard resistance.
Support was later found at the 7.86 Fib (26.4$).
Worst case scenario support 25.45$ (MA-4). Also confirmed by VPVR node.
We have also established strong support at 27.3 (MA-1).
28.10$ is also valid support confirmed by the 6.18 Fib and a large VPVR node.
MFI is trying to cool off, still...
⚡15$ Support confirmed by VPVR node + golden pocket retracement + 200 week sma + 2 trendlines of support (Previous resistance)
⚡MFI breakout could lead to a massive rally
⚡18-20$ resistance confirmed by VPVR node + resistance trendline + 0.5 Fib
⚡23.5$ Ichimoku Cloud resistance
⚡0.236 Fib resistance needs to be broken for bullish price action
⚡Worst case...
Analysis...
The impulse from the low of $1.90 to a high of $20.30(27Jan 21) was the beginning of the yellow intermediate degree wave 1. The correction of that degree brought the price of AMC stock to $5.23 which completed wave 2 in the yellow intermediate degree in-turn beginning wave 3 in yellow which should unfold in 5 wave in the red minor degree(one degree...
