The carnage is gaining causation.
Meme Stonk of the Jungle is beginning the next move lower.
80% Wholly owned by Retail Apes, Chimps, and Monkeys.
"Stick it to the Man"
Yeah, naw, that is not a Plan.
Failure to deliver (FTD)~ When a trader of a security can not meet all of the obligations of the trade at the time of the sale.
How FTD's are effecting AMC is done by Big money traders trading these FTD's between each other which continues to impose selling pressure.
When a single stock is a FTD (NOT THE TICKER/COMPANY), there is a owner of that Security. When...
When it comes to CME's, common talk is price will re-trace to the gap at one point in time ( Can be sooner or later ). On this chart you'll see the various CME's in AMC but the most significant ones relative to recent price action are 2 CME's
51.55 - 51.69 (#2) 14 Cent Gap
38.88 - 38.14 (#1) 74 Cent Gap (Empty box near MA's)
Market open Monday should retrace us...
Scholars running the show are now, after denying the fact that the Evergrande mess was contained, are now admitting that the ramifications could spill into the U.S. Economy.
Also sent out a WARNING that the act of holding a meme stock threatens the stability of the U.S. Financial system.
I would like to point out that holding meme stocks...
The handle of this pattern is just about complete. if we break 44.34 which will end the cup and handle pattern, the measured move, is right around 54.33. Under normal circumstances and I stress the word "NORMAL", the measured move generally exceeds the dip of the cup. Under FOMO its anyone's guess where it goes. Either way apes, the bananas are on sale! Get some...
Looks like we're seeing a shift here with the buying pressure starting to come in, We need momentum to continue if we expect us to finally break out of this Wedge/Triangle though.
I've been grabbing leaps and shares every chance I get, The longer these institutions prolong this the more violent the breakout will be. RSI, MACD & STOCH are in great positions IMO,...
smooth bullish structure it broke the higher high, higher high structure and then move it further to break the all-time high I am anticipating going long once it will cross the 2.52 usdt will high volume my first target would be most probably3 usdt then 3.30 usdt and the 4 usdt futher
Looks like we have a Mini-Breakout here finally, setting up an IHS on the 4 hour/ daily, MACD crossed up with momentum continuing and RSI 50 line trend being crossed above as well.
Looking for some price consolidation from here tomorrow and a bounce off the RSI trend line to let the STOCH cool down a bit. All in all looks like a nice entry should show up tomorrow...
AMC cup and handle pattern still in play. Let me know what you guys think of this in the comments. The blue channel is heavy support and resistance. If we break the blue channel to the downside NEXT WEEK, chances are AMC will be bearish for a good deal of time. Best of luck apes. IM HODL
Yellow line is IPO resistance.
Also note- This friday was the...