Controlled accumulation, a likely Dark Pool buy zone, developing for AMC. Friday had an uptick in volume. Compression patterns can have an explosive momentum move on the breakout. The last run out of a base went for 17 points.
Fibs in green, ascending channel (bear flag), target is 9.42, next would be 7. Channel was copy and pasted below as is the traditional measure for an ascending channel. There is confluence at the EQ and 9.42, as well as with bottom of channel and 7. (Note to self) Continuation patterns happen more often than reversals.
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 /...
What's the statistical likelihood that two stocks run a near identical pattern SEVERAL YEARS apart from each other? Imagine knowing what's to come. Date unknown. Predictable is manageable, that's why.
The First Public post Since April 27, 2022
However, I published more than 50 analyses but did not publish them publicly..!
Will post them soon!
What Is a Short Squeeze?
A short squeeze is an unusual condition that triggers rapidly rising prices in a stock or other tradable security.
The security must have an unusual degree of short-sellers.
When Contrarian...
This is my analysis of AMC for the next few weeks. I am not experienced, and I have no financial background. But, I enjoy it and I would love any feedback you have for my charting/predictions.
I think AMC is in a Bullish flag similar to the one we saw in February. Right before it spiked up to $30. The MACD just crossed over on the daily last Monday and she has...
Amc broke below the macro trend and found major support at 10. The market is looking ready for a trap rally in preparation for the rate hikes and fed balance sheet reduction next month. This, coupled with global macro-economic pressures like the inflated US dollar incentivizing commodities to be priced in new foreign currencies, declining US GDP, general...
Our multiple chart layout tool gives traders and investors an easy way to study multiple symbols or timeframes at once. In this post, we'll explain five ways to use the multiple chart layout feature to optimize your process.
Chart different timeframes
If you look closely at the charts above, you will notice that there are different timeframes for each chart....
Since the pandemic, AMC and other stocks have been heavily manipulated and we are feeding more and more to the kolaps. It's not financial advice just a technical analysis from my side
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!
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The wave C of wave ((4)) is to complete and we are going to ride on an impulsive wave ((5)).
One can take safe entry when price breaks parallel channel or Enter at wave 5 of wave (C)
As per rule wave, 4 can never overlap the starting point of wave 1 so our SL will be high of wave 1.
Note: the retracement of wave...
Amcor Plc operates as a holding company, which engages in the consumer packaging business. It operates through the Flexibles and Rigid Packaging segments. The Flexibles segment develops and supplies flexible packaging globally. The Rigid Plastics segment manufactures rigid plastic containers and related products. The company was founded 1926 and is headquartered in Warmley, the United Kingdom.
ASX
