@brokerbob made a great point that my previous drawing was pointing out more of a bearish downtrend. I wanted to make a quick video highlighting the now bull flag that we are working on.
A lot of People, "traders" dont want to hear it. But the Trumpets are sounding. Is this the retreat of the Ape Army on AMC? Can they mobilize $25,000,000 or come up with 250,000 trades tomorrow? 3 days and your lottery ticket will be OTM.
Tuesday update on the AMC Battle.
What's going on?
I was expecting a much higher trading volume for AMC. But it barely...
Looks ominous, however a lot of strange things have been moving this stock. Obviously it's a meme but sometimes technicals get these right.
Using strictly the 80/20 rule I put this at 80% chance of downward movement. Probably not a brisk movement at first, but it'll visit $34 again
**NOT FINANCIAL ADVICE** The more this plays out the more confident I am in my prediction. Weather this causes the squeeze or not is irrelevant, the important thing is that we are in the middle of a VERY bullish bull flag type setup which can have some beautiful price movement to the upside. Now is the time that I will be reloading on some discount AMC before we...
The day ended with black candle 52 % continuation.
We entering in to 10 days bouncing continuation. After 10 days we will see nice price action UPTREND.
Believe in the cause fellow apes!! We are right on track and not far from a potential gamma squeeze caused by in the money call options! **NOT FINANCIAL ADVICE**
Hello Community!
When looking at the 4hr TF, AMC has made a higher low after a double bottom and is looking to retest the 55 ema, the orange horizontal resistance line, then the diagonal line shown. On the MACD we can clearly see a bullish set-up. On the RSI, it's gaining some strength and if this channel and triangle break upwards, we can expect to see prices...
The 10 period linear regression line has crossed the 30 period regression line in the direction of the midterm slope (90-day regression line) setting up a possible move to the upper band (now $67). Long with confidence and cut losses upon a reversal of the trend.
Strictly speaking, I sold bull put spreads. Same thing as a long.
What this means is that you sell...
The Fibonacci ratios are widely used among traders to help identify potential areas of reversal in the movement of price action.
The Trend-based Fibonacci Extension tool utilizes three points on a previously identified trend in order to draw the Fib ratios on the chart.
In the chart above, price was rejected twice at the ~$35.50 level, forming a double top...
The day is made.. Another Stack Of Bands has been wired over as I continue to spend my entire families net worth on these god tickers. Even though the pessimist sees difficulty in every opportunity shown, This my comrades is not one of them. What you take from that statement is to buy the dip and not to be spineless shills no matter how hard your wife's boyfriend...
So far we look to be on track with my prediction from the previous video. Sorry for the audio bad mic on this laptop. Congrats to those able to scoop up some more shares at the previous low and lower your overall dollar cost average! For now I will HODL on with you all! **NOT FINANCIAL ADVICE**
In my previous elliot wave post, I expected a correction from $46 to the 61.8% fib. We are currently at that level and tested it three times. Expect a bounce from here up to the notorious 60ish region for our third wave. I will link my previous counts so you get an idea of the bigger picture.
Any comments and questions are welcome. Don't forget to follow if you...
MANY TRADERS / INVESTORS WERE CRUSHED WHEN AMC WAS CUT MORE THAN IN HALF A FEW WEEKS AGO. DO NOT DESPAIR! AS AMC WAS FALLING LIKE A ROCK, IT WAS SIMPLY SEARCHING FOR A WEEKLY HIGHER LOW.
WITH THAT IN MIND, IT MUST BE UNDERSTOOD THAT AMC WAS ALSO TRYING TO SET A DAILY HIGHER LOW COMPARED TO $31.15!
BULLS WILL BE EXCITED TO KNOW THAT AMC'S DAILY HIGHER LOW HAS...
Amcor Plc operates as a holding company, which engages in the provision of 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.
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