Earnings later this week, in for the pre-earning bump.
Small caps seem more resilient than the rest of the market, China doesn't really affect movie goers anyways.
Remember, earnings are a crap shoot.
Very confident that this will go back down towards the low teens; then eventually have a big fall out of this channel;
Obv, a lot of consolidation along the way.
AMC has been getting some decent hype with its subscription service, but the company is still far from profitable and not expected to be until next year. Technically the stock is in an ascending wedge pattern, which is bearish and is encountering some heavy, historical resistance levels. In addition, the stock price is sitting near the top end of the wedge channel...
AMC appears almost ready to emerge from a lengthy bottoming process that started with a H&S bottom, then extended into a rising triangle.
The stock has been spending alot of time near the upper end of the range and seems likely to need only a modest amount of additional work to move to higher levels.
The huge short interest could help propel the move higher.
I have been observing this stock for a long time. There is a rounding bottom and the prices have been crossed the Simple moving average 200 daily. They designed a first pullback on the SMA 200 that was a nice opportunity for a nice operation. Now we are in a phase that seems a new pullback. The time cycle seems at final countdown. In my opinion is a nice...
I have been observing this stock for a long time. There is a rounding bottom and the prices have been crossed the Simple moving average 200 daily. They designed a first pullback on the SMA 200 that was a nice opportunity for a nice operation. Now we are in a phase that seems a new pullback. The time cycle seems at final countdown. In my opinion is a nice...
Although there has not yet been a breakout, AMC appears to have put in place a H&S bottom with a neckline corresponding to the previous gap down.
2017 was obviously a horrible year for movies (and theater operators), but 2018 has a much more robust calendar that is likely to result in a much more robust financial result for AMC and other theater operators....
AMC started to heat up again. It has broken its 200 days moving average on bigger volume today. We think it will continue upward from here.
* Trade Criteria *
Date First Found- April 4, 2018
Pattern/Why- Momentum Breakout Long setup.
Entry Criteria- $15.63 (hit April 4, 2018)
Exit Criteria- Momentum
Stop Loss Criteria- N/A
Indicator Notes- Crossed...
AMC is another longer term play that we are watching from some time. It looks very interesting as it seems breaking out of a downward channel formation. It also has very good insider buying. We think it has strong upward potential.
* Trade Criteria *
Date First Found- February 15, 2018
Pattern/Why- Downward channel breakout Long; Longer term smart money play ...
There are not many stocks that are both down alot from their highs and making a recognizable bottoming pattern. This looks like one.
Q4 earnings will be much better on the heels of Jedi in a few weeks.
Looking for Cup and Handle Pattern: Buy in at LVN ($15.14 target) and push to $16+
- High RSI showing Overbought so caution on possible sell off
- Bounce off of VWAP with Volume Support good indicator that price may move further up
- Breakout after 10 Day Consolidation
- Expect early sell-off @ open with a quick buyback.
- If no cup and handle, expect sell off...
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
AMC
