I am holding $AMC calls post ER, days to cover on the short interest is 8 days and the float is sitting @ 55%. if it squeezes....this baby is going to like $12/share. Goodluck on whatever you choose.
We are finally seeing some improvement in the technical picture for $AMC. At $7, $AMC presents an attractive risk/reward play. We would buy $AMC and risk to new lows below $6.25 a share. With 56% of the float short, we will get a big short squeeze if $AMC starts running. $AMC reports earnings on February 27th, so keep that in mind.
AMC Entertainment Holdings,...
AMC is showing all the signs that a trend reversal is imminent. The descending wedge pattern has remained intact since its inception with the third (and final?) touch reacting perfectly to the structure. Volume has also been picking up recently and RSI on higher timeframes are signalling a bullish divergence. Of course, there is always the fear that earnings and...
I've been watching this thing bleed out for months now. The divergences have formed and it looks ready to break out from both wedges . The entire monthly chart is a giant wedge and the last 16 months have also formed a nice wedge too.
Wedges upon wedges with divergences means a reversal is likely near. Targeting a golden pocket fib extension at $12-13. The...
This idea was highlighted to me by DrunkMonk. Thanks, mate.
Indeed I see here a clear buy opportunity. I do not know what AMC is .. quickly googled. It is involved in the theatrical exhibition business. Deeply in debt.. but the business is undervalued. Barely profitable. Paying huge dividends.
Well, Elliot says up - I buy.
Could be an Earnings play or may take longer either way 50+% Short interest on a stock that's been trending down for a long while...They soon will want to take profits and the rest will get squeezed for some nice profits. Add to watchlist for future play on AMC.
Nice falling wedge on AMC.
Multiple bullish divergences on RSI
I believe we see bottom at about $7.10-$7.20.
Multiple trendlines to break, but medium term outlook (2 months) is $9.60
Likely completed 3-3-5 correction from ATH, but Does the bounce from 7.47 to 8.71 qualify as a leading diagonal? Hard to tell if they are all zig Zags or not on the 5 & 15min tf. Looking very bullish on longer timeframes. Failed to tap median line of the Andrews' pitchfork and upper warning line is now shown as support. Tapped the bottom of the channel in the...
Not financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk.
Let's face it. AMC hasn't had a good run the last 2 years. We started a bit of an uptrend in July and I am betting it will continue. We're below some key moving averages such as the weekly 21EMA and the monthly 21EMA as well but...
I've been waiting for AMC to turn and break the downtrend. Now i am afraid that it'll go up until the ER and then drop again...
How far do you think it'll go? I'am asking for a friend.
AMC Entertainment Holdings, Inc. engages in the theatrical exhibition business through its subsidiaries. It operates through the United States Markets and International Markets segments. The company was founded on June 6, 2007 and is headquartered in Leawood, KS.
AMC
