AMC Tarded Analysis.
AMC to breakout to $22.5+ or trade sideways into $13.5. Fundamentals don't matter here, this stock is controlled by the longs with only a little bit of resistance by the shorts.
-Wallstreetbets apes are holding since January and even more apes have bought into this "GME" for poor people play looking for a GME type of squeeze. The OG GME/AMC...
Check my last posts. We're still in the ascending channel and will probably be a slow week in it till the .618 ($11.20) level. Either break above and create a new support or hedgies will hammer us with sells to weed out the impatient
Critical level, I believe this will pop again. I am in at $6.90. $3 stop loss. target $10->$20 anything here I will take. Don't think this is another GME.
AMC - Still Trending to $13 - What about earnings Tomorrow? Will earnings cause volatility? Will AMC reach $13 or tumble? We will see? Get your Popcorn!
Please see the $AMC price action in Elliot wave
I assume we are in 3d wave, 2nd is confirmed by 0.618 retracement
The target for 3d wave as usual 1.618 fib extension
March 19 is coming witching day
Note: consider possible ABC correction
this chart is sexy af
i like it
y'all know the deal, heavily shorted, insane volume, cult following
theaters re-opening in NYC, earnings tomorrow, amazon rumor
Before I say anything, let me give an advance statement by saying that I am relatively inexperienced in the market. Although, I eat sleep and breathe consuming information and knowledge about the stock market. So please, give me some experienced knowledge about this if you can.
Now, on to the subject. I just discovered the filthiest looking cup and handle...
AMC is opening in New York on the 5th of March!
This will bring AMC to the MOON!
Article from Barrons says
"AMC is going to reopen its 13 locations in the city on March 5. Capacity is limited to 25%, with no more than 50 people per screen."
My first chart on the program and by all means no expert at trading, so bear with me. I see some recent trends here with AMC that I can't help but entertain some similarities to AMC's first spike. We all know trading was restricted and ultimately killed a lot of the hype around AMC stock among others (RIP $NOK) to keep everyone from buying in. People were selling...
ok so this is not finicial advise but i am going on full amc after it pass the 8.70 and 9.30 resistance this thing is gonna go straight to 13 if you see my chart amc hold perfectly the 5 dollars area and this and this resistance are from gan square tool really recommended to anybody at least try it its gonna change you whole mind dont do what i say but look at...
So there is many talk about AMC and short squeezes. A lot of people cal for high prices and are amped up. People are in disbelief but no one that I know of is look at the chart structure this is creating due to (buying and selling of this stock). Just like any stock, chart structure is created when a lot of speculation, hype and buying and selling occurs. So I...
In the monthly timeframe we see a massive falling wedge which is a bullish continuation pattern. In the longterm we can possibly see a PT of $36. Gamma squeeze could set us up for $36 we will see on Monday. Once a gamma squeeze is triggered combined with extra dry powder from stimulus to retail traders could potentially cause the actual "short squeeze" making ATH's.
