As you can see, AMC loves to retrace to and even below the 0.786 fib level everytime we reach a bottom and try reclaiming levels again. Then AMC pops off and usually gains some 70 to 1000% right afterwards. The share offering allows AMC to further reduce debt, which if I remember correctly could be completely wiped with only half the money due to low trading...
Overview
Price is currently under the former Swinglow (lower blue line) that lead to the recent Swinghigh. With earnings and revenue date coming up (8 November) i´m looking to take a buy position.
Scenario (Orange arrow)
Requirements: Positive earnings report and price moving above the former Swinglow (blue line)
Stop- Loss: 2 Days closing under the...
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
Whether the market likes NYSE:AMC earnings after the bell today my team...
If you haven`t bought AMC before the Gamma Squeeze:
or sold before the approved combining AMC shares & APE units:
Then analyzing the options chain and the chart patterns of AMC Entertainment Holdings prior to the earnings report this week,
I would consider purchasing the 10usd strike price in the money Calls with
an expiration date of 2023-11-10,
for a premium...
Buy idea on AMC as you see on the chart because we have a spring effect on vwap indicator and we have the breakout with force the resistance line by a big green candle follow by a large green volume! Thanks!
Well, well, well...
Would you look at that.
Just look at it.
Have we seen this pattern before?
Our old friend, Mr. Dragon, has returned and... What's this!?
The big guy is carrying a smole bebe dragon. How cute. So maybe it's a Mrs. Dragon??
This type of dragon bottom can be v powerful with these meme stocks, definitely something worth watching. ...
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
!! This chart analysis is for reference purposes only !!
If you want to...
NYSE:AMC monte carlo simulation with accompanying support and resistance channels.
Looking potentially bullish with a SL at VWAP anchored at the APE Unit Merge / RS candle.
Strong Short setup on AMC with rejection and absorption at the $10.0 technical/psychological level.
The target can be way too optimistic, so need to be very reactive and flexible.
Great Trade !
Why has AMC been down?
AMC Entertainment's stock price plummeted after the company prepared for a stock conversion. This event might have caused uncertainty among investors, leading to a sell-off. AMC Entertainment's stock took a significant hit after a court approved the company's APE share conversion plan. One of the reasons for AMC's stock drop was due to...
AMC this trend resistance has held strong since 2021.. so hard to say if it will break above it anytime soon.
rip to 30-32 before more downside is possible🎯I like how its holding extreme support zone from 2020-2021 / 10 dollar round number support
boost and follow for more 💛
Most APES are seeing this. Tracking may vary and still it looks very convincing. Obviously this doesn't mean anything but it gives me hope that this play needed the drop in order to reach higher levels.
WE ARE NOT LEAVING.
AMC Entertainment Holdings (AMC) went up yesterday +30% since our buy signal 2 weeks ago (September 26) as it rose from $8.14 to $10.52 (see chart below):
Our long-term target remains $25.00, which is under the long-term Resistance of the 1W MA50 but what to do on the shorter term? The 1D RSI just turned neutral at 46.37 while the 1D MACD is on a Bullish...
Probably has some stock split or buyback, my chart is a mess when I clicked on it. Right now, we see price consolidating for a few weeks. This could be a Wyckoff accumulation schematic to push price into the daily FVG at 12.64. With all the liquidity above, I'm inclined to expect price to make a bullish retracement from here.
