AMC | Rise out of the Shadows? | 1 buy scenarioOverview
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) iยดm 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 Swinglow level (blue line)
Invalidation : Price never retakes the Swinglow level
Target: Filling of the Gap and engulf of the Short term high.
Good luck
Disclaimer:
- This information does not constitute as financial advice and is only for entertainment purposes. I am not your financial advisor.
- You trade entirely at your own risk
- Make your own research
- Finance and trading is evil, capitalism is bad, duh
AMC2 trade ideas
$AMC straddle strategy ๐โ๐จ๏ธ*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 expects big price movements. According to the charts we can see that bulls need a lot more than the bears to set this thing off to $14.50.
My team is using a The Straddle options strategy leaning towards puts since bears have it easy this round. We're 25% into calls and 75% into puts. Good luck to you all!
!! This chart analysis is for reference purposes only !!
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AMC Entertainment Holdings Options Ahead of EarningsIf 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 of approximately $1.17.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them. I`m still bearish for the long run. Might end up in bankruptcy after all.
Looking forward to read your opinion about it.
Would you look at that. 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. NYSE:AMC has been obliterated since the stock split, but it's smelling like reversal time and the previews have already started rolling.
AMC has been a big pumper in the past, so we could see a nice squeeze to the upside.
It's not weird to see these dragon bottoms run all the way up to the extreme 4.286 fib extension, especially with meme stocks.
Look how the 4.286 is lining up with the 200 MA (thin, squiggly, blue line). And don't forget to mind the gap up there (gold circle). It should get filled in time.
And if you think I'm crazy, CGC did something similar just a few weeks ago.
*Mwah*. Beautiful.
Still waiting on some big, green boi energy to give more confidence to the idea, but one could buy now, set a SL below the dragon legs, and let it ride.
Grab your popcorn and enjoy the show. :)
$AMC textbook play ๐โ๐จ๏ธ*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 see more, please like and follow us @SimplyShowMeTheMoney
Bulls holding the line here ๐๐ฅถAMC 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 possible๐ฏI like how its holding extreme support zone from 2020-2021 / 10 dollar round number support
boost and follow for more ๐
AMC Already up +30% since our buy call. Still hold?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 Cross but still under the 0.0 mark. Those two indicate that there is still more upside left to this 2-week rally, which was to be expected considering the previously oversold condition of the time-frame.
As a result, the short-term target is $14.00, which is exactly on the Resistance 1 level and where the 1D MA50 (blue trend-line) is headed to. Complimentary to that, the 1D RSI has a clear Resistance Zone for selling purposes. If it enters it before the price hits 14.00, we may consider taking the profit earlier.
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AMC AnalysisProbably 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.
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AMC Forming a bottom. Huge investment opportunity?AMC Entertainment Holdings (AMC) has been trading sideways for the past 2 weeks following this month's bottom after the August price drop. The 1D RSI turning flat in oversold territory while the 1D MACD just formed a Bullish Cross marginally above the -0.500 level, the deepest it has ever been historically.
The above setting is an early call of a long-term bottom formation. A similar pattern, Lower Highs price sell-off into an oversold RSI and Bullish Cross MACD can be seen on AMC's previous market low during March 2020. The price then recovered, hitting both the 1D MA50 and MA200, extending as high as the Lower Highs trend-line. As a result, we consider the current levels a sound investment, targeting at least $25.00 (projected contact with the 1D MA200).
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This Is Not The BottomOver 350 Million shares are still to be sold by AMC. There's not enough liquidity in the market (hello, threshold list), so Adam Aron has to come up with new ways to keep his retailer investor community excited. NFTs, Popcorn, a Creditcard & his cheerful tweets are methods to keep the cash cow going. It's sad to see such a big community being fooled by him - in other words - there are many people without the ability to observe things critically. Combined with a position at -97% (after going all-in), the same people choose to gather on Reddit, TradingView, and elsewhere in order to collectively complain about the "fraudulent" system. If you know everything is manipulated, why would you bet against it?
AMC Big Volatility Bullish momentum +300%"It's noteworthy that AMC's decision to issue additional shares, thereby raising equity and generating cash, could potentially provide the company with the means to address its debts and strengthen its financial position.
With a higher trend in revenue and earnings observed in the latest quarter, there's a chance that AMC may use these funds strategically to further invest in its business, improve its theater offerings, and expand its presence.
However, it's essential to monitor how these financial moves are executed and whether they effectively contribute to the company's long-term stability.
While the recent positive trend in revenue and earnings is promising, the stock market can be unpredictable, and various external factors may still influence AMC's performance." ๐๐ฐ
Fun tradeThe price is trading at all-time lows and appears oversold. I don't see any interesting price action on high time frames, but on low time frames (I posted the chart below in the comments section) it is doing something. I just bought some stocks just for fun, without risking too much because it's a meme stock, it's like gambling. It's not bad to bet a little.