AMC2 trade ideas
AMC ready for a bounceWe have exited the descending triangle right into the lower support and buy back zone. Fundamentals are insane right now with synthetic shares etc, technicals look great. Accumulation/ Distribution, Stoch RSI, regular RSI all ready to coil back up. I have targets around $9.30, $11.30, could even see $15-16 . Not financial advice.
AMC | InformativeNYSE:AMC
we have two possibilities:
1- RSI is low, it's in oversold territory, and volume on the last session was more than average, so I expect a bounce up like a dead cat bounce for adjusting the indicators. If it breaks 21.07$, it can hit 23$ or 24$ as the target price.
2- It can continue bearish price action and hit the following support levels; this idea is valid if it loses 20.03$, then the next immediate targets are 17$ as minor support and 15$ as significant support,
I expect it hits 7$ eventually. But we will see. I flow with the market at the moment; there are many uncertainties.
*This is my idea and could be wrong 100%
Amc Haven’t checked the chart in a while. Personally I’m looking at 5.40 as a weekly support based off previous price action range. This could be a great long postion start up area. Really in this 5.40/5.66 range depending on your risk tolerance. Could still be a falling knife buy but that is a good zone from historical support range. Just my thoughts ideas and perspective. I have a few buys set in. Started a nibble at 5.76. Got a bid at 5.61 and 5.42. Good luck.
$AMC: Long Target 24.64$⚡Inverse Head & Shoulders Pattern forming?
⚡Neckline resistance 13.5$ Supported by Ichimoku Cloud resistance
⚡Bearish Divergence on the MFI, watch for a bounce at the 5.85$ area (huge liquidity zone)
⚡To confirm the Inverse Head & Shoulders Pattern a break of EMA 1 resistance is needed (8.6$ along with EMA 2 resistance, 10$)
⚡Strong VPVR resistance to the 12$ level
⚡Target of the Inverted Head & Shoulders i 24.64$ measured from the head to the top of the neckline
⚡Confirmation of this pattern is once the Ichimoku Cloud is broken forming a right shoulder (engulfing volume)
*WARNING* This thread is not financial advice. I am not a financial advisor.
AMC: Range trading! What if it breaks this congestion?• Since our last analysis, AMC has been just doing some range trading, trading above our support at $6.80, but below the 21 ema (the link to my last analysis is below this post);
• It seems we have another resistance to work with, the $7.89 (Sep 07 low, yesterday’s high). Along with the 21 ema, this creates a dual-resistance price area;
• AMC will only engage in a bullish momentum if it breaks this dual-resistance area, as long as it trades below it, nothing new will happen;
• In addition, the $6.80 is still our main support, and only if AMC loses it (and close below this point), we’ll see the continuation of the bearish sentiment, and the next target would be the $5.96;
• Either way, AMC looks interesting, but it must do a breakout from this congestion first;
I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
Analysis-Big probability of a downtrendHello everybody! How are you ? Good i hope! God bless!... Today on AMC as you see on the chart we will have a big probability of a downtrend.
Reminder: When we are in an uptrend and we see a candle with a long wick and also with a relatively small body accompanied by a large volume it means that we will have a high probability of having a downtrend. Sellers are trying to repel buyers.Thanks.
AMC: Above its support level again!• AMC looks quite resilient since our last analysis on it;
• Although it did a bottom sign last week, AMC couldn’t trigger the reversal pattern. However, the support level we mentioned at $6.80 is still working, as at any moment AMC closed a candlestick under this line;
• Since it is retesting this support for the second time, this could be a Double Bottom chart pattern;
• Either way, AMC must break the $7.89 in order to truly reverse, as this will frustrate the previous H&S chart pattern, and the target would be the previous top at the second shoulder, around $10.74;
• If AMC loses its support at $6.80 again, then it’ll probably seek the next support levels (red lines);
• Would be good to see the volume increasing to confirm any bullish reversal;
I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
Analysis-Big probability of an uptrendHello! On AMC as you see on the chart we will have a big probability of an uptrend after the breakout with force the resistance line by a big green candle with a large volume. In other hand we will have a continuity of a downtrend after the breakout of the vwap indicator and the support line. Thanks.
ABCD Fibonacci Fan PatternI am measuring ABCDE but the B point is where there is a bullish divergence. In each instance, the B point marks the end of a falling trendline and a reversal occurs. C marks the first tap after divergence and is the second tap of the upper trendline from the prior run.
What is interesting is that a wedge forms on the C - D line. I will be watching to see if this breaks into a slow uptrend over the next week.
Further validation of this theory is that volume does not increase until a few weeks after this D-point breakout. Everything leading up to D-point is dried-out volume.