Lemur1986

Lemur1986

Netflix has respected this channel for the last 20 years and has made contact with the bottom of the channel twice. The first time was October 2002 and the second, exactly 10 years later in October 2012. Almost 10 years later and it looks like it might be eyeing a third contact with the bottom of the channel. 200 day monthly MA hovers below as additional support....

Lemur1986

AMC has been consolidating for several months. Is it finally time for meme stocks to make a come back? Share your thoughts!

Lemur1986

As you can see AMC has formed a massive price channel. Each time it made contact with the bottom of the channel it was the beginning of a massive run gaining over 500% in very short period of time. After each run, price pulled back 50-55% and raced back to the top of the channel to repeat the cycle. The top of the channel is ~$200 Options expire 9/17 So what do...

Lemur1986

Daily MACD cross, testing the top of the triangle

Lemur1986

Looks like we might be looking to test the top of the channel again in the near future

Lemur1986

Less of a push than expected out of the first triangle, forming a second smaller one.

Lemur1986

Should get moving over .33

Lemur1986

Already Bounced off gap support / bottom of triangle. Short term trendline below

Lemur1986

Gap support and bottom of triangle intersect

Lemur1986

Consolidating in the triangle, gap support just below

Lemur1986

Over .60, could run to $1

Lemur1986

Huge channel and back in the triangle