It doesn't look good for AMC or any stock that is showing negative revenue. Fed is keeping the growth stocks and high-value tech sectors up while other struggling companies are dying to inflation and high rates. I think AMC will get the short end of the stick and continue to go down like it always has been in the past 3 years. It will bleed down to $2 by June if this keeps up. Hopefully, that will be the new bottom and the company will stay afloat. They need new/better movies and need to find a way to attract consumers back to their doors. Until then I think AMC could be a dead stock and possibly look for a buyout to avoid bankruptcy as early as 2025.
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PSA: All of you APES are a delusional mess. I'm glad your stock is dying and if you put in an amount that you cannot afford to lose then that's on you. Stop getting mad at the chart and technicals. You don't know how to trade and let emotion steer your judgement. AMC has ben on a death track for a while now. The company has piles of billions of dollars worth of debt hat they CANNOT pay back. They just met with their lenders to try to develop a strategy to pay a portion off. That's not a good sign. They will need to sell more shares. What happens when a company has negative earnings and their stock is nearly worthless? I'll let you figure this one out the hard way. You will continue to get dumped on by the very same company that you hold dear and try to save from bankruptcy. Their is NO GAMMA SHORT SQUEEZE MOAS. There never was--a short squeeze did happen and AMC ran up to $70, where were you? Holding still, hoping for more? GREED. You missed your chance to make profits and rode the rollercoaster to the bottom. Don't get mad at me for stating the truth. Short interest this, naked shorts that, it's an echo chamber of ignorance. Fundamentals don't lie, the chart shows that this company will be delisted/bankrupt before they can pay off their debt. You want AMC to survive? Go to the movies, pay for overpriced popcorn, snacks, and drinks. (I hope this last line really paints the picture for you.) really think about it.
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Thanks for all the new support that this post has been receiving. It seems like people only listen when you are right but hate you when you make a prediction that goes against theirs. Pitiful. Shame on those people but I welcome everyone new here and suggest to follow my page if you are interested in more analysis. (I mostly do Bitcoin and crypto because it's easier to follow chart patterns washout having to worry about earnings and revenue sales.)
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If $3 support breaks then this company might fail sooner than expected.
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May will be bloodier
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The sad thing is I didn't even plot out the rest of the chart. Once you learn how to read charts you will realize to keep things simple. You will be able to predict what will happen and not need to draw as many lines.
Trade closed: target reached