Since the low of May 11th, 2022; AMC made an impulse to the upside and seems to now have completed a 3 wave correction of that small impulse which for now confirms my bullish move for the next coming months. Though I was expecting price to move into the bluebox but it fell short but because of the nature of the current price action I then can now no longer look...
Alternate view in play from last weeks analysis... We are still bullish on AMC, but however a slight change occurred when price broke below 12,72 meaning that the price is now completing a 11 swing sequence (WXYXZ) to the bottom of the channel and expecting to bounce from around the bluebox area of 8,30 and (not expected to go below the bluebox(5.23) from which...
⚡Possible retest of the 7.86 Fib (11$) Strong VPVR support, this would also test the previous 0.5 Fib which acted as strong resistance, confirming this support is a sign of reversal ⚡Golden pocket reistance 16.9-18.8$ Confirmed by VPVR ⚡23$ resistance confirmed by 0.5 Fib + Ichimoku Cloud resistance ⚡28$ Resistance 0.382 Fib confirmed by volatile candles ⚡34$...
A trendline can be drawn showing a resistance area, which now could be considered a support area This is a resistance / support analysis The shift from bear to bull market is in green Emergence of the 200MA allows an assumption of a support as it aligns above the down trend line
I was messing around with the bar pattern tool and found a strong similarity in the movements from May to June compared to where the stock is now. Not only that but there is upward momentum that starts around earnings "5/9/22" which is a beneficial catalyst. Also with this rate hike causing the cost to borrow to go up, I'm feeling pretty BULLISH about what is to...
If we look at the chart, we can see AMC close to complete a triple bottom, which is one of the most bullish chart patterns out there. It has just touched the oversold area from which it bounced. My new price target is the $20 resistance. Looking forward to read your opinion about it.
⚡15$ Support confirmed by VPVR node + golden pocket retracement + 200 week sma + 2 trendlines of support (Previous resistance) ⚡MFI breakout could lead to a massive rally ⚡18-20$ resistance confirmed by VPVR node + resistance trendline + 0.5 Fib ⚡23.5$ Ichimoku Cloud resistance ⚡0.236 Fib resistance needs to be broken for bullish price action ⚡Worst case...
Analysis... The impulse from the low of $1.90 to a high of $20.30(27Jan 21) was the beginning of the yellow intermediate degree wave 1. The correction of that degree brought the price of AMC stock to $5.23 which completed wave 2 in the yellow intermediate degree in-turn beginning wave 3 in yellow which should unfold in 5 wave in the red minor degree(one degree...
Beginning from the left, we see where price broke out, where many made and lost millions. From there on, price went down with huge up-swings in between. What's that orange inside pitchfork? This pitchfork gives us a kind of a Swing-Frequency. What does this mean? Well, it's nothing more then a measurement of this stocks swing volatility. Furthermore it combines...
NYSE:AMC clear distribution playing out. Question is if it can hold the monthly key level (red) l. If not, watch out it may go all the way down to 12.90. Need to break green down trend for a sign of accumulation. But also, if it breaks back into the daily and 4hr, it can be a sign of reversal but it needs to hold that 4 hr level. Shout out CottonCandyTA, I'm...
⭐Bullish Descending Pattern for over 9 months (Target of this pattern is 72$) ⭐Bottom trendline support bounced the price 4 times with significant volume (Previous1400% gain, strong level of resistance) ⭐Strong bottoming signals on the MFI (Last time this happened a 1400% move occurred ⭐14.8$ Support confirmed by VPVR node + 7.86 Fib + Trendline + Volume ⭐A break...
NYSE:AMC Possible scenario is that we're finishing the B leg currently as it is in a falling wedge and will breakout this week for C leg. Volume decreasing as price is dropping is bullish. PT for C leg rn is around 55$. If there is enough momentum there may be a 5th leg which would validate that this is a 5 wave impulse and pt would be around 100ish. Good luck!...
HEY GUYS, I HOPE YOU'RE ALL DOING WELL. this is my general outlook on the market i am currently bullish on the stocks market and looking to buy the dips as far as i can see a retracement is due in both indexes and some profit taking so that happens this is my plan of attack keep in mind that this is an idea a plan in a uncertain chaotic environment out of multiple...
AMC Short Term - We look to Buy at 21.31 (stop at 17.60) Preferred trade is to buy on dips. 50 1day EMA is at 20.00. We have a 61.8% Fibonacci pullback level of 21.09 from 12.90 to 34.41. Trading volume is increasing. Previous resistance, now becomes support at 21.00. Our profit targets will be 34.41 and 43.15 Resistance: 30.00 / 35.00 / 40.00 Support:...
Black Mountain Analytical Team: AMC 3 possible scenarios Wait for the price reaction to the area and zone. We will wait for the price reaction to the Resistance line and the static Resistance range. After the price reaction, we can enter. We are currently monitoring it to catch it in the first price movements. TREND LINE-Resistance area
NYSE:AMC I see a possible scenario of AMC creating an inverse head and shoulders where it fills the gap at 20ish and then starts wave 3 and 5.
If you haven`t sold AMC here: Then you should know that we are now close to a strong support area where a lot of traders bought the stock in 2021. My buy area is between $9 and $13.60. Looking forward to read your opinion about it.
After a perfect touch of the strong support area: AMC bounced back to the resistance. The option market has mixed feeling about this area, slightly bullish though. I think it`s a good consolidation range for accumulation. Looking forward to read your opinion about it.