$AMC the current Rally is nothing but just shorts covering their recent short positions which were initiated on January 01, 2022. Now there is no more move, and it's better to close your Positions in profit and take a safe exit. AMC will go down from here.
Using resistance as a new support. Cup & handle? if so, new resistance around $23.50
This is just a thoughtful Prediction on AMC. This is Conservative on what you can expect. Stock is in a wedge, When the wedge breaks, It should be game on.
Looking for wedge breakout that has been forming since early June 2021. Impulse move coming near you. Has retested both sides of that wedge multiple times. Now looking of a breakout. Could go $100+... Not financial advice!
we had a breakout yesterday from our descending line , and closed above it , now to confirm the bullish continuation to the 25.50$ level, we need to hold above our current support which is the 17.77$, and the first test will be around the 20.80$, which we already test it in the premarket . a bonus in TradingView coins (up to 30$) tiny.one
amc looking about ready to move, lets see if she actually keeps going instead of the usual bs that occurs.
I believe institutions are using Crypto for the purpose of leveraging their positions on meme stocks.. like AMC. Ethereum Classic, is one that has been extremely correlated with AMC's price action lately. As you can see here, ETC started leading the way in February of 2021, and shortly after it dropped, AMC began creating the same patterns. They were traded...
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 $13.60. Looking forward to read your opinion about it.
As I mentioned in an earlier post, AMC seems to me to be near a support point at this price. I think it could drop lower than the 13.40 mark but that should prove unlikely. If it does look for new Support near 8.0 More likely, it will find support at this stage and trend back up. However, seeing AMC move higher than 30.0 would in my opinion be surprising. This...
I don't see any short squeeze coming. Is it going to keep going with the downtrend or is it consolidating?
Price rejected old dynamic SR level and formed a bear flag.. ready to spill blood.
AMC looks like its headed out of the massive falling wedge, positive earnings could be a catalyst to set this in motion. Spiderman and other movies have been doing record numbers so I expect some positive numbers.
we didn't hold above our support the 17.77$, now we should hold above our ascending line above the 15$ if we don't see the continuation of the selling momentum till above the 12$ where we going to see huge buying pressure again. a bonus in TradingView coins (up to 30$) tiny.one
Hard to watch. This is a UTAD, which means end of Distribution. AMC has been going through a distribution since a June 2021 run-up. There is heavy ownership by big institutions and retail. The question is if the Institutions are lowering the price to get it cheaper to MOASS, or if they're lowering it to get out of the play completely?
AMC is Looking to breakout of the 21 dollar level. I believe a lot of volume will be back once we break it. Im thinking it will happen this week
After a perfect touch of the strong support area: AMC bounced back to the resistance. The option market has mixed feeling about this area, slightly bullish though. I think it`s a good consolidation range for accumulation. Looking forward to read your opinion about it.
AMC hold strong above our resistant 17.77$, now we need to hold to confirm that we are in accumulation phase, and that confirm the breakout to our strong resistant at 20.80$, after we break it we will find huge resistant to be tested around the 25$. a bonus in TradingView coins (up to 30$) tiny.one
A possible scenario using option expiration dates and delta hedging.