Daily 20SMA is good support for the stock so far. #Doublebottom is forming for #AMCEntertainment if it breaks out $3.98
I do not know what will happen to this stock but definitely a buy to me. I own a bit, will add more.
It also seems like AMC trend down is done. Even overdone. We shall see if there will be a snapback rally. Pity that options are illiquid.
Bears have dramatically discounted this already over-discounted stock... Honestly I'd definitely look to buy anything below $4.60 (if you can!). I don't see these prices lasting long. As with any stock that is bottoming, don't go all in thinking it's at a bottom and then panic sell because it drops (or goes up) 10 or 20 cents. That is exactly what caused this to...
Bullish cup pattern suggesting new uptrend started and 1st target in range of 8.8 then can be extended to 11.9 on longer time frame. entry at 7 stoploss at 6.4
In looking at the past months and the forming wedges, it just recently broke out in time for earnings. Past earnings prompted gap ups and gap downs. This earnings may hit up to previous support and then decline again.
I am holding $AMC calls post ER, days to cover on the short interest is 8 days and the float is sitting @ 55%. if it squeezes....this baby is going to like $12/share. Goodluck on whatever you choose.
I've been watching this thing bleed out for months now. The divergences have formed and it looks ready to break out from both wedges . The entire monthly chart is a giant wedge and the last 16 months have also formed a nice wedge too. Wedges upon wedges with divergences means a reversal is likely near. Targeting a golden pocket fib extension at $12-13. The...
We are finally seeing some improvement in the technical picture for $AMC. At $7, $AMC presents an attractive risk/reward play. We would buy $AMC and risk to new lows below $6.25 a share. With 56% of the float short, we will get a big short squeeze if $AMC starts running. $AMC reports earnings on February 27th, so keep that in mind. AMC Entertainment Holdings,...
AMC is showing all the signs that a trend reversal is imminent. The descending wedge pattern has remained intact since its inception with the third (and final?) touch reacting perfectly to the structure. Volume has also been picking up recently and RSI on higher timeframes are signalling a bullish divergence. Of course, there is always the fear that earnings and...
Could be an Earnings play or may take longer either way 50+% Short interest on a stock that's been trending down for a long while...They soon will want to take profits and the rest will get squeezed for some nice profits. Add to watchlist for future play on AMC.
$AMC bulkowski falling wedge reversal pattern at the 1.414 fib extension with coinciding 3x MACD bullish divergence on the weekly
AMC Falling wedge Daily chart. Falling wedge statistically breaks to the upside.
This idea was highlighted to me by DrunkMonk . Thanks, mate. Indeed I see here a clear buy opportunity. I do not know what AMC is .. quickly googled. It is involved in the theatrical exhibition business. Deeply in debt.. but the business is undervalued. Barely profitable. Paying huge dividends. Well, Elliot says up - I buy.
Nice falling wedge on AMC. Multiple bullish divergences on RSI I believe we see bottom at about $7.10-$7.20. Multiple trendlines to break, but medium term outlook (2 months) is $9.60
Likely completed 3-3-5 correction from ATH, but Does the bounce from 7.47 to 8.71 qualify as a leading diagonal? Hard to tell if they are all zig Zags or not on the 5 & 15min tf. Looking very bullish on longer timeframes. Failed to tap median line of the Andrews' pitchfork and upper warning line is now shown as support. Tapped the bottom of the channel in the...