Cryptarded84

Cryptarded84

This is absolute critical that AMC can bounce from here or lowest price target $9.71 If it looses support of this area then it invalidates all bullish market structure by putting in a lower low and any sign of a reversal from this downtrend. If it loses $9.71 then support must hold at $7.53. Failing that I do believe it will revisit $1.94 Sorry to be the...

Cryptarded84

If $9.70 is the low now and we can break $72.62 the price targets we can look at are below based off Fibonacci retracements. Fib levels are in brackets All time high (1) $72.62 Bottomed out (0) $9.70 To validate the price targets below AMC must breakthrough $72.62 In the previous cycle $72.62 was the 4.236 fib extension level taken from its previous cycle top...

Cryptarded84

AMC has broken out of an ascending triangle pattern with a technical target to $24.71 Coincidently $24.71 is the line of resistance the price has been stuck under since it put in it’s all time high. The crossover of the 21 and 55 ema on the daily timeframe is a very bullish statement for AMC. Furthermore, holding the 21 ema on a retrace will put the stock in a...

Cryptarded84

It seams my last idea of the bear pendant has been invalidated due to the breakout to the upside. Now printing an ascending triangle with approximate targets of : Breakout: $25 Breakdown: $9

Cryptarded84

AMC printing a huge bear pennant on the daily time frame. Breakdown target would be around $8

Cryptarded84

Forget you bull flags, wedges and pendants. AMC printing a "Bart Simpson" pattern with a target to around $14. if you don't believe the pattern please google it.

Cryptarded84

Forget you bull flags, wedges and any other trends. AMC clearly printed a movie for us all. The Simpsons. If you don't think this is a legit pattern then go and google it. Target around $15

Cryptarded84

We can now see a clear head and shoulders pattern executed on the weekly time frame. The stock has bounced slightly off the 55 weekly moving average currently finding support at around $29 which was the previous swing low from August. The technical target from the head and shoulders pattern would bring the price to around $16. Levels of support : If we fail to...