From a cyclical perspective, and with Heikin Ashi candle sticks, we can see better the cycle of AMC. It forms sort a huge cup and handle on the weekly chart, a reverse h&s in the 1h chart, a neutral RSI in short et midterm charts and a volume divergence where bears have less and less momentum creating higher lows. I don't thing there is going to be a final sell...
I know TA isn't always the best for AMC in the short term, but it helps to have an idea of what is coming in the next days/weeks/months. First, the chart respects Elliot wave with either 2 scenarios. A, we see a strong movement in the next few days since debt ceiling was supported till at least november/december, China Evergrande will not cause problems as we...
Based on the January set up, and all the disgusting manipulation from shorts, we can see that we are on the edge of the next "big move". If we use the bullish channel we can see ou next target close to 141$, if we use the Fib retracement we can see almost the same target, perhaps around 180$, and with Elliot wave and by taking the same proportions as January, the...
English version :
First the most obvious, its RSI is in an oversold zone (same level as 0.26 cent then $ 2.64, so could we see a 10x return in the next 1-3 years, to $26 ? I believe so, and it brings me to my next point.
So, to follow up on what I said above. Its movement seems cyclical, and with the illustration we see that it respects two theories: Elliot Wave...
Very nice bull flag formation. Rebond respects support level on Fib retracement. MACD and RSI in a reversal formation as well. Next level that we want to see is around the 45-60$ if we break 42$. Buy and hold, we can't lose if we don't sell, we own the float, the price is ours.
CREG, in the sector of energy, has in my opinion, consolidated at a price +/- 7$. The sector has a lot of potential and is extremely undervalued ($20M market cap when they have $100M in cash) and they recently completed and audited their 10-k application, which has amazing numbers. Here is a recap of their important numbers :
Cash : $107,8M (2020) vs $16,2M...
