AMC2 trade ideas
AMC Already up +30% since our buy call. Still hold?AMC Entertainment Holdings (AMC) went up yesterday +30% since our buy signal 2 weeks ago (September 26) as it rose from $8.14 to $10.52 (see chart below):
Our long-term target remains $25.00, which is under the long-term Resistance of the 1W MA50 but what to do on the shorter term? The 1D RSI just turned neutral at 46.37 while the 1D MACD is on a Bullish Cross but still under the 0.0 mark. Those two indicate that there is still more upside left to this 2-week rally, which was to be expected considering the previously oversold condition of the time-frame.
As a result, the short-term target is $14.00, which is exactly on the Resistance 1 level and where the 1D MA50 (blue trend-line) is headed to. Complimentary to that, the 1D RSI has a clear Resistance Zone for selling purposes. If it enters it before the price hits 14.00, we may consider taking the profit earlier.
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AMC AnalysisProbably has some stock split or buyback, my chart is a mess when I clicked on it. Right now, we see price consolidating for a few weeks. This could be a Wyckoff accumulation schematic to push price into the daily FVG at 12.64. With all the liquidity above, I'm inclined to expect price to make a bullish retracement from here.
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AMC Forming a bottom. Huge investment opportunity?AMC Entertainment Holdings (AMC) has been trading sideways for the past 2 weeks following this month's bottom after the August price drop. The 1D RSI turning flat in oversold territory while the 1D MACD just formed a Bullish Cross marginally above the -0.500 level, the deepest it has ever been historically.
The above setting is an early call of a long-term bottom formation. A similar pattern, Lower Highs price sell-off into an oversold RSI and Bullish Cross MACD can be seen on AMC's previous market low during March 2020. The price then recovered, hitting both the 1D MA50 and MA200, extending as high as the Lower Highs trend-line. As a result, we consider the current levels a sound investment, targeting at least $25.00 (projected contact with the 1D MA200).
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This Is Not The BottomOver 350 Million shares are still to be sold by AMC. There's not enough liquidity in the market (hello, threshold list), so Adam Aron has to come up with new ways to keep his retailer investor community excited. NFTs, Popcorn, a Creditcard & his cheerful tweets are methods to keep the cash cow going. It's sad to see such a big community being fooled by him - in other words - there are many people without the ability to observe things critically. Combined with a position at -97% (after going all-in), the same people choose to gather on Reddit, TradingView, and elsewhere in order to collectively complain about the "fraudulent" system. If you know everything is manipulated, why would you bet against it?
AMC Big Volatility Bullish momentum +300%"It's noteworthy that AMC's decision to issue additional shares, thereby raising equity and generating cash, could potentially provide the company with the means to address its debts and strengthen its financial position.
With a higher trend in revenue and earnings observed in the latest quarter, there's a chance that AMC may use these funds strategically to further invest in its business, improve its theater offerings, and expand its presence.
However, it's essential to monitor how these financial moves are executed and whether they effectively contribute to the company's long-term stability.
While the recent positive trend in revenue and earnings is promising, the stock market can be unpredictable, and various external factors may still influence AMC's performance." ๐๐ฐ
Fun tradeThe price is trading at all-time lows and appears oversold. I don't see any interesting price action on high time frames, but on low time frames (I posted the chart below in the comments section) it is doing something. I just bought some stocks just for fun, without risking too much because it's a meme stock, it's like gambling. It's not bad to bet a little.
Come on now, do it. Don't be shy.I really can't wait for the CEO to make his first comment about the mess with the conversion! Brokers mess to be exact! AMC showing 280% SI, different market caps with different brokers, missing APE shares. I reeeeeally can't wait for the CEO to say something. I believe regardless of any interference of the CEO or anyone at this point, AMC will go it's way. I believe the company is saved the retail and will prevail as the oldest cinema chain in the US of A.
Will we squeeze? I don't know...
Was this narrative pushed by malicious parties to take advantage of retail investors? I don't know at this point to be honest.
Nonetheless this stock is way too interesting to ignore.
AMC idea I think amc will pullback to around $15 after November earning . Technical chart shows there could be support on the weekly level right around at this price of $7 dollars. I bought some calls here but donโt forget this scam could easily declare bankruptcy so be carefull your could lose all the money
AMC Echo Bubble ExpectedHello friends.
We have been watching AMC collapse for some time now, and it was all very expected. At this point, we think it's time to get ready for a long position off of the lows. All of the bad news has been finished. APE is converted. The split is over. The 40 million shares of dilution is over, and they are unlikely to create more dilution in the short to medium term since they have already secured that funding, which should be enough to fuel the cash-burning machine for quite some time.
I think AMC will go bankrupt, but first I think it will have a nice rally
$AMC - Is the bottom in?Disclaimer: I have long followed NYSE:AMC and I personally hold a small position.
It recently found an area of support which will be extremely tough to break, and based on today's bounce, it confirms that.
Bull Analysis:
Recent earnings = long awaited positive statement with positive future earnings outlook
Falling Wedge with RSI divergence:
Falling wedge further information: www.dailyfx.com
Support and bounce from near the 76.4% fib retracement (Elliot Wave 2 target) although I still think it gets to $2.78, personally:
Upper target Wave 3 target (pre-stock split) would be $475 - $623:
Upper target Wave 5 target 200% fib(pre-stock split) would be c.$4000, but AMC hitting this seems very unlikely:
Bear Analysis :
A Break below $1.18 (pre-stock split) would invalidate the bull thesis.
Historically speaking most heavily shorted stocks will fall following a stock split. It could also break the bull thesis. Some interesting research on stocks following a stock split: www.sciencedirect.com
Time will tell and hindsight is a wonderful thing.
AMC November 25th, 2024 seems VERY importantI was charting out an AMC chart, and happened to notice several trends seeming to converge around November 25th, 2024 at approx 586.00. Using that, I refined the chart and trend lines using that point as an origin, and tracing it back through the price action.
Much to my suprise, the trends all seem to match both major and minor movements of the price action throughout the chart. In one instance, the price action rode the trend for more that 130 days, before dropping to a lower trend. Another interesting point is from the inflection point through the peak of the high in June lines up with price action as far back as 2015. Pay attention to not only the wicks and open/closes of major candles, but also the wicks of the smaller candles in between.
I know my charting style is unconventional, but there has been rhyme to my reason in the past.
I do not understand the significance of this yet, so I present my findings to you all.
Please comment and let me know what you believe is happening here.