MONEY REELThis is by no means a negative outlook on AMC, but a more realistic one. There are two options for the path of the stock displayed above.
Amcshortsqueeze
AMC in a tough spot. Is there any hope?AMC definitely not looking great. No matter how I try to see this, I don't feel like this is a super bullish chart? AMC got above 30B in Mcap after a major squeeze and was one of the meme stocks that did very well. In Market cap terms it was definitely the largest ever if I am not mistaken. The truth is that the short interest is still relatively high, but I don't think the previous squeeze was primarily a short squeeze. Currently at 18% of FF maybe AMC manages to have another push.
33-36$ is a key support area as 33$ was resistance back in 2015 and has now turned into support. There are some levels also lower that AMC could find support but I don't think such an explosive move would happen again. The CEO has definitely tried to squash the rally by selling as much stock as he could, but even with all of that the company is still 6B USD in debt and only has 2B in cash (so still not in great shape).
So for now in my opinion AMC has to hold 42$ for it to continue higher soon. So far it has broken some key support levels and the downturn accelerated which isn't great, but as 40 has held there is still hope. In my opinion if it manages to close above 60$ next time around, I think it will go much higher. Essentially waiting for the breakout trade or to buy below 36 might be the best idea for now.
Double Bottom?Could be looking at a double bottom here, if so next weeks going to be nice :)
Keep up the good work apes!!!
AMC LONGGGGGGGGGGSUPORT 51.07 AND 45.33
TARGET 65.73 - 73.48 - 95.37
THIS STOCK IS HIGH-RISK HIGH-REWARD STOCK BUT ITS WORTH IT!!!!
AMC: Hype or Hyper? 💣💣💣In our analysis of the AMC stock, we expect the price to explode quite soon… again. Before the price hits $37.71, we expect the course to turn around and push for prices around $95.17 and potentially higher, if the stock price breaks out above $101.17.
Clear thing: Hyper!
Bullish Trend Continues for AMC | Breakout on the HorizonEven with the pathetic attempt to create FUD by the media and Iceberg "Research", AMC is still plowing through the bull flag. Observing the way it bounced off that bottom edge of the triangle makes me even bullish than I already was. AMC is NOT comfortable outside of the channel. Consolidation continues with a breakout to the upside on the horizon.
$AMC Still on Track. Coiling Up for Even Bigger BreakoutAMC is still perfectly navigating it's current channel through the textbook bull flag. Though it could break out sooner, the chart indicates it could consolidate up until July 13. Patience will pay off, as the longer this consolidates, the more momentum it will have to the upside. #AMCtoTheMoon
AMC MACD Analysis with Alpaca IntegrationThis chart is used to test my Alpaca/TradingView integration. The goal is to create a bot that automatically trades AMC based on trend TA factors.
$AMC Priming for a Boom or Bust? AMC forming a nice bull flag on the 1D chart that I have been watching for a while. RSI on a 1D chart looking bullish IMO with an upward trend in RSI since January of this year. MACD Divergence and consolidation occurring on a 4HR chart, also giving me confidence of a significant move incoming. ADX & DI contractions are healthy signs especially considering we have respected the range of the bull flag with healthy consolidation. Assuming the bottom trendline of the pennant holds, as well as staying in bound with respective moving averages, looks like a pop or drop scenario, but I am definitely leaning towards the pop side, given the technicals. Reminds me of the GME consolidation phase after the pop to 485.
Few ways to play this depending on your risk tolerance, strangles would be nice plays if youre just looking for the volatility. Maybe vertical spreads if you want to take a conservative call option position. I am personally taking the bull side with near the money calls with the most gamma exposure which would be $60 strike calls. GLTA
AMC - Long SqueeeeezeAMC looking prime to re-test ATH. Looking to either enter at the breakout or wait to test the trendline below.
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For those of you that didn't get tickets to star in the movie don't worry Netflix is making a documentary about.
AMC's Bullish Pennant Breakout ScenarioAMC has been consolidating for more than 3 weeks now.. we've found major support at the $50 level and continue to ride the waves. It is only a matter of time before this pennant breaks out. This isn't over just yet, we are priming up for something big very very soon.. and it always happen when we least expect it.
AMC is ready to break OUTWhen in doubt, zoom out! Hedgies are losing this. I recently read an article on Seeking Alpha so FUD-worthy, it's worth a look. Look up "AMC: An Open Letter To The Apes - The Stock Market And Reality" I buy more and HODL. We've created major support by consolidating between the 50s and 60s which is good for us, bad for hedgies! Not to mention AMC is discovering new price levels! There is a lot to celebrate here, apes. The moment AMC hits the 70s, we're outta here! AMC TO THE MOON 🦍🚀
AMC TRADE IDEA 06/23/2021NYSE:AMC
As per closing data on 06/22 it shows AMC on the move and it will see a good volume on 06/23 and can break long-standing resistance of $64.50 today.
amc.... whats going on latelyits range time. i like AMC for the long haul but think this range may break down if we dont see a spike in volume soon. GO APES
AMC short to 30?I was certainly bullish for AMC to make another run for it on a break ~65 but as we see, that didn't last too long....
AMC has been trading in this rising wedge for awhile now and its bound to break out of it one way or another...I will be betting on the bearish way for this setup.
I know all the apes might hate me for this but I see this as a huge money making opportunity! Make money both ways you gorilla...
My ideal entry would be another bounce to 64.66 (78.6 fib) to load up on 7/16 50p!
PT1: 56.14
PT2: 49.75 (gap)
PT3: 31.81 (1D DEMAND)
AMC - LIQUIDITY RESTING ABOVE, STRONG MOVE POTENTIAL! 🦍🌕Technical Overview: -
ORIGINAL LONG POSITION:
Stay strong apes!
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AMC 23 June Make or BreakIf price level manages to consolidate on 23 June based on hourly chart, it is possible that AMC breakout to a new upward trend. Otherwise, probably sideways consolidation along the purple triangle which is drawn based on day chart before attempting for another breakout.
$AMC IS LOOKING STRONG! THIS WILL BE HISTORICALTHEY CANNOT STOP US! THE DRAG THE PRICE DOWN, WE HODL AND BUY THE DIP. THE END IS COMING AND THEY HAVEN'T EVEN COVERED YET LOL. CONGRATS TO ALL MY APES WORLDWIDE! WE ARE GOING TO MAKE HISTORY!
AMC Technical Analysis UpdateAs always, AMC looks very bullish to me. Been holding since $8. I'm interested to see if the pitchfork pattern will continue.
AMC SQUEEZE IS AMONGST US!I COULD SMELL THE TENDIES IN THE AIRRRR!
THE SHORT ATTACKS DIDNT WORK!
FUD DIDNT WORK!
SCREWING WITH MARKET DATA DIDNT WORK!
WHEN WILL THESE OLD MEN LEARN?
WE ARE SMARTER AND HAVE NOTHING TO LOSE BUT TIME!
THEY ATTACK THE PRICE WE HODL!
IT SQUEEZES WE HODL!
GET READY TO SEE 4 DIGIT NUMBERS AND UP!
