Downloading...
Download

Amcstonk

AMC Entertainment Holdings | AMC | Long at $3.66First, I'm not an " NYSE:AMC APE" and have zero interest in becoming one. Second, don't trade NYSE:AMC unless you are fully aware the investment could go to zero or the company may devalue your trade via share dilution or other means (i.e., don't simply do as I do or blindly follow anyone else's moves, for the matter). With that aside, I started a position/gambling play today in NYSE:AMC at $3.66. The reason is 80% technical analysis and 20% fundamentals. Technical Analysis: The blue line on the chart represents an average true range (ATR) from a historical simple moving average (SMA) that I use for trading. For simplicity, the historical SMA is not show on the chart - just the ATR. This blue ATR line has historically been a major line of resistance and support. When it breaks through and holds, the stock goes bull - but history may not repeat. The price recently broke the blue ATR line, fell below, and the broke out again today. This may be a sign that the downward trend (overall) is changing - perhaps furthering the accumulation phase in the $3s or a gradual rise from here. And with today's breakout, I grabbed shares at $3.66. Fundamentals Since 2020, NYSE:AMC has shown major gains in revenue and net income (loss reduction, that is). Revenu: $1.24 billion (2020); $2.53 billion (2021); $3.91 billion (2022); 4.81 billion (2023); $4.4 billion (2024, Q1-3 only). Net Income: -$4.5 billion (2020); -$1.27 billion (2021); -$973 million (2022); -$396 million (2023); -$399 million (2024, Q1-3 only). The company is not expected to become profitable until Q4 of 2026 , but the improvements are what one would like to see. Counter-arguments and statements the stock is junk are totally valid. But the chart is quite interesting as the company moves toward profitability (maybe...). Targets: $4.30 $6.00 Squeeze/mass hysteria: $18.00, $40.00, and ridiculousness: $85.00
NYSE:AMCLong
by WorthlessViews
9
AMC - Week of June 17, 2024Its been a while since I published anything. I have been working on getting better at my skills and TA, just to be honest. Two years later and AMC looks attractive again. Why?... Well it derives from a bunch of degenerate cultist (like myself) who believe in the stock / company, the evolution of what we know as the theater industry, and same fractal patterns reoccurring. Oh yeah, and the correlation of GME and AMC being exact. So I will approach this PROJECTION (because thats all this is & NOT FINANCIAL ADVICE!) as a sympathy play to GME. See GME analysis on the next post. I begin doing a top down analysis. Here is the Monthly view on AMC. Currently price closed at 4.99 on June 14, 2024. lol Cant make this up! I simply see a Dumb Money sequel - Hedgies Getting Wedgies - Coming to an AMC theater near you. When we squeeze I see it AMC going to 174 - 154 per share price before it is met with great resistance and pulls back. Here is where the real test comes, we will see if with enough force AMC breaks this wall of Hedgies. Shall it have a blow the top off moment, it needs to stay above 195 to get to All Time Highs! I could be completely wrong and it goes to zero.... NYSE:AMC
NYSE:AMCLong
by AnthonyGarciaEth
4
$AMC: Long Target 24.64$⚡Inverse Head & Shoulders Pattern forming? ⚡Neckline resistance 13.5$ Supported by Ichimoku Cloud resistance ⚡Bearish Divergence on the MFI, watch for a bounce at the 5.85$ area (huge liquidity zone) ⚡To confirm the Inverse Head & Shoulders Pattern a break of EMA 1 resistance is needed (8.6$ along with EMA 2 resistance, 10$) ⚡Strong VPVR resistance to the 12$ level ⚡Target of the Inverted Head & Shoulders i 24.64$ measured from the head to the top of the neckline ⚡Confirmation of this pattern is once the Ichimoku Cloud is broken forming a right shoulder (engulfing volume) *WARNING* This thread is not financial advice. I am not a financial advisor.
NYSE:AMCLong
by Patriick2jz
5
$AMC: Breakout to 15$?⚡200 Weekly level mounted (huge resistance now became support) ⚡Support trendline held with a bullish engulfing + volume + bullish divergence on the MFI ⚡Golden pocket fib resistance ⚡Ichimoku Cloud broken ⚡VPVR support mounted at 9-9.7$ ⚡10.86$ resistance confirmed by 0.5 fib + VPVR node ⚡12$ resistance confirmed by 0.382 fib + VPVR node + Ichimoku cloud resistance at 11.5$ ⚡Moving towards the upper trendline which is located at the 15$ level *WARNING* This thread is not financial advice. I am not a financial advisor.
NYSE:AMCLong
by Patriick2jz
3
$AMC: Price Target 15.5$🔥Bottoming signal on monthly (4-month bottoming pattern consolidation) + Bullish MFI 🔥Monthly Ichimoku low confirmed as bottom followed by TD-Sequential 9 🔥200 Weekly Moving Average Resistance at 9.45 (This should be reclaimed due to the open interest at this level) 🔥Monthly resistance at 11.6$ confirmed by Ichimoku Cloud 🔥7.86 Fib retracement at 8.3$ confirmed by volume 🔥Price target 15.5$ (surpass 2.36 fib to retest resistance at 15.5$) 🔥VWAP broken o daily chart (Bullish signal) 🔥Vix Fix indicator strong bottoming signals on daily chart 🔥Watch for an engulfing amount of buying-volume 🔥VPVR support at 8-8.80$ 🔥VPVR resistance at 10$ confirmed by EMA - Ribbons *WARNING* This thread is not financial advice. I am not a financial advisor. Thank you for reading.
NYSE:AMCLong
by Patriick2jz
2
AMC - APE stock splitSo AMC decided to do a clever trick and take advantage of the hype coming back into stocks and even meme stocks. Retail traders have taken a hit, with many retail-heavy companies like Gamestop, Coinbase and Robinhood, etc., taking massive hits. However, GME has been doing well, COIN doubled off its lows, and HOOD looks decent. As stocks are bouncing and the bull could be back, AMC decided to do an intelligent stock split by issuing new preferred stock they can sell. They named it APE, like the Apecoin, a popular NFT-related token, which could create a lot of hype around it. Essentially, it is a trap for retail to go and buy APE without hurting the price of AMC as much and allowing the company to raise the cash it needs. Last year, AMC dumped all of the company shares onto retail on the way up and raised 2B dollars that it has essentially spent and needs fresh cash as it still has a lot of debt. At the same time, they made this look like an airdrop, and it is like an airdrop, but one in which the company controls the majority of the shares. The company's price looks pretty good regarding TA, as it bottomed nicely. First, it had an 86% correction, which means the entire bubble popped, and there is no froth in the market. It retested some key levels and then reclaimed some key support levels. Since May, it has essentially been in accumulation mode, and today we had the confirmation of the breakout, as the market initially gapped down and then had a massive rally. In my opinion, this rally could last for a while, with the price increasing to 50-60$ before it goes back down again. It wouldn't be surprising if we saw the market go up for the next two weeks and top close to the date of the airdrop/split (22nd of August).
NYSE:AMCLong
by BitcoinMacro
AMC still going higher!AMC Short Term We look to Buy at 14.20 (stop at 12.69) Broken out of the channel formation to the upside. This is positive for sentiment and the uptrend has potential to return. There is scope for mild selling at the open but losses should be limited. Further upside is expected. Our profit targets will be 18.64 and 21.01 Resistance: 20.00 / 30.00 / 45.00 Support: 14.00 / 12.17 / 10.35 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:AMCLong
by Saxo
AMC bulls are back in town AMC Short Term We look to Buy a break of 10.48 (stop at 9.53) The trend of higher lows is located at 10.33. This is positive for sentiment and the uptrend has potential to return. There is scope for mild selling at the open but losses should be limited. Further upside is expected. Our profit targets will be 13.86 and 15.50 Resistance: 14.00 / 16.00 / 30.00 Support: 10.50 / 7.50 / 2.20 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:AMCLong
by Saxo
$AMC: 30$ Incoming?⚡Bottomed out on monthly Ichimoku Cloud ⚡Bullish Divergence on the MFI ⚡Bottoming signals on the Vix Fix Indicator ⚡TD-Sequential red 9 (Indicates bottom, more accurate on larger time frames) ⚡AMC needs to reclaim the monthly VWAP above 13$ ⚡Break the 14-16$ Resistance ⚡Break above 18.75$ (Monthly Ichimoku Cloud resistance) for larger moves ⚡Bullish Options Chain, hints for upside ⚡Break and hold above 14$ = Bull ⚡Reject the 14$ level = Bear *WARNING* This thread is not financial advice. I am not a financial advisor.
NYSE:AMCLong
by Patriick2jz
$AMC: Reversal⚡Bullish Divergence on the MFI ⚡Vix Fix strong bottoming signals ⚡7.86 Fib Retracement measured from the trend reversal candle (43$), this area stands as strong support confirmed by large VPVR node ⚡TD-Sequential red 8, often reverses the trend once spotted on larger time frames ⚡Big volume support trendline at 10$ ⚡Liquidity zone between 7.5-10$ (Strong support) ⚡A 3D close above the 7.86 Fib signifies the reversal ⚡Later on we have resistance at the 7.07 Fib (13.5$) confirmed by VPVR node ⚡Golden pocket Fib resistance at 15.8-17$ ⚡0.5 Fib + Ichimoku Cloud resistance at 21$ + 20$ ⚡Watch for a break of 14.64$ to confirm bullish price action ⚡Options Chain looking healthy, an upswing is possible at these levels *WARNING* This thread is not financial advice. I am not a financial advisor.
NYSE:AMCLong
by Patriick2jz
$AMC: Spike Incoming?⚡Possible retest of the 7.86 Fib (11$) Strong VPVR support, this would also test the previous 0.5 Fib which acted as strong resistance, confirming this support is a sign of reversal ⚡Golden pocket reistance 16.9-18.8$ Confirmed by VPVR ⚡23$ resistance confirmed by 0.5 Fib + Ichimoku Cloud resistance ⚡28$ Resistance 0.382 Fib confirmed by volatile candles ⚡34$ 0.236 Fib resistance + doubble bottom resistance, last time the 0.236 Fib controlled the upswing ⚡Strong Bullish Divergence on the MFI, could signify bullish price action ⚡TD-Sequential red 8 on downtrend, signal of reversal ⚡The Options Chain hints for a reclaim of the 14$ level ⚡Lower targets are unlikely according to the Options Chain *WARNING* This thread is not financial advice. I am not a financial advisor.
NYSE:AMCLong
by Patriick2jz
2
$AMC: Breakout to 21$ AMC has for the last couple of days been trading under a descending channel. This pattern has started from the resistance of 20$. As of now we are seeing a slight retracement because of the earnings. MFI is heading down which indicates that money is flowing out of AMC on the 1H chart. Earlier today we had a retracement to 17.55$. This level succesfully bounced the price. The 17.55$ level was slightly above the 6.18 Fib. It is possible that Fib level 6.18 gets retested (17.26$) to bounce the price. We could also see a retest of 16.5$ which is the bottom of the Ichimoku Cloud. That scenario is unlikely at the current state. We are still bullish on the Ichimoku Cloud due to the fact that we are still under a Bullish TK-Cross which indicates that the price will remain under an uptrend. As of now i am waiting for Bullish Divergence on the MFI backed up with volume and a red 9 on the TD-Sequential to ensure that AMC retests 21$. The 19$ level needs to hold. This level is a large level of resistance confirmed by the large VPVR node. Strong levels of support are located at 17-16$ confirmed by large VPVR nodes. We need to see a daily close above 19$ to remain bullish.
NYSE:AMCLong
by Patriick2jz
$AMC: On The Verge of a Breakout!As predicted in my last thread AMC made a retracement to the mid 14$ level. This level is significant due to the large VPVR node making it large support. This level has successfully once again bounced the price. This level of support has been respected for 1-1/2 month. Hopefully this is the last time we retrace to this zone. I am really confident in the fact that the 14$ zone will cause the recovery of AMC. The bounce of the 14$ level has caused bullish divergence on the CM_Ult_RSI which indicates that the price has a chance of rising higher. The MFI is on a downtrend which means that money is flowing out of AMC. The MFI should soon breakout to the upside which will cause the share price to increase. Last time we attempted to break the of 20$ level we got rejected by a TD-Sequential green 9 which marks the top of a trend. The price also got rejected by the descending trendline and one EMA Ribbon. This caused the price to retrace to the bottom of the middle trendline. This middle trendline caused a bounce confirmed by volume and bullish divergence on the CM_Ult_RSI + MFI. After this we pushed once again to the 19.3$ level which rejected us. This level is protected by a descending trendline and the EMA Ribbon. There is also a large VPVR node at the 18.8-21$ level which is being used as resistance. At the current state the price still wants to push to the 20$ level. For this to happen we will need support from the IWM and other indices. If these indeces push to the upside AMC will follow to the 20$ range. For AMC to remain bullish we need to see a daily close above 16.65$. After that we are ready to move towards the 18.8$ level which is protected by the VPVR and the EMA Ribbon. This move would also confirm the breakout of the descending trendline. We need to break out of the EMA Ribbon and the VPVR node located at 18.8$ with significant volume to confirm a valid breakout. After this AMC will most likely reject of the 21$ level which will cause a retracement to the lower EMA Ribbon. We could also wick below the EMA Ribbon to retest the trendline of resistance. A retest of the negative trendline would confirm it as support with heavy volume. After this a daily close above the low EMA Ribon should break the EMA Ribbon located at the 21$ range. After this 23-26-30$ should happen fast. By looking at the options activity i expect a weekly close around 16-18$. These levels have the most volume and open interest. *WARNING* This thread is not financial advice. I am not a financial advisor. Thank you for reading.
NYSE:AMCLong
by Patriick2jz
1