AMC: Breakout Brewing? Earnings, FOMC, and Trump Rate Cut HypeAMC is heating up, and the chart is screaming potential! Let’s dive into the current price action and why this meme stock might be gearing up for a move.
Price Action & Technicals
AMC’s daily chart is teasing a breakout. The stock is currently trading at $2.67, hugging a key resistance around $2.
Key facts today
AMC Entertainment's stock fell after President Trump's 100% tariff on foreign films, raising trader concerns about its impact on cinema stocks.
A New Beginning AMC’s story is far from over! From where I’m standing, the stock is simmering in an accumulation zone, quietly building momentum like a sleeping giant ready to roar. Are these rock-bottom prices at $2.68 the last we’ll see before this titan wakes? What’s the vibe from your side of the street? Drop
New Moon Fade Final Sand for Sqeeze!I like to call this the new moon fade, basically when we are in the new moon the market starts too sell (they use the news to inject fear, they understand that the moon effects are emotions.
We are in an area where a lot of investors will sell do to fear.
I give the two more weeks before a squeeze d
AMC Bouncing Back Up Offf Support. AMCThis appears to be a A Wave of a new zigzag that sent us to low of lows at 3.00 . Now well and truly back out of thee OBOS territory. Generally speaking, A waves do not produce momentum divergences, and this appears to be the case here as well. AB trendline, along with MIDAS has been crossed, BB%PCT
AMC - The Last BottomI've left this chart as big as possible so you can play around with it and see what I see as much as possible.
We're bouncing off the $3.00 resistance level.
There's one more resistance below us.
$2.50. Anywhere much below that and we reach another new all-time low.
Considering we're on a bea
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Displays a symbol's price movements over previous years to identify recurring trends.