AMC trade ideas
AMC AnalysisPrice played out nicely as analyzed last week. Price bounced off the bullish POI at 4.39 to the dot. As we have confirmation on the lower timeframe to go higher, I'm expecting price to continue rallying into the bearish POI at 6.05 next.
AMC Long opportunityCAPITALCOM:AMC showing signs of bottoming out at the 4hr chart and at the end of an Elliot wave to the downside, potential long opportunity for a run up from 4.2 to about 7.2 (Fib swing levels) during the next few weeks approaching the APE>AMC conversion vote.
Need to be careful though, as AMC is prime target of shorts.
AMC: Sell ideaOn AMC we have a sell idea after the breakout with force the vwap and the support line.Thanks!
AMC GapFill play around $4.0Hediges are shoring again into CPI day, possibly down to $4.0 and then rebound to 200MA...
If you are heavily down, it is a good area to do either a good amount of averaging down, or just play the swing.
Broadening Bottom AMC+APEI have been following this "broadening bottom" pattern since before the December low. Finished the week on the .618 retracement to the penny! Cant make this stuff up. Very bullish! NYSE:AMC NYSE:APE
AMC - Ready To Tumble But Could Turn Bull SoonAMC has completed a 3 wave correction here and pushing down against the 4H 200MA and ascending trendline.
Its been a while since AMC went bananas and every ape in town came rushing in.
But it may be ape time again soon, obviously not until its done a x5 or so...
Chart personalities tend to continue and AMC is a ripper.
Looking to buy the low and hopefully with some precision.
Not shorting.
Not advice.
Sell idea: Pullback on resistance and vwapSell idea on AMC as you see on the chart because we have the pullback on the resistance line and the vwap. Thanks!
AMC - Sell LimitAMC Entertainment Holdings, Inc. is an American movie theater chain founded in Kansas City, Missouri and now headquartered in Leawood, Kansas. It is the largest movie theater chain in the world. Founded in 1920, AMC has the largest share of the U.S. theater market ahead of Regal and Cinemark Theatres.
Strong price rejection around those volume. Weak low. When testing those volume, those shorts may add to their positions
Happy 618!!!I haven't posted any TA on AMC in a while, It has been peaceful. Can you believe it, tomorrow Feb 10th 23' will be 618 days since ATH's. These low volume days really hurt but the fact that there is nothing backing such a move, just a result of derivatives and degens pissing away premiums.
These are a the current support and resistance i'm tracking. Nothing much just wanted to archive the day.
Hang in there!
AMC putBearish on AMC.
On daily chart, both RSI and +DI indicate over bought, plus the shooting star.
Bought Feb. 10th $12 put for $6.25. Break-even $5.75
Placed a GTC order to close the position @$7
Another Installment of 'Where are we going?'This is a follow up to the previous AMC algo I put out on January 4th. It appears we have passed the '2021 January Run Up' in the algo.
Putting out just as a FYI, and alternative to 'Ants Trades'.
Enjoy!
Y_P
down then upLooking at 5.13 for the rebound. 0.618 and also lines up with the bounce off of the falling wedge for a retest since breakout. Also would form a double bottom. Very bullish imo. If $5 fails on a daily looking to retest the bottom of the wedge in the low 3's.
AnalysisBig probability of an uptrend after the breakout with force the vwap and the resistance line. Downtrend, after the breakout with force the support line. Thanks!
AMC AnalysisPrice playing out nicely as analyzed last week. Price mitigated the bearish POI at 9.15 and reacted sharply to the downside. Right now, price is mitigating the bullish POI at 5.62. As there are no signs of changing of character on the lower timeframe, I'm expecting price to continue lower following the order flow, at least into the bullish POI at 4.39.
Downtrend continuity: Pullback on vwapAs you on the chart we have a breakout with force the support line and the vwap indicator so we will have a pullback on vwap indicator and the market will go down. Thanks!
$AMC - Trading Against a Long Term Demand AreaBefore the good news, remember at all times that the price is still trading below and neatly following the 10 EMA.
The good news for the bulls out there is that the price is now kissing a long term key demand level.
The famous AMC rally back in 2021, erupted from close to its current levels.
This tends to be a good reason to start looking for bullish opportunities. A breakout and close above the 10 EMA would be an interesting trigger.
Remember at all times that trading is not predicting the future. It is more about detecting asymmetries in the markets and managing risk.
Especially the latter, I advocate. Manage risk at all times, at all costs, with the utmost diligence.
Cheers,
Tenacious Tribe
90% correction may mark a low, at least for a while.Back in 2021 I proposed bubbles of the style of AMC tend to correct about 90%. This move is in with AMC.
We also tend to just spike out the low of the last big rally. This is a panic point for bulls.
Oftentimes we then range for a while and we set up vicious bull traps (And in some cases extreme lows. I do not think that's the case here, tbh, but it should be noted moves like this happened in things like AMZN and AAPL way back when they were fairly new).
Things that have dumped 90% can easily rise 200 - 300%. Even if they're in a net downtrend.
A rude awakening .....Please read this story slowly and carefully. Pass it on to someone you know who may be suffering from gambling problems.
AMC Entertainment was the next heavily overbought stocks other than Gamestop.
And it is such heavy speculation in the stock market that gives people who are not familiar with stock investment a bad name, calling stock investing as gambling, speculation, high risks game, etc.
In fact, stock investing is a boring activity as once the research work is done and the stock is bought, there is little activity that the investor needs to do. In the words of Mark Cuban , he says;“When I buy a stock, I make sure I know why I’m buying it. Then I HODL until I learn that something has changed,” he said. “The price may go up or down, but if I still believe in the logic that made me buy he asset, I don’t sell. If something changed that I didn’t expect, then I look at selling.”
Here are a few examples - NIO , Amazon , Yum China China A50 , to name a few.
In parting, I leave you the words of God here :
Proverbs 13:11 ESV
Wealth gained hastily will dwindle, but whoever gathers little by little will increase it.
Apes 4 the win! Diamond hands prevail!Hello Fellow Degenerates,
WE are forming the Handle of the MOASS Cup, the Boosters are ignited, drink in my Diamond hands, as always MOASS at 2pm! *NFA I'm just an APE, OOGA BOOGA! * APE Sounds wake me up when we reach the Moon and I see phone Numbers! and 2 virgins!
TA is the bomm !! AMC getting readyas shown in all TA's amc is going to squeeze. today 2pm mark my words
and
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otherwise tomorrow 2pm
