Load up and sell around $10 Get ready for another massive AMC pump. My conservative target is around $10. We have a Bullish convergence on MACD, price is trading above the fast moving averages (11,25,50).
AMC2 trade ideas
mmmmh, as expectedI hate AMC because the CEO is a thief, is cheating the people, and I don't know why the SEC is doing nothing. It looks like a very speculative game, so I was expecting to see this since May 10th.
I sold APES and bought AMC because I think APES will disappear.
Today the judge ruled in favor of AMC, allowing them to issue 100% of shares, so now we are diluted 50% with the creation of APE, and 50% of the 50% with the creation of these shares.
Could this REALLY be it?No more time for anymore TA at this point. GOD SPEED TO ALL THE APES. I bought my first 2 shares on december 9th of 2021. I expect news in premarket and it would fit percetly after the heavy beat down 'supposedly' caused by our very own Adam Arno.
He posted a two-page letter directed to the investors which caused a lot of backlash on twitter. People immediatly expected a dump, which imo was AAs objective. The people now had an explanation on why this beat down took place! I think the post was mostly pre written for this type of event. This is purely speculation.
I expect positive court news on monday in pre market which would then spark the next buying spree sening AMC higher.
Sounds good but why would Goldman Sachs name this exact price target. Is it really just fib levels or are they expecting retail to have their eyes on these levels? If retail expects AMC class A common shares to be trading at 175$, I would expect Hedgefunds (including banks) to dump a little before. 140$ maybe?
Or Could it be that they expect AMC+APE trading at roughly 17.50$ pre-reverse split which would take the price of the new AMC class A common share to 175$.
What I want to make clear is that we really don't know. We can only make guesses and predictions based on information we take in and we have to be honest now. AMC only ran in these type of enviroments and now that the narratives flip more bullish, it paves the way for the next meme-stock rallye!
I can't wait to hear from judge Zurn!
AMC LONG TF M15, TP = 5.36On the M15 chart the trend started on July 28 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 5.36
But we should not forget about SL = 4.51
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelieveInTrading
AMC 1H (Bullish Scenario)The AMC holding company's stock shows good upward conditions in the long-term timeframe, and in the 1-hour timeframe, as you can see, it is currently under a resistance level at $5.25 . If it breaks this resistance with momentum, it could move towards the declared targets.
However, if it rejects from this resistance level, the support zone at $5 could guide the price upwards once again.
Bullish on AMC. Read BelowThere has to be some major volume moves happening within the next few days to make or break this moment for all apes that have been patiently holding for almost 2 years. This stock in particular has been hovering the threshold list for quite some time. With the recent court ruling giving way to the short run we had to the $8 dollar mark. I am confident something in the works is brewing. Crazy things have been happening lately with the FTD's, Naked Shorts, cost to borrow fees, and overall volatility conditions.
AMC 2023 ProjectionCycle signals being picked in November 2020. Expecting a parabolic arc set up, similar to GME before Jan 2021. Important that higher lows are established on the way up and ascending support trendline is respected. Targets are based on support, parallel, and volatility zones.. A ripple effect is possible if the volatility zone is crossed, this could send AMC to new ATHs.
AMC Decending Broading WedgeLooks to be a break of the long term resistance line we have tested multiple times in the past. Huge surge in volume as we broke the structure, which has now decreased as price has come back to test the trendline. Cautious here as we have broken the decending resistance line before only to come straight back down into the structrue.
However, note the volume spikes each time we push up to test the top of the wedge and this has been huge this time around. Sadly the run was stopped just under 9$ which is a histroical support line turned resistance. No surprise we got stopped here.
Really need some more momentum to come through now to confirm any move up. We have held a good base in the 4$ range for months now and volume spiked as soon as we dropped below that, bringing us back into the range.
Obviously we could see moves down if the settlement is approved and C R/S goes ahead. This whole RS and APE conversion to AMC is difficult and throwing me off here.
If we see some more momentum and settlement is not approved soon then we can move higher. I hope this is the case but we never know with this stock..
AMC Stock: The Potential Short Squeeze?AMC Stock: The Potential for a Short Squeeze Explained
If you've been following the stock market news, you've likely heard about the potential for a short squeeze in AMC Entertainment Holdings (AMC). But what does that mean, and why is it happening? Let's break it down in simple terms.
What is a Short Squeeze?
A short squeeze occurs when a stock's price starts to increase, and the traders who had bet against that stock (known as short sellers) scramble to limit their losses. This usually involves buying shares of the stock, which can drive the price up even further.
Why AMC?
There are several factors that make AMC a candidate for a short squeeze:
High Short Interest: A significant portion of AMC's publicly available shares are under short position. As of July 24, about 28% of AMC's publicly available shares were under short position, according to Reuters. This high short interest can lead to a short squeeze if the stock price starts to increase and short sellers scramble to cover their positions.
Stock Borrowing Rates: The borrowing cost for AMC stock has skyrocketed, which increases the chance of a short squeeze. High borrowing costs make it more expensive for short sellers to hold onto their positions, which can force them to cover their shorts, driving the price up. This information was reported by Finbold.
Potential for Recovery: There is a belief among some investors that movie theaters will fully recover from the impacts of the pandemic, which could drive up the price of AMC shares. If this happens, short sellers may be forced to cover their positions, leading to a short squeeze.
Legal Developments: A U.S. court recently blocked AMC's stock conversion plan that risked diluting investors' holdings. This decision was seen as a win for equity holders and led to a surge in AMC's stock price, as reported by Reuters.
Goldman Sachs Price Target: Goldman Sachs, a renowned financial institution, has given AMC Entertainment a new price target of $175 per share, a significant increase from the current share price. This new price target has been reported by multiple sources, including Franknez.com and InvestorTurf. This development could potentially trigger a short squeeze as short sellers rush to cover their positions.
What's Next?
While these factors can increase the likelihood of a short squeeze, they do not guarantee that one will occur. Investing in stocks always carries risk, and it's important to do your own research and consider your own risk tolerance before making investment decisions.
In the case of AMC, keep an eye on the news for any changes in the factors listed above. Any significant changes could impact the likelihood of a short squeeze.
Remember, investing should be based on careful research and consideration, not just trends and speculation. Always make sure you understand what you're investing in and why.
Can AMC continue the bullish momentum?AMC popped over 50% on the last trading day. So questions arise could include
whether there is an juice left in the move? Are there short sellers now buying
to cover to cut their losses? On the 15 minute chart, the parabolic move is
obvious. The volume profile shows the highest volume of trading at 7.42.
A typical end of the trading day and week fade is seen with volume falling as
well. Price is now getting support at the first VWAP band above the mean
line somewhat confluent with the POC. A reasonable target is the high of
Friday's trading session at 8.75 but bullish momentum could push price above
that resistance. The is a major VWAP band breakout. a parabolic move that
potentially could continue.
Accordingly,
I will take a risky trade with a limit order at 7.45 where AMC will be
above its POC line as an sign of a potential resurgence of bullish momentum.
I will watch for a volume spike showing that new buyers like myself and
short sellers liquidating are combining in selling pressure. I anticipate
great price action and a quick profit. The trick is knows when to sell to
realize profits I will sell one-tenth of the position for every 3% in profit
unrealized and could find an overall profit of 15-25% which would be a
great way to start the trading week. Some might call this chasing and I
understand that. I see it has high risk with higher potential reward especially
if a short squeeze kicks into the higher gears.
AMC making me want to sleepThis stock could not be more boring.... We still have this count as listed and should see a turnaround and an explosion to upside but when? That is the question when..... Until we break out of the descending triangle I would not expect much from this stock right now. If we are to see a break down below the blue support line get ready for even more downside.
