AMC2 trade ideas
AMCThe market has achieved the first target, I will put the idea link below, now wait for one of the two movements
The first is for the price to fall to the neckline area of the double tops pattern 21.89 as a retest to rise again
Or to rise from level 23.95 directly to achieve its next target 29.04
I'll show you how to make up to 50% gains in AMC in TWO DAYSI have been forecasting a high near $30 on AMC for a while now. There are a lot of Wyckoff trading ranges working in conjunction with one another at the present time, which is great because it allows for much better price forecasts.
Expect that the markets will be CRAZY next week. We will be hitting a top in the markets and there will be yet another round of teeth gnashing for the general public in Q4. I fully expect to be making fresh lows in this bear market overall.
The more we get closer and price plays out, it is easier to map out the likely price action. I've been following AMC simply because there is high general interest in it which allows for much more volatility in the stock. Volatility = good thing if you know how to trade it right.
Here is how I'm seeing AMC shaping up next week.
Monday, we will likely start out the gates LOOKING bullish, but that quick bullish move will likely retrace back into the low $22 range by close of market.
My forecast for Monday is around a $26 high, I think it will come off as a bullish run in the morning as stated above, but by lunch time or closer to close of Monday's bell, we will be near a $22 low. You should be ready to capture that $22 low Monday...
We could very well see a $22 low by lunch on Monday as well, and a very strong move upwards by close of markets Monday.
Near close of markets on MONDAY and into TUESDAY is going to be fireworks... Or a continuation of fireworks that started from Monday.
I am currently of the belief that price is likely to reach $33 - $34. I personally won't get TOO greedy, and will be looking to take profit at $33, which is still very close to a 50% gain in just two days. Throwing in $10k, that's still a roughly $5k profit, minus "this, that, and the other for fees"...
STOP loss is at $20.50 - if we reach that, something with the plan went wrong, and we parachute out of the position and wait for further confirmation of the situation before we take a trade.
$33 will take profit and roll my position into a SHORT. Expect a strong decline in the markets in general. I will keep an eye out for signs of a turnaround. But won't expect it for AMC stock until at least end of October or November at best.
IF WE MAKE A HIGHER HIGH ABOVE $34.31, IMMEDIATELY STOP LOSS FROM THE SHORT POSITION. WE MUST RECALCUATE PRICE ACTION.
ENJOY
AMC to $22 before $30 -$33 price next week. Don't wait for splitI'm going to clarify this... I know that AMC is dong a "special split".
Don't be consumed, this is stock dilution... Period.
The HIGH next week will come BEFORE the 19th. There will be a HUGE crash of this stock before the 19th. You won't be able to catch the top AND have the APE split, so you better get clarity on which one is more important to you. The worthless split, or catching the high?...
Me personally... I'm cashing out my calls that I will be in at the beginning of next week and flipping to short positions immediately after targets are reached.
FYI - we may even get to the $22 range by the close of the market today, not 100% sure. If not, definitely at the beginning of the week. Buy, rinse, repeat, sell.
Good luck
AMC Stock Technical AnalysisThe Idea would be to follow the trend, therefore find a signal to sell as the trend is downward.
Option One Sell only if in the next day the resistance of 28 USD will not be broken.
If the 28USD will be broken just HOLD.
If you are long maintain the position if the 28 USD will be broken. You should not be long on a bearing market.
AMC Friday $ Target we need to continue to hold our first support above 23$+, in order to confirm the breakout from our resistant around the 26.70$+, if we did we going to have a test for the 33$ price level .
on the other hand if the short are heavily shorted AMC , we might have breaking for the 23$ SP, but we need to hold above 19$+, to show us that AMC still in Bullish momentum to reload and retest the 26.70$, breakout zone the next week.
Buy AMC @ $15 Target $22 Nov 22, 2022AMC Entertainment Holdings
Old Dinosaur Pump and dump Stock
Technical Analysis
1. Showing Support @ $12.50
2. Break below support to $10.00
3. Bullrun set Resistance @ $18.40
4. Pull-back for ideal buy entry $15.00 or better
5. Target @ $22 Nov 22, 2022/ $30 dec 22, 2022
Fundamental Description
Find movies near you, view show times, watch movie trailers and buy movie tickets.
AMC Theatres has the newest movies near you.
Headquarters: Leawood, KS
Founded: 1920
President: Adam M. amctheatres.com
Subsidiaries: AMC Theatres, Odeon Cinemas Group, MORE
(For speculation Purpose only)
8/10/22 AMCAMC Entertainment Holdings, Inc. ( NYSE:AMC )
Sector: Consumer Services (Movies/Entertainment)
Market Capitalization: $12.233B
Current Price: $23.67
Breakout Price: $27.00
Buy Zone (Top/Bottom Range): $20.60-$14.20
Price Target: $33.00-$34.20 (1st), $40.60-$42.30 (2nd)
Estimated Duration to Target: 23-25d, 47-50d
Contract of Interest: $AMC 9/2/22 25c, $AMC 9/16/22 25c
Trade price as of publish date: $3.55/contract, $4.25/contract
AMC Next stop @ $33 APE STRONGAMC Next stop @ $33 APE STRONG
Think were headed up to $33 with Ease...
Might have a pitstop, probably due to a halt @ $33 where afterwards we form the handle and curve to the moon for crayons! IMO Not Financial advice If Everybody bought in, what could the hedgies do? ABSOLUTELY NOTHING HUUU LOL GOOD LUCK SEE YOU ON THE MOON FOR MOASS
DON‘T LET THEM CONFUSE YOUGood to go to the moon. Remember how the enemy moves! Divide and conquer. People fighting over which stock squeezes first/highest. What the pricetargets are. Confusion over the dividend. Just know, if you feel confused or worried it‘s because SOME WANTS YOU TO BE. Leave your emotions out the door because if this thing goes, you wont be able to make clear decisions. Make an exit plan. Some will sell too early, some will hold on with their dear life just to see the price hit XXXX and then tumble back down.
Know how much you need/want.
This is not a fundamentals game.
Stay focused. Stay Zen.
Don't worry, b..uy more.$AMC looks beautiful. Nothing goes up in a straight line. Think of it as serpentine roads up to the alps, where in our scenario the destination is the moon and the setting are burning hedge funds with their managers crying on the balcony while the retail investor makes big bank. Don't be foolish to sell right before the dividend! And compared to whats coming, this is NOTHING!
Stay strong. Stay zen.
AMC short AMC has made a full 76 retracement and this flags up the next short entry.
We also have the classic social signals of AMC attracting a lot of bullish attention. I've even had people show up to tell me I was wrong about AMC heading to 7 (I think I said this when it was over 50) even though I've not been talking about AMC short.
These are the types of things I like to see into 76s. Short AMC.
