wait for channel breakout with good volume we will see awesome move on upside.
Get your X investment on mentioned level Let’s you have 700$ X+2x+4x =7x X will be 100$ Invest wisely, I would prefer price around 8
AMC trading at crucial level a breakdown from here take amc towards 18$.
Paperhands need to understand this Algo trading and they must buy their sold share now or it will be too late for them to buy at such low prices.
We have a breakout of the long term wedge and while that should have been enough to draw people in and propel the next leg up, volume lacked with an astounding 70% off-exchange volume percentage average for the week. Algorithms appear to be running the stock and I believe we will be repeating a breakout similar to the late August run to $52, in the coming trading...
1. price contraction is building up. ( wedge pattern ) 2.inflation and bond yield event has been observed by the market.( bad times are gone) 3. festive season is about to come. (+ve for entertainment industry) 4. 100 EMA support is visible as seen is past. one should wait for the breakout.
Looking solid. Get ready for new highs. Should be breaking through 48.90
AMC's stock price corrected drastically after reaching all-time highs. The bearish shark pattern correction seems to be completed and the hurdle is to break the trendline with huge volumes bouncing off of the demand zone. The idea is neutral because there is a chance for collapse also. The breakdown below the demand zone completes descending triangle pattern....
it did cross the 50 average but quickly found support and is coming back up just hold apes
The Fibonacci ratios are widely used among traders to help identify potential areas of reversal in the movement of price action. The Trend-based Fibonacci Extension tool utilizes three points on a previously identified trend in order to draw the Fib ratios on the chart. In the chart above, price was rejected twice forming a double top which is a fairly strong...
As per Elliott waves, this is in wave3 of wave3, long way to go in this. Can buy and hold for targets. We might see AMC at 25-26 in short-term of 4-6 weeks of time.
AMC Consolidation on lower time frames has developed a nice Cup and handle Pattern on the Daily Chart. Looking to hold above the 0.5 for confirmation to see the 0.618 @ $13.31. Lots of options to keep an eye on this coming week with the sentiment leaning bullish. There is also news of Los Angeles AMC theaters opening Monday 3/15/2021, which can give AMC a push...