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AMC trade ideas

AMC: A top sign! What it takes for it to reverse?• AMC is in a resistance área made by the 21 ema and the black line at $6.80 – which was a previous support level multiple times in the past, now it is working as a resistance, following the Principle of Polarity; • In addition, we see a top sign, as yesterday it did a Shooting Star candlestick pattern, and today it is doing another bearish candlestick; • If AMC loses yesterday’s low it might drop again to the previous support at $5.47 (red line), resuming the bear trend; • By losing the $5.47, the next stop would be only at $5 area; • Could AMC avoid this scenario? Yes, if it reacts quickly and breaks the dual-resistance area made by the 21 ema/black line – preferably closing above it; • This could reverse the trend in the short-term to the $8.15, our next resistance; • Since we have earnings in 12 days, this could enhance the upside (or downside), depending on how the market reacts to the results. Remember to follow me to keep in touch with my analyses!
NYSE:AMC
by Nathan_The_Finance_Hydra
AMC | InformativeNYSE:AMC we have two possibilities: 1- RSI is low, it's in oversold territory, and volume on the last session was more than average, so I expect a bounce up like a dead cat bounce for adjusting the indicators. If it breaks 21.07$, it can hit 23$ or 24$ as the target price. 2- It can continue bearish price action and hit the following support levels; this idea is valid if it loses 20.03$, then the next immediate targets are 17$ as minor support and 15$ as significant support, I expect it hits 7$ eventually. But we will see. I flow with the market at the moment; there are many uncertainties. *This is my idea and could be wrong 100%
NYSE:AMC
by shkspr
6
$AMC: Long Target 24.64$⚡Inverse Head & Shoulders Pattern forming? ⚡Neckline resistance 13.5$ Supported by Ichimoku Cloud resistance ⚡Bearish Divergence on the MFI, watch for a bounce at the 5.85$ area (huge liquidity zone) ⚡To confirm the Inverse Head & Shoulders Pattern a break of EMA 1 resistance is needed (8.6$ along with EMA 2 resistance, 10$) ⚡Strong VPVR resistance to the 12$ level ⚡Target of the Inverted Head & Shoulders i 24.64$ measured from the head to the top of the neckline ⚡Confirmation of this pattern is once the Ichimoku Cloud is broken forming a right shoulder (engulfing volume) *WARNING* This thread is not financial advice. I am not a financial advisor.
NYSE:AMCLong
by Patriick2jz
5