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AMC - New cycle initiated?
AMC Entertainment
Long
AMC - New cycle initiated?
Di Bradtheinvestor
Segui
Segui
13 mag 2024
4
13 mag 2024
AMC looks like it will go onto a gap-filling rampage over the coming weeks and months.
I have highlighted all gaps (red lines) that need to be filled from $3.00 to $37.00.
I would expect AMC to get to hit anywhere between $6-9.36 before a reversal back to $3.00 then a new bull run.
Long term Trendline
: it appears both
GME
and
AMC
have broken their 3-year downtrend and started a new cycle.
Volume:
Lots of new volume entered today and the first for a couple of years. Confirmation of a reversal.
Charts don't look like much, but provides clear targets
AMC
could take out in the neat future.
13 ago 2024
Nota
Well
AMC
has taken out 3 of my 5 targets.
The target above $11.77 sits at $37.
Given the current rotation
AMC
is getting ready for a significant move.
Based on historicals, there may be one more move lower before we target $37, but the ideal scenario is to see $37 from where we are now.
AMC
Beyond Technical Analysis
GME
Trend Analysis
Wave Analysis
Bradtheinvestor
Segui
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$AMC - Is the bottom in?
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