Good evening/day fellow 
AMC apes, bulls, and traders. It has been a rough couple weeks for those who are currently hodling $AMC. We have been promised the moon only to get let down time and time again, day after day. After we reached the 14.50 level, we have continued to descent into a never ending downtrend which was only relieved by ONE day of positive price action. You can feel the anger, desperation, and tiredness of anyone who is on the bullish side of the trade all throughout Reddit, Discord, and YouTube. I too, have admittedly been on the irrationally bullish side and have let my emotions let the best get to me. Last week, I bought some aggressive call options which, of course, expired worthless today. I too have taken a hit (not too big, but still hurts nonetheless). I am still holding onto the majority of my shares that I bought in at 5.66. Needless to say, my portfolio looks like TRASH compared to a just a couple of weeks ago.
At this point, I didn't sell a % of my shares as I started to get into theAMC community more and more. Of course, when we get into communities, we start to get emotional and we forget that we are all in this to better ourselves individually. We might even start to forget our trading rules and ignore common sense. Of course, we can achieve an effort and goal through collective means, as it should be. We as retailers are fighting against the big hedge funds and my hope is that hedge funds will start to fear the retail traders and tip the balance to a more fair market that is not heavily in favor of the hedgies. We also must strive to take profits and accumulate. Taking profits is NOT paper handing. In fact, I believe it's more bullish to take profits at over bought levels and to re-buy in at oversold levels. This way we have more dry powder to inject into the market. This is the reason why the stock has been flat for a lot of days. It is clear that many retail traders are out of ammo or are in the sidelines waiting for more decisive price action. To beat the hedge funds at their game, this is what we must do. Buy (NO MARGIN/LEVERAGE) and HOLD throughout down periods (such as the one we are in now), but sell a little bit if we shoot up quickly. There are always dips and nothing goes up in a straight line. And if it does, you can be sure that it will come down in a straight line.
I am not going to be talking about the share dilution because I assume most of you are smart enough to realize that all the TV networks such as CNBC, Bloomberg, etc. are fake news whisperers of the hedge funds. They are paid by these f*cks to talk down good stocks that have the possibility to go up 100s of percentages. As I said in previous ideas, the rich, the 1%, and the suits DO NOT want you having anywhere near a 100k portfolio. Robinhood and friends are happy at retailers for playing with small $500 accounts and blowing them up every other month. They are threatened that we have figured out a way to potentially squeeze them out of of their positions in order for us to gain substantial wealth that can help leverage them out of their positions which they have been taking on for years, taking on positions with money that they don't have on margin, and even shorting synthetic shares (This should be F*cking illegal).
On to the technical analysis
Now for the technical analysis. I believe that we are still in this tight symmetrical triangle that has been compressing for over 2 months. The apex (tightest point of the triangle) is set to resolve itself around the 16th of April. Interestingly enough, this is an expiry date for options (hint, hint).
Based on my recent comments to other users, I have noted that I am starting to reconsider my bullish thesis on $AMC. The reason for this is purely technical, and not fundamentals. I believe the fundamentals are still bullish...Earnings forAMC next quarter will be very very good (we can only go up from here after a disastrous 2020). The share dilution thing is being blown way out of proportion is it is a vote to CONSIDER releasing 500 million shares. Even if the vote DOES pass as a majority YES, it does NOT mean that we are going to magically get 500 million more shares and drop 50% the next day (although this scenario could happen if the AMC CEO decides to go ahead with it)...the dilution delusion is just more FUD. This stock has been the source of a lot of FUD, even from our fellow 
GME apes that say that AMC is dead in the water and that they are the only stock that is going to squeeze. Many of these same people will be jumping ship to AMC if and when it starts to moon.
Basically, I have pretty much pointed out all the technical points of the chart and the levels that we must hold, visually. One thing I will say is that we MUST begin next week with a bounce as we have still not confirmed a higher low of this symmetrical triangle. If we drop more, it is going to be harder for me to draw a pattern that will push a technical bullish picture.
I believe the low is in (8.96), as that is the 0.618 fib level and keeps getting respected. However, I do not want to see us spending too much time here as the more times a support is tested, the more likely it is to break. Conversely, the more times a resistance is tested, the higher % of a break out. We should now start testing RESISTANCES in order for us to continue with a bullish narrative of this stock...
AMC apes, bulls, and traders. It has been a rough couple weeks for those who are currently hodling $AMC. We have been promised the moon only to get let down time and time again, day after day. After we reached the 14.50 level, we have continued to descent into a never ending downtrend which was only relieved by ONE day of positive price action. You can feel the anger, desperation, and tiredness of anyone who is on the bullish side of the trade all throughout Reddit, Discord, and YouTube. I too, have admittedly been on the irrationally bullish side and have let my emotions let the best get to me. Last week, I bought some aggressive call options which, of course, expired worthless today. I too have taken a hit (not too big, but still hurts nonetheless). I am still holding onto the majority of my shares that I bought in at 5.66. Needless to say, my portfolio looks like TRASH compared to a just a couple of weeks ago. At this point, I didn't sell a % of my shares as I started to get into the
AMC community more and more. Of course, when we get into communities, we start to get emotional and we forget that we are all in this to better ourselves individually. We might even start to forget our trading rules and ignore common sense. Of course, we can achieve an effort and goal through collective means, as it should be. We as retailers are fighting against the big hedge funds and my hope is that hedge funds will start to fear the retail traders and tip the balance to a more fair market that is not heavily in favor of the hedgies. We also must strive to take profits and accumulate. Taking profits is NOT paper handing. In fact, I believe it's more bullish to take profits at over bought levels and to re-buy in at oversold levels. This way we have more dry powder to inject into the market. This is the reason why the stock has been flat for a lot of days. It is clear that many retail traders are out of ammo or are in the sidelines waiting for more decisive price action. To beat the hedge funds at their game, this is what we must do. Buy (NO MARGIN/LEVERAGE) and HOLD throughout down periods (such as the one we are in now), but sell a little bit if we shoot up quickly. There are always dips and nothing goes up in a straight line. And if it does, you can be sure that it will come down in a straight line.I am not going to be talking about the share dilution because I assume most of you are smart enough to realize that all the TV networks such as CNBC, Bloomberg, etc. are fake news whisperers of the hedge funds. They are paid by these f*cks to talk down good stocks that have the possibility to go up 100s of percentages. As I said in previous ideas, the rich, the 1%, and the suits DO NOT want you having anywhere near a 100k portfolio. Robinhood and friends are happy at retailers for playing with small $500 accounts and blowing them up every other month. They are threatened that we have figured out a way to potentially squeeze them out of of their positions in order for us to gain substantial wealth that can help leverage them out of their positions which they have been taking on for years, taking on positions with money that they don't have on margin, and even shorting synthetic shares (This should be F*cking illegal).
On to the technical analysis
Now for the technical analysis. I believe that we are still in this tight symmetrical triangle that has been compressing for over 2 months. The apex (tightest point of the triangle) is set to resolve itself around the 16th of April. Interestingly enough, this is an expiry date for options (hint, hint).
Based on my recent comments to other users, I have noted that I am starting to reconsider my bullish thesis on $AMC. The reason for this is purely technical, and not fundamentals. I believe the fundamentals are still bullish...Earnings for
AMC next quarter will be very very good (we can only go up from here after a disastrous 2020). The share dilution thing is being blown way out of proportion is it is a vote to CONSIDER releasing 500 million shares. Even if the vote DOES pass as a majority YES, it does NOT mean that we are going to magically get 500 million more shares and drop 50% the next day (although this scenario could happen if the AMC CEO decides to go ahead with it)...the dilution delusion is just more FUD. This stock has been the source of a lot of FUD, even from our fellow GME apes that say that AMC is dead in the water and that they are the only stock that is going to squeeze. Many of these same people will be jumping ship to AMC if and when it starts to moon.Basically, I have pretty much pointed out all the technical points of the chart and the levels that we must hold, visually. One thing I will say is that we MUST begin next week with a bounce as we have still not confirmed a higher low of this symmetrical triangle. If we drop more, it is going to be harder for me to draw a pattern that will push a technical bullish picture.
I believe the low is in (8.96), as that is the 0.618 fib level and keeps getting respected. However, I do not want to see us spending too much time here as the more times a support is tested, the more likely it is to break. Conversely, the more times a resistance is tested, the higher % of a break out. We should now start testing RESISTANCES in order for us to continue with a bullish narrative of this stock...
Nota
GOOD NEWS APES!
JUST AS I PREDICTED, WE GOT THE BOUNCE ON MONDAY. HIGHER LOW IS NOW CONFIRMED! WE ARE BACK IN BUSINESS.
Nota
As long as the price is trading inside the triangle and within the boundaries, I am very bullish looking for a squeeze to $50 and above! I want to see a strong bounce on Thursday to the mid - high 11.xxx level
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.