AMC Entertainmentที่อัปเดต: $AMC $33 Double Bottom and then $53? Unlikely or Reasonable?
This probably my last AMC publish article for this month. I don't believe in fractal theory. But If AMC hits $33 and bounces off quickly to $40 again. It confirms two things.
1. $33 is the next double bottom. It becomes the new high lows. ($28 was the last double bottom before we hit $53 and fall down.) Along with completing the 3 drop of the falling wedge.
2. $44 is the resistance line. If we break out $44 resistance line one more time. The symmetrical of AMC is then completed. No need to search to $53 to break out.
*Bulls institution bought AMC shares around $33
Quick summary of historical data chart of AMC based on the Daily Chart
AMC fell from $14.54 on March 18th.
April 14th 2021 AMC bottoms around $8-9.
AMC meets resistance level all high at $12 on April 27th 2021. This is the resistance.
AMC was smack down to $8-9 again on May 6th. This is the double bottom.
AMC gain green candle to $10 at May 13th
AMC meet around $14 at May 18th and drops
AMC consolidate gain a new support line $12 at May 19th-21th
AMC then surge from May 25th to June 2nd from $14 to $72
AMC dips $72 all to $28 in August
AMC gain a higher low of $28 when it double bottoms
AMC surge to $53 on September 13th
AMC smack down to $33 on September 30th. $33 became new high low?
AMC surge to $44 on October 19th
AMC dips to $36 on October 22nd
So yeah this is a mixture of technical analysis and theory. But I tried to refrain from theorizing and speculating. Do I believe it? Probably not. Will it play? Probably not.
This is only base on historical chart of falling wedge, and double bottoms of AMC play out beginning this year.
AMC hits $33 and bounces off quickly to $40 again. It confirms two things.1. $33 is the next double bottom. It becomes the new high lows. ($28 was the last double bottom before we hit $53 and fall down.) Along with completing the 3 drop of the falling wedge.
2. $44 is the resistance line. If we break out $44 resistance line one more time. The symmetrical of AMC is then completed. No need to search to $53 to break out.
*Bulls institution bought AMC shares around $33
Quick summary of historical data chart of AMC based on the Daily Chart
AMC fell from $14.54 on March 18th.
April 14th 2021 AMC bottoms around $8-9.
AMC meets resistance level all high at $12 on April 27th 2021. This is the resistance.
AMC was smack down to $8-9 again on May 6th. This is the double bottom.
AMC gain green candle to $10 at May 13th
AMC meet around $14 at May 18th and drops
AMC consolidate gain a new support line $12 at May 19th-21th
AMC then surge from May 25th to June 2nd from $14 to $72
AMC dips $72 all to $28 in August
AMC gain a higher low of $28 when it double bottoms
AMC surge to $53 on September 13th
AMC smack down to $33 on September 30th. $33 became new high low?
AMC surge to $44 on October 19th
AMC dips to $36 on October 22nd
So yeah this is a mixture of technical analysis and theory. But I tried to refrain from theorizing and speculating. Do I believe it? Probably not. Will it play? Probably not.
This is only base on historical chart of falling wedge, and double bottoms of AMC play out beginning this year.
บันทึก
$12.22 Resistance /$14.54 High Resistance = .84$44.44 Resistance /$52.78 High Resistance = .84
.84 x $52.78 = $44.33
บันทึก
More accurate version. Hopefully they let me post the link.
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน