$AMC saw some of these levels yesterday play out as we quickly saw the gap above get filled and hit the $15.05 fib level with a high of $15.29 (low of day $14.20) — markets then slumped quickly after the bell as reaction to the GDP report and from the FOMC pump on Wednesday.
Nearing lunch time we start to see the broader market lift and by the afternoon an upward trend was happening. $AAPL & $AMZN beat last night in AH helped set up the $SPY to reach $409.69 in AH — closed at $406.07 and currently $407.73 in PM
$AMC closed Thursday right above its 50DEMA of $14.54 at $14.58. After the initial run and sell off in the morning, $AMC tried testing that $14.73 level a couple times in the afternoon and nearing close.
$AMC retraced to the .618 on Wed created from the $18.37 high last week, prints a bullish hammer which set it up yesterday’s price action. Gaps remain.
Watching $15.59 if above $15.29
Gap at $14.73 if above $14.54
$13.87 if below $14.20
$12.65 if below $13.82
50DEMA $14.54
Max Pain currently at $14.50. $AMC will either accept the $14.54DEMA and respect it or it’ll be the point of resistance.
Watching $16.65 if above $15.60 would be extremely bullish as there is a gap to be filled (most unlikely)
Earnings next Thursday 8/4 after the bell #AMC
Hovering around that 50DEMA $14.54 level on the 5min $AMC #AMC
Current HOD $14.55
Watching into the close $AMC #AMC
$AMC As expected, around the 50DEMA. Closed down $.02 from yesterday! Super low volume today — last time $AMC had sub 20M volume was back on Nov 26. Earnings next week. Enjoy your weekend and I’ll put out a fresh analysis & summary for next week on Sunday night or Monday PM🍿👊🏻😎
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