Amc is currently tracking Tripple bottom zone like Apr 2020-Jan 13, 2021 before squeeze like 2021 end of Jan
Hey guys. Currently, AMC has been showing very boring price movement but I just want to chimp in to share what I am looking at.
First, I want you look at it from bigger picture. Let’s look at Long, Short signal first and how it has been tracking Apr 20, 2020 – Jan 13, 2021 (266 Day supression & Accumlation period) before letting it run.
Based on this period, I am expeceting to move up a bit in end of July-early Aug and come back down again to create triple bottom and run in end of Sep to early Oct
Second, let’s move onto Moving averages. Pink line (360 days Moving average) must be above Yellow Line (200 Moving average) and currently is, when these line touch the candles, it moves upside. It does follow very similarily to 2020-2021.
RSI (Weekly) – Moving upwards through A -> B and C would be next tripple bottom area before run.
MACD shows divergence as well. When the blue/organge line cross the middle line, squeeze will occur.
TTM squeeze also shows divergence clearly in 2 days.
Hope this helps to see things a little wider perspective.
*TLDR: Squeeze will start end of September to early October.
Also, if there is second squeeze like 2021 June, it will happen in 2024, end of Jan to early Feb
If you like this, I will try to update things time to time.