$AMC v $GME
Pic I and II
Monthly charts of AMC and GME
In pre 2020 - 2021, both AMC and GME showed a classic DISTRIBUTION-ACCUMULATION-MARKUP schematic with a Spring action.
In both, the volumes + volatility increased as the price moved through these phases.
The GME algorithm was ahead of AMC and the GME price was surging, while AMC had to catch up!
In the final days of the MARKUP phase in 1/2021, both algo's were in complete sync and climaxed simultaneously!
Since 2021, the AMC algorithm has been following a similar but a much bigger schematic of DISTRIBUTION-ACCUMULATION with increasing volumes and volatility!
The price has been falling underneath the massive Ichimoku Cloud + all of the moving averages (MAs)!
The MAs has been stretched to the max, with ever increasing distance among the MAs!
AMC has completed its SPRING and now likely in the early stages of the MARKUP phase!
In contrast, since 2021, the GME algorithm has been unfolding in a totally new direction and following a RE-ACCUMULATION schematic, with decreasing volumes and volatility!
The RE-ACCUMULATION phase is complex: the first half played out as a falling flag, ending into a SHAKEOUT or a ST in B in 4/2024, and immediately followed by a massive price spike in 5/2024!
In the second half, the price started to move sideways, in a narrow range, compressing and squeezing all of the MAs into almost a single point!
Note that the current price is just below the Cloud, but remains well above most of the major MAs, including the monthly 100 MA and the 200 MA, which is a bullish sign!
Pic III
The two drawings, respectively, show the Wyckoff ACCUMULATION and the RE-ACCUMULATION schematics.
Pic IV
Similar to a coil, the "kinetic" energy in AMC and GME is building by two different mechanisms!
In AMC, the algorithm has been building its momentum by stretching the MAs to the max, similar to stretching a coil to the max!
In GME, the algorithm has been building its momentum by compressing the MAs to the max, similar to compressing a coil to the max!
This is the main reason why, as opposed to 2020-2021, the GME price remains extremely compressed with diminishing trading volumes, while the AMC price is surging with massively increasing trading volumes!
At some point, the GME's EXTREMELY COILD algorithm may suddenly unleash its "energy" and may show a violent move to the upside and also start running!
There is, of course, also a chance that the GME algorithm makes a move to the downside and forms another shakeout and remains in the re-accumulation range!
NFA
Good luck!
Las 3 IPOs mas importantes del ciclo... dinero me va a faltar para comprar algunas CUANDO VENGA EL DIP claro... porque despues del rip. Vendra el Dip... ya se vera!
$AMC It’s beginning to look like a coordinated effort. Perhaps AMC planned implementation of these innovations to begin once they could get their debt financing runway in order.
Now we have The World Cup showing at AMC on top of the Arena One Live Concert innovation.
Combine that with Adam Aron’s open market purchase of 250k shares of AMC common stock and it begins to look like a pattern.
With that in mind, there could be an official announcement of AMC live sporting events pending, perhaps broader than World Cup which may just be the most attractive revenue and time sensitive category implementation.
This is the turning point, re-rating and re-pricing are coming.
I am here because no one is reporting on $AMC. Stock broke above second Supply Zone, which I call bullish in any ticker. 200MA looms at $2.17 and next Supply Zone around $2.30 may act as resistance.
Added to my position via Calls on yesterdays mid-day dip. Probably degenerate but they are up 131% in a day. Still long my shares at $0.9699, up 91%.
HAVE A PLAN. Don't ask mine - told you the plan last 17 months. #AMC