You know what i'm freaking freaking jacked about. I said in my last video that i thought you were gon na end up seeing a freaking doji candle and that is as dang close as it gets on the daily candles dude. This is a hammer candle right, so you got a nice bottoming tail right here, which is a sign of a rejection in terms of sellers trying to push the price down so damn close to a freaking doji candle man. What is up everybody welcome to trey's trades.

We freaking talk fast and don't skip class. I like the purpose by saying that i'm going to find your advisor experts so take what you say: the grain of salt, let's get into the video. So today, my friends, my family, my fellow gamer, we're giving you updated tickets, some of the amc leading into the next trading week. So you can expect what is coming up in terms of microscopic price action.

These are just predictions and things that i'm analyzing right. So we're gon na go with the ortex data, which gives you an idea of the short interest, the utilization, the cost, to borrow any sort of trend that you can see in terms of short, adding to or subtracting from positions the short sale volume percentage ratio which Shows you essentially what sort of trading you are seeing on a day-to-day basis that way we can analyze the short-term price action. You can make better decisions that way and then we're going to finish off with technical analysis. So you can go on your way and prepare for the upcoming trading week.

As always, this uh, this investment is your own personal decision. It's your own personal financial responsibility, whatever you want to do with this right, make sure that you're feeding yourself keeping the roof over. Your head: keep your family happy, keeping yourself happy and sitting pretty solid. So with that being said, let's get into this video baby, so we're starting off here with the short interest and what is rocking right here.

We got 17.85 current short interest of free flow and i'd like to show you guys the overall, rounded off trend line. That way you can have an idea of what is actually happening on a day-to-day basis and keep the macroscopic perspective intact. You can see that it has gone down a little bit over here. The last couple days, 19.2 percent down to about 17.86 and a good way to get an idea of who is actually covering positions is by looking at the days on loan average.

Now, what does this mean now? The average day on loan is essentially the shares online right here, 104 million you can see. This actually is going up significantly. The last day you have 48 days. Average is what is actually being established into the overall market and if you look at the daily candles here and just get an idea of what this looks like, this is one two three four five, six, seven eight nine ten days, so this would be about 20 30, 40.

50.. So the days on loan average is going up significantly, meaning that the average short position as of right now is in that higher realm of the 50s and 60s range. So who is actually covering a position? Then, if the short interest is going down - as you can see here, but the days on loan is going up, this would be the newer short positions right. Some of the smarter, i would call i would call them smarter money, because they're getting out of the shorts, as this is starting to make some sort of uh mover move to the upside.

It's starting to find some sort of ground level. You can see the consolidation starting to happen. It's range trading, meaning it's bouncing back and forth between support and resistance until it gets that next overall leg up of bullishness, you can see that some of the older shorts are starting to cover their positions, while the average days on loan is going up. So, since the newer shorts are the ones covering and the newer the older ones back in that 50 60 70s range are still there.

That leaves a lot of room for upside, because these guys in their heads, are thinking hypothetically yeah, okay, sure let it go up to 30 40 50 bucks. But that is a dangerous game. Dangerous dangerous dangerous because, as it continues to build momentum, it can get out of hand really fast. They've got a lot of time, but it just seems like they don't really give a which i'm cool with.

Let them let them do whatever they want. Current story. Interest is 91.3 million, total shares total and the cost to borrow nothing significant, and this is going to be important to watch the utilization rate. This has actually gone down a little bit now the utilization rate going down from 94 maximum down to about 89.

This could be something as simple as you had shares that were on loan before that that got recalled right. They got brought back to whatever lenders lent out that stock or there's just those newer short positions that just don't want to touch the stock anymore they're. Just giving that stock back the utilization rate going down at 89 percent, just no straight honest as simple as it is, means that that costs a borrower, the pressure on short positions, the the supply and demand chain right. How many shares are actually available? There's not as much pressure with the utilization lower so to see any sort of margin, calls and see any sort of force share loan recall you want to see that cost to borrow and that utilization maxed out, because a funny statistic is the longer utilization is maxed Out the more likely you are to see a four-share recall when the utilization is at 90 or higher you're likely to see a four-share recall within 30 days of that utilization being that high.

So you could have even seen you know. Maybe some of these shares on loan that were previously in the market getting forcibly brought back to the previous lenders. Last time we had a run-up like we did the 77 dollars right. The utilization was maxed out.

So it's something that you want to watch for. On a day-to-day basis to get you that confirmation we're going the right direction right, we have that beautiful trend in terms of utilization going up, and now it is pulling back. So you want to see that trend reverse in terms of seeing that short-term microscopic, parabolic bullish price action. So that's what we got rocking right now.

It's still a step in the right direction, right, we're still stepping, slowly and slowly and slowly towards the next leg. Up and in the short term, i am still more bullish than i am bearish, so you've got that that's the short interest and where we're sitting right now, but the cool thing to see is this daily short sale. Volume percentage is 61 on the last train day of august 20th, which would have been friday, and even that considered you can imagine where that shorting took place just looking at the hourly price action. So, looking at the hourly price action, you had a huge push to the downside to 32 and 20 cents immediately had open right.

These are hourly candles, so one two three hours worth a pretty bearish price action shorts, pushing down the price action you can see. They reflect on the overall price action, 61 of the overall volume being bearish or shorted volume, and then you have this nice push back to close up 1.74 percent green, which is solid now keep that in the back of your mind, guys shorts are trying to push This down and the apes step in every single time in this 30 dollar range to bring the price action back up. I cannot understate the significance of that right. We saw we tried to hold that sixty dollar range it broke down tried to hold the fifty dollar range broke down.

Forty dollar range broke down. Thirty dollar range is doing this. It's doing that sideways training. It's found the forwards found the consolidation zone.

It's found that area of price action where apes are willing to step back in, despite the fact that there's this heavy of short and there's this much of an imbalance between buyers and sellers that keep the price there. That's significant, that's important! That tells you that this is a trading range of price action where the market is deemed. It is worth this much money for a prolonged period of time. You can't, under you, can't understand that you just can't looking at the daily candles think about this guys.

We've been trading between 31 and as high as 46 for almost a month. Now, that's significant information that tells you that this is what the market thinks. The stock is worth just based on pure fundamental, not overvalued price action right now. You can get into the fundamentals and yada yada yada yada, but the truth is the longer stock trades in a certain range.

The more you can believe the stock is worth that much of a quote-unquote price, so that is beautiful. This is a great thing to see. There's a great confirmation which brings me into the technical analysis in terms of where we're sitting right now, so we have found a pretty solid sort of uh consolidation and floor and range bound zone between that 30 and 40 dollar range, and this doji candle. This hammer candle that we saw form up on the daily candles right here.

It's a great confirmation honestly, is exactly what i anticipated on my last sort of amc update video. So i'm happy about that that ended up coming pretty decently well to fruition and it broke this downtrend, so we're in a pretty hard sort of downward channel of shorting down from uh. You can say 37 down to about 32. It broke that downtrend that downwards channel that down level resistance and got ta bounce.

So that's a good thing to see. So what are you watching for? You want to see this break back over this 200 ema, which is this purple trend line? That's the exponential moving average, it's a smooth out lagging trend, line of long-term macroscopic price action and a breakover that essentially acts as a break over level of resistance. I am still short-term bullish on this, so you want to see. Is this trend continuation out of this sort of uh, two lows high close candlestick hourly pattern right here? That's a bullish reversal sign it's a a huge huge, huge sign of sellers not being able to push the price down.

On top of this hammer candle sort of setup, i think what you're gon na see is that fourth test trend come to fruition, as i talked about in my previous video now. What do i mean by this anytime that amc tests a significant level of resistance? The fourth time it will typically break that overall trend, something that happened back in 1450. It happened back at nine dollars, it's happened many many many times and the trend that's been able to predict upcoming bullish moves to the upside. So if you see a 37.50 re-test within the next one, two three trading days, i think you're going to see that 40 recess come next.

So that's the next thing that i'm watching, for we have one test. Two tests, three tests and the fourth test coming up here to the 37.50 level, is, i think, the next piece to watch for coming up into either monday or tuesday. I'm still short-term bullish on this and i think honestly, if you do play call options, i prefer stock right buy stock. First and foremost, if you don't know how options work, i think this is a pretty solid opportunity to buy longer term expirations.

Weekly expirations are gambling. I got ta be honest with you unless you're a trader, you know exactly what you're doing in terms of uh short-term trading. That's something you want to do so be it. But if you were to buy let's say you know, september october, expiration calls for 35 40.

This is a solid opportunity in which to do that and you can make some pretty decent lemon pepper attendees, but that's your own financial responsibility. All it asks is you have your homework written out. You have a plan because if you fail to plan you plan to fail and that's an important thing to come into this stock with and that's what i've got for this update video, so blah blah blah. You know so much real wrapping around reference catch you on the next one light taps always titan's over there.

I think eating his cat food he's actually pretty good. He always plays with my monitors and tries to around with stuff, but he's showing out right now, which is good with me. So that's what i've got. Everybody catch all the next one lights, apps, always much love and peace.