What's up you beautiful people, it's your boy, troy from toys, r us coming back again for another freaking youtube video here in vietnam: oh baby! What is up? Everybody welcome to trades trades. We have technical analysis, different stocks in the stock market, as well as potential buy holders, sell opinions on these. Given stocks, like your purpose, by saying i'm, not a financial advisor nor expert. So let's take what's in the green assault, let's get into the video.

So today, my friends, my family, my fellow gorilla gang we're going to do the update on ticker symbol, amc here for the daily technicals we're going to go over a couple different things. Remember the technical analysis on the stock. What we're looking at right now what's important! What's not, i wan na go with the ortex data, as i was asked quite a few questions on my live stream during the day today how to go over the overall short volume percentage and just the overall scheme that we were looking at here for amc stock, Because we were at a pivotal, pivotal, pivotal moment coming up here for it for for what's going to be cooking up with amc, so without further ado, let's get into the video. So first i want to address the overall ortex data.

What do we have cooking up here? Should you be concerned with some of the numbers? So the big thing is this: the utilization dropped from 100 down to 21.4 percent and people went haywire they're like holy toledo man. Does this mean that all the shorts have covered their positions, and i saw this data and i thought to myself: okay: the utilization has dropped from 100 to 21.4, but the shares on the loan has stayed relatively the same. There must be an explanation for this right, because not all shares on loan are gone. Not all this sort of interest is gone right, it's simple as that.

So what happened is this two different things and they were confirmed by ortex. I tweeted them out my speculation. My hypothesis and both seem to be true. The first one is this: the demand to open a new short position for amc has significantly gone down.

People don't want to loan out anymore. They don't want to. They don't want more shares right. They don't want to lend they want, they don't want shares lent to them to start a new short position or, to you know, lend out again for a short position, because of how risky this game is.

The second is this: there are simply more available shares for lending than there were previously right now. Keep in mind. This is a t plus two, so this data is lagging behind by about two days, so this is likely something that happened about two days ago and now we are seeing the effects as it is now right. So this is not anything to be concerned with.

In my personal opinion, i could be wrong right, but to me this just indicates that this is a risky bet which we all know is actually is factual right and, secondly, that there's more shares available for lending and if these shares get eaten up, the utilization goes Back to up to 100 in the short term, this could create a situation where it becomes. You know you might see a little bit of selling pressure right, but in the long term what this does is it raises the ceiling right, there's more opportunity for the short squeeze to truly reach its full potential. So i'm not concerned with this overall in this overall data right or text is still covering this. They still rate this as a very good overall squeezable stock.

They actually wrote a story about it today, which is very freaking, solid and e. If you're, if you're familiar with him, tweeted out, that amc is a 10 out of 10 squeeze potential based on different algorithms and data that is available and he updated today saying that that is still the case. So that's kind of addressing the questions and the uncertainty. The fear the doubt about what is going on with the vortex data.

Is it something to be concerned about, and i personally believe that it is not just based on the fact that the shares on loan is still extremely high. The short interest is staying about the same next, i want to go over the overall short sale volume percentage. According to yesterday, we saw that 49 of the overall volume was short volume that comes out to 49.8 million shares. I say this every single freaking day guys, but the numbers do not add up, and it does not take much more than simple math education to understand that if the free flow of the stock is about 417 million, as it sits right now, yet you see that Much volume circulated on a day-to-day day-to-day basis, you're very likely, seeing some malpractice, some corruption and some numbers that aren't ending up, and it's that freaking simple, the ftds, the failures of the livers right, the ious all the naked sorting that has taken place.

That stuff is compiling compiling compiling to where we are sitting right now, which allows them to be able to show the stock the way that they have been so that's kind of what you're looking at in terms of the actual short interest data and, what's cooking up On the stock, which is going to bring me to the actual technical analysis, the setup that we've got cooking right now, there is a very critical pivotal moment that is taking place. Now. Yesterday i mentioned this, i said we need to see a break or 14.50 to get a critical, critical stage, a pivotal moment which is going to lead us to the beginning. In my opinion, of the squeeze just based on a technical breakout.

Why is that 1450 level? Important is because this is a top, a double top setup that we have seen back here. What would have been uh about mid-march, where we saw two times that amc tried to break 14 50 cents and it failed to do so. So if we get that clean break over this, if you look at this on the daily candles, this becomes much more apparent with this disgusting stupid, wide fat, ridiculous, big george, w set up and a cup and handle set up. So we get this clean break over 1450 guys.

It is gon na be lights on game day. Freaking final quarter we're going into overtime. It is time to watch this thing: go to freaking, stupid chicken church. So that's what i'm watching for is that 1450 level, and that is the reasoning why so with that being said, if you watched my live stream today, you know what i ended up doubling down on my position.

I have all of the liquidity that i had available that i put into my my brokerage firm here with weeble into the stock i picked up. It comes out to now about 50 216 total shares with about ten thousand dollars of call options that comes out to about 77, just a hair less than ten thousand seventy seven thousand six hundred seventy seven dollars total that i have all in on amc. So if you want to watch me double down, i did it during that live stream. You get to see it now right.

My position is as is, and i will add to it as i continue to run into more money if this does not squeeze before that. Obviously happens so with that being said, what are we looking at right now, this bull flag setup? We talked about why 1450 is significant. You saw a hint a taste at what could potentially happen. If we end up getting that clean break over 1450.

and to me, what we've got cooking right now is this bull flag is still being respected. You've got one two three different times that is respect to this ascending level of support and now they're just bounced off of this three times. Ultimately, what i'm expecting is a retest of 14.50, it's gon na give one way or the other, and it's gon na be explosive if we end up getting a clean break over 14.50. I expect the same day and this could happen in the after hours or the pre-market, which i anticipate is where you're gon na see the majority.

The bulk of the big moves that come out of amc stock. I think you're gon na see it happen. It could happen after hours of pre-market in 1450, like we saw right here and if it holds and sustains that for a full day right, it continues to either consolidate or have a trend. Continuation, not a dump, like you saw here right trend continuation over 14.50.

I expect to see a pretty major drastic move. We are continuing to respect this bull flag. We've got a one, two three four, five triple top setup at 14 30, a double top set up at 14.50. We just need to get that freaking clean break based on the overall trend of this bull flag and how it is beginning to form up.

What do i expect is going to happen right. There's a couple ways this can play out. You can see it either a break it in the after hours b, break it in the pre market or c you're. Gon na see a divergence point on this ascending level of support and this level of reasons at 1450, and i think tomorrow, whether it's for the green or whether it's for the red is going to be an explosive day.

Based on the previous trend. Based on the fact that we've been green for eight straight days in a row, i'm more inclined to believe that it's gon na be for the upside, but you need to be prepared for both case scenarios right. So i actually ended up picking up some call options for june 18th for the 15 strike and the 25 strike. I believe that there's a good chance of both of these coming in the money they're making some good cash.

Those 25 strikes are risky. Just keep that in the back of your mind, but nonetheless i am bullish enough to believe that it is going to make that move sometime in the next week or so. Furthermore, i think it's going to happen tomorrow. That's my personal belief right.

So with that being said, i think you're likely going to see a bounce off this ascending level support and a re-test of 14.50, either in the after hours, the pre-market or the regular market hours tomorrow. If it gets that break you're. Looking at 17, 18, 20, 21 intraday same day, in my personal opinion, just based on how bullish this is and how pivotal of a moment that overall level is going to be, we still have the 15 mma hooking away from that 200 damage. It's actually looking at.

Just a little bit here today, because we did see that selloff and consolidation from the pre-market leading into lake market hours, but the name of the game today was consolidation right, rips, consolidate rip consolidate, rip consolidate, setting higher lows, higher lows, higher lows, higher lows, higher lows Continuously, that is as bullish as a stock can possibly get that stain stepping effect right. Those ribs fall by consolidation. Setting new floors establishes levels of support stared by stair by stair by stair, so that we can continue to reach those new higher highs and ultimately bring us to the trigger of the short squeeze right. So that's kind of what you're looking at here as of right now, the volume of the day was absolutely beautiful.

We love seeing the trend continuation. In fact, we ended up seeing more overall volume we saw yesterday, albeit we were barely green today. It was still another green day. Eight straight green days on amc stock is absolutely beautiful.

The volume is sticking around and i'm telling you this breaks over 1450 and you're gon na see volume like you have not seen in a very freaking long time. I'm talking. 300. 400, 500 million total shares trading on single days.

I'm expecting that fully with no conservation. I, i absolutely believe we're gon na see stupid volatility, stupid liquidity, new money, new retail investors, that pump into this. If and when we get a break over fourteen dollars and fifty cents with that being said, what happens if we don't break fourteen fifty, i wan na prepare you for the worst case and the best case scenario. The worst case scenario is this right, the best case.

Obviously we get a break over 1450 as far as it's ripped worst case to me, is we end up getting a retracement? I don't think it's going to be as bad now that we have a new overall high, but you get a retracement somewhere between this 50 to 61.8 percent retracement on the stock. Now, why do i think this just based on previous trends? This is about the overall strength that you see out of amc stock when it ends up making retracements and pullbacks on the chart. I previously said that i think it's going to pull back to about 1170 to 1270 or so about that dollar range, but i now believe just based on that new overall high of 1580, that you can see it between 12, 20 and 12.89. If it does end up pulling back off of this new high 15 80 cents, it does not come and follow through with this bull flag setup.

Don't be scared right if it ends up pulling back to that 12. 20 to 1289 range. That's just gon na be establishing that floor and slowly stepping its way up consolidating for a while likely between this. This you know pullback zone if it pulls back to that pullback zone right.

That's just gon na get us ready for that next re-test of 14.50. I am 90 confident that you are way more likely to see that retest of 1450 and a clean break over it, but that is ultimately what we're waiting on right. We need that clean break over 1450 and the reason why we didn't have that sustainability uh today is because it happened in the pre-market and after hours right after hours pre-market. This is a little bit different because there's not as much volume and not as much liquidity.

Getting pumped into the stock during those periods of time, but nonetheless that's what i'm hoping for my friends. I really really want to see that sustained effort and momentum over 14.50, leading into tomorrow that, honestly to me, is going to be the pivotal day. Tomorrow is going to be a massive massive, massive massive day, based purely on the technicals, based purely on the fact that you've got this bull flag, set up a city level of support that is going to be diverging with this overall level resistance at about 14.50, and I'm telling you we get this break, we get this freaking break over 14.50 and it holds it. You better be ready for the most stupid ridiculous, lemon pepper, tendy that you've ever tasted in your entire life and that's what i've got for the video today.

So blah blah blah, i know the whole show drop a like consider, subscribing the whole nine yards, that's what i've got for you guys. So, thanks for watching my friends, my family, my fellow gorilla gang catch you on the next one, much love and peace.