All right, all right, whoever made this you got ta be pretty good as per usual. With these amc videos guys, we got ta start off with a pretty solid meme. Here the pictures you can hear: starter pack, ea sports, the spongebob theme, song, trace trades and thx man - that's so spot on. I absolutely love it absolutely love it.

What is up everybody welcome to trace trades. We have technical analysis and different stocks in the stock market. As well as potential buy, hold or sell opinions on these, given stocks, like your profits by saying that i'm not a financial advisor nor expert so take what i say with a grain of salt, let's get into the video today, my friends we're gon na be looking At ticker symbol, amc up here in the top left of your screen, we're gon na maximize this here for you, i do have a position in the stock, most obviously uh. I had a lot of people say trey, since you put out that apology.

Video. Does that mean that you're done with amc, and the answer is no? I put out that apology, video to cover some misinformation that i had spread. That's not me throwing in the towel right. I still plan 100 on live streaming.

I still plan 100 i'll. Give you guys the most recent news coverage and the most energy that i possibly can regarding amc and guys. We've got nothing but good things to say so far here today, with amc, so we're gon na look at the uh, the most recent news right. What drove the price action here today uh some different numbers in regards to short interest uh.

You know we can look at the institutional buyers as well. Although i don't do not think that those numbers have changed, then i'm gon na show you guys some etf stuff. As well that i find very interesting that some hedge funds could be using in order to kind of hide the amount of shorting that they're doing and then we're gon na look at the overall chart setup, which is nasty. Oh i'm so excited to talk about this.

Here today, we've got quite a bit to cover let's get into the video. So what i want to start off here with is what caused this crazy, crazy spike, because if we look at the chart setup right, we can see that there was a part of the day where the volume went insane. It went ham. In fact, if we look at the overall volume today, it was solid, we saw an overall spike of a huge push.

150 million total shares traded imc, which, when you compare to the previous day of 39 million, is about three and a half times as much. So that's a very, very large increase and honestly two green candles in a row here, which is the first time that we've seen that in literally like three weeks, which is very very solid. So i want to point that out, first and foremost, two green days in a row, you cannot complain about that here with amc everybody out. There tells me this is a dead cat man.

This is for you. This is for you. This is not a dead cat, not a dead cat, not a dead cat, take a shot 10 more times dead cat dead cat dead cat dead cat you're wrong. Oh man, i'm just playing i'm just playing, but i'm happy dude, i'm happy so happy because no no losses are realized until they are sold.

I've been saying that forever amc, cinemark jump as nyc says, cinemas can reopen. In march stocks, at movie, theater chains like amc and cinemark jumped monday after governor andrew cuomo said cinemas in new york city can reopen at limited capacity next month. This was posted today february 22nd, at 5, 25 pm eastern standard time cheers. Bmc entertainment rose sharply monday.

After new york, governor andrew cuomo said movie, theaters in new york city can be open at 25 capacity starting early next month and taking it take into consideration too right. That is only a 25 capacity and it jumped that much so. That's that's very solid shares of leadwood kansas company search 14.9 to 655 at the end of trading on monday and we're up an additional 9.5 percent after hours. So this is what drove a lot of the price action here today.

My friends, people are excited. I've been telling you this i've been telling you this the intrinsic value. The fundamental value of this company to me is higher than five dollars right. So with that being said right, the worst case scenario: here you don't see a squeeze happening.

You don't see an amazon buyout happen right. I don't believe we're gon na be holding amc. You know with no gains. I think the upside here 100 exists and you can see that other people do think the same exact thing short interest for today.

I just want to show you guys this i'm going to reload this here, real quick, just to make sure there's no relative information that has changed. This is as of february 19th. We have seen, according to fintel 7.08 million total short shares, uh sold, which is 18 of the total market volume of 40.03 million. Now something i do want to point out here is, although the 99.2, you know, current holdable shares number was wrong.

I was wrong about that right. That does not mean that the current you know held shares out of the float is high right. I don't believe that is the case whatsoever, and i say this because there have been a lot of people that have been saying trey. I can't get my orders filled.

Why is that? Why can't i get my orders filled, and this will typically happen because you don't have clearinghouses with enough shares available to give to people to buy so keep that in the back of your mind when you're making these purchases today so far, we have 1.2 million total Short shares available as of 5 hours ago right and there was actually a part of the day where it was much lower than that. So i do think some shorts ended up coming their positions at least a little bit when i was live streaming earlier this morning. We had 450 000 total short shares available and when my hotel hotel internet crashed uh, we were sitting at 10 000 total short shares available when i was talking with some people over the discord, so absolutely insane numbers, my friends that is beautiful. It says exactly what we've been thinking guys, my friends, my family gorilla gang.

We are in this game. This is not a cat right. These numbers are numbers, they mean what they mean right. So i there's no misinterpreting this.

There's no misinterpreting short shares, availability being 450. 000 or 10 000 earlier in the day, that means the utilization rate is high, which brings us into this right. We're looking toward text or text is not updated here yet, but as of this morning, it has been 89.19 utilization. What does utilization mean utilization? Is the ratio between the number of shares on loan across all outstanding loans in the wholesale market? The number of shares available for lending at lending programs? Zero percent means that no shares have been borrowed or lend to these lending programs.

100 means that all shares available to borrow or lend a lending program have in fact been lent, which means that only about 11 of current total lendable shares are available. To borrow, that means a lot of shirts are currently holding their positions right and shorts. Don't necessarily have to cover by any given day. It only means that they have to the longer they hold pay more interest, and this is what the interest rate looks like as of now three point: zero, seven percent annually.

That is not a crude daily. Don't let people tell you that that's a bunch of crap uh three point: zero, seven percent annually insurance will continue to hold these positions if they've got true conviction and the fact that they're gon na win uh. You know it went out on that. Uh on that bet essentially uh, because the interest rate is not that incredibly high decent coverage is currently sitting at 0.66, which is up from seven days ago by 4.39 percent.

This does not necessarily mean that shorts have to cover uh ends .66 days. I have seen that floating around as well. That does mean, however, that the the current situation for shorts right, the lower that number the easier it is for them to come out profitable, the higher the number the more difficult it is for them to come out profitable. So the higher the number starts to drive up.

You know the more. I would say this isn't bullish territory, so the days of cover essentially, is just the short interest divided by the three month daily volume and something i want to point out to you guys that could actually be skewing this here. A little bit check this out check out the daily volume. Do you see anything unusual right? This is taking into consideration three months.

Well, the last month of trading volume has been insanely unusual, which means that days to cover number is probably not as relevant as you think. It is right, in fact, i'd be very interested to see and maybe in a future video i will calculate out what the what the data cover would look like if it was on a one month. You know usual trading volume basis, instead of three months, because the previous two months before that are not the same whatsoever, we're seeing typically way way way way more shares being traded than we were previously. So that looks absolutely beautiful in terms of that situation.

So i i still feel like we are 100 in this fight. My friends i this is not a dead cat to me. There's so many good things happening here. I want to show you guys the amc, uh institutional ownership as well, just to make sure there has not been any recent buyers that have stepped into this, but as of late, you know what we have been seeing is that there were some companies that invested in Both amc and amazon, which leads us to believe that there may be a possible amazon acquisition of the company.

There was five companies in total that ended up purchasing both of uh both of these companies right. You know, amc and amazon on about the same time period. So there were five companies that bought in on amc and amazon on the february on february 12th and february 13th. So i don't know if they're gon na show up here on uh on fintel.

What we can see here is dimensional fun, advisors, uh sold some shares on the 16th. But if i pull up my twitter here, i'm going to show you what marketbeat has available to us. So i'm going to come over here to my profile and show you this here really quick, so check this out. If we scroll down a little ways - and we show you the amc and amazon institutional buyers, there are quite a few companies that stepped in at pretty much the exact same time so check this out.

Amazon had the manufacturer's life insurance, company and nomura american public and stifle all that bought it on february, 12th and 13th, not necessarily meaning they bought it on that date, but it filed on that day right. So, on a similar time period, the 12th and 13th you had all five of those companies purchase, amc shares, which is very, very significant. If we look at the amc institutional ownership as of right now, it is saying that 20.43 of the current uh, you know outstanding shares. The shares outstanding are being held by institutional buyers, which overall just decreases the amount of available shares of the retail investors.

Like you and me right, so keep that in the back of your mind when you're referring to these uh, the total float, the total available shares to trade right. The more institutions that hold shares, the less there is available to the general public, the less available, the general public, the less supply which will increase the demand, so that's very, very crucial information to keep. In the back of your mind, my friends, one other thing that i want to show you that i find very interesting. Is this not the meme, not the meme this, so this is uh some different etfs that have positions in amc and it's the short interest information regarding that coming straight from or text now i don't put together this information.

This was done for me by you, know a member of the discord, but it is very good information that i do think you guys are going to want to see so check this out: iwm, iwn, fnda, vb and vbr. This is the current short interest from january 29th to february 9th on all of these different index funds. These etfs we've got 94.13 million on iwm, 4.88 million, 438, 1.04 million and 190. So the most significant to me are these iwm uh iwn in the vb right.

So the change percentage there's a huge, huge, huge change percentage in fnda of 852, which is huge right, very, very big number. The utilization of iwn iwm cracks me uh as very interesting as well as iwn 51 is pretty high, and so is 90. 90 is actually higher than amc itself right. So keep that in the back of your mind, my friends, that is some significant information, and that is up 11 right from the previous data, so, ah that that really strikes me interesting.

Why would this happen? Why would you see these etf funds? Uh, you know, have increased short interest well if they have a position in amc or gamestop right uh. What hedge funds can essentially do is short these etfs and trick people into thinking that the short interest is going down when reality is just being refocused, so take into consideration my friends that the utilization, the short interest right, is being spread a lot wider than we Even think it is so if all you did, if all you did was look at uh ortex right and you saw 89 utilization rate, you'd probably be thinking right, trey, that's a pretty solid utilization rate but then hold on it gets better. It gets even better. The utilization rate spreads out with these etfs that hold positions at amc, so very, very significant information, my friends, this is not a dead cat.

We had a solid green day here today we had some great news, catalyst and the three scenarios that i see this playing out is: i will stay and buy them right. Number one is a short squeeze. This is not going to happen until we get more volume. Stepping into this today was a good start.

We got back into those numbers. I've been saying that i think we need to see around 400 to 500 million total shares being traded on this in order to get back into that short squeeze situation, but we are stepping back in the right direction. Scenario. Two is an amazon amc acquisition.

I do also find this to be likely right. That's not guaranteed. Nobody can tell you an exact date. These companies actually can't even discuss the details of that acquisition if it is to come to fruition right so keep that in the back of your mind as well situation.

Three is this: is a recovery play right? So come the end of quarantine? Come the end of coven when movie theaters are back at 100 capacity, revenues start going back up right. That is going to be an instance in which you see amc start to go back to the moon on a spacex baby. Elon musk needs to name one of his rockets uh. You know uh amc gang or something like that, my friends, because i i feel so comfortable in the fact that uh, the amc is gon na, do something pretty freaking solid here.

One last thing that i do want to touch on is uh the the situation in terms of amc's debt right. So i'm just going to pull this up here, really quick amc, debt, uh situation. Let me just check this out. Amc theaters is likely to face bankruptcy.

Earlier in uh in the year they were looking pretty rough, they were looking like, they might uh, they might face bankruptcy. However, that is not the situation anymore. So, let's just read this article real, quick amc. The well-known theater chain was on the ropes as a result of the pandemic.

However, the company was able to sell a stock raising more than 300 million as shares were driven higher by investors on the wall street bets subreddit using the amc, uh save amc hashtag. Any talk of an imminent bankruptcy for amc is completely off the table. Said ceo, adam aaron. Oh our lord and savior.

Papa, hey baby on this clip from uh motley fool, live recording on january 29th, the rap host jason hall in fool.com contributors, danny vena, yada yada. So the wall street bets saved uh amc so very interesting stuff, my friends. They ended up raising after taxes and fees about 700 million dollars, not keeping them out of debt right, so they're, not completely out of debt, but bankruptcy according to the ceo is off the table. He said this right here right, ceo, adam aaron, says any talk of an imminent bankruptcy for amc is completely off the table.

Take that for what it is. It is just his word of mouth. He could be right, it could be wrong, but nonetheless we do know that, for the time being, amc has enough cash right to continue operations until they can reopen the company. I read this information somewhere and it was basically saying that every month they were losing about 100 million dollars and that bankruptcy seemed imminent, in fact his advisors, his financial advisors uh, because he's actually got a team, unlike me, but his financial advisors basically said dude.

You need to bankrupt the company, you need to file bankruptcy, because this is over right and thank god that our boy didn't, because i i truly truly believe that amc has got a lot of different scenarios here in which they come out on top. And i i honestly don't find a lot of risk here. I don't find as much risk as people think there is keep this keep this in the back your mind, if you're roth ira guy, i guess you have a 10 return annually, he is crushing it. That's an insane insane return, but if you're gon na hold this and you buy in your average cost is seven dollars, eight dollars even ten dollars right you by the opposite, dollar cost average down and it goes to 20 and you can get a 100 return on This investment you're beating your roth ira guy on a yearly basis.

Ten to one right, that's insane! You can do that in potentially three four five months, so i will take those opportunities every single day of the week. I think there's a lot of solid potential here with amc. That is what happened in terms of recent news, so looking at the chart set up here, one thing that does strike me as awesome is that we have finally broken out of this consolidation phase. Oh, my god, it's been such a long time coming.

My friends i'll, tell you what making videos for a while is tough, because i want to talk about amc, but amc is just not doing anything. So it's! Finally, out of that consolidation phase, we are finally starting to move. We have this, this crazy consolidation period of one two, three, four, five, six, seven, eight nine, almost ten days, nine days straight and we finally broke this up this triple top scenario. Right here right, we broke out of that with some nice volume popping in here we got that wide range candle bar.

You know closing above that descending level of resistance ever so slightly descending level of resistance. You've got the 15 ma, starting to hook in towards the 200 dma, which is typically a sign of a bullish run. Once you see that 15 ma cross over the 288, my friends that is gon na be assigned to me. This is getting ready to move, and that looks beautiful.

So what we're looking for is a continuation of volume. I want to get you guys, realistic expectations right. Today's volume was influenced by the news catalyst and, in order for us to move again, we're going to need investors to step into this right with the intention of how should i word this with the intention of holding this as an investment right with the intention of Not just scalping it without just trading it right. The situation stays the exact same to me.

You need to you, need the volume to continue to run. You need people to continue to hold. That is a scenario for a squeeze here. If you don't want that to happen right, that's not a situation that is going to pan out the amc, amazon acquisition.

That's that's a different scenario here right that necessarily doesn't need the same volume that just needs the the big players to continue to do. What they're doing, if you want to hold this, you know for neither of those right. You want to hold this regardless, just because you think it's going to be a great quarantine recovery play then that doesn't matter either. The price is psychological, because if you have true conviction in the cause right and the fundamentals of that cost stay the exact same, then the price is psychological, and eventually it's going to reach where you want to go as long as the fundamental value does not change.

But we finally broken out of that downward channel the 15 mm starting to gap up here towards the 200 ema on the rsi we hit frickin 85 back into the bullish territory, had some great green candles here for the first time in a hot minute, man and Most most awesome, the thing that i'm so excited to talk about is this nasty nasty george dabia, this george w baby double bottom, if you're under the channel, what a george w is or a double bottom is essentially an indicator of an upcoming bullish run. It indicates that sellers try to push the price down twice and buyers step back in to push the price back up. So you can see that right here. It forms this w formation w for one ball baby, that is a sign of upcoming bullish territory.

If i had to take a stab at this, my friends, i would think that it's to continue to run, i do have a position on the stock, as i had mentioned, to be completely transparent. I currently have, i believe, 650 shares in this account, and i just deposited a thousand dollars today. I'm gon na be putting probably seven or eight hundred dollars of that into amc here, so that is going to come out to like to take a stab, probably about 600 total shares, and then my other broker just kind of have 150 so sitting at right around Uh, what would be 600 shares currently we'll be sitting at around 850 once i purchase more amc here, but nonetheless this is a solid, solid scenario. My friends, we are finally back on the rise volume's starting to finally come back up here.

We had some great great buying pressure today. Those are beautiful, green candles. I've got absolutely nothing but good things to say about amc. If you're looking for an opportunity to add to your position right, what are you looking at? What are you looking at? Well, i think you're going to see this act as a level of support these.

These uh support lines right here. These previous touch points, you're, probably gon na see this act as a level of support. It's probably to test this right, so don't be scared if it retraces at six dollars and fifty cents. That's not the end of the world right.

If it does do that, there's an opportunity for you to add your position. If you truly believe in the stock, i don't think that the risk is the same here as it used to be right since there's not as much volume coming into this as there was before the volatility is not as crazy. This is actually predictable on a technical analysis perspective at this point right, so we can kind of get an idea and you know a feel for where stock is gon na move, and this is looking bullish. My friends, the chart set up here is absolutely nasty and six dollars and fifty cents looks beautiful.

Well if it doesn't come back down to that right, where's, the next level it's gon na be somewhere right around here. It's gon na be about 6.72 cents, doesn't quite get those touch points, but if you meet in the middle of these touch points right that does line up with some previous touch points right here at 6.72 cents. Both of these should act as solid levels of support, and that is going to look here pretty solid for amc. So my friends, that is what i have for the video today.

If you enjoyed it, please drop a like if it does help support the channel. Consider subscribing if you'd like, to see more content like this. Lastly, i have an affiliate link in the description box down below for weeble. This is version four for the desktop great platform that allows you to start training at 4am in the pre market.

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I am so pumped that we finally had some great news to talk about here in terms of amc, so i'll catch you guys on the i'll catch you guys all in the next one. Thank you for watching my friends and i'll see y'all next time. Peace.