I always got to start off with a funny me, my friends, i always got to do it. You got to do it with these times. With these times with amc, we need a little bit of humor. We need a smile on our faces.

There's nothing that gets me going more than elon musk hold on hold up amc. Ah, all right, all right all right into the video we go. What is up? Everybody welcome to trades trades. We give technical analysis and different stocks in the stock market as well as potential buy holders sell opinions on these.

Given stocks, i like to purchase by saying that i'm not a financial, advisor and or expert so take what i said: the grain of salt. Let's get into the video today we're gon na be giving you guys the daily update on ticker symbol, amc, we're looking at the overall charts here. Give you an idea of what we saw here on the date right, give you some uh some ideas of what we may be able to predict right, taking take into consideration that this stock does have a little bit of an asterisk spy. But i do have some good news that i'm going to pass along to you so we'll look at the charts right.

I've got a couple. Different indicators pulled up the the rsi which is relevant strength index, anything over 70's overbought. Anything under 30 is oversold. This is an idea of bullish and bearish momentum.

Right then, the 15 m8 and the 200 ema the 20 minutes is purple trend line is the exponential moving average. This is a price action based evaluation trend line over 200 day moving period, which gives us a macroscopic perspective of price action. Then we have the 15 day ma, which is the moving average, and this is a price action based valuation trend line over 15 day moving period, which gives us a microscopic perspective of price action. We're using side by side to predict when we have upcoming, breakouts or pullbacks in a stock right, so that we can make our best possible investment decisions.

So we're going to look at this on the chart right, there's not much to talk about here. So i want to focus primarily on some recent news articles that have come out some different uh sources that i think are interesting to talk about right. I always want to keep it transparent with you. I never want to bs you guys.

I want to give this situation exactly how it is so we're going to do the best that we can here today with that, let's get into the video first thing i want to start off with is an article that i want to kind of put down a Little bit here, because i don't think this is - this is uh correct information, so this was posted. I'm gon na update this really quick um. It would have been one hour ago. This was by the wsb cfo.

This may or may not be correct, but i'm gon na show you my information on ortex and you can make the decision for yourself, but when there is incorrect information that is available right on amc, i do kind of want to straighten that out. Just because you know i don't want people to get their hopes up or to believe something that might not be true, so this was posted today. It says only 464 494 shares left for the suits to short. If you are selling now, you are adding to this number significant decrease in charitable shares.

Let's buy it before they can shore we're almost at the end of the tunnel. This is something that i don't like seeing i i don't want to get you guys hopes up. We're almost at the end of the tunnel. This might take some time, my friends, this might take some time to truly truly play out.

I do think there's still potential here right. I don't think this is a dead cat, i'm gon na say it ten times dead cat dead cat, dead cat, dead cat, dead cat dead cat dead cat, because there are people that have said i'll take shot. Every time you say dead, cat, you're gon na you're gon na you'll be on the floor, my friend, but anyways um. I don't think this is the correct number i'm going to show you or text here in just a minute but um.

This might take some time. I don't want you guys to get your hopes up. I do want to show you the overall numbers we will get into that next, so we're going to come over here to ortex and start off here and what i have available right. So if we look at this, this update of 464 000 total uh total shortable shares right, we're actually going to show this on fintel.

This is where the numbers are, but take this with a grain of salt right. This may or may not be correct. I don't think that number is correct, but if we do come here and take a peek, this was updated 51 minutes ago, which would be more recent than one hour ago right. So, according to fintel, there are 4.7 million total short shares available.

There could be a discrepancy right. Maybe that number is right. Maybe this one is right, but what i want to show you guys is: there is a large difference in these numbers and relying on one specific number to say hey. This could be the end of the end of the game right, it's just not quite there, the volume's, not there right.

The volatility is not going to be there. We need the numbers to start pushing up again. We need people to get back into the stock for it to actually see a squeeze. At this point, we don't have that volume right if this number is correct right, even if even if this is number, if even if this number is correct - 464.

000 right at the end of the day, we still need the volume for this to squeeze. So i i think this game is going to take a while to play out my friends if you have better things to do. I've said this a million times. If you need to sell right, take care of yourself feed your family, keep the roof over your head, pay your bills right! That is way more important than sticking into the hedge funds, but i think this is gon na take some time and that's what i want to point out.

First and foremost, so if we look at the overall short volume here on the day, we will update this. Just to see if we have february 11th - and we do - we can see that as of february 11th, according to fintel, we had 11.6 million total short volume, which was 22 of the total market volume of 52 million. In comparison to the previous days, it was actually higher right. This was higher uh, not in total number, but in comparison to the overall market volume.

We didn't see a lot of market volume here today on amc. Now i want to check the daily chart just to validate the fact that we only saw 52 million in volume. We saw 55 million volumes so a little bit of a discrepancy, not a huge one. Right, we did end the day a little bit red, but for the most part this is the doji candle on the daily chart which to me, is not a bad.

That's not bad. That's not bad, but it'd be 22 percent short volume, and we held up that. Well, i think that is a win in my book. I'm coming i'm extremely happy with that.

That's not bad in the least bit. So that's what we're looking at here on the short volume on fintel. If we look over here at ortex, i will refresh this just to make sure we have the most up-to-date information utilization dropped, just the hair, but it's still extremely high. Eighty eight point: three seven percent utilization means that eighty eight point three percent uh.

Eighty eight point: three: seven percent of the total lendable shares for shorting are currently out, which means that only about eleven and twelve percent utilizable lendable shares to be shorted are available right. So that's a very high utilization that indicates to me that either a a lot of shorts are holding a position in the company or b they're selling back and forth to each other. So the number is not decreasing. I think a and b could be a mix of both right, but that is an important number.

This is very, very significant. 88.37 percent is high. It is about point four one percent higher than we saw in the past seven days right seven days ago. Uh the cost to borrow is nothing crazy.

Four point: seven nine percent. This is actually, i think, down uh from what we have seen here in the past days to cover down just a hair as of uh, what would have been february 9th? We had .7 as the days to cover, but this is starting to very slowly. Increase a higher days to cover means it is harder for shorts to cover their positions. Right 0.7 is pretty significantly low.

We want this to get back into the one. The two, the three range - that's gon na - be pretty significant. If we have it up here at seven, that's a big freaking deal that is hard for them to cover their positions, and that is when we know we're gon na be back in this bullish territory. You're gon na see volume start to step back in at that point, but this is gon na be a little bit of a waiting game.

So i wanted to really clear the air on that uh. That number that we did see here. This may be correct. I could be completely wrong, but i don't think that that is accurate.

I don't uh, and this is why, if we look over here at ortex right 88.37 utilization, currently i don't think that lines up. I don't i don't. I just don't think that lines up. 464.

000, take that for what it is it could be. It could be true, it could be false, but i always want to hear on the side of caution and say that it is not true one thing i do want to point out to you. This was updated, as of today we have four new positions in the company. This is coming from what i would assume is market beat based on the layout, and we have four new positions established.

We've got northern trust corporation, which now has a one million share stake in the company uh sodium capital, which has 53 000 dynamic technology, which has 139 000 and opal wealth, which has 18 000 uh shares, total that one million is a pretty big deal to me. I think that's pretty significant and the fact that it was updated here today on february 11th uh when the price was at about five dollars and fifty cents right. That's me indicates that the big institutions are starting to look into this a little more if you've been tracking this the series for a while, i said you guys need to watch because they're gon na be hedge funds and institutions that are gon na get into this Game they're gon na get into this game and they're starting to do that. It's very very slowly.

Starting to happen, i'm gon na be really interested to see how this ends up playing out what hedge funds get into this. What hedge funds stay out, which go long, which goes short you're gon na, have both you're gon na, have both happen and to see the institutions go along on this. That says something to me that says something to me. I feel pretty good about that.

Overall, another thing that i have pulled up for you: it's two different uh sources here i want to talk about the predictability forecast and take this for what it is right. This is just a forecast based on calculations in a computer. This is in no way shape or form me giving you a price target on the stock, but this is a computer, giving you an idea of what could be expected, so this website is called pretiming.com. If you want to check this out for yourself, i will update this just to make sure that all the information is relevant right and what we have right here is a forecast of the next coming days.

So this is february 11th right here. This would be. These are, these are one day candles right, so that'd be you know about 10 days ago, so this would be the 12th 13th. 14Th.

15. 16. 17. 18.

19. 20. 21. What is interesting to me is all these candles are red right, which means we open.

High closed low and they're still going up, but that indicates to you the overall short interest right. The computer is taking into consideration the fact that this this stock is very heavily shorted, which is typical. When you see when you see a stock go up right, but the candle is red that indicates to you that it's usually being shorted, because people don't buy into a stock just for it to go down immediately right. That's shorting happening before your eyes.

So that's my take, but this is clearly moving in an upward direction right, the next uh. What would be one? Two, three, four, five, six, seven, eight nine ten days. So that's a pretty nice forecast. I don't know if that'll end up coming out.

You can look down here at uh what it says entering downward right, uh february, 7th uh february 17th. That would be the 16th, the 12th, the 12th it says rebounding it thinks it'll rebound a little bit the 16th. I think it'll rebound a little bit and then entering downward would be right here entering downward right here. Returning uh rebounding right here right.

You can see the trend here. So that's very interesting, i'm interested to see how that ends up playing out right uh. This is just computers, taking statistics putting them all together to see based on the numbers that are currently available. What could be possible, and the peak here would be at around 18 bucks if this does come to fruition, will that come to fruition? You know it's very hard to say i'm not going to validate that.

I just want to present this as information. If you would like to check this out, you can do so at pre-timing.com. That is very readily available for you, another one that i find interesting. I've seen this all over the place.

This is coming from fidelity. This is a fidelity probability calculator, and this is a long time. If you want to see that happen. It says 42.31 probability above right, so it thinks that it thinks that there's a 42 chance that we see 500 by august um.

I don't know if that's that's possible. I think that's a little bit of a stretch. I i think that's pretty much. A very high stretch actually but um, if you think in perspective, to gamestop right how long gamestop took to play out before it hit 500 bucks check this out.

It took a long freaking time. We look at this on a six-month chart. This was a process. Four bucks: seven bucks, ten dollars: 13, 16, 20 right 500 that took six months now.

We look here at the fidelity chart right. It's not saying it's gon na follow this exact trajectory. It's saying within these price zones. There is this much probability of this happening right and it thinks that there's a 42.31 probability of hitting five dollars by august take that for what it is, that's kind of interesting.

I i don't think, that's very realistic. I do want to put this out there as information available to you, but the the computers are saying that there's probability of this stock continuing on an upward trend right of a bounce - and i do think - that's possible, like, as i mentioned my previous video. I do think that this uh, the selloff, did scare away some investors right. It shook some hands which is understandable right.

There are people that just got into this play for the first time, because you know their buddies said: hey buy into the stock, buy into the stock right. I'm in this be in this movement and then it started going down and they sold it's understandable. It's a it's a momentum right, it's a snowballing effect when a stock sells off, uh traders sell off when a stock is going up. Traders buy in traders are the only people on the planet that buy something when it's overvalued, sell, something when it's undervalued right, but we know that that is the the nature of investors and traders.

So with that being said, when the stock continues up, it goes back into this upward momentum right. We come back here to amc. We can see this before our eyes. We can see that happening right.

So, let's check this out on the one month chart on the one month chart you can see every day that starts going up, the volume starts picking up once it starts going down, the volume starts. Dropping it's going to continue that overall effect. That is a pattern that we see in charts. That's a pattern that we can use to predict when charts start to run again right.

That's something i used to predict. Uh predict the breakdown of jag x on the ngo on ctrm, on a lot of different plays. My friends and the same thing applies here right, so when this just starts creeping up when it starts moving just a little bit, you see this 15 minutes starts to cross over the 200 ema, the volume's gon na start picking up, and then some more people are Gon na get into this more people are gon na get into this. More people are gon na get into this right.

This is gon na take some time to play out. If you do wan na see the squeeze happen, and we do know, it is still possible because of the numbers right, this is gon na take some time. I don't want to bs you guys if this is something that's going to take too long for you to play out, then don't get into it right at this point, i have considered this this stock. A long term play the price to me is psychological.

I say this in my previous video but microvision. If i had sold when i was down 35 at a 4 000 loss, i would have ended up. You know holding right now when it's at 19 bucks. You know in my in my fidelity account so take that for what it is right, the price is psychological.

If you have true conviction and the reason you bought into the stock and fundamentally speaking, i think amc in general is worth a lot more than uh than they than they are trading at right now. So amc we're going to just search this amc, 700 million dollars right. This hedge fund made 700 million on gamestop. We're not gon na check that out, so red traders saved amc from 700 million dollars of debt.

This is on yahoo news. Thanks to reddit amc. Entertainment has managed to take 700 million dollars of debt off its balance sheet, as well as raising 506 million dollars of fresh cash in the stock market, the movie theater chain and hot meme stock. A stock of the moment.

Converted 100 million dollars of junior debt into equity on monday, while also raising fresh equity capital. Then, on thursday it announced that 600 million of senior debt had also been converted into equity at a price of 13.51 per share right. So that's a big deal and that's something that i think gamestop made a mistake and that's why i'm more bullish on uh amc than gamestop, because worst case scenario right. If this doesn't end up panning out, it doesn't work right.

The squeeze doesn't happen. Fundamentally speaking, this company has paid off 700 million dollars of debt. They have enough cash on hand to continue operations, at least until quarantine and covet ends right and then there's the whole. You know rumor about the amazon, buyer, the netflix buyout.

Those acquisition deals right and if that happens, i'm not even going to talk about that because i think that's down the road quite a ways and if i hear more, i will bring that up. But if that happens, guys you're gon na make off like freaking banshees, with this play, you're gon na make so much freaking money, because there's a lot of money involved with amazon and netflix right. Both those companies are big, big, big time companies and if they put money into this, it's gon na be because they see prospect. They see potential for growth right, even just in the midterm.

The nostalgia of going to a movie buying your stupid, overpriced, popcorn and that huge big gulp of mountain dew or rookie, or whatever you get sitting down watching a movie. The experience is what people pay for right. I know that i miss going to the movies. I know my friends miss going to the movies and i'll tell you what, when the day comes, that you're you're sitting in your house and your friend says: hey man, we should go to the movies at that point if this hasn't closed right, you're.

Looking at an opportunity to sell this because i'm almost willing to guarantee at that point, you'll be up from where you bought into unless you bought the very tippy top here at 25.80. I'm sure somebody out there exists if you do. Let us know in the comment section down below uh, we'll we'll leave you some some some gorillas for the gorilla gang out there, but that is what the situation's looking like right now. I want to provide you guys the most recent information with amc, i'm still holding my position in this stock.

I am down uh currently 35. I have 414 total shares. I did buy more shares here today: 2300 total market value uh being down that much and then my average price being eight dollars and seventy eight cents. I'm gon na take every opportunity that i can add to this position because i see some long term potential in them.

I also have a position here on weeble incense and whammy uh they're, both down a little bit here today. They did, i just established. I did just establish these positions, but i'm going to be adding descends as well as whammy. I see these both as great long-term plays and uh.

We can cover those in different videos, but i do also have a 150 share stake in my fidelity account, so in total i have just under 600 shares of amc, and i will be continuing to add to that as i can. So that is how amc is looking uh with recent news. As far as you know, the charts go. I do think we found a bottom here - and i haven't mentioned this in my videos so check this out.

We've got the big fat double bottom. The george w. This is absolutely disgusting that looks beautiful, and what makes this even better is. This is on an ascending channel so check this out.

We're gon na delete this real, quick uh. We're actually gon na delete all and we're gon na show you. This is moving right. We always look for these three touch points to validate an ascending channel and we do in fact get that right.

We've got one two three four five six different touch points here, so this has begun a little bit of upward momentum right. That is what we're looking for in this stock is a little bit of upward momentum. These charts look ugly. It looks like it's not moving, because these candle wicks right these candles make it tough to zoom in on that, which is why i pulled it all the way to the left.

So you can see this actually had some decent price action here today. Even considering it didn't have that much volume in comparison to how much it usually has in the after hours, this stock is actually up a pretty decent amount, but check this out. It's up one point: seven, eight percent, the after hours, which isn't a lot. I mean it's something though it's something right.

We are beginning to get a little bit of momentum back. I'm telling you at this point if you are not looking at the stock as a long-term investment you're. Looking at a short-term, you know squeeze on this. That is not realistic.

It's not! I want to be transparent with you guys at all times. Uh this this play is going to take some time to develop that reddit article right talking about how this this could be. This could squeeze very soon right. The time is almost here, we're almost at the end of the tunnel.

I don't i i i don't think that's true. I think that's a little bit of fake news and i hate to get people's hopes up, but i wan na i wan na be as real as i can with you guys and give you the information you need. Not the information you want, because that is what matters right so as it sits right now, i mean very harsh retracement i've already gone over this here in the past, but it came back all the way down to basically previous levels, which we see right here right. It came a little bit higher, didn't quite do 100 retracement, but pretty much all the way back down was very heavily shorted.

We see the utilization is high right. We know that the fintel numbers have actually been altered and changed right pretty much everywhere. You look you're gon na get a different short volume ratio number a different short interest number, but as it sits right now, we do know the utilization rate is high, so it's still being shorted. There are still shorts that are holding their position in amc and it does look like we might be beginning a little bit of a slow run up.

We did not have ssr in place today. There was nothing that would save our butts right. I think the stock was down overall in the day right, five dollars and sixty one cents. We just take a peek at what they closed at the previous day.

It would have been about five dollars and sixty six cents and we closed today at uh, five dollars and sixty two cents. So we were down just a bit just a little bit, but we're up higher than that here in the after hours, currently trading at what appears to be 5.71 cents. So take that for what it is. Take that for what it is, we got to take the little wins when we can get them right and as it sits right now, we had a little win here with uh, with amc, you're looking to establish or improve your position in the stock.

I do think you're pretty safe buying in right now at 5 and 60 cents. It has been three days now where, where the stock has not dropped below that level - and it has actually formed a little bit of an ascending level of support which to me indicates that this very well could be the bottom. Of course, i cannot guarantee you anything, but what we can say is looking at the charts. We do see that the 15 ma is starting to level out 200.

Em is still dropping, and if we see that 15 i may start to move up, just a hair right start to get a little bit of momentum. At that point, i would be i'd feel very confident saying that that is the bottom. Ah, this is where i continue to add my position. I will continue to add to my position right as much as i possibly can, and that is what i have for the video today, my friends.

So if you enjoyed it, please drop a like if it does help support the channel and consider subscribing if you like, to see more content like this. Lastly, i'm going to fill in the description box down below for weeble, this is version 4 for the desktop uh. Great platform allows you to start trading at 4 a.m in the pre market. If you use my link, you get two free stocks with a 100 deposit i'll receive a free stock, great way to support the channel and, if you're, not into my friends, that is totally fine.

I just appreciate your support by taking the time to watch my videos, so that is what i have for you guys today. Thank you for watching my friends and i'll see you all next time. Peace.