If you can't handle the heat, oh man, much love for that man, much love for that guy! You know who it is. You already know what to do. You already know what to do today, we're going to be giving you an update on ticker symbol, amc and we'll be going live today at 8. 00 a.m.

Cst to talk about this uh with you guys all on the live price action, but i want to give you guys an idea of what you can expect in terms of some price action. Uh some potential exit points, entry points if you are interested in doing so. Uh, i will have a couple different data points that i'd like to show you to give you some clarification from a couple different sources that you guys can make the most educated decisions that you possibly can. So, let's get into the video.

What is up, everybody welcome to choice trades. We get technical analysis on different stocks in the stock market, as well as potential buy, hold or sell opinions on these given stocks. I, like your purpose by saying that i'm not a financial advisor nor expert so take what i say with a grain of salt. The reason i started this channel is because a couple years back, i was about 30 000 deep into medical debt, and i was very fortunate to have some close family friends and mentors that pushed me to work hard and invest my money and i'm happy to say That not only my not financially free, but i'm doing pretty well for myself at the age of 23..

So if i can pass along any of the information resources or tools, they're given to me here to the community, make a couple people better off than they were before. That's all that i can ask for last. If you don't mind, dropping a like on the video really does help support the channel and consider subscribing if you'd like to see more content like this. Now today, we're gon na be giving you everything you need to know about.

Ticker symbol, amc uh! This is one of the stocks that has been targeted by wall street bets and uh. It's expected to have it pretty hefty nasty squeeze and do we know this is going to be the next game. Stop not necessarily right. We can't predict the future, but what we can do is look at the overall price action in the charts and get an idea of what we might expect here in the upcoming days.

And we've got a bunch of different data that i am going to be presenting to you guys so we're going to look over the one month chart as well as the one day. One minute chart keep in mind. The technical analysis is completely trumped by any sort of news media coverage uh wall street bets, whatever they're seeing over there in the reddit threads. It will be trumped by those those catalysts, so just keep that in the back of your mind as you as you are paying attention to the charts here.

But we'll look at this on the one month chart one day, one minute chart i've got a couple. Different indicators pulled up the rsi, which is a relative strength index. Anything over 70 is overbought. Anything under 30.

Oversold two other indicators up here: the ema at a 200 day moving period and the purple and the 15 m a which is the moving average in blue, the 200 ema or the exponential moving average is a price action based valuation trend line over a 200 day. Moving period and then the 15 ma some brokerage accounts call this the sma, the simple moving average or the moving average is just a price action based valuation trend line over a 15 day moving period. So we'll talk about what these all mean, give you both some bullish and bearish indicators on the charts, some patterns that we're looking at level off some levels of support and resistance, significant levels that we're gon na have to watch. For here.

I do have some short interest data pulled up on a couple different websites so that we can look at that and what kind of squeeze we can expect out of the charts here and uh the whole nine yards. So, let's just get right into the video, but first i want to give a quick shout out to the guys over the patreon. I am externally grateful for everybody here they will have access to the private discord as well as real-time insight to my personal training. We are 700 members strong now which is absolutely mind-blowing to me.

I can't believe it. I'm really really grateful for everybody here. If you are interested in joining the patreon, there's a link uh to the description box down below now, i want to show you guys a couple different uh websites that i've got pulled up here. First, i've got fintel and i did sign up for a subscription to ortex uh.

That way, i can give you guys a couple different news sources and give you the most up-to-date information that is readily available at this current moment. Now both fintel and ortex do have slightly differing data, but what i will show you is what both of these have and you can make decisions based on that by yourself. So this was marked on january 29th of 2021. We had a current total short volume of 147 million and a total volume of 600 million which comes out to a short volume ratio of 24, meaning that the overall short volume was about 24 of the total market volume.

So that's how that looks here on fintel. This could cause a pretty decent uh squeeze and this is actually higher overall short volume than we've seen in the previous uh 10 days or so one two, three, four, five, six, seven, eight nine ten. So that is some pretty high insane short volume. I would not be surprised in the least bit to see this really push, but, of course one thing to keep in mind is the overall short volume was 600 million here on this trading day, which is not as high as we've seen in the past.

We did see a 1 billion share trading day on january 27th, so if we see that kind of volume again guys that is going to change the overall picture and what we're looking at with amc. But that is how this currently looks right come over here to ortex now, ortex uh gives us a couple different data points that we can keep in mind here. I want to show you guys the release date for the most recent data was january 27th and the settlement date for this was on the 15th of january and as of the 15th of january, we saw 44.67 million shares shorted and if we come over here to Um fintel again, let's see what we have here and on the 15th of january. This says: 54 million shares shorted.

So we have differing data but quartex uh. I did pay a subscription for this, so we will see uh. You can make your own your own decisions, regardless the overall short volume if we go with fintel, is 147 million, which is significantly higher than we've seen in the past 10 days, and if we look at the data here, 44.67 million shares is also extremely high. Now what i'm actually excited about that this provides me is the days to cover you can see this right here.

Is this little green line, and this was updated as of january 27th january 28th? Actually, you can see that we have 1.10 days to cover. As of january 28th - and i had quite a few people in some of my live streams - comments saying: where are you getting this number for days to cover uh? That seems like a bunch of bs? I did get it from market beat just so that everybody is aware, amc short interest and we pull up market beat. This will give us the overall short interest. Uh that was presented on market beat, and you can see 0.6 days to cover, which is where i get this, but this is ortex.

Ortex is saying 1.10 days to cover uh, so just keep that in the back of your mind, this was updated as of january 28th, so that is pretty relevant information i feel like. That is a good thing to see overall, the most recent short interest that they are, that they're reporting here is from january 15th and the release date was 27th of january, which is 44.6 million shares, and we are an upward moving channel here with the overall short Interest, it does seem to be increasing day by day, so that is what i wanted to present you guys with the most recent uh short interest that is available here on ortex. We do have on fintel a higher overall amount of short volume of 147 million shares and a total volume of 600 million total short volume ratio of 24.49. So that is how that looks as of right now, let's get into the charts and give us an idea of what we're looking at as of now so here in the pre market, we did end up gapping up a little bit here.

We sat at about uh, 13.60 or so at the close, and then we did open up right here at about 17. and 51 cents. So we saw a nice little gap up. There is a little bit of buying pressure, we're seeing a little bit of a sell-off right now, but i am recording this live.

I anticipate when 6 a.m hits and some other brokerage accounts are able to buy into amc. You're gon na see some more volume start pumping in you'll see a little bit of difference in in uh price action right but uh. I anticipate that you're gon na start seeing some really really nice price action here in the next day. Two days three days, especially with how much short interest uh, i should say short volume, is currently in amc.

We have 147 million shares of short volume on january 29th last market date, which is extremely extremely high, and if we look at january 29th right so let's look right here. This is january 29th. We didn't see any sort of squeeze whatsoever, so i find it very highly unlikely that any of these guys have covered yet and if we look over here at uh ortex right, we can see that there's 1.10 days to cover as of january 28th. And if you fast forward today to the 29th, that would mean that the days that covered for them do come down and expire on either friday or the coming monday.

So i anticipate that you're likely to see some covering happen here on this day. It should be pretty significant, i'm very excited to see what happens and then one thing that i do also want to show you guys is if we come over here to marketbeat right now. This was updated on january 15th right, but the price on record date was eight dollars and 63 cents when we saw uh, 44.67 million shares sold short now. This is where i'm getting that nine dollar target right.

So i had another couple: people say: where is he getting this nine dollars from? Why is this significant right? Well, that's because on january 15th, these 44.67 million shares sold short. The price on record date was eight dollars and 63 cents so to hold over that level. Is significant in my eyes - and i i see this being a pretty huge, uh huge indicator and look at this guys so january 15th. What was the price right? The price on january 15th was not nine dollars and i think that's something that a lot of people are forgetting, so the price on january 15th was 2.25, so it doesn't make any sense whatsoever to say that the price on record date right they sold these back On january 15th, why are you sharing this information if they was sold on the 15th? That's not possible! It's not possible for for 8.63 to be the price on record date for january 15th, because the price on january 15th was was 2.40, so i just want to throw that out there.

That's why 8.63 is a significant number in my eyes. That means that very likely is they they sold. These shares under that nine dollar threshold and for us to hold over nine dollars means that it's very likely that we see that squeeze happen. So what are we looking at right now? Well, if you look at the price action here, we are in a nice upward moving channel.

This is being very well respected. As an ascending level of support. We've got one two, three, four, five, six, seven, eight nine ten different touch points here and then we did have a descending level of resistance that was being respected right here, and it does seem that we broke this overall trend. As you can see, we've got one two three different touch points here: a gap up and that's a pretty nice wide range candle bar.

We would like to see this be green instead of red. As i mentioned, we are pulling back a little bit here in the uh, the pre-market, but once 6am opens we might be looking at some different price actions, so we did break through this, squeezing and condensing a price action which is typically a bullish indicator. We saw it push through this ascending or this descending level of resistance, so i do like to see that overall volume extremely high, as we all know - and volume drives volatility volatility drives higher price valuations. So if we see another one of those 1 billion share days right 1 billion in volume, i anticipate this to be a pretty filthy push on on an overall price action.

So if we assume fintel's information is correct as of january 29th, and there are 147 million total short shares that were sold on that date right or or total. As of that date, right um that should drive a pretty large overall squeeze, and i expect that to happen. We currently have a nice level of support sitting right here. We've got one two three, four five six different touch points pretty well respected level of support.

At 15.96, we are currently hovering just above that right now, and that could be a pretty solid entry point unless you see it dip back down to this ascending level of support, which is entirely possible uh. We will extend this out just to get an idea of what that might look like and that might look something like you know: uh fifteen dollars and five cents 14.49 at the bell: 1426. uh. If you can get this, you can buy in under 15.

I think you're gon na do extremely well um. The risk is still high right, because this is a volatile stock. It's not as predictable as other stocks on the market, i'm not a financial advisor. This is not financial advice, i'm just purely showing you the information that is available to me, and that is what i'm seeing is the safest entry point, as of today is going to be in that 14.36 range.

If we respect this ascending level of support, if we don't, if we don't respect that, you see a break well, if you see a break beneath this level of support, the next level that we're seeing right now is right here at 11.87, which is a much stronger Entry point there's a lot less risk involved, but i can't guarantee that's going to happen right, we're expecting quite a bit of buying pressure, we're expecting a pretty hard push for some higher price valuations on this stock. But if you do see it happen, scoop it up. That is a great opportunity for you, either dollar cost average up or down depending on, if you're a bag holder. If you got in early when i presented this to the channel back when it was a four dollar stock uh either way, the opportunity is extremely high for you.

If you get into 14 or 11 i'll tell you what if this hits 1187, i am going to buy so many shares. So freaking fast i've got dry powder sitting waiting ready to pop into this thing. If the opportunity presents itself and if it doesn't, we've got other place guys it's not the end of the world, i'm just excited for what the charts are. Looking like right now, i love seeing this gap up.

I love seeing that we're pushing 15 and 90 cents and i expect fully to see a retest in the next day or two of 25.80. I would not be surprised in the least bit to see this test 2580 today to be completely honest with you, so that is how the one month chart looks right now. Currently, the rsi is sitting at 57., nice big fat gap between the 15 ma and the 200 ema, which is a nice bullish indicator. So we do like to see that um and we did see a little bit of you know.

Selling pressure didn't come back down. I do think that there were some shorts that stepped in here that were trying to balance their overall uh losses right and it's not surprising the least bit. I mean it's a little bit surprising in some ways. I i don't know if i was down you know a couple billion dollars that i'll just double down on my losses.

I'd probably go long to try to make back the losses, which is you know, probably something that some hedge funds are doing, but obviously not the case. Here. We are seeing a lot of short interest pop in here on january 28th and if we actually come over to uh fintel and look at january 28th and see how many shorts there are right - 65.879 million. So it did actually go up and january 29th see 147 million short volume right um and the price action actually holding up extremely well.

That is a lot about validation and confirmation to me that things are looking pretty good. Now, don't sue me. This is not. This is not financial advice, i'm not a financial advisor.

This is simply information that is available to anybody and i'm presenting it to you as i currently see it. So that is how the one month chart looks. Let's look over here at the one day. One minute chart we will zoom out to give you a better picture of what the price action is currently looking like i'll, clear off this big gray box.

So that's so we can see the charcoal cleaner, but as it sits right now, we are currently sitting at 15 and 90 cents. We do have what appears to be the beginning of what could be a bullish flag and a bullish flag. If you're, not tracking, is a nice long, either gap up or a bunch of wide range green candle bars, followed by a squeezing down and condensing of price action. So we're seeing right here, the price action is very ever so slightly following this descending uh descending level of resistance and if we connect that we've got one two three four five six different touch points followed by um, a squeezing down here of overall price action, and We did see a slight blip where it dip beneath that right, but it was a false break.

It came back up. We are currently trading back in between these levels, so to see that and to see some wicks underneath these red candles. That doesn't concern me a whole lot currently trading at 15.95. If we see a break above this level right here, guys, i'd expect it to be pretty violent and the charts right now guys look pretty bullish.

I feel very, very good about the price action here on amc held up very well with a solid short attack. We've got a double bottom here, which i like to call. The george w uh george w to me is a nice bullish indicator. We all do also have what appears to be a slight head and shoulders pattern.

So that is right. Here, we've got the head, we've got a shoulder, we've got a shoulder, we've got what could be the neckline, but it did not play out that way. It does seem that there was more buying pressure than selling pressure. The the buyers did keep this price off very, very well, and i feel good about the price action currently on amc.

Last thing i want to talk about is potential exit points. What is the right time to get out of amc right? Well, this is going to look different for everybody, but you're going to know when to get out of amc, because the media and the news is going to stop talking about this amc and gamestop stuff. I'm telling you right now, wall street bets wsb is going to be the last possible thread, the last possible news source that is going to stop covering this stuff they're going to push it forever, and i am 100 on board, with wall street bets wsb, i'm on Board with this hedge fund movement, but um, what you need to keep in mind is they're gon na let this run as long as they possibly can, and once the media stops covering this. That likely means that the hedge funds and the people getting squeezed are out of their positions.

It means they're they're, either they're either been bled dry or we lost the battle and, as it sits right now, i'm guessing that they're starting to get blood dry. So um watch for that when you stop seeing this on the news, when you stop seeing all these memes about people, people putting up you know, billboards saying: buy amc buy gme when they stop saying they stop putting out all these short articles right, saying, get into Silver get into ctrm. These are. These are heavily shorted stocks, that is when you're gon na know to get out of amc it's when the media stops covering this when they stop covering this guys.

That means that they have no reason to cover it anymore. If they have no reason to cover it, it means that the job is done and there's likely not much more room to run with the current situation. So that's what i'm going to be watching, for that is something that you can be watching for, of course, not financial advice make your own financial decisions. I am simply presenting information to you guys, so you can make the best possible educated decisions that are available to you.

So that is what i have for the video today. If you enjoyed it, please drop a like. It really does help support the channel and consider subscribing if you like, to see more content like this and lastly, i have an affiliate link in the description box down below for weeble, which is the platform you're watching me use right now. This is version 4 for the desktop.

It's a great platform that allows you to start training at 4am in the pre-market, great tool to help get you ahead of some time-sensitive plays and if you do use, my link you'll receive uh four free stocks with a 100 deposit. Two upon opening the account and two upon validation of your deposit, i will also receive a free stock, great way to support the channel if you're not interested, that's totally fine. My friends! I promise you, i'm just glad you're taking the time to watch my videos. So that's what i have for you guys today.

Thank you for watching my friends and i'll see you all next time. Peace.