I've just been sitting here laughing at this chart for literally like uh, i don't know like 10 minutes. This is the this. Is the craziest stupidest filthiest thing i've ever seen in the market? Probably ever, oh man, i'm excited to talk about this today. What is up, everybody welcome to trace trades where we get technical analysis and different stocks in the stock market, as well as potential buy holders.

Sell opinions on these given stocks other purposes 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 thirty thousand dollars 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 are given to me, you know the community make a couple people better off than they were before. That's all that i can ask for last.

If you would not mind drop a like on the video, it really does help support the channel and consider subscribing if you'd like to see more content like this. Not today, we have an update on ticker symbol, amc, amc, entertainment holdings incorporated, and i mean we can try to get technical analysis on this predicting. This is going to be dang near impossible, but uh we're going to do our best and just give you the reason why we're seeing this happen, if you're not familiar with, what's going on with amc or perhaps gme, which is absolutely stupid, almost 350 dollars right now, Man - this is absolutely crazy, so we'll come back to amc here, we'll look at this on the one month chart as well as a two day, one minute chart and guys this is going to be an extremely extremely volatile stock. I want to say first and foremost do not put - and i mean this - i double down on this - do not put any money into this stock that you are not willing to lose uh.

If you do not buy this under five dollars, or at least in the five dollar range uh, there is risk involved and tread tread very very lightly. So uh we're gon na cover amc, both macroscopically and microscopically. Look at the overall volume going into the stock. I've got three different indicators pulled up, which are the rsi anything over 70's overbought.

Anything under 30 is oversold. I've got the 200 ema, which is the exponential moving average, and this is just a price action based valuation trend line over a 200-day moving period, and then i have the 15-day vomit, which is the volume adjusted moving average, and this is a price, action-based valuation trend Line over a 15-day moving period, adjusted accordingly to the overall volume going into a stock. So let's talk about what these all mean, give you both some bullish and bearish indicators here, uh we'll! Try we'll try to give you uh some sort of entry point, but afc is not trading uh typical market patterns. At this very moment this is very uh, not usual, so what i say can very very fastly change, so we'll do our best to cover this any way that we can and let's just get right into the video first.

I want to give a quick shout out to the guys over at the patreon. We are 600 members strong now, which is absolutely insane. Thank you guys so much for the support. It really means a lot more than anything.

I could ever that i could ever describe they'll have access to the private discord as well as real-time insight to my personal trading and there's a lot of good stuff in here. We've got chat, questions, investing assistance, stock, bot options, trading, we'll go over stock by here. In a second short term plays midterm, plays long term plays, smack plays cold stocks, a whole bunch of industries and sectors. So, if you're interested in joining this community, it is a great great place and we've got a lot of people that make a lot of money.

But look at our weekly earners and learners here past three months: eighty percent crow made 94 percent in one month. Ten thousand dollars vike made 200 in one month, absolutely insane. There's a link to the patreon description box down below if you're interested now amc. If you're not familiar is a movie theater company that was very fastly approaching bankruptcy and the reason why this stock is the absolute perfect storm is because it's a very heavily shorted stock.

So if we take a look here, we can type in short amc, and this will give us an idea of how many shares are being floated on this. For a short, it is 36.58 and the reason this is going to cause some issues for people and why we're going to see such a hard push is we're expecting a short squeeze out of this, so we'll get into this reddit thread in a second i'm going To explain why we're seeing this happen, if you're not familiar, which you probably are, but if you're not we'll get you up to date, uh. The reason this is so crazy is because we have a lot of buying pressure and shorts are going to eventually have to cover, and what this does is. It causes a short squeeze now, if you're not familiar with what a short squeeze is.

This is when uh people sell a stock, they borrow shares from their brokerage account, they sell a stock and they try to buy the stock price back or the stock shares back at a lower price valuation right. So they make money that way you profit from the difference. Well, if the stock price goes up instead, which is what this is doing right now, shorts have to buy back at a higher price, and this is called squeezing it squeezes the stock because, when shorts have to cover, they buy back their shares at a higher price. This still pushes the price back up on the stock, so you see a nice squeeze on price action.

Uh the lower the float on this stock, the higher the overall uh squeeze will be and right now, there's 287 million shares outstanding. With 106 million float. That's a pretty small flow. That's gon na that's gon na cause some demand, and thus some volatility both up and down now.

The reason why we're seeing this happen, if you're not familiar uh, is something called wall street bets, and this is going to make some history books someday. I think you're pretty likely going to see some new guidelines from the sec in the future. Uh kind of getting banning this sort of stuff - i don't know, what's going to happen, but this is unprecedented times in the market. I don't think this has probably ever happened, and it just goes to show you the power of the small people when we all come together.

It's insane uh, this reddit thread basically what's happening is you've, got hundreds of thousands of people coming together on these threads and saying hey, we're gon na we're gon na get into the stock we're gon na pump this stock so, for instance, gme or gamestop uh, something I want you guys to keep in mind. Also is gme is currently trading at three hundred and eight dollars. Apple is worth 144 dollars per share, so currently gamestop is worth twice as much as apple, apparently just to show you what's really happening here. It's pretty crazy and what's happening.

Is people are coming onto this thread and saying: hey: all of us are going to buy into the stock and we're not going to sell and we're going to force shorts to cover their positions and uh and squeeze the stock price up. Uh and amc is definitely on this threat, which is absolutely insane. A lot of people are pushing this and to verify that not only do we have this happening on reddit, but we also have this happening in discord. So if we type in pop, what this does is stockpot pulls up the most talked about stocks currently across all discords and the top two right now are gme and amc third being bb, and i've got a position in bb as well as amc.

I got into bb for different reasons. I actually believe in them long term, but amc is a quick money sort of grab. I plan on getting this for a swing trade or at least a midterm trade at the very, very highest hold position, and you know this would be a good good stock for um. You know for quarantine, but as it sits now the game has changed.

I presented this play to you guys before wall street bets took this over. I brought this up a couple days back before all this crazy, crazy hype and, i said hey. I think that amc has the potential for a short squeeze, and i stand by that. I definitely thought that was possible, but now the wall street bets has gotten in on this and they're starting to really push this stock.

We've got a lot of potential for something absolutely filthy to happen here with amc, and it's going to be very, very, very volatile. So if you got another four or five dollar range, the risk isn't super high right. The upside is extremely high, the downside not not too high. Maybe you come back down to break even right, uh if you get in anywhere in this new range anywhere in the 9.

10. 11. 12. 13 range.

The risk is higher for you and i want you to realize this is going to be an extremely extremely volatile stock. Don't put into this what you're not willing to lose, because this is unprecedented times and we can't predict what's really going to happen here, because this is not typical market behavior. So that's what's happening with amc right now we are going to. I don't think shorts have really covered this, yet i think the squeeze on this has potential to push this.

Just today, up to a double up, i could see 16 pretty easily. In fact, this might honestly happen before pre-market even closes uh. Most brokerage accounts start opening up at either 6 am cst or seven, i think 730 cst. So there's a lot of price action be had most of these people getting in right now are we bull users and ah man? This is this - is so crazy guys? It's this i'm very unprecedented time, so what i'm gon na do, for you is tell you right now, there's a lot of risk and i'm going to give you the best possible entry points based on the charts as well as i can all right.

This is this. Is going to be hard to do just based on the extreme volatility of this, we can see a lot of movements very, very fast, but just based on what we're seeing right now, let's try and give you guys a potential entry point into the stock. So if we take a peek at the retracement from this last mini run up right, this mini climactic run up. Let's uh, let's retrace this and give us an idea of what we may be able to expect.

So if we take, we take the base of this run-up to the peak of this run-up. We had a retracement down to the 50 retracement. So if that trend continues, you're likely to see a retracement on this stock about 50 and we do see that works out pretty well, we've got a nice little candle wick right here. So if you're looking for a safe entry point, i do think the 50 retracements.

Your best bet, which would be 33 cents, i'm not guaranteeing that's going to happen right. This is a very, very volatile stock. This is going to be extremely hard to predict. Um, honestly, all this is going to make the history book someday, but if you're looking for a risk or low risk investment into amc, um, that's what you're looking for and i think there's a lot of people out there that are likely going to fomo and yolo.

This thing and just try and ride the wave up - and i urge you if you do that to be very, very cautious of not uh, not putting yourself into a place where you're going to lose a lot of money. There is extreme volatility and risk involved with amc right now. This is extremely overbought. We touched 93 on the rsi indicator, which is insanely overbought territory.

We are seeing a little bit of a correction right now down to about ten dollars to be transparent. I do have a position in this stock. I am in amc with a dollar cost average of about five dollars and seven cents uh, currently about seven thousand seven thousand dollars yeah it's worth about seven thousand four hundred forty dollars, five dollars and nine cents. One thousand five hundred shares so with that being said, um if you're in the foreign fives, i think the risk is low, but just keep in mind like i said the rsi it is overbought buying at the peak of uh of price action is risky.

It may not keep climbing it may keep climbing, but just keep in mind the overall risk um with that being said, so the overall volume getting higher every single day. I do think people are shorting this, which is why we see these huge red bars at the beginning of the day. Buyers are stepping in and controlling the price action here and in the pre-market and after hours we're seeing some pretty hefty price action. It's insane.

I i just can't this is the craziest thing i've probably ever seen in the market i at gme makes me lose my freaking mind. That does not make any sense at all man, absolutely insane anywho. We got a nice big gap between the 15 vomit 200 ema. Extremely bullish territory, how long will this run last? I have no idea.

This is not predictable whatsoever, because this is uh outside of regular market tendencies and psychology. There are people who are influencing the market right now, um, and that is that's crazy and a little bit scary. To think about that. We that people have that much power over over stocks, but that's currently what the situation's looking like in and if you want to ride this stock, just be aware of the overall risk.

So, like i said 933, probably your safest entry point does look like. We are approaching that right now in the after hours or the pre-market, i should say uh. I think that's going to be your best bet to mitigate some risk here. So overall bullish and bearish patterns there's not much.

I can really tell you about bullish patterns here. If we draw a trend line, it look something like this just straight straight up, which is absolutely absurd, but, right now this stock is just not not really analyzable, i'm not i'm not going to lie to you all that i can really tell you. Is the overall volume in this is trading unusually high, where multiples higher than we've seen in the past rsi indicator extremely extremely overbought? I can give you the retracement based on previous trends and say: hey 50 is where this retraced last time. This is likely to be where you see it retrace the second time, if it does uh 933 is likely to be your best option for a buy.

So, let's come over to the two day. One minute chart just take a quick peek at everything happening here. Look for any extra validation and we are seeing a little bit of a sell-off right now, but these candle wicks look pretty clean from what i can see right now. So we'll zoom in on this and uh get an idea of buying and selling pressure and there's some long hammer candles here, guys so the longer the wick underneath these candles.

These are called bottoming tails, uh, the stronger, the overall strength of buyers and we've got quite a few. Quite a few hammer candles right here. These are also called shooting stars, but um that indicates that sellers are trying to push the price down and are not succeeding. Buyers are stepping back in to push the price back up.

So there's a lot of buying pressure here. Volume was extremely high at market open, but honestly, not that much happening yet you're going to want to watch for 6 a.m. I think that's going to be very indicative of what happens here with amc. I think there's a lot of hype, there's a lot of people talking about this uh and please please, please, please, please, if you are going to chase this stock, if you're going to fomo yolo this thing mitigate your risk, realize you might lose everything you put into This i got in a dollar cost average of five dollars and nine cents um.

If you're in the four and fives i think you're pretty safe. I don't think there's much risk involved with you holding your position. If you get in in this nine ten eleven dollar range, it may come all the way back down to four or five dollars. It may come back down to one or two dollars for all.

We know so be very careful. I don't want you guys to lose all your money, i don't want you to have to bet the farm and lose the farm. There is a lot of risk involved here, but there's also a lot of potential involved as well. One other thing that i want to bring up is: this: is a traders market right so um? In order for you to sell your shares, somebody has to be willing to buy your shares and why am i bringing that up? Well, all profit is unrealized until you sell.

So, let's just hypothetically say this runs up to 100 right. If you have 1500 shares at 100, like i do and you bought it at five bucks, whatever um somebody has to be willing to buy all 1500 of your shares at 100 and if nobody is willing to buy those meaning, you see some selling pressure um. But you can't get your order filled right. You may not be able to take your profit on those shares, so there's risk involved here.

Uh. Keep that, in the back of your mind, i wanted to bring that up just in case anybody out, there is is uh thinking about getting into this. There is potential here. You can make a lot of money.

There are people out there that made a lot of money with gamestop because of this whole reddit thing happening right now, but there's risk involved. You may not get your order filled um, so just keep that in the back of your mind when you decide to make this trade. So that's what i have for the video today guys if you enjoyed it, please drop a like. It really does help support the channel and consider subscribing if you'd like to see more content like this.

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So if you want to support the channel great way to do so, if you're not interested, that's totally fine, i don't really care, i'm just glad. You guys are watching my videos and taking the time to support me in that way. So that's what i have for the video today guys thank you for watching my friends and i'll see you all next time. Peace,.