Oh man, oh god it was uh. It was a long night last night i'll tell you that right now i am uh. I did a live stream had uh had a couple drinks had a good time, we're back here now, but i definitely woke up a little bit late today. Uh.

What do you do? What is up? Everybody welcome to trey's trades, where you get technical analysis and different stocks in the stock market, as well as potential buy holders sell opinions on these given stocks. I, like the 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 thirty thousand dollars deep in some 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 am i not financially free, but i'm doing pretty well for myself at the age of 23. So if i can pass along the information, resources or tools that are given to me here, the community make a couple people better off than they were before.

That's all that i can ask for last of you and i might drop a like on the video. It really does help support the channel and consider subscribing if you like, to see more content like this. Now today we're going to be giving an update on ticker symbol, amc, amc, entertainment holdings incorporated now, if you're not familiar with. What's going on with this stock, i will show you guys eventually here, but this is one of the wall street bet, stocks, wsb and uh.

It is seeing some pretty volatile and roller coaster like movement, but we'll be giving you guys an update. I know we are expecting a squeeze sometime today, uh, so we're gon na talk about what what we can expect. So we've got a fibonacci retracement drawn up here, giving us some ideas of different uh support and resistance levels. We're gon na look at the overall volume here we're gon na look at this on the one month chart as well as a two day, one minute chart to get both a macroscopic and microscopic view of the stock.

I've got three different indicators pulled out, which are the rsi, the relative strength index, anything over 70's overbought, anything under 30 oversold i've got the 200 ema, which is this dark blue line right here. This is the exponential moving average. This is just a price action based valuation trend line over a 200-day moving period and then the 15-day vomit, which is the volume adjusted moving average. Some brokerage accounts went off on this.

You may need to use the v-wap or the m-a, but this is just a price-action-based valuation trendline over a 15-day, moving period, adjusted according to the overall volume going into a stock. So we'll talk about all three of these mean give you both some bullish and bearish patterns on here uh. You know, honestly, this stock kind of trades against all technical analysis logic at any one, given point uh, all technical analysis is gon na be trumped by uh. Whatever news catalyst that wsb puts out and all this crazy stuff happening with robin hood, ameritrade, uh, 212 et cetera, et cetera, et cetera, but we'll do our best anyways to prepare you guys.

So we'll also look at some potential entry points and exit points. If you are looking to do that, i will show you guys i put out a video on this. I got absolutely swacked by my brokerage account selling my positions at their all-time lows. If you're interested in checking out that video, it is on the page, but they swacked me and i am not planning on selling amc, i'm holding this for the foreseeable future.

So with that being said, let's get right into the video, but first i want to give a quick shout out to the guys over at the patreon. Thank you guys so much for the support we are over. 600 members strong, i think, 650. As of this morning, absolutely insane, i think i'm very grateful.

That's all i should say a month ago. I think we had 10 people in here. So it means a lot to me to see this happen. Uh they will have access to the private discord as well as real-time insights.

My personal trading and we've got a lot of great stuff in here. We've got chat and questions investing assistance options, stock bot, which i will actually be using here. Wsb updates and some different wsb stocks short term plays midterm, plays long term plays. Spac plays cult stocks, whole bunch of different industries and sectors, and a lot of people in here making a lot of money.

We're gon na check out some of the weekly earners and learners just for you to see in a single day, 48 hitachi, ushiha 137 in the past week, absolutely insane gain. So if you want to be a part of the community, there's a link to the patreon description box down below now, i want to pull up for you guys wall street bets, and i just want to show you what's going on here. So, let's pull this up wall street bets. What is this so? This is a this is a group that has formed on reddit and their sole purpose is basically to squeeze the hedge funds and specifically merlin capital.

So what what is merlin capital well merlin capital is currently a hedge fund that has very very heavily taken a stake against gme and amc. So, let's just read this article quick game. Stop pairing gains. As cnbc says, melvin capital closes out of short position, which is absolute bs.

They have not closed out of their positions. The short position has actually up to 250 on gme in case you're wondering but uh. This is the reason why we're seeing this happen so merlin capital, a big time. Hedge fund uh, has shorted against gamestop and mc big big time, and people are mad because we've seen these hedge funds manipulate the market for years and years and years right and this.

This group was formed on wall street bets and they said you know what effort we were finally going to step up and and stick it to the man so to speak and attack these short funds. So if you were willing to get in on this with me, they said i'm gon na buy gamestop. You should buy gamestop too, and this just exploded. Hundreds of thousands of people and millions of people are are going in on this on this movement on gamestop, which is absolutely crazy, so we are seeing that happen, but regardless, let's talk about amc right.

So if we come back to the amc chat, somebody, i noticed looked up the total short position in amc, so we're going to pull that up for us real quick just so you can see that let me pause the video all right, so this is according to Stock tracker share statistics: we got a market cap of 1.14 billion uh average volume jesus - oh man, 1.9 million, obviously trading away above that shares out. 103 million float, 101 million institutional holding 49 percent and insiders holding 1.8. So that's what we're looking at right now and there is a high short interest, so keep that in the back of your mind, we do expect some pretty violent price action here today and institutional ownership over 50. You know what that means right.

Almost half of this is owned by melbourne capital or similar companies that are shorting the stock. So i'm very excited to see what happens. Let's look at the charts here and give us an idea of what we should expect on the day. Now we do know two things: we know a this stock needs to close above nine dollars at the end of day, so those options can expire worthless and they have to cover high and b.

There are more options in the five dollar price range, and that is a backup if necessary, but if we can close this day over nine dollars, that is the crucial, crucial thing. So anybody who is holding a position at amc - um, i'm not giving you financial advice of course, make your own financial decisions. I i am doing this for myself and just simply providing you the information if it is, if it's something you want to do right, but if you're holding afc and the end goal for you is for the squeeze to happen, all that you need to do is Either buy or hold that's it. That's literally it if every single person holding amc right now doesn't sell a single share.

They're, not gon na, be able to do anything get this too. This dropped over 10 percent yesterday, so they cannot short this stock. Today, from my understanding, please correct me if i'm wrong in the comment section down below, but from my understanding, the stock is not shortable today and that's huge that should really save some beat up on amc. Of course, maybe they'll manipulate the market again and allow it to be shorted.

Who knows i mean brokerage accounts such as robinhood were shutting down for for absolutely no reason that was legal. So we already know what they'll do to stop this from happening. My throat's dry guys man, it was a long night last night i'll tell you that right now, you'll have to excuse me anyways. Let's look at the charts here.

So what are we seeing? Well? Yesterday the volume was pretty red. We started the day off pretty red right, but what catches my eye that doesn't make sense check this out. Look at all this green volume right here, one two, three four huge bars of green volume and fair enough. We did climb.

We went from 1475 up to 1989, pretty high right look at this two bars of red volume. We went all the way from 2150 to six dollars. How does that add up? How does that head up? It doesn't i'll. Tell you that right now it doesn't add up, it's just straight up doesn't, and that is because this is market manipulation happening.

This is uh. This is shorts, trying to save the butts - or, i should say, market market makers trying to save the butts of these institutions and hedge funds, but that's all right either way how the charts look right now we do still have the gap between the 15 vom and The 200 ema, so the volume is there a little bit down yesterday, but it is what it is: um pretty red volume, but we're gon na be looking for more green volume, and i do expect that to happen based on what we, what we see with the Ten percent rule, so you know that should not be a shortable stock today, and that should do some good. Are we already up here in the pre market? It's at 1353. we've got up a pretty decent amount.

I think most of the wsb stocks are making a good bounce. Let's take a look at bb and gme. Gme is going back pretty well and milk nope not so much, but gme and amc are doing pretty decent and uh. I i think you're you're gon na see a pretty nice squeeze today.

All that you need to do to make this happen, guys is hold or or or buy. Rsi yesterday surprising to me that that's all this is all we over corrected to is 39. It definitely felt like a lot more, but uh i mean it was a heavy swing. 91 points down to 39 points.

That's it! That's a 50 point swing so that hurts no matter. What way you cut the cut the cheese and maybe cut the cheese. Wasn't the right way of saying that, oh whatever i said what i said, anyways uh we're going to be looking at a level of resistance here at 1538, you can see that we had a price, a price rejection, a candlewick rejection at that 1538. So a push over that is going to bring us some good higher prices.

Let's look at the candles here: let's get an indication of what we might be looking at. We've got a nice hammer candle here, which is typically a good bullish indicator and uh. This is a hammer candle as well, but that's that we don't like that, topping tail so this this is good to see a little bit of trend reversal that that's the rejection candle we've got a follow-up rejection candle on the downside uh. This could end up being a four-bar plate on the 60-minute chart.

What we're going to be looking for? Is this candle to end green and then close about as high as this one opened and then, if that happens, you're pretty likely to see a next wide range candle bar that pushes up over 15 and brings us to the promised land. So let me just think, in my mind, real quick. If i'm missing anything here, we went over the 15 vomit 200ma bullish territory, entry points if you're looking for the best possible entry point into amc, you're looking at, we have a new level of support here at about nine dollars, 878, and also here. Let me just adjust this here at six: seven dollars 746.

So, if you're looking to get into the stock, that is the best possible entry point, i'm not guaranteeing it's going to happen, but keep this. In the back of your mind, this has been an up and down mover we've seen movement as much as 20, basically in a single day, so 100 possible. Please please, please! If you have the opportunity to buy don't chase uh, it should present itself an opportunity to you, so that is my take currently on the one month chart change over to the two day, one minute real, quick, get some last minute confirmations on the charts, like i Said i do have a position in amc i will be holding and when i get paid here very soon, i'm gon na be putting a lot of money in the market and a lot of that's gon na go to amc and gme and i'll tell you that Right now, so, if you look here at the two day, one minute chart you can see, we have a double bottom here: good bullish indicator and it's a stair stepping double bottom. Nonetheless, but that's a george w.

If i ever seen a george w my my friends all right and then beyond that, you can see that we had some price rejection and a triple top right here, which that kind of scared me a little bit. I'm not gon na lie. That's uh! That's typically not a good sign to see one two, almost three four different touch points that it won't break, but we did get the breakthrough here, which is good, so they push through uh, pretty long wick down here indicates some some selling pressure. Wick here also indicates some some selling pressure that was rejected and we do like to see that that's a good wick to see that's an ugly wick, but it's a good way to see if that makes any sense at all all right.

So looking at these uh, this price action right now we touched up at 1525. As i mentioned, price rejection came back up a second time, didn't quite hit it, and right now we're floating at about 13.25 triple bottom right here, which is a good bullish indicator. We could be seeing this make a good run but uh as always. I will update you on amc down the road here and let me tell you what i'm absolutely in the game now.

I've got absolutely no reason not to be that's. That is 100, where i'm at with this stock. So that's what i have for you guys today. If you enjoyed the video, 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. Now. Weeble is a brokerage platform that allows you to trade in the extended hours, starting at 4am, cst uh, and if you do sign up, you get four free stocks with a 100 deposit that can be worth up to a couple thousand dollars. I receive a free stock if you're not interested, that's totally fine, i don't really care guys.

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.