AMC stock - In this video we give an update on AMC technical analysis, ortex short interest data, and short sale volume percentage.
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Whoa, what's up, what's up, what's up, what's up youtube, how are we doing baby? It is your boy trace from tracerous coming back again for another freaking video and we are kicking it in the new studio. We've got the chair, we've got computer, we've got cat tree over here. In case titan wants to come, hang out with pops, while we're freaking, chilling and cooking with crisco, but this is going to be for a little bit uh, it's echoing a little bit we're filling up the space as we continue to get things rocking, but this is Kind of where we're gon na be rocking here from the dojo, so wan na throw a quick video. Tell you guys all what's going on with the stock here in the very short term, give you a small update, keep this nice and short brief, simple to the point and get you on your way, so we're gon na go over the technical analysis or text data Shortcut volume percentage ratio, so you have an idea of what's happening in the broad market and amc here and they're very microscopic to give you an idea of what could happen here in the future, and i did tell you guys in yesterday's.
I suppose this morning's update video that having a red day was a very real potential and it did come to fruition. So we did drop down about 4.57 percent and missed this box of about 31.79 that 32 zone just barely, but that break underneath that ascending level of support was a premonition, so to speak of that being a potential to happen. So, let's just go over what could happen from here, based on what we know has happened here so far with the stock in the last two trading days. We'll get you on your way, so, starting off with the ortex data, you can see that the overtx data shows that the short interest went up about 0.25 or so giving you 15 short interest of free flow.
The free flow are the shares that are available and ready to trade to the general public, which means about 15 of 500 million shares, or about 77 million shares are currently being shorted into the market. Very large amount of short interest costs to borrow nothing substantial utilization about 90.36, meaning that of all shares available to loan. Essentially, a big buy that institutions can give out to other people who want to either a hold on a blended stock or b short limited stock. 90 of what is available is already being held, making it hard to borrow stock friendly reminder.
This isn't talking about very often you can't even short the stock on most retail brokers, which tells you the whole picture it's hard to borrow stock. There's not a lot of it. They find gon na roll around in the stock market. So that's what you got rocking up right here, picture hasn't changed a whole lot.
Keep that, at the back of your mind, things are still the same. The only thing that is different is the price, and the price is psychological. If you have conviction in your trade, i come back all the time to what happened back between february and april long period of a lot of boring stuff, a lot of people chilling out but announcing you're wrong you're wrong, you're, wrong, you're wrong guys, i'm just telling You if i thought it was over, as i think many other people would as well, so keep your head on straight. Stick true to your conviction. Come back to that research dig in the numbers. If you have to. I know that everything's going to be okay, daily short sale, volume percentage another day of pretty decent journeys, would have been today actually august 3rd. You saw 44 percent of the overall shortened.
Uh volume on amc was shorted volume, which is a pretty decent amount. If you think about it, that means that, let's just say today, for example, there was you know, i don't know how much volume was traded. Look at the daily candles. You see that the volume traded was about 61 million, which means that a lot of that about 30 35, a little less than that 25 million or so restored into the market.
It shows you that, right here, 20.8 million total shares shorted out of all the volume that came in that's a pretty significant amount which can push the price down. As we did see today, you see this uptick in shorting overall, and we did have a red day. Just shows you what happened right. Keep that macroscopic overall big picture perspective when you're looking at what happens with the stock, it's very likely, not majority apes selling.
Just keep that there right. Remember that now come into the technical analysis, i'm going to show you the daily candles and i'm going to show you the one hour candles you can see that we did break out of this ascending upside level of support in this overall wedge formation to be completely Blonde with you, this is a little bit of a bare flag. So you have this long string pulled down, as you can see right here, followed by this wedge formation. This is the opposite of a bull flag.
If it's trending downwards, then you get this wedge up right. If it breaks to the upside, which can happen, you usually get a good bullish move, but a downside break. You can expect a little bit of volatility for the downside, which is happening as it seems right now now. I don't think this necessarily means that we're not at the end of the bare phase.
I think what you're gon na get here is one final push to the downside, uh somewhere in this overall box of uh consolidation, slash support, so i'm gon na show you this video on the daily candle. So it's easier to see the reason i've drawn this up is because this is where you see the most sideways trading: the most halted price action on the chart between 25 and 32 dollars. So if you get a break underneath 32 be mentally prepared for the fact that it may end up pushing down at that 25 mark, that's an opportunity to average down your position. I said this in this morning's video recorded last night.
You can look at it two ways: unrealized losses or an opportunity to buy the stock on a discount. If you have conviction in your trade, you have conviction of the company that you're buying, which is amc in this instance, right. It's an opportunity to buy for cheaper. If you think it's worth more than it's trading, nothing goes up forever. Nothing goes down forever. That is a factor. This is a company in which case you're out of luck, but we know what is the underlying thesis behind amc and it hasn't changed right. The shorts still haven't covered their positions, state apes still up the stock.
You still got naked shorts selling, high frequency trading, dark pool trading, x, y z, x y z, x y z. All these things are not gone. Keep that psychological game there you're going to be. Okay, my friends and that's what i've got for this video, so blah blah blah blah blah blah blah blah catch on the next one light taps from me and titan titan's going freaking nuts he's uh he's exploring he's loving this place.
Unfortunately, not gon na see him wander around right now, because i've got the white wall in the background, but nonetheless appreciate everybody catch on the next one: much love and peace.
I’ve been in this business for 25 years and when it comes to buying stocks let me make this simple for you. Buy what you eat, buy what you use, and buy what you wear. It’s just that’s simple . And please stop letting people try and put you in garbage stocks. The only reason you should consider buying AMC is if you go to their movie theaters and plan to hold that stock forever because it’s in a down trend.
Come on peeps. If the sort squeeze was going to happen it would of happened by now. The big boys have all the curruption tools to make sure u lose and they win.
These youtuber have costed yall a lot of money. They continue to ignore the actual data on AMC and give yall hope with dark pool prices, a pool which they cant trade in nor the people who watch their video. Now citadel can cover their AMC lost with Hood.
Just draw a green line going up on your computer and there it's fixed 🙌
Who is letting them barrow fake shares to short? Why can't Amc stop them from doing this .
Wall Street only wants to play by the rules when they're the ones losing money. I'm holding my AMC stock and no "breaking news" FUD will get me to sell. We are an army and all have diamond hands. I'm sick of the market manipulation by the hedge funds and whales. It's past due time to teach those greedy b's a lesson.
but did u sell trey ? these are the questions do u have conviction in this trade?
Trey I'm freaking out. I have an average of $45 and lost a g today…. I'm all In with amc. And then all the fud that's being spread on there I just want to make certain nothing's changed? Do we still own the float I feel like a lot of people have sold unless that's just a market manipulation…. Another guy says the forced margrin calls aren't going to happen unless the price goes way up. Someone tell me were still ok
Watch this video a day late but definitely made me feel better about what happened today… Thank you Trey
Well it is tomorrow and looks like you may be able to load at 3 come Friday.
So I hear is AMC is getting cheaper to buy for bigger gains. Shorting isn't helping just gives us more time to buy.
Did your TA indicate to sell in June? You're like the best trader ever.
AMC "influencers" have been preparing Apes for a "bust." I really like some of them, especially Trey. But, he stopped live streaming altogether. Matt stopped streaming all day long. Both will pull back even more, IMHO. Especially with AMC now in the 20's.
does this guy show his position? he should show his position every video else im just going to assume hes making money off the hype and views on youtube
amc stock goin to d moon??? amc worth 1 million per share??? Gen X & Gen Y the dumbest morons!!! LOL Even dumber for listening to pumping utubers with der gimics acting like fools!!
$30 was a very lenient support level. It was really $32/34. Either way, AMC has smash smash smashed through the $30 and is at $29 almost $28.
Trade is invalidated.
and guess waht…when it squeezes, it will go up far enough for us to recover some of our losses. Nobody is going to make any significant profits. Im done with all this hype bullcrap from all you idiotic youtubers . I am down to $23000 from my $105000 investment into AMC. They all tell you to HOLD but I promise you they are the ones who sold. All you Apes are idiots just like me believing all this bull of a squeeze. Hedgies won. Dont you see that. If they were scared of the SEC or losing money, dont you think they would have stopped doing their BS corrupt and manipulatingf BS Think about that. Were all going to lose our money!!! …and because of all these fake youtubers who already sold and didnt hold …or work for the hedgies…like Matt Kohrs and that other fruitcake who rubs his hands together with excitement everytime he goes on. Yes. Trey. Do you think he would be that excited if he actually held with all these dips? Come on/ Wake the F up!!!
The stock is not hard to borrow. There are more than enough institutions to lend. It's just volatile and risky.
?!!! So the stock price is going lower daily. Aren't the shorts already covering as it's going down? Or are they waiting till it gets to $$15-20 before covering en mass? What's the dealio?
I had to sell some of mine Bc I needed it but I’ve still got over half that I’m holding onto let’s go apes
All you apes are suckers….just like me. Youll be crying when it hits $9 and lose everything. Ask Trey to show his hand. Guaranteed he sold and didnt hold. Guaranteed!!! Him and that other fool jackass Matt. Do you actually think they would be so excited everytime they go live if they werent losing money like us? Think about it.
heytrey why dont you show your hand to everyone …Show them how you sold and didnt hold, like you told everyone else to do. I hate you
Now im down to $23000 after investing $105000 in AMC You suck and I hate you . Your corrupt . Go ahead. Prove that you held and didnt sell. You work for hedgies, dont you. I hope they shut you down!!! I hate youy!!!
OMG are you from the future, just watched and today was almost exactly like you said it could be.
I see this shit going below 30 as I type… Let my 15k in unrealized gains disappear, don't give a fuck, not letting go of my 5xx shares. Buying more. Please let it go back down to 10$ a share, I'll double my position.
Oh yeah. We were ready for today. Another day and another fall for AMC. This will be back to $5 soon enough.
tomorrow is payday and I'll definitely be buying this delicious dip.. apes hold strong 💪
this is a war of attrition. keep your heads up. This is their tactics. Their last ditch efforts to smash your will. Pump the hell out of Robinhood to make you sell amc an jump ship. Hold true to your convictions.
Janet yellin gave a speech at citadel for $800,000.00 and she’s Barry’s boss, now she’s saying the government isn’t doing anything because it will hurt people’s pensions, someone with a lot of influence has to start
MILLION APE MARCH… OR NOTHING WILL HELP………..