Oh man, the stock, i was so sad. I was so sad about amc. I had to work this morning. I was doing some in-processing here out at fort sill kentucky for air defense, artillery bullock and uh.

I bite into this like not a great time. My dollar cost average on this is 476. I think i've currently got uh. What would it be? 1560 shares just under 7 000 in value after i'm down on the day about 7, but the after hours right now looks pretty nice, i'm not mad and i'll drink.

To that we've got some woodford reserve, kentucky straight bourbon, whiskey a little bit down the hatch, so we're gon na talk to you about amc and my game plan for this stock. So what is up? Everybody welcome to trace trades. We have technical analysis and different stocks on the stock market, as well as potential buy holder, 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 30 000 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 any of the information, resources or tools are 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 would not mind dropping a like on the video really does help support the channel and consider subscribing.

If you like, to see more content like this now today, i'm gon na be giving you guys an analysis on ticker symbol, amc amc, entertainment holdings incorporated. This is the country's biggest movie theater corporation, and they are looking at some pretty nasty price action right now. I really really like this uh we're gon na look at a couple different things here. The one month chart, as well as the two day, one minute chart to give you both a macroscopic and microscopic view of the company and the overall price action.

I've got three different indicators pulled up which are the rsi the relative strength index. Anything over 70 is overbought anything under 30. Oversold we'll talk about the patterns on here, the 200 ema, which is this dark blue line that my mouse is over. This is the 200 day exponential moving average, which 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, 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.

Oh man we're gon na we're gon na look at some different uh levels of support and resistance on the company. I'm going to drop a fibonacci retracement, which is very easy to come over to draw click on fibonacci retracement. You put the bottom at the base of the run-up and the top at the peak of the run-up, and it gives you an idea of how we can establish some levels of support and resistance based on retracement to certain levels on the stock. So we'll look at that talk about some different buying and selling pressure or strength and 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 at the patreon we're almost 600 members. Strong, which is absolutely insane, i'm so grateful for everybody here uh they will have access to the private discord as well as real-time insight to my personal training, and we've got a lot of great stuff in here guys. We've got chatting questions, investing assistance, stock, bot options, trading, i'll talk about stockbot in a second actually short and short-term players.

Mid-Term plays, long-term plays, spac plays cold stocks and a bunch of different industries and sectors, including crypto, and we've got some really smart people in here. Guys a lot of people making a lot of money. We've got here, alex g made 57 in the past month. 19 000.

That's insane been a great month, 67 percent in the past month. Oh man, if you want to be a part of this awesome discord, there's a link to the patreon in the description box down below now, if you're not familiar with what amc is we'll just read you a quick description, give you some fundamentals: they are an entertainment Company engaging in the theatrical exhibition business through its subsidiaries, it operates through the united states markets and international market segments. The united states segment involves in the activity in the u.s, specifically in new york, los angeles, chicago atlanta and washington dc. The international market segment focuses its operations in the united kingdom, germany, spain, italy, ireland, portugal, sweden, finland, estonia, latvia, lithuania, norway and denmark, companies founded june 6 2007 and is headquartered in leewood, ks overall market cap sitting right under a million dollars, and they have not been Doing well up until recently, they're doing a little bit better now and that's why we're seeing a little bit of a push.

So if we take a look at this amc, entertainment raises 917 million dollars avoiding bankruptcy, and this is why we're seeing some pretty hefty price action here in the last uh last 24 hours. This is posted today on january 25th. We'll just read this off really quick. So amc revealed in an sec filing, it is no longer in danger of bankruptcy.

After securing usd 917 million dollars in financing, the funds ensure that the company can remain open and functional throughout 2021. So this is enough funds to generate uh operational costs for at least the entire year, which will give them an opportunity to continue to grow the company and move forward with some revenue. This means that any talk of an imminent bankruptcy for amc is completely off the table said ceo, adam aaron, and he did this recently ago on. I believe it was cnn, and he discussed this this all.

I actually watched that live uh and it was actually a pretty interesting talk. He he feels very good about where the company's at right now he said we're not in any sort of danger of uh going bankrupt. Uh, you know, that's that's take that for what it is. This isn't a stock that i would consider holding for multiple years.

This is a stock, however, that i can see holding for maybe a month or two months, or at least a week or two right and i'll. Tell you why i'm interested in holding this right now now there's risk involved here, so keep that in the back of your mind, there's risk involved with every oh excuse me every single play, but what catches my eye is this the overall short interest in amc right Now i know i'll tell you right now. This makes me think of this makes me think of gamestop gme. Now, of course, i'm not expecting us to go from from five dollars all the way up to 155, but look at this gamestop was 17 and went all the way up to and sixty seven dollars at their peak, and this you know why this is is because It was a very heavily shorted stock and eventually the shorts had to cover and when they cover the stock was squeezed well.

I can see the exact same thing, maybe not to the 100, the triple digits mark, but i can see the same thing happening with amc and let me tell you why the overall short float percentage on the stock is 36.58 percent. That is extremely extremely extremely high, and if this continues to run eventually, these guys are gon na have to cover they're gon na have to buy back their shares at a higher price, and this is gon na do what's called squeezing the stock and when you squeeze The stock it pushes it up higher because shorts have to buy back their shares, and that is going to be absolutely filthy. If that does come to fruition now, i'm actually interested in what the short on gme looks like. So, let's just take a quick look.

Look at gme or game stops overall short shares floating so one second, oh yeah, all right! So look at this. It doesn't have a percentage, but there was 50.65 million shares floating right now in gamestop right 69 million shares outstanding. We have 164 million shares outstanding right now with amc and a float of 106 million, so this could be a very, very, very nasty. This could be a filthy squeeze.

That's all i'm going to say. That's all i'm going to say right now about amc, but let's just get into the meat potatoes we're going to show you guys the one month chart. I do have a position in the stock, as i said, to be completely transparent. I have 1560 shares at a dollar cost average of 4.769, not very happy with my entry.

I could have done better but, like i said i was at work when i saw this and i was doing some reading and i did not want to miss out on this opportunity. Call it fomo if you want call me chasing if you want. I know it's. That's typically against my trading style to to chase a stock, but seeing the same setup as i saw with gamestop being able to hold this for a couple of days.

I think it's gon na do potentially a lot of the same things. Gamestop ran for one two. Three days and uh right now we're looking at uh. If we come back to amc one, two kind of two i mean we didn't really run this today we ran in the pre-market and then it just kind of floated right, but it does look like we may be continuing this trend into the after hours and i'm Very excited so the retracement on this is actually really really nice.

If we, if we take out these really long candle, wicks right, we've held up very well at this 38.2 retracement, which indicates a lot of buying strength right. That indicates strength in the stock. It says that buyers aren't taking profits and you might be thinking to yourself what the heck. Why are we seeing so much growth in the stock, but there's so much red volume? Short short short, there are shorts that are attacking the stock right now, and the fact that 38 of the shares held on amc right now are shorted stocks.

That should tell you a lot about what's happening here right. That gives me a lot of confidence. The fact that nearly half of the overall shares being held on amc are shorted stocks and we we're still green on the day. That says a lot about the company, guys, i'm telling you right now, i'm very very excited for amc.

This could be a really huge swing trade at the very least, i'm going to hold this for a couple of days until we see a hard trend reversal, something where we're breaking down this fibonacci retracement to like the 61.8 percent mark on the next run-up. If there is another run-up, of course, i can't predict the future. All i can do is look at this data and tell you this is what the charts look like, but the charts look good uh. We had the 15 vomit kind of closing in on the 200 ema, and then buyer stepped right back in push the price back up and we are off to the races right now.

So if i had to predict the next stock that is going to be heavily shorted and heavily short squeezed, it is going to be amc. I'm not going to say it's going to reach triple digits like gme did, but i do think it's entirely possible to see double digits. I think that's extremely possible, so potential entry points. What what might you be looking at right well do better than i did don't get it at 476.? I i definitely am not happy with my entrance here.

I could have done it much better and i always be transparent with you guys, i'm never going to bs. You i'm not going to act like i'm, some god. I make mistakes too. If you can get in at four dollars and 30 cents, i think you're gon na do extremely extremely well with amc.

All i had to work with was the pre market, and if we look at the pre-market, i tried to get in at the very bottom of these candle wicks right here, which was right around 4.65. So i set a limit order for uh 480 just to make sure that i could get in and it ended up filling at about four dollars and 75 cents. So that's where i'm sitting right now, um if you can get in at four dollars and 30 cents somewhere between there and 440. I think you're gon na do extremely well uh just watch for some sort of pullback.

If it happens, if not, if you see an absolute squeeze in crushing of momentum where, where you see it, you can tell that shorts are covering because we're gapping hard right um. That might be an opportunity for you to day trade this, but tread very, very lightly. Right, um, that's going to be a very time, sensitive trade. If you do decide to ride momentum on a trade right, that's not something you want to get caught, holding the bag on.

That's an in and out sort of movement. My game plan with this is a swing trade uh and i would be watching for a hard trend reversal, a hard pullback on the fibonacci like 61.8 percent, and of course, you can always drop this tool yourself. Just by clicking draw fibonacci retracement put it at the base of the run up the peak at the top of the run up and you'll be able to tell very very easily how this looks so correction, not harsh whatsoever. We were 90 on the rsi.

I only corrected down to 56, which is absolutely insane. That's that's! That's pretty incredible! Honestly, i'm telling you this is not a harsh retracement whatsoever. That's very, very indicative of good strength here. So i'm very excited to see what amc does here generally two day.

One minute chart real, quick: let's take a look at some different things on the charts and what i'm seeing most of the day was just tightening a price action. It was consolidating and if we draw up a little bit of a channel, really quick, we can validate this, and this is typically an indication of strong buying presence. Now keep in mind 38 and nearly 100 million shares are floating right now on amc, and that indicates that there's a lot of short interest. So there are people, betting against this stock right now that does increase the overall risk right because shorting the stock will drop.

This the stock price in the short term, but if they hold their stock and buyers, are strong enough. We have strong enough buying presence, which i think we do based on the rsi indicator. On the one month chart. We only correct it to about 55 on the rsi.

We have great consolidation and spring loading and price action right now, and we have a break above this top channel trend line on this wedge formation and that brought us right up here into the 470s and 480s range. I would not be surprised whatsoever to see this touch over five dollars, even in the f, either in the after hours or in the pre market. So a lot of strong buying confirmation here a lot of strong bullish confirmation. Here we've got a nice big fat george w double bottom right there, which is a bullish indicator as well.

We've got one bottom out here, which is actually two small bottom outs. There's one - and here is a second one which slightly stair steps higher. So we've got a george w, the big w for winning, and while we did not see this play out right away, this typically can indicate upcoming buying pressure, and we do see that coming into fruition in the after hours here it looks very bullish. We've got the 15 volume that's starting to gap here over the 200 ema, which looks absolutely phenomenal.

What we're going to be watching for is a push above this level of resistance in the short term, we're gon na watch for a push above four dollars and ninety cents. We do have a couple different touch points here and we had a false breakout above that level. We've got one two three four five, six seven eight different touch points and then a false breakout came back down so push over 490 is likely going to have us. Retest, 5.27, and if we can push over that, the sky's the limit man, i'm telling you right now, shorts are gon na have to cover this it's either.

This is gon na go two ways: either the the sink ships or we start rocketing and uh and shorts cover, and it's gon na squeeze like a the nastiest lemon you've ever seen. That's gon na be some tangy freaking lemonade. That's gon na be pulpy. It's going to be filthy.

Everything about this is looking like a gamestop setup, so i am just very excited for amc i and i'm giving complete credit to dre over the discord. He is the man who brought this to everybody's attention, so drop him. Some whiskey glasses in the comments section down below. I don't think it's too late to get into this watch for a pullback to 4 30.

If it happens, if not ride the momentum, make it a quick flip trade, you're gon na be looking very, very good. So that is 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. And lastly, i do have an affiliate link in the description box down below for weeble.

If you're interested in getting some free stocks for free stocks with 100 deposit i'll also get some free stocks uh, you can check that link out if you're not interested. That's totally fine, i i really don't care. I just appreciate your support by taking the time to watch my videos, so that was what i have for you guys today. Thank you for watching my friends and i will see you all next time.

Peace.