All right gang, you know what we brought back lamp yesterday, but i'm having issues with this freaking green screen stuff. So i'm gon na figure this out, but i'll tell you what it's no freaking coincidence that we brought back lamp in yesterday's video. It attract not only pretty much to a t what i anticipated would happen, but uh got that nice freaking decent six percent day 10 freaking high decent, decent. Let's freaking go baby.

What is up everybody over the trade trades, really freaking talk fast and don't skip class. I'm going to promise might say that i'm going to find your advisor experts so think about it, say the grain of salt, let's get into the video. So today, my friends, my family, my fellow girl, again we've got another freaking, exciting video to talk about here. We had a decent day right, there's an up six percent sort of day, tracking, pretty well so far, keyword being so far right.

I can't guarantee the future by any means, but tracking what i thought would come to fruition with the recent price action. Technical breakout uh potential coming here within the next week or two weeks. I do stand by that statement. I do think you are watching for that same level about that.

Forty, eight dollar and fifty cent level, but we're gon na go over a couple different things here. Right right over the orthotics that i'll show you a small difference in the short interest change that has happened here over the last 24 hours. I'd show you the short sale blind percentage website, but they're actually not updating their information right now. I don't freaking know what that's about, but it is what it is we're gon na have to.

You know skim past that and just get back into the technical analysis and uh walk through what i think could potentially happen the next couple days here, but before we get into that guys, i'm very excited about putting out a new video here. Uh it's gon na. Come out either thursday, friday or saturday uh and it's gon na be about supply and demand based technical analysis, and i actually use this now. I've been implementing it back, tested on a few different stocks uh to get an idea of what this actually does and using this in amc in and of itself is actually a beautiful thing to be able to do, because it helps.

You predict these sort of moves that could potentially happen. So if you want to see that video, it is going to be coming out here, like i said sometime the end of the week, just gon na be about supply and demand based technical analysis and i think you're actually gon na, like it a lot because i Used it - and i have used it for the last couple days here - to make some predictions in terms of white mac actually might come to fruition, which is important, especially if you're playing the derivatives market. So well, you know, let's just get into this bad boy start off here with the ortex data. You know how it freaking goes.

So we saw a slight change here: up 0.29 percent, total short interest, change, 17.29 of the actual free float and the free float. If you're new to the channel, if you're new to amc stock is essentially just the shares that are tradable to the general public, it's just over 500 million shares, which brings you 17.29 of that about 88 million total shares currently sorted into the market based on 85 Percent of the exchange reported that cost to borrow no significant difference, utilization, really no significant difference. I'm gon na pull utilization here, just so that you can see it slightly dropped about point zero, two percent, literally so nothing to write home about, but the same thesis stays as it was before. We want to see that go back up to 100 and trend in the right direction, as it has been for the last couple weeks short still haven't covered their positions right, there's nothing new to say about what is happening there now.

I do think something really uh important to talk about is the momentum behind the stock. Now i could go on and on and on about the actual data here, but there's nothing significant to talk about right. Nothing's really changed here in the last uh 48 hours, 72 hours would ever be last couple training days. It stayed pretty decently consistent and when i say momentum matters it matters and you have it here right now.

I know there were some dark days. You had some tough times from 72 down here to about 29. I felt it. I felt it down on my freaking bones, guys trust me.

I put myself out there every single day to be able to try and give you information on what's happening, and it's hard to come out here and tell people who are bullish on a stock who wants to go up. You think it's going to go down short term right, but i do think it's going to go up here in the short term as we get closer to that 72 dollar level. Now this is actually something pretty fascinating to take a look at. So let me show you this really quick if you were to stretch out this trend line right here right.

What do you see actually happening here on these daily candles? You see that we get a wave of price action and it usually comes back to some sort of bottoming out upside level of support. Now it bounces back and forth between these levels. What you can see here is that, before this major run-up that we got back here up to 20, 25, 20 and 36 cents in the regular market hours right, we went through this weight huge pump up valid out little small pump, valued out huge pump up valued Out this is very tesla-esque and what i mean by that is, if you actually look at the tesla price action, the daily candles. What do you see happen? The very very, very similar moves.

Has nice huge, big, big freaking rips to the upside bam dips back and that's a pretty long, freaking period of time to have just straight red? I mean think about that. That's almost a month period of time where tesla was just right every single day and then it went on and on and on and it's to continue to grow. Tesla was an ever-growing short squeeze. It continued to squeeze up throughout literally over a year.

This isn't even taking into consideration the actual stock plate stock split itself right. So what do you see happening here? That's very similar with amc. It goes through waves, momentum, waves, where you see the momentum come back. The buying pressure come back to 80 percent of the apes out there.

Looking for specific price points to drive it up, they come back the algorithms, the high frequency traders, the the freaking, the hedge funds, the 20 other percent that own the stock they come back. It is a literal, freaking momentum riding wave and you can see that right. It's a rip, a dip, a rip, a dip, a rip, a dip and it's doing it over and over and over and over again and we're in a rip face guys. This is momentum.

This is something to get excited about. This is sort of stuff that you want to be there to watch and you should be that's that's what you're looking at right and that's why i said that. I think you have that 28 bottom. Up being where you see, amc drop, the lowest it's going to get for the time b.

That's a beautiful thing! I stand by the technical analysis that i've given out here yesterday. I think you're gon na watch that for test trend come to fruition again you're, currently on an uptrend and you're, currently back to testing out that 48 level, and i do think it is going to reject off that 48 level. A third time before it gets the break the fourth time and you'll know you'll know for a fact that it won't get that fourth test, because this is what's going to happen. This parabolic freaking move in this uh.

This sort of uh demand zone right here, where typically price would get pushed down to the downside, rejected it'll just have a parabolic move to the upside very, very similar. The volume will spike. You're gon na have call options that start to run in the money. You'll get some gamma squeezing that is going to happen.

If and when you break that 48-50 level. Right before that. Fourth test: that's how you're going to know you won't have to debate it. You won't have to even think about it.

A false breakout will not even be a question, an inkling of a doubt in your mind, because it's just going to have that much freaking momentum. So those are the two things that i see happening right. I think it's going to come up and retest that 48 50 level. I can't tell you if it's tomorrow or two days from now, but i do think it's coming in the very near short microscopic term.

I think it's going to reject. I think it's going to retrace a little bit and continue on this overall upside level of support, so that would bring a retracement back down here to if it was to happen within two days. 42.70. So don't be shocked.

Don't be scared by that. I know that the millions of apes out there who are diamond balling over in the stock they're, not oh jesus, you can tell i shook them. I spit pop second dude. Oh, i tried playing it off.

I tried being cool, but i can't be cool wearing these freaking glasses but anyways. I know you guys aren't worried about that right. The people who are diamond handing this thing quote unquote know the stock price is psychological, and you cannot forget that. I think the most important thing that i can part away from you right now, right outside of technical analysis outside of the things you already know outside of the regular everyday updates, is the conviction behind the trade you got into this trade.

If you picked amc stock, it's not because you're a trader, it's not because you you're trying to day trade. This thing it's not because of xyz xyz xyz, maybe there's a one percent out there. Five percent will even be generous 10, but 90 of people out there. That buy the stock have a reason for it, and you cannot forget that reason because it brought you here.

You cannot forget the reason that brings you anywhere. You go in life. I remember when i got in right. I was freaking swing trading, this stock back in january, and i got liquidated my freaking at the time.

That was almost all the money i had got took from me. Man and it was tough and i was angry. I was angry at the the freaking nonsense that takes place on a day-to-day basis in the stock market just in front of the human eye. That's been ignored forever and ever and ever and ever, and i want to be able to speak out against that.

That's what this freaking thing is about right, don't forget that that's what it is for me make sure you have your conviction when you have tough days. Man come back to that conviction, green days, red days, blue eggs, green eggs, whatever man just don't forget right! That's! What's the most important, you know it's entirely different from being financially responsible, making sure you're eating make sure you're taking care of your family. If the fundamentals of why you got in the trade change, that's a whole different story, but as long as you're taking care of my friends, you know what the game is. You know what the game is.

It's that freaking simple. So all i ask, is you have a plan, you have everything mapped out. You know what you're doing with your stock. You know your price points that you want to buy, that you want to sell.

Have a plan. Remember your, why remember your conviction and that's what i've got for this video, so blah blah blah blah blah blah blah blah blah blah catch you on the next one light zaps, always baby, much love and peace.