Oh man, this is some crazy stuff. These are unprecedented times in the market, guys uh, i don't know if you, if you're new, to investing if you're a veteran investor watching this video but i'll tell you right now. This kind of thing has never ever ever happened before. We've got so much to unpack here today, uh so buckle in for a good video.

What is up, everybody welcome to trades trades. We have technical analysis and different stocks in the stock market, as well as potential buy, hold or sell opinions on these given stocks. I like your 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 was about 30 000 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 am 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, 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, it really does help support the channel and consider subscribing if you'd like to see more content like this now today rolling up my sleeves for this bad boy, absolutely nuts, we're gon na be giving an update On ticker symbol, amc, amc, entertainment holdings incorporated and, if you're not familiar with, what's going on right now, we're just gon na give you a rundown, i'm going to pull up the uh, the wsb reddit thread and show you what the influence is. That's making this happen, but essentially what is happening is there's a group of hundreds of thousands of people that have just decided to stick it to the big hedge funds and now what does that mean right? Well, these hedge funds uh have a lot of money.

Billions of dollars and they have shorted billions of dollars across a lot of different stocks, primarily gamestop. That is where this whole, this whole deal started it's with gamestop, and we saw this red thread which just blew up out of nowhere called the wall street bets and basically what's happening. Is these wall street bets uh reddit people are finding these stocks that are heavily shorted by hedge funds and they are attacking them, trying to so to speak. Stick it to the man and uh and really put them in the hurt box and make them cover their short positions and lose a lot of money.

Specifically billions of dollars and amc is no exception. I do have a position in the stock just to be completely transparent. I will show you that right now, i'm currently sitting in amc with a dollar cost average of uh 821 2100 shares currently up uh quite a bit in this position. 142.

So pretty solid uh, pretty solid position in amc, but essentially uh a whole bunch of different group of people. What they're doing is they're holding the stock and trying to push this up to the 20s, the 30s, the 40s i've seen people say 100 on this. I'm not a financial advisor, not expert, i'm not giving you financial advice, uh. I don't know if that's going to happen here and i'm not going to say that, but i will say that this is seeing some extreme extreme volatility.

So, as keenan grace would say, if you can't handle the heat stay out of the kitchen, put your money in an index fund, but anyways that's what's happening right now, with amc, noke, naked, ctrm, uh, sundial, side, gme, side, bb side, and that is why we're seeing Such crazy volatility in the market, i'm gon na, make a video talking about what's going on in the market specifically and speak about the volatility that way, those of us who are getting into just normal stocks are regular, plays and are getting absolutely schwack right now we Can give you an understanding of what you should expect, how you can you can capitalize on this opportunity to set yourself up for the future, but for today we're going to cover amc. The technical analysis i'll show you the one month chart as well as the two day. One minute chart. I've got three different indicators pulled up which are the rsi, the relative strength index.

Anything over 70 is overbought. Anything under 30 is oversold, the 200 ema, which is the exponential moving average, and this is just a 200-day moving period valuation trend line and then the 15-day vomit, which is the volume-adjusted moving average. Some brokerage accounts won't offer this. You may need to use the v-wap or the m-a, but this is essentially a average valuation trend line that adjusts accordingly, the overall volume over a 15 day moving period.

So we'll talk about all three of these mean give you both some bullish and bearish indicators. Give you some ideas of where you could potentially buy into this. I do want to say and urge you there's extreme extreme volatility and risk involved with amc. If you buy into the top here uh at 18.

You could very well see this come back down to 11 and you might be sitting down quite a bit in your portfolio, so uh, if you're gon na get into this play just come to know that you're risking a lot of money uh if you didn't get In in the single digits, i did present this stock before it got taken over by wsb. I said hey. I think this has a lot of potential to do something crazy. I think i presented this back when it was in the three and four dollar range and uh.

We did get into this place, so our overall risk here at the channel. If you were able to buy into that back when i presented it, is not extremely high. So we're just going to talk about this. Both microscopically microscopically give you some entry points potential exit points.

This is a very volatile stock, so there's a lot of different things that you can do with amc right now. 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. Thank you guys so much for your support. We are over 600 members strong now, which is absolutely insane to me.

Like a month ago, we were sitting at like 10 members, so i love the growth. I love everybody here and i love this community. They'll 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 here. Chatting questions uh, investing assistance options, trading, stockpot, we've got wsb updates the wall street bets updates, short-term plays mid-term, plays long-term plays back, plays cold stocks, a whole bunch of different industries and sectors for when the craziness in the market does eventually go back to normal and Uh we've got some people in here that make a lot of money.

So we come over here to the weekly earners and learners. Huskers turned 13 in a single day. Dj turned 13 a single day. We've got uh shots made 25 in a single day.

Absolutely insane numbers so if you'd like to be a part of the community, there is a link to the patreon in the description box down below now, if you're not familiar like, i said, uh what's happening right now is wall street bets is posting uh a bunch Of different stuff on reddit threads and saying, hey uh, what we're trying to do right now is: stick it to these hedge funds and make uh make them hurt, and people are buying into this for whatever reason or another and uh i'm just presenting the information to You, as i see it, this is neutral. I am. I am currently in amc as i presented, but amc is one of the plays that is heavily shorted by hedge funds. Now, one thing that i want to show you guys that was brought to my attention today that i think is very interesting and i'm going to scroll up so that i can find this really quick um one second, all right.

So here it is. This is very interesting. I want you guys to see this. Every option for amc has gone deep, itm and shorts are going to have to cover by friday.

Holding amc until friday is literally free money and i'm not i'm not giving you financial advice. I'm just saying what this article says: market makers or mms lost on every single option contract and are going to have to buy tons of shares by closing time on friday. In order to cover their infinite risk shorts, i just went to look at the short interest on robin hood and found out. They placed a restriction on all options expiring.

This friday we were going to squeeze so hard and, if you're not familiar with what a squeeze is essentially what happens is uh shorts. They bet against the stock going down and if a stock does not go down, they sell their shorts at say, uh, five dollars, and instead it goes to where we're sitting at right now is about around 18 19. Well, eventually, they have to buy back their shares and if they have to buy them back at a higher cost. This is what is called a short squeeze.

It pushes the price up to new all-time highs and uh. It's it's gon na. It's what's happening with gamestop. So if we take a look at game, stop look at the price action here.

This is the definition of a short squeeze. It looks like they're getting ready to test new all-time hots. This is absolutely insane crazy stuff. I can't believe that this is going to be a movie someday guys, i'm telling you we've seen the movie about how the uh the house market was getting absolutely scammed in 2008.

Well, i think you're gon na see something very similar come out of this with the stock market. Here, the year 2021 man, we all thought uh, how can 2020 get any weirder or how can how can 2021 be any weirder than 2021? Here we are it's uh. It's some interesting times, but anyways uh, that is a short squeeze, so shorts have to buy back higher than they sold their cost at uh and that difference pushes the stock price up. It's called a short squeeze.

So what are we looking at right now? Well, let's just look at this one month: chart really quick. Let's first take a look at the volume volume is picking up every single day. We saw an insane amount of volume yesterday, the pre-market on amc absolutely absurd, very, very high, which is why we see this very extreme volatility, and one thing that i want you guys to know is the overall red volume going into amc right now is not high People are holding this stock right, so we saw this huge dip yesterday right they went from nearly 20 all the way back down to 11., but look at the overall volume here, 11 million shares red 3 million shares. Red 7.5 million shares read, but that doesn't add up.

Does it not at all? We had 81 million shares traded in a 30 minute window yesterday in green, and that is more than double the overall red volume that we saw in uh in the after hours. That pushed this price down, so what do you think is happening? In my opinion, this is just my opinion. It's market manipulation, people trying to shake uh, shake hands out of amc and, of course, i'm not recommending you buy into this stock. This is just how i'm perceiving the information i'm not telling you to buy into this there's extreme risk involved.

So please don't do as i do. This is not monkey see monkey do, but that's my that's my take on it. That's my speculation. Is this this low volume in the after hours does not add up to this overall drop from 20 all the way back down to 11.? We are seeing a nice push here in the after hours back up to 1825, very near the close at uh.

At the bell, yesterday of 1990, a lot of buying pressure, we made a great jump back up here in the after hours, so that is my my thought process. If i had to guess, there's a whole lot of news articles out right now, the media is going insane about this. I know some brokerage accounts such as td ameritrade, are not allowing people to trade stocks such as amc, gme noke. These stocks are going absolutely insane and have very, very unusual trading patterns right um, so i think this is uh market makers and the bigwigs the media trying to scare people out of the stock and uh and help shorts cover on their losses.

Well, we did see a very strong hold over this level of support right here at 11 and 13 cents. That is a double bounce and, as i like to call on the channel a big fat george w and what is a george w, it's a double bottom. Double bottoms are typically a bullish indicator that can indicate an upcoming run. So how are we going to see this run happen right? Well, if we draw up a level of resistance and just take a quick peek at the price action here, we can see that there's a very, very strong level of resistance right around here we've got one two three four different candle wicks touching at 19.37.

We did have a false break. Yesterday. I did push up rejected very heavily right at uh right at the bell into the after hours. We did come all the way back down to 11 and 13 cents closed a little bit higher.

I think we closed right around uh. Let's take a peek here, uh looks like 1461. and here in the after hours or the pre-market, i should say we are moving very, very nicely right now, so big gap between the 15 volume and 200 ema, even though it was extremely volatile day, which i i Did anticipate happening uh, it has been moving up. Nonetheless, now in my previous video, covering amc, i said: when should you get into this stock and i gave you guys an entry point i said based on fibonacci retracement.

This is most likely where you're going to see a good entry and it was 12.92 now we did dip a little bit below this, but if you were able to buy in at 12.92 cents like i'd uh, like i suggested on the channel uh here in my Previous videos, you should be sitting pretty decently on amc now that does not completely mitigate your risk. There is still extreme risk involved getting into this play, but uh your your overall risk of you know. Walking away without without your money is not as high as it would have been if you bought it near the peak here now, i've been asked a million times. What's the game plan with amc, what should you do uh? This is a play that is 100 dependent on your risk mitigation level and what kind of profit you're looking to turn right.

So i'm still currently holding my position on amc, but i, my dollar cost average is in the single digits. If you bought into this in the fours, the five six sevens, eights uh you're sitting a lot different than people who are buying into this in the double digits, because this is uncharted territory. We've only been a double-digit stock for amc for essentially one day i mean in all reality i think here we we touched eight dollars and 42 cents came all the way back to 25 at a high right here in the at the pre-market yesterday. But this is uncharted territory, so there's extreme extreme risk involved.

Now what if you buy into the 25 range uh? What should you do? Well, you, you have a couple different options. You can you can wait until this read tests. Maybe 1937, you see a price rejection. Take a small loss, wait for a bounce back under to 11 13 and improve your dollar cost average and make those losses back.

That is one option. A second option is, i do personally believe we're gon na see a retest and it pushed through 2580 by friday. That's uh that options article that i showed you guys. That is a big deal.

This means a lot. People are gon na have to cover their short positions, and if this happens on friday, like it is being predicted that is going to be an intense short squeeze and short squeezes can very, very easily double up with stock. So, if we're 25 at that time, when the short squeeze happens, this could be a 50 stock guys, and i mean that at all sincerity, of course, please please, please do your own risk management. This stock is, unlike anything, i've ever presented to you guys on the channel.

There is extreme risk involved, there's a reason that this uh, that the people talking about this are called wall street bets. It's because they're betting against wall street right they're, trying to stick it to these hedge funds and there's risk involved with getting into these plays. So that is what we're looking at right now, um, based on the current price action. I stand by what i said.

A good entry point is somewhere between 11 13 and 12.92. We do have a double bounce off of 11 13.. So if we get a triple bounce, we see it touchdown back here again. That is a good entry point for you to get into the stock.

If you are looking to get into it and just like i said, risk involved, risk involved risk involved very bullish. We do have a very nice tight price action zone if we exclude this huge wick, where we touch 25. We are trading in a pretty tight price window right now and if we push above this trend line, which it looks like we might hear in the pre-market, we could see a pretty violent movement and we are setting higher lows and higher highs. Even though this is an extremely volatile stock, it is still setting higher lows and higher highs.

Nonetheless, and that is reassuring to me that this is still in very bullish territory, even though it's extremely volatile, you have to keep in mind the overall indicators. We are still extremely bullish. We had a little bit of a correction here in the in the regular trading hours and in the pre-market, but in all reality it was not that harsh of a correction. We came down from an rsi of 90 right 93.

All the way down to 44, not that harsh of a correction. So this is not looking that bad amc is still in very bullish territory. It does look like we're actually making a push right now for 20 bucks there. It is 20 20 30..

So, as you can see, amc is going absolutely insane right now, but uh, as i said, that's how we're looking right now on the one month chart so we're gon na change over to the two day and give a little bit of a quick glance at this. Very volatile day up and down movement, the 15 volume crosses under and over the 200 ema very frequently so a battle between the shorts and the longs right we're seeing. If i had to take a guess, a wild guess, we've got this huge, huge, huge, closing red bar volume right here. What could this be? That's 32 million shares traded in a one minute window and it is red.

I personally think this is just speculation. I can't, i can't tell you this for sure. I think these are the hedge funds or the big institutions, big money, guys stepping in and saying okay. This is as high as this is going to go.

We are going to double down on our short position and get you guys to shake out of your hands, and if that is true, this is only going to add to the overall squeeze going into the stock right now, and it is moving very, very hard right. Now so i would not be surprised in the least bit to see this touch 25 at some point today and maybe even push through that and by friday. When those options uh shares, get filled, we could see some pretty pretty insane price action, so uh, very tight consolidation esque day trade very closely between this 11 and 13 cent window and uh pushing up here on this level of resistance right around 20 up and down Throughout the day, you had a lot of opportunity to swing trade this actually, if you wanted to, but as it stands right now, very bullish territory. I do have a position in the stock if you're looking to enter into the stock risk mitigation you're.

Looking at an entry around 11.13 to 12.50, i will update this stock uh per usual for all of you out there holding a position, and i do plan on doing a live stream with amc so that you guys can keep up with the live price action. I will try to do this again today. I did two live streams yesterday for about two hours just to try to help people as much as i can so you can expect that from me again, and that is what i have for the update on amc. So if you enjoyed the video, 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 have an affiliate link in the description box down below for weeble. Now. Weeble is a great brokerage platform that allows you to trade in the extended hours, starting at 4am cst. I can get you ahead of some of these crazy plays uh, and if you do use my link, you can receive four free stocks with a 100 deposit worth up to a couple thousand dollars.

I will also receive a free stock if you're not interested. That's totally fine. I don't really care my friends. I just i'm glad that you're taking the time to watch my videos today now that is what i have for you guys.

Thank you for watching my friends and i'll see you all next time. Peace.