What's going on guys welcome back to the channel? What we're going to be doing here is an in-depth analysis of amc, because amc is absolutely killing it today. So what we're going to do is we're going to review the analysis that we mentioned this morning and then talk about what happened to the stock that we didn't plan. For so the first thing we're going to do is we're going to go to the one year day chart and we're also going to go to the 180 day four hour time frame, you're pretty much just going to want to work off of these two time. Frames are going to help you dramatically, so what we had saw today was that the market did double bottom and we should be looking for a price target on amc today to 39 and about 16 cents to the price of well, that's pretty much it.

So you can see if we zoom in you'll get this little white line here. So what i'm doing is. I am mapping off the two most relevant price targets in which i believed amc would get to today. So this morning, 8 30 a.m.

We do this every single day we do a pre-market breakdown of some of the popular stocks, trying to give you guys as best of price targets in which those stocks are going to go to for the day. So today's price target for amc were the prices of 38 to 39 dollars right around those red lines that we just put on the chart. Now you will notice, as the price of amc ends up getting to 38 to 39 dollars. We get a dramatic pullback on the day, all right.

That's because that was the long-term statistical trending resistance for the time on the day, and then you will notice as the day progresses. Amc ends up bouncing and coming back up and through those prices, and then we go through another big breakout. You will also notice look at all the volume that comes into amc as we start to successfully clear through those two red lines. You see a lot of volume pickup and the market here explodes on amc.

So as a recap and a refresher this morning, amc's analysis was to be long, buys a stock looking for at most price targets of 38 to 39. The stock ended up breaking above that, which is pretty spectacular. So i got to say: congratulations to the amc holders and amc traders on the day. Now.

What we're going to do is we're going to give you the new at most long target and also the resistance of the amc market. So with that being said, what we're going to do now is we're going to go back to the one year day chart when we go back to the one-year day chart. What we're doing is we're looking for the next statistical long-term trending resistance, and if you look upwards and keep going up up up up up, you will see this orange line. This orange line comes into uh at about a price of forty seven dollars and twenty five cents.

We will also go to the four hour time frame when we go to the four hour time frame. You'll notice, this white dotted line. This white dotted line is also near uh 47. It's at the price of forty eight dollars and twenty two cents so for right now those price targets of uh excuse me, 47 to 48 20.

That is the current at most long target of this sort of move that we're seeing on amc. So there's a very good chance. You're going to see the market on amc at the price of 47 to 48 by tonight and or by tomorrow, and now, if, in the event, amc does not reach those prices that i just mentioned. It will be because it's for whatever reason, just kind of stays sideways and these two red levels end up decreasing down to the top.

So it's either amc goes to the price targets or the price targets decrease to the current price level. Now, i will say, i think, all said and done: you're going to see amc moving up to 47 to 48 dollars and when we get up to 47 to 48 dollars that will be the market. Retesting long-term trending resistance, as it's bouncing up, which means the market will most likely pull back off those levels. So nonetheless, this little handy dandy box that we're drawing on the screen.

That is your current atmos long target now hold on. Let me change it to a green box. I guess you could say so that is your current atmos long target on the market and when we get into those prices, we're going to be looking to reverse the market short as we first get there so again by tonight and or by tomorrow. If you see the price of amc around that uh 47 to 48 dollar price, it's probably a good time to consider that the market is going to reverse and start going into bearish trading activity.

With that being said, thanks again for tuning in, i will see you guys on the next video and make sure to tune in every single day monday through friday, at 8 30 in the morning, as we do, our pre-market live breakdown. With that being said, i'll see you guys in the next video take care.