TSLA $700?
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https://www.youtube.com/channel/UCacp5WsukdwsN-nyaYu1RTQ
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What's going on, ladies and gentlemen, good afternoon, sorry, i'm on a little bit later than i expected, but that's pretty much just because i was trying to get my cameras, all situated so not sure what's going on, but both of my cameras aren't working. So i went back to an old hd webcam, so this is what we're going to have to work with for now. So, of course, what we're going to be talking about is amc, we'll touch on tesla and a couple of the penny stocks that kind of moved around today kind of recap: what took place into today's market. So we'll wait a second here until some more people hop onto the stream before we really get going, hey jess how's it going how you doing happy to have you on.
Let me get my glasses here, that's better! That's how things usually are. Give me one second. So yeah today, uh amc was definitely definitely bearish, um it snapped below that support level. We had mentioned this morning on our live stream.
It hasn't quite reached, as far as i thought it could go, but i will say that the price target did update throughout the day, so it wasn't supposed to drop quite as far as we had mentioned during pre-market trading, once the market opened, we got new, updated Prices on that, but give me a second and we'll just get going good morning. What's on roman, what's going on guys, mr sharp miss you here on youtube um, generally speaking, i've been on youtube quite a lot recently yeah. So let's get rocking and rolling um. We will start with our friend amc.
I'm going to drop this down, don't needed that all right. So today, oh almost forgot almost forgot. One second got to get my drawing tools up here else. It's just not going to be quite as much fun.
Okay, there we go so today we had recommended that this price well, it was actually a little lower at the time, so it was like maybe right around there. We recommended that that was the price at which, if amc we got below, we were going to see a bearish day on amc, but by the time the market actually opened, um or right at about market open. The line or the level actually increased in the market. On amc was trading below resistance, so it actually already broke trend um and was really heading north and you can see we tried to spike up in the beginning of the day and then it failed came back below that red line and we've really just seen weakness Down to this blue line, which is the nine-day moving average um.
So when we take a look back here at the longer term charts, it should make things a little bit more clear all right, so you can see that little green line in there okay. So this green line, that's how we that's how we made that red line all right. So this is the trend right here, one second, i'm just going to draw a trend line rather than a horizontal one. So again, this would be the trend at which, if amc kind of broke below it was meant to have a bearish day today, and so when we go zoom in once again, you will see that that was the trend right there and we broke through and we Headed north down to the nine-day moving average now earlier this morning, i had suggested that amc on the bear side could get all the way down to the half deviation price. The half deviation price right now is at 55.08, so you can see the market on amc got all the way down to 55.64. The recommended price target on the way down for the bearish move was all the way down to the half deviation, which is that 5508, but it looks like the amc market decided to support the nine-day moving average here so far, at least on the day. So what does this all mean? It basically means amc did exactly kind of, as we thought it would today, and the only way you're going to continue to force a short squeeze on the stock is by getting the market back up and through this blue line. So the current resistance on amc right now is about 61.54 cents.
I'm trying to re-adjust my charts here. Give me a second yeah. I want to clean things up, so this is what we're looking at now. That blue line is now the current breakout spot right now.
Amc is on support, so, if you're looking to be long biased, this would be kind of your dip buy point here today to try to move the markets back up. Let me take a look at the four-hour chart really quickly yeah. So that's pretty much it. So you can't, you can't have a new breakout on amc until you get the market back up and through the price of 5820s, and then once you do that you'll target back up to excuse me, you would target back up to about 61.50 and then through 61.50 Are going to be going into the 70s okay? I know there's a lot of this a lot of that a lot of this, but that's pretty much everything you need to know about the amc market for right now.
You just came down to slight support today and if the market's successful it needs to break back up over 58, once you get back up over 58, that's where you're going to force a intermediate short squeeze. That will then take you to the price of 61.55 and then once you get to the price of 61.55 you're going to see resistance, and if you can break the resistance, then you should start seeing amc into the high 70s okay whoo. That was fun all right. Now we're going to pop on over to tesla really quickly so for those of you that follow in the morning to the daily live stream.
We mentioned that you should be long, biased, tesla, with the price target of 700. Today, tesla went to 697.62 cents, so we were off of the price target by 2.38 cents today, so ideally, tesla moved from 667 to 697. So, ideally, it met its price target. Now.
The reason that we picked tesla to go to 700 a day is a couple things so for one tesla bottomed, put in a bull flag, the bull flag broke out yesterday. Today was the continuation day of tesla up to 700, which is the short term price target of the market. So what we're seeing right now for tesla is that it probably isn't going to be getting over the price of 726 for now, so pretty much everything from where tesla is at right. Now the 697 up to the 726 dollar price is the current selling zone of the bull flag. So this bottom move that broke out has now entered the first part of its selling target or profit take zone of the bull flag. So therefore, this 700 to 726 is the selling location of this move. So tomorrow, next couple days going into next week, you're probably going to start seeing tesla start going bearish off of this move so next week, what not we'll probably be planning on doing something? A little bearish on tesla as we get up higher, maybe towards 726.. I would like to see 726 because that would be awesome and it would be more low risk to enter bearish around 726 than would it be 700 because you still have a 26 dollar potential move up to 726.
So if you got short at 700, you still have a 26 dollar potential risk on the upside. So therefore, slightly risky trying to be short right now still want to see how the market plays out approaching 7.26, and that's pretty much all. I need to know on tesla uh. Let me see we got going.
There was something else i want to talk about. Clove. Was it clove? No mrin wait. Was it clove? I think it was so our buddy old pal clove, so clove has been a popular one.
Recently, obviously because it went through that big boom and then it sold off and it's had a kind of a couple day run here, so a lot of interest has come back in the stock. So we're getting a lot of questions about this one. Yesterday about this one to today, and so the recommendation for hold on, let me delete the old drawings and then we'll get going on this guy on there you go so again. The recommended um approach for uh clove was that you didn't want to be anything more long bias the stock today and yesterday over the prices of 15 and 40 cents, and so we recommended from yesterday into today that pretty much starting from 1450 to 1530 to 1540 Was your selling location and you wanted to start selling the stock into this zone and expecting that clove was going to start getting bearish today and going into maybe tomorrow in next couple days or so on.
So right now we're not long by his clove we're bearish clove and we traded clove bearish. Today we were short from up here and pretty much traded it down for most of the day. So right now we're bearish on clove expecting that you're going to see bearish trading over the next couple weeks and the reason being is just simply because this is a counter trend - bounce okay, we spiked up to over, bought. We came down to a support.
We bounced up. This is a counter trend bounce. So generally the markets are going to try to sell it back down until it finds support and the bulls are able to hold a higher low. So, for now we are back to being bearish on clove and what we're watching for next is for the market to break through its half deviation support you see where the bottom of the day for clove is located. It's located right on the half, deviation price point. So we know that this is now support going forward and as the markets shift through about 1340, we should see a move on clove down to 1236 etc, which would be a drop of about a dollar whoo. All right that's most of what i wanted to talk about. There's a couple other things i wanted to touch on, but now we're going to get to rock and roll, and some of you guys questions tesla.
Should we refer to the april chart for guidance kkp? Considering i already went over uh tesla. You should do pretty much what i just talked about in this video. If we're really really, i will say this if we're extremely lucky on tesla you're gon na see a price target of 788, but that's probably not going to happen. It's probably going to sell down from the 700 to 726, as i already mentioned, so just follow that and you should do just fine dandy.
What can give you confidence on the long side? Um pattern recognition, candlestick formation, um, you know ttm rsi momentum, indicators, macd, potentially so there's a bunch of things that you can use to try to give yourself extra confidence and a move most of your confidence or best confidence would always come from just experience and time In the market that's going to be the best, so the only way to get there is just by continuing and continuing and continuing. But for now i'd say practice with what's called ttm squeeze or macd is, is a decent one and those are really just meant to be there after you've already taken a position, and you want to you want validation on your original thoughts, so you're, not necessarily using Ttm and macd, and all these other indicators to take a position but more or less to again validate for yourself after you've already taken a position uh, you have trch at 135 shares at 535., so you have trch 100 shares down at 5 35. So i will. We actually traded trch today as well, but our positions were short positions.
They were bearish positions, so let me delete these old drawings and we'll get rocking and rolling here on mr tr3h, okay, so trch you see this green line. That is uh. The plus two deviation mark, so you can see that the day, let me zoom in so you see the plus two deviation, which is this green line. All right, you can see that's exactly where the top of today's market's at uh, it literally to the penny.
Well, it wasn't exactly it might have been. I don't think it was exactly to the penny earlier, but it's adjusted a little bit um, but you can see it's pretty much right on the money and then we go to the four hour chart and when we get to the four hour chart you're gon na See that there is a half deviation price, it's really hard to see, but this dotted line in here that's a half deviation price. So, ideally, today, when trch popped all the way up to uh it's high a day around 570ish. Let me extend that left. So when the markets popped up to about 570, this was identified or we knew that this was the plus two resistance. So therefore we ended up taking a short position here and pretty much wrote it all the way down to that bottom. So that was our play. Going short into the resistance and covering that drop right there um, so you have an ownership at 5 35, which means, i don't think it's good enough, because again, this is what appears to be a downtrending market.
Now, if you get lucky sure it comes back up, but again we came from overbought, we crashed down, we bounced back up to resistance, and so far the market is selling it down, and so i want to trust the downtrend. For now there is also a gap to fill down here and a gap to fill here also there's a gap to fill here, but that probably has to do with their announcement of an offering and so on so forth. So right now we're still bearish overall the stock trch, and i would not be surprised if, in the future we even see prices of three dollars um, not that i'm saying it's going to happen, but there would be nothing complete there, there'd be nothing wrong with seeing A price target of you know three dollars or like 330, because that's just a long-term trend average, so nothing wrong with seeing it down a little bit more but bearish on trch myself reloading time, hello buy atos for quick profits. Really, yes, atos did go up more.
Today this was a stock somebody asked about the other day and i'm like i kind of bearish myself, but still went up, but anyways still bearish, um myself. You know only because i know we're in the overbought level, so we're still bearish overall short term. I mean it really was short-term bullish, but bearish overall and however, you want to think about it, but we are expecting selling pressure sooner than later back in here on atos. It could be wrong, but most likely you're going to see ats start to sell off soon amd a hundred dollars.
Soon, let's take a gander. Um potentially the current breakout move does not suggest a hundred dollars, but right now, maybe like 91 to 92, so yeah. I would think - maybe you know if, if i were trying to get it to 100, i wouldn't try. I would go for 91.92 because that would be a more realistic target, given the market structure um but yeah.
Ideally amd has hit our price target that we recommended a couple last week. Last week we recommended you should be trying to get amd into this zone and you successfully got amd to that zone. So, there's a good chance, we'll see a little selling pressure, potentially um, but nonetheless, what you're hoping for here is amd to get up and through the regression trend and when it dubs that's, what's going to cause a pop move that could bring you up back towards 91S to 92s, so right now, your resistance level that, basically you need to get through, is like 88 any thoughts on uw mcmc. So far, the uwmc is a downtrending market. Since its existence, we have been in a downtrend uh. So for now i am kind of more bearish expecting maybe the prices that return back down. I don't follow this all that often, but i'm going to just have to stick on the side of the trend which we're currently in and that is down. And since we are in the high side of a downtrend, i would expect selling pressure is going to try to keep bringing that market downwards, as we've been seeing price targets down, if i'm right, yeah, maybe back to like 8 36 and if i'm wrong, then you're.
Looking for the market to get back over 983 so again, my expectation is down towards 848.40, but if i'm wrong right, if i were short, i would get squeezed over 980. get it. So if you really want to be long, you need to take back and want to win back the control of the 980., so i'm bearish down to 840, but you on the both sides need to get back up over 980. edith, puffy happy birthday, edith puffy, i'm Not exactly sure how you say that, but happy birthday to you, i hope that uh, it's a good day.
It's always a good day, but hopefully people give you a bunch of bunch of stuff and you make them work for you enslave for you, because it's your birthday is anybody watching trch nope, not anymore, am i saying 726 because it's a half deviation. No i'm saying 726 because that is the long term regression level any thoughts on moxc. Now i did see moxc earlier and my assumption is that it's probably back to slightly overbought yep, so moxc is back to what we would assume is an overbought location. But that's a strong trend and that's a strong trend, the type of trend that i would not be willing to sell into so, even though i know we're in an overbought level for the time being the trend's too strong to try to bet opposite.
So i do think we're going to stay trading up in the high zone and maybe grinding higher. And if we are to come down out of this high buying zone, it's going to be a sluggish pullback or it's going to be a little bit slower because the trend's been so strong up. I don't think the bulls will be willing to give in so easily. So this is something where i don't expect a very fast crash.
I would expect a slower grind down or just consolidation in the plus three to plus two deviation zone, which then could lead the market higher after the trend goes higher. Nobody knows what i'm talking about. So that's fine, but what i just said expr that could be fun because i haven't seen expr for quite some time: huh wow. That is pretty surprising.
This literally looks like the same exact setup on uh, almost same exact setup on amc. Look at the comparison when it was down here, so let's do that ready. Let's look at uh holy finger. Swim is just garbage, sometimes okay.
Well, this is just just dog think or swim. So anyways we're not gon na really have to worry about that. So back to expr alrighty, so this has a very similar formation to that of amc. The last time amc actually broke out so expr, theoretically from a technical, ranging perspective really isn't overbought until it gets up to about nine bucks right now, it's slightly over the average, which is right here, your current resistance that you're basically running into right. Now, where you should expect that the market is going to sell down a little bit is at 5.99, so one second yeah you should you should expect that expr has got a little resistance right here at about 599, it's going to keep it or slow it down, And if you can get above this and break out, then you'll probably target somewhere up to 679. So current resistance, like i said, 599 six dollars for the time being, you're not going to see much more long bias movement, probably for the day or two much more. Until you get through six bucks, uh watermark of the current symbol on your chart, no, not really i mean i could do something, but it's up there in the top left. So if you just look in the top left with 1080p, you should be able to see it there every time um, mr montero, possibly regarding your amd question swbi how connor um, i'm not sure what you mean in regards to the how um uh yeah, i don't.
I don't know exactly what you mean by that, but yeah. This is kind of similar to moxc, in the sense that this is a strong trend and it's in an overbought location. So i would not be so. I would not be buying long, but the trends too strong to be short for the time being too, all right.
So again, if you're, if you're long swbi like maybe holding, is, is your approach there, but i'm i wouldn't be adding uh too much more to the position as that gets into those high prices um reloading time. Yeah the course does cover a lot of this, not as much as you see here in live streams at times, but it does cover quite a bit, there's still, of course, a ton of stuff. I have to add to it that i've really just been slacking on for a long time. Uh david nice job yeah that dip two months ago, nasdaq you just sold, i mean who cares? You got a good return, wait for the next correction and pretty much just do the same thing right.
That's literally it you just you'll just end up doing the same thing. So you know this is a situation where yeah, it might continue higher kind of sucks, but you just let other people force the market up for you right when you get in low, then you just kind of sit and let other people continue to buy the stocks At outrageously high prices and force it up for you, you shouldn't be the one doing it for yourself at that point, so i think that's a great approach that you took will apple bounce back up or is it crashing um? So i want to say that when i switch this time frame to the daily chart, time frame, you're going to see that am or apple is currently trading down off of its regression level. I wan na say i could be wrong about that. It could be a plus one deviation, but when we switch this time frame, we will come to the conclusion that this current top slash red selling you're, seeing with amc, is in fact a long-term statistical trend that we pointed out just a couple days ago or last Week so this was probably our selling target for our for apple, so let's switch it to the daily chart. Okay, and so you will notice when we switch to the daily chart, what exists, just above the current price of apple, a regression trend, which was the recommended price target of this breakout in that long. So you have now achieved the price target on apple. For this current long swing, you're most likely to see a little bit of selling pressure occur unless the stock market keeps ripping into all-time highs. And then you might see it kind of chug to the upside a little bit, but the best way to put it is for those that were long in this bottom in trading up this move in that breakout, let me rephrase that the institution, the computer systems, the Algorithms, that move markets from this whole scenario - the projected long was to that price.
So it's not necessarily connor me who is selling, but it's more or less the algorithms institutions, hedge funds, smart money is going to be unloading, some of their size that they took on from this low dip, as they retrace the market back to the statistical average, because This was seen as value. This is seen as normal okay. So if gas prices are normally three dollars and then next week it drops down to 250, it would be smart to buy some before it goes back to three. Hence that trend line.
Okay, there you have a apple uh, i don't have a p.o box. No, i do not, but i have plenty of webcams. You don't need to say. I have two cameras, but really what i think it is.
I think it's the elgato cam link that keeps breaking. That's causing the issue, which is an additional piece you get to plug into your computer or your pc, to connect to a dslr camera to turn a nicer couple. Thousand dollar camera, not mine's on a couple thousand six hundred bucks. But you know like a sony, a7 sony, a6.
You know or a canon um. You know you can turn those into a webcam by using an additional piece of tack that you plug into your computer. I think that's what's breaking or maybe it needs an updated driver. I'm really not quite sure, but always seems to have issues webcams always work.
Perfect, though, do i think the current bull run. Uh will continue yes, for the time being, the current bull run will continue the way. I see it that i you know, and this was my prediction we'll see if it comes true around this this time - and i think it's really, the prediction that everyone already knows is is really: when the federal reserve stops buying bonds starts unwinding their seven to almost Eight trillion dollar balance sheet as they raise interest rates. Money becomes expensive. People stop borrowing as much because money becomes expensive. Then we're gon na see um a more negative market. It would make sense uh. So i think that's pretty much just what the whole world's waiting on you know in in.
Let's say that that is 100 entirely correct. The guy in charge can't just be like oh yeah. Well when we start unwinding our balance sheet, everything's gon na sell off. Well then, what's gon na happen right, so the people that have their finger on the button can't and know what's gon na happen can't actually tell you it's gon na happen, because then it's just gon na make it happen because of panic and fear.
So it's kind of the same thing like if the the they's or the higher ups knew that the world was gon na end. None of you guys would know about it until like the day of or like maybe a week of, so that they don't cause too much panic and fear. So that's the same way. The market works.
That's the same way. This is going to work again. The days the higher-ups that run things they can know when something's probably going to happen or the cracks in the system are there and they're going to fall apart, but you're not going to know it until it's already happened. It's too late, because by design that's the way the game is and always will be.
Okay, there is a stock x y f. That's currently, maybe popping, let's see what's going on there. So this is a great example. Remember how i always talk about like blah blah blah when they get overbought to like the blue and the purple.
You want to sell them. Well, look: what happened the stocks sold down, but this stock was so strong that everybody selling it here or betting short wasn't right and they caused the squeeze. You get it right, so it's not that they can't go through these levels. It's that just generally.
These are the levels you want to sell at and there are going to be moments where you shouldn't have actually sold a stock, and then you get short squeezed. But if you were to go and look back historically speaking, more often times than not, when the stock reaches these prices, it will end up selling down whether it's a big one, a medium one, a little one or a tiny one. You're always gon na get some selling pressure there. It's just it's basically like just it.
Just just happens it. It just does so just trust that it does, and you're gon na be much happier with yourself thoughts on the bitcoin dominance chart. I have no idea, i don't even know if i can view that on here, but let's take a look, nope can't so, okay i'll, be there wait. Let's take a look at bitcoin.
Okay, nothing! Really crazy! Uh! Do i trade biotech stocks yeah probably from time to time, but it's not something like i just like gear up, and you know, put my helmet on and go to war trying to do but yeah, obviously, of course, from time to time it happens, oh yeah. This would be a good time to take a look at orph, because we did tell you exactly. You know it's it's. You know it's. It is kind of remarkable at times, because today, on orph pretty much what we said was you know there is a gap to fill here and the only way the gap in the market is going to fill is if you can break the stock or ph up. Above pretty much like nine dollars, because that's where its regression trend was so. The recommendation today was to only be long bias orph. If you can successfully break through nine, otherwise you're going to want to stay bearish as it runs into resistance, and so far the market has gone down, and so that was our so really a better way of putting it was.
This was the recommended selling zone of the market on orph today, with this here being the beginning, so that was your beginning selling price levels and then this would be like your top tick, most low risk selling level. So pretty much we're just neutral to bearish on orph at this point, um yeah, so i mean here's at the end of the day. I think it's i don't know as much as other people doing the whole topic of the situation, but regarding blockchain, but you know what the big topic of discussion there is that you know blockchain can handle pretty much all the transactions. I guess, if you're talking in relation to the stock market too, but blockchains can more efficiently faster cost, effectively pretty much handle and do all the transactions on the blockchain that any sort of institution banking system and pretty much anything digitally, does and more efficient and more Secure, that's really the whole debate here so um.
To answer your question, i think yes, i think if everything regarding the stock market and transactions does go through the blockchain, then there is going to be more transparency, and that is pretty straightforward. That and that again is only relation to what the technology is supposed to be so yeah all things even apples to apples yeah. I think it would be a great move. Do you use the trade ideas bot for your personal trades nope? I do not.
No. I use trade ideas scanners to kind of show me things that are moving in the market, but then i'm the one who goes through and does all the analysis and figures out exactly where these things are supposed to stop generally go to, and so on i swear. I have yet i till this day i have i i have yet to find anything that is more accurate, so if, if there's any of you guys watching this stream, that knows something else that i don't that's more accurate. Please let me know, because i would just like right am i am i crazy or what you know.
You know first letting everyone know well, it was. It was really 700. We got to 697, but it's like even from two days ago. This was the potential price target, so it's like. How do you know like i haven't, found anything, that's more accurate, i'm picking up here. How do you pick a seventy dollar price target of the day boom right? How do you do that? You know how do you go over to orph right? How do you go to orph and be like before market open? That's the resistance, and it literally runs up over the pre-market high pushes to that level and then stops right at it right. How do you go about? You know, looking at clove and saying it's going to sell here and it's going to sell there pretty much to the penny. So again i haven't found anything that's remotely.
Even close, it was accurate as this. So if anybody knows something else, let me know, could you look at dbgi yeah? That was the thing that popped up earlier regarding amazon marketplace, i didn't do any trading on it. It went to an overbought location and it's sold down figures. Yeah um kind of you know um.
So pretty sure this is the overbought location, so we squeezed above it and you can see we sold down back to it. So when we go back and do the analysis right or if we were to just delete all these drawings on the chart just like watch this ready, like you know, i don't know if anybody smokes weed here or any of that good stuff. But you know if you guys like to get blown you're, not even gon na, have to smoke here, because your mind's about to just be blown naturally, when i show you this um. So let's delete all this right.
We delete everything off the chart and so now we're just looking at the stock dbgi. It's like oh hum, diddly, dumb, open squeeze. Bang bang right does a bunch of crazy and you're like how do i make any sense of this it stops here. It gaps squeezes up, candle comes down to here, goes bing, bang boom, slams.
All the way down to here ready watch this watch. What happens when we put these levels on the chart? Okay, we're gon na go to the daily chart, we're gon na zoom in okay. I'm just gon na use a horizontal level boom, there's one there, so we go to there and i'm gon na add just like all of them just in case, so i don't waste time in case i had to go back so we're gon na. Do that one! We're gon na do this one and we're just gon na stick with the solids for now and then, if we have to use the halves, then we'll use the halves all right.
So we do bang bang boom. We go back to this time frame and we're gon na go like buying buying boom hit one there and then we're gon na hit one here and as soon as we go back to the one minute chart you're going to come to the realization that every significant Shift in volume and breakout and retest all happens right at those levels i put on the chart. Okay, so look: what happens as the market runs up to about those red lines and and again the markets moved since then. So this was slightly more accurate before all right, so you can see the market moves up to these red lines, which is a key breakout level halts. Then it gaps over and then you can see and at the time these red lines were actually down a little lower. But you can see the market comes down. Hits these red lines bounces, all the way back up, gets overbought and then, when it slams down. Where does it go back to? It goes back to those red lines, and then it bounces where to back to this one back down to those red lines back up just over this red line back down to those red lines.
So what it's doing right now is basically just trading in between long term trends. That's all this market is doing. You can see it's holding resistance here, so most of the interaction you're seeing is basically taking place on those long term levels. So again, the only way this market here breaks out more is by getting up and through that price, which is extremely overbought already all righty.
Let's move on to gamestop, i mean literally, i could do this all day, though i'm not when i say i could do this all day. I mean it doesn't matter any stock. You tell me to take a pick at i'll, probably have a price target for you. All righty, let's take a gander game stops yeah gamestop, still the same situation right now.
You have gamestop it's just barely over trending support, so pretty much. The support of the market on gamestop is 209. If gamestop successfully moves through 209 you're going to start to see, bearish trading but 209 is currently as a support. So as it comes down to 209 again or close to you're, probably going to see buying.
But when you have realized the buying is not working, then the momentum shifts down um, so yeah right now, game stops just in a dip with current support of 209 and a potential long target of 244.. Now again, even the pretty much game stops trading like even while amc has been going up, so it does appear like gamestop, for the time being, is really losing its momentum, so we're not extremely long biases stock. For the time being, it's pretty much neutral to slightly bearish. Just for the time being.
Hmm. What else shall we talk about? Friends? Um? Oh, oh, this is a good one, mri! It's funny! You just said top choice group. You just said: can you please look at mrn and i'm going over to mrn right now, which is kind of ironic, okay, so uh mrin, i was short on today. Got my ass kicked on it originally, then i brought the trade back down to like red only like 50 bucks, so i was negative seventeen hundred dollars a day and then i ended up finishing the day at 728 dollars green.
So i had a big red on this and that it ended up working um, so we'll go over that so took some trades on it earlier. Let me delete. I got to delete all this stuff, but before i delete it, pretty much know that this red line, pre-market, we said, was the at most you know hold on. I don't want to do it like that.
That's just garbage so yeah, this red line. So before i delete them, this red line during our pre-market live stream. That happens pretty much every day. 8. 30 a.m. This was re-recommended as her at most long target on the day. I think i spell all that correctly. So this red line, pre-market trading, was recommended as your at most long target.
On the day, you will see that the market in fact went through the red line, but then shortly after crash down and then you'll see that it spiked back up and you had multiple candle wicks all testing exactly on that red line. Just before a big old got dropped on your chest and then another big that one got dropped in your living room floor, not a good time, so that was recommended as the atmos long target on the day, um. So pretty much. I ended up entering a short here pre-market trying to get us to break down the price targets which were like down here to down here.
I got squeezed so took off a small loss and then i re-entered short on it like somewhere. I think up here. I really don't remember, or was it down here, hmm or wait? No, i entered short, that's right. I entered short here down here and i held all the way through the squeeze and i knew we would run into resistance here.
I felt comfortable. So then it was holding all the way through the downswing until we met these white dotted lines to these red lines, and then i covered my short into that bottom. So that's what's going on with mri mrin, so pretty much, i'm not long, biased it and i'm no longer extremely short, biased it and really. The reason is because we went from the overbought level, so we went all the way up to overbought levels and then we sold all the way down to support right.
So basically, overbought sell it down until it reaches support, et cetera, et cetera, so mrn we're slightly bearish on for the time being, if you're lucky, it continues to keep moving. But what i'm thinking we're probably going to see is some resistance on mrin pretty soon, if not like just now, because when i zoom in you will see that mrin today has bounced back up to this blue line so pretty much. What this means is the market entered an overbought location. The shorts myself included, got squeezed out in the short term over resistance.
The selling pressure is strong enough to bring it back down below the blue line. So now the bears are back winning and this is a counter trend, bounce and a downtrend. That's coming back up to the long term resistance and as it gets towards that blue line, you should see the market on the intraday chart start to sell down back toward back going lower towards the afternoon session, and i should also check this time frame before. I.
Don't and like something dumb happens, so we traded back up right and so yes, then, the current support is here. So you have like this tiny little zone that this market's probably going to trade in as a determining factor for next movement, so that is um extend left. So the current resistance is like right here, so i would expect that this move is getting ready to pull back we're, not we're not allowed to get more likes. The youtube algo doesn't like the likes. No, but seriously. If you guys could do me a favor go tickle the like button really quickly. It does help out dramatically so uh, or at least i think it does so far. I haven't really seen any help from it, but i don't know everybody else says you got ta hit the like button, it does wonders, but doesn't really seem to do a whole lot for us anyways by the way make sure to hit the notification bell and the Subscribe button and if you are subscribed to the channel, already make sure to double check back in every couple weeks as we've had multiple people tell me that youtube has unsubscribed them from the channel.
Why that happens? We're not quite sure. So! No, i don't personally well. I do teach the course, but it's just an outline. Oh look at what's happening to our friend mrin, so sad, so sad.
How did we know it was gon na sell down it's supposed to be a mystery? Isn't it but it's not um! Oh yeah! So remember rblx that was a stock. Just like the other day. We said you should watch long and then i bought a little bit of it on robinhood, um, so yeah i think it was was that yesterday that might have been yesterday. I think it was like right here like yeah.
You should watch that long, it's probably gon na go up. I think we might have met the price target that we were talking about, but i'll double check, so the price target for the rblx move that we suggested just yesterday was a move back up to 88 dollars to 89. So pretty much there's a little bit more upside for rblx, probably okay, to hold it another day, probably looking for the increase up to these prices over the next day or two pilot greg standard deviation to answer your question: atos stock, please momentum's, currently on the up, But you're in an overbought location, which is extremely high risk to own as a swing trade position or a holding position, and i'm going to stick to that, even though i might be wrong about this one only because i mentioned it last time on clove, i mentioned It doesn't even matter i've mentioned like the last 10 stocks that have gotten overbought like this and had oh trch mrin would now be one of them clove, but pretty much all of those recent boomers that went crazy high i mentioned they're overbought and by owning or Having an average per share price over three deviations will almost guarantee you a loss. Every time has held true the last five times in a row, so this time i'll say if you're trading or buying atos, you want your average to be below the long term, plus three deviation mark or you're almost going to guarantee yourself a loss in the near-term Future, yes, we covered clove.
Today, clove is pretty much bearish. We covered it this morning, pre-market and um, pretty much said to be bearish and you should sell the stock and in short, so it's still bearish she's still a little bear, not a big bear. Just a little by hair, we talked about t-a-l. I don't remember what we said, but when i see it then i'll probably remember so. Let's see this one. So this was a down trending stock. Yes, i have price levels all the way up there, but why? I don't know why i would have put those there um. Yes, so tal has put in a divergence, it's more bullish than bearish currently in this downtrend.
So i would be optimistic on the long, but i myself am not extremely crazy about it. I mean, i think it can still have a good long move. Yes, but again, i just know that if i took 10 seconds out of my day and i went and typed in a bunch of random alphabetical letters into the search bar of thinkorswim, i will eventually come across a stock. That's up trending, rather than down trending.
That could maybe provide an easier long opportunity. So if you know after five, if after the next hour, you can't muster up some other stock that might appear to look better, then sure, maybe you go with tal, but what i would say it has going for. It is just the fact that it's sold off so much it's coming, it's become sort of a value buy, but let me check the long long long term charts holy yeah um, it does look appealing. Does it not uh, based on the long long long term, chart the 20-year chart? Theoretically, this has room all the way back up to 53 bucks.
So if we go 20 years out something like that again, i have no clue why they're down so much this one's kind of a hard judge for me. That's why i can't you know i can't really say for sure on it not as confident yeah that maybe that's what i said um. Well, let me just go back so basically let me put it this way. Any time a stock comes into a strong deviation.
You generally are going to trade away, so though i may not have said long at a time, it's probably because i just don't like it overall as a long, but doesn't mean there's not going to be a long move. So that being said, if you had wanted to regardless of what i thought or said on tal, if you wanted to be long, biased, tal within like a very short past week, you should have already been buying it off of this red line. Okay, that's if you wanted to be long. This is where you should have already been buying: okay, same concept like tesla, here, okay, so with tesla.
If we want to be bearish right, ideally, we want to start being bearish, hopefully office 726. So as the markets hold on so as the markets start to touch that trend, that's where we want to start taking position shorts because it generally is going to provide some very low risk opportunity. So tal has already started its long move. The lowest risk support has already been bought on so unless this goes into another low, you already missed the bottom theoretically, but it does look okay within a long term downtrend and it's super sold off. So i could see a need for that to recover. Can you check a h t sure, but why all right so really quickly look at where the bottom of the market is on aht? Do you notice anything interesting? I will wait. No, i won't because that's just going to take too much time, y'all slow as hail. So aht bottom on the plus one dv asian target up is probably to this half deviation, which is at like five, something i think hold on for the 154 of you on here.
I appreciate you, but you all should have hit the like button, so we should already be closer to 158, but then again some of you probably already hit it, so you can't double hit it, but for the ones that haven't take your finger out like this. Just give it a little tickle all right so uh we have the market up to maybe 5 14 on aht to 522. So my projected so really my yeah my atmos target within this little bounce that you're seeing on aht would be up to 510 520. Wouldn't really be trying to get it too much more than that, and also the reason i say that is because what you you might not understand what this line is right now, but this blue, like hash line, that is a long term.
That's just a nine day. Moving average so pretty much. What this means is, this stock has been downtrending and we have just gone back up to the nine-day moving average and that could very well be resistance because it's the trending moving average and since we're below the moving average. It's supposed to be resistance theoretically and that nine-day moving average is slightly below what we have already identified as our selling zone.
So we expect this is the selling zone and the nine-day moving average exists just before it. So in this instance, you might not actually get aht to this target because the 90 moving average might be strong enough to hold it down itself. So we will just expand the selling zone from 509 to 520, which i guess is really what i just said in the first place um now we could build the case that it's gon na go higher than that um. We could build a case.
That's going to go higher than that, so in the event you get extraordinary lucky then you'll see a price target of 587., but if you're just the average, run-of-the-mill guy or girl, you know maybe like a five or a six as most of us are then you're, Probably just gon na have to settle with 509 to 520, okay you're, not a ten, and so don't pretend to be all right, so just put that out there all right. So that being said, you're looking at a five ten five, twenty, like i said, we're usually about a five, if only they knew where my finger was. Oh believe me, with a guy named tron, i know exactly where your fingers at kid. Your name literally sounds like shawang gunk fishing, but who am i to judge so anyways, mr schwengunk fishing um one year day and 180 day four hour chart talk about tesla again, if you have already done so, i'm not gon na go to the tesla charts. So you're, just gon na, have to use my beautiful words and my the sound of my voice to envision the future, and that is tesla's selling target is 700-726, so i'm expecting over the next couple days we're going to see a form of shared distribution from the 700-726, that will then lead to a bearish move that probably takes you back below 700 a bit, it's too hard to say right now, because we kind of need some of that to unfold before we could kind of start picking targets on the bottom as accurately. So let's say next couple days: we're going to start to see selling distribution in the 700-726 and when we start to feel that we're seeing enough of that, then we'll see where the current market structure is to determine more accurate price targets on that sell-off or that Pullback that will most likely occur so you'll, probably just have to tune back in at 8 30 a.m. Every single morning until that happens, hell yeah, mr schwang and my gunk fishing, nothing better than when a large burly man, like yourself, tickles a like button. You know if you're like a teenage kid in high school, that would be really awkward but we're just gon na.
Imagine like i never said that and we're friends so we'll just keep it casual, but you know always like a little tickle from a big guy. All righty, ladies and gentlemen, let's go back and take holy look at tesla, getting absolutely just yanker mcdoodle. This is good stuff. Ladies and gentlemen, i mean we did tell you, the target was 700 and it starts selling at 700..
I didn't know that it was gon na yanker mcdoodle this hard boy, oh boy, so let's go take a peek at this because this is where is getting real, all right, let's find out where this thing's gon na bounce alright, because it's got ta bounce soon. Oh, maybe not, it doesn't got ta do anything. I don't really have a unless i'm wrong and it's on the other time frame which i'll go back and check. Why aren't i in it? I guess the best way to explain that would be because the selling zone on the short side is, from 700 to 726, 726 being the high side of the target, also making that the lowest risk possible entry point of what i imagined to be the selling zone.
So, starting at short at 700, still leaves you with the 26 dollar potential risk to the upside, so it still was just not at a price point that i would feel comfortable taking advantage of yet or maybe i'm still just a little too soon. Um we'll see yeah so anyways, i would imagine a bounce is probably coming pretty soon from this, but i myself yeah, i don't really have, and i say i don't really have sort of any long-term trends that i could go off here, which is generally what i Would like to do um did something just did any news break on this, like elon, really isn't the doge father, maybe uh yeah. I mean pretty much nothing so since i don't really have a long-term support to go off of um. This is where i would try to maybe go off of intraday levels. So right now i don't really have yeah. I would say, like my support level, for a next bounce would be located. Jeez, oh pete, stinker swim. Why can't you just work? So? Yes, with tesla, we would basically just expect that the market would go down.
Well, have a potential bounce like right here. So that's what i would watch for and you can see the market's gotten pretty close to it and we're already starting to see people buying back in so we'll see if it ends up getting there. But this is a situation where this sell-off is just coming down. I don't have any long-term supports that i'm able to target to so everything is basically going off of intraday price action levels and deviation levels, which generally aren't going to be as accurate and as strong as long-term levels, which is a lot of times.
Why people, when they trade, they'll, take a position and then they'll get faked out or they think it's supposed to hold support and then it breaks or they think they have the breakout level. But it's really not, and a lot of that's due to the fact that that individual may or may not be trading off of just individual or uh intraday price levels and what pre-market highs and pre-market lows when in reality the true support is, you know, 20 cents Higher than that or the true support is true, resistance is 30 cents higher and true supports really 40 cents below the pre-market, so they'll be buying long at the pre-market. Looking for support when, in reality it's 40 cents below the pre-market. So then it snaps through pre-market dips down 40 cents.
They close, then it bounces and so on. So i generally always like to do my best at taking the trades off of the long term levels, so yeah pretty solid bounce there. I would not mind seeing it down to 675, but that might just be uh might be too big of an ask. Might just be and look at the look at our volume system right.
So here's another thing that i'm taking a look at is you know in this downtrend. You could see. There's actually there's a couple things here that are interesting. So in this downtrend right, these cams are going down down down down down a lot of red.
A lot of red then it goes to green, but you could see just how much of it was selling how much it was buying. And then, as this is going down, you can see that the selling pressure from this candle to this candle was actually decreasing and then the selling pressure going into this bottom candle really decrease. And then everything is kind of shifted back to green volume.
TSLA $700? HOPE SO because I have a fair amount with an average CPS of $792 !!!