Good morning, ladies and gentlemen, everybody welcome back to another pre-market stream. Sorry, i'm late by about five minutes, but is what it is. So we only got 25 minutes this morning, but we'll do our best to run through everything - that's probably important this morning. So we're definitely going to run over gamestop and amc, as amc appears to have moved down a little bit.

So we'll give some updates on that same thing, with a gamestop. We'll look at fcel because that got smoked for earnings and that's what we recommended was not holding swing long through earnings or so to speak. You have to really decrease the position size just in case because it could be very volatile, um and then we'll take a look at a couple of the penny stocks that move today um. But i would say we're not seeing as much volatility today as we have like the past couple days, so things have gradually slowed down just a little bit here uh this morning in the market it kind of the way it appears so um first thing we'll do Is start with amc, gamestop and so on so forth, um, okay, so uh amc.

I can't remember exactly where we left off. I did a stream yesterday kind of in the afternoon, but i believe yesterday afternoon the recommendation on amc was or what we mentioned was. This was the support, that's what would have to continue holding um anyways, you can see it broke down here. This down here is most likely um a deviation support that just isn't mapped off for right now.

This right here is most likely a deviation resistance. So remember this price point here: look at this price line in the middle: let's delete this go back, look at the longer term chart and then find out what level that is trading that split where we are holding support, crashed and then bounce back two. I think it's either the three deviation or it's the 4d. I'm pretty sure it's three though.

So if we go to the four hour chart here, you'll see that we have. This deviation play or trend right there. So when we go look at, i think and then let's just double check the daily chart. Um, oh and then the daily chart had the bounce, oh.

That was yesterday, though, oh, so i see i see what's going on now so anyways um, i mean you can kind of see it right there. Bounce broke support came back to it, rejected so on so forth, so for right now. Obviously this is resistance, and this is the price point that you'd have to get back up and over to kind of put bears back on defense and the reason i say that is because, in a situation like this, where the market drops hits support and then eventually Breaks down a lot of people sell it short on that break or just people sell in general on that break of support and then, as it comes back and bounces to that level, everybody that stayed long that never sold gets an opportunity to close out at break. Even uh, like like say if this was somebody's, stop loss level um and they were at a loss when the market bounces back to that level.

They get like a chance to get out of break. Even so, then, a lot of times they take advantage of it, and then anybody who is short to stock will look to re-enter short here to reinforce the resistance to keep the trend going down. So it's important that you get the amc market in the immediate back up and over this 48.35 or you should expect that the trend is going to continue down. The recommendation from yesterday also was that amc was most likely going to swing down to the blue.

When we were trading up here once we broke we'd swing down to the blue, so we have done the bearish move and we've started swinging downwards. At this point i mean i'm really not at this point: we're not long, biased, we're, definitely bearish to stock uh amc right now, a couple of reasons. Why still think it has a little bit room to go down before it would even really hold a good enough bounce to want to be extremely bullish on the daily chart, ttm just shifted to dark blue. You can get false signals from ttm.

It's not like the holy grail, so you can get false signals and you'll get a false signal when the buyers support this pullback enough to shift the momentum up is all so for now, based on what's been happening, it's signaling that momentum is starting to be more Down than up which makes sense, the stock's overbought anyways so we're starting to see what appears to be more downward pressure, um starting on the daily chart, so for now just kind of sitting watching waiting, um pretty much. The way i see it is the market on amc will go back down to somewhere in these previous lows of 39 to maybe like 40 42 for right now. If it doesn't do that, the only way i even want to consider being long bias or think that the markets bottomed and is going to run through another short squeeze in this top. Would again if the price of amc got back over like 50 and was holding over 50 right now, okay, so kind of still slightly bearish there on um, i don't want to say slightly bearish, but definitely bearish there on amc for the time being, all righty.

Let me take a look at a couple of questions here good morning guys good morning. I would love to know your analysis on tesla sure i'll, take a look in a sec um. We did not go over gamestop, yet we still have not done any analysis on gamestop for the time being, all right, um yeah, we could talk about ocg a little bit all right. So we'll start here with tesla.

Give me a second so um. Last week i didn't think, wait i don't know for it had to have been yeah. Last week. I think we had mentioned that the market had price targets back up to the 617 to 620 you'll see the market got up just through that and then pulled back.

So right now, i'm kind of like i'm, i'm thinking we're still going to see more like sideways ish trading, not necessarily like big breakouts or big trending moves. I think we'll see like this back and forth kind of movement, at least for right now, um, but i almost let me just double check this other time here, all right, so we had hit resistance. Let me just redo this because it's changed a little bit, so we hit resistance yeah. I kind of think the market on uh, gamestop or sorry uh tesla is going to jump and and try to go back to like 6 14, almost yeah, i'm kind of thinking.

That's that's what it wants to do, but we already did that though that's the other thing is we already did that back here all right. Let me rephrase this differently. Okay, for everyone. That's betting bearers of stock after hitting resistance here, if that move fails, the market will revert back to 613..

Let me rephrase it if this down move fails. The price of tesla will go back to about 6 13 to 6 14. um that that's a better way of saying that, okay. So if the down mover currently continues to fail, you'll see tesla back around 6 13 6 14 for right now, but nothing too like crazy to do there with tesla.

I don't think neo uh neo we mentioned about two and a half weeks ago now, uh neo's price target was 45 dollars in this move, and i don't think it got there though it got close. It got to 44.64 44.86, actually so never mind. It was off by like, but it was also arguably up to like 46, so still about a dollar off or so so work or not work course. But neo has reached its short term price target in the market.

I'm still optimistically bullish to stock, but i don't expect a whole lot of gains to continue for the immediate time if i'm wrong - and it does go up again right now or relatively soon, then you'd still probably be targeting to around 46 bucks for the time being. On neo, but for now i think neo's done a good bounce off this bottom and we might just start to see some slower sideways trading and back and forth movement. Cve huh, let's see what this is. I don't think that's not not a common stock.

I would look at but um bullish, long bias. Um i mean you're, probably like shortly to do a pullback or probably around the corner from some sort of pullback you've been running for a while. I mean i wouldn't really let that scare you overall, the stock is strong, held a really good bull flag here. So i think you should stay on the long side um, but you are into the higher side of its channel.

Therefore, oh yeah yeah yeah, there's a good chance. You have a pullback like starting now now that i switched to this time frame. There was a um, probably like a 60 like a 65 chance, there's going to be a pullback like now, so i would probably be slightly bearish cve for, like maybe the next couple days to week, but on the long term perspective slight, more bullish. Obviously, because trend is up all right, let's go to gamestop.

I haven't actually done any analysis on gamestop, so let's make sure to do that um. So yesterday we had mentioned the resistance of the market on gamestop was going to be 3 17 to 318., actually pre-market. The resistance level was like 3 15, but it changed a little bit throughout the day yesterday, um. So what we mentioned was the resistance zone was like here, these red lines, horizontal ones - and you had to get up and over that price level, in sustaining over that price level, to continue the bullish move on gamestop within the immediate that didn't happen, and you can See the market fell apart, so this is where the bulls were battling.

You can see, look it up up up up up multiple times throughout the day, but the bears were just too strong and they were able to continue forcing that market down. So there was a lot of sellers in this location, but also a lot of people trying to get it up and over that level, just couldn't so those price levels are probably a little off now, but you can see they came from this trend line here and Then there's another one if i switch to a daily chart and this one in there, so that's where we got the resistance from from yesterday. Now i don't know if this has already happened, but given the way that they're pulling back, we would then expect the next lower risk area. To probably be long, would be down around 276.76, but they also reported earnings, so that throws another twist into the mix.

So i don't know if this happened, but yeah the long zone for us would have ideally started being like here. So with that pullback we just saw, i would have identified this as being the long zone for the market, these two red lines here, the same way, i found the resistance up here. That would be the same way that we found the support on the bottom. You'll see the market sold off, it went down to about those red lines.

Bounced came back down to those red lines, bounce dipped below came back to, and then you can see this morning pre-market. We gap down right to those red lines. Bounce now we're back to those red lines. So the way the market is currently positioned is probably you would see more bearish movement as the market shifts below the price point of 274., all right.

So, in the immediate for the bulls, you have to hold the price point of 276 274 on gamestop to keep this market moving up in the immediate um. Otherwise the market can shift momentum and still swing down. Okay, yep also, there's also something else, that's worth mentioning. If you look at this time frame, you'll notice, we have had a slight bearish divergence on the gamestop move, as we've been going into these highs.

That isn't something i recognized until this morning believe it or not. So i was a little late to recognizing that myself, but there was a bearish divergence as you can see that existed here with gamestop's rsi2, all right, let's go over to fcel. So, as you guys know, i was very optimistic of getting to 15 there's, no denying that clearly we can see this has fallen apart over the last two days, so definitely wrong on it reaching 15 100 unfortunate. Now i thought that even after we started pulling back was yesterday so wednesday, even after we started pulling back, we would still see this hold up and then grind up later, but the earnings came out and they had a surprise miss on revenue and their earnings were Lower than expected, and whatever other stuff, that's mixed into the news, so stock sold down the recommendation was yesterday on fcel.

I was swinging along the recommendation. Was the market had to get through resistance at 1260 for this to turn into a good long move yesterday and if it didn't, then this would be where we closed the position. So we were swing long to see if we could get through resistance since resistance failed. We ended up closing the swing right in the morning, still at a profit, um and then letting it do its downswing for the day um and then also we mentioned not to hold a big position swing along through the earnings, because there was no telling how it Would react, and so far the earnings has taken the stock down from 11 to like 9.79.

So for the time being, we're not swing long anymore. We closed that out yesterday. Remember we're right at the half deviation resistance. So unless that broke, it was a close.

So we closed out, and now there isn't really any big stro support that i could identify um until we get down to about 9 13 to nine thirty six. So something i'm new. Excuse me something: i'm thinking we're gon na see today with fcel is a bearish continuation move. So i might even try to do a little short selling on this today, just a little bit to see if we can get this move down from 980 into the price of 934 to 9, and then once we get there, then we might flip from being short, Biased to a long bias trade trying to support the market so pretty much today on scel, what our game plan would be is bearish down to the price of 930 to 907 ish give or take and then to be more long, biased there and the reason being Is that's going to be the longer term trending support for that market right there? You can see that trend line right there so like the same concept as why this market held resistance at the half deviation same kind of concept.

You know, as we come down to here, we're going to look to try to support it. Going back up. Okay, uh, give me one. Second, a stock on the height of a scanner has just come up.

I don't know if it's anything good though, but that's jumping. Okay, so this is a good real-time example of a penny stock. That's on the move, so we'll stop doing any analysis on some stocks. You guys might have questions on and let's just follow this one in real time.

So if we mark off this price point right here, this trend line - if we mark that you will see that that's where the breakout probably happened, and then you see right now how it's jumping up to this yellow line, there's a good chance, there's going to be A resistance in this area hold on one. Second, let me do it so look what's happening on the one minute chart now you can see how we're tagging it almost to the penny. All right, let's see if this one ends up holding the resistance on the day. So far, the momentum's still strong volume is good.

It's favoring, the upside. But again, if we go down here to this white line and also on a daily chart, you see how the white lines right here now. If we go look at the one minute chart, that's going to be where the stock really starts. Breaking out.

Okay, see that so we get up to here, pull back through and the stock really starts breaking out, and then you can see here at this red line. We're starting to pull back right! Look at that now: let's go back and look at um, the daily chart or the four rower, because that's the one we're using right now. You can see! Look at that candle's coming to that yellow and it's pulling back. So that's because we are one deviation away from the mean it can be a common resistance point: okay.

Now, i'm not sure what the news is on this. Let's see launches med checks, health passport app for ios devices - i don't know what that means, but it's got apple. Ios device sounds legit, so anyways stock meds is currently on the move. Um we're pretty overbought intraday we're not extremely overbought on the long term.

So this is something to keep following on the day and this is going to be the no no zone. So somehow you see the market on meds up into prices of like 8 830 to 750. That's like the extreme no-no zone, okay, um, but anyways we'll continue on. What's with some questions here, oh man, that's a lot of a lot of talk in there uh wow.

Let me get a little sip of coffee uh. That sounds like a great short to me. I'm i'm balls deep in aht. Well, you got to be balls deep in at least one thing in life, so you can't go wrong being an aht right all right.

Let's take a look at all right, so we're going to do we're going to do ocgn. We'll talk about clove, i only have three minutes, so i'm going to go really really fast here, so with ocgn actually traded that this morning. So this morning our trade on ocgn was from here and we sold at that red line. Um, we didn't get the absolute bottom.

I really i didn't recognize it. I didn't see it until it was like here, i'm like. Oh that's a long. Otherwise i would have been buying it down there.

Um so we'll show you this trade, so ocgn ends up crashing. This morning, okay, so we're gon na go to the daily chart when we go to the daily chart. We're gon na look down here at this orange line boom we're gon na put a price level, okay or well. I thought i did now we're gon na.

Do it boom we're gon na go to the four hour chart we're gon na put a price level boom and then we're gon na go back. We're gon na look at the one minute chart. Our long trade was from here to there. So this was the long-term daily chart support.

This was the four-hour support that broke becomes resistance, so essentially, these are two long-term levels. Markets hold all the way down. We bounce from this one back to the next long-term one. That was a trade.

So if i do, this uh chart by chart bring up ocgn we're gon na, go to the daily chart and then we'll bring up the four-hour chart. Uh like that, and then maybe i'll bring up like another chart like right here. Make this a one minute. Ocgn! Oh cjn and we'll scroll this down and we'll zoom in right.

So this level here on the left screen up top that one is the bottom red and the right screen this trendline red one here is this top one. So from the one minute perspective, essentially, we basically just traded from this yellow back up to this yellow and that's what it looks like on the intraday, so we're basically going from slightly oversold to just kind of like back to still over so anyways so ocgn. Nonetheless, it's already done its balance for the morning, we're pretty much done with it um i mean for what's happened today. I think you'll start.

I don't even know what the hell is going to happen, because we already sold down to a good support and then we already bounced back up to a good target resistance, so it's kind of like i don't want to do anything with it. I would rather just let other people decide what the hell they want to do with it, because it doesn't. I can't really make much sense of it now i could give a bunch of what ifs or, if and scenarios, but those really aren't that helpful. So i don't really know what to make of ocgn anymore after we've already traded it set up this morning, um all right.

It's 8 59. uh we're gon na run over clove, okay, so um! I don't want to be, like i told you so, but i kind of want to be, like i told you so so. Can i just say i told you so so that i can say it because i did tell you so so. What did we tell you? So we told you that pretty much, if you had ownership of the company over the prices of like 17 20 dollars, you're pretty much guaranteeing yourself a loss by holding or swinging it that has happened, um we're kind of in a bounce spot.

Now the trend is down so strong. I did. I don't really think you. I don't think it's really going to trade fun, there's, probably not going to be easy trading really fluent movement.

You know it's probably just going to continue trading kind of funky and bearishly down. That's really all i thought now for the bear side move for what i expected would be the pullback and the correction on the stock. We've pretty much done that so the first big bearish move of the stock. It's already happened, so you really shouldn't be expecting you're gon na drop like another ten.

Well, you could but you're not as likely to go drop another ten dollars a share today or something. The big drops probably already happened. Now, you're probably going to go into the slower kind of grind to your movement, but nonetheless, i'm expecting the price of clove to to continue down something logical would would be to see clove all the way back down towards like 12. You know that you know that that would be like logical, um, still still we're kind of overbought yeah we're still overbought on the stock, theoretically um.

So i'm still expecting prices to swing down and there's a great chance. They'll even fill this gap here on the chart of like 16 down to 12., so pretty much price targets down to 12. For me on clove is the way i see it. Oh nice, nice job 16 put lego um, so yeah guys.

That's all i got for you this morning. I appreciate you tuning in. If you can do me, a favor hit the thumbs up button before you head out the door again, it greatly helps me. I appreciate a lot thanks to 10 for your support every single day.

Every single morning might do a little bit of streaming later today, we'll see, but if i do hop jump back on streaming, it'll probably be somewhere around like 12 o'clock. So if you're not busy around then feel free, you can tune back in jump in if you're bored sitting at work, and you don't want to work - that's a great time to listen in so that being said, i will see all you guys on the next video Next stream.