Welcome back good morning, everybody thanks again for tuning in, as you know, we're going to be rocking and rolling on amc, gamestop we'll touch on bngo, but today we're probably going to also start shifting gears and talking more about like fcel blnk. Some of these you know, maybe you want to call them. Energy plays future car thing place whatever you want to categorize them as that's fine uh, but we'll talk definitely a little bit about uh a little bit about those guys. Let me just do one thing: real, quick, awesome, alrighty, so first thing we're gon na do is probably start we'll start with bngo this morning, as opposed to uh amc in gamestop all right.

So, let's go over to bngo all right, so bngo this morning has reached 9 20 or hit a high of 9.20. This morning our expected price target move for the stock was going to be from this red line to this red line up here. So our expected move for the market on bng over the past couple weeks was going to be this green box or this price. So our final target in this kind of move for bngo is still up to 960..

We still think it can hit 960 if it doesn't hits 960. Today, that's fine if it doesn't hit 960 at all. That's fine um! So we've pretty much achieved it. You know 90 90 of the way there.

So that's the good news so yeah, let's go um. So that's a good thing now when we go back we'll just look at the long term chart again and do this really quickly, so you can see here it's this trend line that we're going for right there, that's the trend line, so you might be wondering right. This something that i was just talking to with some traders in our chat room. You know you might be asking yourself something like well.

Why didn't it stop at this price right? Why didn't it stop here at this resistance? Right, i mean that's a perfect top. I mean why didn't we come up to there, stop there like? Why did we break out this time? Why did we break above resistance this time and that's because when the markets are moving, it's generally going for a statistical trend as opposed to a previous price action? Top so this previous price action top, you know, isn't as strong a resistance as this trend. So what i mean is if, in the event this trend line up here was lined up down here, then we would have stopped at that previous top. But since the trend line is all the way up here and above that resistance, we break out and target to that trend line back in the past when the market jumped up here on bngo and stopped and came down uh.

That's because the market ran into the trending resistance, so at the time of this up move the trend was here after the sell-off and the bounce and the move starting to go upwards. The trend line was here so market move to here. So that's kind of why a lot of times you'll see stocks, kind of break resistance and then sometimes they'll stop at resistance and you're like well. Why didn't it go this time and a lot of times it has to do with how the long-term trend is kind of set up on the chart.

Sometimes the trend lines up with the previous resistance tops or previous support, bottoms and then other times. The trend line is completely below support and then you'll see the market snap support and go down lower, because it's going to that trend and i'll show you it's in one second and then also stocks break up and go higher over resistance. And then they pull back because they're breaking up to the trend line a lot of times so anyways bngo just know that the long move that we were looking for it pretty much is done. We pretty much did that, so what we wanted was to go long from down here to this trend line.

We've pretty much succeeded, i'm expecting a pullback pretty soon on this um. If we don't get one, that's super super lucky and awesome, but we should start to pull back here. That would be the normal function of the market. No, i don't wan na say normal function on the market.

It's just something that you see more often than the stock just keep ripping up and breaking through, but we hope it keeps ripping and breaking through. That would be cool. So i'm like kind of on the fence of whether or not we start to open up a short position for, like maybe a one or a two day, pull back here around like 10 bucks, 960. 970..

So that's kind of what i'm debating all right, we're going to move forward now, we'll talk about amc a little bit, we'll talk about gamestop a little bit so um. Basically, the market is in a scenario where it's trying to create a lower high and there's a bunch of people trying to keep buying it up. So you know the battle that's going on so generally um i mean what we covered yesterday. I don't know if it was on here, but but generally what happens when a market actually tops? You know it goes through like we said i think yesterday a drop and then a bounce, and then it goes into a new low.

This didn't go into a new low. It created a higher low and started trending back up, so once we start to get through or clear some of the significant points for the past couple trading days, which would pretty much be this entire zone right about here. Once you get up and through that, that's where we're probably going to force another squeeze and the market can probably go back to retest the highs. It's sort of dangerous, though, because the market is trading in a in a price where, when this crashes, i mean there's a lot of a lot of room down, so nonetheless, amc still bullish on it with the way it's been trading, and ideally, what we want to See on the long side right now is the market to get back over prices of about 60 and that should start to force the hands of current short sellers in that market start getting them nervous again and maybe pulling back or creating that momentum.

You want to see all right now, let's pop on over to gamestop gamestop, as mentioned pretty much the whole well yeah, so you guys know: we've been mentioning gamestop once it would break here. You'd probably run up to like the two doesn't matter. Doesn't matter doesn't matter what we said right now, we're still long by his game. Stop.

This is a very bullish formation. Okay stock runs up, pulls back, pushes up pulls back again and then just goes right up into a new high. This was a pretty aggressive pullback here at 288, it pulled back pretty harsh and then it got sucked right back up right back over this previous high top. So there is some strong momentum there in gamestop and something i keep mentioning to traders in our chat room, and you guys is that this um excuse me gamestop still has to.

I can't believe i'm saying this, but gamestop still has up to almost 500 a share. Again before it even can be considered way outside the norm. Okay, so it really could move all the way to 500 again close it by the time it would happen, it would probably be yeah, so it could move all the way back to 500 before it's even overbought, whereas right now amc is overbought and something that we Just started seeing like i think maybe yesterday was gamestop trading more bullishly on its own than amc, whereas for the past couple weeks amc has been leading gamestop, but it's an interesting dynamic shift to see. Now yesterday we saw gamestop leading amc, but amc is way.

Overbought now and gamestop isn't right, so amc, overbought, gamestop isn't now currently and just yesterday, gamestop starts to trade more bullishly than amc. Could that be because the market is just going if the market's just a little too overbought on amc needs to cool off slightly? Who knows, but it's interesting thing we're seeing, i think, gamestop still very bullish at this point with the way things are going. I really wouldn't be surprised if this thing breaks up and it hits 500 bucks. I really wouldn't like i'm really after seeing the first one.

We've held this pop, i was short. This whole move going down till this last bit covered into this drop. I literally covered my short here and then stopped trying to short it. I literally my last short on gamestop was into this move covered once it squeezed back up like that.

I'm like this is feeling kind of squeezy, so either way um right now with gamestop. What i would expect is markets all stay hot here, you're gon na see gamestop back up to the price of 311.. One second yeah you'll see gamestock back to 311. To wait.

Let me just double check this 311 yeah wait: yeah 311 to uh. Sorry, like 310 309., that would be the next target on the upside for me on gamestop. I know it's not like super far away, but to me it seems like today the market's probably going to this area and if we can get through that zone um, it's debatable which which levels we're trading for sure but yeah. If we get through 309 312, then the next target for me is up to 351 and then at that perfect example, remember how i was just saying on bngo.

Sometimes the trend line is above resistance. So then we break the resistance out and sometimes the trend line matches up with the previous resistance. Remember how it's just saying that so look at this line here so remember how i was saying: if we break 310 312, the target would be like 350.. Well, that's this green line.

Look at what look at where the green line's at and then i'm going to extend this left. You see how the green line lines up with almost the exact top of that candle that went up to 351, this doji candle. You see that how the green trend line is almost perfectly lined up with uh that big red doji candle back from like 310 okay, that's what i was saying before is that in this instance, the trend line currently lines up with the previous resistance. So you would most likely see some sort of pulling back and maybe some slight selling pressure occur at 351 as opposed to seeing this break up through 351 right away, but anyways um so again, 310 right now, price target game stop through three threats: three through 12.

Maybe up to the 350s at that point: okay, that's covered um and we're pretty much good to go. I will jump over i'm going to run over clove and then i'm going to keep going on to some energy plays because there's kind of a lot of things. Moving, i want you guys to be aware of um, so we'll go look at clove now, if you look at the news, people are saying this is another reddit thing hold on one second. So if you look at the news, people are talking that this has become a new reddit stock that people like so i'm not on reddit, but if it is awesome who knows right whatever um? That being said, the stock has a 36 percent, like short interest, um on it, so heavily shorted from what we can see the data um.

Now, if you look at the market, it's overbought, so if you were buying clove down here or back here, um like that was that's where the money was at yesterday, we traded clove bearish off resistance to start here and then it kind of blew up and kept Going um, we didn't have the short on when it did that. I don't want to talk it's pointless, but you can see here by this timing. The market has returned back to an overbought location on clove, so same thing with like amc, how amc is set up? You know amc is into the overbought gamestop isn't this is um, so clove has made it back to the overbought location, normal circumstances. You would see the market start to sell down here.

Um, given the whole reddit thing clove this clove that maybe it continues, but if you're going to be trading you're going to be actively investing and clove at these prices in this current moment in time with the way the market's set up, you have to be uh. You have to be more cautious just because you're into a place where the chance of a loss is generally higher than the chance of a win, if you're being long, biased, okay, remember that, where you're currently at now, with the way, it's currently positioned in normal market Circumstances you would have a higher chance of losing than winning by buying it long right now. Okay! So that's what you have to understand so with clove right now. The resistance is the resistance zone was, and is this price point all right? When we go back to the one minute chart, you will see that look.

What happened there? We ran up to it. It had resistance and then it squeezed through. So this was like a short. It was a continued short squeeze.

This was a big rip. This was a resistance top you broke through the resistance and look what happened you kind of went through the squeeze. So as the market was going through those prices, you had this kind of big squeeze and since you've gotten over the the price. So imagine this whole area, this gray box, just just envision - that as being where the market was supposed to top, even though it didn't just think that that is where it was supposed to.

Let's just say it's supposed to top there, and this move out was just a lot of excitement. A lot of euphoria and the market just moved a little bit more or just got ahead of itself a little bit faster than it should have. Everything that's happened since we've gotten through this price zone has been sort of red candle distribution, bringing the market back down to this zone. So i expected going for pre-market and into the open.

We would probably see clove sell down into this zone for the day and it has to make up its mind from that point forward. If you're gon na continue squeezing the market here on clove, you can't let it fall back down below uh 1546, because if you do, then you might start to see more weakness that drags the market back down into its trading range. Remember how we say over the blue is overbought okay, so the blue level is this box. So if the market can't sustain over the blue box, then you're really just going to be bringing the market back down into its normal trading range.

So to continue a squeeze. You would want to keep it over this. Another reason why, if once you get to that price, it's a really good selling opportunity and a lot of people short. It then they're expecting it to go back down below the blue and if you can keep it from going below the blue, then you're going to take out all the people that entered short today right because just today think about it.

Okay, if what i'm telling and what we're saying and what we're doing is true - and this is a good resistance and selling point, then you would think there's going to be a lot of people adding shorts at this price and they're expecting to go back to this Box and they want it, not that they expect they really want it to go below 1550, because going below 1550 would be bringing the clove market back down into its normal trading range things. That typically happen. So if you can keep things, if you can keep things from what typically happen from happening, then you will throw everybody for a curveball on clove anybody who's getting short this morning. Anybody who's taking advantage of this high selling price and trying to add short, to bring it back down below 15.50.

If you keep that from happening, you can really force the hands on existing shorts and currently new short sellers that may have entered that market. This morning i even looked to short it at one point, but then it went from easy to borrow harder bar, i'm like i'm, not gon na spend money on it. So i didn't end up doing it. Okay, lego, so all i got ta say is there's 400 people tuning in.

I appreciate you guys so much. The numbers have been going up increasingly over the past week as i've been more consistent. It's something that i used to do. I used to stream all the time and then i stopped streaming took a little bit of a break, but now we're getting back to more of a consistent structure.

You guys have been rocking and rolling with me each morning. I appreciate that if you go ahead and just take your tongue and lick the like button, i would really appreciate it. Um. I wouldn't really be worried about getting coronavirus.

Don't worry about that. Just take your tongue out, go lick. Your computer make sure it's on the like button and then we'll all be jolly and happy. All right sounds good.

So now, let's jump on over to the energy plays that i wanted to talk about so real quickly. Look at the stock bngo just get a visualization. You know take a picture put it in your memory bank here all right, look at kind of how this is. This has been set up, how it's been moving and how it's broken up to the trend thumbs up, give the old, phil mickelson thumb all righty.

Now, let's go take a look at say like fcel, okay fceo! Does it not look pretty similar? Of course it's not going to move exactly the same yadda yadda, but but pretty similar okay, and for those of you that were on the stream. Yesterday afternoon we had mentioned watching fce along for continuation over what overnight, which it did get continuation overnight and we're still on the bull side of this okay. So if you look at fcel, it's a very, very similar setup to that of bngo and a couple others that i'll show you here in just a second, so nonetheless we're pretty much expecting andor. Looking for sort of the same outcome, i don't think it's going to be nearly as quick as how bngo did, but for the time being, it does appear that the market has bottomed and we've had a very solid bull flag break out here on fcel, and we Still have all the way up to 15.70 to hold on that's wrong.

We still have to 1570 to yeah 15.95, so just basically call it 1570 to 16 before the stock fcel would be back to its typical trading norm. So for right now we are long bias. The market on fcel, the one thing that we're watching closely and really need to happen is for the price of fcel to shift through this zone. So you see that dotted line in here i'll go back right.

So you see this time frame that dotted trend line. Okay, you see this time frame hold on that dotted trendline. It creates a price zone of 1248 to 1254.. That's currently, where we're seeing resistance in the market on fcel this morning.

So that would be the current price that we have to get through to shift the momentum to even consider getting up to well to keep considering getting up to the price of 1570 to 1595, okay and a good way. Let me let me repeat this another way. These dotted lines that dotted line just represents the um hold on, let's type it did. I type that right status.

Okay, we're gon na make this a little bigger like bang, bang, choo choo train grab this little guy; bang, bang; okay, so that dotted line. Okay, that dotted line that i was pointing out. That's the halfway point between negative one and the statistical trading mean negative. One would be this trend line down here, and the statistical mean would be these lines up here.

Okay and this dotted line in the middle is the halfway point from point a to point b, so this is basically saying that half the job's complete okay, we are at the halfway point from returning back to the statistical average okay. So, for what it's worth, you know we got to get through this price point to hopefully keep our swing move. You know heading towards the 15 price all right, so this is the same concept, so everything that i'll show you from this point forward for the next couple minutes is going to be pretty much the same exact thing as uh as fcel all right. So you have bln k, okay, blnk same thing: you know, price target for us is going to be back up towards like 47.53 right back to that area.

You can see what it's doing right now: okay, it's trading just through the halfway point. So it's it's! A little bit through the halfway point, so if blnk continues, i'm imagining fcel will probably continue. There's going to be sympathy right, so if blnk is already through the halfway point, that could be a telltale into the future for fcl going to clear and get through that. Halfway point that we had just previously discussed all right now.

The next thing is plug plug power. All right, you go look at plug plug same thing. Grinding up this one is exactly back at the halfway point again. A lot of stocks that are within the same sort of market tend to trade very similar and do the same things for the most point.

So you'll see plug power, has done a bull flag and it's right back up at that halfway point so again: halfway uh the job's done halfway. Sqnw is another one, but this one is lagging this one's lagging the price, so we're still recommending plug blnk fcel and su w at seo, w being your cheaper option into this energy sort of market play um. So yes, s? U n w! It's kind of a funky looking one, but you kind of have a flag pattern here right, it's kind of a flag pattern that is breaking upwards over the deviation, so we're right on the bottom trend. The statistical mean is all the way back to 14 on su and w, so you have a potential price target zone on sumw hold on to here.

The halfway more or sorry halfway point is 11.. So if this flag pattern truly works and it gets a good jump, you'd probably see the market on su w first back to 1168 and then maybe a little pull back some resistance there. Hopefully, that gets bought up to continue your break up to the 14s to 15.. All right now, um, i think that's pretty much.

It was sumw. Oh um clne is another one where it's kind of picking up and it might look a little scary, but i think you're going to see this continue uh on its long side or on the continue on the long move, um so anyways c l and e s. U n w plug b, l k, f, c e l all of those um, so those are all the ones you're probably going to want to watch, maybe going forward for the next couple weeks. Okay, sorry, i didn't have time to go through your questions.

Um yeah. Sorry, i didn't sorry, i didn't have time to go through all your questions. Uh there was just so much so many awesome tickers. I wanted to cover today and only have a short period of time to do it so yeah so anyways.

Thank you guys for tuning. In that's we're going to end the stream, but before you go make sure you give the like button. A little twist twist, your magoo little slappy little slap in the face before you head out. You know the algorithm loves it.

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You tomorrow have a good one.