AMC 56.25 & 58.07 Magic Numbers Today
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Good morning, ladies and gentlemen, boys and girls, everybody welcome back to the pre-market stream. Sorry i haven't been on the past couple days, but that's also because i was out of town, so we're gon na get ready to run you guys through some things that are currently moving today and the way that we think the amc market is set up and Or situated today so give us just a second we'll get ready to rock and roll here we're going to give some more people some time to hop on. Currently the stock clove clov is on the move, looks like it's trying to go to the price of 14.48. For right now, so we're gon na watch this one live here for a little bit good morning good morning.

Yes, mr roman empire, we will definitely talk about uh. We will talk about the stock tesla as well, because it's also something we recommended last week being in the bull flag today it kind of broke up we'll see if it ends up getting a little bit more continuation than what we've seen so far. So again, as we were talking here just a second ago with the stock clov, i think we can be seeing a price target of 14.50 right now on clove. I kind of think that's what it's been trying to do.

This morning we got to 1417. That was my expected price target for this current long move that it was in if it was doing a big long move um more than just this area. Here of, like 1390 to 14, i figured it was trying to go up to about 14.50 all right, so uh vacation was good um. You always need a vacation from the vacation.

It was really just me swinging. Golf clubs non-stop all day long, which is really tiring. Believe it or not, you'd be surprised what it's like, after paying 36 holes for three days, almost four but anyways, so it takes a toll on the body uh. So anyways, like i said what we're looking at with clove, is a potential move to like 15 i'll show you what i'm looking at.

So when we look and i'm not sure it's gon na work right. So when we look here at the daily chart, i'm gon na zoom in one second all right. When we look at the daily chart here, you can see that we had this dotted line. You know right here and the price action came to it before pulled back today.

You can see we're above that that white dotted line okay and then, when we shift it to the daily chart, you will see that we have this red trend line right there that one comes into play at 1447.. So the way that we would look at this is the other day. I think it was just yesterday so the way that we would look at the clove market right now is that, just yesterday we had come up to one. Second, let me go back to the four hour chart and get that dotted line so that dotted white line on clove comes into play at uh.

Excuse me, sorry, i'm moving as fast as i can people uh 13.88. So when we go back and look at clove, you'll notice that right at 13.88, you can see how the market stops so to project the top of the market. Yesterday on clove, you would have had been picking the 180 day four hour. Half deviation price point in order to call the top perfectly on clove.
Yesterday today the market made a bull flag pre-market and we broke back up to that red level. Resistance and support are more likely to break on the second third or fourth attempt support and resistance. Does not become stronger the more times a price touches it and it doesn't go through necessarily so today we had a better chance of going through 1380s because it was the second attempt rather than the first attempt. So the first attempt was yesterday stock breaks down.

Today. Is the second attempt we break through it? Then we would target for the next reachable um long-term trend line, which is 14.50, so i was expecting this long move on clove would make it up to 14.50 to as high as 15.23. I myself wouldn't be too long. Biased over this 1450, i would assume you should just go to it - maybe try to hold for some more up to 15s, but nothing too much more than that.

For the time being so, this was my first uh projected level that the clove market would sell off from today. So i'm expecting pretty soon we're going to see a harsher pullback on clove, that's going to exist and or start at about 14 55. Today, all right now, let's pop on over to the amc market, all right so with amc the two red lines, as mentioned by the title of this video, those are the current magic numbers. I know magic.

You guys want to see a magic trick. I can't do any so your out of luck so with these two magic numbers here at 58.07 and these uh 5807 and 5625. That's the two magic numbers, because one is support for the day. The other is your resistance, slash breakout level, okay, so with amc, we're gon na start with the daily chart.

Yes, so we're gon na start here with a one year, one day chart you see that blue line, okay, that blue line that my cursor is currently hovering across, not anymore, but right there that guy that little baby blue, which it looks like my price level, still Accurate so by the time anybody reviews this video by say: 10. 30, 12 o'clock, 4 p.m. These levels will look wrong, but if you're tuning in in real time, 8 30 a.m, as you should in the morning. These are the correct levels and then they slightly adjust throughout the day, but anyways, so that first red level on amc is going to come into effect at currently 5807 by market open.

It could be 58, 10, 12, 07. 06. It can change a little, but for now the designated level is 5807. That's your current resistance, and that is your breakout point right now for amc.

Your current support on the day is going to be down to 56 20.. So when we go, look at the four hour chart the way that this works is you'll, see this green level. That green level is currently the pullback support all right because because if you look at the most recent move in the market for amc was kind of like this red move down bottom and then broke up. So currently, the move in the market is upwards, and this is in a very short term sort of view.
The market move is upwards, so we're in an uptrending move. Therefore the dips are looked to be bought. You just have to find out where the dip support is at, so even if the dip buy does not work. If you know where the most low risk section of the dip buy is even if it doesn't work, you can normally get out with a win, because there's generally enough people in the market that will try to support it or they would try to buy the dip.

That even creates a little bounce on the day, and that allows you to make money and it may not keep keep going. But if you have the low risk level and the market doesn't successfully follow through with the move on the intraday, there's generally enough participation that you'll still get a move in your favor and then from there you can decide whether it's going to work fully or not. You can take off for a win small loss, etc, etc. So the pullback support today on amc is about 56, 18.

56. 20's in that area. So that's pretty much it you're either going to come up here, reject and roll back down or you're gon na break out. So i personally think the momentum on amc is strong and it's good and you should probably be looking for.

Excuse me looking for the brake play, that's the way. I see it, probably looking for the brake pipe now. If amc goes through a full ripping breakout move, then you should expect you will see prices of amc up to 63 dollars and 20 cents to 64.19. That, ladies and gentlemen, is the level that you 100 percent do not want to be long at today.

If you come back later in the day, and you see amc trading up at 63, 25 64 65 you've missed the long move for the day and you're now into the distribution uh. You you'll enter the distribution phase of the stock on the day at those levels, which means you'll be buying into people who are selling the market. Okay. So if the market successfully breaks out, you should see price targets of 63 20 to 64..

If the market gets a little euphoric, a little too excited a little too fomo-ish, then they'll push it through 64. and then that move once it gets weakness will return back to probably 64 and or to 63 and slightly under so again, breakout move 64 wouldn't be Targeting anything more than that on an intraday perspective and then definitely wouldn't be long at 64.63 on the intraday, when the market gets there, you'll be buying into the sellers all right, and that, ladies and gentlemen, is am mick. Sizzle, okay and it looks like clove pulling back pretty strong, couldn't quite get to the 1450, which is kind of like meh, but i have faith. I have faith that we're going to eventually come up to 14.50 because right now let me show you this too.

This is actually kind of a cool example. This is you see what cloves doing all right watch. What clove's doing clove is currently pulling back right, so let's go back and just make sure that uh our level's accurate here right. So you see how clove is currently pulling back.
Look where the dotted white line's at right. You see this dotted white line, let's put our own price level there and let's go see how close the pullback that clove just did or is currently doing is to that level all right, so we've marked it and it didn't quite pull back down there. Well, it kind of did here you can see, we broke up pulled back two one. Two three wick broke up now: we've pulled back again this time, we're just holding the intraday deviation.

You can see that that trend line there pull back to it hold hold hold up. So i'm still optimistic that there's uh there's some strength in this clove market. That's going to get up to that 15 14.50 price. Okay, whoa! All right! A lot of talking there a lot of talking, ladies and gentlemen, thoughts of a potential bear market coming soon, nand that continues making all-time high.

So as you follow the stream more often you'll know that, just the past couple weeks i had recommended, we were going to start seeing selling pressure that clove move is looking mighty strong. That looks like they're, squeezing short sellers right about shmeow yeah. It really does look like the shorts are well. Obviously, the shorts have gotten squeezed on clove, but it looks like they might continue getting squeezed up on that move.

Let's see what happens here. A lot of buying pressure coming into that move. Also, the stock en tx looks like it's currently moving huh first time. I saw this today entx very interesting, interesting.

I forgot what i was just gon na talk about. There was something that i was just thinking of um. I can't remember it off top of my head. I'm really not sure hm, don't know sorry, folks.

There was something on my mind: oh yes, the nasdaq there we go so the spy in the nasdaq um, as you me, as i mentioned just a couple weeks back, not even really a couple weeks. It was just last week i was recommending that we were gon na start, seeing selling pressure into the market. As we got back to this trend, you can see the market swung down and then our recommended long price of last week on um. Excuse me on the spy was down around 4 15..

We did below 415 a bit, but then came right back up, so the market's gone through its dip, meaning it kind of just did a good dip buy it's no longer a really really good dip buy anymore because we already bounced off support. So, for the time being, it's still slightly on the bull side of the market, but not by much. So i'm still thinking the market's going to trickle a little higher since we just pulled back, but only by a little bit before starting to see more selling pressure. So the reason i say that too is the nasdaq has been consistently grinding into new highs here, but for the past couple months we've been seeing the market all-time highs into regression levels and pull back all-time highs into regression levels and pull back.
So i'm, assuming that same sort of pattern, is going to continue here with the nasdaq. So i think we're going to see selling pressure very soon, but for the time being, still a little bit of upside okay, ndm uh nn dm looks like you have sort of a bull flag taking place here. I would be more long bias, nndm looking for targets of 970 to 1080., so yeah, it looks like you got a bull flag here, nndm looking for targets 970 to 1080 on that sort of play. But for the time being i actually yeah.

I really do like the way that nndm is uh is set up, though myself looks pretty good uh utme, isn't that that stock that like crashed not too long ago, utme yeah uh, this probably not gon na - want to do anything with this. I'm not sure why it crashed, but it did, and it's just i don't know why it sold off. But when stocks sell off like that, it's generally for a bad reason and it's it's a legitimate reason. So i think, there's just better place out there or more reliable things to follow than um.

You know. Utm me myself, bngo, so bngo is something that we are already currently long bias. In short, pretty much looking for the market to move back to around 750 to 760 on bngo. I do think that we've done a slight little double bottom uh, so currently long bias bng0 because it did come all the way back down to our dip by targets.

The last time we reviewed bngo, we recommended that this was going to be the cell target of bngo. Targeting down to here, and or here we went to the first level we tried to hold, we couldn't we've moved down to the second level, so i believe we are into the long dip by location of bngo for right now, myself, all right, yeah, so ent x. Sorry, i wasn't you know i looked at this a second ago but entx. This is something that uh is worth following for more long bias movement today, because it still has room where it could maybe even get all the way up to eight dollars and 28 cents.

Um, so, theoretically, this stock still has some room to run. I think it's worth keeping on watch for the time being for more long bias movement. I will try to give my best representation on this really quickly. Okay, so we have a level there.

Half deviations there makes sense, okay hold on guys one second, just doing some things: okay, so current resistance on the market. Um excuse me, so the current resistance on the market with entx is definitely at 676 to 687. That's 100 percent, your resistance level, a break at this resistance level. You would then look for a target up to 820, but really no higher than 820.

The current current levels, we're trading off of our half, deviation so in the immediate you're really looking for who takes control through this level of 620, and if this move fails, you'll see the market roll down too. So right now, the current target on the downside in support of the market is going to be down to 560 to 552. The current resistance of the market is 675 to 685. All right and breaking through 675 685 would then probably take you to 8 22..
All right uh, no, no, none, no ultimate volume system on trading view um at least that i'm aware of myself. So it looks like our friend clov ends up pulling back before the highs of 1460 looks like it's pretty much coming down towards previous dip support. So, ideally, to stay long bias on clov. It has to hold above the 1383 price point right now, uh and that folks is pretty much the market for you today, um i'll, take a look here at atos we got a couple more minutes left.

Oh strong little dip in rippy magooshter from our friend clov. Ideally it's bounced did a small little support. Price action hold bounce back up, but we'll see again we have not hit that 1450 price target. Generally, the big selling pressure of markets coming off of uh coming off of long-term resistance, so we'll see uh atos short, so with atos.

Yes, i do believe you could be optimistically more bearish at the prices that it's currently trading at. I would be slightly more bearish and extremely long bias myself. Yes, today, i probably won't be because today is wednesday and i have a golf league on wednesday and so well. Actually, 12 o'clock um, i might be able you know what today i can.

I can be live probably around 12 lunch to about 1 30, so i'll probably hop back on around then i was getting my time frames mixed up today, but yes, today, i'll probably be live a little bit later in the day. So, let's go take a peek back over at amc really quickly so looks like amc still kind of trading in the same range as this morning. So you guys know like i said 5807, is your current resistance. You need to get back up and over and taking control of the market here at 58.07 by the bulls, to force the move up or force the hands of the current short sellers of that market.

Can i take a look at uh, mr bitcoin yeah sure? So it's kind of interesting because well anyways, so it's more or less looking at ethereum, so one second, so ethereum um, pretty much went down to our price target about to see this daily chart. You see that green line. That was our projected next buy target of ethereum and bitcoin. Well, ethereum went there and bitcoin didn't so long story.

Short ethereum came down to a very low risk dipped by just the other day. Hence why you saw it bounce back and then, if you look at um, excuse me if you look at bitcoin you'll notice, that bitcoin has already started bouncing back but did not yet hit the support. The support trend for bitcoin was down at twenty five thousand. Four hundred, that's exactly where we were waiting to buy bitcoin, but ethereum dropped down to the negative two deviation before bitcoin, which forced a really really good, buying opportunity in ethereum, which is probably forcing long, biased sympathy into bitcoin.
So bitcoin never really came down to the perfect entry ethereum did and since ethereum did people bought ethereum and since people bought ethereum bitcoin excuse me had sympathy to ethereum. So for me, i'm just neutral on bitcoin still because it hasn't actually hit the desired buy price, which was all the way down at 25, 000. ethereum did but bitcoin didn't so just kind of sitting, neutral um on bitcoin for the time being, um, and with that Being said, ladies and gentlemen, that is a stream this morning. I appreciate you guys tuning in i will catch everybody back a little bit later today, around 12 o'clock, thanks for tuning in and i'll see you guys soon.


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3 thoughts on “Amc 56.25 & 58.07 magic numbers today”
  1. Avataaar/Circle Created with python_avatars burnoutclips says:

    Long Wibistix stop playing

  2. Avataaar/Circle Created with python_avatars Anthony Spielman says:

    Good stuff bro thanks Connor fumbs upped 👍 👍💎🤑

  3. Avataaar/Circle Created with python_avatars YT Vel says:

    Thank you so much 🙏🏾 love the content

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