Good morning, ladies and gentlemen, sorry if that was a little loud, but how is everybody doing this morning, looking like amc and gamestop are still the hot topic, also bngo for the moon rip, so today, of course, we'll talk about amc, probably going to focus on bng0. Quite a bit, i think we're going to talk about cciv and then obviously, as we have some time at the end, we'll run through whatever tickers you guys would like to talk about as well good morning, milky fade good morning good morning, mr patel, all right. So where do we start? Where do we start? Let's go with bngo alrighty, so for those of you that are tuning in which i definitely know milky, fate has been tuning. In last week we touched on bngo as kind of being one of our number one candidates to follow.

The analysis is still on the screen. You guys remember. From last week we recommended that we want to see the target of bngo into that green box. The first target for bngo to be reached or met was the 750 target, which was that dotted line, so we got there had a slight pullback kind of, and now we're continuing higher.

So the only thing that we're currently battling today, right now on bngo, is the previous resistance from where my cursor is at that 786.. That was the previous uh price action top that previous price action top of 786 back in what was that i have no idea, but back about a month ago, when that price target hit, it hit the trend, but either way. So what we're doing is we're looking for bngo to get up into 875 to like 958, is kind of that final target move okay and then real quickly. When we look at the one minute chart and kind of scroll, this down, you'll see where that green box is at and if you look at the trend.

So if you look at the blue blue line on the bottom and the blue line on the top that trend line, that is kind of the the perimeter, you could say the perimeter of the range for the day on bngo. So if, in the event you somehow saw bngo crash down to like 650, that blue line, it would most likely bounce there and then in the event we see bngo ripped to the upside and it got to the blue line. It would most likely sell down there because that's kind of the perimeter or the fencing you could say it's like the fence around the yard right. So typically, you know if you let your dog outside, to go running around it's, hopefully going to stay inside the fence.

Same thing here generally, it would stay inside those blue lines and what's unique about it, is that currently the perimeter of bngo's range for the day um on the high side is just at the beginning of our target selling zone. So the maximum range for bngo today is right at the starting point of our target cell area. So really hoping we see bngo into the 870s to 9 area today or by tomorrow, but we imagine that once we get into this zone, we'll probably see some selling pressure unless we're really lucky and then it goes higher. But right now, just the green zone is target for uh for bngo.

We will also take a look at mvis because that's somewhat of a decent setup today as well, all right so before we go over amc um, which, by the way amc analysis is kind of like yeah. It's kind of tricky, so we'll save that one. For a little later, right now, we'll pop on over to mvis, so mbi, guys kind of had this flag set up this morning, looked okay, but now it's kind of giving back that bullishness, unfortunately, so this red line at 23, that is, resistance. Okay, that was, and currently still is, the resistance, and you can see yesterday or well friday.

Mvis ran all the way to a high of 23, and then it sold off watch what happens when we change the time frame from this one minute view to a one year. One day view so change the time frame. One year, one day look at where mbis stopped on friday where's the top of this candle's wick right on the plus one deviation mark at 23.. So that tells us that, in order for mvis to move higher today, we need to get through the daily chart, plus one deviation, which is at 22.95 currently, which is also where you can see we stopped pre-market.

So if mbis is to move higher with a breakout, you have to get through the pre-market high. So this is a legitimate pre-market, high breakout scenario, because that is a legitimate resistance point right at about 23.. Now, if you break 23, your next target you would go for on the long side is going to be to 25 30. 25.

35.. So if you can get up through pre-market high, you would target to 25 35 on mvis. Okay, that's a lot of talking! So far give me a sec. I need to cool off here with some hot coffee idiot tasty.

I quit drinking coffee for a while, but now i'm back on and life's great all right now before we go to amc. Let's talk on cciv, so ccib is also going to be a long candidate, very, very similar approach on cciv as bngo okay, you guys will remember. Last week we talked on bngo and we're like yep down. Here we want to go towards the regression trend back up to trend.

This is the same thing with ccib, so cciv, you know you take a look back. It crashed from 64 came all the way down, eventually put in a slight bullish divergence kind of. I don't want to talk about that, because it's not even a great example, so kind of put in a bullish divergence either way it bottomed. We went through a bull flag here, scenario broke up and now we're really just kind of fighting this previous price action area.

But as we get through here, there's a great chance we could see you know cc cciv up into 27.57 to that's it 27.57. So, ideally, what we'll look for in cciv is a continued move higher towards the price target at 27.33, basically 28, and once the price gets there, we'll probably see um a pullback okay, so for right now, cciv alongside target would be to 27.75 okay um bbig. Where is it going greetings from denmark? Hey? How are you doing from denmark nice to have you um yeah? Let's take a look so bbig. This was the one last week that went through a squeeze so um.

I don't remember exactly how bbig was set up last week when we talked about it, but i do remember that we mentioned that bbig had resistance at five dollars 515 and you shouldn't look to be long over the 515 and then it and then it stopped so Right now, um you need to get through all that so pretty much. The 520 is the high from friday. That's what you have to get through for um bbig to obviously continue higher and really the reason i say that is because, if you look, you know on the long term chart on the daily chart, that's where the resistance is at, so you you really need to Get up and through that um to force a force, a bigger move, so i'm not super optimistic that can happen. Um ooh! I didn't notice that so right now yeah.

So this is what you're looking for on on this um. Your pullback support for the day on bbig is going to be down to about 416 right. Your intraday resistance right now is 459, so a breakthrough 459 should probably take you back up into the fives, but you got to get through 5 20 to force a big breakout you'd, most likely pull back at five 510 515s today, because of that top. That was put in from friday, so i don't see a big breakout coming from bbig today.

Look at ethereum absolutely for five dollars. Frick! You can do it. You can check out this body for five dollars. Yeah, i'm cheap i'll, sell myself cheap times are getting hard.

Inflation's going up how else i'm gon na afford mcdonald's, okay, so five dollars and i'm ready to rip like a tater chip all right. So what do you say ethereum, so, yes, ethereum um, obviously ethereum follows pretty close to bitcoin and it actually is starting to look much better. So when ethereum and bitcoin first crashed, we had put out a video recommending to pretty much buy this whole sell-off into these prices and so far we haven't like fully reversed, but we've just done a couple reversal, bounces. So the way ethereum is currently set up.

Is you have slight resistance at 2 870 and let me double check this one that one also has trend there what's going on yeah so right now, ethereum is right on the breakout level um so for ethereum to really break out. You got to get up and over 2870, which is let's look at it like a 10-day 30-minute chart. So you can see you see over. This is a 10-day 30-minute chart and you can see we've kind of been stopping at 2800, okay, so stopping stopping stopping.

So you got ta get up through and holding over two thousand eight hundred and call it seventy dollars right now and the reason i picked that price is because when we look at the four hour chart, you see this kind of dotted line. That is the halfway mark between this yellow and this solid white. So if you can successfully get up through here through 2870, you should see a push on ethereum back to 3225. So right now your target on ethereum is 325 on the upside and real quickly.

I got to look at bitcoin because that can help. If you guys remember from last week, we recommended this was going to be kind of the dip buy area for bitcoin, and the last line of defense for bitcoin is the 3 400 and, like 3 500 price point, if bitcoin starts getting below 3500 here, you might Want to be a little nervous, okay, so for the ethereum there rob roberto again follow bitcoin as long as bitcoin sustains. This bottom ethereum has a really good chance of continuing higher uh as well. So i i would got ta say i think 3500 is a target.

There, on ethereum for right now, uh, is that my painting shirt. Actually it was my painting shirt. This is actually a weeble shirt. They sent me a weeble shirt because i'm so awesome and then i decided to paint in it.

So now it's my painting, slash, do whatever shirt, jay young! I like your comment, but since it's youtube i can't let it go through, but just know i giggled inside of your comment, all right, um now, let's just pop on over to amc cause. Why not? You know i went to the movies recently, it's a great company. I think it's worth a hundred thousand dollars a share. I don't see why not what could go wrong with buying amc at a hundred thousand? All right so with am sizzle um see.

The reason i said earlier. This analysis is going to be. Tricky is because currently amc exists in a market that is just like. You can't really buy that, based on like a risk to reward structure.

You can only really buy this on hype and momentum, and so that's what makes this a little bit more tricky all right, because when you look at the longer term time frame of this um, it's overbought, obviously it's overbought. Does that mean it can't continue higher? Absolutely not so what i come up with today, which mind you i don't think is the best analysis. It's just the only thing i can actually come up with in the immediate, so i don't think we're going to see anything too crazy today, maybe i'm wrong um. So the way i see it is if amc is not going to go lower if it's not going to go lower and it's really meant to to kind of sustain itself and continue higher from the current price and then higher.

It has to stay over this price. Okay, you see that little trend line in here this, like kind of solid horizontal one. We have to stay above this today, or else we're going to swing lower, okay and the reason i say that is because that is that's just currently the support for the market. All right, it's right here so within this like dip in consolidation, the um, the current support of this market is going to be 48 and 42 cents and then, if we go and look at the one minute chart you're going to see, it's had significant interaction.

You can see we kind of dip below it held it. Bounce come back to it. Bounce come back to it. Bounce come back to it.

Bounce roll, through consolidation, flag, bought back up over the red line, pull back hold the red line, trying to create a flag. Now so, if the amc market's going to continue higher today, it's going to stay above this 48-27. If we start to roll down through 48-27, that's where we could see a little bit of weakness, but i honestly don't think we're really gon na roll down too hard, and that's just me being optimistic with how many people are streaming on youtube and just the whole Hype and momentum behind this, so i am trying to be way more optimistic than i would typically be. Okay whenever we get to prices where amc is at on any stock, i am always bearish.

I was just bearish like last week friday and going into this move. Pretty much when amc was trading at like 70. I'm like this is gon na go down because it just made sense. So we've pulled excuse me: we've pulled back all right.

So typically, i would always be bearish at these prices. So we've pulled back. We've done the bearish move, i expected we would do, but i think there's just way too many people involved in amc and the hype and momentum behind it that it's not going to crash yet. So i think, there's still optimistic view on this to be long, biased.

But just note just note that the true statistical trend for the year on amc is down to 1641, which means that when this is all over say say today say today everything was to end on amc. The hype, the momentum, everything vanishes. The price target is going to be down to 16. Okay, so just know that that whenever this ends, whenever this hype, whenever the glory for amc does end, the the projected move currently would be down to seventeen dollars to twelve right so that that's just me trying to help emphasize the risk involved.

Okay, there's money to be made and money to be lost and the money to be lost is going to be all the way down to like 13 to 17. For now now, let me spit the game a different way. If amc goes up to say 250, this trend down here at like 12 17, it will probably end up being like 25 or 30, so the higher it goes up right. The higher these trends go so so, every time the stock moves, higher, the statistical trading range and or trend will adjust accordingly, all right.

So right now, if everything ended, you would most likely see the price crash and then settle down close to like 13 to 17. Now, if we go up to like 300 bucks, let's just say that trend will increase and then the price target on the downside might be like 25. So it can change and it changes in relationship to how the stock performs going forward. All right, um so just know in a typical scenario.

This is where we would, we would start being bearish right, we would sell the market down and, and we would be bearish all right and then just an fyi. If, if i may all right so gamestop all right, when gamestop was trading at 483, you see how it crashed all the way from 483 down to like 43, when, when gamestop did that went to 400 500, then crashed all the way down to 50. It did the same thing that i was just explaining about amc. How amc's price target is down at like 13 to 17..

This is exactly or that was exactly how gamestop was set up when this drop happened. So when it was trading at 500, the price targets were 70 dollars to 50, because that's where the statistical trend was at eventually, the gamestop frenzy ended, at least for that time being, and then we crashed all the way back down to 50, which was that trend. So this sort of thing on gamestop can definitely happen on amc once everything settles and is done so just trying to update you guys to know exactly where your risk might be in the event falls apart right, and so i'm hoping this just keeps going to the Moon there's a lot of people streaming on youtube that have really big positions. I don't have a big position.

I don't even have any position in it right now, um, so i'm really hoping this thing just keeps ripping for everybody. My position and my place currently on bngo risk appetite, maybe not so much for amc um, so i'm currently riding the bngo wave but um but, like i said um, i hope this continues. Higher it'll be fantastic, and all i'm trying to do is come on each day and really give you guys the day-to-day analysis on it, because i don't know how high this can go. Nobody really knows the full magnitude of it um.

So the best thing i can do is just come in each day and look at what's changed in the market where the levels are at and how you can go about using those on a day-to-day basis. That's really where i'm best at i'm best at looking at the market from a technical perspective, picking price points in areas and how the stock should move um, but from a fundamental. This isn't even fundamental on amc anymore. But so again, like i said, i'm a good at a day-to-day basis thing.

So if you really want to come in tune in every day, get a little sneak, peek and update on you know where the levels are at and how i would go about viewing it. Then that would be something to tune in for us each day. But as far as where this is going to go, how high i really have no idea, do you, trade, based on standard deviation when it's constantly changing that's the thing? Is it's supposed to constantly change because as it constantly changes, that's it giving you the accurate update in the market. If it didn't change, then it would be even harder to trade with, because nothing would remain accurate, so um, you know it yeah i mean i.

I can't really tell you how you go about trading it you just you got to start practicing and using it and you'll start you'll start to understand right. So you know like cciv right. You know this trend may change a little bit, but not by a bunch, because it's a longer term trend, so that might be it try using longer term trends because they're not as um sensitive to price change. It's like a 200 moving average right like a really long term.

Moving average, it's gon na take a lot of days for or it's gon na, take a lot of trading activity to change the um, the trend or to change. I guess you could say the direction of say a 200-day moving average, where, like a 20-day moving average or a 9-day moving average, is going to be extremely sensitive to any sort of price fluctuation on any given day, because the calculation of the equation is so that Any sort of change in movement over the course of a day is going to have a heavy weight on the moving average. So same thing with the long term deviation longer-term, trending deviations. They tend to not be as sensitive to the day-to-day price fluctuation, because they're just calculating a longer set of data, so try going based off of longer term trends to start maybe and then move your way into some smaller time frames that might help you a bit More so why not just hold for the short, so kelsey great question? Why not just hold for the short? Because there is unlimited risk to the upside on a short right, so you may not be able to stay liquid enough.

There's a saying in the market that the markets can stay irrational longer than you can stay liquid, and so that's that's really the problem with entering a short too soon that even if it were guaranteed to come down right your shorts on margin, uh there many times Is associated fees with shorting, so the longer you hold a short and the longer you're incorrect you'll lose on the position. You'll have to pay overnight fees in depending the situation. So you can, you can rack up fees. There's there is no stock can go up to a trillion theoretically, um and then the timing aspect of it.

You know: how long can you stay liquid? How much capital do you have so imagine me going short at like whatever 50 bucks or whatever it might be. At right now and then it rips to 300 and then i'm super red doesn't come down, doesn't come down and then you just don't have enough capital sustain yourself, then you get put on a margin, call um, you know, and then, if it's hard to borrow you Might be racking up a ton of overnight fees, and so that is the problem. There's there's. Definitely the timing aspect of the market that you have to that you have to have.

We were trading bearish amc like a couple days back um, but right now i can't can't can't be bearish on it, given them the momentum in the market. Um, let's see so it's 8 58 man. We already got a run um. Let's see oh yeah, sorry yeah.

I i meant thirty five thousand on bitcoin, not three thousand five hundred um. It's not bad. My bad um pre-market volume it's hit or miss just because pre-market volume is high, doesn't necessarily mean a stock's going to have a good day, and even if it's low doesn't mean the stock's going to have a bad day, um just pre-market volume in general. When there's a lot of it it just it just tells you that people are interested in that stock or there's a lot of activity, and just because there's a lot of activity, it doesn't mean that it's gon na be good right.

You could have. You could have a bunch of people that have never traded a stock in their life, all buying a stock on the same day, and that's not going to amount to much really just just the idea of having pre-market volume just lets. You know it's an active stock people are trading it that right. There should peak your curiosity as to why there's so much interest and then once you've figured out.

Why there's so much interest? Is it good or bad good news, bad news and then secondly it'll? Let you know that it's it's liquid, so that you can buy and sell pretty regularly because there's a lot of active participants. So then i can tell you this is something maybe you could take a bigger position size on in the immediate and you'll still get a good fill. So really volume is just used to know that it could be a good trading environment, but doesn't guarantee it's going to be a positive or a negative move on the day, just because of volume, but it's it should be used as a gauge like. Oh this is, this is an active market right.

This is somewhere that i could go to. You know, have some fun and good liquidity, good volume, uh huh yup, so it's 8 59, and this is generally where i got it cut out. Um but, like i said nothing set in stone yet working with my partner here, i do believe we're going to be making some changes at boiling room trading in the future um. That is going to pretty much put me on youtube way, more often um.

So i think there are some changes coming forward, but we're still trying to look at the logistics behind it so that everything works in a functioning manner without too many hiccups. So in the future i do believe that i'll be spending more time here on youtube. So um again nothing set in stone, but that could be uh the case for you guys so anyways. I appreciate you guys tuning in for the 492 of you beautiful people, please tickle the like button.

Again, it's either a tickle. It's a smooch! It's a cuddle! If you're aggressive, you know you can give it a little slap i'm happy with either. I won't get you in trouble, but it greatly helps the stream. You know obviously get promoted by youtube.

That's apparently how the algorithm works. So i appreciate you guys doing that. For me, and then i'll see you guys tomorrow morning for the next stream and, as i said i'll, keep you guys updated on any changes we have going forward with the stream so appreciate you guys and i'll see you guys soon by tomorrow morning.