There we go what's going on team, it's ricky with uh tech, with solutions hope that you guys are all having an amazing friday. Amc is about to make highs on the day, and i want to capture. I wanted to actually talk a little bit about it. Um, just a quick little update for you guys, not just on my green days.

Do i like to show you but of course on my red days today is of course a little bit more of a uh green day to say the least uh. So we have 2 000 shares about 76. 000. Excuse me, 76 000 invested behind this amc trade uh.

The reason that i'm talking about it today is, if you guys look at this on the one hour time frame, we're actually doing something now that we have not been able to do for the past two weeks. So ever since amc hit highs of 52. So a show of hands how many of you guys would like to see amc return back to 50 a share right. Well, that's the whole reason.

A lot of people are buying at the 30 to 40 range to be able to ride it back up to 50. As that was a very common resistance level, it has not been able to trade above this estimate line. This is on the one hour time frame. Please make sure that you do your own due diligence.

We actually just hit new highs on the day and we've been struggling to recover and break above the uh sma line, or the moving average uh every time that we try to break above. We break right back down below and make lower highs and lower lows. The overall direction was not in our favor until we really began to consolidate so amc for the past. You know week hasn't really been selling off.

It's just kind of been consolidated, and today now it is actually trading above the moving average and the ema line as well on the four hour time frame, even although on the one hour time frame, even all the four hour time frame, we're beginning now to consolidate And trade above this ema line, so i'm someone that trades amc, i'm not someone that holds amc. I need you guys to know this, because i don't want to pretend like i'm doing something that i'm not right at the end of the day, if your intention is to hold amc all power to you, my intention is to treat amc like any other hyped up Stock, where i want to take advantage of you, know the lows and be able to sell the highs with that being said, as of right now with where we're at and now it be actually indicating signs of a potential support uh, it makes a little bit more Sense on maybe why i would want to step up yes, so what i'm personally looking out for is for amc to actually begin to trade about 40. I could see there to be a potential breakout, just like we've seen last time, uh, where, when it actually surpasses that previous resistance range, we can see a nice little pop-up. Do.

I think it's going to be as dramatic as before? No, not necessarily, but it would be a step in the right direction, even if we work our way back up to this current estimate line of the four hour time frame right around 41.50, which was the previous resistance level, would be, i think, a huge milestone and A step in the right direction do i think that everyone, an absolute beginner, should buy amc stock because it's the safest and best trade ever? Definitely not i'm someone that understands the risk involved with amc. If you don't agree with that and again you're entitled to your own opinion, but it's very naive for anyone to say that amc is not a risky trade and you'll see people in the comments section and you'll see. Who is someone that is, you know uh? Who has the thoughts collected versus someone, that's just very hopeful and at the end of the day, there's no right or wrong? I guess um, it's just more of like how is it that you personally want to approach the market? Do you want to approach it in an aggressive way? If so, maybe you can trade amc in an aggressive way and or you need to learn how to walk before you run and, most importantly, you know i love being invested in blue chip stocks, but when it comes down to amc, i also like trading aggressive moving. You know uh stocks as well.

I just need to make sure that i hold myself a little bit more accountable when it comes down to the volatility that it presents and there's no question that amc does come at a greater form of risk. As some days it could gap up five. Ten fifteen percent other days it can drop five ten 15, so that is a riskier trade, and if you can't tolerate that, then maybe amc just isn't something that you personally want to take advantage of. Again, you need to learn how to walk before you run, and i just want to make sure that i not only talk about the great incentives and the you know pros of it trading amc um due to the upside potential if it were to recover from where We're at right now to previous just resistance levels: that's about 34, but then i also talk about the risk involved right, there's two sides to every opportunity so that, let's not pretend like there isn't uh but yeah, i'm very excited follow up it's friday.

I didn't actually expect uh today to go according to plan uh, and the reason why is yesterday was a very strong day for the overall uh nasdaq market uh, which, when the market opened today, we actually saw a lot of stocks pull on back, including amc, but Um, after a short period of time, we actually indicated signs of a reversal and again it began to recover. So it's great to see that the market is actually trying to make a recovery and show signs of recovery, but we'll see if it holds uh at these levels. So you guys can let me know in the comments section uh. What is your plan with amc and do you plan to lock in profit at 50, or do you plan to hold beyond that right? I don't think there's a right or wrong, it's just based off of your intention and how it is that you manage and mitigate risk.

I hope that i earned your thumbs up. Please consider subscribing if you guys haven't done so already, and i will see you during our live trading session on monday at market open. Like always, let's make sure that we in the year on green now take it easy team.