AMC Nextt Bounce Level?
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Good morning, ladies and gentlemen, everybody welcome back to the stream and boy. Oh boy was yesterday a phenomenal day for amc. I got ta say not to shabby, so we are going to start there and then, of course, we're going to have to probably come back to it um later in the stream um. So first thing we got to mention is that i didn't emphasize the analysis strong enough on the one side we did mention it, but not enough for probably most people to really remember it, because we emphasized on the green box so hard yesterday, um but anyways we'll Get to it what's up good morning, good morning, good morning, alrighty! So yesterday we had mentioned that you wanted to be long amc for a bounce reversal in this green box and then the other analysis was if we weren't going to go to the green box.
The market would get bought up to these red lines and then you would look for a breakout play through the red line. So it was like bulls would have to come back up through resistance here and then we would kind of take back control of that market, which i didn't really put a lot of emphasis on, because i truly thought we weren't going to do this and we were Actually going to go down to the green box, so i knew we could do this, but i thought we would go to the green box and then we would bounce. But we did the other one, which was get bought up to the resistance on the day and break through the resistance. So nonetheless, the bulls yesterday put in a phenomenal day.
So today i don't expect we're going to see nearly as bullish of a market, as we saw yesterday and partially. That's just because we had such a big sell-off recently on amc that when it bounced it was, it was probably going to have a big bounce, and i thought we would start down here at the green box, but anyways so right now the current resistance on the Way up in the amc market are these two red lines right here at 5132 and 53.91, which are probably going to update a little bit at market open, but for now this is your current resistance zone on the market with amc all right. So that's kind of the current resistance, so that means, if we were to see amc open up on the day-to-day and break to the upside and get sort of into this red box, it's probably not going to be the best time to start buying it. It would probably be a better time to try to sell it on the day for a downswing move so pretty much.
I would expect the resistance on the day for amc is going to start at 51.40 and the high of that resistance would be 54.. So it's a three dollar resistance. Well, it's two dollars and sixty cents, but close to and the support on the day is going to be all the way back down at 44.75 to 43, which is actually probably wrong. It probably is a little different now, but let me just double check yeah, so the the support of the market, which there's probably we're probably not going to go to, would be down here hold on there we go and then let me check this time frame really Quickly, so that's the daily chart and the daily chart levels there and there, so you wouldn't probably hit that okay. So again, if the market somehow swaying all the way down to like 45 20, we would probably bounce there. I don't think that's gon na happen, but again yesterday i didn't think we were going to go up first. I thought we're going to go to the green box, so i don't think we're going to go all the way down to 45 20. It just doesn't seem logical after the bullish move yesterday, it would make more sense for the market to try to keep going up and then get hit down by resistance.
So i'm going to say: markets are more on the bull side, trying to get up to 51, 32 or 54. that that's pretty much it and then the support balance would be down at 45.35. So that's the way, i'm looking at support resistance. Okay, i think i've pretty much covered every angle of amc so that way, if something happens, i made sure i covered it.
Why amc every single day so dumb um? You know, i guess everyone's got an opinion so, but if you think about it, we're also going to look at multiple other stocks. So it's really not just amc every single day, it's a bunch of other ones. So you know, but the reason we do amc every single day is because there's a ginormous population watching the stock, and so you know we're just trying to do our best job at helping a wide variety of people are watching a stock know or have a good Idea as far as what should happen throughout the day at specific levels, stamps so stmp is stmps or stmp, so stmp is getting bought out in like a six billion dollar deal. I believe it was yeah stamps agrees uh to take over by thomas.
Bravo for a 6.6 billion dollar deal, so this isn't going to move today. It's just going to stay at 3 30ish, look at neo trades, more shares, yes, neo has been trading. Very good. Um should have gone over tal yesterday.
C-A-R-V we'll definitely take a look at c-a-r-v all right, so we'll just start running down the list here, um so there's may i may i mention this: there's really no stock in the market that i'm extremely excited to trade. Today, there hasn't really been anything that i've come across, that i'm i'm really excited about. So really all i was going to do is go over amc and then take a look at all the things you guys want to want to peek at so pltr 23 bucks, which means it probably pulled back from that 26 dollar price. I think yeah, so um pltr hit resistance, um right where it should have.
If you guys remember back from you know pretty much the past couple weeks, we were mentioning. Pltr's price target was like 27 ish right into this zone, those red lines. We hit those red lines, we're selling down now um. We then said the other day.
You have a potential support here. This is a pullback support, but if that broke then you're just going to target down to like i think, 2097., let me just double check. One more thing so yeah um, one of the supports on pltr, is all the way down to like 21 to 2030, which seemed pretty crazy for it to go all the way down there. Um. Let me just look at something else here, so what you're going to do for pltr really today is you're. Looking forward to hold above 23.15 just stay on the long. That's still there yeah. So it's a downtrending move right now, um we got bought up to the price target.
Yesterday we gapped up over it today. So if pltr is going to continue moving in the immediate you kind of want it to stay above the price of 23 16., it's okay! If it goes below, but it just needs to come back up and above and start to sustain 2316 and then, if it does that, then you would look for the move to go up to 24 dollars and 18 cents, um spce so spc. I'm glad you mentioned that, because this is yeah remember, i said there wasn't actually a stock that i really wanted to trade. That's not entirely true spc was actually one of the stocks that i was going to follow, maybe today going into the next couple days.
So this is sort of like a batman pattern is, is sort of what it looks like if you think about the batman symbol, it kind of looks like a bat, so this was something we were watching was it tuesday might even tuesday? Let's see this is friday, thursday, wednesday yeah. I think we were either watching it tuesday or wednesday to see if we were gon na get this big long move. So we didn't watch it the other day and we got the big long move of course. So the two days of the one day we were watching it.
We were looking to see if we could get this big long move to happen and it never occurred, and then it happened yesterday, obviously um. So this is pretty bullish. Right now is the way it appears if spce is going to continue moving on the upside in the immediate we are going to have to hold above the prices. I think it's that one, this one yep all right.
So if spc is going to continue moving upwards like immediately, then it shouldn't really be breaking down below these two red lines. We should be getting bought here and then coming back up and over and that's so. This is pretty much like the dip by location of spce today to continue the move upwards. Otherwise, it probably sees a little bit of weakness, but i got ta say i'm optimistic we're gon na get bought up back through 52 and then kind of pop through that price.
Uon e, i'm uon e, was trading sympathy with uh ca rv. Yesterday um ended up shorting. I ended up shorting uoni up here and here yesterday, so i did some short trades on it. Not long, though so um.
The only way ulnes really going to amount to a great day is if it were to break over the price of 9.85 cents and then, if it broke 985, it would probably go up to 10.50 and then hit resistance. But we already went to 10.50 ish yesterday slightly over hit resistance, which 11 20. so pretty much. To put it simply um right now, 985 is your breakout level, and you can see that's why we stopped pre-market right. If you think about, i said you got to get over 985 for a good day and we've already seen the pre-market action stop right at about 9.85. So that tells us that the pre-market high is legitimate and the 985 is in fact the resistance on the intraday right now for u-o-n-e, but nonetheless i'm kind of just like neutral to bearish on that, because i do believe it's playing a lot of sympathy with uh C-A-R-V and if c-a-r-v continues to sell down, i would imagine u-o-n-e is gon na have a bad day, but in the off chance. If that's not the case, then of course we have to get back up over 95 and 1050 to force a bigger, bigger move on uo and e uh ni yo. So anyways neo - i don't remember, we talked about neo yesterday, but we did mention that neo was right on the regression trend, which is typically like a bounce level, and we did say that yesterday we would be bearish stocks if the markets continue downward, which they kind Of tried to go down in the beginning of the day, so we did to do a little bit of shorting on a couple things um, but ultimately the market ended up coming back on a good day and most of these stocks that we looked at ended up.
Bouncing so if you look at this move in the market on uh neo, let me delete the old drawings, so neo's kind of on resistance right now. So if you look neo bounced regression trend white line and then it bounced all the way up to 47.. Yesterday we gave our premium room on neo targets of, i think what was it um yesterday we did give targets to our premium room and anybody in our chat room to 46 to 47. Oh yeah, that's where it was so our long targets once we kind of realized it was along on the day which was about like here we had mentioned the targets on the long side for neo were up to uh 40.
Well, this is 45.89, but at the time it was like 46, something i think it was like. 46, 10., so anyways. Yesterday, the long targets for neo were like 46 to this 47 20.. So right now, you're coming off of some slight resistance on neo.
Hence why you're selling down, i kind of think you might continue to pull back a little bit today. Yeah, i'm going to say you start with a little bearish move on neo because you bounce back up pretty much right into resistance and then, if i'm correct about that and we do kind of pull back, i would expect support to be down at 45.88. So again, bearish move down on neo bounce will be around that 46 dollar price expr, not even i mean expr um - is just moving in sympathy with amc again, so we had stopped being long bias ex pr when it couldn't break and stay over like the seven Dollar price up here since then, we swung back down to the regression trend a little bit lower and then it bounced because amc had such a good day, um so kind of just neutral on express. Because, again i don't see amc having a gigantic day like it did. I see it maybe going up to 5134 and if it only goes to 5134, that's not really that big of a move, which means, i don't think expr - is going to see that big of a move either uh. So, mr montero yeah, we didn't look at tal yesterday, but i have this red line here at 1850 and i remember the last time we looked at this. I think i said there was support there and that's where you're going to want to look to dip by for their next long. But i can't remember - and so i i don't know for sure why i feel like that's what i would have said.
But if i look at my charting time frames here, there's really no support. So unless, like the trend was there and then it moved, but again i don't know for sure um, but yeah good bounce move from tal still looks like it's on the long too. Oh, so you want me to take a look at good old wish or magoo uh, so yeah whistled down um. I think we re, i think.
The last time i talked about wish. I was like i kind of have a price target. That's going all the way back to 829, but in order to do that, you have to break the previous price action, support which typically i'd say, has a better chance of doing anyways. So we did bounce support so far price action support um.
I still can't say i'm really long biased on it. I think you could only be long bias on this move for wow. I didn't even know that was right. There, that's even closer than i thought, let's see, and then that one is like right, yeah.
So for tal, this bounce that we're seeing is kind of made it back to where i think it should have. So you might get a little spike up into the price of 1138 to 1155, but this would currently be the resistance of the market um, and the only way you get a long move like you saw here yesterday on wish is, if you successfully break out this Little price channel so again to get a move similar to this you'd have to go through that price and that's the resistance right now in the market. Uh baba to me is bearish, but i will take a peek at it and do a little bit more of an in-depth look. Okay, maybe it's not bearish, maybe i'm wrong.
Okay yeah, so it has been bearish. We sold off pretty big, so today, you're, probably going to want to be on the bull side and you're probably going to want to look well. We already tagged that one, so the price targets for me on this would be um baba. First, we've already made the first price target the first price target to get back to so after this sell-off right yesterday bobby goes down the whole world's ending, oh yeah.
What do i do and then it goes back up, so it made it back to its first price target. First price target on the way back up from this bounce would be to this price of 200 and 368., the intraday 3 deviations at 204 444, which means that's intraday resistance, which basically means that it can't get to this next price target, which is the red line. Unless the channel goes up higher or unless it's truly meant to be breaking out for the day, which is probably far, then i need to explain things because it's just more confusing so nonetheless pretty much. To put it simply, the long target for me on baba would be a break through this first red line, targeting up to the second red line, which is at 205 60.. Now i feel, like this. Bounce from this bottom can go higher than the price targets. I just gave you, but for the time being, that's probably what you should be aiming for and then right now in the immediate at most. Maybe you would look for a gap fill up to 207 so for now on baba, i'm only really looking for, like maybe a 205 move, and if it's an exceptional day for baba than maybe a 207 move, which would end up filling the gap that baba just Created all right, thomas have a good one.
My man uh agri, not even i don't even think i can look at that on think or swim. I think i already did that today, so clove clove has been selling down but right, yeah, uh clove. Oh excuse me. Clove long um back to so clove price target back to damn it.
Why do i keep doing that? Uh clove price target back to uh this zone, so clove target this green box here, which is 10 26 to 10, so pretty much to 10 to 10 26? Is my long target for right now if you can get up and through 10 to 10 26 on on clove? That's where you could see another, a bigger jump so pretty much like yeah, just that's the long target for right now: clove. 10. 10. 26..
All right! Let's take a look at carve, so carve was well. We already know what it was. It was a big rip from yesterday. I think i don't actually remember what i said on carb yesterday.
I don't even remember looking at it with you guys, but i could be wrong um. I know there was one stock. Yesterday i said it was going to trade kind of annoying and sluggish, which i think was m-e-g-g, which did kind of do that. It kind of traded like well up down kind of choppy up down choppy down chop down chop, so it was kind of a struggle and it wasn't a good long.
But i don't remember if i said that on carved or not. I really don't remember what i said. I know i didn't say: hey watch it long to 38 bucks, that's for sure um, but man that was such like so obvious. Now, that's hindsight.
20. 20. anyways. These two red lines were the resistance on the long term chart.
We broke over it then at the open we pulled back to it. So basically, everybody here was selling it short trying to get carved back below the long term resistance which we had just broken over, which is now support. So when it came down tested the support level, it just ended up forcing out a bunch of short sellers, so i don't expect you're going to see carve have as big as a day as you saw yesterday. I do believe today is the day that carve is going to start being a little more sluggish and harder to trade. That's what i'm going to say we'll see if it holds true, i'm not changing. My opinion carve today is going to do sluggish hard trading which, to me means up down up down down trending up, but just kind of a back and forth hard grind. So that's the way i'm viewing that today and aside from that, having ownership of carve over the prices of 17 right now is extremely risky, which basically means you have a 99 chance of losing if you hold it as a swing trade 99 chance of losing. If you don't have ownership of the stock below a price of 17 right now for a swing trade, meaning if you held for the next - let's just say the next two months to three months or even the next week - it's very possible.
If you don't have ownership or an average price below 17, you almost have a 99 chance of losing. If you were to hold okay. Good carve is a short squeeze play, you're, absolutely right, but it's already short squeezed sure it could potentially keep squeezing higher absolutely. But unless you have ownership below 17, you can't hold for too long per se um yeah.
We could take a peek at tesla, really quick uh, that bounced yesterday you'll notice that it bounced it didn't get there entirely, but it came pretty close to that. Trending support level so after we rejected 710 we sold off and then we pretty much came all the way back down to uh negative one deviation mark and bounced. We might have hit the four hour. No, not quite so, we almost got there ended up bouncing with the market in neo yesterday um.
This is over trend here, and this is yeah okay. Well, i would expect um. Maybe i i think i really don't know how to play uh tesla right now, other than a pullback from the nine moving average down to 650 today. So i think maybe a pull back down to 650 648 649.
Today is something that might happen with tesla. Now, if the market has a green day and the market's ripping that probably won't work, so just know that anything i said regarding bearish plays if the market's ripping, then it's not gon na happen. Okay, what what's the best entry for clove um? I guess let's take a peek uh. Well, the best entry for clove would always be on a dip before it goes up um.
So, ideally, you want to be long before you get over yesterday's high part of the reason. Why is, if you're to go over the or, if you go over yesterday's highs? That's for anybody who may have been short from yesterday would probably take their position off and then the stock would pop. That's where people can view it as a breakout. So on so forth, but you generally want to try to be in before a break of a specific level, because if you don't, then the market makers will typically use your order to help force the breakout higher, causing you to get a fill significantly higher than the Breakout level and or you won't get filled and or you'll get a partial fill and that's kind of the part. The tricky part about the market is because it's easy to buy a breakout after breakouts already happen, because you know it's breaking out or it's broke out. It's harder to buy into something before it breaks out because you haven't yet it hasn't yet broken out, you're, not quite sure if it is going to break out and that's where the game gets so hard is because there's a fine line that you have to be In kind of right, before the breakout or a lot of times, the market makers use your order to shift the price up, and then you get trash fills and you basically miss most of the breakout. So in this instance you would well. What do you know? Look at that candle as it's going through the red level figures anyways, so you kind of want to be in before that.
That's ideally it already cool uh. The last thing i will touch on is maybe snap what happened to snap snap sold down not really sure why it might have had some negative news the other day, but you know just based off a typical standard deviation. The market has bounced back to its desired price target, so this is generally a level that would sell off best way. I can explain it is look at where we bounced look at where it stopped at this white trend line.
Okay, now, let's go look at pltr. Look at what pltr did it bounce went to that white trend line sold off, let's go look at plug power. Plug power might not be a perfect example on that time frame. But on this one here you go bounce from you know down here back to the white line.
Then it sold off. Let's go! Look at blnk, blnk bounce went to the white line, then sold off. Let's go! Look at the stock b ngo b ngo bounce went the white line then sold off okay. We can continue this all day, long uh last one that i can think of off the top of my head.
Damn it. I think those are all the oh wait. No, that one didn't work, so that's about it. So that's primarily why snap sold off is it's done? It's um.
It's projected move in the market. It's projected move in the market was from whenever it bounced to wherever the regression trend was it made it. The regression trend everybody buying the balance is like okay, cool thumbs up and they're selling their position. All right last thing i'll do is ba, and then i really got ta rip.
Okay, so pretty much ba sells down hits the negative one deviation mark, maybe even another one yep so basically went down to negative. One deviation on the daily chart and the four hour chart bouncing back up long target right now on ba should be about 240 dollars. We might have already hit that pre-market, i'm not sure no doesn't look like. We have let's check the daily chart once more, then there yep yeah so i'd, say right now.
The long target for boeing um is this 240 mark. So the only way i expect boeing to continue moving long is it's got to get through 240.. So 240 would be the level that i would watch for a breakout, and you know what i wasn't thinking boeing was going to get here, but if it does - and i don't say something - then i'm going to look like a jackass and i'll be really really mad. So let's mention the next target so that if, in the event somehow boeing has a spectacular day, you guys are like oh connor, you're awesome. You were right. So, in the event that boeing has an exceptionally good day, then you would look for a price target of 244, so that would be up to this 240 breaks. 240. 55, then it runs up to 244..
244 will be my at most price target on the day. For ba that being said, ladies and gentlemen, got ta run appreciate you guys tune in hit the thumbs up before you go hit. The notification bell subscribe, if you haven't done so already, and that being said i'll see you guys on the next stream, which will be monday morning, take care bye.
What time frame do you like for day trade and same for swing trade?
good stuff
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Happpy I loaded hard on AMC on that morning drop yesterday.
Hi do you teach how to trade?
AMC 🚀🚀🚀🚀🚀