I invested $75,000 into amc stock and here is my plan with this top meme stock. I see there to be a current resistance level at $40 a share but an overall resistance at $50 a share. Current support at $36 a share and I will manage my position if amc stock breaks below $36.
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One t what's going on team, it's ricky with tackbot solutions, hope that you guys are all having an amazing wednesday. Amc today had a pretty decent day. I slightly reduced my position size a little bit today. Uh, you guys can see that it's up nearly three percent overall on the day, the market's closed.
So that's why i'm making this video a lot of consolidation on the four hour time frame, uh we're seeing that it's starting to establish somewhat of a support level. As of right now, you know we're not seeing indication of an uptrend indication of a downtrend kind of just really flatlining, establishing somewhat of a support, so a step in the right direction, for this would be that we actually begin to trade above if anything, really 40 Dollars a share where this thing can actually begin to recover. So overall goal, of course, is to return back to 50, a share which would be about a 34 upside, but even if it ends up returning to previous resistance levels right around 47 to 48. That's about 28, so again a step in the right direction, a pretty decent day, but it wouldn't be much of a surprise if it, you know slightly pulls on back to about 36 dollars a share if we end up experiencing that same resistance level.
Not only did i want to talk about this, but of course i wanted to talk about uh tqq, so tqqq is a nasdaq etf. This goes up when the overall market goes up. It goes down when the nasdaq market goes down up 600 on the day. We're still oversold we're still not truly indicating signs of an option.
It's just a decent day for the market. We could see that based off of previous highs and where it's at right now offers about 21 potential if we were to make a full recovery. So i would like to see some form of indication of an uptrend which is then, when i would like to increase my position size from just twenty thousand dollars all the way up to a hundred thousand dollars. So again i have a 20 position size right now.
I wanted enough money in tqq, so i feel motivated to follow up with it and to take it seriously, but just in case it still pulls on back again that i don't become an emotional mess and overall, looking at a big picture. The reason that i was okay with buying the dip on something like tqqq is this is the past year and you can see that it's been very, very bullish. I decided to buy when it pulled on back and based off of previous lows, as parents tend to repeat themselves, they don't always have to. It tends to recover, as the nasdaq market tends, to be more bullish than it is bearish, meaning that it increases over a larger period of time.
The only other stock that i wanted to talk about very quickly is one that was actually shared to me by one of our uh followers on instagram. His name is chris, a huge shout out to you chris dks, which is dick's sporting goods uh funny name right on the on the day. Chart very bullish, very consistent, previously hit highs at 147, recently pulled on back like a lot of other stocks right now, and it looks like if it were to make a recovery. This thing offers about a 23 upside. So not only did i want to provide you guys with an update on a stock that again i'm personally invested in, but as well as another oversold stock. That's a good quality company that has good previous, just history, right, very bullish, very consistent and if you're, someone that likes to focus on stocks that are bullish consistent over a larger period of time, this would make sense to maybe meet your criteria. So you can add it to your watch list set effective alerts. I would set an alert for the break above around 120 to 121 um, just to make sure that we get that proper indication of when it begins to trade above that ema line.
But again, there's two sides to every opportunity, so i'm going to go ahead and also set an alert if we end up breaking below its previous support level. So i'd love to see this thing recover, i'm sure a lot of you guys can agree, and this is why i'm adding this stock to my oversold watch list. I hope that i earned your thumbs up. Please consider subscribing to the youtube channel.
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<<Love your channel. Big fan of you and the other YouTube crypto channels. I totally agree with what you are saying. I started in crypto in August 2017, and I bought in. I was up 5x by December only to watch that disappear quickly and then watch the original investment go down by about 85% during the ensuing 4 year bear market. I took the opportunity to accumulate more over the last 4 years which was hard to do and at the same time a smart thing to do. I wish I had bought more. I am in profit for now but I am planning on using my experience to do exactly what you have said in this post. I have learned from you and other Youtubers especially my mentor Salomao Luciano, who taught me how to make trade and increase my crypto that no one really knows what is going to happen and I know you are only saying what you think will happen based on the past. It is yours and my opinion so people should make their own investment choices based on their own research.
Seems like you are doing the very thing you tell people not to do and that is marry a stock.. AMC this AMC that From you for a month straight…….
The crazys are out again in the comments I see… well good video anyway
your yellow moving average is 200 or 50 ema.
Y'all still talking about AMC meanwhile GME has outstanding fundamentals and is in a growing industry..unlike AMC. Bruh
People are still talking about AMC?
Guys, can anyone explain to me the meaning of holding coins if there is staсking or platforms like Flirt Invest?
First, read about cool projects such as Flirt Invest and then tell tales about growth
Guys, why trade if you can invest in Flirt Invest or stake your own coins?
Guys, just drop your bitcoins into the flirt invest platform and don't worry
This 🤡 is one of the reasons amc won’t squeeze!!!
Do you have anything to talk about else than AMC?
AMC🚀🚀🚀
I am still waiting the squeez thing outside AMC, not buying it. If it happen tomorrow or a year from now, I will jump in then.
Love your videos Ricky! I'm a truck driver and I'm with you with your trades. I don't have time to do my own research. So thanks alot for sharing useful information
sold my car yesterday and bought 300 more
What’s your SBUX average.
I'm no longer waiting for the GRANT LOAN because I earn $29,700 every 10 days recently.
The economic hardship , recession , unemployment and the loss of job caused by covid pandemic is enough to push people into financial ventures .
What is so crazy is the amount of attention this stock gets and gets absolutely nowhere….
So many other tickers get half the attention and go parabolic every other day…
There is something very and I mean very bad going on with AMC, I cannot believe how bad they are manipulating the price and the SEC is doing nothing…
..Great work and great effort here which platform is suitable and okey for earning please, I'm new to this
I bought in when it dropped to 34 dollars.
AMC literally has it's own Tesla Crowd. Tesla would not have made it to the highs it has without people "liking the stock" and just out buying the bears every week. By design, this creates a perma bullish trend, with obvious selloffs, just for it to be bullish again. When this stock hits a couple hundred, you're going to start to see parabolic moves. The options chain will drive the stock nuts.
38, 40, 50$ 🚀🚀🚀
Hope y'all took profits back when AMC hit $60-$70. I did and it changed my life. Good luck to all you "diamond handed" apes. As for me, I've moved on.
AMC 🤑🤑🤑🤑🚀
5th…
Buy and hold….. this is the way
Shoutout to Ricky man, inspired me to start posting on YouTube
Number 1