What's going on guys welcome back to the channel? What we're going to be doing here today is an updated video on the stock amc. So what we're going to be doing here today is reviewing it and giving you guys the updated price targets, and this video is also directed at mat, cores and tray trades. What we're going to be doing in this video is analyzing amc and my effort is that somehow magically you guys will end up watching this video and then it would convince you to use the standard deviation tool on thinkorswim to help you guys analyze the aemc stock And the only reason i'm really doing this is because, for the past couple weeks i've been in and out of your guys's channel, i've been trying to get you guys to use this tool, and if you had, you probably would have been able to predict the market On amc, even better for you and your viewers, so the whole goal, this video is to go over amc's analysis help. You guys understand, what's most likely, going to happen to the stock and then hopefully be able to convince you guys to use the standard deviation tool going forward, as i think it would dramatically help you and all of the viewers that you guys have watching on your Channel so let's go ahead and get into the analysis.

This morning today, the recommendation on amc was during the pre-market trading session. You wanted to be long, the amc stock up into the price of 34.64 and then that's where you are going to see resistance. What we have also mentioned is that once amc successfully breaks down the low right here once we have cracked through this low, which we just did today, the new price target on the downside is 24.62 cents. Essentially, amc should be targeting down to what we call a negative one deviation zone.

So there's really two things that you're going to do here: you're, either going to continue to be bearish amc until it gets down to about 2462 25ish, then you will look for a counter trend: bounce in the market, meaning after we sell down to 24.25. The markets will most likely start to bounce around the negative one deviation price. So you only should be long amc at this point or taking a new entry into the stock if it swings down to 2462 or if the stock reverses back up and over the price of 34.. So, as you will see, if we go back into the one minute chart here hold on as we go back into the one minute chart, you can see, we got hammered down at 34.50 now.

The reason we sold off so hard at 34.50 was because it was amc coming back up on the day to resistance. So you will look in here and you'll see this dotted trend line coming through the price of amc and it's right at about 33.60. So until amc either gets bought up from here and reverses back up and clears a price of about 34, you really can't be bullish to stock and until the stock actually falls down to about 25 dollars. You also can't be bullish to stock.

Now, there's one thing that i did forget to mention here and that is going to be on the one-year day chart, so the one-year day chart also has a half deviation price right at 26.63. Now these prices do change and they do update as the day goes on, because that is what the indicator does. Is it accurately updates consistently, throughout the day the trend of the stock so for right? Now, ideally, you shouldn't expect to be long amc until it gets back up and over 34 or until it retraces all the way down to the zone of 2640. To about 25 also note, if you're really unlucky, it will go all the way down to 1820.

So your first buy zone is this gray box. If, in the event it doesn't hold this gray zone in bounce you're, then going to be looking down to the price of 18 to 19. So for any of you, this is your first time tuning into the channel. This is your first time watching this video or anything on my channel.

Do note that all the price targets that i have given you on this video do change as the day goes on, so in order to get sort of that accurate, updated price, at least from my channel, you kind of have to tune in every single morning when We do our live stream, so if, by some chance, this video has gotten to matte cores or trade trades or you are a viewer of their channel and you find value in this video, then i will also bring it to your attention to bring it to their Attention to at least peek at the video, and at least, if you guys find value in it, then we're doing a good job here now. The last thing that i have to do is just quickly run you guys through how you would actually set this indicator up on your chart before you can go about using it. First thing you have to get td ameritrade or you have to get the thinkorswim trading platform once you do that, really all you have to do is go into the studies section of a chart, you'll type in standard once you type in correctly the word standard. You should see standard dev channel once you do that you're going to want to add this four times to your chart once you've done that you're going to want to change each one of the settings inside the standard deviation so that you have one two three and Four, so all you have to do is basically go into each one of those categories and then change the mark, deviations and make sure there's one two: three and four once you do that and you hit apply to your chart.

You should have all these same lines on your chart. They won't be the same color as mine, because i've chosen to color code mine, but you will have all the same levels on your chart and really the rule of thumb is all of these trend lines that are now on your chart. Those are the true trending support and resistances of the market, and the stock is normally trying to trend to one of those levels. So the more that you use this and the more comfortable you'll get with it.

You will realize that every single day in the market, amc gamestop in every stock within the stock market is generally moving to one of the trend lines that is plotted with this system and, as you get more and more efficient with it, you'll get a you'll, be Able to better predict which trends the markets are moving to throughout the day, and that will help you um be less confused about what's happening in the market, so that is all we have on this video. Ladies and gentlemen, i appreciate you guys. Tuning in this is in no way shape or form bashing trade, trades, bashing, mac cores or anything that they do. I know that they just have a extremely big following and if they can get their extremely big following to use this system, then they will probably be the most accurate with amc that they have been to date.

And that's really all i'm trying to do here. So with that being said, i appreciate you guys, tuning in and i'll see you on the next video take care.