Everybody welcome back to the channel in today's video we're going to talk about a stock, a company that just reported earnings and apparently the double the revenue and structurally the chart looks really really good, and i want to share with all of you into this video. I'm also going to be answering some of you guys questions for those of you all who drop those stocks adventures in the comment section of sunday nights, video um. So, let's, let's get started uh right off the bat again before we begin do not forget to annihilate the like button on your way in and now don't forget to click on the subscribe button. Along with that notification bell that way, you don't miss out on these videos um now the futures market is currently currently bullish at the moment.

So it did what i told you it would do. On sunday nights, i told you that we opened up a little bit higher, followed by the 9 a.m, drop, which was actually right here this well. No, no! It's not that one! It's uh! It's this one right here, the 9 a.m drop. This is the 9 a.m.

Drop all right, and then there was another drop later on in the middle of the day, which was pretty much like the bulk, the the major opportunity of that day before we saw some buying pressure now right now, right now, the way things are looking is back Up in that range is back up in between this level of support in this level of resistance. Now, how long are we going to chop in here? Will it be steady? Will it be smooth? Will we climb like this? Maybe all right, maybe but right now i would just say i would just say, apply some patience. The market has not decided which way it wants to go yet so approach. This thing, um as day by day as the day traded trading opportunities arise.

All right. That's my that's my honest thoughts on the overall market right now. It's just chopping, it's very annoying, especially for swing traders, but it's temporary now the stock that all of you should be keeping in your watches for today, which had uh, which reported really really good earnings. That one is mark marriott, um married international, all right and this one, as you can see, the earnings report were out, and apparently it says right there that uh.

Where is it at okay? It says right there. It doubles the revenue, despite the uh, omicron setback and also another one over here. They said the beat expectations, which is pretty much the main point now. The structure that i want to show you into this video.

Is this one right here? If you look on the four hour chart, there is this ascending triangle that is pretty much like it broke out a few days ago and it was chopping obviously because of the way the market was, which doesn't surprise me at all, but she broke out and then It's just just what she's chopping here and now that earnings out it might be a good day to really pay close attention to it. It might it's not up by too much so a massive like a massive sell-off. All the way down to like uh to 165 is unlikely. It's unlikely.

So definitely keep this one on your watches. If it stays clean and if it behaves, then it should run to like 185 by the end of the week. It should all right but again apply caution. The market is the market is choppy, still apply, caution and the kid day trading is favored rather than swing trading all right.

Now, let's talk about you guys stock submissions, the first one that we're going to address that one is that one is afrm all right now, afrm had earnings. This was this. This was rare with air with afrm. Apparently, the stock reported earnings in the middle of trading hours.

It was a pretty nasty turn of events right here all right, um. Usually, earnest report is reported after hours, not like in the middle of the day, but something happened with the company and then they immediately tanked and they just kept falling and falling and fading um. This right here am i trading this thing. Definitely not i'm not trading.

It um the volume is getting really really low. Today's, not it's probably gon na, be maybe the same amount of volume or slightly lower than yesterday. I'm not too optimistic about a firm it broke through previous levels of it got below the 52 week low right here. It's below 46., it's not looking too great.

Where is the bottom of this move? I have no idea. Will this thing magically turn around and go back up to like 59 or 57? I don't know i don't know, and since i don't know, i'm not gon na touch it all right, let the stock stabilize, let it form new structures. Let it do it. Let it do this thing if you're a long-term investor - and you are like super excited about the firm by all means - do what you want to do.

If you want a dollar cost averaging input stock again, do what you want to do with this one? I am not touching it because i just don't see the opportunity there yet not yet. Okay, i want to see a clean structure now the next one that we're going to talk about we're going to look at amc all right now for amc, it's been a while. We haven't talked about this one in a very, very long time. I think i have mentioned it previously when it was over here at around, like 18.

I showed y'all this thing right there, this bearish uh this decent triangle, and i told you that it could go all the way down to 12. It dropped all the way to 13 and then stopped it didn't go really really really that low. It had a little rally and then obviously these individuals right here, these individuals, these uh buyers - they all took that opportunity to exit and to get out right over here because becomes next, i'm not too uh, i'm not too excited about it. The volume is really really low.

It's not like how it used to be back over here or even like yeah. The volume is really low. The volume needs to kick back in and right now. I just think it's gon na consolidate and do and i'll do a whole lot.

I just think it's just gon na chill here between, like 18 and 20 until the end of the week. That's what i'm seeing again if there's a day for an opportunity, then, if it's clean yeah it might be worth it, but as of right now like for swing trading, i don't know i don't know yet. I just need. I need bigger candles and more uh.

More consolidation, more structures than this one. So that's my honest thoughts on the stock and the next one that we're going to address we're going to talk about the banks, all right, we're going to talk about bac! First of all, now, bank of america that one started to downtrend a little bit um it's opening up higher, because obviously the overall market is open. It is uh it's opening up higher, but i will tell you to apply some patience on this one. It kind of looks like a double top right here.

We get the first stop, we got the double top and what usually happens is like a slow fade like it's opening up a little bit higher here, but for how long would it hold and if it doesn't hold? How fast am i going to get down to these levels again, not something that i consider um, i'm not. This is just what i'm seeing right now we perform something else later then sure we may have a different discussion, but as of right now, as of the way this looks, i just expect consolidation on bank of america and also like we got to look at jpm And jpm had earnings and it's forming something similar to what amazon did. Amazon had earnings exprops and then they tried to refill it, but it couldn't quite get there. It took like almost two months.

It took amazon to do something like this drop and then try again later on. So let me show you this is. This is what amazon amazon did right here, so it was from this period right here right. So right now i could say that jpm is probably around here again.

It really depends on how the overall market is, if it stays if it stays indecisive and the volume goes down and we start going bearish. We may see something similar like that. So jpm again right over here where we see this and then maybe maybe maybe we might see that maybe all right, that's my honest thoughts on this stock, and that is the end of the video again do not forget to annihilate the like button for the youtube Algorithm, as always, helps the channel a lot. It allows more people to get this knowledge as well.

Also, if you are new to the channel - and you haven't done so already - definitely, click on subscribe and click on the notification bell, along with all notifications. That way, you don't miss out on these videos. If you would like to be part of a private discord community, you can find that as the first link in the description of the video below. If you are not following us on social media, you can find me at paul nagula at the knowledge lab on instagram and on twitter.

And lastly, if all of this is brand new to you, if you're interested in getting started in the stock market, i left some very basic, step-by-step directions in the description of the video below step, one to step three, it only takes about 15 minutes or less for You to get signed up with all the tools you need to start trading immediately. You can also get two free stocks, valued up to 1850 dollars, rather than end up with weeble, using the third link in the description of the video below. Once again, ladies and gentlemen, my name is paul guma, with para knowledge lab where we trade patterns in patterns only - and i will see all of you in the next video you.