Get Ready for a Wild Week Ahead! - AMC Stock Short Squeeze update

in recent developments GameStop stock is on the verge of a significant movement and am MC stock is anticipated to follow sup this week hey welcome to MC daily if you are new to the channel be sure to subscribe to the channel and turn on post notifications by hitting the Bell so you never miss any of our uploads and also enter our giveaway but everyone remember this is not a financial advice video as of last Friday AMC's stock price settled at $482 marking a flat trajectory for two consecutive days meanwhile GameStop exhibited notable volatility with an 8% increase on both Thursday and Friday currently after hours trading shows GameStop surging over 3% to around $24 this upward momentum suggests that GameStop may be poised for a substantial movement in the near future however GameStop has seen a significant surge in trading volume recently for the last 2 to 3 weeks GameStop's trading volume was relatively low averaging between 3 to 4 million shares daily on Thursday this figure spiked to over 10 million shares and Friday saw an even higher volume of over 15 million shares given this trend it is plausible that Tuesday's trading could see volumes exceeding 20 million shares the situation Bears a resemblance to what occurred in May when Gamestop experienced a dramatic increase on May 13th and 14th GameStop's stock price soared from $10 to $17 a gain of over 70% during that period AMC stock remained relatively flat at $2.90 even as Gamestop surged this historical pattern suggests that a MC might follow GameStop's lead once again potentially starting tomorrow it is crucial to approach this with caution as predictions are inherently uncertain nevertheless there is a strong expectation that both the MC and GameStop stocks we'll see an upward Trend this week the recent surge in GameStops trading volume indicates that significant changes might be on the horizon this week is shaping up to be pivotal particularly with September's earnings reports due next week on September 10th anticipation is building that GameStop will announce positive developments potentially leading to a significant price increase possibly exceeding 100% by the end of the month additionally there is excitement surrounding the potential return return of prominent figures in the GameStop Community such as roaring Kitty if he reappears and confirms his holding in GameStop it could further amplify the stocks trajectory his average purchase price was around $234 and any affirmation of his position could fuel a substantial rally for GameStop for MC there's a notable sentiment on social media highlighting the bullish Outlook some believe that the negative commentary about a MC may stem from short sellers strugg struggling with their positions rather than reflecting the company's true Financial Health the upcoming box office performance is expected to be robust with Q3 of 2024 potentially marking the strongest quarter in history this optimism is bolstered by forthcoming releases like the Usher concert film and Beetlejuice which could contribute to a record-breaking quarter given that the box office has already grossed over $2.1 billion in Q3 with a few weeks remaining AMC stock is anticip ipated to rise as the company's recovery gains traction moreover recent technical indicators for GameStop also suggest a potential bullish reversal the most recent Candlestick pattern observed is a hammer Candlestick known for signaling a reversal after a down trap this pattern characterized by a small body at the top and a long Wick below is currently visible in GameStop's charts hinting at a possible surge past $50 in legal news Citadel and other short sellers are now named in a RICO lawsuit in Georgia accused of defamation this development could further impact the stock prices of GameStop and AMC the market is observing significant activity with substantial net call premiums indicating preparations for a major move on Friday net call premiums reached $5 million marking a notable increase from previous levels looking ahead q3's box office performance is expected to continue driving an MC's stock upward with strong movie releases and a thriving box office AMC's stock price could potentially see substantial gains the historical performance of the box office and upcoming film releases support the optimism surrounding a MC's future prospects in summary both GameStop and MC stocks are positioned for potential upward movements driven by increased trading volumes positive Market sentiment and strong earnings projections while predictions are speculative the current Trends and upcoming events suggest an exciting week ahead for both stocks guys that's all we have for you today what is your opinion about a MC stock get involved and let us know in the comments down below thank you for watching