AMC STOCK: Price PREDICTION (Short-Squeeze Stocks)

here we have the current stock market update for AMC entertainment Holdings stock ticker AMC before we begin if you find these educational materials to be helpful in your trading please remember to click the like And subscribe buttons and leave your thoughts in the comment section below so that other Traders will be able to find this information more easily on the plat form so here we can see overall that today was another negative day uh this is not totally surprising if you go back to the prior video that I posted for this stock uh this was largely the expectation and there were there were a few different reasons uh why this was likely to be the case so in this video what we're going to be doing is we're going to be going over some of these important price zones uh sort of readjust the Outlook a little bit here uh and then discuss some possible strategies uh here for this stock so that uh Traders can execute some possible uh some positive profitable positioning here going forward so as we can see here uh you know overall the the new price low uh that was seen at 471 has now been broken once again overall this is not a huge surprise the S you know similar activities uh price action was going on with GameStop today uh there was a lot of optimism about GameStop but anybody that saw my prior video on GameStop uh you know we did see several reasons there to believe uh that that rally was likely to be shortlived I understand these are two completely different stocks uh many people are invested in both some are only invested in one or the other uh but you know in many cases these stocks do tend to trade in sympathy with one another so in other words good news for GameStop is often good news for AMC and vice versa uh so but that also applies to to the negative direction as well and we can see that that is the case here so what was really developing in the GameStop price chart was a bearish Divergence we were seeing uh you know a fairly significant price move higher on a shortterm basis uh but it was very easy to get caught up in the hype there and to believe that share prices were just going to continue moving higher uh but there were plenty of signals on that price chart which suggested that that was not likely to be the case unfortunately that is the scenario that played out here doesn't make me feel good to say that to be to be right about the downside Direction I understand that people are losing a lot of money on these stocks and wasting a lot of time on these stocks uh but this is specifically the reason that I did open the uh member section of the trading platform so that I could uh you know offer some new some new stock ideas some new trading ideas for people that are in these types of positions this is specifically what it's designed for people that do not have a huge amount of experience trading the market uh people that might be caught in uh you know bad stock positions because there was just so much hype that was seen on social media it's very easy to get sucked into it I can completely understand uh you know getting excited about some of these things when it seems that so many people are excited about it uh there's nothing wrong with that but what you know there is something wrong with not acknowledging that the fact that a position is is working in the wrong direction uh and then not believing that things are are likely to turn around uh if that's not the most probable outcome so what we have to look at here currently is this sequence of lower lows that has started to develop uh specifically this break below 479 I pointed that out uh previously uh because I thought that that was going to be a very significant move lower uh because over all the suggestion there was that if we do break below $47 $4.79 it's going to be very difficult for the stock to then start to overcome the $5 level once again in addition to that you have a very important uh zone of resistance that comes in right around $520 uh which is likely to work as a very strong barrier uh for the stock even in the event that we were able to uh overcome this $5 Mark so with all that in mind um you know the movement here is is clear it's it's very much in One Direction I will say that you know for the most part the stock market did have a very bad day today there were many stocks that that traded lower I suggest people take take a look at my Nvidia video that stock completely fell through the floor and brought down most of the market with it uh in many cases these short squeeze stocks will not follow that same Trend uh because those the you know the positioning for that stock you know for that type of stock is based on uh you know scenarios or situations that are very different uh from the you know the health of the broader market and things like that I mean they can they can obviously even work in the opposite direction uh but that was not the case here today as we can see uh AMC closed right at the lows of $3.63 and then in addition to that it's a little bit hard toh focus in exactly on this area because it sort of runs into the trading volume here which is what I want to point out okay so the trading volume activity here is the is what I want to point out here so as we're seeing share prices move lower we're also seeing spikes higher in the negative trading volume so what that tells you is that this negative activity in share prices is being confirmed by the trading volumes themselves in addition to that we can also see uh you know a lot of negative momentum here that's showing up in in the relative strength index on this time frame overall this longer term trajectory here is is still showing negative momentum and it and it has been in place for a very long time it's much harder to overcome any technical s signal that's longer term in nature over we're seeing here on on the to the downside on the shorter term time frames here uh would have been you know sort of an emerging possibility at Upward Trend momentum but as we can see here this broke relatively recently uh and that that new uptrend has has completed itself and run its course so essentially what this means is that any fuel you know that you would have you would have expected from from that momentum has now completed itself this really occurred from the move uh from roughly 441 to roughly 520 uh that would have been roughly where the uh this upward Trend momentum started to uh you know exhaust itself and and complete itself so this is not upward momentum that can be Contin that that can be expected to continue or to continue supporting share prices you know in an upward Direction so you know this is an unfortunate chart here I mean there's not a lot here to be positive about and I understand that people probably think that I'm just trying to be negative some people even think that I'm being paid off by a hedge fund which is totally ridiculous I don't have a position in the stock in e in either direction uh what I'm the only the only reason I'm here looking at this these these stocks uh is because I don't think that there is really an unbiased view of them if the if the share price was moving in the upward in the upward Direction I would have no problem uh reporting that and saying that I don't have a position on this stock either way uh so this is probably the most objective Viewpoint that's going to be seen anywhere on this platform because I don't have a I don't have a short position and I don't have a long position so you know as things currently stand the the current outlook here is definitely not posit is it's just not positive uh the the uh the outlook for GameStop as well is still showing a bearish Divergence on this same time frame on the 30- minute price chart so you know that that recent rally was at Major risk and then in addition to that what we're going to be seeing here very soon is an earnings report from Gamestop the last earning earnings report from Gamestop was nothing special there was nothing to be excited about in that report and the current expectation is for is for more of the same uh from GameStop in in the next earnings report so that does create a a possibility for an upside surprise if you've got weak expectations it is easier to overcome a weak expectation uh you know you can look at the Nvidia chart to confirm that they had a high expectation they beat it and it still wasn't good enough uh but you know if if you're if you're talking about GameStop you know you could say that a weaker expectation would be easier to beat uh but if those if those expectations are ultimately correct what you're looking at there in that stock is is more downside and ultimately that is going to drag down AMC as well here's the current market Market Outlook for AMC entertainment Holdings Incorporated stock ticker AMC our high value trading strategies membership is currently available for a limited time for only $9.99 per month these high conviction investment strategies are characterized by 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