AMC & GAME STOP - 1 WEEK LEFT TO SQUEEZE ? 💥

Published: Sep 02, 2024 Duration: 00:05:39 Category: Education

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okay guys so what's going on with GameStop and AMC for today the market open and we have 4% of jump so I got many question from you guys about the squeeze and what's going to happen and is that the beginning of GameStop actually squeezing this is the most important question right now for this week in beginning of this month because we've got uh some interesting thing going on for GameStop right and you see here we've got almost uh uh 0.5% increase in premarket Bill trading we have some volatility in a pre-market it happened today so this is could be a warning sign for some big will about to buy GameStop so let's dive deeper guys and discuss GameStop and AMC and of course we're going to discuss AMC because it's still hugging the resistance that we discussed in the last month so guys we always do update for GameStop and AMC not just those two stocks and of course today we traded the biggest stock for today is named BF we traded in our live streaming as you can see here guys BF we said the 247 is the resistant and hit all the profit taking almost the $4 and of course this jump was almost 64% for today so great hunt for our Hunters now let's dive deeper don't forget to hit the like And subscribe if you want to join our live stream for tomorrow of course 2 hours 30 minutes before market open on our Discord and be the link in comment section Below in the meantime keep watching our update for GameStop and AMC and of course the tomorrow update will be around 30 minutes before the market open or around 9 a.m. eastern time so for GI up guys we have unusual activity of course for today uh in the premarket before the market open once the market open the price went down and now it's just 1% up for AMC at least so we neutral we don't have some kind of reaction that uh make us sustain the gain this is show us that the short sellers is more and bigger than the buyers that's why even we jump for today for 5% we don't hold the gains mean there's an another short seller is still around the 2630 yes we broke the resistance that we discussed before the 23 however we still below the main resistance are on the 2630 where we're going to have the DraStic change in the price and of course holding the gains how much we missing here 11% for GameStop to start pumping up at least around the $30 for this month not just talking about the next month or after few months no this is a short term so don't use my what I say right now and say GameStop like going toward the 30 and you tell me in the comment section like we should go toward the 100 and more or even 500 I'm just discussing the near future price action and of course we have earnings coming up for uh GameStop this month 10th of this September after hours I think will be after one week exactly from now on Tuesday next Tuesday next week so this is would be a FAL week for GameStop after let me just show you here after slowness of reaction or big bearish momentum down for GameStop since almost two months so we're going to see a drastic change like happened before if you remember after we have the earnings we have huge jump before the earnings after that huge dump down almost 50% so we might have the opposite reaction uh bump down then huge reaction up so we have to discuss this reaction later on uh for the coming days of course because r we are still below the 263 uh if we go back for AMC technical we see that AMC doesn't have any reaction because the earnings is a bit far around November the 1th of November so this is uh explain why GameStop pre-market we have more action for GameStop than AMC because AMC already had the the earnings and it jumped of course we pumped down and jumped so that's why we said we might have the same reaction for games stop PMP down then jump up so this is for AMC right now we still have the $4 do and we still have this descending channel to break and of course how much we could jump yeah we need at least 15% you see GameStop have 11% for AMC have 15% to jump and squeeze so this is not uh the the gain but we missing 11% in gain in order to start squeezing and have uh short cover around the $57 so nothing changed for AMC not for GameStop big things change which is as we said here in the pre-market we have unusual activity in activity for the polls and uh it was just 0.5% increase but this is better than nothing and that's why we went down we need at least increase in volatility for games of at least 10 20% to trigger the first resistance and after that we might go toward the 50 and Beyond around the 100 we're going to discuss games and AMC d by tomorrow so don't forget to hit the like subscribe and of course see you by tomorrow thank you for watching

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