Warning: file_exists(): open_basedir restriction in effect. File(/var/www/vhosts/youtubersblog.com/public_html/wp-content/db.php) is not within the allowed path(s): (/var/www/vhosts/youtubersblog.com/:/tmp/) in /var/www/vhosts/youtubersblog.com/public_html/wp-includes/load.php on line 545
Amc gamestop : apes show strength what to watch for next – Matt Kohrs

Surplus electronic parts : https://epartsconnect.com
Stock and Crypto AI Prediction : https://stocksignalslive.com

Dumb Money Update: What To Watch For Next
Let me know your thoughts on AMC & GameStop in a comment below!
Want better Stock trading?
๐Ÿš€๐Ÿš€๐Ÿš€ No PFOF, NO Market Makers: https://public.com/MattKohrs
FREE Crypto ($25 on Voyager): https://bit.ly/VoyagerKohrs
Referral Code: MATT21
๐Ÿฆ†๐Ÿฆ†๐Ÿฆ† New Rumble Channel: https://rumble.com/c/MattKohrs
๐Ÿฆ†๐Ÿฆ†๐Ÿฆ† New YT Channel: https://www.youtube.com/c/MattKohrsClips
๐Ÿ’Ž๐Ÿ™Œ๐Ÿš€ Charts: http://bit.ly/MKohrsWebull
๐Ÿ’Ž๐Ÿ™Œ๐Ÿš€ Moon Gang Merch: https://moongangmerch.com/
๐Ÿ’Ž๐Ÿ™Œ๐Ÿš€ Benzinga: https://bit.ly/KohrsBenzinga
๐Ÿ’Ž๐Ÿ™Œ๐Ÿš€ Discord: https://www.patreon.com/MattKohrs
๐Ÿ’ฐOptions Picker: http://bit.ly/Tiblio
๐Ÿ’ฐTradingView: http://bit.ly/TradingViewChartingSoftware
๐Ÿ“ˆOrtex (7-day Trial): http://bit.ly/Ortex
๐Ÿ‘ปCyber Ghost VPN: https://bit.ly/MoonGangVPN
FREE Crypto ($10 on Coinbase): https://www.coinbase.com/join/mkohrs_PQrr1A
Safely Store Your Crypto: http://bit.ly/KohrsNanoX
๐Ÿš€ YouTube Channel: http://bit.ly/MattKohrs
๐Ÿฆ† Twitter: https://twitter.com/matt_kohrs
๐Ÿ–ฅ Twitch: https://www.twitch.tv/matt_kohrs
๐Ÿ“ท Insta: https://www.instagram.com/matt_kohrs/
Venmo: @Matthew-Kohrs
Book Recommendations:
๐Ÿ“–Technical Analysis: https://amzn.to/3p6QYk8
๐Ÿ“–Trading Psychology: https://amzn.to/2Z3sjCM
๐Ÿ“–Stock Operator: https://amzn.to/2N76K1j
๐Ÿ“–Pit Bull: https://amzn.to/2Ndk4kV
Video As A Podcast:
๐ŸŽง Apple: https://podcasts.apple.com/us/podcast/moon-money/id1550699494
๐ŸŽง Spotify: https://open.spotify.com/show/6kdJCHY0VMqLzIxwCHU59A
#AMC #GameStop #MoonGang
Want to mail me something?
900 N 19th St
PO Box #3267
Philadelphia, PA 19130
* Be sure to write my name on any package *
Please be sure to LIKE, SUBSCRIBE, and turn on them NOTIFICATIONS.
Let me know in the comments if there is anything I can improve on moving forward.
Thanks for Watching!
RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
Video Topics:
trey trades, trey trades amc, matt kohrs, matt khors, matt kors, amc, amc stock, amc stock prediction, amc short squeeze, amc live, amc stock live, amc squeeze, amc price prediction, amc gamma squeeze, amc predictions, wsb, wall street bets, investing, trading, stocks, stock market, best stocks, top stocks, gme, gamestop, stock squeeze, gamma squeeze, mvis, mvis stock, doge, dogecoin, btc, bitcoin

What's going on moon gang happy monday, happy monday, happy monday: this is your dumb money wrap up for monday august 23rd and we're seeing some very exciting things going on in both amc and gme. So, let's hop right into it. Amc closed out the day at 36.78, which was a gain of 6.9 percent and gme closed out the day at 164.89, which was a gain of 3.5 percent. I am very happy to report that both of these closing levels represent important technical breakouts for both amc and jamie, but before we get into the technicals the short interest and all that there are some other things i want to quickly touch on.

First of all, this prompted a little bit of a stir. Today this is from gary gensler, who is a father of three. He loves running looking at mountains, and i guess is really into shoes, but anyway he's the 33rd chairman of the sec. He tweeted this out today.

If someone asks a lawyer, accountant or advisor, if something is over the line, maybe it's time to step back from the line going right up to the edge of a rule or searching for some ambiguity in the text or a footnote. May not be consistent with the law it and its purpose, and then he had a follow-up, and the thing i thought right here was: this includes deceptive conduct by private funds offering or accounting frauds insider trading market manipulation, failures to act in retail customers, best interest, reporting Violations best execution and fiduciary violations or any other form of misconduct, so right there, he really did hit on all the things that we've been talking about as an ape nation community. Like hang on, there's a lot of this craziness going on, which is helping the. I guess the playing field of wall street remained tilted in the favor of wall street insiders and that's how they make billions and billions of dollars a year.

So right there, a big thing is yes, it is one thing to talk. The talk it's another thing to walk the walk. Personally, i think that gary gensler does have our best interests and heart do, i think, he'll be able to execute on it. I mean i guess time will tell honestly i mean like.

I said it is a very different thing. Actions do speak louder than words and right there like there's a question. Is it him? Does he not have the tools or resources? Does he not have generic political support? Does he not have support like? Are there too many lobbyists on wall street really giving money to other political? I guess pundits and people who have influence that really don't want him to be successful, but whatever it is i'd like. Maybe i'm a little naively optimistic i'd like to think that he does have our back, and i hope that maybe i know justice isn't the most swift thing, but i hope it is progressing in the right way.

But my opinions aside, mark cuban right away, threw down the gauntlet on him. He followed up not much long after the original tweet out. This is such you didn't start the bs. Please don't continue if you were working on behalf of investors, you would make it easy for questions by investors and business people to be asked and answered.

You make it near impossible. Those can't afford lawyers can only guess right there. I think mark cubans also spit in some facts like right there. I would love if there was some sort of public forum where we could ask mr gensler the chairman, like what's going on, have you looked into this? Can you explain more of the plumbing and what you see from the legal aspect of things? I think right here, uh, like i said, i'm i think gentler is trying to fight for us, but i think cuban right here really spit in some facts about the current system and good commentary on the system, and it is very, very difficult to speak to and Reach to people such as the chairman and get some actual factual answers so feel free to check it out it's these are both live on both of their twitter still anyway, let's switch gears up a little bit to amc, which had a great day, but before we Get into the technicals, i want to quickly address one story so right here it seems like every week a news story grasps our community and i just i was wondering i'm like do i address it.

Do i not address it? I just want to make this very swift right here: amazon to buy amc negotiations reopen stock value. This is by lucas uh. It came out on august 22nd, so that was on sunday. No, no! No! No! No! This was previously discussed no picture a website that looks like it came out of the 90s.

I see no validity to it. In fact, a lot of the sources right here, if you follow the trail of it, the main source that the crux of this information was written on, came back from the daily mail back in 2018 or sorry 2020. Some of the sources were 2018, but just let me correct myself. This is from 2020, so not even really within a year now, and at one point this was discussed, but just so you know this discussion between amazon somehow acquiring amc.

It is not new news. In fact, there's if you look at the news reports of this no credible source is talking about this at all, and since this was discussed, we have a new kind of issue of the fact that we know from early june that a majority of ownership is from Retail investors, like you and myself so at this point i mean maybe i'm wrong on this one, but i'm pretty sure that this would have to come to some sort of shareholder vote because we no longer have one single entity such as wanda. That has a controlling vote in amc. Maybe i'm getting that wrong, but overall it doesn't really matter because this isn't going to happen.

This is not something this. Maybe it's not the definition of fud, but this is just i guess, taking away from the main things that we should be focusing on, so i just want to put this to bed amazon to buy amc. This is not new news. This is actually very old and the main source is from 2020 may of 2020, so i really would not pay attention to this at all.

What we should be talking about is some of the exciting things that we're specifically seeing in amc's chart, but let me quickly paint a picture for you. The s p 500, which is very commonly thought to be a barometer for the overall stock market, hit a new all-time high today of 448 and right here. I think it's going to keep trucking up to the all-time high of 450 and remember this is the week of the jackson hole symposium where the federal reserve is going to be talking and hopefully coming up with some sort of reasonable plan for their tapering of asset Purchases without blowing up the entire stock market, but right now obviously there's quite a bit of optimism coming into this, and even though this is a new all-time high ding ding ding winner winner chicken dinner, i do believe there's going to be some sort of key psychological Resistance at the nice round value of 450, but the strength in the s p 500 is pouring over into the strength of the russell 2000, which is tracking 2 000 small cap stocks, and this is important because amc happens to be one of those 2 000.. Nice gap up in continuation close out the day at 219.62.

I think its next stop is going to be around 221. Not only is this previous support resistance, it is also roughly lining up with this trend line, so i want to see how it reacts there. If you look for a breakout around 224 225, that would bode very well for amc, but even that we are seeing strength. But this is the level i would particularly be watching on the etf iwm, which is tracking the russell 2000 index.

But we are seeing strength in the market, the broad larger market. Now, let's switch it up 2 amc before we get into the charts just very quickly, so you know the or tax data. Today there was a net return of 1.4 million shares with borrowed shares being 2 million very friendly reminder. The return share is a 3.3 million.

This is a combo of two things. Shares that went out on loan were never short and are simply being returned or shares that went out on loan went short, were covered at earliest two days ago and are now being returned. This is in no way saying that 3.3 million shares were shorted that were covered today on monday august 23rd, but anyway, with all that the short interest on amc is 17.95 utilization above 90 and shares on loan. Just south of 107 million here is the daily look at amc.

Let me quickly hide all the technicals just so you can kind of see. What's going on, we had this massive ramp up at the end of may into early june. Then i got hit consolidated. We went from a bull trend, consolidation to a bear trim and over the past week we've seen some things actually start to shift, and that's why i've been talking about hang on.

The momentum is going from bears in control to it seems like the bulls. Are the bulls the apes are starting to get the upper hand? Reason for that is we've been testing this. This was the one two third, this is the fourth slash fifth official test of this trendline, and today i'm pretty decent volume. I mean amc.

Did trade 75 million shares we closed above that trend line, so i wouldn't say this is a confirmed technical breakout. Yet we have to see what actually happens tomorrow. Obviously there are things such as fake technical breakouts, but overall we closed above it. That is a big win for the amc apes, the rsi.

We have a lot of room to go before it's overbought and let me quickly show you what's going on with the macd right here before i was talking about using this as a nice indicator of like okay, we have this bullish trend in the green. We had a bearish trend in the red, well we're still holding the bullish green trend right here. So this i'm just there are various technical indicators. We see whether it's technical breakouts, the rsi macd.

We are seeing that the apes, the bulls are currently in control and kind of have been ever since august, 11th august 12th. This double triple bottom. Around 30., we put in a higher low we're above this trend line and, as we can see on the smaller time frame right here, we were rejected at 38. This is exactly the level that i've been calling out in my technicals, the technical breakdowns we saw.

This run up, we ran into resistance at 38. Also aligning with this trend line. We took a breather. The rsi did go oversold.

We bounced off of that at first. I was watching this breakout of the trend line in the low 36s. It struggled there on an intraday basis and then finally ripped - and we got a double rejection going on at 38 and, as you can see, 38 is becoming overwhelmingly important resistance, resistance, resistance, resistance resistance. So, for me, the game plan is to see a test and fingers crossed a breakout of 38 and then from there we'll be watching the region of 40 to 42 42 would represent a major technical breakout and then for me, in my opinion, that would set up A test of 46, but we'll talk about that when the time gets closer in terms of support for tomorrow and for the remainder of the week, let's watch 36., it's a breakout level.

We see some support. We see some resistance. We see some consolidation in the extended hours training back here on august 10th. Overall, the main support level i'm watching is 36, the main breakout level i'm watching is 38.

That's my game plan as we proceed with the remainder of the week, but overall amc, it's safe to say that the bulls, the apes still have the momentum and things are nicely trending in our direction. Now, let's talk about gme here is a quick look at its daily chart, bigger view, but before we do a breakdown on this, as you can see, it has had a pretty nice breakout quickly with the or text today there was a net borrow. 40 000 shares. The short interest is 11 utilization, 37.6 shares on loan of just over 7 million.

Now, once again, back to the charts we've been watching. This is a very nice breakout on jimmy. Not only are we getting out of this wedge, but look ever since august, 9th all the way up to august 18th, it could not get above 164 and it definitely didn't close above 164, and yet today we broke above it. We had this trend line breakout the resistance breakout.

This is actually the highest closing value we've had since july 29th on gme. This is very, very good for gme, very good. Let's go to a smaller time frame just so we can see what's going on here. All this battle at 164, never a nice close today we broke above it.

We came above the resistance. Yes, the rsi is a little overbought right now, so maybe it needs to take a half day breather or something like that, just to give the rsi some time to cool off, or maybe he doesn't care about the technicals at all. Maybe people are going to see this break and be like we like this. We, like the risk, reward setup and we could see this rip, but overall amc and jimmy both having very strong days percentage-wise, both in the green nicely in the green.

But it's even better when you look at the technical development in the charts, i think there's many people that have been sitting on the fences and saying is this: my trade. Is this not my trade? I don't know if i want to get involved and after today monday's action, i think a lot of people are starting to get excited and maybe, if they've been kind of uh teetering on the edge. This might be what we finally need to see. Some even more strong momentum follow through.

So this to me in my book, as you can tell very very excited for how we started this week off and i'm even more excited to see what the remainder of the week brings. But overall amc looking good gme looking good and i would love to get your thoughts in a comment below. If you want to help me out with the algorithm, you will know all that good stuff, all that type of engagement, and until i catch you next time for me and chair best of luck in the markets, you.

28 thoughts on “Amc gamestop : apes show strength what to watch for next”
  1. Avataaar/Circle Created with python_avatars DustOvisioN says:

    SEC are a Disgrace,

    The FAcT that Retailers have to "do the DD" and "Provide Proof" & "a 3 -4 month action plan" of what hediges are planning to do is Beyond Shameful.

    Before they(SEC) can Take Action. SAD

  2. Avataaar/Circle Created with python_avatars tony montana says:

    Brother apes let's make a gentle men's agreement that our floor should be 50k, I know all true apes are gentlemen , stay strong and hold my brothers.

  3. Avataaar/Circle Created with python_avatars Griffon says:

    Guys, AMC is exploding right now? 26% gain for the day!

  4. Avataaar/Circle Created with python_avatars Dennis Tang says:

    With all the synthetic shares out there buying amc would have been impossible, that would mean expose all the synthetic shares and buying out 50% of the total shares.

  5. Avataaar/Circle Created with python_avatars Evan Reed says:

    Hahahahahaha you just said he has out best interest at heart!

  6. Avataaar/Circle Created with python_avatars Cole Ile says:

    We had the Amazon talk back in February or March lmao it was disproven then and it's the same sources. Some of you guys are crazy

  7. Avataaar/Circle Created with python_avatars Michael Mashburn says:

    So far Gary Gensler is just offering lip service… Let's see some action

  8. Avataaar/Circle Created with python_avatars ZekeBriarcliff says:

    I seriously doubt that Gensler has the time to spoon feed spoiled brats like Cuban. Get over it. I'd much rather he continue his focus on WORK more than placating these childish demands.

  9. Avataaar/Circle Created with python_avatars sanchita Rani says:

    What is the price prediction for AMC now? When the squeeze happens

  10. Avataaar/Circle Created with python_avatars Nick Poolsaad says:

    โ€œTime is very slow for those who wait. Very fast for those who are scared. Very long for those who celebrate. But for those who love, time is eternal.โ€

  11. Avataaar/Circle Created with python_avatars Steven Valero says:

    Gary Gensler action speaks louder than words and lies less.

  12. Avataaar/Circle Created with python_avatars Chris Barlow says:

    Please AMC go insane tomorrow need to up my down-payment for a house …….

  13. Avataaar/Circle Created with python_avatars Idaho Washington Real Estate says:

    Not Robin Hood, what platform is recommended to get in?

  14. Avataaar/Circle Created with python_avatars JF says:

    gary likes nice shoes, long walks on the beach and turning his back on corruption !!!

  15. Avataaar/Circle Created with python_avatars defcon2008 says:

    I'm predicting Tue – Thu that they will drive the price down and we'll be right at $33 or $35 by Friday. I hope I'm wrong but I've seen this play out too many times to get my hopes up that this week will be any different

  16. Avataaar/Circle Created with python_avatars MuadDib(kevpimp5) says:

    AMC and…CYBN to the MOON! You(Cybin) had me at Sublingual Psilocybin!

  17. Avataaar/Circle Created with python_avatars Jess Dinsmore says:

    Matt, I love that you do the research instead of just spewing out whatever anybody posts on Reddit or Twitter. Thank you, ape!

  18. Avataaar/Circle Created with python_avatars Davethehorse says:

    We could consolidate at 38 for a couple days then get some huge momentum to smash through!

  19. Avataaar/Circle Created with python_avatars Josh Davidian says:

    "Who's Gary Ginsler?? (In Rogue the Legacy's voice)

  20. Avataaar/Circle Created with python_avatars George Francis says:

    Mr.gensler is trying his best,but hedge funds have deep pockets,8n all politicians.Millions in kickbacks,tilted laws.

  21. Avataaar/Circle Created with python_avatars Aaron Laird says:

    You know Matt is excited when he comes out with the video this fast after close, my thoughts are I need to buy some gme

  22. Avataaar/Circle Created with python_avatars Mike Millspaugh says:

    Thanks for the update and for clearing up the Amazon buyout bogus storyline

  23. Avataaar/Circle Created with python_avatars Trading Experiment says:

    AMC price will shoot up to the amount of how many likes on this comment….watch back at a later date and see

  24. Avataaar/Circle Created with python_avatars JW says:

    I've ignored this a few times thinking you might've just made a mistake but I gotta toss it out there. SPY is an ETF that tracks the S&P 500, as you are aware. However, the price of the ETF is not the same as the index itself.

    SPY hit an ath of 448 today, yes. But you say the S&P 500 did, which actually closed at more like 4,480. I know it seems petty but unfortunately we're in an industry where semantics like that matter.

  25. Avataaar/Circle Created with python_avatars J Ps says:

    Need to smash that 38 dollar mark for good! Head for 40 & consolidate

  26. Avataaar/Circle Created with python_avatars Edward Morrison says:

    Can you find out from Ortex who does and who doesnt report. Who is the missing 15%?

  27. Avataaar/Circle Created with python_avatars Big Sauce Boston says:

    How is it buy orders can out umber sell order day after day, week after week, month after month but the price goes basically sideways? Makes no sense

  28. Avataaar/Circle Created with python_avatars Aidenius says:

    One small step for AMC. One giant leap for Apekind.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.