What is going on moongate, what an absolutely insane day in the stock market? My name is matt, and this channel is all about stocks trading and investing. It looks like we're setting up for round two of the gamestop amc short squeeze gamma squeeze whatever you want to call it, but i'm calling it our trip to the moon in this video i'll quickly be covering. What's going on with both gamestop and amc, i'll be sharing my own positions in both of those companies and then i'll be doing a technical breakdown. So we have a better idea of what price levels to pay attention to during all the stock market.

Craziness that will most likely ensue tomorrow, but before i get into all that, don't forget to join up with the moon game by hitting the subscribe button on my journey to 100 000 subscribers and your help with that would be truly appreciated. Alrighty, let's hop into the video so amc which trades under the ticker symbol, amc is currently at ten dollars and ten cents. It closed out the market just above nine dollars, so today it gained 18, another 11 after hours and thus far in 2021. It's up a ridiculous 328, and just so you know at its peak as i'm filming this in the post market trading was just above 11.

On the other hand, we have gamestop, which managed to gain 103 percent. Today, an extra 54 in after hours it trades under the ticker gme and thus far in 2021. It is up 386. Just so you know it hit just below 200 in post-market training today, on february 24th, just to throw my prediction out there right now.

I have no clue if i'm going to be right or wrong and of course this is not financial advice. This is for educational and entertainment purposes only, but i strongly believe that both of these stocks will be trading much higher tomorrow. Before i hop into my own positions and the technical analysis of these two stocks, let me just share some of the headlines that were just posted games. Stock, jumps, 100 and wall street bets is ecstatic.

Amc entertainment as stock rises, wednesday outperforms market and, of course, gamestop and amc stock spike anew as reddit struggles to stay online. That's right, reddit was down for bit. Of course consider conspiracy theories are already flying, but there are many many headlines like this and for a long time on this channel, i was saying for the true stock squeeze in either of these socks. To really have a chance.

It needs to get back into the new cycle and that's exactly what's going on. We need the general public retail traders to once again be interested, and i think this is the exact start of that all right before we hop into the technical analysis of both amc and jimmy. Let me share my own positions. This is just my small robin hood.

Account today was a pretty rough day up until 3 p.m. I was actually down two and a half grand and then i switched over to gme amc and i don't know if you're using robin or not, but i had an incredibly difficult time feeling a gme position. I, if you've watched any of my other portfolio, update videos, you knew i used to have a ton of stocks. I sold them all.

It was a fire sale. I've been swinging. These gme positions uh these stocks. I have eight shares from 200.

This happened during the last short squeeze, i'm still down about 29. I was almost break even in post market. I added an extra 25 shares of amc today, i'm in at 8.57, so i'm now officially positive on it at uh. One point today i had 125 150.

I bought it more, but the big money maker are these call options, so i have a nine dollar strike price. It expires mid-march. So i have a good amount of time for this to uh. Let the trade develop.

I own 12 of these call options. Each one cost me 1.26 cents as of now i'm up 78, but i'm hoping that amc continues to moon. I would love to see amc above 25, 30. 50, the higher the better uh for gme.

These were the ones that i had a tough time filling today. I was only able to get two um hundred dollar strike price expiration date, if not this friday. Next friday march 5th, i paid 11 per contract. As of now i'm up 125..

I truly truly wish, of course, hindsight buys to 2020. Of course, i wish i got more, but this is the best file i could have so we're just gon na have to play with the cards that i was currently dealt and just so you know i do have some palantir call options. That's a little bit more boring. We don't have to cover that um, so i bought fsr at the end of the day.

That's another ev company. It looks like they're pairing up with foxconn to help apple build their own ev and i do have one tesla call. 750 strike expiration date of march 5th. I bought in at 1930 up 37 - i'm just covering this, because i like to share my portfolio, be as transparent as i possibly can, but obviously heading into tomorrow's trading february 25th.

I am very very excited about what happens in both amc and gme, and this is why we will do the technical breakdown, so we know what price levels to pay attention to. So, let's start off things with amc, of course, ticker symbol, amc back on january 27. It hit a market high of 20 and 36 cents. Since then, it's been actually a pretty brutal sell-off since that high moderate work, high water mark, it's down actually 55 uh.

But since then it's been banding back around right now we're trading at 1006 and the main levels i'm watching uh come right here. So we have a support at 623 and then up here around the 975 to 10 area. There is resistance, but now that we're on the top side of that, i'm looking for it to become support in the world of stock trading. It is very, very common for previous support to become resistance and vice versa, for resistance to come become support.

On top of that, we have a very um important, additional technical structure and it's this gap region. If you look from february 1st, until february, 2nd the low of the day was just below 13 and then the high of the next day was uh 10. So we have this 2.80 gap. Market makers love filling these gaps.

They love to test the untested areas to see what type of supply and demand is there. So i feel that if tomorrow, when the market opens, if amc is above this - and we can hold this 10 mark, i think there's an incredibly high chance of it at least filling up to 1291 and honestly, if we see the short squeeze or gamma squeeze become A reality i think it could go higher and higher past 13. I would recommend paying attention to 16 1650. When we were in this debacle back in late january, there was a lot of resistance there, but really i'll be watching for 17.25.

So these important technical levels, this gap region and then these yellow lines of previous support and resistance, will be very, very important tomorrow. So if you want to screenshot this, do whatever you need to but pay attention to these price levels, because i think a lot of people will be targeting them for not only taking profits but to create shorts. They are very, very important price levels and now, let's switch over to gamestop, to do the same thing um, even though these are completely unrelated company companies. These stocks look very, very similar, gamestop, currently trading at 140.

It ended the day at 92. trades under the ticker symbol gme during on january 28th. It hit an all-time high of 43., i believe in pre-market trading. On that day, it actually hit 500.

Since then, it's been selling off since this high gamestop is now actually down. Almost 81, so in terms of what technical levels to pay attention to right now, it's trading around 140, which is right about here so similar to that gap, region that we have with amc. We have a gap on gme from 158 to 212, i'm very much looking for this gap to get filled tomorrow. Of course, if there's enough bullish strength enough of a short squeeze gamma squeeze, i think we could see it go even higher.

The next thing i have mapped out, i think there could be a bit of a struggle at 250., not only is 250 a key psychological level, humans love to take profits and create positions at levels like that so 250. It is also previous support, so it could definitely act as resistance but past that i'll be looking at 322., so once again we're at 141. It hit almost 200 in post market trading today. So these are the levels i'll be watching.

160 is the start of the gap. Then we have 212 pass that 250 and then pass that 322. A lot of people have been asking me how long this can take. I don't think that the short squeeze will happen all in one day.

I think that this will play out over a couple days. Of course, we have to make sure that brokerages aren't limiting us again like we saw with robinhood and really a lot of the other training brokerages like we saw last time in late january. So, let's see how this all plays out, i think there'll be news. Breaking i'm sure some trading brokerages will have issues.

Others won't um, because of all that, what we've been doing on this channel is live streaming. The market open close. I promise i will be there for this entire thing. As things play out, we will be going over new, updated technical levels, we'll be going over the breaking news and we'll just be playing this all out as it happens, live.

So. If that's something that interests you, we are live at the market, open market, close check check that out come back to this channel. We will be doing that, so you don't miss out, don't forget to join up with the moon game by hitting the subscribe button. You can go over to the bell: icon switch it to always, so you get the notifications of when we're going live.

When we're posting videos like this, if you want to stay up to date on all this craziness, that's one of the best ways to stay in tune with the moon game. And, of course, if you want two free stocks check out the link to weeble. I know we're all getting pretty tired of robinhood, so if you sign up you get one free stock. If you then deposit a hundred dollars, you'll get another free stock.

When you go through that process, just so you know, i will receive one uh free stock myself. It's a win-win situation for the both of us. In the worst case scenario, you're gon na get a free ten dollars. In the best case scenario, you'll get up to one thousand eight hundred fifty dollars, it's a great way, uh to kind of start.

Your trading training, career um, getting two free stocks and, of course, uh who doesn't want free stocks, and if you already have a trading account, it doesn't hurt to have a backup one because you never know when weird issues like we saw in late january will arise Again, i'm expecting a whole bunch of wall street suit. Hedge fund shenanigans tomorrow so definitely be on the lookout for some pretty wonky action. Of course, uh check out that live stream to stay in tune. We there's a bunch of us that will be monitoring the entire situation.

I hope to see you there and if you can't, i understand, if you're busy something like that, i wish you the best of luck in the markets. You.