馃攳
NAKED SHORTSELLING + AMC STOCK RATED 10/10 TO SQUEEZE SOON THE BIGGEST SHORT SQUEEZE IS YET TO COME? - YouTube
Channel: unknown
[0]
what is up everybody my name is dylan space cadet聽
krypton today we're going to be talking about聽聽
[5]
amc stock and its recent pump to all-time聽
highs right now we are seeing a recovery聽聽
[10]
but we're going to go over the price action聽
in just a minute we're going to be talking聽聽
[14]
about some big news to come out recently聽
for the amc stock so if this interests you聽聽
[18]
and you don't want to miss on any important聽
updates on amc stocks or any important stocks聽聽
[22]
that are pumping right now in crypto as well聽
make sure to like and subscribe and turn on聽聽
[27]
all bell notifications so you don't miss on聽
any important updates but let's jump right in
[36]
okay let's start off this video talking about the聽
short squeeze that is still yet to come for a lot聽聽
[41]
of investors here talking about amc that is still聽
set up for potential huge short squeeze that's聽聽
[47]
happening in the very near future and we do see聽
that in this article since amc and gamestop are聽聽
[52]
still set up for a short squeeze we do see that聽
the ir here at s3 partners tracked short interest聽聽
[59]
in stocks in real time and posted a number on his聽
charts on twitter saying that amc and gabe sauce聽聽
[64]
metric is at 10 out of 10 for a potential short聽
squeeze happening and the way he gets these聽聽
[70]
numbers is from an algorithm he created that聽
is not subjected some of the factors are in a聽聽
[76]
short sale liquidity trading liquidity financing聽
liquidity and market to market profit and loss聽聽
[82]
and they said here there is a large amount of聽
dollars at risk on the short side there is a聽聽
[87]
huge large proportion of securities tradable float聽
shorted and there is scarcity to stock loan supply聽聽
[93]
so following all these parameters he found out聽
that amc is a 10 out of 10 on the chart for a聽聽
[101]
short squeeze and if we look right here we do聽
see that 74 million shares have been shorted聽聽
[107]
15 of the short interest of the flow there's been聽
a 13 of the short interest flow and they have seen聽聽
[114]
here shorts are also down 4.5 billion dollars in聽
2021 here so we did see that the short interest聽聽
[122]
which is this orange line right here has increased聽
since march right a lot of people are shorting amc聽聽
[129]
but as we see here we see a huge drop off in short聽
interest because we do see that a lot of people聽聽
[136]
that are shorting mainly hedge funds are聽
actually getting scared that they're going聽聽
[140]
to be losing more money and they're being more聽
cautious here because they did not want to see聽聽
[145]
the same thing that happened to melvin capital聽
when they shorted gamestop they lost 50 of their聽聽
[151]
money if you don't know what i'm talking about聽
let's take a look right here this headline saying聽聽
[155]
that the gamestop investor melvin capital lost聽
50 of his investments in its first quarter we聽聽
[161]
saw that huge move to the upside with gamestop's聽
price we saw melvin capital among other hedge聽聽
[166]
funds lose a lot of money in this case melbourne聽
capital lost 50 of its investments in the first聽聽
[172]
quarter so a lot of people especially hedge funds聽
are more cautious now because they do not want to聽聽
[177]
lose that vital money here they don't want to lose聽
any more of their investors money and so we do see聽聽
[183]
headlines like like this where goldman sachs and聽
other wall street firms to tighten up on lending聽聽
[190]
for short mean stocks as you read here says prime聽
brokerage firms including goldman sachs citibank聽聽
[197]
bank of america jefferies are tightening risk聽
control imposing higher collateral requirements聽聽
[202]
and straight out limiting shorting certain stocks聽
so they know the risk potential of shorting stocks聽聽
[208]
like amc and gamestop and other stocks like聽
blackberry all the stocks that wall street bets聽聽
[214]
and all of them are trying to target to make those聽
huge short squeezes we see the banks are fighting聽聽
[220]
back and saying that they want to limit the amount聽
of money that they're putting into the shortening聽聽
[225]
because they know they're going to lose it they聽
lost so much like melvin capital lost 50 of its聽聽
[229]
investments in that first quarter to gamestop聽
they don't want to lose any more money so聽聽
[233]
a lot of these banks are protecting themselves聽
by limiting shorting certain stocks like amc and聽聽
[239]
gamestop says until further notice jeffrey's prime聽
brokers were no longer offer custody on naked聽聽
[244]
options in gamestop amc and microvision the firm聽
said in a memo to clients seen by bloomberg news聽聽
[252]
and if you don't know what naked shorting is let's聽
take a look at that so we have this other article聽聽
[257]
saying meme stock mania what is naked shorting and聽
why is it trending on twitter and if we look at聽聽
[262]
nick and shorty it was brought to our attention聽
here during the weekend in cnbc by a news post聽聽
[267]
talking about naked shorting but naked shorting is聽
turning on twitter today as it looks like there is聽聽
[272]
no end in sight for the mean stock media as users聽
react to news that kick this all off so as we see聽聽
[278]
here all the excitement around naked shortage聽
started when cnbc host melissa lee mentioned聽聽
[283]
that the practice was taking place with shares聽
of amc entertainment the host said the following聽聽
[288]
while discussing the matter there's a lot of聽
people a lot of short sellers out there borrowing聽聽
[292]
stocks that they do not have now let's take a look聽
at what short selling is naked short selling is so聽聽
[298]
we see here investopedia describes naked shorting聽
as the illegal practice of short selling shares聽聽
[304]
that have not been affirmatively determined to聽
exist so basically they're trying to sell stock聽聽
[311]
and shares of that stock that don't even exist聽
that don't have that aren't available ordinarily聽聽
[317]
traders must borrow a stock or determine that聽
it can be borrowed before they sell it short聽聽
[322]
so a naked shorting refers to short pressure on a聽
stock that may be larger than the tradable shares聽聽
[327]
in the market so basically they're putting selling聽
pressure trying to drive the price down to make聽聽
[332]
money while the stock takes a nosedive driving聽
the price down to make money on the way down聽聽
[338]
that it does not exist and in this case naked聽
shorting is illegal right here and if we take a聽聽
[344]
look at this article as well the key takeaways of聽
naked shorting is that it is now a legal practice聽聽
[350]
of selling short shares that do not exist traders聽
must first borrow stock and determine that it can聽聽
[356]
be borrowed before they sell it short and due to聽
various loopholes in the rules the discrepancies聽聽
[361]
between paper and electronic trading systems naked聽
shorting continues to happen because we do see聽聽
[367]
that people are trading online virtually using聽
these exchanges that we do have these loopholes聽聽
[372]
and also although controversial some believe that聽
naked shorting plays an important and positive聽聽
[378]
market role in price discovery if you don't聽
know what price discovery is it's basically聽聽
[382]
when a stock breaks a previous high and starts聽
just going up to the moon it starts discovering聽聽
[389]
where the prices could go in order for people to聽
take profits or for it to keep going up higher and聽聽
[395]
higher so that's what's called price discovery聽
once it breaks through an all-time high it is聽聽
[400]
just looking to see how high it actually can go so聽
now you understand what naked shorting is why is聽聽
[406]
it actually important why do we care well if these聽
huge hedge funds that have so much money to throw聽聽
[412]
around that they can actually borrow shares that聽
don't actually exist in order for them to cover聽聽
[417]
the price later and buy it up at a cheaper聽
price then that means that they are actually聽聽
[422]
going to have to buy shares that don't actually聽
exist that could even skyrocket the price of amc聽聽
[428]
even higher than it is right now and that's why聽
we saw such a huge increase in amc stock around 83聽聽
[434]
just in the last couple days that we are seeing聽
that this could potentially set up for even bigger聽聽
[439]
squeeze down the road and we see here the recent聽
surge of interest in naked shorting has retail tr聽聽
[446]
traders sending shares of amc stock higher and聽
higher today so we're hearing that this illegal聽聽
[451]
practice is happening and we can see it we can't聽
actually show proof that it's actually happening聽聽
[458]
because of how it's set up and the discrepancies聽
and loopholes between electronic and paper trading聽聽
[464]
but we do see the effects of it happening we can聽
see that a lot of hedge funds are trying to short聽聽
[471]
amc through this naked shorting practice and聽
we see that there's a potential for him to even聽聽
[478]
skyrocket the price even higher so let's take a聽
look at the price right now for amc and where we聽聽
[482]
can see potential price targets in the near future聽
but i actually am pretty bullish on amc just my聽聽
[488]
personal opinion not financial advice but i could聽
see this actually going even higher than it is聽聽
[493]
before especially with all this pressing coverage聽
of people saying that there is naked shorting聽聽
[499]
happening right now remember shorting of shares聽
that do not even exist and if they have to聽聽
[506]
short these shares in order to buy them back at聽
a cheaper price that means that they're going to聽聽
[509]
have to buy back an exorbitant amount of shares聽
that don't even exist making the price go up even聽聽
[515]
higher than it could actually go with the natural聽
price of the shares and the natural amount of聽聽
[520]
shares right now there's 500 million shares of amc聽
so if they have to buy back shares that they sold聽聽
[526]
millions of shares that they sold that don't even聽
exist that could even increase the price of amc up聽聽
[531]
even more than we see today so let's聽
take a look at the price right now聽聽
[536]
okay so currently we see amc is actually trading聽
at around 55 before market close and we are seeing聽聽
[543]
this incredibly huge pattern that's been playing聽
out over the last couple days since the second聽聽
[549]
of july when we had that nice top here at around聽
72 dollars we did see a huge move to the downside聽聽
[555]
causing a low of around 37 but right now we are聽
still currently trading around 55 we are creating聽聽
[561]
this huge symmetrical triangle shape and if you聽
don't know what a symmetrical triangle shape is聽聽
[566]
it is when we have a resistance that is downward聽
sloping and we have a support that's also upward聽聽
[573]
sloping creating this symmetrical triangle聽
pattern and we do see that we are creating聽聽
[578]
higher lows which is a very bullish sentiment聽
and we are looking here on the hourly chart聽聽
[584]
and we do see that we have some big wicks to the聽
downside when we saw that massive dump from 72 all聽聽
[589]
the way down here to 38 but we do see that we are聽
recovering nicely making a second high right here聽聽
[596]
and then coming back down but creating a higher聽
low if we did actually manage to make the price聽聽
[601]
come back down here towards the second low right聽
here we would actually make a double top pattern聽聽
[608]
which is a very bearish reversal pattern meaning聽
that the price would come back down here and聽聽
[612]
start trading in these lower levels but what聽
we did see actually was we created a higher low聽聽
[618]
causing this m pattern to actually be defunct聽
for right now and we are seeing this second聽聽
[624]
wave to the upside here but we are seeing聽
a lot of resistance come in this area and聽聽
[628]
let's zoom in to see exactly what's going on here聽
because i did take my fibonacci retracement level聽聽
[633]
from the swing high meaning the very top of this聽
high towards the very low of this bottom and what聽聽
[639]
came out actually was that our golden pocket is聽
acting as really strong resistance let's zoom聽聽
[646]
in a little bit more and see exactly what i'm聽
talking about but we do see that once the price聽聽
[650]
came back down here and we started to come back聽
up towards this area we found a big look to the聽聽
[655]
upside meaning that the price came all the way聽
up here to 68 dollars but got pushed all the way聽聽
[660]
back down we had a lot of selling pressure come聽
in after it reached that second high here at 68聽聽
[666]
and the price actually came back down here and聽
closed at this level here at around 60 and what聽聽
[672]
we did see after that is we found another retouch聽
of this 21 day moving average which is this yellow聽聽
[678]
line acting as support and we are seeing it still聽
act as support these next coming days after that聽聽
[685]
initial second high here at june 3rd we are seeing聽
that the price is coming back down and retesting聽聽
[693]
it so this is very interesting for the price of聽
amc right now we do see that a potential break聽聽
[698]
to the upside would be from our swing hatch we're聽
seeing low these are be our price targets we would聽聽
[703]
have price stars at 82 and 34 cents 87 and also聽
here at our 1.618 level at 94.48 says around 95聽聽
[714]
and we get also if we measure the move of our聽
symmetrical triangle here from our swing high聽聽
[720]
and our swing low here measuring from the top聽
and bottom we do see in a potential breakout聽聽
[724]
here anytime soon we do see that it is actually聽
lining up perfectly with our 87 price target here聽聽
[731]
and we would also see a psychological resistance聽
resistance at ninety dollars here so i'm gonna聽聽
[736]
post that right here as well here so we see a聽
resistance at this line as well because ninety聽聽
[743]
dollars is psychological resistance and if you聽
don't know a lot of the stock market and trading聽聽
[749]
in general has to do with psychological resistance聽
and support so we see a nice round number like 90聽聽
[755]
or 80 or even 70 those will all be huge聽
psychological resistance so we see a lot of people聽聽
[761]
that would take profit at that price or below聽
that price and that's what we saw here too below聽聽
[767]
we did see that the price got all the way up聽
here almost here to 70 dollars here at 68.95聽聽
[773]
at 69 dollars pretty much and we did see a lot of聽
people taking profit selling and a lot of selling聽聽
[778]
pressure to come back in here but we are saying聽
that the price target could potentially be 87.32聽聽
[783]
if we see the price target hit from聽
this huge symmetrical triangle breakout聽聽
[787]
and what we actually saw here two previously is we聽
saw another symmetrical triangle uh break out here聽聽
[793]
as well and if we zoom in here let's see let's聽
take the fibonacci retracement from this swing聽聽
[797]
high and the swing low so from a swing high down聽
here to the swing low and we actually did hit that聽聽
[803]
price target of the 1.418 or 1.414 and we saw聽
that we hit it exactly right here when it was聽聽
[812]
breaking out at that 41.99 resistance and we聽
saw it almost hit this second uh price target聽聽
[818]
here at the 1.618 at 44.55 and so we saw a huge聽
breakout from that price all the way up here to聽聽
[826]
these higher areas but we do see that like this聽
previous breakout of the symmetrical triangle we聽聽
[832]
could see those potential green price targets that聽
i have here of around 82.87 and 94. for my 1.618聽聽
[841]
price target now let's also take a look at聽
our rsi and we do see the price was forming聽聽
[850]
a bearish divergence here making a higher high聽
and a lower high here and we're having a higher聽聽
[855]
high and a higher high here so this did say that聽
we were going to come in for a correction we did聽聽
[861]
find that correction but we did actually get聽
reset on our rsi our relative strength index聽聽
[868]
and now what we're seeing is i drew this line聽
here this white line in the middle of the rsi here聽聽
[872]
right at the 50 mark meaning once we're treating聽
above this and the rsi is above this white line聽聽
[878]
we are in an uptrend and once it's trading below聽
the white line we're in a downtrend and right聽聽
[883]
now we actually came right here to this 50 area聽
and bounced off of it so if this does hold and聽聽
[889]
we start continually training up here that means聽
that we are still going to be continually going in聽聽
[894]
the uptrend making higher highs so we have to also聽
look out for our rsi as well making sure it stays聽聽
[900]
above this 50 if it starts going below it we do聽
know that we are going to be in for more downside聽聽
[905]
and we can see a potential breakdown of this聽
symmetrical triangle down to these lower areas聽聽
[910]
right here of around 46 dollars and then also聽
once we see this orange line play out this聽聽
[916]
50-day moving average come up here we can use that聽
essentially as support here and eventually come聽聽
[923]
back up or if we break through this as well find聽
a rejection point and come and retest this lower聽聽
[928]
area of here of our previous low at around 38 but聽
it all depends on whether the symmetrical triangle聽聽
[934]
is going to break up or down but we are still聽
seeing resistance here at our golden pocket zoomed聽聽
[939]
in here we do see that we did try to close above聽
the golden pocket got rejected found another touch聽聽
[946]
to the golden pocket meaning my 0.618 to 0.65 of聽
the fibonacci retracement this blue box that i聽聽
[952]
have highlighted right here is our golden pocket聽
and if you are coming from an area here below the聽聽
[959]
golden pocket you're more likely to get rejected聽
from it until you find the momentum to break back聽聽
[964]
up through it and find it as support but if you're聽
coming down from it like we saw right here you're聽聽
[969]
more likely to bounce off of it and continue the聽
trend upwards right now we are going up into it聽聽
[975]
finding rejection here here and here as well so聽
we have tested this multiple times already so聽聽
[981]
that does tell me that we are more likely to break聽
through it because we have tested it so many times聽聽
[987]
but we are seeing our yellow line still acting聽
as support which is very good to see but if we聽聽
[991]
do break from this yellow line we are more likely聽
to come and retest this lower level here at 46聽聽
[997]
and here this lower level where the orange line聽
will come up our moving day average our 50-day聽聽
[1002]
moving average at 44 so that is what's gonna look聽
like for amc right now and currently but we are聽聽
[1008]
seeing a lot of short sellers that are actually聽
very hesitant to start shorting because of the聽聽
[1014]
stuff that i mentioned previously in the video聽
on the naked short selling and what that actually聽聽
[1019]
means but we do see here that we are actually聽
carrying out for a potential very huge breakout of聽聽
[1024]
the symmetrical triangle pattern to that 87 dollar聽
price range so be on the lookout that remember if聽聽
[1030]
you don't want to miss on any important updates聽
on amc or any stocks there are pumping right now聽聽
[1035]
even crypto as well i cover a lot of crypto so if聽
you want to stay up to date remember to like and聽聽
[1039]
subscribe and turn on bell notifications but that聽
is it for this video thank you so much peace out
[1055]
you
Most Recent Videos:
You can go back to the homepage right here: Homepage