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AMC GME LETS F*****G GOOOO!!!!!!!!! MILLIONS POURING INTO THE SQUEEZE!!!!! $46.5M PREMIUM LOCKED IN

Lottery Stocks2024-05-23
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💫 Short Summary

The video covers GameStop's impact on the stock market, including investor plays and stock analysis. It also discusses Spy and Nvidia performance, Tesla's pattern, Ethereum ETF approval rumors, and AMC's bullish outlook. GameStop and AMC stocks are predicted to have potential for significant price increases. Bitcoin retracement predictions are also mentioned. Overall, the video provides insights on various stock performances and market trends.

✨ Highlights
📊 Transcript
Summary of GameStop Event on May 23rd.
00:00
Discussion on predictions, GameStop investor plays, and stock analysis.
Analysis of Spy and Nvidia performance, including Nvidia's stock split announcement and positive earnings.
Highlight of Tesla's inverse Head and Shoulders pattern, with concerns about the removal of long-term car sale targets.
Mention of Bitcoin with potential retrace predictions, providing insights on various stock performances and market trends.
Analysis of potential Ethereum ETF approval and trading strategies.
03:44
Emphasis on conducting due diligence and 'buy the rumor, sell the news' approach.
Discussion of trading errors by banks and short interest trends for AMC and GameStop.
Highlights bullish outlook for AMC based on options trading activity.
Notable details include decrease in AMC's short interest, MACD divergence indicating potential turnaround, and significant cash in AMC's option chain.
Analysis of GameStop and AMC stocks on a weekly time frame suggests potential for a reversal and move to the upside.
07:36
Historical data shows GameStop stock testing the RSI at 70 followed by upward momentum, indicating a bullish outlook.
The speaker predicts another leg up for GameStop based on past trading behavior.
AMC stock is also viewed positively with a strong base formation and potential for significant price increases.
Price targets for AMC stock include $6, $9, $12, and $20, showing optimism for both GameStop and AMC stocks.