🚀 BUY MORE GAMESTOP $GME & AMC STOCK RIGHT NOW? (MY PLAN)

TL;DR

Quick analysis of AMC and GME stock, potential support levels critical, alternative stock picks discussed.

Transcript

so is amc and gme a stock that you should still buy what's going on team it's ricky with tackle solutions and believe it or not this is a question that i'm still getting flooded with and i want to do a very quick analysis in the comment section you can let me know what it is that you think if you plan to buy if you plan to hold all power to you i j... Read More

Key Insights

• 🫥 AMC and GME stock movement analyzed for support levels and potential break below SMA line.
• 🛻 Alternative stock picks discussed such as QCOM, AAA, BK, BOH, CITI, and more.
• 🧘 Emphasis on confirmation of uptrend before entering a position in oversold stocks like US Steel Corp.
• 🤝 Patience highlighted as a strategy for entering positions in stocks selling off for a better deal.

Questions & Answers

Q: What technical analysis is mentioned for AMC and GME stocks?

The analysis focuses on testing support levels and the potential impact of breaking below the SMA line, indicating loss of momentum and edge.

Q: Why is the 180-day four-hour timeframe significant for QCOM stock?

The timeframe is crucial for identifying consistent bullish patterns and determining potential value based on technical and fundamental aspects.

Q: How does the analysis approach AAA and BK stocks after reported negative earnings?

The analysis discusses waiting for pullback confirmation and ensuring stocks stay above EMA line to assess potential margins for recovery.

Q: Why is patient entry emphasized for US Steel Corp despite oversold conditions?

Patient entry is advised to wait for confirmation of an uptrend and avoid blindly buying the dip in a stock that has been consistently on a downtrend.

Summary & Key Takeaways

• Analysis of AMC and GME stock movement, focusing on testing support levels and potential break below SMA line.

• Discussion on different stock picks like QCOM, AAA, BK, BOH, CITI, Copart, FAST, Lemonade, Lululemon, UNH, USB, Verizon, WFC, US Steel.

• Emphasis on patience in stock market, importance of confirmed uptrend before entering a position.