AMC Gamma Squeeze/Short Squeeze
Okay I had to hop on this and chart for you guys because there is a lot, and I mean TON of charts right now that do not make any sense.
SHORT TERM THESIS : Anyways, so far price seems to be stable floating above 30 min 200 EMA and take note. There is a fib level at 5.13. As long as we don't fall past current support levels, this could really take off tomorrow. We are currently in a short term downtrend that seems to be holding well above $5.
WEEKLY : From a weekly perspective, we could possibly see $94 soon. My reasoning for that are weekly fib levels that are 3 years old. From 2021 highs to 2024 lows, your next fib level is $94. These are just technicals, and thats IF it all pans out correctly. The only thing is, you need to hold. HOLD harder than you ever held before. I'm not asking you to put your life savings in there. All I am saying is to hold the line. Shorts will try to manipulate you every way possible. News, bots, negative sentiment, analyst ratings, etc.. they are all bullshit.
HALTS : Do not be afraid of them, its just the big man telling us "hey you guys need to relax." Again, they will keep halting. Do not relent and do not be afraid. GME ran even after halting several times. It does not affect the trend.
If deepfuckingvalue AKA kitty is in this, just remember who he is. He is one of the greatest investors of all time. His P/L speaks for him. He led the charge and he currently leading the charge. Do not relent. IN DFV WE TRUST
SHORT TERM THESIS : Anyways, so far price seems to be stable floating above 30 min 200 EMA and take note. There is a fib level at 5.13. As long as we don't fall past current support levels, this could really take off tomorrow. We are currently in a short term downtrend that seems to be holding well above $5.
WEEKLY : From a weekly perspective, we could possibly see $94 soon. My reasoning for that are weekly fib levels that are 3 years old. From 2021 highs to 2024 lows, your next fib level is $94. These are just technicals, and thats IF it all pans out correctly. The only thing is, you need to hold. HOLD harder than you ever held before. I'm not asking you to put your life savings in there. All I am saying is to hold the line. Shorts will try to manipulate you every way possible. News, bots, negative sentiment, analyst ratings, etc.. they are all bullshit.
HALTS : Do not be afraid of them, its just the big man telling us "hey you guys need to relax." Again, they will keep halting. Do not relent and do not be afraid. GME ran even after halting several times. It does not affect the trend.
If deepfuckingvalue AKA kitty is in this, just remember who he is. He is one of the greatest investors of all time. His P/L speaks for him. He led the charge and he currently leading the charge. Do not relent. IN DFV WE TRUST
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.