Momentum Channel Wars
Updated
Twitter apes are chattering about levels for these derivative stonks. If a simple linear regression is accurate enough, I'm expecting to see $120 & $250 for 
AMC & 
GME support levels. The price action regression slope for AMC (0.5) is 2.5 order-magnitude larger than the GME (0.2) ticker.
If this is so-called "price manipulation" is true, it is hidden in momentum indicators, not correlations. OBV trails are telling.
AMC & GME support levels. The price action regression slope for AMC (0.5) is 2.5 order-magnitude larger than the GME (0.2) ticker. If this is so-called "price manipulation" is true, it is hidden in momentum indicators, not correlations. OBV trails are telling.
Note
Correction, I need to fix my expected prices: based on a linear regression fit to a year's price (OHLC/4) value I STILL expect to see AMC at $60, and GME at $220.
Related publications
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.