GME 2.0????????? BGFV SQUEEZE!?!?!?!!!!www.reddit.com
In-depth analysis, can explain better than I can.^^^^^^
But essentially a similar situation to GME was.
A highly shorted stock that is debt free, making profit, and other good fundamentals.
Currently BGFV is the most shorted stock in the market.
The special interest date will be a big event.
Whether it squeezes or not, this stock is a great buy.
But volatility is increases a short is imminent and it's becoming more volatile.
Before earnings report it pumped 70%.
What do you think does this have the potential to squeeze????
Will we see $100+???????
Let me know, whatever happens it will be very interesting!!!!
AMCUSD
AMC -Bullish!Analysis...
The impulse from the low of $1.90 to a high of $20.30(27Jan 21) was the beginning of the yellow intermediate degree wave 1. The correction of that degree brought the price of AMC stock to $5.23 which completed wave 2 in the yellow intermediate degree in-turn beginning wave 3 in yellow which should unfold in 5 wave in the red minor degree(one degree lower than yellow). That 5 wave move began from $5.23 to a high of $72.38 completing wave 1 in red, since then we have seen price in a gradual decline for those highs of $72.38 to $12.72, The decline has unfolded in a 7 swing sequence(WXY in the next lower green degree) completing wave 2 in red. We now take the impulse from $12.72 to $34.22, which broke the above channel trendline as an impulse in the next smaller degree purple. If we then stay above $12.72 then we should see new high in AMC and the Bullish cycle will be confirmed.
Alternate view!
If however we break below $12.72 the we should be expecting a 11 swing sequence which should take the price one more low to the lower end of the channel BUT that move should at least terminate above $5.23 as it will change the whole outlook of the structure if it goes below.
Targets!
When looking at the red degree price extensions we should expect price to easily reach: First -100% extension of $178 then second 161.8% extension at $906; these are very plausible targets as long as we stay above $12.72.
AMCUSDT - SETUPAMCUSDT price is approached at a key level where a strong confluence lies. EMA 400 almost absorbed the bearish momentum and gave the bulls a strong position to get back into the game. FIb level also plays a supportive role with RSI at Oversold Zone. Price already posted a breakout last week and retested. So keep accumulating at these levels.
Important Buy Signal Flashing for AMC!Hey Traders,
As you can see on the Daily Chart of AMC. A Technical Indicated a BUY. Historically these Indicators work very well among stocks, crypto, and forex. Even in the past of AMC stock, the BUY signals were great for this. However there is a chance I am wrong and this keeps going down, maybe take this to start DCAing. AMC's target for the recovery is $50 (Fibonacci Golden Pocket). We can put in calls/ longs to be in massive profits!
Safe trading,
-Pulkanator
[WSB] AMC Breakout! Realistic TargetsIn this idea we are looking at the AMC price, which has been moving in a symmetrical triangle from the recent breakout (June) until now.
We are looking for three confirmation-points on the resistance- & support-line. The chances for a breakout are fairly high.
The breakout was confirmed by touching the previous high at $44. We are still missing some volume to finally confirm the breakout.
The current positive sentiment as well as the upcoming earnings could be strong catalyst for the targets - shown in the chart.
Please manage your risk accordingly.
Ares
AMC in a tough spot. Is there any hope?AMC definitely not looking great. No matter how I try to see this, I don't feel like this is a super bullish chart? AMC got above 30B in Mcap after a major squeeze and was one of the meme stocks that did very well. In Market cap terms it was definitely the largest ever if I am not mistaken. The truth is that the short interest is still relatively high, but I don't think the previous squeeze was primarily a short squeeze. Currently at 18% of FF maybe AMC manages to have another push.
33-36$ is a key support area as 33$ was resistance back in 2015 and has now turned into support. There are some levels also lower that AMC could find support but I don't think such an explosive move would happen again. The CEO has definitely tried to squash the rally by selling as much stock as he could, but even with all of that the company is still 6B USD in debt and only has 2B in cash (so still not in great shape).
So for now in my opinion AMC has to hold 42$ for it to continue higher soon. So far it has broken some key support levels and the downturn accelerated which isn't great, but as 40 has held there is still hope. In my opinion if it manages to close above 60$ next time around, I think it will go much higher. Essentially waiting for the breakout trade or to buy below 36 might be the best idea for now.