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AMC's 3rd Squeeze PredictionAMC has been prepping for it's next squeeze for almost 5 months now. Short Interests is at all time highs meaning shorts have not covered and the technicals show bullish momentum starting to build up once again. Some indicators that suggest the next squeeze is starting.. low volatility, low volume (increasing now), high short interest, pennant close to breaking out, and previous trend analysis. My price target is taken from AMC's Speed Trendline & Fib Retracement levels which suggest the next squeeze will peak end of November at around the $150 area Low/High Weekly Price Targets: October 22 - $38/$48 October 29 - $42/$62 November 5 - $52/$80 November 12 - $73/$88 November 19 - $87/$104 November 26 - $96/$150
NYSE:AMCLong
by TradingWithEmotion
9
?Flag formation on BlackBerry. BBIt looks like one from Bird's eye view. If this is true may be climbing even further up. This is assuming that we are finishing up Wave 4 of main impulse. Time will tell. Fibonacci goals are in green, reversal or invalidation is in red. This post is not financial advice, make your own financial advice or pay a certified professional ( you are to statistically faire better at blindly longing SnP500 incase of the latter). Playing on the market whether you are an investor or a trader is risky. No good thing is ever without. Good luck out there.
NYSE:BBLong
by Rykin_Capital
Blackberry overview - Getting close to breakout?Here is a quick look at BB on TSX. Over all, its looking like a triple nest, that's approaching the downtrend line from the Jan 27th and June 3rd highs. We're about a month away from crossing it if we stay in this prize zone, but with earnings coming up next week, we could see some action if the numbers are positive. I don't like to think of this as a meme stock, and I don't keep up with the short squeeze possibility on BB, so DYOR if that's what you're hoping for. I'm just looking at this with an Elliot Wave analysis overlain on a pitchfork. I really like the pitchfork because its held up key fib levels. There is a possibility that wave 2 isn't in yet and we could head to 11.19...that's where we find the 1 period on the pitchfork and a previous resistance shown in red, but i don't think we will break ~12.65 unless earnings is a real dumpster fire. Note the increase in volume on Sept 17, which is quad witching.....could be a good indicator that flow is positive into this name for the next quarter. Worth a shot with a buy here around $12.80, SL at 11 and PT1 at 19.75 and PT2 at 25.90, a potential 3.77-7.05 R:R.
TSX:BBLong
by ir-rizzle
A Non-Random Pattern..!Jim Simons: we should try to trade patterns that happen on a non-random basis..! Now with higher confidence, we can say Wall Street bets are predictable..! NYSE:AMC with a 22 billion market cap gained more than 20% in a single day! Today's price*volume: 9.9billion second to BABA and 10% above Tesla..! Why this is important? because the last time this phenomenon happened it was the start of a Gamma squeeze..! I will not surprise to see it ranked first tomorrow! To learn more about it please read my previous post: August 23-24, 2021: Max Pain or Short squeeze? Is there hidden rationality beyond irrationality? Short Squeeze or Gamma Squeeze that is the question? August 20, 2021: This is called WSB effect..! In the past few days, I published posts about Wall Street Bets and how they conquered the market! They are not just a group of "Apes" unlike what many think, there is a master puppeteer and a core behind this phenomenon who know market mechanics top to down, the power of social media, data analysis. The master puppeteer has learned to survive in life and career with a false identity many years ago from his grandmaster..! To wrap it up, do not take an opposite position this could last for a while..! Today was the largest gain and trading volume since last "Quadruple Witching" June 18, 2021..!
NYSE:AMCLong
by Moshkelgosha
15
Is there hidden rationality beyond irrationality?Gama Squeeze Happens between Quadruple Witching Dates When stock prices experience rapid shifts, the conditions may be ripe for a squeeze. In this scenario, investors may find themselves buying or selling shares of stock outside their normal trading pattern in order to minimize losses. A gamma squeeze is an extreme example of this, in which investor buying activity forces a stock’s price up. Gamma squeezes are often associated with options trading and they can be problematic for investors who don’t fully understand how they work. A short squeeze is a specific type of stock squeeze. With a short squeeze, an increase in stock prices can force people who shorted the stock to buy back their shares. How a Gamma Squeeze Works Certain conditions have to be met for a gamma squeeze to manifest in the market. It starts with investors making assumptions about a particular stock’s price. Specifically, they assume that the stock will rise in price. This leads to buying short-dated call options in the stock on a large scale. A call option’s value increases when the underlying stock it’s associated with increases in value. Meanwhile, this puts the institutional investors selling the options in a short position. If this pattern continues with investors sinking more money into call potions, that can force institutional investors to buy more shares of the stock. This is a necessary step for hedging against the short position they now find themselves in. The gamma squeeze happens when the underlying stock’s price begins to go up very quickly within a short period of time. As more money flows into call options from investors, that forces more buying activity which can lead to higher stock prices. Investors who purchased call options and sell when stock prices are high can reap sizable profits but the institutional investors who had to cover their short positions might see significant losses. (1) Now lets review 10 famous example in 2021: 1- NYSE:GME 2- NYSE:AMC 3- NYSE:BB 4- NASDAQ:BBBY 5- NYSE:NOK 6- NASDAQ:CLOV 7- NASDAQ:SOFI 8- NASDAQ:WKHS 9- NYSE:FSLY 10- NASDAQ:NAKD As you see all these spike patterns happened between Quadruple Witching Dates! What Is Quadruple Witching? Quadruple witching refers to a date on which stock index futures, stock index options, stock options, and single stock futures expire simultaneously. While stock options contracts and index options expire on the third Friday of every month, all four asset classes expire simultaneously on the third Friday of March, June, September, and December. Quadruple Witching Dates 2021 March 19, 2021 June 18, 2021 September 17, 2021 December 17, 2021 I believe a new round of Squeezing has just started and VLDR and GOEV, two of the most shorted stocks are just the tip of the iceberg. GOEV: Short Percent of Float 32.48 %, 32.3M, 10 days to cover..! VLDR: Short Percent of Float 16.06 %', days to cover 4.5 Do you know Which stocks have the potential to be the next Short or Gamma squeeze??? Reference Article: www.yahoo.com www.investopedia.com
NYSE:AMCEducation
by Moshkelgosha
24
$IWM AnalogIn this chart we analyze the relationship between the Small Cap iShares ETF and an analog of the 2002-2003 price action. From our view, we can see that we are clearly holding a similar pattern from back in the early part of that decade. This happened to be after a recession as well where the value/growth rotations were just as if not stronger than they are today. Something to keep in mind. In short, we are bullish on the small cap sector from here. The risk reward is clear vs the recent range lows on the daily chart for a sustained move over the coming months higher.
AMEX:IWMLong
by pivotanalytics
2
Sirius XM - A name everyone forgot SIRI gives me Blackberry vibes. No one paid attention to Blackberry and thought the bulls were crazy for getting long in the 5s and 6s. You could see some of the comments in this post on BB here from Aug 2020: Tightness in volatility is what traders look for. Especially multi-year consolidations like SIRI. In my first year as a stockbroker my boss said... "buy em' when they're sleeping, sell em' when they're leapin" ... sleepers in dominant uptrends (above all major moving averages and overhead supply) are being accumulated. When the supply runs dry they end up exploding. 1000 TradingView coins to the most 'liked' fundamental analysis (bullet point form) in the comments below!
NASDAQ:SIRILong
by Lanmar