Blackberry is a shark!four targets possibility with shark harmonic pattern:
AB=0.38 XA
BC=1.6 AB
CD=0.88 XA=$52
or
CD=1.6 BC=$59
or
CD=1.13 XA=$96
or
CD=2.24 BC=$193
MEME
The key levels on the path of the slideshark pattern:
AB=0.61 XA
BC=1.6 AB
CD=1.6 BC or 2.24BC
DE=0.38 CD or 0.61 CD
The key levels on the path of slideshark harmonic pattern:
AB=0.38 XA
BC=2.24 AB *invalid*
CD=1.6 BC or 2.24 BC
DE=0.38 CD or 0.68 CD
butterfly could shift to cypher patternAs long as it is not more than 200, it is suspicious of the head and shoulder pattern with a short-term target of 34$, and if it goes above 250, the butterfly pattern could shift to the Cypher pattern with a target between 560 to 700 and then falls to 5$.
BULLISH ON XRP based on this simple chart if xrp hits peak of the Fibonacci retrace we could see a price in the range of 10$ to 13.80$. but first we need to hold these prices and cross the .51 and .78 cent range shown on chart. If we do sky is the limit (13$) and a good exit point if you want to play it safe would be 6$ to 8$ IMO.
disclaimer: (this is not financial advice this is just my personal opinion)
Rejected off fib - Bad business - way overpricedIt's in a major support zone, also meaning major resistance, EV hype is dying, Elon in trouble for his tweets and crypto again, Tesla is only profitable from carbon credits. Everyone is making AI EV cars now, investing in Tesla is investing in Elon not the company.
Tesla fair value <55. Probably consolidate to 300, if it breaks through the support.
When the final institutional bears surrendered and raised the target, is when you should've known Tesla had ran too long.
Insane price - more than 2 of the largest publishers combined45bn makes it more expensive than Electronic Arts and Ubisoft combined. Look at the market cap! Look at revenue! Don't look at share price! Fundamentals matter, the industry matters, the competition matters!
In no way does the fundamentals make sense for the market.
Roblox 1.5bn revenue, EA 5.5bn/yr, Ubisoft 1.7bn/yr.
Take-Two Interactive Software, Inc with a market cap of 18.984B, has the highest grossing game of all time , some of the greatest IP, many partnerships with sports . 3bn revenue/yr.
I explained, Roblox is now a public company, to my brother, and he could buy it with his allowance, and he could be rich if the company gets more players... He plays roblox all the time. He said people will stop playing it in a couple years probably, and it's too hard to setup where as something like minecraft you can just play. A consistent game where you can code stuff, or you can just play.
If you're a gamer and you've seen roblox, it's lesser of a game than Garry's mod.
Minecraft sold for 2.5bn to Microsoft. Roblox being 45bn makes no sense. It's a single SKU business.
At current prices, Roblox is a meme stock for boomers who know nothing about the industry, they just see their grand kids play the game and blind people who think the share price matters... I've seen a penny stock with a market cap of a bn, the company does literally nothing, people just see "oh it's a penny it will go up eventually]. Not looking at the Market Cap. That company just had a 7m share split, the split was 50x 70x 20000x.
Overpriced - insane price - more than 2 of the largest publisher45bn makes it more expensive than Electronic Arts and Ubisoft combined.
In no way does the fundamentals make sense for the market.
Roblox 1.5bn revenue, EA 5.5bn/yr, Ubisoft 1.7bn/yr.
Take-Two Interactive Software, Inc with a market cap of 18.984B, has the highest grossing game of all time , some of the greatest IP, many partnerships with sports . 3bn revenue/yr.
I explained, Roblox is now a public company, to my brother, and he could buy it with his allowance, and he could be rich if the company gets more players... He plays roblox all the time. He said people will stop playing it in a couple years probably, and it's too hard to setup where as something like minecraft you can just play. A consistent game where you can code stuff, or you can just play.
If you're a gamer and you've seen roblox, it's lesser of a game than Garry's mod.
Minecraft sold for 2.5bn to Microsoft. Roblox being 45bn makes no sense. It's a single SKU business.
At current prices, Roblox is a meme stock for boomers who know nothing about the industry, they just see their grand kids play the game and blind people who think the share price matters... I've seen a penny stock with a market cap of a bn, the company does literally nothing, people just see "oh it's a penny it will go up eventually]. Not looking at the Market Cap. That company just had a 7m share split, the split was 50x 70x 20000x.
ridethepig | TSLA on the Fairway📌 ridethepig | TSLA on the Fairway
An illustration of the consequences when surrendering the support and when your opponent grabs the break.
It's trailing time for those who have been following the surrender. In order for us to execute more on the position I will want to see a final break of the temp lows, in order to somehow catch one final momentum play.
Sellers are clearly on the fairway and this swing has been a very large one.
An express train!
With simultaneous plays down to structural support -40% from the highs, breaking through is an extreme. I expect 330 will be the final destination here unless buyers manage to somehow bring in more resources. A quick leg down before finding a base? Smells like it.
Thanks as usual for keeping the feedback coming 👍 or 👎
DOGE ready to get his bone! 3Original setup revised (see related idea "DOGE ready to get his bone! 2"). Strong price compression, DOGE just needs to break out of this pressure cooker badly, giving beautiful setups:
A) BUY STOP-LIMIT 1; TP 1; SL >> RRR 4.5
B) BUY STOP-LIMIT 2; TP 2; SL >> RRR 9
Targets are heights of the triangles projected from midpoint of the local range (BUY STOP-LIMIT 2 - SL). Invalidated when SL level hit (even if BUY STOP-LIMIT 1/2 not filled before)
SPX 2900 confirmed There is currently a bearish divergence the size of Africa on the SPX500 right now.
Looking at past 2 higher TF bear divs that played out and taking in the following data: 1) how long the bear div is 2) how much it dumped afterwards
With some quick maffs we can figure out where price will go!
1) 84D range peak to peak, -5.54% peak to bottom
2) 245D range peak to peak, -18.35% peak to bottom
((5.54%/84) + (18.35%/245))/2 = 0.0704% of dump per day of beardiv length
And given the current bear div:
3) 371D range * 0.0704% = 26.127%
26.127% from here is around 2900
Thank you and come again
disclaimer: these opinions relate to a possibly fictitious outlook and this post is thus for informational and entertainment purposes only, and as such should not be construed as legal, tax, investment, financial, or other advice. Nothing contained within this post constitutes a solicitation, recommendation, endorsement, or offer by Pod, TradePod, or any third party service provider to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.
Twitter: @TradePod
$RKT meme stock short squeeze!$RKT stock has now skyrocketed 113.6% over the past three days, since the company reported better-than-expected fourth-quarter earnings and announced a special dividend of $1.11 a share. S3 Analytics said there has been a "large amount of short selling" into the stock's (RKT) recent rally, with short interest interest increasing to 47.9 million shares, or 45.8% of the public float. "RKT's stock price and short selling activity is reminiscent of another recent highflying 'meme' stock- appears to have garnered some bullish interest from day traders on Reddit’s infamous WallStreetBets.
it is near the top of the list of U.S. companies in terms of size of short bet by hedge funds, according to FactSet. That makes it a classic target by meme-obsessed investors, who have been storming together this year into shares and call options of heavily shorted companies in order to squeeze out short sellers. It was unclear of the size of the retail interest in Rocket at this time.
A number of popular posts on WallStreetBet chatroom featured Rocket on Tuesday. One says “I like RKT. $1.7M all-in, let’s gooo YOLO,” and it quickly drew more than 1,700 comments.
We expect the shares to normalize and again trade on fundamentals, however the timing is uncertain.” wrote Wells Fargo analyst Donald Fandetti
“Our beta-tested social media stuff right now picked up on yesterday some really just hugely bullish comments over on the Reddit board WallStreetBets again.
Najarian cited a jump in Rocket options trading volume following increased mentions on Reddit.
Meme-driven chatter on Rocket was not nearly as intense as seen on GameStop, according to AI firm Accrete.
The surge in Rocket could be a sign that the retail trading mania seen in GameStop earlier this year is still a factor.
When a stock with high short interest jumps sharply higher, it could force short sellers to cover their bearish positions in order to limit their losses. The short covering tends to fuel the stock’s rally further.
www.cnbc.com
Why $REI oil meme reddit stock skyrocketed?A Texas oil company that’s been the subject of social media speculation in recent weeks is seeing an explosion in trading of out-of-the-money call options, indicating retail traders are betting on another big jump in the shares.
Ring Energy Inc. is an industry minnow, selling an average of almost 9,500 barrels of oil in the third quarter. It shares have doubled in less than two weeks.
The frenzy is latest example of “meme” stocks attracting the interest of retail traders. The company has featured recently in numerous discussion threads on Reddit. Ring is also under pressure from its largest shareholder, energy investor Simon Kukes, to make changes. Ring didn’t immediately respond to a request for comment.
finance.yahoo.com
TSLA NOT DONE DROPPINGI've seen this specific move on multiple stocks recently (especially from breakout stocks). I see TSLA potentially moving closer to the 8/1 GANN line. I know it is a very unpopular opinion right now to be short, but please consider reality before you buy and don't try to catch a falling knife... as some of us have recently learned with GME, SNDl, or BB. I also know that Cathie Wood bought today, but this does not mean that you should as well.
AMC over 7.25This chart was looking strong and has curled up from the base. Positive tailwinds from NY reopening news. Entry marked over post-market high. We’ll see where it lands after open.
DOGECOIN ANALYSISI trade based on patterns so what's worked for me on this is simple ,trendline break target 50-100% ,I'm Looking long once it breaks the trendline and the chart looks primed for .1.Now we have levels below that can be taken out easily ,also those levels would be a good place to get in on re-entries. This has attention and the players are not that advanced in here as yet so keep it simple and rinse and repeat. For me a long is when the trendline break , trend hasn't changed yet so no shorts for me ,just opportunities to buy.
Still Can't Chart, but Rainbows Make XLM Look Great!Let's be honest: with such a good running fortnight, XLM was bound to see a pullback when the rest of the crypto market saw its Sunday night drop.
A quick peek at its fundamental growth shows us things are right on track, assuming the bottom we found tonight stays consistent with the rest since it's started seeing higher growth patterns.
Whatever the case, I'm in on XLM for the long haul. While there are no Triple Boobs or Flimsy Floppies to indicate another explosion in the super near future, the long position on XLM still looks great to me. Granted, we may see a bit more deviation below the Assumed Bottom area depending on the performance of BTC in the next few days.
BB Fundamentals and TechnicalsDon't see this as a "meme stock" right now and think it's got some great news under it, such as:
+Partnership with IBM
+Amazon AWS and BlackBerry Partner for NEw Intelligent Vehicle Data Platform
+BlackBerry QNX used in Motiuonal Driverless Platform (Hyundai, Aptiv)
+Facebook settlement to be announced
+Partner with Baidu to work on a New Autonomous Driving Technology
+Achieved National Security Agency (NSA) Approval for BlackBerry UEM
+Sold 90 key smartphone patents to Huawei
+Recieved Eleven "Employer of Choice' and "Best Place to Work" Awards
As far as technicals go, I think the odds of a pivot in trend right now are very high. Recently after these "meme stocks" have their initial pop or begin their pop, they like to pop again at the lowest Gann fan line (support), which is known as the 8/1. I have a great example of this in one of my recent posts on SNDL, go check it out if you're interested. The 4/1 line will act as a key resistance at the start of this pivot, any buy-in before this resistance is tested should be good and neither premature nor too late. I don't like to set a solid price target in my analysis, but with the assumption that exponential growth occurs when higher highs are made, the 2/1 would serve as strong resistance for a top.
