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Memestock

Another GME Rally?Overview Usually I stay away from meme stocks but when opportunity knocks, I can't help but check the door. NYSE:GME appears to be gearing for a double bottom pattern which may see another spike in the share price back to $65. I haven't extensively researched the idea I'm about to present so please take it with healthy skepticism but in my few years of trading I believe I've noticed a trend: when the traditional stock market is doing well, crypto and meme stocks sink. And when the traditional stock market begins to fall, crypto and meme stocks rise. I chalk it up to recycled profits being moved from one market to the next. Technical Analysis Dwindling share value on decreasing volume; MACD and MFI have retreated from overbought territory; MACD and RSI are both underneath their signal lines which suggests the next cross will be from beneath which is bullish (the question is when it will cross though). Because of GME's past volatility and unpredictability, it would be best to approach this asset like a lottery ticket. You don't expect to win, but it's fun to play.
NYSE:GMELong
by Shepherd_Investor
1
AMC Triple Bottom WatchAMC appears to be forming a triple bottom pattern with price support holding in the $3.80 area since January of this year. The last time AMC put in a triple bottom was in 2020, and in early 2021 price exploded from a low around $1.30 to a pandemic meme stock rally high of $44. AMC likely will not see the same gains as seen in 2021, but the triple bottom is worth watching here as traders could be on the verge of sending this one higher. Lower indicators are both reading bearish trend and momentum for now, but are in neutral zones which could lead to a transition from bearish to bullish. My buy price on this trade was $4.43. My stop-loss is currently at $3.93. No upper price target for now, plan is to hold and wait for a breakout and then raise my stop-loss when/if price begins to set higher highs and higher lows.
NYSE:AMCLong
by PrepForProfit
6
TSLA - J U N K on a Stick, a GiftFanbois can't seem to get that Gamma Squeeze in Gear. We took 20 x 720 Puts NOV - Pure Bacon as we have 30 more to add. A gift to the experienced. Fanbois can only seem to BUY missed priced Calls hoping Elong will utter some BS Meme. Poor Bluetooth connection? Model WHY Mismatched Wheels, too cheap to cast a Wheel for both sides of your Sales Leader? Wow, amazing. I took a Model X off Turo for a test drive last Winter. The range promptly imploded 50% due to cold weather. The Falcon couldn't make it to Vail on a charge. Impressive. Solid State has Elong's crack head fantasy world with competition directly ahead. Only FANbois don't see it. Amazing the cult of DOGE DADDY.
NASDAQ:TSLAShort
by HK_L61
13
Wendy - Burgers got reddit's recipe 💪-Nothing changed overnight’ to make Wendy’s a better bet, trader says as stock sees Reddit interest -Shares of the fast-food chain surged about 26% to records on Tuesday after a post in Reddit’s popular WallStreetBets forum pitched Wendy’s as “the perfect stock” for the group on account of its signature products and “effective” social media presence. -It’s the latest so-called meme stock that has captured the group’s interest. The growing list includes GameStop, AMC and Bed Bath & Beyond. -“I think the reason the Reddit crowd is pushing it up today is because the retail share float is pretty small in Wendy’s, but I can guarantee you nothing changed overnight to change the fundamental story,” Gradient Investments President Michael Binger told CNBC’s “Trading Nation” on Tuesday. -Though the company has a “decent business model” and can take advantage of the economic reopening, its stock is trading at a notably high price-earnings multiple for just 3% sales growth, he said.
NASDAQ:WEN
by caldooninvestment
1
Gamestop, is a New rally coming?Gamestop has been at the center of attention for months now. The company that seemed on the verge of bankruptcy has recovered strongly, with prices going from $15 to $400 in just a few months. Now we are only at $180, but is the stock still interesting? The company that, as you probably know, sells videogames is rapidly digitalizing, starting a transition that involves closing many brick and mortar retail stores, to focus on online sales. Even if the videogames physical sector is in a crisis, with consumers who are now downloading videogames from the internet, we remember that the demand for consoles is on the rise and sets new records every month. Let’s keep in mind that Gamestop is the leader in console sales. Current prices are a bit high to buy right now, but there may soon be an opportunity at a certain price level. I'll trade GME, as usual, with my platform which allows my operate with a 10% initial margin. This means that if i want to buy $10.000 worth of GME shares i can do it investing only $1.000. For more information on how to follow me, click on the links below.
NYSE:GMELong
by UnknownUnicorn8050589
6