Sorry diamonds handsThere is not a good scenario for AMC.
I think this is filling the gap.
Time ti rotate to anoter stuff?
Memestocks
GMETouching the support, maybe a bounce from here in direction to resistance, this is a good zone for bought (be careful)
Potential Inverse Head and Shoulders In WishFrom what I see here we have an RSI support lining up almost perfectly with an inverse head and shoulders. If this thing attempts $15 again it will break out. the distance between the bottom of the head and the neckline is $7.21 we add that to the neckline and we get a $22 price target. I am long. but not more than I am willing to risk a loss on.
the final target of $SNDL is $20 the final target of $SNDL is $20 but it will have negative reaction at $5 and $10.
shark harmonic pattern:
AB=0.38 XA
BC=1.6 AB
tp1=1.6 BC=0.88 XA=$5
tp2=1.13 XA=$10
tp3=2.24 BC=$20
Member Request - $ANY Stock Analysis.After being requested by one of our members, I put together this video on my thoughts for this company and its valuation.
Under the hood of RIG with an eye toward 7/16big brain time, fintwit...
How is WISH going to deliver orders without oil and boats or whatever?!
Spoiler alert: they're not.
Enter: RIG (honorable mention: SHIP)
At heart, I guess RIG is an oil play.
As usual I'm going to spare you the deep RIG backstory and assume that you found this idea because you've already done some research of your own.
There's been a lot of insider buying happening with RIG recently and it looks like the chart is in a nice pattern too.
Don't forget, none of this is financial advice and I'm on my second June Shine of this Sunday afternoon. Moving on.
In my perfect genius opinion, a FAVORABLE CHART + INSIDER BUYING reflects positively on the probability of RIG breaking out above 4.80 and fighting for 5.00 before the July 16 options expiry date.
I threw up some options data as well, I probably won't update those numbers past today (Sunday 06/27/21), so do your own DD.
Anyway, you guys are my best friends. Bye.
ABNB - WHERE THE HATERS AT? LOOKING FOR 160PT - ASCEND TRIANGLE
All,
ABNB looks good as I previously compared was indentical to BMBL on wave 2 big buy would have big returns and it did. Only question does it break out the top of this ascend triangle here or bounce down one more wave in pattern off trend then break. Need to see next week.
Outside factors:
-Obviously DJ/SPY tanking is never good for companies overall.
-Breaking below 2nd yellow uptrend (in pink would be a small put position for $10 150 to 150) Do not think this is likely at all though
1000x Doge Easy StrategyThis buy and sell strategy is intended for long term investment specifically for Dogecoin. It is intended for the Dogecoin trader to find easy entry points in to this volatile asset. It is recommended to also follow Elon Musk on twitter so you can find the supreme entry timings for pure moon profit.
Update….Looks like we filling in that gap like I had said on my previous post , indicators showed this pull back. If we hold strong I can see going back over 12.50 . If not worst scenario we can go back down to strong support where I have it at 10.67. Lmk what y’all think apes !
the final target of the $CLOV is $56 the final target of the $CLOV is $56 but it will have an extreme negative reaction at $30.
crab harmonic pattern:
AB=0.61 XA
BC=0.88 AB
tp1=1.6 BC=$17
tp2=2.6 BC=$30.9
tp3=1.6 XA=$32.8
tp4=3.6 BC=$56
Gartley scenario for the 2nd wave of Elliott of $CLOVEXABC crab harmonic pattern:
AB=0.61 XA
BC=0.88 AB
first target=2.6 BC~$30 *reached*
second target=3.6 BC=$56
C1YZ2 Gartley harmonic pattern:
1-Y=0.61 C-1=$11.5
Y-Z=0.88 1-Y=$24
Z-2=0.78 C-1=$9
2-3=1.13 C-1=$35
Realistic Price Targets for GME if it Follows AMC Bar PatternI had multiple people ask me for GME price targets in my last post comparing the breakout in AMC to current GME pattern.
The easiest way to compare the breakouts in my opinion is to use the Fibonacci tool.
With that being said, we can see AMC ran all the way to a full fib extension when measuring from its last peak.
If GME does the same thing, we can see it approach close to $2,000 and consolidating between the $1,200 and $2,000 range.
- CA$HLESS
Trading Idea - #Clover (meme stock)High speculative BUY.
ENTRY: 15.27 USD
TARGET: 21.16 USD (38% profit)
STOP: 11.50 USD
Let's assume that the correction has finished! Another "explosion" is expected!
Clover Health Investments (NASDAQ: CLOV) has become another speculative share in the latest days.
The health insurance company's share price climbed more than 65% over the course of the day on Tuesday.
Traders on forums such as Reddits Wallstreetbets are participating in the price rally.
In the wake of the price explosion, many short sellers, including financial institutions, got into a short squeeze.
TRCH Fib AnalysisThis is a quick overview of a recent runner $TRCH.
After gapping through all time highs. We have reached, and closed exactly at, the all time 1.618.
This resistance is just as strong as any other and I expect to see some reaction here. Along with this we have a bearish RSI divergence deep in overbought territory.
While we may continue well past this level. Expect a minor correction before any further continuation.
Go BBIG or Go Home? Key Levels382 Fib looks like a decent level of resistance on the BBIG chart right now. But with an uptick in volume today and some extra attention on social media, it's going to be interesting to see how things pan out. Between excitement around NFTs and the whole social TikTok competitor aspect, there's enough of a story to follow:
"Vinco Ventures is a penny stock that we’ve covered numerous times in the past few weeks. During that time, investors had been anxiously awaiting updates surrounding the acquisition of Lomotif Private Ltd. by it and its subsidiary ZASH Global Media and Entertainment. The pair plan to sign a final agreement and Plan of Merger on or prior to June 24th of this year, which is big news for shareholders. For some context, Vinco Ventures is an acquisition company, working on digital media and content-based companies. Its main strategy is known as B.I.G. or Buy. Innovate. Grow."
Quote Source: Hot Reddit Penny Stocks to Buy? 10 That You Should Know About
AMC - PART 3- POSSIBLE BULLISH ASCEND TRI - SPEED FAN ARC/PLAYAll,
AMC far more interesting here if we can break out the top to confirm the ascending triangle. The two fakeout candles also make it seem this way. Looking like we of course would hit 68/70s on way up but the cap would be around 103ish maybe less FOMO. NOT SAYING THIS WILL HAPPEN. We all know how crazy the shorts are etc.
Other would be not fakeout candles and be bearish move down probably bad one.
PLAY = WAIT AND SEE AT PATTERN END
A Closer Look at AMC's Tight RangeSymbol: NYSE:AMC
Indicators
Upper: Delta Volume
On Chart: ALMA x2
Lower: Laguerre RSI
Comments: I can't believe I'm going to say it... I don't know how but AMC is still showing bullish and could blow up a lot of added shorts at the top... What in the world am I even looking at even more.
Always stay on the right side of the trade.
GME Bearish Flag formingLet the trolls begin lol.
To be real the volume has completely dried up since Jan on this stock. It makes sense since its trading at 200+ dollars and trading as high as some really good stocks like SQ and FDX. Others went on to other meme stocks that are much cheaper to trade. The average guy can no longer afford to buy up here and possibly lose his/her money due to the insane volatility. My guess is the only people pumping this stock up here are whales that still make alot money off of this and the average retail traders who are completely in love with this stock. I get it.
As far as the chart goes, I currently see an oversold situation in the hourly chart which creates the E part of the corrective wave (230ish) then finally come falling back to (153ish) in the .618 fib retracement which only makes sense as its also a trendline support. Stocks or Stonks, it finds a way to retrace back like the January high then a fib retracement of 1 due to the magnitude of the climb. I wouldn't be surprise further down the line it replicates the move up from Feb but in the opposite direction and finally settling back around 66ish area.
Dont hate the chartists, everyone is entitled to an opinion or you're just a pig.
Don't like memes, a big play on AMCAMC made a huge run up to 70s but now needs to correct the leg that pushed it up. It is currently working on a descending triangle formation that will eventually lead to a proper fibonacci retracement near the low 30s which will most likely fill that gap up before running back up again. There is a huge possibility this can hit not suprisingly (meme) to 100 if it fills that gap. I would go short in near term but long when it comes down to my tgt near low 30s.
AIRBNB - ABNB - ADDING WAVE 2 - 160-175PT CALLSAll,
I think ABNB once retraces a tad more will be ready to move up onto wave 3. In the even SPY crashes we may see a double bottom instead. Otherwise I will be adding soon maybe today just depends.
BA - HUGE PUT PLAY NEAR FUTUREAll,
This is weekly chart, but I see this playing out to the downside rather largely. In part due to the visible range/session show some low volume areas that will be slid through once breaking. Need first conformation of break but I may enter soon.
PT#1: 195
PT#2: 188
PT#3: 163
Then swap to long once confirmed
GME Identical Chart Pattern as AMC Before Explosive Move!!!GME is printing the exact bar pattern of AMC before it's explosive move up.
As these 2 are highly correlated, this will be important to pay attention to going forward.
If today (Friday June 18th) closes bullish, or you see positive price action with high volume, this trade could be ready to take a long.
- CA$HLESS
Is AAPL Benefiting From The Reddit Rally?AAPL shares are starting to get thrown in the mix with Reddit's memestocks trend right now. I don't think it's a bad thing to be honest and longs (including myself) aren't opposed to the positive momentum in the market. The stock itself has held a great trend and now continues consolidating on the daily chart with the 236 fib acting as a support level. Maybe the meme momo helps get the stock outta this consoldtain trend and finally start making new highs again.
"Believe it or not, one of the increasingly popular meme stocks right now on Reddit is Apple (AAPL). One might say this is one of the OG memers over the last few decades. Known for its disruptions in tech, Apple's products are used by millions of people"
Original Quote Source: Looking For More Meme Stocks? Here Are 6 Gaining Popularity Right Now
