Memestocks
TLRY Potential BreakoutAll meme stocks are beginning to breakout.. maybe TLRY is next?
Great set up here. We have the 200MA and the POC (volume profile) giving us support @ 16.50-17.00
Here are the levels we are looking for:
Entry (Full Pos) @ 18.75
1st Target @ 22.06
2nd Target @ 24.42
Watch for increasing volume for entry and be patient.
$GME is a shark and cypher with the target of $3500recently I was extremely bearish on GME because of a reversal butterfly harmonic pattern with the target of $9. today I noticed a big shark or cypher on the chart and changed my mind.
AB=0.61 XA
BC=1.13 AB
tp1=0.78 BC=$32
tp2=0.88 BC=$44
tp3=0.78 XA=$132
tp4=1.27 BC=$154
tp5=0.88 XA=$207
tp6=1.6 BC=470
tp7=1.13 XA=$626
tp8=2 BC=$1607
tp9=2.24 BC=$3482
Palantir breaking downSince PLTR IPO, the price has been ranging in 3 areas.
It appears we are breaking down from the strongest support (bottom on range 2), and will potentially enter the range 1. This level is also coincidental with 61.8% Fibonacci Retracement line.
I would be willing to enter a position for a long-term trade, if we can reach the high of the IPO, which is approximately $11
Butterfly reversal scenario with $215 target on the 3rd wavein the last post, I had about AMC I showed you we are on the 3rd wave of Elliott and the target could be $215. if this target is true it could have a butterfly reversal scenario. with this target and butterfly harmonic pattern I have calculated the 4th wave and the 5th wave of Elliott and the ABC correction. you could see the targets in the chart.
the targets of $Plug with harmonic patternsXABC is a butterfly harmonic pattern:
AB=0.78 XA
BC=0.38 AB
tp1=1.6 BC=$62 *reached*
tp2=1.27 XA=$134
tp3=2.24 BC=$325
other targets with X345 cypher or shark possibility:
tp4=1.13 3-4=$94
tp5=1.41 3-4=$155 *more likely*
tp6=1.6 3-4=$220
since other targets of butterfly are higher than $75 the price zone of could not be dangerous, but be careful at this price zone.
AMC is bullish on the 3rd wave of Elliottlet's talk about what we have now not what we will have. the 1st wave of Elliott broke down descending channel and 2nd wave pullback to it so we are on the 3rd wave of Elliott but what is the target. we have a butterfly that gives $43:
AB=0.78 XA
BC=0.88 AB
CD=1.6 BC= 1.27 XA=$18 *reached*
or
CD=2.24 BC=$43
since we had a strong wave on the 1st wave I believe the target must be higher. the target of Fib channel of the whole chart is $215