Moass
History always repeats!Back when I posted the 'accumulation on AMC' I though the fractal between January 2021 and June 2021 was just slanted.
This would mean a clockwise rotation of the fractal. basically a skewed version of the fractal.
Downward moves would be more extreme and sharp.
Upwards move would look more like a consolidation.
Consolidation would look like a slight down trend, following the angle at which the fractal is rotated.
I was early when I thought August 3rd 2022 was may 26th 2021 on the fractal.
It seems to me that today August 5th 2022 was May 13th 2021 on the fractal.
AMC Squeeze ProjectionNot sure if a 'kite shape' has ever come up in technical analysis but for the sake of meta we can just say diamond. I think we will run sideways until the half point is tested where we will get a breakout to ~100. After that, since it would be at the top of a rising wedge, we would see a slow consolidation to test the extended bottom trend (orange) where we will see a push to another high point where the squeeze should occur (summer 2024).
If we breakdown, then its just wrong and I can see 5 being a bottom. I've been holding since Jan 2021 and plan to sell -if it works out- at 100 where I will wait for the end of the consolidation period where I will re-enter and hold for another year for capital gains (woohoo waiting!!)
Ultimate sell target: $1,000.00
I know this idea is based off the Short Swap theory present throughout meme stock talk. I believe AMC and GME are the most profitable and I believe the short swap theory is true. When the economy crashes, people will look for anything going up. And when the shorts exit, amc and gme will be that ticket to big gains - the initial cause for the squeeze. The top is impossible to chart.. 1k seems reasonable to me.
Good luck
GME AMC WE have a clear Breakout & Confirtmed ReversalGME AMC
We have a clear Breakout & Confirmed Reversal with both #AMC & #GME Breaking critical resistance lines.
We are now down to 9 days until Dividend split!
#AMC is breaking records daily with showings and GME just launched their NFT Marketplace!
This is Nothing short of EXCITING #MOASS
194 by June 24th 2022I've liked this setup for the past couple weeks and have had an approximate initial target of ~170-180. Something happened last week that gave me enough information to calculate a point target for the end of next week. I believe these next 4 trading days will be the beginning of a monster run to 300+.
My point target for June 24th is 194.12. If it can hold around that level without giving it all back, my target range by end of 2022 (likely by October 2022) is 333-357. This company has shown it can hang in the sky since its ascension back in 2021. That was all just a preview tho to true MOASS. If she gets to 300 chances are she ain't coming back and will achieve levels us apes cant even count to. Wow. Proud of u gamestop. We Believe in U.
Best,
Millie Bobby Brown
P.S. take my word that the stochastic RSI setup on the weekly is as bullish as it gets.
#GME GME 10 day Countdown!!! Stock SplitThis is definitely the biggest event for GME since January of 2021
Now even the haters have to ask themselves how in the hell will the shorts get out of paying dividends on millions of synthetic shares???
Bullish AF
10 days from today July 11, 2022
History will be made!!! Or we will find out exactly how rigged this market is #StayTuned
hanging upside down like proper apeSo everyone's probably getting frustrated or even nervous about GME price action.. but on my lunch break I was hanging upside down from a tree eating bananana like all apes do for lunch and I looked at my laptop out here in the jungle and noticed something I didn't notice until now which indicates we are about to bottom and finally start leg up to 169ish.
I always notice this pattern as a rounding top side up but never catch it as a rounding bottom up side top, you feel me? IDC
~169
$EVFM Reversal or fake break out?Recent Political stuff added to the crazy bear market , i can see from the indicators a reversal is in progress and will continue!
Im not a financial advisor and this is crayons 101
Cheers!
Might be the biggest opportunity we will see in a whileI realize majority of people will read this and laugh.. that's on you if you miss out - I'm just pointing out the possibility and I see it clearly in the math:
So this is the most extreme upside case that I see for QQQ near term. I posted a bigger picture for QQQ with what I think are realistic targets in normal conditions. This is a special case that can occur during a very massive squeeze. @quynhpham48975 you have been emphasizing this upcoming event, and tonight I finally saw what you mean clear as day as I came across CAR and remembered then backtested this! This is insane but you are absolutely right. I have played this set up before in CAR back in March, and I'm now recognizing it for so many tech names (see below for example):
Below I define setup that I have backtested and am now seeing for a ton of names in the market. I'm not sure if there is already a conventional name for this setup, if so let me know! Otherwise, I'll be referring to it as a "swivel":
Rules:
- Let x.l be the swing low coming off a major decline, wave x.u is first upside peak following x.l
- alpha is the wave down following x.u. Alpha retraces 1.272-1.414 of x.u
- beta is the wave up following alpha. Beta extends 0.618-0.786 of alpha
- gamma is the final wave down following beta. Gamma retraces 0.618-0.786 of beta
- OMEGA is the target after the swivel completes. OMEGA extends 4.618 of gamma, or Sigma = sum of waves x.u-gamma of x.u (when ~4.618 of gamma & ~Sigma of x.u align these almost always hit)
*** One more side note that I always see with this setup, notice the stochastic RSI forms an inverse Head and Shoulder during the swivel.
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See you at 353 triple Q. The earliest I see this unfolding (i.e. hitting this insane target, but no cap it's bout to hit) is July 14. Woah.
Sincerly,
Woah
P.S. Here are 10 more names that all have this setup, the levels outside parenthesis are their best case scenario near-term targets (in parenthesis are levels that might be more realistic, but if the extreme levels hit I won't be surprised):
SPY 436 (423)
TQQQ 45 (39)
AAPL 167 (151)
BYND 43 (35)
ROKU 159 (111) wtf, plz hit
MSTR 330 (271)
COIN 107 (80)... yeah that means BTC about to lead this, probably that and NVAX approval... and just generally shorts are in trouble if this triggers
SQ 103 (85)
W 108 (69)
HUBS 526 (404)
P.S.S. notice that region circled in mid April on the QQQ chart... that right there set this in motion to occur downstream IMHO. It was a massive battle between bulls and bears at the time and bulls lost, but they'll get the last laugh here it seems. I have seen this a lot in names like BHVN preceding a massive squeeze such as the one anticipated here. We bout to see some fireworks.
fintel's top Gamma Squeeze candidateHere's a name most have probably never heard of that has potential for 285% underlying return. THCA (Tuscan Holdings Corp. II) "intends" to merger, share exchange, asset aquisition, stock purchase, recapitalization, reorganization, etc., with business entities in the cannabis industry . It is likely so heavily shorted because from what I can gather, they have really only stated intent and not demonstrated anything material in the Cannabis sector (if I'm wrong correct me, its such an obscure operation really not much on it). But they are active it seems, the 2 main news headlines I can find recently are: "Surf Air Mobility to go public through $1.42B merger w/ Tuscan Holdings Corp II, accelerating rollout of industry leading hybrid electric aircraft...," and "THCA gets non-compliance notice from Nasdaq" --- which is pretty bad@** right?
Take a look at this short data:
Short Interest Ratio: 2.26 Days to Cover
Short Interest % Float: 54.63% - source: NASDAQ (short interest), Capital IQ (float)
Off-Exchange Short Volume: 8,916 shares - source: FINRA (inc. Dark Pool volume)
Off-Exchange Short Volume Ratio: 24.26% - source: FINRA (inc. Dark Pool volume)
Short % inclease/decrease: +28%
Net Call OI % Float: 186.21%
There are 2 catalysts I see that could get this going enough to trigger a hefty squeeze:
1. THCA reports progress on the Surf Air merger, OR they simply announce some new merger(s), etc.
2. They get the kickstart (without doing anything) indirectly in this market environment - I think this is a very dangerous market environment for shorts righ now in general. Everyone who doesn't know elliot wave thinks BTC and S&P and going to crash, there is so much FUD going on its actually hilarious (when in reality wave 5 is about to start for BTC and S&P taking them to new ATH by end of 2022/early 2023... when this begins (soon), heavily shorted names like THCA will take off on a spaceX rocket to the moon. BIg players like TSLA, GME, BYND (oh you're in for a treat, the setup and catalyst are in the bag baby) are already threatening its squeeze-time kicking off as early as next week.
On my chart I listed 3 targets:
- initial target = 11.50 is near-term w/ or w/out a squeeze, just based on the chart and statistics of the price action dynamics
- intermediate target = 16.28 is mid-term even without a squeeze unfolding (just using the proportional increase in successive pops and extrapolating accordingly)
- minimum squeeze target = 20.20 - and that is conservative, based on the short data if it gets going it could pop to 32-40 (it then becomes a fast sell at those levels)
*** This is a high reward/low risk play here because its essentially traded at 10 its whole public history, on average, and I see 10 as support (so risk ~ 38 cents hah)
Not financial advice but I'm playing shares and Nov 18 2022 10.00 calls for ~ 1.00 and looking to sell at ~10.00 when it hits 20.20.
Clear Vision, cloudy eyes.
Regards,
Billy Walters Jr.
AMC fractal cycle (5 parts)Most of us who looked into the executive order catalyst will understand why we saw the push down after june 3rd, and more-so why we are where we are today. Here, I show my idea for the fractal cycle. Before a cycle begins, there is usually a selloff, however, that can be debated as the full year leading up to the jan squeeze can be technically defined as a 'sudden spawned start', if you get what I'm saying (though there is an entry by sell off). If you look at the 1hr chart, and go back to 2020, you can find small renditions of the pattern we see if we zoom out (say on the weekly). I will post a link to that example.
So, my idea is that when executive order 14032 got signed on June 3rd, 2021, the cycle was halted, and purple was put on hold. Now, we have been traversing green. The cycle is not complete until purple is finished and white enters play. It goes:
1) red - accumulation
2) yellow - accumulation
3) green - accumulation
4) purple - distribution
5) white - sell off
restart.
In essence, it is very simple to know when a new cycle begins. As soon as the high of one section is surpassed, the new cycle begins. So for 2020, the high was 7.56. As soon as we ran past that, macro yellow 2021 began. The high for yellow 2021 was 20.36 (not including ah/pm). As soon as we ran past that.. you get the point. So purple will start as soon as we run past 72.62. So a question that should concern you is, 'well it could hit 73 and just sell off?' Yes, that is logically valid. It is up to you how you traverse that new cycle. Look at my plot maps (only 2) and see how you might consider purple representing higher than just 73. But of course.. this is not financial advice.
So things to look for for 2nd & 3rd week of june:
need a triple bottom around 9.70 (if it breaks 9.70 then we are still in a sell off period - short term)
If we get the triple bottom then it would signal a buy.
August 2nd is next catalyst with regards to executive order. The real question is (addressing any firms tied up in this) to be or not to be first. God speed
Update: ;AMC macro cycle TA TheoryFirst, please look closely. That green wave is, essentially the void. A place where the price has no sky limit except for the yellow dotted line connecting the peaks of the last two squeezes. The white has been used to keep price stable. Any halts we saw, i think, is due to fear from letting the price leave these lines of resistance. Inside the the purple is what they want. There is a top but no bottom. Perhaps the cycle is 'pull buy orders during the cross over' then when it enters the purple 'let it rip'. This can change of course, if ftds become too hot or the swaps place too much risk. If this happens, then you use the long wave across the top (also white) to act as an area of distribution. The scary thing for them is that eventually, there is an end.. but its so far down the line (2025) it works in their favor. There needs to be a catalyst.. something.. that breaks us out of the resistance otherwise we smooth sail until 2025
Potential End of the Downtrend (Monday May 16th)Check it out, the aqua blue and orange lines represent the downtrend we've been following since the March run-up. Today the price is being pinched between both lines. Monday could be the day. Not saying MOASS on Monday but probably time for some upward momentum.
Parabola Pitchfork - almost timeGME is a Buy over 150, expecting explosive pop as soon as it runs back over 150 could be today or tomorrow.
I haven't used the BBand/MFI/Vortex Indicator combo in a while but it works well for GME.
-Initial/intermediate target 196 (could run into some resistance there and drop back down to support in the 130s one last time before pop to 200s so watch that level close
- Target 223 by early May , they want to take it to the sky before they ultimately drop it so it could continue past 223 to some crazy levels... but that is speculation.. the mat/chart says 223 near-term
If you want to be slightly more conservative and enter later with confirmation watch for the VI to cross green over red, but by that time it will be higher than it is right now. I like entry above 150 because that is the intraday equilibrium level where supply = demand and it has the periodicity to pop on the next time it gets over 150.
Not Financial Advice.
Bless you all
~The Alpinist
Meme PowerIf you're going to play any meme NOW, it is BBBY.
GME and AMC have run up to high resistance levels so if you didn't join early on, you're too late.
BBBY on the other hand, still has room to go.
Looking for closes on the hourly above 28, 31 ish areas and squeeze can commence.
Purely degen play. No point in charting other than resistance levels.
Cohen all over this as his next play. This may be the next (dare I say...) MOASS.
Do your own DD.
NFA.
Whole market is just on some drugs. Might as well join in on the fun if you like gambling lel.
In 04/01 30c
04/08 35c
AMC 1W IC&BOLL crossAMC Is starting to test on every time scale for the BOLL and IC. What I am looking at next are those 27,30,40 price ranges. If it takes multiple days for that then it could change obviously. But the 1W Bollinger and ICHIMOKU cloud crosses are ones to look out for breakthrough and or rejection
AMC break out on the BOLL AMC has been getting lot of momentum and is still on the upper BOLL opening today. We could see a move over the BOLL and recent highs into the last supper area we had. Roughly %30 to that area. With the MACD still under on the 1D it could get that 30% in this 1D candle to keep the momentum