Moass
AMC " 1 banana 2 " The handle of this pattern is just about complete. if we break 44.34 which will end the cup and handle pattern, the measured move, is right around 54.33. Under normal circumstances and I stress the word "NORMAL", the measured move generally exceeds the dip of the cup. Under FOMO its anyone's guess where it goes. Either way apes, the bananas are on sale! Get some while they're cheap.
Good luck to all , and Happy Friday to everyone!
$AMC bringing tendies just in time for thanksgiving!Here is my rough estimate for AMC prices this month based on the previous cycle. last couple weeks line up to a T and I expect the prices to continue following this pattern. Im guessing AMC hits between 140 and 280 on the 23rd as the peak for this cycle.
Possible $AMC Squeeze This MonthSimple trend analysis of $AMC.
I'm seeing many similarities in Jan-Jun as I am in Jun-Oct.
If we continue to follow the pattern from the previous squeeze just as we have been for the last 5 months, we could see the following:
Nov 4th - 50
Nov 16th - 60
Nov 17th - 73
Nov 18th - 100
Nov 23rd - 246
Will this be enough to trigger The MOASS?
Only time will tell.
AMC Future Move?Look at the similarities, where it retraces and bounces. Also the George Dubyah (aka Double Bottom). Looks like crap but it tends to be following same pattern but longer since HF dont want this to move like it did. Think of it as trying to make the fight longer, but at some point it ends. I feel like the breaking point where they start to cover will be around $90-100 mark because GME battled around this area before it made its move higher up. Think its a psychological point where they will give up and start covering. After that, who knows where we will go.... Actually its the $118-132 mark without the shorts covering. With shorts covering, is a different question that remains unanswered. Therefore, P I C K Y O U R F L O O R , N A M E Y O U R P R I C E
Possible $AMC Squeeze In NovemberSimple trend analysis of $AMC.
I'm seeing many similarities in Jan-Jun as I am in Jun-Oct. If cycle theory is true, we could see a repeat of the last two squeezes playing out on the $AMC chart in November.
Will this be enough to trigger The MOASS?
Only time will tell.
GME Everything Is pointing towards ANOTHER RUN ! Bullish !Not Financial Advice
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Technical Analysis :
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First looking solely at the TA , considering the ticker cyclical behavior everything shows that it should shoot up anytime.
Ascending Triangle inside the "Golden Triangle"
MACD/RSI are showing the same clear signals as before precedent runs.
Not shown on the graph, but IV is also at the same value as before JAN 2021 Run.
Now I believe more volume is required to beat the downward pressure from Bears Hedge Funds.
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Run down of possible Catalysts :
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Earnings
Now we're in this dynamic right before earnings , with the cyclical behavior in mind, it only adds to the bullish case.
Video game industry sales are extremely seasonal. and Nov , Dec are by a large margin the best months for the whole industry.
Adding to that that Gamestop sells much more PC hardware, clothes, phones... And is the process of shifting to an e-commerce model. It is plausible in my opinion that they will crush this quarter.
One of the sources : www.statista.com
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SEC Report :
During June earnings meating Gamestop board anounced they were in talkings with SEC.
SEC issued a report that's overall pretty bullish from SEC, basically stating that Shorts are trapped in this case.
Source : www.sec.gov
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My personnal belief as I said is that volume is required to back the bullish case.
With FTDs rolling for Shorts we could also see a fabricated upward momentum.
We can also believe it will go to 200 then back before 170 before another run early November. In case volume is as dry as it has been lately.
Honestly no precise price target in case it shoots up, just up.
AMC's 3rd Squeeze PredictionAMC has been prepping for it's next squeeze for almost 5 months now. Short Interests is at all time highs meaning shorts have not covered and the technicals show bullish momentum starting to build up once again.
Some indicators that suggest the next squeeze is starting.. low volatility, low volume (increasing now), high short interest, pennant close to breaking out, and previous trend analysis.
My price target is taken from AMC's Speed Trendline & Fib Retracement levels which suggest the next squeeze will peak end of November at around the $150 area
Low/High Weekly Price Targets:
October 22 - $38/$48
October 29 - $42/$62
November 5 - $52/$80
November 12 - $73/$88
November 19 - $87/$104
November 26 - $96/$150
BIG NEWS ApeArmy!! It's YUUUUUUGE!
As usual, this is not financial advice. Do you own due diligence. This is just what I see forming.
An ABC correction is forming that, if it proceeds to develop as I see, will constitute the first leg of a Motive Wave.
This correction will need to break through the descending resistance (blue) and add 100% of the A-leg. This will form the 1-leg peak (~$252). If it does that and rejects the (now) descending support as a 50% retracement (~$199) retest, that retracement coincides with the 618-level which sets GME up for a textbook Elliott Motive Wave.
This is SUPERCALIFRAGILISTICLY bullish.
As this is developing on the DAILY, do not expect this to happen overnight. However, that retest 618 retracement still needs to exceed the 1-leg peak to provide confirmation.
The cautious take: wait until the price closes above the 1-leg peak before entering.
The conservative take: wait for TWO closes above.
The aggressive take: enter after the bounce BUT above the A-leg peak ($231.44). Importantly, you should expect a quick pullback before advancing again (see ME.)
ME: Already committed, I'm looking for a 123-wave stopping short of the 1-leg peak. I'm looking for ANOTHER 618-level retracement owing to the fractal nature of Elliott Waves. That would set up a sub-wave to map out the entire 3-leg.
I'm very, VERY excited about this development. **IF** everything progresses according to theory, we could be looking at a $370+ for the 3-leg peak and a $480-ish for the 5-leg. (My money's on $460-ish.)
The Euphoric take: Is this it? The MOAM (Mother of all Motives)? The MOASS? I dunno, but given what's happened in the past during run-ups ... Hoooooooooo-boy, I'm not gonna risk missing this rollercoaster.
SideNote: If this is the squeeze, we will likely see an extension of the 3 & 5 legs. What does this mean? It's the 3-phase runup. What does it look like? See what you can expect with my $SHIBUSD chart.
Trade smart. Trade Safe. PROFIT!
Living in the pastIf we're comparing how close the Jan to Mar chart is to the most recent pop and settling.
For those apes that love to see these types of charts so they can time the MOASS.
For those HFs who know the end is nigh.
If history rhymes then the next MOASS will hit $260
20.35 high in 1/2021
72.62 high in 6/2021
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equals 3.568x
72.62 x 3.568 = 259.1
ALL UPTRENDS + BULL PENDANTAny DD at this point would be a waste of time as you all mostly know by now the stock is being manipulated heavily by naked shorts. That being said were just looking at the chart for a time and price estimate. As you can see most of the uptrends are all looking in the same direction. Theyre all looking at around the $500 + price mark at around the end of October or beginning of December. To me this seems reasonable. It may correlate well with banks needing 1 trillion by the first of October. To me the worst case scenarios is it dipping slightly before launching. As always, I do this for fun and make a pretty decent living out of it but I am not an advisor. I DO NOT TRADE this stock, I ONLY BUY AND HODL. Most of the stock market is risky for me at the moment and I feel GME is a safe haven for my funds.
Thats all. have a nice day!
God Bless
Massive GME Bull PennantThis huge Bull Pennant for GME is coming to a head in 4 weeks. First major resistance level on the weekly chart is at $231.41. Breaking this level means smooth sailing all the way to $348.50 and also breaking the upper bound of the large wedge. Past that resistance level means clear skies to all time high territory, as well as a definitive breakout of the bull pennant.
AMC Update: What to expect in the next 1-2 Wk's 9/13This Chart has been a work in progress but let me tell you, the process has been great.
Price has hit Pt's but now we begin to get close to the Squeeze.
We have hit a very important line of Resistance (LoR). 52.06 was a LoR that I see started back in the symmetrical triangle that was prevalent when price wanted to touch the Upper or Lowe lines of the symmetrical triangle.
Now that we are back at the low of that range, I believe we are going to see a lot of volatility in/near this range (Red Box)
Inside the range of the Red Box, I have 2 other ranges that I believe are significant Reversal or Continuation areas but Ultimately, we should be seeing Volatility and Upward momentum in/near the bigger range.
The way I see for the immediate short term to play-out is reversal's to the downside at ranges 1 or 3 to the Green line Labeled "2. Green Line". Once we see this range, for us to begin a healthy trend to the upside we need to see a bounce to the upside off that green line. For us to break 2. and assume we are going to the upside still, we would need to fall under the green line directly into a pattern (We wont know from the day that we break the green line to the downside that we will reverse to the upside until a few days plays out for the pattern to form itself) So if we do break the green line when we come back down to re test it to the downside give a few days for the market to do its thing and find entrance opportunities in the case that w do form a pattern.
If we do bounce to the Upside off the retrace to the green line, The best case scenario for us would be a test and breakout above the 52.04 orange dotted line which will send us on a Price Target Path of range 72.92-75.22. How we play-out after the breakout of 52.04 will give us a little more insight on how long it will take and what move we should be expecting to get to that range in the early to mid 70's
NOTE THIS: I stress this LoR soo much because it was the W pattern that we broke out of between the 9th and 10th of September. This is a strong resistance point so anytime price crosses it, many strong moves can take place (Reversal/Continuation with heavy momentum, Dump-Worst Case Scenario, Pattern Beginning- My Personal belief upon crossing the LoR.
Below is the Prediction I made for AMC at the Purple Resistance Line on the 2 Hr Tf.
Happy Trading and remember!
Scared money don't make no money (;
GME WEEKLY , End of the downtrend?For comments to this chart, please look for r/Superstonk on Reddit.
When Media tells you "where to find information" they just directing you where they want you to go.
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Holding 95% of my position forever, for the infinite pool. 5% I will sell, pos-MOASS.
Well done GameStop for 25% growth on Sales, f*** what MSM has to say.
If GME's trends could talk [REPOSTED]Good morning Apes! This is a slightly retouched version of my last GME post. I noticed one trend line was slightly off and I corrected that mistake. As you can see since the first upbreak in January GME has been looking straight at the $500-ish area. I would guess, after every trend line confirming, that $500-ish is the price point that needs to be passed for MOASS. If not, that's still the area it wants to be in. NYSE:GME
For entertainment purposes only. Do your own research. NYSE:GME
God Bless
AMC Wed Update: RetraceSo yesterday we saw a close breakout on the Technical Analysis. Unfortunately did not play to plan.
What I do believe though is that we could see a bounce off of the 41.98 resistance line OR the Neckline to the M pattern seen on Monday (Blue Dotted line). With the direction going lower, let's remember that we are more than likely re tracing to a previous resistance forming a new higher low and to continue. Not entirely DOWN trending to new lower numbers.
I believe we haven't changed directions and are still retracing. But, based off the T.A., does anyone else think we are near the bottom of the retracement, or Consolidating in a range (If we were to I'd say consolidation in the range of 48.12 and 41.98)
Retracements are very important and if seen and understood properly, They can be a great buy signal at the bottom of the retrace as-well. Wheres the bottom? MACD
My Thoughts are a bottom near the 41.98 and a green week next week.
Happy Trading everyone and remember... don't sell w/ Hedge funds!! The shares you sell ARE the shares they use to short. The less shares they have the better it is for us!
Side Note: I don't want to hype anyone up, but I truly think we could see the squeeze starting this new beautiful month of September.
AMC Pattern Update for the week and maybe even nextQuick little update for this week.
Wednesday morning should be good.
In the case we don't go back down to the downside. We should see a re-test of 46.88 and a bounce to the upside off that. In the case we do go below the resistance (46.88) to the downside, The bottom to that trend should be in the range of 46.08 to 45.31.
IF we drop below resistance, what I believe we could see happening is a lot of volatility and consolidation for the week and into the next week as-well.
Side Note: Im still very bullish for the week and even next week but once we hit price targets referenced in my first AMC post linked below. We will see red days in a reteracement towards previous resistances which will be posted here once we get there.
We are doing absolutely amazing everyone.
Happy trading and remember, don't sell w/ the Hedge funds!!!
Edit: The green dotted line is the resistance at 46.88. Referenced because that's the re-test line mentioned above.