$GME - Next FTD Reset or Bleed DatesHi ya'll,
By now i hope you all know what an FTD is and what an FTD Reset is and what the general cycle of these is. If not, that's too bad.
Anyway here's some dates on which i personally expect GME FTDs to be reset or to be let to bleed out as price increases.
Here's one of my few DD's explaining how i come to the conclusion for these dates amongst other things. I'd love to post these here but the format won't really paste well, so here's the link...
www.reddit.com
#reddit #stocks #meme #CLF# Seven year old resistance breached!!In this video, the discussion is about the #CLF (#Cleveland-Cliffs Inc), Price Action analysis, resistance, support, stop loss, risk to reward ratio.
Note: The discussion on the video is not financial advice and is purely for training and educational purpose.
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.
GME 3 possible Algo KeyCodes MatchI made a key code of the price action then found an exact match to this move in the past.... one that matched at lease 95% or better. That way if the move is that close to the same shape we have now it must mean the sentiment of the market was the same at that time. Therefore, the outcome should be the same coming out of the move. I then used PTP which is Past Trend Prediction by tracing the trend it made after this move in the past and projecting it forward on to the current move.
Then I took the same move on the Daily which is a different Time frame then the first..and found the same move with out a key and traced its path and projected it forward as well.
Sometimes I use about 5 other Price Action tricks I have have developed over the last 10 months or chart out the Curve and what Stage it is in. The Curve is my own brain child and I compare that to Wycoff method. Taking all of these into account You have several different approaches to confirming direction and intent of the institutional buyers and where Retail resides during this move.
If you would like to have more information or videos on Any of the ways I chart pls comment below. Like, follow, Subscribe...share.
Thank you,
iCantw84it
06.07.2021
$GME - Is it go time? (Not a DD post)Hey all,
Not a DD post as i think the rocket is on it's way up already, so what's the point right?
I think we're in fact trading on Max Pain even though many people (including myself previously) are now convinced that we're not. I've collected my own Option Flow data and compiled it and realized that the max pain for the OI of the past 2 days is $290. For the price to drop significantly today there must have been new excessive call/put buys or actually contracts being closed due to the new OCC-003 coming to effect today which increases market makers collateral requirements for options. This would mean it would be much harder for them to keep kicking the can down the road using deep ITM puts and married puts.
I speculated that there would be a sort of flash crash when wer'e near $300 on one of my reddit posts 1 day before the actual mini flash crash from $292 down to $260 happened. This assumption was based on the HUGELY uncommon amount of ITM puts at $300 purchased on the 23'rd of May for $61 million premium dated to expire in 2022 and 2023 January (lmao). My assumption was that somehow exercising these would flash crash GME, but i think that's completely wrong, i think what actually happened was that they dumped/closed those contracts yesterday with something like 95% loss which caused the other side of the trade (algo) to dump the shares it was hedged with and this was likely the reason behind the drop from $292 to $250 ish yesterday.
Today 3'rd of June i assume the reason why we're a bit down is that because more contracts are being dumped due to OCC-003 coming into effect today EOD. If they don't dump them, it'll mean insta-margin call tomorrow, so they have to dump them or at least that's the assumption i'm making. By dumping those contracts they're severly affecting the Max Pain point between call / put open interest for GME which is likely the reason why we're moving so erratically.
Jefferies has also restricted short sales on GME today which is quite funny because of it's timing with OCC-003's arrival today. It says a lot.
I think the rocket is off and is only a few meters/feet off the ground right now. If these levels at $240-$250 hold and we bounce off upwards from here then that's fantastic news because the GME chart is likely to be fully vertical by the end of June as the price is moving up logarithmically right now and that's bloody insane. ~$250 is the bottom of this logarithmic/exponential curve.
Let's see what happens, strap up, lay back and relax and prepare yourself for a generational wealth transfer.
I'll be doing a DD write-up later on as i have too many theories on how they've been able to game the system for this long and how it's coming to an end for them due to the recently introduced new regulations under the SEC, FICC, DTC, OCC, NSCC etc. I've contacted the SEC in regards to the deletion of regulation SR-DTC-2021-005 and requested a FOIA update on it. This should get the wheels turning and questions asked on who deleted this 1 regulation that literally kills share rehypothecation.
AMC to the moon Last time I published idea, when AMC was 10 bucks only, I told that it will go up to 26 bucks. SO.
Now it will probably has a little bounce back and due to a lot of factors, such as gamma squeeze incoming, dobble bottom, it will go up to 40 bucks.
***Diamond hands since february 2021***
$PLTR Re-emerging bullish behaviorHello,
$PLTR appears to be re-emerging as a bull on the 1D and 4HR charts. The on book volume is increasing so someone is buying an holding at this level. The price average is also pushing closer towards MACD 0 which could give rise to a bullish uptrend once again. This will probably take place across June. My best guess is that we could hit as high as 26 by end of june. Higher, if reddit jumps in. This is a long time favorite of reddit so I wouldn't be surprised if it gets a little nuts.
CMF is also showing a push of money over the last week into PLTR which makes sense alongside the OBV. The money that's being put in now though is starting to raise the price so I would argue that at least a short term--possibly long term--bottom is in. Where it goes from here, probably a slow gain towards a bigger burn.
Best of luck. As always, I only provide ideas. I am not responsible for your profit or loss. Trade carefully and at your own risk.
[STOCK] GameStop (GME) Cheat-SheetThis chart is basically saying that the price of the GameStop stock is still accumulating with decreasing volume on the NYSE. We see the price reacting to either the Support ($140.00) or the Resistance ($190.00). From a technical perspective, there is no advantage in trading within the pattern. You will have a great Risk/Reward ratio after the price breaking out of the structure.
There are (obviously) two possible scenarios. The current sentiment is pointing towards a bullish scenario, which can be confirmed be looking at the MACD (Moving Average Convergence/Divergence) and the RSI (Relative Strength Index). The average price is increasing while the price is going in a sideways movement. In this case, we see buyers being active on the market without being able to spot it in the first sight.
For a proper breakout of the horizontal channel, we want to see increasing volume and a strong reaction at the support/resistance. This is my personal confirmation for loading more stocks. If the price moves past the $140.00 level, I will look for a lower entry around the $100 level.
Feel free to check out my previous GME analysis as well
$GME - FTD Reset Cycle UpdateHi all,
None of this is financial advice. I'm not a financial advisor.
Looks like my last prediction based on GME's FTD reset Cycles was correct give or take 1 day (I called May 14, but we actually saw the movements on May 13). Because of this, i'm taking a second stab at calling the next FTD reset cycle/s.
I've highlighted the previous cycles, how they've supposedly ocurred and their results. I've also added the future reset Cycles and what to possibly expect before and after they occur.
Keep in mind that the GME wedge ends somewhere around the 5'th of June, so i've flagged all FTD reset events around that area for your viewing.
1) Keep in mind that the FTD reset cycles don't equal squeeze territory. At this point in time they indicate periods of "interesting" price movement.
2) There was interestingly high amounts of shorting that is extremely visible (to me at least) for this last T+35 period (Pink Colour) which to me indicates desperation by the shorts to bring this down and/or them knowing we're near the end so they're rattling the cage they're locked in trying to get out... I don't know for sure, but that's what the pink colored parts of the chart are telling me. It's the first time they didn't reset FTDs before T+21 but instead re-shorted more with the intent of resetting at T+35. If that drastic change of tactics doesn't indicate desperation, i don't know what does.
3) I've drawn with Red/Green lines that indicate the possible directionality before/after the FTD reset cycles. These are quite guestimated and it's my first time trying to guestimate the direction before/after an FTD reset based on past directional changes, so don't take this data seriously. It's more of a first test for myself to see the accuracy of my current guestimations. I'll be improving the accuracy of these guestimations/data extrapolations as time progresses. To be honest, i don't think this will drag on so long that i'll have time to gather more data to extrapolate more accurate direction movement during/before/after FTD resets, but ok... whatever, you never know.
4) A large enough runaway price move that cannot be controlled by the shorts is all it will take to get this train going. We don't know when, how and what will cause this. All we need to do is hold and wait.
5) Possible catalysts still include:
Ryan Cohen exercising his right to buy +7 million more shares. He can likely exercise this after the shareholder meeting.
Overvoting (More votes than share float).
CUSIP change? (Unconfirmed, my own theory)
Share recall (Unconfirmed, my own theory)
Share Split (Possible, but unlikely to happen due to financial requirements)
Dividend (Possible, but unlikely due to financial requirements)
Joining a new Index like the Russel 1000 or others (Unconfirmed, my own theory)
Shorts capitulating (Possible, but will take patience and holding as the shorts are bled dry)
Right now there's nothing else to do with GME other than to buy and hold.
None of this is financial advice. I'm not a financial advisor. I'm just a guy from a village that's owned GME since January for his entire life's worth & more who's done endless due diligence to be sure his investment will pay off.