Shortshorts
GME Trying to find its way home...Ryan Cohen has announced with his massive balls on his sleeve that GME will be seeking approval of a stock dividend along with a split. This is extremely bullish news along with the bullish price action we have been seeing the past couple of weeks. GME looks to be heading back up the upper trendline around 240$ area at the moment with momentum continuing up, If anyone is shaky about staying in this play then it isn't for you. This is a long term swing/squeeze play imo, Looks like its doing the same thing AMC did last year in the summer breakout of 70$, (breakdown out of the bull flag, then proceeding to scrap its way back up into the upper trend before finally taking flight. We shall see what it does but i am personally adding and holding the positions I have. Good luck guys.
AMC WEDGE BREAKOUT & RETESTLooks like AMC broke out of the bullish descending wedge here on the daily, The minute it had first broke we ran up 34$ pretty quick. Now as you can see we are coming down to retest the the wedge breakout area, allowing the RSI to cool off due to it being inflated pretty quickly. I am personally adding to my position in this ticker at this time, If you are daytrading this then you sold a long time ago at the peak hopefully, But if you are in this for a longer term swing/squeeze play then I would not be nervous nor shaky about this downside move. If you are in fact not sure wether you want to hold AMC or buy through this volatility then this play was never for you. Stick to your plan, and don't be a pompous tiny weenie person about it if you're short. Good luck to all.
$TSLA Technical Analysis$1100 PT by July?
#Tesla's chart is a thing of beauty. As more volume has poured in going into #2021, I have started to notice specific patterns arise on $TSLA's chart.
Large runups a few days/weeks after earnings, consolidation into a falling wedge, and then rinse and repeat.
This is indeed a risky play, but Tesla tends to burn shorts when they least expect it...
www.barrons.com
GLTA!
Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange-traded funds, mutual funds, options, and money market funds involves risk of loss. Loss of principal is possible. Please exercise your own due diligence.
AUDNZD Great pair to shortwhen paired, aud seems to get rekt by nzd when the US stock market crashes. since its already on a downtrend it offers some insurance. the us market is getting ready to pop (at least in my opinion) so this seems like the best place to put your money. This is not financial advice, I am 21 and probably drunk.
ridethepig | Teeing Off in Tesla📌 Play continues with the next hole ... as in the previous ( with GBPUSD ) we will keep it to three main targets initially.
Now in Tesla's case, buyers are having to overcome some difficulties in development; the highs are optimally set with an island reversal, and so the tables can be turned. Timing wise this hole could not be better placed as sentiment looks set to start an attack against Tesla which has been cramped from exhaustion after all the good news (whatever that means).
.... TSLA @ 800
What is in play ? ... using TSLA as a barometer for the whole US equity board.
If Tesla loses the current structural support it will move the whole board as collateral. More gridlock on the other hand will leave us in a continuation till FED march.
For this swing, a good, perhaps better, target for 'par' is 500 (a whopping -37% drive). The extensions below at 460 and 400 are open for our 'birdie' and 'eagles'.
Thanks as usual for keeping the feedback coming 👍 or 👎
Bear Creep 🐻 War Room: Daily 🍞 War Room:
Testing range 25200/500
Aggressive Rip n Dip over and under new Support (?) of 25250/300
Watching commodities divergence
Exit rip n dip before last hour of US session
”A yo-yo means more doh.”
#Daily Bread Formation
#Ready Bears... Attack!
🔚
——————————
Important❗️:
Whether you agreed or disagreed with this article, hopefully, you found it useful. Please remember to like, comment and follow.
Let’s support each other to improve, learn and grow.
——————————
Disclaimer⛔️:
Please do NOT use my ideas as the basis for any financial investment.
This content is time, price and market sensitive and intended for educational purposes only.
-——————————
Bio 🅱️:
Charles Sankara
Day Trader
London 🇬🇧
Rotterdam 🇳🇱
Nairobi 🇰🇪
——————————-
🔚