Shortsqueeze
ACB Short Squeeze! 70% short ratio! 👉Why $ACB short squeeze is the Next $gme $amc ACB has over 20 million short shares, and with daily short volume above 50% (yesterday was 70%❗) this means it's just the shorts trading with the shorts. (shorts are selling to another short that's covering⚠️) and with the stock near historic lows, it's due for a massive rip/ short squeeze up.
-Market cap is slightly above cash levels, so it's dirt cheap
-recent acquisition makes the company instantly positive ebidta
-breaking out of long term falling wedge
-near all time lows
-yahoo message boards full of short bashers (indicating lots of shorts to be squeezed)
Load up a few shares
$NILE about to squeeze the new shorts out?Let's talk about this badly beaten down stock.
First off I would call this a TRADE & not a investment to start off with IMO.
As you can see in the past few days this has gotten quite a bit of short volume on this ticker. The hype on $Nile is coming in.
I would like to see it hit .75- $1.00 first, then we will see where this can go from there once the volume comes in.
GME GameStop quarterly loss on supply concernsNet sales $2.254 billion VS $2.122 billion in Q4 of 2020 VS $2.194 billion same Q 2019.
Net loss of $147.5 million, or $1.94 per share VS a profit of $80.5 million, or $1.19 per share las year.
My buy area is $48 - $69.
I expect a bounce from that strong support.
GME Accumulation PhaseUpdate for my previous chart with a pattern fix and some more detail on how I plan to trade the accumulation phase and do some nice compound trading in a retirement account. Will likely stop posting new charts and just keep updating my trades here on this chart so be sure to follow.
Watching KAVLKavl is pretty interesting. it clearly did its first accumulation and is holding a pretty nice pennant.
The borrow fee is 588% which is extremely high. Shorting this is very very difficult.
The short is over 30% of the float at 100% utilization.
I think we could see more action here in either direction but something tells me it has strong squeeze power. Its vape stock, that just got its FDA approval back, which was revoked due to fruit flavor "bidi stocks"
GME GameStop consolidation areaAfter GME went even lower than the exacted support line:
Now we need to keep in mind that $90 is a great entry price in case of a selloff due to market condition and increasing of interest rates.
GME is now in a high volume consolidation area, slightly bullish in my opinion.
The ETH market is in the Phase 3 (Short-squeeze) of bulls attackThe breakout of ETH market happened as we expected and the ETH price had risen rapidly more than 10% in the past few day.
The order of strong bulls attack (ETH price may up to new high) including 5 Phase. Now we are in the phase 3 (KD 50 -> KD70-80, and KD>70 more than 3 days) that I mentioned in my previous articles.
check the funding rates:
upload.cc
Phase 3 (Short squeeze). KD 50 -> KD70-80, and KD>70 more than 3days:
Market makers carry out the strong short-squeeze ( bullish ), and price rise rapidly. The fuel of short-squeeze decreasing as price rising (see the funding rates).
Wonderful performance may be coming! Good luck!
Ps: If you want to understand the complete process of strong bulls attack (5 steps), please check my previous articles :D.
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Analyst of cryptocurrency Yu-Shiuan Chen
My Daily Short Volume Indicator (1st on TradingView)Hi all,
Given the recent attention to short interest, short volume, short everything - I'm publishing this analysis about what my indicator does and does NOT do since I've already been getting a few questions about it.
Terminology:
Short Volume = the number of shares opened *or* closed short in a given day.
(Unfortunately, this data does not exist intraday for retail usage from exchanges. If you want intraday, you WILL have to buy this for an extremely expensive monthly subscription.)
Short Interest = the number of shares currently open which are held short against a specific stock / ticker.
(This is only reported by the exchanges twice monthly and has a two week lag - 2021 schedule here: www.finra.org)
Short Float = the percentage of shares currently open short / the number of shares currently float (float = in market circulation) in that stock.
Introduction:
Quandl supplies a daily total volume and short volume dataset for two main exchanges - NYSE & NASDAQ.
This indicator aggregates both of those so you have everything which is publicly and easily available via Quandl BUT and this is a big BUT:
** There are lots of other exchanges which are not included in this indicator, i.e. there are lots of other places that traders can open and close shorts outside of those two exchanges **
This indicator should be consider a sample of the market. A soft-indicator, not an exhaustive data resource.
Walkthrough:
This indicator has 3 main settings currently:
Shs Outstanding
Daily Short Volume
Short Volume Ratio
When I'm screening a stock in a potential short squeeze (Example GME, other great examples are KNDI, KODK, etc.) - what I'm looking for is:
Has the dilution changed since the last major squeeze event? (most squeezers are repeat squeezers)
What has the short volume been looking like lately?
What is the ratio of short volume to long volume lately?
Each of those settings on this indicator attempt to answer those questions and those questions only.
For instance, when using the Daily Short Volume indicator - I'm able to see the early squeeze around the 20 mark on GME and try to analyze further if there's potential for a re-squeeze (new shorts who entered at 20 get squeezed by higher prices etc.)
And when using the short volume ratio - I'm trying to predict how MUCH of the move can be attributed to short volume (opening or closing). In this case, it looks like no more than 25% was due to short volume on the NYSE / NASDAQ which is pretty significant compared to something like the KODK move in July 2020 which was pure long day trading on a small float with news catalyst.
VS.
Feel free to reach out with comments, ideas, questions, and more.
Hope this helps you find your Gamestonk before it happens next time.
$lmnd reporting good earnings?A recent wedge i've noticed in lemonade stock could show that lemonade will have a rise in price around the end of February. This will likely be due to better than expected earnings but in the absolute best case scenario would be due to a tesla partnership which was sort of danced around in the last earnings call.
Potential Short Squeeze setup because everyone is bearishThere are a lot of small shorts opening to front run a potential next lower high but our support in this consolidation is parabolic and the 1h bearish divergence is being supported by the bulls to prevent the divergence confirmation of crossing below 60 on RSI 14.
We also had that spring with massive volume , and this trend is old; not to mention basically everyone is looking for lower highs to short.
All the ingredients are there. I give it a 55% chance we squeeze up to 40-42k or 50-52k.
If we break our parabolic support, we can then use wykoff analysis to determine if we are in a reversal to back-test 33k support or if a bullish higher low will form.
How not to get REKT by the infamous BTC Whale BearsFirst point to note: No setup is foolproof. However, past experience and history provides a high probability when you play setups correctly and are strategic with your risk management. From what I've seen, the majority of traders (I'd guess in the range of 60-80%) will lose money trying to trade this environment regardless if playing Bear or Bull. I always recommend using scalp plays and cost averaging to mitigate the risk of a short squeeze in a scenario like this one.
Okay with that being said, Here's how you play the setup:
Remember, there are fractal rising wedges all throughout the major wedge.
The major wedge will eventually reveal itself, and most likely stairstep all the way to the support above (previously the resistance before the recent dump).
The trick is not to over commit on the fractal wedges or you'll get rekt by whale bear.
Set your stop above the support or above the wedge, depending on your risk tolerance. Highly conservative traders should not enter a trade until they have seen the major wedge appear, or use a very disciplined scale in (i.e., commit more at the top of wedges, and be aware a bigger wedge may come so leave some cash to play with.
If you want to play shorter term trades, focus mainly on cost averaging, and take profits as necessary. There will likely be an opportunity to re-enter a position if this is indeed a large rising wedge pattern. In the case it is not, then definitely take profits. (So basically cost average and take profits where necessary). I try not to overthink this. Sell half the position at extreme moves or the bottom of wedges and you'll likely get to re-enter that position and improve your cost basis.
Be extremely patient and stick to your stop. The whale bears will push the price up as much as they can without breaking the major rising wedge. In the process they'll squeeze out baby bears and they'll trick bulls into giving them their money.
When the whale bears are ready, they'll take the elevator down. It usually happens very fast so have some sell targets with limit orders already set. Meanwhile, if you're extra bear-ish, save some of the position in case we find new lows.
I like to move my stops down when i'm in profits or i've achieved a nice cost basis. You can set that to break even, or whatever profit you're not willing to give up.
Remember, short squeezes can happen at any time. You should not take on more risk than you are willing to lose. Always ensure you can stay in the game. Always adapt to changing circumstances and new information.
Good luck! I hope this guide is useful.
Any experienced Bears out there that play similar setups? What did I miss or what can I improve in this play? Look forward to comments. Thank you!
Will History repeat itself? With uncertainty in the air the market not just AMC and other memestock in general is panic selling. Major general market as well is bearish, such as the SPY for example and including stocks like NFLX had recently suffers a lot downside. However I think this is the perfect catalyst for AMC short squeeze imo. Will 2008 Volkswagen occur again this year? Nobody knows. If we are to fall to $14, or $7, AMC may experience a long consolidation before a rally again. Bad for swing trader, daytrader that are bullish, but good for shares buying at lower price.