Stocks To Watch This WeekWeekly charts showing what is working in the market. I show the ETF first and them some strong names in the group. Get a pen and paper because I go quickly and make the trade your own.. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 35 total stocks on this list Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
Shortsqueeze
BTCUSD liquidity grab and bounce off yearly VALBTC grabbed ran local lows and reversed in a liquidity grab. Looking to see a rally to higher liquidity and to potentially put in another lower high before down trend continues. Retail is likely shorting here so they will get squeezed and bring higher prices in short-term.
AMC CEO sold another $7.1 million shares this weekAdam Aron, AMC`s CEO sold 312,500 shares on Tuesday, according to a filing with the U.S. SEC.
His total proceeds since November is $42 million.
Aron has still 2,302,760 shares worth more than $52 million based on AMC’s latest closing price, or maybe even less if AMC will fill the Gap to $16, which is possible.
After retail investors saved the company from bankruptcy, the CEO dumped a lot of shares lately as an act of gratitude.
Thanks, Adam!
$LGVN – SI 65%Longeveron Inc., a clinical stage biotechnology company, develops cellular therapies for aging-related and life-threatening conditions. The company's lead investigational product is the LOMECEL-B, a cell-based therapy product that is derived from culture-expanded medicinal signaling cells that are sourced from bone marrow of young healthy adult donors. It is conducting Phase 1 and 2 clinical trials in various indications, such as aging frailty, alzheimer's disease, metabolic syndrome, acute respiratory distress syndrome, and hypoplastic left heart syndrome. The company was incorporated in 2014 and is based in Miami, Florida.
BTC - Potential Price Areas To Look ForAs BTC is grinding lower and lower there are still two potential scenarios that could happen in the upcoming days. First there is the support area where we are in right now at the time of writing (orange box). I still see it as being quite good of a support area and also a resistance during the summer of last year.
This is why i think that if this orange price area holds for now it could trigger massive short-squeeze to the upside, where if it breaks above orange area we could expect to even go as high as reaching to 55k area (green box), but of course not further. This is where it is expected for the price to reverse from (if such short-squeeze even happens). 54-60k is such a massive resistence that i don't see it breaking until the next bull run, years in the future.
If the short squeeze happens or not i still expect BTC to dip into a capitulation area (red box) eventually.
I am not a financial advisor so non of this should be taken as a financial advise. Be Well.
BINANCE:BTCUSDT
BTC Reversal IdeaHey guys,
BTC is resting on a key support, breaking this level would mean the short term up trend is broken and we will have to reassess the next zones of support.
Here are the bearish order blocks that will likely get filled.
MACD, RSI and Stochastic RSI are all trying to curve upwards currently, we are looking for a small short term bounce out of BTC before we come back down to retest the trendline, make everyone place large short trades, and then have a massive short squeeze to liquidate all the shorts.
This happens time and time again.
Just an idea for you guys.
AMC to $ 7500 per share?Hey trader,
please see my current idea on the AMC stock, where my count suggests a short-squeeze to the $ 7500 per share area. This is due to the fact that our wave 3 has the similar length as our wave 1 and wave 4 hasn't manage to invalidate the bullish scenario so far.
A invalidation is given if we see a retrace furthermore than 50% and a touch of our wave 1.
I bought $ 500 of AMC stocks just in case this technical target may tab, even tho I doubt it. I'm a serious trader and a serious investor, but on this one I will leave this seriousness by side - I am with you guys! Let's hodl.
Please keep in mind: This is no financial advice, nor an advice to buy the AMC stock since it can induce a total loss of your money. Please risk only the money you can lose totally.
Best of luck to all!
RT
BTC Is Still Deciding What It Wants To Do First First of all, Happy new year to you all. Weather you are trader, investor or you just like to be here, i wish you all successful year (even though stock market will collapse in 2022 haha) good health and loving things. Now to the BTC.
As far as my last idea goes for BTC i still think we will form a new bottom eventually, but before we do btc still has to decide where it wants to go first. We could just collapse from here or we revisit 55k area (yellow box), provided that we don't get rejected on the way up again (orange/blue box).
Short squeeze is still in the cards, just don't take this to the bank.
Alt season is just arround the corner as BTC dominance keeps tanking. That does not mean it could still spike up a bit before going down even further. Great news for alts is all i am gonna say.
I am not a financial advisor so non of this should be taken as a financial advice. Be Well.
BINANCE:BTCUSDT
DOUBLE TROUBLE !!! 2x STRN by Jan 13 Strong Q3 results in a growing industry that isn't impacted by inflation or the pandemic, plus a high short interest.
CRTX Cortexyme Short Squeeze CandidateAccording to Marketwatch, 54.23% of CRTX Cortexyme stock float is shorted.
My price target is a short squeeze to 29.5usd.
Looking forward to read your opinion about it.
$CRTX short squeeze potential 65% SI on $CRTX according to latest S3 data.
RSI divergent to price action, MACD is crossing, OBV increasing steadily.
An inverted Head and Shoulders is about to form.
This thing will pop soon.
$CRTX WAVE ANALYSIS$CRTX – SI 55%
WAVE ANALYSIS is based on the notion that markets follow specific patterns called waves which are the result of a natural rhythm of crowd psychology that exists in all markets. ... This last wave is usually traded and its length can be predicted based on prior waves.
Cortexyme, Inc., a clinical stage biopharmaceutical company, focuses on developing therapeutics for Alzheimer's disease and other degenerative disorders. Its lead drug candidate is atuzaginstat (COR388), an orally administered brain-penetrating small molecule gingipain inhibitor, which is in Phase II/III clinical trial for use in patients with mild to moderate Alzheimer's disease. Cortexyme, Inc. has a partnership with Parkinson Study Group. The company was incorporated in 2012 and is headquartered in South San Francisco, California.
$RELI – SI 46% SYMMETRICAL TRIANGLEReliance Global Group, Inc. engages in the acquisition and management of wholesale and retail insurance agencies in the United States. It provides healthcare and Medicare, personal and commercial, trucking and transportation, and employee benefits insurance products. The company was formerly known as Ethos Media Network, Inc. and changed its name to Reliance Global Group, Inc. in October 2018. Reliance Global Group, Inc. was incorporated in 2013 and is headquartered in Lakewood, New Jersey.
$BFRI – SI 83% High short interest according to S3:
$BFRI – SI 83%
Biofrontera Inc., a biopharmaceutical company, develops and provides dermatological products for the treatment of skin diseases in the United States. It primarily develops therapies for non-melanoma skin cancer. It offers Ameluz, an aminolevulinic acid hydrochloride gel for the photodynamic therapy of actinic keratoses; and BF-RhodoLED, an LED lamp emitting red light for use in photodynamic therapy. The company was founded in 1997 and is based in Woburn, Massachusetts.
Tesla holds the 50%After going through a pullback Tesla NASDAQ:TSLA pegged and held the 50% Retracement level at 900. I've been watching this for a while and got into the stock last week (a bit early) but today's price action in Tesla stock and other growth stocks is looking like a potential short squeeze into End of Year.
BTC Don't Get Too Excited - Not The Bottom YetLooking at the fear and greed index for BTC, you can see that even though BTC didn't really have a rally yet, just broke a downtrend it has return to almost neutral. That is a MASSIVE increase from yesterday when it was just 26, now is 45 and BTC has only rose 5%. This is a clear indication that market behaves very irrational. People get excited on the small rise very quickly and vice versa. Because of this there are going to be a lot of fake outs, weather those are to the upside or downside, but mainly upside as BTC is clearly in a bear market. Don't get too excited on the pump that may happen in the next week, and just know that this is to be expected when prices loose that much value in such short time without providing any relief rally.
Still i expect BTC to reach 55k area (significant resistence before another leg down most likely starting with a 4 smaller waves and then 7 larger as we go steeper to the bottom. This is just a guess based on how those last legs end playing out.
I am not a financial advisor so non of this should be taken as a financial advise. Be Well.
BINANCE:BTCUSDT
SPY Short Squeeze based on RSI/post Quadruple Witchingmarkets.businessinsider.com
Looking at the chart you will notice SPY has been trading flat for around 50 days. SPY has never done this before (rare). Very heavy price consolidation = breakout soon
During an uptrend, the RSI tends to stay above 30 and should frequently hit 70. During a downtrend, it is rare to see the RSI exceed 70, and the indicator frequently hits 30 or under.
Friday at close: RSI above 30 indicating a bullish trend is about to start despite SPY price hitting $459.
Big picture: Higher lows and RSI staying above 30, lower highs for RSI, Bullish AF.
Prediction end of January: $515-$530
Photos (Reddit isn't working when I upload photos)
ibb.co
ibb.co
ibb.co
Think I am wrong? Look at 12/1 - 12/3. The RSI fell below 30 indicating a bearish trend then on 12/3 the RSI was above 30 indicating a bullish trend was about to start and the following day SPY gapped up hard.
In my opinion, the Friday sell-off was because England raised their interest rates which makes NO logical sense when their country is a hotspot for the new variant. The rest of Europe didn’t and won’t raise interest rates in 2022 because of the variant.
The CDC states this is going to get terrible in the U.S and the media says it’s mild when it’s not. You need to look at the hospitalization data closer and you will realize it’s significantly worse than Delta. Read below, “CDC issues grim forecast warning that weekly COVID cases will jump by 55% to 1.3 MILLION by Christmas Day and that deaths will surge by 73% to 15,600 a week as Omicron becomes dominant strain.”
Then look at the New York City data, NY Reports Highest Single-Day Case Total of Pandemic. This variant is extremely contagious, the bull run is just starting. Our gov won’t let the economy crash causing permanent damage to the economy when the pandemic is starting again.
BTC Looking For A Possible Short Squeeze To HappenI know I've mentioned this many times now, but still... Either it happens from here, or maybe we have to grind a bit lower to shake retail investors and grab large orders between 42-45k area. In such situations price first moves up relatively fast into the capitulation area (54-58k), that presents a huge resistence right now, then it BTC continues to crash. It is also a low possibility, that we could just broke 42k from here and finish the crash then go into a retracement, but i highly doubt that. I still expect prices to fall into the 33-38k, depending on how laveraged BTC is or will get especially if we get that massive short squeeze. A lot of retail investors will get euphoric on the squeeze and will open over laveraged long positions right at the end of a squeeze. What comes next is a massive liquidation event largely because of over laveraged market.
I am not a financial advisor so non of this should be taken as a financial advise.
BINANCE:BTCUSDT