WallStreetBests Brings You $SDC Short Squeeze Play!Once in a while, Wall St. screws up. They get so greedy shorting a stock that they forget how it can blow up in their faces. $GME $AMC were some of the eg. of Wall St. short positions blowing up.
$SDC is showing the same characteristics. The stock has been beaten down for a few months now, but the momentum changed in August. Bulls returned and were successful in breaking the downtrend. Shorts had many chances to cover in the past few weeks. But guess what instead of taking their profits, Wall St. got greedy and doubled down. Now in the past few weeks, retail interest has grown, social media hype has increased, the news cycle has changed, and the broader health care sector is catching a bid. Demand for the stock is growing and this is very problematic for shorts. The cost to borrow shares for shorting is going through the roof, currently at 92% interest rate.
If this demand for shares continues we will be seeing parabolic moves in the stock in addition to 30% increase in the past 2 days. So get ready this is going to create headlines and I think the move up is just starting.
Shortsqueeze
The Squeeze that keeps on sqoonzing - The sausage ride - LONGAMC has been very good to institutional traders and those who know how to identify when "big money" get's involved.
If you're holding $60.00 bags and looking for a chart to back up your "hopes and prayers"... then you've come to the wrong place.
If you were "gun shy" and didn't ride these SR waves because you thought that this volatile stonk didn't follow fibonacci... don't worry, this ride is far from over.
Institutional traders will continue to have a field day and take every penny they can from the retail traders as they incite fear and hope. There will be no "short squeeze" only a long schlong for your margined bank roll to get caught on the dirty side.
I don't care which way this goes... as long as I am on the right side. Trading with institutions.
For now we are looking UP, to the next pivot. Happy trading!
$APRE next small cap pop!!!! From a technical standpoint we are looking pretty strong as we closed about the 9-day AND the 26-day moving average with high buying pressure whicks which is interesting
Now from a company perspective standpoint we are most likely to first get approval on, this would be like the most expensive drug I have EVER heard of! In other words MEGA MEGA profit potential for APRE. So basically this would make more money per patient than any other drug in the ENTIRE cancer industry.
It’s foolish to be bearishI’ll let the chart do the talking.
1. Wallstreet target of minimum 4.9+
2. Decent fundamentals
3. Short interest of +23%
4. Super strong uptrend
Fib and Exponential Floor Tracking $GMEFib retracement levels are matching perfectly with a price floor trend line drawn on the logarithmic chart. Intra-day Technical Analysis is voodoo at best on GME, but the daily chart shows undeniable patterns drawn over the longer term. My last prediction about Wyckoff accumulation was spot on, and I believe this Fibonacci circles also show GME's potential due to the myriad of factors surrounding the GameStop short squeeze. Volume has entirely dried up in comparison to earlier this year. High-frequency algorithmic trading of Rehypothecated shares, alongside retail "hodling" pressure show that "just up" is an accurate statement in regards to GME.
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
Is $BBIG primed for a bullish run to $15 or perhaps even $27?According to some analysts, Vinco Ventures (BBIG) is "In Midst Of Experiencing Multiple Squeezes, With Next Squeeze To $27.32 by September 22nd (Proxy Mailing Date) And More To Come In October."
But is that a realistic assertion based on real technical analysis?
Yes.
The stock has been one of the most explosive stocks over the last 3 weeks, rising from about $2 to over $12 at its recent high and our analysis yesterday pointed to a stock whose price action might reverse, and today we have further confirmation of that.
Realistically, can the stock price continue to trend higher?
Yes.
What are some realistic price target expectations if the shorts begin to get squeezed?
It appears $27 is very realistic target WITHOUT a short squeeze given all the fundamental changes to the company and upcoming catalyst activity .
IRNT: RUG PULL OR SQUEEZEIRNT: depending on where IRNT goes in the pre-market can determine which price action
This bearish looking wedge we have formed is on top of a critical support zone.
~If 35 breaks, we can see a dip all the way to 22. Why?
~There is a gap to fill on the down. ranges 21.30-24.50. All previous gaps have fill on the down except this one.
~If IRNT does release a share offering like some are predicting it will, price will inevitably go down and could be another reason for the dip.
~If 44.50 is broken, we could see price action to 55 and maybe even 60
~Note that during hours there were no call contracts past 60 bucks (interesting though may not matter)
~WSB has had huge rallies saying this stock will squeeze like there is no tomorrow. Be ready to go up and up if another squeeze occurs and don't forget to take profit when you wanna screenshot.
DOWN DOWN DOWN (support zones):
~Note that these zone may provide resistance to a rug pull. The italicized zones will give the most fight.
~35 - 37
~30.90 - 32.55
~29.25 - 30.21
~27.20 - 28
Doge Short Cover to .36Looks like short coverage was initiated to me. i see a trend reforming around the .36 mark
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 Gamestop higher than expected net loss Yesterday i saw two times more puts than calls on the options chain for GME.
Gamestop reported adjusted net loss of 76 cents a share and net sales of $1.18 billion.
The analysts consensus called for an adjusted net loss of 67 cents a share and sales of $1.12 billion.
Let`s wait for a pullback to the key support levels then.
Gamma squeeze setup for VIH, ready to burstOptions chain is setup, short interest currently at 40% (Fintel)
You could also wait for breakout confirmation, but this will minimize gains a bit.
Besides, no standard price action in these types of situations.
There's an inefficiency in price action at 17.00 to 17.20, this should get filled at some point.
So main target is 17.20, but leave a runner as option chain for Oktober is starting to build up to 17.50 as well
Options data for 17 Sept from yahoo finance:
12.5: 50k volume, 12k open interest
15: 16k volume
Thoughts?
AMC breakout rejected, trading in down channel... for nowSo AMC looks like it has failed to break out of its down-channel, I hope to pick up AMC around $23 before it gets squeezed into a symmetrical triangle from the trend line going back to the sym formation at the start of this year, which led to the parabolic move up to $73.
I think we need to complete this triangle pattern before another parabolic move up, we have a few converging signals here:
- Meeting the 200 day MA which is skipping along the trendline nicely
- November 8's earning call which will hopefully give us some good news regarding BTC acceptance in theaters.
- And hopefully the end of all the Covid lockdowns, and theaters back open.
I included a bar pattern of the last move up here, with a fib retracement from its correction. If we hit that 3.618 fib up there at $541 it will be party time baby!
So long-term bullish here, although I hope the masses demonstrate diamond hands through the shakeout!
NOT FINANCIAL ADVICE - You should commit the time to do your own research before investing in anything!