Shortsqueeze
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!
AMC Wed Update: RetraceSo yesterday we saw a close breakout on the Technical Analysis. Unfortunately did not play to plan.
What I do believe though is that we could see a bounce off of the 41.98 resistance line OR the Neckline to the M pattern seen on Monday (Blue Dotted line). With the direction going lower, let's remember that we are more than likely re tracing to a previous resistance forming a new higher low and to continue. Not entirely DOWN trending to new lower numbers.
I believe we haven't changed directions and are still retracing. But, based off the T.A., does anyone else think we are near the bottom of the retracement, or Consolidating in a range (If we were to I'd say consolidation in the range of 48.12 and 41.98)
Retracements are very important and if seen and understood properly, They can be a great buy signal at the bottom of the retrace as-well. Wheres the bottom? MACD
My Thoughts are a bottom near the 41.98 and a green week next week.
Happy Trading everyone and remember... don't sell w/ Hedge funds!! The shares you sell ARE the shares they use to short. The less shares they have the better it is for us!
Side Note: I don't want to hype anyone up, but I truly think we could see the squeeze starting this new beautiful month of September.
AMC Pattern Update for the week and maybe even nextQuick little update for this week.
Wednesday morning should be good.
In the case we don't go back down to the downside. We should see a re-test of 46.88 and a bounce to the upside off that. In the case we do go below the resistance (46.88) to the downside, The bottom to that trend should be in the range of 46.08 to 45.31.
IF we drop below resistance, what I believe we could see happening is a lot of volatility and consolidation for the week and into the next week as-well.
Side Note: Im still very bullish for the week and even next week but once we hit price targets referenced in my first AMC post linked below. We will see red days in a reteracement towards previous resistances which will be posted here once we get there.
We are doing absolutely amazing everyone.
Happy trading and remember, don't sell w/ the Hedge funds!!!
Edit: The green dotted line is the resistance at 46.88. Referenced because that's the re-test line mentioned above.
$ROOTRetail investing subreddit r/WallStreetBets has spun the short-squeeze-stock wheel this morning and it appears the arrow is landing on ROOT.
The company is exploding on the subreddit in terms of comments, and the stock is moving in massive quantities. Some are making their exit as ROOT stock sees a boom and bust this morning, whereas others are buying in and predicting a squeeze that will boost their long positions.
If you don’t know already ROOT is a car insurance company with an innovative model. It insures only good drivers.
Users must download a location-tracking app to leave on when they drive during a test period.
Users deemed by the app to be a good driver are offered a competitive insurance premium through the company.
The result is that the company only insures drivers who are typically much safer. This allows ROOT to offer lower premiums than other insurers who must account for more dangerous clients.
ROOT stock is one of the more heavily shorted by Wall Street institutions; about 19.5% of ROOT’s float is being sold short. The r/WallStreetBets crowd has been recently pouring into the stock as a result.
When we look at the technical side of things ROOT seems to be sitting in a huge falling wedge on the daily chart since going public.
This could give a good opportunity if we break above resistance.
I suggest keep things on your watchlist as we come towards the end of the falling wedge.
Watchlist activated!
- Factor Four
Short Term AMC Update: Are we Breaking 50 this week?Short term price movement should give us a test at 46.79 and then a break out to 53.76. Then, Retrace + Consolidation to 52.12. Finally, we wait and see what the chart tells us what the following moves could be.
Side Note: Still believing in the long term approach to my AMC Prediction.
This post is a day to day break down on the 30 min.
Short Term AMC Update: Are we breaking 50.00 this week?Short term price movement should give us a test at 46.79 and then a break out to 53.76. Then, Retrace + Consolidation to 52.12. Finally, we wait and see what the chart tells us what the following moves could be.
Side Note: Still believing in the long term approach to my AMC Prediction.
This post is a day to day break down on the 30 min.