Shortsqueeze
GME Gamestop Strong Support AreaGME Gamestop lost some traction on WSB recently, which made me think about a possible retracement to a support level that i might considering reentering this stock.
And that support is around the 130usd area!
I am looking forward to read your opinion on where GME Gamestop is heading now!
AMC Entertainment retracement levels for a possible bounceOn the chart you can visualize better the 2 Fibonacci retracement levels from where we can see a potential bounce up and the strong support in the 16usd range.
All retracement have also the price targets on that arrows heading up after reaching the various support levels.
NAKD Naked Brand Price TargetNow you can buy NAKD Naked Brand now cheaper than the institutions that made $100 Million Private Placement at the price of $0.93 per share.
My price target is 1.2usd, with a potential to go to 2.5usd.
$SNDL 1000%+ GAINS COMING UP! -first pennant pattern we got 120% returns on the $1 calls
-now we are squeezing even harder
-Good thing to notice is that the bearish cloud is starting to get thin (weak) so now were more susceptible to reverse
- SHORT FLOAT at 13.7% which is super high allowing it to form a short squeeze
-Also we broke the downtrend on the daily so we should start to see this pick up soon
- beware of a false breakout it can go both ways
-wait for volume to pull in
AMC: Two Bullish ScenariosHello Traders and Investors,
A lot of people are hype about AMC. Taking a quick glance at AMC, I noticed a very nice setup happening and it intrigues me a lot. There are two bull trades coming up; indicated with blue and green lines. I am waiting for a breakout to happen to take the trade.
I do have a small long term position on AMC as I think it will get to $220 eventually once the squeeze happens. But in the mean time, there are a lot of trades to be taken in a volatile stock when the opportunity present itself.
Check out my long term post on AMC and why $220 is my target.
Let me know what you think.
$EEENF Same Potential as $HMBL DD Below LT PT: .50-$1.50$EEENF since April: Now owns 100% of Peregrine
Extinguished all their debt
$COP in their investor meeting mentioned the surrounding oil fields which include 3BBOE
Getting closer to additional core sampling results
Ex-CEO David Wall doubled his position from 120,000,000 commons to 240,000,000 common shares
Top 20 Shareholders (Institutional Ownership) went from 36% to 64% of the total O/S 8,000,000,000 Shares locked up for much much higher. O/S 12.5 Bil
88energy.com
WALL (DAVID JAMES) Managing Director (Old CEO)
Bought
Jan 10, 2021
120,038,015 (Now 240,000,000)
EVANS (MICHAEL JOHN) Director
Bought
Jan 10, 2021
32,457,145
STALEY (GEORGE HENRY STEPHEN) Director
Bought
Jan 10, 2021
12,808,334
Furthermore, look at insider transaction they bought last two years. Some exercise of option high as .20 cents per shares. None of the shares they bought in the recent and the past two year has sold on the open market because their isn't a filings indicated they sold. Keep in mind 88 Energy NOT a Stinky-Pinky hidden on the attorney letter at octmarket.com. Company report on the audited and review of the annual and half-year financial report, and register with the SEC.
ca.finance.yahoo.com
The Intelligent Investor believe if a number of insiders purchase more shares of a company, they may believe that the company will have strong future earnings and that the share price will increase in the near future. Let's not forget just recently director Exercise of option 500k .055 higher than the open market below .02 cent. If that isn't enough then checkout Elko crew drilling bought 360 million shares from 88 Energy.
ca.finance.yahoo.com
Debt Free: clients3.weblink.com.au
Very reputable and high end banks have been increasing their positions in the company: twitter.com
Overall PT by EOY around .50 maybe $1.50 by February of next year.
$HMBL was at $1.50 with a 4.5 Bil O/S before the R/S and this has more potential.
CVM; A brief breakdown and review of the crazy weekDisclaimer
Not financial advice, I literally wrote that gold is worthless if everyone just decides it to be so.
However, I put some effort into showing what I see what I look at the action. Everything is in the picture. TradingView fix your shit so I could have done this better.
Never think the shorts have to cover, Freddie Mac and Fannie Mae are proof of that, so if you enter into a fight, always be prepared to lose it.
Sometimes the most striking pattern is the one that shouldn't be there.
Who's Selling?Yesterday the long waited break of the so called uptrend was finally broken, but then unexpected things happened LOL :)
Let's review the situation:
1- We are still in the sideways trading range
2- We are still in the descending triangle
3- Yesterdays short sellers are now being FOMO'ed in to buying back with a short squeeze.
4- The uptrend is broken AND confirmed with the daily close
I believe the saying: "If i can see it, then everone can see it". We all saw the uptrend right? So did the Composite Man (CM) and the market makers.
Let's remember the job of the market maker: provide liquidity.
They look for the liquidation areas and drive the price right to that point until liquidation happens. So, where was the liquidation area when the uptrend broke yesterday? Right back in the uptrend, where it started right? Where's the price going now?
CM started buying at the support level (who did not do it on 21st & 25th), just enough to stop the trend. The rest is FOMO, thanks to retail traders. Now, short sellers of yesterday are getting squeezed and forced to buy back.
The question is who is selling back to them?
My bullish case stands;
1- Break the triangle
2- Break $37k
3- Break $41k
Until then, i'm watching in peace.
WKHS long for me!It's getting up from the bullish flag. Slightly climbing up on the support curve. Also there is a huge volume support level on ~16$ (horizontal line)
Huuuuge gap to be filled (till levels of 30$)
Very bullish on long term.
The volume is increasing in buying!
Very good fundamentals (free of debt, cash in the bank, contracts with UPS and Ryder)
More than 50% of volume is shorted. More than 30% of shares are shorted.
Yesterday shorts were lowered by 7% in a day! And free float stayed almost the same!
Only 115million shares in total!
For me it sounds like a short squeeze :O
I'm going in!
AMC: $220 Price Tag If Squeeze HappensHello Traders and Investors,
This is my long term view on AMC and where I think price will reach if the squeeze happens. Similar to Bitcoin and GME, when both assets reached the 1.618 fib extension they both had a steep drawdown and never went above it even as of today.
Using the same strategy to pinpoint potential targets. I believe $220 is a great price target to take major profits off the market if it is reached. It is best to have a target set, that way when the action happens, you are ready to take action based on predetermined conditions and not on pure emotions.
Let me know what you think.
GME MOASS SHORT SQUEEZE INCOMINGPlease note i am not a licensed advisor. I study charts with my free time. Im sorry but there is no other way to say it except GME ROCKET INCOMING.
This may be the last couple weeks give or take to get GME at a significantly low price. I myself will be buying.
I hope you all have a blessed weekend!
$AMC Priming for a Boom or Bust? AMC forming a nice bull flag on the 1D chart that I have been watching for a while. RSI on a 1D chart looking bullish IMO with an upward trend in RSI since January of this year. MACD Divergence and consolidation occurring on a 4HR chart, also giving me confidence of a significant move incoming. ADX & DI contractions are healthy signs especially considering we have respected the range of the bull flag with healthy consolidation. Assuming the bottom trendline of the pennant holds, as well as staying in bound with respective moving averages, looks like a pop or drop scenario, but I am definitely leaning towards the pop side, given the technicals. Reminds me of the GME consolidation phase after the pop to 485.
Few ways to play this depending on your risk tolerance, strangles would be nice plays if youre just looking for the volatility. Maybe vertical spreads if you want to take a conservative call option position. I am personally taking the bull side with near the money calls with the most gamma exposure which would be $60 strike calls. GLTA
NASDAQ: WISH - Moving averages on a course to POP price higherBulls are looking for prices to bounce off the rising 10 day EMA while Bears are hoping to push prices lower. There are several technical and fundamental indicators which point to higher prices ahead, but first, this issue must be resolved during trading on Wednesday June 30, 2021.
Predictive Price Movement Scenario for NASDAQ:WISH w/o SqueezeUsing a BARS PATTERN approach we have came up with a price movement scenario based on past behaviors and double checked against trendlines and support resistance to come up with this PREDICTION (blue bars) of price movement for $WISH.
This predictive model does not account for any potential SHORT SQUEEZE or GAMMA SQUEEZE which other experts in FINTWIT are predicting for the coming days ahead. This model shows what is likely to occur WITHOUT the pressure of a squeeze.
Smile Direct ClubSmile Direct Club is a heavily shorted stock and in the top 15 highest shorted stocks in the market. (highshortinterest.com)
It's safe to scale in near the blue trend line with a high risk/reward ratio. Fib 0.618 will act as next resistance and with momentum 0.786 max. since the avg squeeze is 55-60%, so take profits accordingly, instead of hoping for more. Going long SDC is also a good choice IMO, since it's expanding worldwide and the products have a a customer satisfaction ratio as well. If we close above the blue uptrend line on the weekly with a full candle, it's entering a new phase, which is more bullish and would probably scare away the shorts. Until then SDC needs to proof the market they are a key player in changing the way orthodontia works by offering full treatment of oral care with value for money.
Tuesday is the day? - Looks like a new breakout is immanent. Very promising to see a green day after moving to the Russell 1000, normally stocks drop as has been repeatedly by MSM for the past 2-3 weeks.
Large violation of the June 10th downtrend, closed lower but tomorrow it opens above the downtrend.
A further sign of a large uptrend is a sustained push over 230 and especially a close over 230.
Russell monitoring's EFT's starting to load up before July 14th NFT?
Good luck and hang in there.
$WKHS - Bullish Setup with Huge Accumulation VolumeWKHS is one of the most shorted stocks on the market right now, having rough 40% of it's float sold short.
Currently the technical chart looks amazing, with a bull flag being setup on top of huge accumulation volume. The dip was clearly bought, and now we've got a textbook bull flag with a huge gap left around $30 mark. If we breakout there's an extremely good chance we start running. We may may encounter resistance or bounce around 18.60, but above that it's clear skies until we fill the gap.
If we're lucky we may get a front row seat to a potential squeeze as well, due to the high short interest on the stock (not that it isn't justified). We've seen countless meme stocks and stocks with high short interest start running these past few weeks so I wouldn't be surprised to see WKHS follow suit once people catch wind of it.
All in all, we've got a relatively safe trade here. I'll likely enter a monthly position come Monday with a stop set around the 13.60 level. Happy trading!
AMC's Bullish Pennant Breakout ScenarioAMC has been consolidating for more than 3 weeks now.. we've found major support at the $50 level and continue to ride the waves. It is only a matter of time before this pennant breaks out. This isn't over just yet, we are priming up for something big very very soon.. and it always happen when we least expect it.