$GME Symmetrical Triangle and Pennant continuation pattern TradeCheck this out. Huge potential for big gains. Symmetrical Triangle with a Pennant continuation pattern inside. Pennants break to the side that created it. In $GME's case - to the upside we go.
*This is not financial advice, please contact your local HF (Hedge Fund) for that. Please do your own DD (due diligence) before assuming risk.
Squeeze
GME Symmetrical Triangle Pattern Regardless of GME being a meme stock, we are seeing a solid symmetrical pattern on the daily chart. Relative volume confirms a squeeze in GME, it trading only 11% of volume last trading day compared to its average.
For entry, wait on rel vol to increase (Would like to see ~1.20), a bounce off support ~150.00, and Breakout on volume (Bottom of chart).
First Target: 195.00
Second Target: 264.00
Stop Loss: 130.00
Anxious to see this ticker moon once again.
Was GME predictable? Enter to find outThe chart is self-explanatory.
I'm attaching down evidence that shows that the pattern repeats itself.
You are welcome to go search for the same pattern in different stocks and attach their picture in the comments below, making this idea more complete.
The logic of this pattern:
You look for a trend-down stock. You plot the VWAP.
Someone is shorting the stock, massively, but that someone, doesn't think that for every short he sold, he needs a person to buy from (he needs another person to sell the stock to him so he could get out).
The red VWAP is his short position line, the more he short, the harder it will be for him to get out. He shorted for months, and now he needs to exit this position in a matter of days. Short squeeze.
Now he needs to chase the sellers, buying whatever price they request, hence, the price goes up and a new up trend emerges. Consider buying options, if they look profitable. Or buy the stock, whatever your trading spaceship is...
Follow for more.
Here you can see the pattern repeats itself...
GME REVERSAL!!GameStop has a bullish doji on the daily, macd about to pinch soon, on the hourly there was a bullish hammer. My analysis on the reversal and the reasoning why I think so are the reasons I stated earlier. But another thing that caught my attention is the gap that it filled to the downside and then we close off today with a doji. Good sign! Also Ryan Cohen’s tweet today. Quite odd to be completely honest, odd in a good way. Only negative about this setup is volume ended lower today. Strong resistance at $200. Let’s take this to the moon and keep the actual company alive because I’m a gamer at heart and I’d miss this company, as I do miss blockbuster.
Ryan Cohen tweet link is down below
Cheers!
MREO 1D candle MERO:
A very, very interesting stock that jumped on the scanner (as a potential short squeeze stock)
Its data:
ID: (You can see a lots of insider and institutional deals)
finviz.com
Significant events in the near future (positive / negative catalysts):
finance.yahoo.com
Analyst Price Target on MREO :
www.tipranks.com
If we break the 4.79 we can see a violent upward movement, towards the gap
I would love to hear your opinion!
GME LONGGameStop has been holding up steady on the technicals. First price target is $200 and then $300 if we break above $338 resistance it can test the ATH and by then if ROBBING THE HOOD doesn’t stop trading sky’s the limit. GME shorts really want to hit the jackpot by wanting it to go bankrupt. Too bad new GME management is going to pay off their debt. Papa Cohen will succeed sorry shorts. Anyways I’m not a financial advisor. GME to the heavens 📈
Gold headed to 1900 in near-term, 2630 in mid-termGold just made a new 2-month high that indicates the end of the bull flag that started last August. It appears likely to continue to the 1900 level over the next couple of months. Depending on geoeconomic factors it may stall there or simply continue a 100% move to the 2600 level. This is not financial advice.
Huge gain for CHZ incoming end of bullish flag !Chz has been a great crypto choice for the start of the year, but have received some slowdown since the start of march now its time for CHZ to continue his path and break the bullish flag. His next resistance his most likely 1.5 then ill do a new post to explain the situation. I highly doubt that it could go lower than 1.35 but I would suggest to put a stop loss at 1.3 just to be sure.Also the short squeeze has pretty much come to a end and let then the potential for a long squeeze right after !
The interesting case of NXPI.It is now 4 hours into the day and I have analyzed a grand total of 10 stocks. I am clearing a lot of clutter out of my head though. If they ever pass a law that keeps U.S. markets open over weekends... I would worry for a lot of people's sanity. Chiefly my own.
Can someone explain to me what a Gann is? And what you do with it? Or give me some leads at least?
Is GOGO finishing its pennant?Fifth count of the pennant at localized .786. This is a tight stop loss trade for me but I think there is huge reward. Close to 40% short intertest on this stock, so a leg up could cause a huge leap. It clearly is still in an uptrend so the pennant holds. I think it looks to be a 1-2 1-2 by the chart, so I am targeted 23 buy July. Stop-loss is around 9.25 for me personally
Squeeze Incoming; 2.5 dtc A comp of $T and $VZ's stock. Similar setups, with VZ blazing ahead. $T seems a day behind. You can never be confident when playing short-term moves, but you can see the squeeze indicator Ppppin off prior to VZs move and it's doing it for T now. The rotation favors it, and it looks like some shorts might not have closed fast enough.
www.marketbeat.com
It's enough to place a small bet upon. I'm not a squeeze-hunter, but when it seems to be happening it's good to take a small position.
CLVS Clovis Oncology has a chart that is peaking my curiosity.Everyone who has eye open is aware of the short situation in some form or another. CLVS has a short float of 41.88% and is headed into support formed by the previous Bullish Gap and Go. Curious if it will fill or support. Anyone have an option? Comment below!
IOSTUSDTWEEKLY
Price currently showing strong weekly bullish momentum since January 11th, after forming a high from the A-B impulse wave, before retracing to the 61.8% fibonacci level.
DAILY
After the weekly retracement to the 61.8% fibonacci levrel price began consolidating and formed a bullish flag pattern which began on the 5th of March until the 18th. Price finally broke resistance of the upper trend line and continue higher above the previous weekly high.
4HR
I have highlights onthe 4HR chart confluence between the weekly retracement and the daily retracement lining up with the 50% fibonacci retracement.
ENTRY
0.050000USDT
S.L
0.039255USDT
T.P
0.069662USDT
R:R
1:1.83