GME is extremely bearish. Argument for the reversal trade While shorts are exiting their positions and calling a selloff, previously $200 was a sticking point and I think you can expect that to continue, as retail investors around America wake up today and start buying in to GME at the attractive price it's now sitting at.
I expected less of a dip but the short interest dropping to 50% has had a significant effect, as has the rise of AMC today in comparison. If we see AMC get shorted, expect GME to move in countertrend as investors flock back to GME for their "store of value" bet against institutions.
Squeeze
Binary outcomes...just hold.When faced with binary outcomes then bet small and just hold.
Downside is easy to understand...won't be zero, and upside potentially large.
Even if the stock meanders sideways waiting for more re-structure news and earnings coming up...or the squeeze....it's a nice bet.
Ps..never short a dull market!!
AMC ... Buy a lotto ticket!If you can lose comfortably buying a lotto ticket then go long a small stake.
Earnings coming up!!
Its going to be binary....
And..so..like a lotto just put a few bucks in the game..payoff either squeeze that's not sqoze or a growth stock with a re-opening economy...its not bad risk reward 😃
2nd Squeeze on $GME future Elliot Wave price action Please see the 2nd squeeze price action illustrated in Elliot Wave
We do consider we are already at the beginning of 3d wave which should land us at 1.618 fib extension
2nd wave was confirmed by 0.618 fib retracement.
The previous Squeeze was confirmed by Elliot Wave where 3d wave was extended and 5 waves landed on 0.618 of 1+3 waves. Amazing price action
CLOV Squeeze SetupWe have a descending wedge squeezing into a point, strong Friday AH volume, Oversold RSI popping out of the downward trend, MACD turning positive, price sitting on the original investment price for the IPOC spac, large short interest, earnings on Monday and the Clover Assistant technology showcase Tuesday. If there was ever a recipe for a short squeeze, this is it.
1st Target the 38.2% fib retracement around $12.50.
AMC spike and eventual GAMMA SQUEEZEMy first chart on the program and by all means no expert at trading, so bear with me. I see some recent trends here with AMC that I can't help but entertain some similarities to AMC's first spike. We all know trading was restricted and ultimately killed a lot of the hype around AMC stock among others (RIP $NOK) to keep everyone from buying in. People were selling other stock to just get in, all to be let down with losses AyyTmo. Not this time, This next round of spikes and ultimate gamma squeeze can't be stopped!
As you can see here, we just hit the latest resistance level, from the previous support level post restricted trading. I see that as if we wouldn't have restricted trading, that trend would have continued on 1/27 where we would have seen the continuous rise ultimately to the moon. That be in the short spikes continuously testing the support and resistance levels as folks buy in and out ultimately rising of the price. Since that did not happen, I think it's happening again. With all the shorts and squeezes happening to ultimately drive up the price as well, I see this as trading platforms not being able to stop history because the market dictates what it dictates.
My first chart I made, definitely more to learn but you can see where we can draw and informed guess on what might happen next and let's cash in $AMC and send $DOGE to the moon as well! Happy Trading!
SOLO Falling Wedge Setup (Short-Term)SOLO looks like a great setup as long as we can break through 8.2 then we can see short term upside to 8.75 then 9.22. It could see 10 as well! I'm entering calls 1 month out. Going to add dips from 7.8 to 7.5 (full position)
ITP has three year resistance in sightThis is the weekly view of ITP. With a float of less than 25 million shares, and around 25% of them short, this chart looks primed for a short squeeze. Today, volume was about 5x the recent average, and was close to double the overall float. Based on the weekly chart, the next level of significant resistance is around $1.50/share. The stock closed at the highs of the day, and after hours it's up even further. If ITP can continue through $1.50 tomorrow, the next area of major resistance is around $2.00, suggesting a potential 30-40% upside from here.
$NAKD Curling on the 1HR Speculative Play (possible Parabolic)After January 27th Momentum gain into $3.50s area we seen a heave pull back down below $1.50s. the markets has given time to squeeze out the day traders and i think it's a good time to put on a Swing Play now that we are giving way to a squeeze. holding that 50 EMA. if it breaks past $1.00 i would stop out of this trade. but the R:R is about 1:3 on this play into back into $3.50s with a chance of this going Parabolic all the way into $10+ as we've seen with most of these non-catalyst stocks lately if the Volume increases intra-day.
SNDL Long curl on the 1HRAfter last weeks rug pull we are seeing the stock have a slow squeeze back into the upside with a 16% short float. i'm still long bias on this stock as we are holding the 1.23 major Resistance. looking to take this up into $7.98-8.00 territory for a swing trade over the next few weeks but also looking for this to go long for the rest of the year into $20+
Very undervalued, in pension funds portfolioThe Rockbridge fund heavily shorts it. Here is a register of only the large (above 0.2 %) shorts sold by Polish stock exchange (the one which starts from G):
rss.knf.gov.pl/RssOuterView/
These are just shorts sold by Warsaw Stock Exchange. Below numbers assume that only these exist, which is not true. You have individual shorts, institutional shorts below 0.2%, you have shorts from every other broker. It exists since 1949 and is going to take part in Polish green energy transformation. One of its key products is gas systems. Minor shareholders of the company are Polish pension funds and largest polish bank. You can check here:
biznesradar.pl/akcjonariat/RAFAKO
Polish Stock Exchange sells 8-month positions. Current shorts started 15th Jan 2021. Average 10 day volume is 1.128M shares which means $338.4k. Total shares outstanding is 127M shares, so every 1% of the capital shorted is 1.27M, which gives 1.27/1.128 x 10 = 11 days to cover per percent. So for 10% its 110 days to cover.
THE EPIC SILVER SQUEEZE OF CRYPTO I hope everyone is doing amazing I wanted to share this perfect and beautiful chart.
A little about my self I have been trading crypto and don't enjoy publicity but I do love charts and what we have today is an amazing HUGE! BULL FLAG!
Not only is it a bull flag it's a bill flag with a double bottom reversal with a limited supply of beautiful SILVER MOON BALLS!
With everything on this chart SCREAMING to of an Epic Bull run that will surely be recorded in Crypto History.
I have been a fan of LiteCoin for many reasons and let me tell you that this with only 84 million coins ....... Dropping the Mic...
Enjoy
$FUBO long$FUBO has a 75% short float meaning a major short squeeze can occur. A clean break over 50 and my price target is 52.50, 55.00, then 57.50. Fubo is also forming a cup and handle and is now sitting within a symmetrical triangle waiting to breakout. Also, a decline in volume confirming bullish consolidation.
Altcoin Season - Daily Squeeze + Monthly SqueezeAs I have been covering for quite sometime the altcoin market is experiencing a strong move higher, with a powerful monthly squeeze carrying the market higher, it appears that the altcoins are set to get a further tailwind with the presence of a daily squeeze within the firing monthly squeeze.
Daily Squeeze
It is worth mentioning that a daily squeeze within a firing squeeze of higher timeframe is typically a strong continuation pattern, further lending credence to the idea of a period of ETH outperformance to BTC
Monthly Squeeze
The broad outlook of the altcoin market
The altcoin market is completing the FIRST stage of a breakout phase in the market, which is a retest of prior highs, I believe that this is NOT the final move, I believe that this is similar to the period in late 2015/ early 2016 when the alt market started to gain traction.
In other words I see tremendous upside for investors who are able to position themselves PRIOR to the true breakout, as a result I would recommend that investors lookout for opportunities to add to positions, as a brief ease is possible (albeit less likely with ETH breaking to new ATHs).
-TradingEdge
Gamestop Endgame - Think Aboutif u are a gamestop holder this post is for you. i, the great coinholio, shorted gamestonk last year, buying puts at $1.5 June 2021 for $0.40. i recently sold these puts for the same price, due to hedge fund retards broken IV algos lol. turns out a $300 dropping to $150 makes bots do some crazy options buys... my other position has been a long on the gamecock since $100 and sell at $255 (50%) and $110 (50%). i am all out of gamestock and do not plan to buy back in due to the risk.
if you are still holding, you probably look at wall street bets on reddit and see all these kinds of posts about "short ladder attacks" and "hodl". the truth is, hodl isn't always the right choice. in march 2019, btc hodl was the wrong choice, clearly evident by the halving and the looming toll of corona.
what u have to understand as a trader is that not everyone can make money on these plays. wall street bets wants you to think that this is "regular joe" vs "hedge funds", but cmon, lets get real... these have been hedge funds vs hegde funds 80% of the time. they aren't on the same side, they are always competing against each other and cannabalizing each other, and they have a lot more capital.
lets look at some of my opinions on what really happened
gamefomo retards will point out short interest percentages, and how its over 100%, the will adjust the numbers and calculations and do all this fancy cope, which you will believe because it sounds legit, but let me ask you this: what evidence do you have that these hedge funds didn't just close their shorts earlier and re-short at $400, causing the short interest to stay at the same %? in fact, isn't that what the ideal adversary would do? make you believe that the short interest % is the same place where it would be?
silver? of course nobody is buying silver, but wsb copers want you to believe that these hedge funds are the ones paying for "disinformation campaigns" against "wsb". keep in mine--it is unlikely retail traders are what is moving this market, i think that the primary movers are other hedge funds. they have more capital, are smarter than us, and make use of hft. understand your adversary, and know that in order to win, you must beat the next guy by out running the bear. you will never beat them--it is their job to do this nerd shit bro.
now back to this $400 dollar shorts theory i have. there were a lot of $800 calls that were boughtted a day ago, what was the purpose of this large volume of calls? i tell us my thinks about it: me thinks that these were the same short hedge funds covering for the small probability that wsb can actually drive the shares up past $800. let me tell you what this means: retard hedge funds re-shorted, they are very confident this is the end of the squeeze, but they is not 100% sure, so they put some money in options to cushion the blow in case they are wrong. this is normal action, and not indicative that there is a move upwards again.
the one final thing i want u to think about as a pro trader: imagine you are omniscient god, and know the direction of every stock in teh worl. you are a trillionare, and u are drinking marmalade in trader gandy heaven. you use your powers to know you are at the pivot at the gamestop squeeze, and then you log in to wsb... what kind of posts do you see?
do you see
a: people telling you that the squeeze is done and you should sell (lmao)
or
b: people telling you to keep holding
answer: of course retard, they tell you to keep holding so you can sell. this is a hamster circus, first in first out, last man standing eats the biscuit. gamestop might go to $5000, but the odds are that you will be the one to sell at that price are zero. short ladder attacks dont exist. melvion is out. the endgame is you either selling or getting rekt.
jk, just hold bro, tee-hee! diamond hams!
XL: Ready to go (short float 72%)An EV play with 72% short float. ready for a breakout.
Traded yesterday above its avg volume.
We need to see more Volume to confirm the breakout.