Wallstreetbets
Head and Shoulders 1000R Neckline Broken on 1000r chart.
Target price for head and shoulders is Height of the head to neckline x 2 = Target Price.
Set Stop loss accordingly
Why $Koss Stock spiked up Yesterday?Why Koss Stock spiked up Yesterday
The "Reddit Rally" is back for a second act, and a lot of the same stocks that blasted off early in the month are going along for the ride once again.
While GameStop soaked up much of the attention in early February after a group of investors on the Reddit board WallStreetBets sparked a short-term rally, Koss was actually the better performer. Its shares jumped 1,800% in a single week, and peaked at 3,715% higher.
Koss has been around for a half-century, and its headphones at one time were state of the art. But the company had fallen on hard times of late, trading below $2 per share as recently as last year.
While GameStop soaked up much of the attention in early February after a group of investors on the Reddit board WallStreetBets sparked a short-term rally, Koss was actually the better performer. Its shares jumped 1,800% in a single week, and peaked at 3,715% higher.
Koss has been around for a half-century, and its headphones at one time were state of the art. But the company had fallen on hard times of late, trading below $2 per share as recently as last year.
www.fool.com
Buying more XRP around .31 centsI see XRP dropping to at least .31 cents before shooting back up. The reason being is that the hourly D extension hits .31 cents. On the daily time frame, XRP is still extremely bullish. If you've been waiting for a time to buy more XRP then at .31 cents will be a great time to do so. I'm in it for the long haul so I will dollar cost average if I see lower prices occur as well. Happy trading!
Cup and handle?Can not confirm cup and handle, at least for now I do not see it, cup and handle requires 2 top peaks at ~almost same level. But I still bullish on it, we might run up to 20-30, then take break for some time and then we will see if we are strong enough to continue movement to 40-80. That "take a break" actually might be handle of cup if we reach 20 first.
$GME $250 Enter With A Game PlanGameStop is back from the ashes. For how long this time? We do not know. But one thing for sure is - You need to have a game plan tomorrow.
Back in January, we saw how $GME can bring emotionally-prepared people who know what they are doing to the literal moon. But we also saw how people who FOMO in their life savings blindly and emotionally without a plan had to call suicide hotlines during the aftermath.
No doubt, tomorrow will likely be a bloody battlefield that can either bring you lots of tendies if played right, but it can also financially ruin you if you YOLO in all your money without a game plan and your paper hand $GME once it goes in a direction that you weren't expecting.
So, ask yourself,
What risk do you see tomorrow? What are the possible scenarios that you see playing out? What are your plans to deal with them?
Do you see high risk of $GME suspending? Huge downside risk? High spreads? How much are you planning to risk? How much are you okay with losing?
Do you have a profit target? Are you planning to trade actively or diamond hand it?
Measure both the upside potential and the downside potential. Have a bear case and bull case in your mind, and create a plan for them.
But most importantly, do you like the stock?
TLDR; Have a plan, stick to it, and be prepared emotionally and financially.
My target is $250.00 with a strict 1:1 R/R depending on where I enter. Please set SL based on your own risk tolerance.
This is not investment advice so please do your own due diligence!
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USDCHF - POTENTIAL SHORTPrice has revisited the strong resistance trendline on the daily time frame and has rejected it, entered an impulse sell as the price started to sell off, sold early without a retest only because the price may not retest this trend line or zone again. Remember to set the SL to BE when partial profits are booked at TP #1 and TP #2.
Not a trade signal.
[STOCKS] The Technicals Behind Gamestop (GME) #2Hello everyone,
this is an update of my previous GME idea (linked below). Let me tell you, we rocked this trade. With an entry at $15 and another entry at $40 a few days ago, i'm already in profit and sold my position yesterday at $150.
Nonetheless, we will most likely see the price pushing aggressively beyond this price level. We have a lot of attention, momentum and buying power.
This is not a short-squeeze - this is a simple herd of investors feeling attracted to one stock.
Please be careful!
Why $REI oil meme reddit stock skyrocketed?A Texas oil company that’s been the subject of social media speculation in recent weeks is seeing an explosion in trading of out-of-the-money call options, indicating retail traders are betting on another big jump in the shares.
Ring Energy Inc. is an industry minnow, selling an average of almost 9,500 barrels of oil in the third quarter. It shares have doubled in less than two weeks.
The frenzy is latest example of “meme” stocks attracting the interest of retail traders. The company has featured recently in numerous discussion threads on Reddit. Ring is also under pressure from its largest shareholder, energy investor Simon Kukes, to make changes. Ring didn’t immediately respond to a request for comment.
finance.yahoo.com
And here goes craziness again!Just checked WallStreetBets and they are striking again. I want to make a few points.
• Before opening a position, it is good to have an exit strategy.
• Successful market concepts are often built upon the recognition of institutional accumulation and positioning oneself before it is over.
• Market doesn't care about one's ideology or the news (unless it is unpredicted). Is it wise and worth to wage ideological wars here?
• Ultimately, even if the message is sent, the hedge funds will get their bailout anyway, so it is impossible to defeat them like this.
Good luck to the people involved. I don't think it is meaningful, it is the people who lose money. But I agree it was hilarious to see the US Congress asking Robinhood CEO if they can just give the institutions their money back... Their understanding of markets in some cases was -- quite lacking in to put it bluntly.
I expect the market to go no further than $200 where the major candle's body is.
GameStop gained 100% today and was up another 100% after hoursThere is a lot less short interest this time so don't expect this to last as long as the last frenzy.
1) WallStreetBets is back at it with Gamestop. Keep in mind they are a self-described very high risk community.
2) It will be very hard to enter and keep a position if you are not used to holding a very volatile stock.
3) There is an increase risk of loss. Stops need to be loose to stay in the trade so control position size to reduce possible loss.
4) If you tried to enter in the previous frenzy and lost money, now is a good opportunity to recoup some of the losses.
$GME CFO is resigning, effective next month.GameStop’s Board Pushed CFO Out to Speed Up Strategic Shift
GameStop said Chief Financial Officer Jim Bell is resigning, effective next month.
The board and management pushed Bell out to make way for a new finance chief who shares their vision of transforming GameStop from a brick-and-mortar retailer into an e-commerce company, according to a person with knowledge of the situation who asked not to be identified. Bell didn’t respond to a request for comment.
An executive search firm has been engaged to find a finance chief with “the capabilities and qualifications to help accelerate GameStop’s transformation,” the company said Tuesday.
The Grapevine, Texas-based retailer is undertaking a strategic review, largely the result of pressure from board member Ryan Cohen, who bought about 13% of the shares and became the company’s largest individual investor. The former head of pet-supply provider Chewy has pushed GameStop to become a more direct competitor to Amazon.com Inc. He won three seats on the company’s board earlier this year.
“Mr. Bell’s resignation was not because of any disagreement with the company on any matter relating to the company’s operations, policies or practices, including accounting principles and practices,” the company said in a filing. The company declined to comment.
$AMC can reopen theaters at limited capacity (25%) next monthjumped Monday after Gov. Andrew Cuomo said cinemas in New York City can reopen at limited capacity (25%) next month.
Masks and assigned seating will be required, Cuomo said, and movie theaters will need to follow the state ventilation standards.
New York is reporting a 13% decline in new COVID-19 cases with a weekly average of 7,400, CNBC reported.
Movie theaters were among the many businesses forced to close their doors at the outset of the pandemic in an effort to curb the spread of the coronavirus
As of November, AMC said it had resumed operations at 530 of its 600 U.S. theaters, with limited seating capacities of between 20% and 40%.
AMC is still one of the volume leaders in the stock market, as retail investors continue to reiterate "they like the stock" as it was a top-five volume leader Monday.
In October, AMC had warned that it could run out of cash by year's end or early next year as it struggles through the coronavirus pandemic. But in late January, the company raised $917 million in debt and equity and its CEO said that bankruptcy is “off the table.”
www.thestreet.com
$GNUS Higher lows PRICE... Lower Lows RSI... Bullish DIVSAdded more $8 April 16th calls this AM.. prepare to SNED.
AMC Entertainment AMC - Believe it or not - Good Buy at $2 -$5 ?AMC Entertainment - AMC - Believe it or not - As controversial as it may be, AMC is a good Buy between $2 - $5 for long term investors. The run that was seen with the WallStreetBets value buy can be seen again as AMC theaters reopen. So far, AMC has been accumulating with support around $5. Over time the stock may go up 4X or 5X. Patience is key. The company has other financial issues to overcome but Social Media may trump fundamentals. This is not financial advice.
Why $AVGR skyrocketed in 2021?Avinger (NASDAQ:AVGR) is seeing a massive boost to its stock on Friday after being listed as a hot penny stock to buy on Robinhood.
The recent interest in AVGR stock comes after PennyStock.com published an article about its top penny stock picks for January 2021. Avinger takes the top spot on that list with a price target of $1, which represents a 53% premium to its closing price on Thursday.
Avinger launched Tigereye in a limited release in the U.S. and Germany in the fourth quarter of 2020.
The company is planning to expand its release of the medical device in the U.S. in the first quarter of 2021.
This will have it reaching a full commercial distribution of Tigereye during this period with a national launch taking place this month.
finance.yahoo.com
Why $DOGZ Skyrocketed YesterdayWhy $DOGZ Skyrocketed Yesterday
There does not appear to be any direct news from the company. But it seems like that there was some coordination by day traders on social media.
$DOGZ shares were buoyed — thanks to discussions and speculation on Twitter and Twitter hashtags at the start of the month..
AMCBullish divergence at support. I also think many are looking for a bounce over at WSB. Also watch out for market crash on Monday(im calling it).
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