SDC SmileDirectClub at 52 week low!SDC reported a loss of 23 cents for Q3, wider than the year-ago loss of 11 cents.
Zacks Consensus Estimate was a loss of 15 cents.
52 Week Range 3.90 - 16.08
Do i need to mention that SDC is trending in the top 5 stocks of WallStreetBets?!
And that it has 10K calls this week?!
And that 32.74% is shorted?!
Looking forward to read your opinion.
My short term price target is 7usd.
Wallstreetbets
$WISH WHATS NEXT? TENDIES!! 🍗 🚀 🌕
* Weekly chart it’s been trading inside this parallel channel since IPO on December 16, 2020.
* If price action is consistent we might see a rebound to the 100EMA on the daily chart.
* 15 minutes chart is sitting at the 20EMA since the start of this trend.
* 36.88% UP since bottom on Oct 16.
* Price Target
- 6.30
- 7.70ish
ERF NEXT BULL RUN (DD) insideyo new investor here but i'm different like khaled so its a 100% win every time. we DOW BEST MUSIC !!!! (LMAOO)
here is my tip: buy this single stock ERF !! it's the safest stock and is advised by all of the screener apps/companies so it will always be the goto for noobs like me who are just starting out.
right now theres a STEEP red bar, no reason not to buy now. (not sure what happened if someone knows please do.)
there is NO WAY THAT THIS WILL NOT FLYYYYYYYYYYYY.
msg me for more tips. i know how the market cycle works by doing acid and watching buffet.
Bulls playing a dangerous game of hot potatoWe are on 3 consecutive weekly gap ups, which is an exhaustion pattern, accompanied by being far outside the weekly Upper Bollinger Band. Daily RSI in the mid 90s and 4hr also in the 90s. This thing is going to waterfall hard. Not a short recommendation unless experienced, but definitely a time to take some off the table and have a very tight stop
AMC Entertainment Price TargetAMC Entertainment is sitting at its strongest regional support line and its ready to bounce to the next resistance.
My price target is 40.5usd
I`m looking forward to read your opinion about it!
GME GameStop Price TargetGME Gamestop bounced from support and now looks like it`s heading for the resistance.
My price target is $226
I`m looking forward to read your opinion about it.
$75, $220, $116, $3400Gamestop needs seven months of consolidation in the triangle to form a huge flag pattern and then an enormous explosion will happen.
bearish abcde pattern in the bullish triple combinationthe bearish abcde pattern completed under the median line of the pitchfork and ready to slide to $72.
ENFN - Enfusion Inc - H1 chart symbol - $ENFN - h1 chart shows strong demand recently when the insiders bought up over $46 million dollars worth of shares a few days ago. Lets see if this demand zone holds up
$GNUS from $1 to $56 with triangle and flag pattern(%5000 gain)Genius brand needs seven months of consolidation in the triangle to form a huge flag pattern and then an enormous explosion will happen.
$PYPL BUYING THE DIP OPORTUNITY?Bloomberg News reported Wednesday that PayPal is looking at purchasing the image-sharing social media platform.
Price -4.91 % Down at close.
Daily HODLING the 200EMA.
Orange Box 1st Target price
Red Box 2nd Target Price
BB looking good here - wedge likely to pop back to ATHBB following a similar pattern as before with a long term wedge. No more room left for shorters and short squeeze is imminent. Whatchu think? Funny what seems obvious when you just zoom out far enough!
LONG $SPCE TO THE MOON? $SPCE ENTERING BUYING ZONE.
Swing trade
- LOAD UP BAGS AT THE GREEN ZONE.
- AVERAGE DOWN if we go to the bottom of the green box.
- IF PRICE ACTION IS CONSISTENT, expect a bounce to ATH (Red Box)
- STOCH RSI HIGHER LOWS.
WallStreetBests Brings You $SDC Short Squeeze Play!Once in a while, Wall St. screws up. They get so greedy shorting a stock that they forget how it can blow up in their faces. $GME $AMC were some of the eg. of Wall St. short positions blowing up.
$SDC is showing the same characteristics. The stock has been beaten down for a few months now, but the momentum changed in August. Bulls returned and were successful in breaking the downtrend. Shorts had many chances to cover in the past few weeks. But guess what instead of taking their profits, Wall St. got greedy and doubled down. Now in the past few weeks, retail interest has grown, social media hype has increased, the news cycle has changed, and the broader health care sector is catching a bid. Demand for the stock is growing and this is very problematic for shorts. The cost to borrow shares for shorting is going through the roof, currently at 92% interest rate.
If this demand for shares continues we will be seeing parabolic moves in the stock in addition to 30% increase in the past 2 days. So get ready this is going to create headlines and I think the move up is just starting.
SDC SmileDirectClub short squeeze candidate?32.82% OF FLOAT SHORTED.
Bullish on option calls.
Average Volume: 11,003,726! High!
One of the top mentions on Reddit!
52 Week Range 4.63 - 16.08. close to the all time low now!
My price target is the 8.7 resistance.
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.
$CLOVClover Health Investments, Corp. operates as a Medicare Advantage insurer in the United States. The company through its software platform provides preferred provider organization and health maintenance organization health plans for Medicare-eligible consumers. Clover Health Investments, Corp. was founded in 2014 and is headquartered in Franklin, Tennessee.
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!
$GLBS FALLING WEDGE BULLISH REVERSALGlobus Maritime (UPDATE)
Currently $3.07 & Targets $35 - $100
Technical Analysis: Bullish
Chart Pattern: Falling Wedge Bullish Reversal
RSI: Slowly Going Up & Signal For Trend Reversal
Volume: Low & Calm Before Storm
Fundamental Analysis: Bullish
EPS: Expected Late Sept & Extremely Bullish
There is huge upside considering $BDI is at a 11 Year High! Also Globus Maritime Stock is near alltime lows of $2.55 & there’s an incredible opportunity for growth. The dry bulk industry can expect major recovery and profits.
Retail Investors Are Expected To Be Massively Rewarded!
$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
Let's get into some stock trades #4 & #5 - AMC & GMEDespite AMC & GME having either bad business models given the era we live in or bad financials or a mixture of both, the meme stock craze doesn't seem to be going away. AMC currently at about 17-18% short interest of free float and GME at about 12-13% short interest of free float. Neither heavily shorted, but there is some juice. Clearly neither as short as during the major squeezes, but the charts look pretty strong.
Currently we live in a world were memes, brands, communities and networks is all that matters, and these stocks have all of that behind them. Will these end well? Probably not, but in the short term we have something big here.
Several weeks ago I put out some updates on AMC and GME, and both did drop substantially since then and then found support. I stupidly ignored my 32$ buy level for AMC and on GME I was a little more scared that it would hold 150 after it lost 180. However the current view is quite different as they are both showing substantial strength. Short term might both pullback, but in my opinion it isn't a bad idea to own a little bit of both and consider that money lost as they could both go up 200-500% from here or even higher depending on how the stock market craze progresses.
In my opinion we haven't see the parabolic rise of stock markets yet, but we might be pretty close. Before that we might get a dip which would definitely be a great buying opportunity.
