Nasdaq inching upThis last Friday 3/5 we say a massive positive price movement.
This is just my ongoing look at what happened on Friday and what I will be expecting going forward.
Very risky to go long, Will be scalping QQQ on these Wild swings.
Stimulus has been priced in for the most part.
we might see a dip going into Monday if NQ fails to break through the drawn resistance and trendlines in the chart.
Wsb
$AMC - Breakout to $22.5+ or just $13.5AMC Tarded Analysis.
AMC to breakout to $22.5+ or trade sideways into $13.5. Fundamentals don't matter here, this stock is controlled by the longs with only a little bit of resistance by the shorts.
-Wallstreetbets apes are holding since January and even more apes have bought into this "GME" for poor people play looking for a GME type of squeeze. The OG GME/AMC gang remembers this and it's not ogre until it's ogre.
-AMC is still partially under attack by the shorts but with limited capacity at this point, they're running out of ammo and have gone into conservation mode since the longs overwhelmed them for the past 30+ days.
-Wallstreetbets apes are holding AMC with only a few day traders buying the lows and selling the highs. This stock is locked in and primed at an ABSOLUTE minimum of $8 per piece.
AMC is re-opening yada yada, etc etc, earnings are on the 10'th, will likely be shit, but it doesn't matter because this isn't a battle of fundamentals. It's a battle for a Gamma Squeeze into a Short Squeeze.
Next possible dates for Gamma/Short Squeezes are 10th of March (Earnings Catalysts), 19'th of March (Quadruple Witching Day), 26'th of March (End of Month Reports for Hedge Funds & Institutions, almost always a green dildo spike day). If big catalysts come out like stock splits or dividends or both, it will be +1-2 months till the effect is seen. Best get in the rocket from now, grab your contracts and grab your shares, it's a double whammy.
I've yolod 16k on March 19 contracts and plan to yolo a few more for 26'th March ones too that are close to ITM but not quite.
GME $175 GAP FILL!I got in for the meme. Wanted to be part of history and willing to lose the amount I put in.
Generally speaking the market doesn't like gaps. They need to get filled and so price has a chance going back to $175 or even beyond if people are crazy enough.
No technical analysis or fundamentals can really help in a trade like this......
BUT FUCK IT! LETS GOOOOOOOO!
$VIX - Ready for a small-mega spike (VIX & GME intra-week moon)Vix is ready to blow up any moment. From the looks of it, i recon it'll be blowing up intra-week this week. Grab your daily contracts boys.
Make sure to be loaded up on GME, when VIX blows up, GME is going to do the next mini-squeeze but not the MOASS (Mother of all squeezes).
If this VIX pattern continues +1 more time after this, that may be the MOASS. Vix would touch 40 in that case.
Looks like people got too comfortable and thought they could buy the dip, nope, there's more dip where that came from.
MVIS: Still No Pump Fatigue For TradersYouTubers, WallStreetBets Reddit, an article on the Nasdaq website, fake news sites, and recycled press releases all contributed to MicroVision's rise in January and February. Can it be sustained or will it continue to fall due to retail traders' pump fatigue?
(Opinion only. I'm not a chartist. Not trading advice. I hold no position in stock mentioned.)
FSLY looking for a breakoutFSLY very oversold and RSI divergence spotted.
Dip over and has started the consolidation phase.
Possible support found at 80 (Good buy wall)
Earnings missed causing the drop. announced 2/17.
Looking at 3/26 100c
Greeks pulled 2/21
Delta
0.2179
Gamma
0.0153
Theta
-0.0812
Vega
0.0735
SOS Get Out Immediately!!Just as many other symbols are going up and completing blow off tops with evening stars, here is another one. SOS has went up about 400% within 4 day with a major gap and gap down to end the move with an evening star. The target is about $4.50, which is the 1.618 fib extension level of the first leg down and also the structure area of the break out. The move should be quick and swift.
Who Let the Doge Out?? DOGE/BTC 4hr You either hate the Doge.. or you love the Doge..
Either way, someone will inevitable let the Doge out again.. Eli pumps.. Crypto Newbies.. WallStreetBets.. Meme Traders..
It is only a matter of time with the Doge, be a good boy and catch this pamp!
#nottradingadvice
Covid vaccine play 🚀🚀🚀VBIV CEO Baxter said on a feb 5 2021 podcast that human trials were to begin in the next couple of weeks for their single dose monovalent covid vaccine vbi-2902, which received $56 Million from Canada to produce a vaccine. Today moderna announced forecasted sales of ~$18 Billion just from covid vaccine sales. Once VBi announces initiation of human trials for the ph1/2 study planned in Canada, I’m expecting a sizeable move to the upside.
Cup and handle - handle retraced to FIBO 618 retrace net which is a nice area to see bounce. I see potential to test The previous high of $6.98 as perceptive advisors did not sell any shares after loading bigly sub-$1 prior to that run which was over 1000% incl trade for them. This shows they expect SP to move significantly higher or fhey would have sold a percentage to re add on dips after that massive run.
With all the catalysts in 2021, GBM treatment with eVLP , SCI-b-vac and hepB therapeutic, pan-corona vaccine and this single dose vaccine, I see no reason why this can’t be double digits by year end.
Please like and follow! 🚀🚀🚀🚀
Disclosure: not investment advice as I am not a financial advisor. This information is to be used for educational purposes only.
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 - Gamma Squeeze --> Short SqueezeGet in and prepare your bodily diamond parts.
No paperhands. This bitch is serious business. Don't enter unless you can handle financial loss and big swings DOWN and UP. Paperhand your shares too early or too late and you'll regret it.
We're in for the infinity squeeze.
GME share floats are almost inexistent. We're probably already trading on phantom fake shares. Reports of 206% total share ownership if you would believe that. Reddit and Discord apes aren't selling ANY shares unless this thing touches 10k minimum. Any sell offs on the charts are likely going to be paperhanding hedgefunds. Institutions are in this for the mega squeeze too, retail is not what's pushing this stock, it's the other participants in the Mexican standoff, the whales, the institutions holding the gun towards both us and the hedgies.
Enter at your own risk. Riskiest trade you'll ever play. Riskiest trade of the century.
I'm in for 300k.
If 1.7k is broken, in my opinion, this will be an infinity squeeze and you should hold onto your pants, knickers and socks. We're going for a ride to Alpha Centauri and back.
Can UAVS Fly Again? I am long from $8.95. This a great set up where we have completed 5 obvious waves up with a ABC correction into the 0.618 fib level, structure area and the bottom of wave 4. Also, we have formed a morning star with todays gap up. Also, not pictured I have counted the waves down into Wave C, which finished at the projected level. Stocks should also rebound at least in the short term. Target is open.
Keeping an eye or retracement levels and volumeHaydale it's experiencing a correction of 78% since it's last swing up. We observe that the volumes in this correction are not too high in comparison to the volumes in the upwards movement.
There's a high chance that the price will stop falling at the 78% retracement level and then recover it's path upwards in the following days to the next swing high which could likely be at 9.12p or above.
We doubt the price will continues to fall but if it does it will likely won't be below the 55 EMA.
Regarding the fundamentals, Haydale has released an RNS today(24th of Feb) with good news. The group has managed to remain resilient during the covid crisis and the loss of revenue is minimal(5%). Also they managed to reduce by 35% expenses and they are scaling their orders an production.
AMC looking to retest some areasAMC looking to retest 9s maybe even 10s depending on how earnings fomo and overreactions go. not any kind of advice just an observation and a personal reasoning of why im long at low 7's and holding for 9s-10s at a minimum with a stop at 5.50.
1st AMC has a bag of cash from share sells in january.
2nd AMC is opening 25% capacity in NY and more and more of nation opening up.
3rd AMC has a viable option to pivot to streaming, networks, or even event hosting spaces.
4th all of the above are better off than where they are at today and been at for the last few months.
5th and final, the chart speaks. The TA says it all... uptrending momentum, macd, volume, price. Cant believe earnings will be so bad with 300 mil cash on hand this time around.
$SPY - Correction / Crash (Caused by GME)The GME Rabbithole
www.reddit.com
(Not mine)
Big hedgies are closing and liquidating long and profitable positions on many stocks to be able to pay off the incoming gamma squeeze on GME and possibly AMC. Bloombergs and CNBCs will call it a "Correction" when it's in fact just greedy naked shorting and overshorting a company for more than their share float in order to bankrupt them. GME is squeezing slowly and will eventually explode. As time goes on, these hedgies or CITADEL or Point72 people will liquidate more and more to prolong their suffering. Melvin likely sold their short positions to the people above them and may not be a thing anymore, who knows. No way they have this much selling pressure, must be a bigger fish.
Eventually everyone of them will get bailed out because the system is too big to fail and we'll get paid what's owned. Melvin filing for divorce and certain execs getting bonuses in this last period indicates that they know what's to come.
Make sure to trade without margin and disable share lending. Their reckless shorting will 'crash' the market and we'll see another 2008, but not for us, for the hedgies and unfortunately the government will likely use Taxpayer money to bail them out. Not sure who wins here.
Media is still shilling fake stories on how GME or AMC are BAAD. SPY and GME are inverse of each other. That's all.