$NOK Return of the Former King In Nokia for the long term. I'm a sucker for chart like this, especially when they stay at the bottom of the screen for so long, when it breaks out the rally is always epic.
With Huawei facing global pushbacks, Nokia is ready to make a big comeback with its own 5G technology.
Wsb
It's highly probable to have a short squeeze on $S30Since two years ago Muddy Waters spread a rumor as $S30 had connection to mafia. An anonymous report "appear" making the stock price to drop from $20 to $7.5. Yellow arrow. Of course Muddy Waters was short and made money on it. No evidences, no attack on Justice court.
Small investors lost a lot of money on that but bought back the bottom (red arrow) and the stock value started to recover. At middle course the value got attacked again (green arrow) and again (second yellow arrow).
S30 is attacking MW in courts for defamation. In a Twitter exchange with a French group of WSB, MW assumed getting profit from short positions and being OK with it. This communication is going viral under the #wsbfr_s30_vs_mw. The last short position is already mostly bought back. The stock will finally be able to get back to it's intrinsic value, as results of Solutions 30 were excellent with a 19.4% growth in 2020 and excellent commercial dynamic for 2021.
Why ATA Creativity Skyrocketed 951% yesterdayWhy ATA Creativity Skyrocketed 951% 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.
ATA shares were buoyed — thanks to discussions stock trading groups on Facebook, Discord chat rooms, the r/Daytrading subreddit, Twitter hashtags, and YouTube channels before the market opened.
Many of these posts mentioned the advantages of the high volume and relatively low float (31.74M) of the stock.
ATA Creativity is not on the list of most talked about stocks on r/WallStreetBets, as compiled by Swaggystocks.
Gamestop in ETF GME became around 20% of the weighting of this ETF from around 1.5%
If you haven't been investing on the Reddit Frenzy, and you wish you had; now is your second chance.
21ema is the support level to watch currently, as it has held in the past; and is giving great risk-reward as we are just above it.
Volatility can be extreme, so set clear defined limits to where you are comfortable with your potential losses.
Nokia is a legit buy Hi everyone.
Wall street bets has put a few long forgotten stocks back into the public eye. Nokia in particular stands out. They make it clear that they are not done. Net sales in 2020 was 21.9 billion Euros while their market cap is only 20 billion. In the past two decades, Nokia has invested 129 billion Euros into R&D. Nokia has licensed out the right to their phone designs and refocused their vision on 5G. They have over 3,000 5G patents! With 155 years in business, "Nokia has found and nurtured success over the years in a range of industrial sectors including cable, paper products, rubber boots, tires, televisions and mobile phones". Obviously they have a niche for adapting to the times.
NOK is fundamentally undervalued.
We also must consider the nostalgic value. I always loved my Nokia phone because of how basic it is. And when I dropped it, it would explode into a few little pieces, absorbing any shocking force that could do some real damage. It would never break! Unfortunately, the only reason I can't still use this phone is because of PLANNED OBSOLESCENCE: the chip in my new phone is a different shape. And I know for a fact that the chip hardware has not changed. Would you like to know how I know that? When upgrading my phone a couple years back, the employee at Best Buy simply took the bigger chip out of my old phone, pulled out his special CHIP RESHAPER and stamped my old chip into the shape of a new, smaller one. This is the only factor holding me back from using my brick phone.
Lastly, peep the high trading volume at the lows!
See you diamond hands on the rocket moon!
PLTR falling wedge patternIn my chart you can dee very nice patter `FALLING WEDGE`, that means that the stock will go up. Also the fib is dhowing the same sing - we have a strong support now. Hit like if you ar eholding with me!
Why $NAKD Stock crashed Down Sharply from last week?Why $NAKD Stock crashed Down Sharply from last week?
The WallStreetBets short squeeze continued to unravel this week with investors pocketing gains and latecomers hoping for a second bounce.
A number of factors are driving the ongoing sell-off as $NAKDe stock peaked last week.
The first is that many short-sellers closed out their bets as the stocks soared last week, riding a massive short squeeze and gamma squeeze.
Second, savvy traders who rode the stocks up sold it to take profits. Third, fundamentals matter, and stocks will naturally revert to their mean barring any significant change in fundamentals. After all, a stock is a part-ownership in a business, not a lottery ticket.
So the possibility of a short squeeze is diminished, and the "easy money" has come and gone.
Traders who now buy any of these three stocks are banking on another pump-and-dump rally to lift them.
Investors should also be aware that $NAKD stock is still significantly above historical trading level and fundamentals are weak, meaning stock could fall significantly further.
www.fool.com
AMC ST (February 2nd 2021)AMC Entertainment (February 2nd 2021 through March 2021)
Low: $0.15 - $2 - $4
High: $9.89
So in the short term, it's not looking good. Technically this could still get a bigger short squeeze in the future but we have a period of consolidation ahead of us for now if that will even be possible in my opinion. Otherwise this will get driven right into the ground. Grab the popcorn, it's heating up. The battle is on.
I do not have a lot of hope for the smaller retail traders right now. From what it looks like, a 4.236 fibonacci was fulfilled and there will need to be a LOT of buying to help recover past those levels again.
Now, if we imagine a scenario where the coveted pump happens so long as the bears aren't going to take over completely, the next levels to watch for serious selling action for could be: $40 - $64 - $88 - $102 - $165 - $264
But it needs to top its last high of $25 first, and it can be possible but is a lot less likely now that price has shuttered as much as it has the past couple days. Not looking good in my opinion but this will be interesting to watch.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
AMC ST Update (Feb 4th 2021)AMC Entertainment (AMC) (February 4th 2021 through February 18th 2021)
(Potential entries) Low: $0.57 - $2.00 - $3.13 - $4.81
(Potential swing high levels) High: $5.08 - $6.28 - $10.10 - $10.94
I am looking for price action to come down near where I have placed 2 orange boxes for potential entries for future prospects of AMC. If people (WSB) manage to squeeze AMC harder a second time, there's a chance it never even comes down to where I anticipate it but I feel it will be very likely for it to keep crashing since the crazy peak, and maybe return to baseline/normalcy around $1 to $4.
A good entry might be found anywhere from $2.00 to $4.81 in my opinion, but it really depends on if WSB actually pulls off a second squeeze for how long it would take to realize profits on the next run. If its truly returning to baseline, $2.13 and lower should be expected, I think 57 cents would be the absolute most drastic possible.
I've placed a couple white trend lines just to see if any of it correlates with a path, but I've also scribbled the green, orange, and red brush lines for other potential levels I can see price coming to at those times. No idea which path will actually happen if any of it is even right, just watching closely for now.
Related idea attached below:
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
$SMEV No News Is Good NewsSynergy posted another update today where $SMEV was not mentioned. However you interpret this I believe this to be good news as the company stated in the last update that they would be talking with the COO to establish some sort of agreement where the company would help the COO bring $SMEV current and bring a Reverse Merger into the company.
The fact $SMEV was not mentioned in this update tells me the deals are still being worked out as if there was no agreement made or they agreed to go their separate ways it would have been mentioned in this update as they have with other shells mentioned parting ways immediately after whatever happens happens they don't wait weeks to update about it.
PT .25
$RBNW Breaks out on News Release for Lust for Life$RBNW New position broke out today after news released about its Lust for Life Direct to Customer:
marketwirenews.com
Announcing that Online sales have been converting from Brick and Mortar stores and that they will be manufacturing new and different styles this year.
PT .03-.05
A Game Well Played (GME)Yes, I actually presented the possibility of a massive short squeeze to all-time high levels for GME stock back in October. Here is the original analysis:
There were clearly some opportunistic investors who bought the lows on this one and made out like bandits. Unfortunately I wasn't one of them (I made the initial post by request). Even those who bought below $5 and sold at $30 did very well. The idea was that GME might actually be undervalued. Even Michael Burry ('Big Short' fame) had invested in the company. Time will tell if Gamestop can restructure in such a way that proves profitable and time-enduring. But clearly, this stock is a fan-favorite. The Millennials involved in the short squeeze certainly have an affinity for nostalgia. Just look at Nokia and AMC (remember when we could go to movie theaters?)
Many on WSB are now wondering what's going on, clearly. The herd-mentality is quite extraordinary, and together a large group of smaller investors was able to squeeze whales out of their positions. Unfortunately, the wealthy elite are the ones with the liquidity and access to massive amounts of borrowing. In numbers, when people collaborate they can certainly have an impact, and it's inspiring to see that happen here. HOWEVER, human nature always takes over, and people get both fearful and greedy. These emotions drive the markets. Big investors have the wealth to afford short term losses. In their mind, the market always goes up long term, so they will be able to recover their losses. But the wealth disparity is so great that when an individual risks their life savings on something like this, it will take a very long time to recover. So the fear is correspondingly much greater, and that fear makes the stock owner a paper hand. To really have "diamond hands" you need to be able to stomach losses of 50% or greater. Those who bought GME above $300 (I suspect there are a lot of them) are already down to less than a third of their original investment.
The name of the game is always liquidity. Unfortunately, after Robinhood restricted orders, buying pressure eased up, allowing prices to fall. Charts were going around displaying "low volume sells," but that's not the entire picture. In reality, it's the lack of buyers. Even though there aren't that many people selling necessarily, price can still drop if there are even less buyers to eat up the supply from the sellers. So price has dropped right back to where I'd expect it would - roughly near the previous all-time-high. Psychologically, the $65-75 range should be a moment of maximum pain for anyone who bought during the meteoric rise. And therefore, their panic-selling should provide the most liquidity for new buyers. If GME is to actually move up again, I expected these levels to be tested. This is the first time I see a potential buying opportunity. If GME falls below $65, it can head right back to my trendlines and much lower support levels. This is the risk. If one believes in this company's value long-term, these are the levels to look for entries. And yes, it can go all the way back to $15-17 and still remain in an uptrend!
Here it is zoomed in, so you can see my trendlines more easily. The green horizontal line is the previous ATH
There is still a chance for further squeeze action (yes, even towards those ridiculous $1000+ targets), but GME will need to hold above my trendlines, and ideally above the previous ATH. Ultimately though, once the final squeeze is done (if there is one) I expect the stock's price to fall back to earth and land somewhere in the $10-20 range. We'll see! I am not personally buying GME unless it gets back into that range and shows some promising business moves. But the $65-75 range is where I'd look for the first line of strong support, if I were trading this (previous ATH). Right now I'm looking to begin investing for the long term after building some capital using crypto market gains. Currently, I'm building small positions in stocks/ETF's that I think have room to grow, despite very precarious economic conditions. I do think we're nearing some sort of climax to a large debt/asset bubble. I'm very curious to see what happens in the next few years. Perhaps sectors other than big tech (green energy, new infrastructure, marijuana, nuclear, etc) can take the reigns and we can avoid a serious economic collapse. It all depend on the world's leadership, and what they do about the wealth gap.
I see a lot of people my age investing and trading for the first time. So in some ways, I am at an advantage with respect to my cohort, since I have a pretty good idea of how the markets work. It's important to have a PLAN, and many entered this frenzy without one. Some will become long-term investors, but many will lose enough money to impact them for the rest of their lives.
Part of this IS general investing advice, but this post is NOT a recommendation to buy or sell any particular stock. This is for speculation and education only. All I can say is be very careful, assess risk, and TAKE PROFIT. Profit and capital preservation is your POWER against fear. FEAR makes one a paper hand. And I acknowledge many around the world do not have the wealth or financial safety net to handle losses. To many, the market offers opportunities for those who don't come from privilege. But especially in those cases, it's immensely important to exercise RISK MANAGEMENT. Take that profit, enjoy it, and carefully plan the next move when you are ready.
-Victor Cobra
The AMC Setup AMC stock has not been a generator for portfolio growth. With the rise of online streaming for movies (Ahem, Netflix), it has been hard to compete. I studied film for my undergraduate degree - I love movies, but I don't love this stock. That said, it has at least held above the broken downtrend on the current retrace. I have also heard they have enough backing to survive for a while longer. If they can thrive and adapt in the wake of the pandemic, perhaps they can grow. As I've mentioned, I think there will a rush of people wanting to experience things like going to bars and going out to movies again, creating a kind of "roaring 20's" moment. That's barring further economic disaster/uncertainty. This is a bit different from GameStop, since at least video games can be enjoyed from home.
On this chart, there are clear support and resistance levels. This zone seems like an okay place to buy, but if it drops substantially below $5.50 and does not bounce, it would be back in the downtrend. From there, it can go straight back to $2 or lower (towards the broadening wedge support - light blue). That's the risk. So if you have a limit to how much you can lose (as with any trade), so if I were trading this, I would set a stop loss. The risk/reward seems pretty evenly split here, so not necessarily an amazing bet at these levels. However, If it breaks above the $20 level, I can see it heading towards its previous major resistance level, around $36. If it breaks above there, it can make a new ATH and squeeze shorts towards $100. Price for AMC has been quite suppressed, even prior to 2020. I have a slight bias to the upside here, simply because it hasn't moved up dramatically yet, and there still seems to be some energy left in the market for more wild price movements to the upside. We're in a retail frenzy.
We'll see what happens! This stock isn't really on my radar right now, but I posted this by request. This is not financial advice - this is for speculation, education, and entertainment only.
-Victor Cobra
How Can You Protect Yourself?Are you seeking to protect yourself financially in the long term while earning returns in the short term?
Tune into my live stream this Friday the 5th of February at 4pm EST to find out how you can!
POST QUESTIONS AND OPINIONS IN THE CHAT! I will answer all of them! :)
www.tradingview.com
When Doge Peaks; It crashes: And takes the Crypto market with itBack in 2019 I posted a chart on the Doge/BTC pair pointing out that the Doge to BTC ratio was a lifetime historical support and that it would likely pump to atleast the top of the range so long as our support wasn't broken and so long as we could break a midterm downtrend pivoting from support :
Today i must say i'm quite happy with the result but now it's looking like the party is over and one thing i have realized overtime is that when Doge pumps to the top of the range it typically just goes right back down to the bottom and has often been an early indicator of an overall shift in the crypto market cycle.
We may see crypto enter a Mid to long term bear market very soon.
However, if in this bear market Doge can pivot and make a higher low this time around perhaps at the newly created 200 week Moving average then we may see Doge pump back to the top of the range and actually break above the resistance convincingly next time around.