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Where is Gamestop Going Next?As I have spoke about before this is a blow off top, wave 5, and evening star formation. The price target is $17. Let me define a few things to put it in perspective. 1. Blow off top definition; Blow-off top patterns are common in securities where there is a lot of speculative interest. Prices rise, usually on positive news or on the prospect of good future news, such as future growth or the release of a positive drug trial, for example. As the price rises, more and more people get excited. More people also start to feel they are missing out, and they don't want to miss out anymore, so they buy. The higher the price goes, the number of people lured in to buy increases, and thus the higher the price and volume go. Blow-off top patterns are common in securities where there is a lot of speculative interest. Prices rise, usually on positive news or on the prospect of good future news, such as future growth or the release of a positive drug trial, for example. As the price rises, more and more people get excited. More people also start to feel they are missing out, and they don't want to miss out anymore, so they buy. The higher the price goes, the number of people lured in to buy increases, and thus the higher the price and volume go. 2. Wave five is the final leg in the direction of the dominant trend. The news is almost universally positive and everyone is bullish. Unfortunately, this is when many average investors finally buy in, right before the top. Volume is often lower in wave five than in wave three, and many momentum indicators start to show divergences (prices reach a new high but the indicators do not reach a new peak). At the end of a major bull market, bears may very well be ridiculed. 3. Evening Star; The Evening Star is a bearish, top trend reversal pattern that warns of a potential reversal of an uptrend. It is the opposite of the Morning Star and, like the morning star, consists of three candlesticks, with the middle candlestick being a star. The first candlestick in the evening star must be light in color and must have a relatively large real body. The second candlestick is the star, which is a candlestick with a short real body that does not touch the real body of the preceding candlestick. The gap between the real bodies of the two candlesticks is what makes a doji or a spinning top a star. The star can also form within the upper shadow of the first candlestick. The star is the first indication of weakness as it indicates that the buyers were unable to push the price up to close much higher than the close of the previous period. This weakness is confirmed by the candlestick that follows the star. This candlestick must be a dark candlestick that closes well into the body of the first candlestick. The reliability of the evening star is enhanced if the third candlestick opens below the real body of the star leaving a gap between the real bodies of the star and the third candlestick. This, however, occurs very rarely. Reliability is also enhanced by the extent to which the real body of the third candlestick penetrates the real body of the first candlestick, and if the third candlestick has very little or no lower shadow. Finally, volume should also be considered as the pattern is more reliable if the volume on the first candlestick is lower and the volume on the third candlestick is higher. Sound familiar? If it walks and talks like a duck it's probably a duck. Not shown is multiple similar bubble situations TLRY, SPCE, Bitcoin in 2017, etc. All bubbles burst. My advice is to get out immediately.
NYSE:GMEShort
by adriel.arrasmith
11
Zero Commission trading: GME, AMC & others get blocked and crashPrice is crashing on low volume for GME & AMC. TD Ameritrade restricted operations on GME, AMC & other securities Robinhood removed GameStop, AMC, Blackberry, Nokia and others Interactive Brokers has put AMC, BB, EXPR, GME, and KOSS option trading into liquidation Charles Schwab raised the margin requirement to trade GME (blocking small accounts from buying it) Those brokers cover most of the US retail market, and it is possible more have enacted restrictions "Robinhood". "Take from the rich to give to the poor". Here it's rather take from the poor so the rich can crash the price and exit. Melvin Confirms $2.75 Billion Investment from Citadel and Point72 Following Losses, Including GameStop (GME) Short I heard but could not confirm Citadel were short on some of those securities Citadel is Robinhood major client that buys their client order flow So this is how it is: They make money by taking the opposite side of retail, and when they lose they ask their zero-commission pets to stop their clients from buying This is from CNBC: “This is a big problem of the e-brokers’ own making as they are so beholden to their payment for order flow overlords and shows the real fragility of the zero commission business model,” said Timothy Welsh, founder and CEO of wealth management consulting firm Nexus Strategy. And world famous AOC criticized the brokers actions, she is a member of the Financial Services Committee and would support a hearing. A few days ago senator Elizabeth Warren said something had to be done, I believe she meant bail out her billionaire buddies. As you may know there is a divide in the US democrat party, between socialists (incl AOC) and "typical" dems. This will get politicized, and your portfolio returns will depend directly on US politics. Also, if these plays continue to be possible will depend on US congress and NOT on magical indicators. The left in the US (the people around Bernie Sanders) will likely fight in favor of the small guy, republicans and old school democrats will defend "systemic risk" in other words the big funds, libertarians (a few republicans + Tulsi Gabbard I'd say) might defend retail investors. But I really expect the same old dems & republicans to win and stop the infinite free money hack, a lot of people really won't like it, and it adds another brick to the wall of divide+tensions+radicalisation. Billionaires will get bailed out, but since they burned themselves I think they are going to calm down with the shorting and fear mongering. Unless crazy laws that overwhelmingly favor them get voted, at that point this would not even surprise me... For once the little guys won and beat the corrupt insiders, and so they cheated to avoid losing.
NYSE:AMC
by MrRenev
12
Nokia Bullish Short Term Target (NOK)We've seen a similar setup like this before with NOK that resulted in a huge jump. Scaling 1:1 historical moves compared to this move, we should be looking at a price target of around $6.30. This would test the upper limit of the Bollinger bands and I would expect to see some strong pushback near $6.30. If we hit that mark, I'll be doing a follow-up analysis of where we can expect to go. A full bullish trend for NOK on the fuel of 5G being developed globally could be in the cards. Telecoms infrastructure still marches on as COVID moves through the US, meaning the upcoming earnings report could post better than expected.
NYSE:NOKLong
by RegisteredFlexOffender
2
Will AMC do what GME did?One of the largest theater chains in the world took a beating with their financials due to this pandemic. If you are optimistic and enjoy the cinemas, you could think that with vaccines and a possible healthier post-pandemic world, where everything goes back to normal... that AMC can recover. Which is certainly why I have this in my long term investing portfolio. However this is very risky as they are on the brink of bankruptcy, a major business plan revision would be needed. Now... recently it was up nearly 7% Friday with no related news to the business... over 100 million volume came in (3-4x avg vol), this could be the pump situation that happened with GME and we could see a big move coming shortly so this gives couple lotto options that i would consider 1) Buy shares here, sell at the possible resistance I have on the chart or ride it up to my pt (medium risk: low reward) 2) $1C for 1/2023 now around 200$ (I'm already in, low risk: high reward leap) 3) $3C 1/29 .42 lotto or $5C 1/29 .23 (low risk: high reward) Disclaimer: Im not a financial advisor
NYSE:AMCLong
by jUiCE_Trades
17
$PLTR - Risky April 100-200% possibilityI was bullish on PLTR before with a PT of 36-44 for the coming months. Seeing the interest and amount of shares being bought by Wallstreetbets & CITI and Jefferies opposing price targets, i believe this stock is going to explode multiple times more than PLUG or GME. Short vol ratio is 0.3 which is amazing, money is flowing into this stock like CRAZY but the price is nice and steady. Anyone who thinks they'll be able to short this successfully is going to get burned hard and will need to further cover their shorts causing an even more massive short squeeze. The stock has finally started moving upwards last week as i previously predicted. After being loaded up SO MUCH it can no longer stay where it is no matter how hard it's being squashed. It's going to move up non stop and once the big institutions realize they can't make this stock fall to their preferred buying price, they're going to FOMO before they miss out on this causing the stock to go even higher. This & wallstreet bets buying this like crazy is what will cause the 100-200% share increase in the coming FEW months. I have a 255k share position at 26.82 & some insignificant calls for February, March & April. To be clear, i've gone full schizzoid mode on PLTR. I lose sleep every night in excitement over the gains i'm going to make off PLTR's boom. I was unable to sleep for 36hrs yesterday. I read their 311 page prospectus, i non stop scrape the entire internet for mentions of PLTR every 2 minutes non stop all day almost 24hrs a day. I can see biased mainstream media articles coming out mostly bashing PLTR, biased analysts coming out with intentionally low and bad and not well done analysis and PT's for PLTR based on the previous earnings which is a MASSIVE rookie mistake on their side. Jefferies who gave them the $30 PT kinda gets it. Citi's young and green Tyler Radke has it wrong and feels like he's read some negatives in PLTR's prospectus document and hasn't taken in any positives thus his research and DD is likely quick and short and not accurate. He probably believes the $10 PT. He needs to spend more time doing PLTR DD rather than using normal basic analysis and spit out PT's, it's not as simple as he's making it out to be. Too green. I'm from a software development and management background and i consider myself more of an expert than Citi's analyst to speak about PLTR especially with the 1 and a half month of non stop PLTR DD. SOROS & LOCKOUT CONCERNS: Read my slightly outdated but mostly accurate DD here and put your concerns to rest. Buy PLTR now and buy in big. The rocket is MASSIVE and is loading with MASSIVE amounts of fuel. Had many weeks of 50 mil volume everyday at a shortvol ratio of 0.3. Do the math don't be a sheep. www.reddit.com
PLong
by leenixusu
9
[WSB] How To Trade The Actual GME Short-Squeeze #2Friends, as you already know, the GameStop Stock (GME) was recently picked up by the subreddit r/wallstreetbets. The theory and technicals, which led to our entry at ~$17, are explained in the previous idea i shared with you guys (linked below). The price respected the trendline (black) three times during this uptrend. We saw a retracement in the shape of a cup each time, followed by another breakout. The same thing happend before, while the price was moving in a parallel ascending channel (red). For whatever reason, the price pumped 57.17% each time. So we can say that the price of GME tends to move in some sort of patterns. Let's try to apply these patterns to the current situation and find the best possible entry for those who missed to pump or for those want to increase their position size. From a technical point of view, we would like to see the price re-testing the trendline. This usually happens during a pullback. Pullbacks occure after a strong breakout. Those who previously bought (f.e. in the past months) take their profit and new traders emerge on the market - the journey continues. We can see a new trend emerging, which might be moving more aggressive. Please be aware that during an actual short-squeeze, we see insane price-jumps and huge sell-off later. Please manage your risk accordingly. Let me know what you think about this idea! I would love to hear your feedback. cheers, Ares
NYSE:GMELong
by Anton_XBT
14
$NIO - Run finished, go home.Sell your NIOs. The run is over. Too many gaps in the chart that need to be filled before any new highs are made. Also NIO is announcing a lot of new side-businesses, to make these, they're going to damage their balance sheet on the next earnings which won't help their stock price either. Low=48 Consolidation = 46 - 54 What will completely invalidate this is if NIO get's CCP'fied and the stock just runs up to some insane price like 400 or more. That's where i'll eat my hat. How to play this: Short NIO until the gaps are filled and until AFTER these earnings flop, then consolidate then bullish. Buy the consolidation lows and ride NIO to new highs many months later.
NYSE:NIOShort
by leenixusu
11
$AMD - 40% upside by mid AprilAMD will guaranteed runup to 110-115 easily. Anything more will be due to overboughtness and will be a bonus if you can cash it in fast enough. AMD gains are the sweetest gains because they're guaranteed gains by Lisa Su. As usual, earnings will flop despite them being positive, people will be confused and will drop the stock. The more clever investors will buy in 1-2 weeks after the idiots have dropped it pumping it all the way to 105-110, retails wallstreetbets will fomo and overbuy the rest to 120+ which will quickly die back to 108-115. The trading range for the many months after this will be between 98-118 until the xilnix deal nears and there AMD can hit 140+, but i haven't done much DD on this so 140 is the cap i'm setting for the Xilnix deal.
NASDAQ:AMDLong
by leenixusu
$NVDA - 25-35% gains by April - JuneNVDA will break out before earnings are here. If you want to get those sweet gains, buy in from now. A last dip to 520 might occur, it might now. Better be safe than sorry and lock in at 540 from now. This is a 2-3 month play maybe 4 month play depending on what NVDA announces during their earnings. If they announce an acquisition, the high price on earnings will dip back to 550 from 600 by wallstreetbets and others before being bought all the way to 680 over the next few months by more clever and opportune traders. tldr: 1) Run to 600 for earnings 2) Good earnings = Dip and quick run to 680 or more. 2) Bad earnings = Dip and slow run to 680 or more over months. Breakouts happen from 2 days up to 1 and a half month before earnings depending on how known a company is. For NVDA, i think we're about to start seeing the price run up in expectation to the earnings all the way up to the earnings date. You can buy now and sell before earnings for easy money. Buying from now and holding post earnings is riskier and could wipe what you earned or double it. Take your pick on what to do.
NASDAQ:NVDALong
by leenixusu
2