WSB. Two gigabullish scenarios.WSB forms two bullish patterns on a local uptrend. In my opinion, this asset should include everyone who shares social trends in crypto and is at least somewhat favorable towards memes. The formation of two patterns indicating at least an elevenfold gains is gigabullish! WSB = $1
Pay attention to the volume histograms - we have diamond hands. We're ready, sir.
Wsbreddit
WSB. Soon, sir.The formation of a global ascending triangle occurs over 252 days. The price may still continue to move within triangle, and even some negative price fluctuations will not allow us to confidently say that a bear has arrived. It seems to me that asset still has some stage of accumulation, perhaps with prices going up 30-50%.
WSB. Looking bullish.The potential formation of a golden cross indicates a possible change in the local trend. Taking into account previous price fluctuations after golden cross formation, the increase may be 1,700% from the current entry point. Quite an interesting event, because the market as a whole is bullish locally and globally.
WSB. The Next Leg Up.Sideways for six months. Each local pump has support for significant volumes. If you have been accumulating or have recently made a buyback, this is an excellent move for you. Moving averages could potentially form a bullish crossover in the near future. Taken together with market conditions as a whole, this is an opportunity.
CFVI Long, It could rumblePossible WSB play if network effects of Andrew Tate could influence Zoomer capital to buy the stock as a FU to the monopoly to social media content platforms. However, it does bring into question how much of an influence they really have given how personal savings have fallen back to 2016 levels . This idea is only valid as long as we don't close under $12.05 on a daily candle.
Max price point I could see it going would be ~$52-$65 given how BBBY had a max mcap of $2.5B after WSB made its move on it (But lets not forget that it was short squeezed). Realistically, I can see it going to $17-$27. Good entries for a long at this point are ~$12, $11.35, and $10.30.
Max low price: 10.00
Max high price: 65.00
Trade:
Entry:12.19
SL:11.22
TP:17, 25, 50, 65
GME, KOSS, AMC, Silver, Pot Stocks, and now KMPH is a loaded canI'm very bullish on this and long in the position.
The Reddit WSB are starting to get behind it and I'm seeing more buying on the tape in large volume than selling. Shorts are in a bad place.
Could see 20.00, 60.00, 90.00, or 120.00 conservatively due to very small float compared to the floats of GME or AMC.
Full disclosure I'm am long this stock and have been since I found the 71% short on a company with no debt and an FDA approved ADHD drug.
Bed Bath and Beyond - Don't BTFD - Bye Bye, BBBYI heard on Reddit that BBBY is prime for a major pump because Ryan Cohen talked about spinning Buy Buy Baby off into a separate company, which would in effect create an airdrop of new stocks for holders.
I heard on Reddit that BBBY is due for a pump because Ryan Cohen bought Jan '23 calls @ a $50 strike.
I heard on Reddit that BBBY is due for a pump because 45%~ of the float is short sold.
All of the above are true. However, what I would like to point out to you is a few key considerations:
1) The July - August bottom of ~$4.50 was both extended and precariously close to the 2020 COVID bottom. But they didn't break.
2) BBBY is already at this pump's top at sub $14. What comes after a pump?
3) If BBBY is going to spin a second stock in a few months, there's going to be proper accumulation. A proper accumulation requires you bag holders to capitulate.
4) Jan. '23 is four months away. That's a lot of time for you to hold $10 and $13 bags when this thing dumps to its 1993 low and you need to pay $12 a gallon for gas.
Reddit is not a normal social media site. It's a social marketing and social influencing platform, and one with a heavy Marxist-Leninist influence, to boot.
You think you are reading organic comments from other young people, but you are reading the written vomit of a combination of a botnet and a professional public relations firm that front runs the moves.
The purpose is to drag you in and have you donate your life savings so that someone who looks like Sam Bankman-Fried can pay some creditors and then buy another apartment and a new car after you trade your money for their bags.
Monday could go two ways. One is a gap up over $14 and then a dump and the other is just a gap down that doesn't bounce.
Either way, you're now on the wrong side of history to be buying the dip. Don't buy the dip. Your risk is a ~70% wipeout from the nearest gap. If you bought at $13, well, cut your losses and stop gambling.
Be patient and wait a month or two when everything is scary and the Reddit brigade is telling you that BBBY is a total piece of trash that nobody would ever want.
And remember, Redditors are not your friend. They are Fabians.
AMC: Potential Breakout, testing resistance as supportAMC breaking out of its downward channel and looking for daily support green candle on the upper resistance trend line, some volume confirmation and green open on monday could confirm a move higher.
First target $24 if breakout is sustained based on fibonacci retracements.
Channel Breakout Example Really solid example of how channel breakouts often retest resistance AFTER resistance has already been broken. I like to think of it as testing the buyers and supply/demand zone to see if resistance can now act as support which would confirm another leg up as we see in Uber.
Good rule to follow is to not enter trades as soon as they breakout from a channel as the trend reversal is not confirmed by anything yet. we can see multiple channel breakouts where price did not continue rising once the channel was broken.
Volume confirmation (increaising volume with increasing price) is also important when identifying true breakouts, nice highs when lower than average volume is generally a sign of price disparity defined as divergence.
AMD Earnings UpcomingDepending on the markets reaction to AMD's earnings after the close today, we could see AMD show confirmation of a breakout from this downwards channel. Relative strength sitting at resistance levels in respect to historical "tops", looking to see if a breakout in relative strength can also provide confirmation after ER. Directional movement also positive.
Negative ER reaction I believe would continue AMD back within its downward channel to look for support near $87
$KOSS Next Target PT 16 and higherKoss Corporation, together with its subsidiaries, designs, manufactures, and sells stereo headphones and related accessories in the United States, the Czech Republic, Sweden, Canada, the Russian Federation, Japan, Malaysia, and internationally. It offers high-fidelity headphones, wireless Bluetooth headphones, wireless Bluetooth speakers, computer headsets, telecommunications headsets, active noise canceling headphones, and compact disc recordings under the Koss Classics label. The company sells its products through distributors, international distributors, audio specialty stores, the internet, national retailers, grocery stores, electronics retailers, military exchanges, and prisons under the Koss name, as well as private label. It also sells its products to distributors for resale to school systems, as well as directly to other manufacturers. The company also exports its products. Koss Corporation was founded in 1953 and is headquartered in Milwaukee, Wisconsin.
AMC - Trade IDEA, Buy under $39Looking at the trend, I think we'll see a nice little boost over the next two days followed by some down weeks until that last week of Nov.
I have some AMC calls into Jan that I'm looking to short (probably Tuesday), and rebuy around Nov 23rd.
Either way, these are some key numbers and trends to keep an eye for!