DarthTrador

DarthTrador

I have been following FSR for a minute but sadly missed the recent run again! But as I look back on the daily timeframe I noticed it formed a huge C&H and had a textbook breakout! I am not gonna miss the boat next time. I'm looking for re-entry at $20-22 range on correction wave (4). The recent run-up was from a combination of good ER/guideance and the...

DarthTrador

In the monthly timeframe we see a massive falling wedge which is a bullish continuation pattern. In the longterm we can possibly see a PT of $36. Gamma squeeze could set us up for $36 we will see on Monday. Once a gamma squeeze is triggered combined with extra dry powder from stimulus to retail traders could potentially cause the actual "short squeeze" making ATH's.

DarthTrador

Looks like we may test support to complete our handle before we rip. PT $17 if the perfect storm comes together. Honestly we just need to close above $8 to fuck the shorts and have a potential gamma squeeze on Monday. If you have weeklies calls I would suggest to close when you are comfortable and get $40c 9/17 exp at close for max profit gains.

DarthTrador

LMK WHAT YOU THINK

DarthTrador Updated 

I take my eye off FSR for one second and it brokeout without me :(. In the 15m I see a falling wedge. Kind of a stretch. If it doesn't pop in PM look for it to retest support at $18.86 which could be a good entry. Also at $18.65 which would be the ideal entry. Invalidation past $18.25.

DarthTrador

Let’s see if we breakout by next week! Keep $MARA and $RIOT on your WL and look for a good entry.

DarthTrador

AMC has been consolidating in this channel for about a year now. With my Bull Hat on I speculate that AMC will potentially breakout of this channel once more vaccines are distributed and when it is deemed "safe" for people to watch movies together again. With my Bear Hat on, AMC may never see the light of day and go bankrupt unless they pivot their business model....

DarthTrador

MM's so kindly brought the price down so we can run up to ER on 1/26. With the load of good news, I can only see us going up from here. It looks like we are about to finish corrective wave 4 then to finish the last impulse wave 5 into earnings. We have a key support level at around $87. AMD may drop there but can expect a bounce off our trendline. On this bounce...

DarthTrador

So far TTCF has been respecting the trend line very nicely. Depending on the news and market sentiment we might dip a little lower to the $25.15 area but can expect a bounce back up to the first resistance of $25.96. After we get through we will test the $26.76 resistance, then the $27.80 resistance to ATH.

DarthTrador

AMD looking real juicy with strong support at $90. Were looking for a run up to ER on the 26th. All my indicators suggest a run up is coming after being oversold this week and MACD about to cross upwards.

DarthTrador

Looks like we are in the beginning of Wave 5. Looking to scale in around the $18-$18.60 area. PT $23.90.

DarthTrador

GHIV was trading sideways again this week but this time took a dive when peaceful protestors stormed the capitol because we are literally being sold out to China and the CCP. Anyway, UWM is supposed to have their ER on 1/12. Last quarter they did well and is expected to beat this quarter too. This may be an important catalyst to get us going in the right direction.

DarthTrador

On the 1HR it looks like we are still consolidating into a symmetrical triangle to bust the lid off this cup and handle pattern. I'm still new to waves so please let me know if I'm off but it looks like were in correction wave B. As the symmetrical triangle gets tighter we may see a break out to test $26 again. I believe it will touch $26 but get rejected one more...

DarthTrador

I'm thinking were in the middle of impulse wave 3. Looks like we have some resistance at around the $11.50. Once we get past that its on to $13! I believe we're gonna need some good news or some type of catalyst in order to get there.

DarthTrador

Is it getting tight in here or is it just me? Breakout imminent! Load under $3!

DarthTrador Updated 

Looking for a squeeze to test $147 again then if we break that wall on to $150! I plan to scale in at $143 or lower with debit spreads with Jan 29th or Feb 5th exp. LMK what you think and what your plan is!

DarthTrador

On the 1HR I see a Bull flag forming with strong support at $11.70 area. If we break that support I think we can see this drop further down to the $11 area before we see it head to impulse wave (3). Short term PT is $14.

DarthTrador

Getting ready for a breakout sometime early 2021!