AMC appears to be completing its second corrective wave (4) of a major 5 wave sequence. Looking for a target around 140 after filling the gap at $16.50. Although the chart looks ugly in the more recent term, most traders are forgetting what led it here in the first place. Extremely over leveraged funds have shorted this into oblivion and have doubled down over and...
I know there's a lot going on here but should be legible to outside observers. looking at the count and pennant structure. I would be looking for a break to the upside during the first week of November
self-explanatory AMC appears to be cyclical stock likely due to FTD cycles as well as derivatives expirations. could see a large break to the upside between next week and the first week of October.
Spy is overbought on the weekly BB's, RSI, with volume bearish divergence as well. The reverse Repo market is topping 1 Trillion on a regular basis, inflation is out of control, and margin debt is falling while s&p continues to rip. The United States is on the brink of defaulting on its debt. The Biden administration is a comedic puppet show that has proven itself...
self-explanatory. fibs, gap fill, falling wede.. = = = = = = = = = = = = = =
See Chart. .618 fib reversal. possible parabolic Arc forming. Target ATH
No further DD or technical analysis needed. What we are looking at here is the epitome me of all things wrong with the United States financial system. Hedge funds backed by the central banks get to do whatever they want as long as the man gets paid. The retail investor unfortunately tends to be the one paying the man. Here we have an instance of the big banks...
We are continuing to respect support in this pennant as well as a nice fib channel. Shorts have been playing every trick in the book. Rerouting buy orders to darkpools, converting bonds to shares and shorting for unlimited downside pressure and yet we continue to march along strong support towards the apex of the pennant. Im expecting a move to 80+ within the next...
Massive cup and handle formed on the daily chart. Moving averages and RSI also indicating continuation is coming. I dont see how shorts can possibly survive this suckersbet. Target $15 EOW. $20 will quickly follow.
We have officially closed the gap caused by Monday's 14% move to the upside. RSI is heading back into nuetral territory and short interest and utilization are still sky-high. Net outflows are showing very few sellers at about 3.8% and 50% of activity is coming from dark pool trades. In my opinion what we are seeing is the short sellers' final stand. they have...
title. looking for 5th wave
3.5 million barrel deficit coupled with reopening hype and OPEC cuts should help this continue back on the path for 80. the reopening oil trade is back on imo
Over bought on macros and RSI topping out. watching for weakness
IBIO forming a cup and handle while RSI is begging to turn upward. IBIO has also printed three green candles above VWAP. VWAP crosses to the upside tend to be bullish for this stock. 1st TP at 2.65. -------------------------------- *NOT FINANCIAL ADVICE*