There are some interesting similarities between today, August 23, 2021, and May 24, 2021, that may be worth noting. Specifically, the MACD and sRSI patterns.
Price action over the last few days is also similar.
And..... if you are one of the folks who happens to subscribe to any of the T+ theories, or long term effects from major options days, well:
both days happen to be the exact same number of trading days since the last major options date.
Aug 23 is 26 bars from July 16...
May 24 is 26 bars from April 16...
Let's see what happens tomorrow, shall we?
Also, I am keeping an eye on other meme stocks as well. They really seem to be coupled, though for every price burst, they seem to vary regarding which ones affect which others, and how much.
Good luck. Don't take this as advice - just information. Process, collect more, form your own strategies. Don't make my mistakes - make your own.
PAX
Price action over the last few days is also similar.
And..... if you are one of the folks who happens to subscribe to any of the T+ theories, or long term effects from major options days, well:
both days happen to be the exact same number of trading days since the last major options date.
Aug 23 is 26 bars from July 16...
May 24 is 26 bars from April 16...
Let's see what happens tomorrow, shall we?
Also, I am keeping an eye on other meme stocks as well. They really seem to be coupled, though for every price burst, they seem to vary regarding which ones affect which others, and how much.
Good luck. Don't take this as advice - just information. Process, collect more, form your own strategies. Don't make my mistakes - make your own.
PAX
Another prediction, just for fun: The Kitty will Roar again this Monday.