Last count was invalidated. Wave 4 cannot overlap with the price territory of wave 1 (Except in the rare event of a diagonal triangle pattern). With that said, we needed to re-count. So chart updated from last time.
There is a light at the end of the tunnel focus on a sign that says: Short below 34 only...So if you have "bear goggles" you took that bate above the 34 support and you may have to cover soon..if anything you have entered a battle you cannot withraw from untill you are whole..which will make you trade and trade and trade untill you are whole again. If you are a...
We have come to the depth of hell and we start to fear.... So as we move inside the bottom of the squeeze the bulls have suffer losses at the fron line and have retreated to the support at 37. The 37 area is holding with volatility increasing and no shorts in sights as of this writting. Last shorts taken on the 9th around 46 bucks...no new shorts will come...
$AMC actually may have a chance has a major reversal last week brought it back above support!
We continue to move sideways inside the squeeze between 37 and 80. We see healthy short activity with the bulls still in control, thorugh bear territory. The shorts started at the $50 area and that will be the resistance to break clean over 55, which is just the 10% window above the last short. We are still bullish with the shorts feeding the squeeze. ...
Going through all the major indices, going through whether stocks are overvalued and where they might be heading next and closing with two major meme stocks like AMC and GME
We have a green report. As we move inside the squeeze, we are finding a sgtrong support around 51 and targetting the heavily shorted area of 60 bucks. We see no short activity on the exchange , the last being the 17th of this month around 60 bucks. We will accelerate to 80 once we get a clean break through 60, which will be followed by a small retracement to...
If you happen to live in NYC (home of Wall Street and all thing money-related) voting for Andrew Yang for Mayor is your best bet. The best way to protect crypto from bad government regulations is to get involved with the process directly. Andrew Yang was talking about crypto since 2013, way before any of us even was there. twitter.com -- Campaign Page and How...
AMC does appear to be breaking out of a Bull Flag. However, the momentum behind it will determine if it truly is a break to new highs. Going to pay close attention to the $72 high to see if we bounce off it, or break through it. Be aware of a Pennant Flag formation. Too many failed attempts to break through $72 and the price will collapse.
Inflation hits 5%, much higher than anticipated, even for the analysts out there. There are good reasons to think that this could be good for "alternative assets" like crypto, and "meme" stocks like GME/AMC.
Bulls in control of the squeeze, support around 47.50 with a trendline support area starting at 50. I still expect a normal retracement to occur around the high 40s before another squeeze to 65. Its getting harder to time the moves as it moves to the thin part of the squeeze in the hourly timeframe. Signs of coverign still present SO ... Green - Happy sailing no...
We are in pivotal part of the market where investors or unsure and fear is aplenty. That being said I always trying to come at the market as a day trader and swing trader without being emotionally attached to a stock. I like certain stocks on fundamentals and will buy them again long term, but as a day trader I am only in search of weekly or monthly flings. Those...
Just a recap and taking a second looks at our previous support. Always double check yourself or get a second opinion. Is this a retest or a support bounce? $AAPL
The last Eclipse was May 26th and you saw what's been going on since.
Bullish Pennant still playing out, in the squeeeze, healthy short selling activity feeding the squeeze(daytraders in and out). All good signs supports to watch for 41.50 37.5 34 breaks 55 60 67 SO ... Green - Happy sailing no short activity Yellow - Some mixed activity still shorted Red - Critical shorts that will be followed by a flash RED FLAGs ... I will...
Moving sideways inside the squezee..Good support, bullish pennant. Good LUck
Healthy short activity..but there is activity
Just some tips on $AMC and some advice going into the rest of the week! Safe Trading!