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.
If I had to make a guess, this is what I see happening. After that, chart a course for warp speed.
Idea for Gamestop: - GME broke out of a Trend Bull Flag and is in a a Trend Cup & Handle. - Not to be outdone by AMC, GME should see a very similar performance. - MM spread will soon be broken and they will soon be deep underwater. - Time frame of Wave 3 is this summer and Wave 5 should be EOY. - Long term log trend: TP1: 600 TP2: 1000 TP3: 2000 PT: 5600 GLHF - DPT
PLTR is back at another high-traffic area of resistance. There's been lots of accumulation between $24 and $25 over the last week or so. But I have a feeling if it can bust through this level, we might see it go back to retest the lower fib. If it can, though, I'm hoping that the next fib higher around $27 is the mark. I currently have a position in the $24 calls...
As predicted in my older posts, GME is now nearing the completion of the Cup and Handle pattern. This is very bullish, and indicated that it is ready to continue its long term upward trajectory. The long term trend we see with this pitch fork from the ATL to first peak and next low outlines that we should be expecting another test of the top of the 1x trend line...
With other streaming services running wild and Apes seems running out of bananas, this making the hold almost reach it's perk. I want to see AMC break 45 - 50, but historically and with current pandemic situation, I'm not so sure about it. What do you think?
CwH clearly on the chart. This is just the beginning mi bredren.
AMC is looking decent and does have a potential bull flag forming. I also noted the gap fill that partially explains the recent pull back. I would wait for a breakout and retest before going in too hard.
I just started messing around with this little tool in the last month or so, and it's really interesting what it shows. Kind of incredible, really. There's an amazing amount of shadiness happening in the background with $gme, so predicting price action in the short term is going to be difficult. All I can say is that this isn't going to be comfortable for...
For the first time in history, the average Joe can make a real fist against the financial system. In 2008 there where a lot of financial companies who were bailed out and lots of average Joe's had to pay the bill. The wound is still open, the debts were real, the houses they had to left, were real, the cars they had to live in, were real. Their PAIN is REAL....
Todays trading plan. Wide range will shake down the market Paper hands will burn Burning paper turns into carbon Carbon takes the heat and the pressure AND DIAMOND HANDS ARE BORN!
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