The grandpa of stonks is getting interesting here.
It's broken above the trendline, and it has retested it once.
I am going to pull the trigger on averaging down my "underwater" position when we test the trendline again and stay above it for more than 2 days .
Yesterday there was a news about $AMC goin to possibly sell more $APE into the market (if necessary, not a guaranteed move) and now short sellers jumping on this news and shorting the hell out of the $AMC causing it to go down almost 15% on yesterday's trading hours.
This is pure psychological. Hang on to your hats and do not fall for it!
Twitter apes are chattering about levels for these derivative stonks. If a simple linear regression is accurate enough, I'm expecting to see $120 & $250 for $AMC & $GME support levels. The price action regression slope for AMC (0.5) is 2.5 order-magnitude larger than the GME (0.2) ticker.
If this is so-called "price manipulation" is true, it is hidden in momentum...
* NFA *
The hedges are moving right on FIB levels. They will try hard to pushback price to $36~$35 range.
It will exactly line up with my salary day! Hedges R Fok!
* NFA *
Hello Traders !
AMC is to buy ?
This stock is quite oversold, i think this is the right moment to buy !
We should see in the following days/weeks a strong bullish move ?!
The long term forecast is good ! Invest NOW around 26$
JamdeJam will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel...
* NFA *
GME meeting local uptrend support. Hedges are trying hard. I personally will add a small amount to my holding at this pint. #apestogetherstrong
* NFA *
The Fed..
Scholars running the show are now, after denying the fact that the Evergrande mess was contained, are now admitting that the ramifications could spill into the U.S. Economy.
The Fed..
Also sent out a WARNING that the act of holding a meme stock threatens the stability of the U.S. Financial system.
I would like to point out that holding meme stocks...
The handle of this pattern is just about complete. if we break 44.34 which will end the cup and handle pattern, the measured move, is right around 54.33. Under normal circumstances and I stress the word "NORMAL", the measured move generally exceeds the dip of the cup. Under FOMO its anyone's guess where it goes. Either way apes, the bananas are on sale! Get some...
