Will resistance become support now? We'll see. I am holding already, was buying in the low 10's and high 9's. thought about taking profits today, but going to see what happens in the morning.
AMC has been prepping for it's next squeeze for almost 5 months now. Short Interests is at all time highs meaning shorts have not covered and the technicals show bullish momentum starting to build up once again. Some indicators that suggest the next squeeze is starting.. low volatility, low volume (increasing now), high short interest, pennant close to breaking...
NYSE:BB “Reversion to the mean is the iron rule of the financial markets." ~John C. Bogle Recent Upgrades by Analysts + Positive earnings = upward price action
It looks like one from Bird's eye view. If this is true may be climbing even further up. This is assuming that we are finishing up Wave 4 of main impulse. Time will tell. Fibonacci goals are in green, reversal or invalidation is in red. This post is not financial advice, make your own financial advice or pay a certified professional ( you are to statistically...
after perfect earnings uptrend move with big volume! lets go to 12$$$ eps and revenues beat !
Another “dying company” thats a victim of squeeze and release It appears to run into these Expanding Flats before it has a run up Curious if this next wave leads to something big maybe a 12345 impulse?
Here is a quick look at BB on TSX. Over all, its looking like a triple nest, that's approaching the downtrend line from the Jan 27th and June 3rd highs. We're about a month away from crossing it if we stay in this prize zone, but with earnings coming up next week, we could see some action if the numbers are positive. I don't like to think of this as a meme...
I thought the charts looked similar a few weeks back but didn't run like I thought. However, looking at the attached chart, I'm looking to see it test $11, retreat a little and potentially make a move up. Not financial advice but looking to get others opinions.
NYSE:BB Possible Scenario: LONG Evidence: Price Action, Momentum TP1: 11.60$ TP2: 12.20$ Call options, Strike 11$, 01/21/2022 Call options, Strike 12$, 09/17/2021 *This is my idea and could be wrong 100%.
Blackberry Ascended-Triangle and Falling-Wedge Breakout
Jim Simons: we should try to trade patterns that happen on a non-random basis..! Now with higher confidence, we can say Wall Street bets are predictable..! NYSE:AMC with a 22 billion market cap gained more than 20% in a single day! Today's price*volume: 9.9billion second to BABA and 10% above Tesla..! Why this is important? because the last time this...
I think it's time for BB to pump, after the AMC distraction and the fake CLOVER pump, now it's time for the BB squeeze. 3rd time's a charm. I'll look at 60$+ for selling. AMC got to FIB 2.618 extension on it's run. Planning to move profits to GME for the real squeeze. Good luck, power to the players.
Looking interesting here, regardless of meme status. Interesting news too.
Will AMC go back to its previous highs? I believe the answer will be revealed shortly. Let me know what you think!!
In this chart we analyze the relationship between the Small Cap iShares ETF and an analog of the 2002-2003 price action. From our view, we can see that we are clearly holding a similar pattern from back in the early part of that decade. This happened to be after a recession as well where the value/growth rotations were just as if not stronger than they are today....
SIRI gives me Blackberry vibes. No one paid attention to Blackberry and thought the bulls were crazy for getting long in the 5s and 6s. You could see some of the comments in this post on BB here from Aug 2020: Tightness in volatility is what traders look for. Especially multi-year consolidations like SIRI. In my first year as a stockbroker my boss said......