A 3 month chart of the returns as a side-by-side comparison. That red line slowly sinking into nothingness is Evergrande, the lines in the middle are GameStop, AMC, and a random ETF I found on the real-estate market here in the US.
How the Evergrande crash will affect the US markets is yet to be seen (it'll probably take at least a business cycle or 2 before the...
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...
GameStop broke this triangle 📐 up, and I think there is chance for run to 605 USD and even higher. Just bought the pullback to the BUY level, which is previous local high now acting as support. Let the game begin! 🎮
ENTRY : previous local high @ 189.33
SL : local low @ 136.5
TARGET : height of the triangle projected from midpoint of the local range (BUY -...
As the last GME trade worked out nicely. ()
My next plan:
Planning to buy tmrw some GME. Target is the recent high (25.08% from the current price)
No Stop- Loss. Will hold longer
Buying more GME at the s/r level (blue line) if price should fall lower.
Completing Wave C correction on the Weekly. Need some buying pressure to come in around the 170 zone or it could fall back to 140. Expect the kitchen sink to get thrown at this thing between now and October 18. My triangle is apex'ing at ~ October 11, 2021. But, the end of the debt ceiling on (~October 18, 2021) does seem like a perfect scapegoat for chaos when...
1 DAY TIME FRAME
LONG THEN SHORT POSITIONS
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Any DD at this point would be a waste of time as you all mostly know by now the stock is being manipulated heavily by naked shorts. That being said were just looking at the chart for a time and price estimate. As you can see most of the uptrends are all looking in the same direction. Theyre all looking at around the $500 + price mark at around the end of October...
See my earlier idea on GME post-earnings
Looks like we have a nice support around 200. I have added to my position at these levels
Based on fib numbers, if it can break 211 this week will be looking for a move to test the 230-232 resistance area
Not financial advice, just my take on where I see the upside
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The last time MACD crossed over Signal and RSI crossed over EMA together GME ran up to 350. If it forms a higher high than May's run-up it could reach the 1.236 Fib ratio of the most recent high-to-low trend, $418.92.