$GME surging through that 61% retracement level, holding here with continued squeeze momentum sends the next target to $400 being the 78% retracement level
$CLOV Squeeze Called out from $7 price point, GLTA. Next Fib level is 24.33 with gamma squeeze
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...
AMC above key resistance and fib level. A break of 60 and AMC can run to 68-70
SEE CHART - BELOW STEP 2 (175) WILL INVALIDATE THE PATTERN
TA on 1 hour candles: After some consolidation in this flag pattern , bullish pennant , it seems the price broke trough and have retested the upper side of this pennant in the last market hour yesterday. Today is probably where we going to see a nice jump. normally it can go at least to $65.46, where the candles closed and opens at the last top. From there we see...
GameStop - GME - Still going to $600? The GrandDaddy of the WallStreetBets Movement? AMC will be chasing GME? LOL
2 hour chart, will be interesting to see how this plays out tomorrow, very heavy resistance at the 161% retracement level, but if broken through and support at that level is shown, it can potentially mean the next fibonacci retracement zone being 57 - 90. MACD looks like it wants a reversal as well, so that gives me some further confidence for the Fibonacci...
This is an update from my previous post flagging the potential for breakout: You Won't Believe What the World's Most Beautiful Girl Looks Like Today ...WHAT A MOVE. Looks like it's ready for more as we are not really even in overbought territory yet. Do we enter my upper trendline and push for $500? I think so...
As I posted the other day, I expected BB to make a move to its next fibonacci zone near 22.00. Resistance was met at the 61% retracement level and it got shot back down to its 38% retracement level after failing to hold the 50% retracement level (15.60's). Bouncing off the 38% level near $13 could give us 2 paths as I show on the chart. Need to break through that...
Was simply looking for a retracement play on this one, and got what I wanted, some resistance at the 38% retracement level, and I have to be happy with 57% gain so I closed half the position. This can definitely go higher, and has the room to do so, so trimmed half of my position accordingly. Next price levels to watch, 8.60 to $10.00 range
Finally popping like it deserves, options playing out nicely with this one. Very important that we hold around this 10.50 level being the 38% retracement level from the ATH in January. I would like to point out that the short interest is 31% of the float, with insiders not being able to sell shares until $30 a share. There are plenty of really informative DD posts...
All, I have seen so many Symettrical triangle posts on AMC I had to post. We lost that .. its gone (on lower timeframes). Could be recovered in Pre Market / news of trading being suspended over weekend on short sellers. Please do not follow or buy on those symettrical posts because we have lost them. Breakdown #1: we WERE in a sym triangle and no longer the case...
looking like a reversal may have start on gold for the short term we had a head and shoulders best seen on the 4h chart last week we've just retraced between the 0.61-0.79 fib levels meaning we could continue the move down from here a break of the trend line currently sat between the 1860-1850 levels we be a sign that we could see low 1800's/high 1700's those...
Generally we have seen that AMC and GME follow the same chart pattern. This time we have seen that AMC is ahead of GME. Most probably GME will follow very soon. This could be after the annual meeting or even before. Anyhow we have a great chart pattern right now. HODL to the moon Apes!
Since Dec '20, $GME has bounced off a logarithmic floor. This chart forecasts that trend for the next 6 months.
Not only is price action huge compared to normal, the bull flag forming on the daily/weekly chart is clear indication of a strong bullish stock.