Chart is presenting a great Elliot Wave Structure. Theres a good short interest on the stock. Possible short squeeze.
Wave characteristics -
Wave 1 (Complete) - Very good looking wave without any overlaps. nice Fibonacci relationships within sub waves. 3rd was nearly 2x of wave 1. Wave 4 was .23 of wave 3. Wave 5 was almost perfect .382 of 1+3.
Wave 2 (Complete)...
we been holing our ascending channel for weeks , and we broke from our resistant the 0.59$, now we going to test the 1$ , which is the psychological level, and squeeze area for ATER, we need to hold above the 0.71$ to confirm the bearkout if we got rejected the first time .
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*** Chart Update 6/22 ***
AERC appears to be holding and consolidating on necessary key levels as of now which keeps me bullish on the play. I have added shaded regions from the top of leg 3 for retracement zones. It would be really nice to see this hold above 16 however does have room to retrace all the way down to around ~$14.25 without breaking the Elliott...
The Rockbridge fund heavily shorts it. Here is a register of only the large (above 0.2 %) shorts sold by Polish stock exchange (the one which starts from G):
These are just shorts sold by Warsaw Stock Exchange. Below numbers assume that only these exist, which is not true. You have individual shorts, institutional shorts below 0.2%,...
I haven't posted anything in a while. This is the latest stock I am watching. I personally do not know any of the fundamentals about this company. I am purely looking at this chart, and it is looking very nice. It is holding above the 200 SMMA, and bouncing quite nicely off this trend line on the daily chart. A perfect entry would be around $2.35 -...
WILL REVLON GO THROUGH A SHORT SQUEEZE?
At least 1/3rd of the total float is short. No idea if this could short squeeze. Some people have said 60$ is short, others just 35%. A bunch is shorted, that's all I know. Will it squeeze like the others in the market?!
WILL REVLON GO BRRRRR MOON?
GOING TO THE MOON
BUY SHARES AND LEAPS. SQUEEZE THE BEARS.
WALLSTREETBETS HAS GOT YOUR BACK
THIC THOTTY MEMES
BEARS ARE BAD
nuff said. collect your tendies in 2022 or 2023. Calls are still cheap af. Buy some shares to join the crusade.
This market is showing some interesting Price Action
Price is building a huge squeeze and windup pattern
The longer these squeeze patterns build,normally the bigger and more explosive the breakout will eventually be.
This is definitely a market to watch for those traders who like higher risk explosive breakout trades.
If Tesla is positive ==> they become eligible for inclusion into the S&P500 ==> a more exciting stock in the index + more attention to that already exciting stock ==> increase in the price of Tesla and S&P. Despite the target on the chart, aggressive profit-taking seems like the best approach. Remember I am not your financial advisor.
SPY Tight squeeze
Can go in either direction , the graph looks to me like it will go down soon, maybe a little up, but ALOT downward potential (in my opinion)
Notice the W shapes on the graph before it crash. (bearish bat)
i dont like the W too much... play SPY safely! except a surge of downward movement soon.
SPY is at a weird state where stocks have been...
Potential BOTTOM on chart. If the pair will manages to Hold support, take long position on closing bar with stop below the low. The main trend is still bearish , so use a small (speculative) size, but at the same time, we have a good R/R (<1:3).