If the fractal continues to closely repeat, the Dow Jones could rise to 50k and then drop to 5k, all within the next 5 years! Sounds insane, but people in stocks have seen nothing but gains for the last decades. That's an enormous amount of generational wealth.
I like to think of the market as a breathing organism holding its breath for longer and longer. At...
$SPCE ENTERING BUYING ZONE.
- LOAD UP BAGS AT THE GREEN ZONE.
- AVERAGE DOWN if we go to the bottom of the green box.
- IF PRICE ACTION IS CONSISTENT, expect a bounce to ATH (Red Box)
- STOCH RSI HIGHER LOWS.
* Weekly chart it’s been trading inside this parallel channel since IPO on December 16, 2020.
* If price action is consistent we might see a rebound to the 100EMA on the daily chart.
* 15 minutes chart is sitting at the 20EMA since the start of this trend.
* 36.88% UP since...
Bloomberg News reported Wednesday that PayPal is looking at purchasing the image-sharing social media platform.
Price -4.91 % Down at close.
Daily HODLING the 200EMA.
Orange Box 1st Target price
Red Box 2nd Target Price
BB following a similar pattern as before with a long term wedge. No more room left for shorters and short squeeze is imminent. Whatchu think? Funny what seems obvious when you just zoom out far enough!
Once in a while, Wall St. screws up. They get so greedy shorting a stock that they forget how it can blow up in their faces. $GME $AMC were some of the eg. of Wall St. short positions blowing up.
$SDC is showing the same characteristics. The stock has been beaten down for a few months now, but the momentum changed in August. Bulls returned and were successful in...
32.82% OF FLOAT SHORTED.
Bullish on option calls.
Average Volume: 11,003,726! High!
One of the top mentions on Reddit!
52 Week Range 4.63 - 16.08. close to the all time low now!
My price target is the 8.7 resistance.
Yesterday i saw two times more puts than calls on the options chain for GME.
Gamestop reported adjusted net loss of 76 cents a share and net sales of $1.18 billion.
The analysts consensus called for an adjusted net loss of 67 cents a share and sales of $1.12 billion.
Let`s wait for a pullback to the key support levels then.
Clover Health Investments, Corp. operates as a Medicare Advantage insurer in the United States. The company through its software platform provides preferred provider organization and health maintenance organization health plans for Medicare-eligible consumers. Clover Health Investments, Corp. was founded in 2014 and is headquartered in Franklin, Tennessee.
So AMC looks like it has failed to break out of its down-channel, I hope to pick up AMC around $23 before it gets squeezed into a symmetrical triangle from the trend line going back to the sym formation at the start of this year, which led to the parabolic move up to $73.
I think we need to complete this triangle pattern before another parabolic move up, we have...
Globus Maritime (UPDATE)
Currently $3.07 & Targets $35 - $100
Technical Analysis: Bullish
Chart Pattern: Falling Wedge Bullish Reversal
RSI: Slowly Going Up & Signal For Trend Reversal
Volume: Low & Calm Before Storm
Fundamental Analysis: Bullish
EPS: Expected Late Sept & Extremely Bullish
There is huge upside considering $BDI is at a 11 Year High! Also Globus...
Retail investing subreddit r/WallStreetBets has spun the short-squeeze-stock wheel this morning and it appears the arrow is landing on ROOT.
The company is exploding on the subreddit in terms of comments, and the stock is moving in massive quantities. Some are making their exit as ROOT stock sees a boom and bust this morning, whereas others are buying in and...
Despite AMC & GME having either bad business models given the era we live in or bad financials or a mixture of both, the meme stock craze doesn't seem to be going away. AMC currently at about 17-18% short interest of free float and GME at about 12-13% short interest of free float. Neither heavily shorted, but there is some juice. Clearly neither as short as during...
ARKK making a strong name for itself after the Jackson Hole meeting. Are we nearing the breakout point or will we continue to see more waiting and what will ultimately happen with the ARKK index at this juncture? We will see! Good luck traders :)
GME breaks through flag resistance, going into bullish uptrend.
However, there is major resistance at 220, hoping for a close above 220.
New support should form soon, I estimate new support would be around 200-205ish.
Also hoping for higher than estimated earnings report, should reinforce retail and institutional investors for a long position until shorts cover.