Simple chart, downward channel for GME has slightly broke out this week, retesting the top of the channel to see if this can act as support now. A daily close above this channel with continued volume would potentially mean a continuation of a breakout. When breakouts from channels occur, we often see a retest of the breakout area which I refer to as "basing"....
ok, stop crying, the uptrend is there, today $AMC just covered a gap, tomorrow should be green
Breakout similar to AMC's, seeing in volume can continue to confirm a move out of this range.
Well, let me tell you what is going to happen, $AMC is going to $50, the dividend $APE share announcement will make this going to ths starts for the same people that was stopping it just because if this doesn't happen before August 19 the will have to pay to all the synthetic shares the dividend. They will send this high to see a lot of people selling and getting out.
AMC breaking out of its downward channel and looking for daily support green candle on the upper resistance trend line, some volume confirmation and green open on monday could confirm a move higher. First target $24 if breakout is sustained based on fibonacci retracements.
Really solid example of how channel breakouts often retest resistance AFTER resistance has already been broken. I like to think of it as testing the buyers and supply/demand zone to see if resistance can now act as support which would confirm another leg up as we see in Uber. Good rule to follow is to not enter trades as soon as they breakout from a channel as...
Check the volumes of YINN, consisting with the start of an uptrend
Depending on the markets reaction to AMD's earnings after the close today, we could see AMD show confirmation of a breakout from this downwards channel. Relative strength sitting at resistance levels in respect to historical "tops", looking to see if a breakout in relative strength can also provide confirmation after ER. Directional movement also positive....
Maybe it's the time, everything looks like the last time that we see the squeeze. #tothmoon
Looking at the AMC Entertainment options chain, i would buy the $17 strike price calls with 2022-10-21 expiration date for about $2.11 premium. Looking forward to read your opinion about it.
Exela Technologies XELA $927 Million volume today reminded me of AMC Entertainment AMC and GameStop GME before they went parabolic! XELA has a Market capitalization of only 58.56 Million, while their earnings last year were $1.17 Billion. Exela Technologies is a business process automation corporation that provides industry-specific and multi-industry...
This is AMC 30 minute chart with the Cash in/Cash out Report (Ci/Co) applied. With the Ci/Co set to a user length of13, it gives us 6.5 hours of data ((30 x 13 = 390)/60) = 6.5. I have selected 6.5 for two reasons for this time frame (each time frame user input is independent of other time frames when using the Ci/Co). 1. 6.5 hours is a full day of open market...
This was estimate was generated using a combination of black-box indicators(not displayed) and log growth curves. During from this point out, I'm selling 1-2 year CSP against crypto stocks and using the premium to buy crypto and leaps on the same stock, then selling weekly PMCC against the leaps. Wish me luck!
Basically yes, you can see $AMC reaching the $60 level without any problem, i want to put some fact in the table, punished stocks after earnings are those which have problems with the supply chain and distribution costs increased by the prices of oil and nat gas, in the case of $AMC, they don't produce nothing, they are yous waiting for you to seat in a dark room...
If we don`t take into consideration the fundamentals of the company, instead we look only at the technical analysis, every falling wedge of GME ended up with a rally higher than 51%. That could be our price target too, $174 (+51%). Looking forward to read your opinion about it.
I see the recent rally of RDBX, which is a self-service rent or purchase new-release DVDs and Blu-ray Discs, as a return to the meme stocks. RDBX went from $2 to $11 in just 10 days. If we consider only the technicals, then the stock should reverse from the Fibonacci 0.618 level, which is $6.36 to $12.70. I`m not in this trade though, the valuation is too high...
I remember the call on JAGX 2 years ago, just before it did that 21X rally: Now it dropped significantly, being even lower than the analysts ratings. Can you imagine that Cantor Fitzgerald has a price target of $5.00 for JAGX and the stock is trading at $0.55??
Nice entry for a long period, the company is fundamental and technical perfect for a long time. i see 25% in the near future, but i am sure will broke the higher high