An island reversal is a chart formation where there is a gap on both sides of the candle. Island reversals frequently show up after a trending move is in its final stages. An island reversal gets it name from the fact that the candlestick appears to be all alone, as if on an island. A key sign of a valid island reversal is an increase on volume on both the first...
According to some analysts, Vinco Ventures (BBIG) is "In Midst Of Experiencing Multiple Squeezes, With Next Squeeze To $27.32 by September 22nd (Proxy Mailing Date) And More To Come In October."
But is that a realistic assertion based on real technical analysis?
The stock has been one of the most explosive stocks over the last 3 weeks, rising from about...
A combination of factors which are in play could push shares of $BBIG much higher the week of September 6-10.
a) A Well Documented Short Squeeze is In Play (see: this Info )
b) Gamma Squeeze Possibilities given the heavily bullish call options activity ( see: This Info )
c) Fundamental pending news/proxy filing regarding a new valuation...
Buy signals generated for $TAL Tal Education, the China based educational centers stock as shares moved above the 50 day moving average and just below the 100 day moving average on the 15 minute intraday chart.
$WISH Bulls looking for a reversal after the stock tested higher lows first established in early June and following a move from one side of the Bollinger Bands to the other. Confirmation of the "double bottom" could set up a big move to the upside based on an ELLIOTT WAVE "C" expression with a price target above $15.23.
Fundamentals (which have been improving...
If you are in $WISH today, here is the playbook many ELLIOTT WAVE traders are using. Some variations had buy zones all the way down to $11.80. The low of the day thus far is $11.95. Now watching to see if this retracement level holds, it could signal a coming bullish wave to $17.50 area.
Bulls are looking for prices to bounce off the rising 10 day EMA while Bears are hoping to push prices lower. There are several technical and fundamental indicators which point to higher prices ahead, but first, this issue must be resolved during trading on Wednesday June 30, 2021.
Using a BARS PATTERN approach we have came up with a price movement scenario based on past behaviors and double checked against trendlines and support resistance to come up with this PREDICTION (blue bars) of price movement for $WISH.
This predictive model does not account for any potential SHORT SQUEEZE or GAMMA SQUEEZE which other experts in FINTWIT are...
Using a BARS PATTERN approach we have come up with a scenario based on past behaviors and double checked against trendlines and support resistance to come up with this PREDICTION (blue bars ) of price movement for $WISH.
This predictive model does not account fo r any potential SHORT SQUEEZE or GAMMA SQUEEZE which other experts in FINTWIT are predicting...
Shares of Arcimoto $FUV have been getting attention from several social media influencers as they rise in this bullish wedge formation.
We are watching for a potential breakout as the wedge pattern plays out.
Arcimoto makes affordable, ultra efficient, small-footprint electric vehicles .
Arcimoto's outsize gains began in the days following its first-quarter...
#WallStreetBets and undervalued meme favorite $WISH
has the potential to reach $21 as it recovers from massive
shorting and naked shorting with the help of #APES and
retail investors. The move could even "slingshot" in the
same way that we have seen other Reddit #shortsqueeze
plays have given that it has been identified as a GAMMA SQUEEZE
candidate by experts at ...
In an article published June 7th, entitled "ContextLogic Inc. 's (NASDAQ:WISH) Lock-Up Period Set To Expire on June 14th"
MarketBeat told readers incorrectly that "ContextLogic's (NASDAQ:WISH) lock-up period is set to expire on Monday, June 14th.
ContextLogic had issued 46,000,000 shares in its IPO on December 16th. The total size of the offering was...
Sundial Growers , which is one of the volume leaders in the market each day and one of the most owned stocks by retail investors on trading apps like Robinhood is forming the handle of a BULLISH Cup and Handle formation.
In addition to being on an uptrend and consolidating at the $1+ level , the stock is also seen as undervalued given that it only trades at...
Shares of $GEVO broke support along the 50% Fibonacci retracement level of $8.02 on Monday and may be headed down to test $6.26 before bouncing higher.
That level also appears to be the bottom of the regression channel in which the stock is currently trading. Wait for confirmation before entering the trade.
Folks, this is a very bullish chart technically and the WallStreetBets-fueled short-squeeze is also now solid as a fundamental bet after the cannabis company announced that it expected to raise roughly $100 million via the sale of common stock and warrants last Friday. Following the stock and warrant offering, SNDL is now on far stronger financial footing.