Let’s see if we breakout by next week! Keep $MARA and $RIOT on your WL and look for a good entry.
AMC has been consolidating in this channel for about a year now. With my Bull Hat on I speculate that AMC will potentially breakout of this channel once more vaccines are distributed and when it is deemed "safe" for people to watch movies together again. With my Bear Hat on, AMC may never see the light of day and go bankrupt unless they pivot their business model....
MM's so kindly brought the price down so we can run up to ER on 1/26. With the load of good news, I can only see us going up from here. It looks like we are about to finish corrective wave 4 then to finish the last impulse wave 5 into earnings. We have a key support level at around $87. AMD may drop there but can expect a bounce off our trendline. On this bounce...
So far TTCF has been respecting the trend line very nicely. Depending on the news and market sentiment we might dip a little lower to the $25.15 area but can expect a bounce back up to the first resistance of $25.96. After we get through we will test the $26.76 resistance, then the $27.80 resistance to ATH.
AMD looking real juicy with strong support at $90. Were looking for a run up to ER on the 26th. All my indicators suggest a run up is coming after being oversold this week and MACD about to cross upwards.
Looks like we are in the beginning of Wave 5. Looking to scale in around the $18-$18.60 area. PT $23.90.
GHIV was trading sideways again this week but this time took a dive when peaceful protestors stormed the capitol because we are literally being sold out to China and the CCP. Anyway, UWM is supposed to have their ER on 1/12. Last quarter they did well and is expected to beat this quarter too. This may be an important catalyst to get us going in the right direction.
On the 1HR it looks like we are still consolidating into a symmetrical triangle to bust the lid off this cup and handle pattern. I'm still new to waves so please let me know if I'm off but it looks like were in correction wave B. As the symmetrical triangle gets tighter we may see a break out to test $26 again. I believe it will touch $26 but get rejected one more...
I'm thinking were in the middle of impulse wave 3. Looks like we have some resistance at around the $11.50. Once we get past that its on to $13! I believe we're gonna need some good news or some type of catalyst in order to get there.
Is it getting tight in here or is it just me? Breakout imminent! Load under $3!
Looking for a squeeze to test $147 again then if we break that wall on to $150! I plan to scale in at $143 or lower with debit spreads with Jan 29th or Feb 5th exp. LMK what you think and what your plan is!
On the 1HR I see a Bull flag forming with strong support at $11.70 area. If we break that support I think we can see this drop further down to the $11 area before we see it head to impulse wave (3). Short term PT is $14.
Getting ready for a breakout sometime early 2021!
In the 1HR we are forming a bull flag. It also looks like we are currently in corrective wave (2) and if things go well next week we can see another impulse wave to (3). This next impulse wave may rely on good stimulus news. If we get bad news we may continue to go lower or trade sideways. My short term PT is $15 by 1/15/2021.
FSR looking real bullish going into Christmas with a Golden Cross on the EMA. We will likely see the most action within the first hour of trading. Looking for FSR to test our support one more time then hopefully with enough buying pressure and volume we can break resistance @ the $17 area and touch $18 for our target.
I found out about this stock randomly and loved that it got beat down and is on it's slow but steady incline. Looking for correction at around $4.50 area to get back in. I'm personally looking at $6c July leaps. I believe we can see $6 by EOY.
Pretty good week for GRWG up $5! Looking at Fridays chart 12/18/20 Chart it hit ATH @ $39.80. According to the chart it looks like we could run up to $42. Currently holding a $39 call 12/24 exp. MACD still looks bullish into weekend. Being quadwitching and a Friday there was a little sell off towards the end ($38.13) but in the last 30 min to market close we saw a...