No there is nothign wrong with this stock its a typical bio downtrend. I think this is due for a massssssssive move. I actually rarely pay much attention to indicators regardless how many I have / most the time zoomed in double clicked in just using volume etc. However, to find end of long term downtrends they can be extremely useful on these. Bollinger Bands...
All, I think we now know the correct AMC pattern part of the thing is trying to figure out what exactly is the supply and demand on these or really any stocks over time. I think we are leaving a diamond top into the larger sym triangle which I guess overall people can call a pennant etc.
All, I think AMC is just bouncing around for now in a rectangle, that being said it actually appears this next test up at 64-65 in theory should break. Regardless we broke out of the wedge so I think we see 62-65 end of week. Obviously this can change given the mindblowing "shorts"
***Wrong or right the point of this post is make sure you guys are on your game and be ready to go into PUTS or cash if something happens don't stay in trades or stocks thinking it will rebound if its a sharp drop on spy and breaks whatsoever down DO NOT hold your losses.*** I will updatel later, but I think we see a ripple after effect of COVID cause issues...
All, Don't get me wrong I love Wayfair, but I have to play both sides. I think this is forming a diamond top here and could crack out the bottom. However, it is a weekly cahrt It think it may bounce up one more time before cracking below. Let me know your thoughts. Diamond tops are tough. Will update later. SPY going below 413 could cause these stocks to drop...
All, I think this has a massive play possible here. Why: -Confleunce support (horizontally) + trend support -Falling wedge downtrend -40MA tight against trend (if you're a VWAP person I'm sure you would see a VWAP play) -RSI/MACD both good Recent news very positive. Looking into options Monday.
All, Hard to predict Nike with the wild quarter as you can imagine I think $175-$200 obviously realistic. 1) Nike was primed to move before hand right angled descending broad wedge. 2) I think we should see $160s 3) Only way I get in this is a retrace from 160s to retest top of highs. Top of wedge in 140s (will probably be instant if you dont get in at the...
All, Patience this has been waiting huge daily squeeze happening waiting to break up
All, ABNB looks good as I previously compared was indentical to BMBL on wave 2 big buy would have big returns and it did. Only question does it break out the top of this ascend triangle here or bounce down one more wave in pattern off trend then break. Need to see next week. Outside factors: -Obviously DJ/SPY tanking is never good for companies overall....
All, I think you see some erie similarities and the extreme HL aka bullish moves and could form ascend bullish triangle here. Earnings is June 29th being bio may or may not matter more than likely nuetral. Regardless solid setup here either way if it pops here and holds the ascend tri / a fall I believe would just set up for the exact same thing which wold be a...
All, Simple reverse of trend down here weekly bullish reversal pinbar actually undervalued 16M float 0.04 Enterprise valuation in other words...... this company has a 95% upside based off numbers alone yikeers...
#1 sell at the top This baby is about to blow up real soon just sell at the top lol
Bullish = breakout this channel retest broadening desc wedge and or speed fan/arc... not looking so hot though. Bearish = keep massively failing fall under this 35K short again and tank further down to 25 or lower. Can't imagine why people like trading crypto.. quite honestly the most boring thing in the entire world.
All, Pretty obvious what happens when TSLA hits this downward trend. I will be buying PUTS .. IF!!! 1) it clearly loses buying pressure 2) no positive news 3) selling pressure 4) BREAK of previous high Any of these not occuring and it finally/somehow breaks it there will be a massive bull run at least 740+ afterwards in which I will be bullish.
All, I think GM is pretty bullish here already in some call options. Of course SPY crashing here / dipping may cause some issues as you can imagine. Have to wait and see. Otherwise I see this ripping once it breaks the channel back to 63-64
All, this chart sucks in all honestly, but think we are looking at a reversal here, needs to hold exact level it's at before moving up or may drop down one level bounce and should break out the top. Either way WW this week/next.
All, AMC far more interesting here if we can break out the top to confirm the ascending triangle. The two fakeout candles also make it seem this way. Looking like we of course would hit 68/70s on way up but the cap would be around 103ish maybe less FOMO. NOT SAYING THIS WILL HAPPEN. We all know how crazy the shorts are etc. Other would be not fakeout candles and...
All, I think ABNB once retraces a tad more will be ready to move up onto wave 3. In the even SPY crashes we may see a double bottom instead. Otherwise I will be adding soon maybe today just depends.