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fizzleblam

MMTLP is a few pennies from a double-bottom at $2.75. I wouldn't be surprised if we saw a small sell-off tomorrow at open to get us there before it gets wild. There's only two trading days left before any shorts trapped in the stock have to get out, so... >.> Microwave that popcorn.

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I just thought this bounce at the 382 was interesting. After the market flushed, $BB bounced hard off the bottom of the rising wedge pattern. Assuming we're not going to see more downside more broadly tomorrow, I'd expect $BB to start moving back up--at least to the middle of the wedge. Just shy of $5 perhaps?

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If you've been in $MMAT since at least July of last year like I have, today is a big freakin' deal. $MMAT is currently up 23% after hours on top of a +14% day in normal market hours. No doubt you're aware the dates were set for the spinoff of $MMTLP into Next Bridge, which has set the deadline for shorts to cover. $MMTLP will be delisted by close of market on...

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In my previous chart on $BB, I wondered if BB would pick a true direction in the coming session and speculated it would be another trend downward. Looks like I was right. I see two possible paths from here: (1) BB walks down to about $4.40 and then starts to move back up slow and steady to the middle or top of the broadening channel; Or, (2) we see a precipitous...

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Look at that beautiful, chunky boi floating free and clear of the top trend line. If you check my previous charts, you'll see the channel for this trend is formed by the squeeze that happened in October of this year. We could always get slammed back down, but I want to believe MMTLP is about to fly.

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Closed at $2.16, a 30% run in a single day Peaked at $2.27 Volume: 67.5 million Hoo, boy, what a wonderful day for MMAT! We're in a short week with a holiday, so I would temper expectations. My guess is they'll have a really difficult time getting us under $2 again, but all of those contracts that will be ITM should help to push us up even more going into next...

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There's a whole lot of open interest on call contracts between $7.50 and $9. Sure would be fun if AMC gamma squeezed with monthly contracts on the table.

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The short term trend suggests a direction will be chosen by Friday and I'm inclined to think BB drops under $4.50. Max pain is $4.50, but there are 9000 call contracts up for expiry this Friday at $5. Should be interesting...

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There's something particularly elegant about MMTLP's chart. Between the upward channel and Fib levels, I love watching this one play out. We're currently forging new all-time highs and don't seem to have peaked in this current trend, so I suspect we'll be in the 10's very, very soon.

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Levels upon levels and all I want is rockets. Sure would be nice if we broke out of this channel.

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My sense is BB is going to swing back down to the bottom of the channel, because why not? Whatever is going to happen it'll happen on Monday. Sure would be nice to see her pop above the channel and keep going...

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Things that make you go "hmmmm...." Weird how literally everything was green today, but $MMAT & $MMTLP were both super red.

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Part 2 of 2: A projection of a possible pattern going into 2023. This assumes $MMAT will repeat the previous trend from 2020/2021 to some degree based on Fib levels.

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Part 1 of 2: Looking at MMAT coming out of 2020 and into 2021 with an eye toward projecting a similar pattern in the months ahead. $MMAT

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At a commenter's request: Lyft has some interesting patterns. It's currently in a bearish channel established at its inception. Given the state of the economy, I wonder if someone isn't accumulating it while they wait for things to "get back to normal." Drag it down, get it cheap, then wait for it come roaring back.

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My friend's parents want to snatch up some META shares, so I took a look at the chart out of curiosity. Feels like we haven't seen the bottom yet, particularly with a broader market crash imminent.

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Is it Monday yet? I wish it were Monday. Earnings next week on Wednesday, one day after Election Day.

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Well $BB didn't go parabolic, but she still wants to get higher. There are key trend lines to cross and we're at a cross roads in the current pattern. But after we break out, I could see her trading sideways before another, more significant break to the upside.