$amc- The apes might be on to something
Forget what your bias says about meme stocks and check out the support it been building over the last 7 days.
- Super liquid stock
- Perma Bulls, perma bears
- Bears just made all the money over the last 2 plus months.
- The tide is turning technically and bears hate the stock even more, covid is raging., the bubble is bursting ( soon but maybe after this move, Think January de grossing 2020) The "NEWS" is horrible
- This creates the opportunity for a Gamma squeeze on huge volume- NOT RETAIL. THIS IS BIG MONEY
-The thing that gets overlook is the big base on this stock. Old highs in 15' around 36. We have backfilled into trend into that base, with OTM calls becoming very inexpensive as bears think its going to zero.
- THE MOVE happens very quick. About ~7 trading days.
-Put aside the narrative and see where buyers have come in for the last 7 days @ ~60% off the highs.
- Technical indicators very oversold and favorable for a big move
If it happens this trend should reverse somewhere around the top of the channel. Surely the big money will make a killing when the option chain tide changes to favor the bears. RINSE WASH REPEAT.
- Super liquid stock
- Perma Bulls, perma bears
- Bears just made all the money over the last 2 plus months.
- The tide is turning technically and bears hate the stock even more, covid is raging., the bubble is bursting ( soon but maybe after this move, Think January de grossing 2020) The "NEWS" is horrible
- This creates the opportunity for a Gamma squeeze on huge volume- NOT RETAIL. THIS IS BIG MONEY
-The thing that gets overlook is the big base on this stock. Old highs in 15' around 36. We have backfilled into trend into that base, with OTM calls becoming very inexpensive as bears think its going to zero.
- THE MOVE happens very quick. About ~7 trading days.
-Put aside the narrative and see where buyers have come in for the last 7 days @ ~60% off the highs.
- Technical indicators very oversold and favorable for a big move
If it happens this trend should reverse somewhere around the top of the channel. Surely the big money will make a killing when the option chain tide changes to favor the bears. RINSE WASH REPEAT.
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