34 soon?Imax break above its resistance line and is all set to hit 34 as long as it remains above the current price. All the best.
Not a financial advice.
AMC
GMEWorth a shot...
Current position: Jan 25 22C **small position
This is a higher risk trade, so I'm trading small.
Potential outside week and bullish potential for AMCEntry conditions:
(i) higher share price for ASX:AMC above the level of the potential outside week noted on 23-Aug.
Stop loss for the trade would be:
(i) below the swing low of 19th August (i.e.: below $15.53), once the trade has activated.
GLDGold consolidating. Looking like it wants to breakout here.
Trade Idea: 235C 10/11/24
Stop loss around 230.
......................
AMC bullish Posible bull trap to 4.2 and after that bullish. After a little bit of market manipulation there will be an upside movement
CNK - Cinemark - While they focus on AMC, dont forget Cinemark!Even while the rest of the market pulls back, Cinemark is holding strong. Everyone is so focused on AMC that they are missing out on Cinemark. Cinemark beat expectations in the last 2 earnings. Cinemark is turning a small profit as well. Add Cinemark to your watchlist?
$SPY $537 Fair Value Gap fill incoming imoFVG sits below at $541.61-$536.89 ..... Current 6 count could prove bearish into the 7th count on 10D chart. Very interesting chart showing what would essentially be a Bearish Harami off this Inside Doji. The 10D candle starts tomorrow 7/23 and ends 8/7 so basicaally accumlate as many puts as possible between then and now. If we move above the Open on the Doji at $554.54, then we can start talking about bullish behavoir. For now though, the gap above at $566.7 was rejected and I will be looking for a downside move from here to $540 as previously noted in a recent session. Chao.
PULTE GROUP (PHM), THIS DUDE GIVES AWAY LOTS OF MONEYYou can follow the ceo on twitter.
He often has live streams where he obviously talks about his company among other things.
He also gives away a lot of money. It seems he genuinely cares and enjoys giving away money. It seems partly for his image, but imo, he created a win/win. With the amount of money he has given away, he's earned some good publicity.
(I've never received money as a disclaimer, I mention this because a lot of his twitter feed is about giving)
He talks about GME and BBBY often.
Flys a chopper.
Won't give me a ride.
For his stock.
Honestly, he seems awesome, but his stock is getting to the scary zone.
Now, I say this because even though it is a scary zone, there is a lot of potential upside momentum can carry the price to.
So, earnings on the 23th is important to note.
It will likely have an effect on price. I assume from the looks of things, price might see a decent upside movement to 125-145 range and then see a significant downside before recovery.
I think I labeled most of the important things on the chart.
Breakout for our favorite meme stocks $GME and $AMCTrying to shed some light on the potential path for both stocks and what levels im watching!
AMC - Week of June 17, 2024Its been a while since I published anything. I have been working on getting better at my skills and TA, just to be honest.
Two years later and AMC looks attractive again. Why?... Well it derives from a bunch of degenerate cultist (like myself) who believe in the stock / company, the evolution of what we know as the theater industry, and same fractal patterns reoccurring. Oh yeah, and the correlation of GME and AMC being exact.
So I will approach this PROJECTION (because thats all this is & NOT FINANCIAL ADVICE!) as a sympathy play to GME. See GME analysis on the next post.
I begin doing a top down analysis. Here is the Monthly view on AMC. Currently price closed at 4.99 on June 14, 2024. lol Cant make this up!
I simply see a Dumb Money sequel - Hedgies Getting Wedgies -
Coming to an AMC theater near you.
When we squeeze I see it AMC going to 174 - 154 per share price before it is met with great resistance and pulls back. Here is where the real test comes, we will see if with enough force AMC breaks this wall of Hedgies. Shall it have a blow the top off moment, it needs to stay above 195 to get to All Time Highs!
I could be completely wrong and it goes to zero....
NYSE:AMC
GME & Roaring Kitty! Is party over? Roaring Kitty sold his calls for a lovely profit.
Rolling those profits directly into common shares.
He has no amaased over 9 million shares.
Matching the exact amount of Ryan Cohen in 2020
This deep value trader is certainly not done with this stock.
BB set up for a move higher pre-earnings LONGBB on the 15 minute chart has earnings in three weeks. Price has been meandering sideways
for two weeks after some significant volatility in mid-May. I believe it is now due for a change
of phase/cycle as the earnings approach. I will place a long trade here targeting initially 3.10
just below a significant level to the left being the consolidations before and after the
volatility of mid-May. These is the likely level where traders will again make trades in BB.
The upcoming earnings should add some extra volatility into the price action which could
translate into profit.
$AMC Descending Broadening Wedge FormationOverview:
NYSE:AMC is currently exhibiting a classic descending broadening wedge formation, a bullish reversal pattern that suggests potential upward movement. This setup is characterized by two diverging trendlines, with the price making lower lows and lower highs within the pattern.
Long-Term Target:
Based on the wedge formation, our long-term target is a move back to the top of the descending broadening wedge, around the ~$300 level. This target aligns with historical price action and significant resistance areas.
Short-Term Targets:
Before reaching the long-term target, NYSE:AMC is expected to hit several key resistance levels. Our short-term targets are in the $10-$15 range, where the price is likely to encounter the major resistance trendline.
Trade Strategy:
Entry Point: Look for entry opportunities near the lower boundary of the wedge, ideally around current support levels.
Short-Term Profit Taking: Consider taking partial profits as NYSE:AMC approaches the $10-$15 resistance zone.
Stop Loss: Set a stop loss below the recent swing low to manage risk.
Technical Indicators:
RSI: Monitoring for oversold conditions that could indicate a potential reversal.
Volume: Increased volume near support levels can confirm buying interest and potential breakout.
Conclusion:
The descending broadening wedge on NYSE:AMC suggests a potential bullish reversal, with significant upside targets in both the short and long term. Traders should watch for breakouts above resistance levels and manage risk accordingly.
GME new bullish momentum LONGGME on a weekly chart has clear the chop zone on that indicator and is now above the POC
line of the long -term volume profile indicating that bullish momentum is greater than bearish
momentum. I will take a long trade here targeting the pivot highs of 2022 for three quarters
of the trade and the base of the high pivots of 2021 for the reminder. 21.7 below the POC
line will be the initial stop loss to be moved to break even upon a price rise of 10% from the
entry and then changed to a trailing loss of 10% upon another 10% price rise. I believe that
GME is heavily shorted; Accordingly, a short squeeze could add to the push higher.
AMC PullbackAMC coiling here near a key moving average after pullback from its initial move. Our premium indicator has giving 2 blue continuation signals + GME looks to be in a similar position.
Besides the risk of how volatile this name is, this play also has significant overnight risk. A realistic stop on the position is around 15-25% meaning the sizing has to be very low.
AMC, series of price growth expected.AMC is registering significant net buying at the current levels -- conveying accumulation for a higher valuation.
On the 4h data, 3rd higher lows was created suggesting upside continuation.
Volume has also also steadily increased this past few days.
Spotted at 5.0
TAYOR
Safeguard capital always.
GME Bullish Setup Jun 6-7th Update#GME had a very strong close today, hitting my Main Target box to the penny!
#TTR was long #GME (again) from $24.54, we are 50% out today, near the highs, holding the rest for Friday.
#TTR was also long GME from $13.01 and we exited the most at 64.54, 57 and 51 on the main gap up day!
#TTR is also long #AMC, all the targets were posted
AMC pumps price and volume into fair value zone LONGAMC is on a 4H chart with a set of VWAP bands overlaid In the past two trading sessions price
and volume have pumps and so also the PV Trend indicator. There is no fundamental
footprint on this move. it is a pure meme much like a similar move of GME. I will go long
here hoping to ride the momentum and capture profit. I will set a stop loss fo 10% n
recognition of the volatilit The final target is the $ 120 range pivots of April and
August 202. The initial target is the $35 range of the ranging zone of August 2023. Upon
reaching the first target I will cut the position to 50% for the leg higher. I will cut the position
if momentum fades especially if the volume fades with it. This will be interesting at the least
and highly profitable at the very most.
Analyzing NVDA's Breakout Patterns and Strategic Trading InsightDuring the last breakout, NVIDIA (NVDA) surged by 300 points before experiencing a sharp decline of 134 points within two days. This current situation bears a striking resemblance to the previous occurrence. Reaching 1282 would position NVDA as the most valuable company globally, contingent upon Microsoft's valuation. I possess additional market capitalization levels for comparison with Microsoft. I anticipate NVDA's final ascent towards becoming the world's most valuable company, followed by a significant pullback.
This scenario echoes Tesla's (TSLA) behavior when it announced its first stock split: a substantial run-up leading into the split date, followed by a rapid 30%+ decline over a few days.
Currently, I hold long call options for the upcoming day. I purchased 1200C on Monday, sold the majority, and retained one position overnight. My plan is to transition to put options when NVDA reaches the 1282-1300 level.
Trade Idea: 1200P 6/14 at 1282.
AMC - Signs of Life 👨⚕️Now that the AMC hype train has died down, I can start positioning on some lower risk trades. Been waiting to see this pop.
As long as we dont gap up on open, I'll be taking some here at the 618 - tight stop. If stopped out, will look for rebuys near pivot high. Any break of that and Im out.
Simple. Ez. Smooth 😎
GME Short Sale Volume Analysis: Short Selling Dynamics & Keltner
Overview:
GME is exhibiting compelling signals that warrant attention from traders and investors. We have observed significant activity in short sale volume alongside a notable expansion in the Keltner Channel. These indicators suggest potential market volatility and trend shifts in the near term.
Key Technical Indicators:
Short Sale Volume & Market Dynamics:
Short Selling Explained: Short selling involves borrowing shares of a stock and selling them on the open market with the intention of buying them back later at a lower price. Traders profit from the difference if the stock price declines. This practice is often utilized by investors who believe a stock's price will fall.
Role of Market Makers: Market makers facilitate the trading of stocks by providing liquidity. They are essential in ensuring that there are enough shares available for buying and selling, including those needed for short selling. Market makers often hedge their positions to manage risk.
Short Squeeze Potential: When the short sale volume is high, and the stock price begins to rise, short sellers may rush to buy back shares to cover their positions, fearing further losses. This buying frenzy can drive the stock price even higher, creating a short squeeze.
Keltner Channel Expansion:
The Keltner Channel, which utilizes the Average True Range (ATR) to set its boundaries, is currently expanding at the fastest rate since December 2020.
An expanding Keltner Channel indicates increasing volatility. The last time we observed such rapid expansion, it was followed by significant price action in GME, making this an essential indicator for traders.
Implications:
Bullish Sentiment: The high short sale volume suggests significant bearish bets, which could lead to a short squeeze if the price starts to rise, forcing short sellers to cover their positions.
Increased Volatility: The expanding Keltner Channel signals that GME could experience substantial price swings. This heightened volatility necessitates careful risk management, with wider stop losses to avoid premature exits during volatile price movements.
Hi! this was generated by AI because it's 02:16
version 2.0 if this picks up
cheers
$AMC can this piece of garbage rise?Not of fan of the CEO, the stock, or the company, but I like to take a trade when I see a good setup. This one is definitely on the riskier side as earnings made this one decline right back to support yesterday.
On low timeframes though, price is at the ichimoku support, if price can bounce from this level here, I think there's potential that it could setup a larger move up.
Ideally I'd like to see price break out of this pattern, if it can break over the $6.42 resistance, should be able to see a decent move up to one of the resistance levels above.
