Daily Candles on AMCDon't shoot the messenger. I am not a professional.
I think you are going to see a breakdown of AMC to about $6.15. The last three candles on the chart is a bearish formation, it recently broke its trendline and there is no buying volume. It is at a heavy resistance at around $9.70.
There is also the subject of parity with APE. Where the 2 prices meet in the middle and trade together. APE is very low right now and if there is a parity it would most likely be in the $6.50 range.
All opinions are welcome!
AMC
Possible AMC BottomWhat I've done is adjust the upper trendline and illustrate the gap down. There was a prior golden long-term demand zone which has been copied down to this adjusted technical analysis.
It looks like there is a rejection off the prior upper trendline that extends back to the gamma squeeze last year. Because the RSI is largely oversold and the OBV is bottoming out, we may see some uptrend here in the short term. But importantly, this bounce is going to illustrate if we will see bullish consolidation or not.
V shape recovery for amc ape's win lizards looseUsing the Log we can see the V shape recovery... we got a little taste of what the future holds. i agree with all the wrinkle brains, smooth brains, tin foil peeps, and company management. these guys tried to sink this stock and retail was not having it. in life you find a movement and get behind it, like bitcoin amc has a culture that will not allow it to go away. it will be here for many years to come, add this to your roth, triple digit price i see. NFA. peace, one day major spike up.
AMC Flat Bottom Triangle PatternNYSE:AMC
AMC since the parabolic move May- June 2021
has been in a flat bottom triangle pattern with "touches"
on both the support trendline and the upper resistance trendline.
In the past several trading days, with the volatility of the APE special class dividend stock,
AMC has gone up to the upper line and now is now again at the $10 range.
The MACD and Relative Strength are weak. This is consistent with buying weakness
and low then selling above that.
While waiting for a true breakout of the triangle, I see a long swing setup
as buying the bottom at $10 and observing for a rise to the upper trendline
with a target of $19. I will set a stop loss below the triangle at $9.50
This would offer a reward on risk of 19X. I well realize that market
catalysts can trump the pattern anytime and assume that risk.
Go Apes !
Blackberry / BB - 'Tis No Bubbling Volcano, But 'Tis a Geyser.I'm not a big fan of the meme stocks and I'm not a big fan of speculating. However, I was scrolling through the charts and I noticed that Blackberry BB had a unique tell in its monthly chart, which I will show inline since I have to make the post on the weekly candles, otherwise it won't display:
Simply put, BB has never broken its pre-meme pump and dump lows from the times it was front ran by the Marxist-Leninist PR brigade on Reddit/WallStreetBets.
It also has three months of relatively equal, subdued prices, before experiencing a small breakout this month.
And this pattern is something of a fractal to what we find in the weekly candles of our good friend BBBY Bed Bath and Beyond, but only on the weekly chart. Note it also never broke its weekly lows:
What's really notable is that Citadel Securities, which is more or less the dark pool market maker that keeps Robinhood, where retail lost $5 billion "Apeing" calls on memestocks during the biggest bull run in stock market history , in business, bought 1.966 million shares of BB, reported in June 30 disclosures.
Citadel also bought 2.265 million shares in BBBY, which was also reported in June 30 disclosures.
I said in my recent BBBY call that the fact that Citadel hasn't unloaded their BBBY bags (yet) is the real thing to watch, while Ryan Cohen's exit was a mere red herring.
All of that is just circumstantial stuff, but Blackberry did break out of its three month consolidation, took out a new high early in the month, and has made a healthy retrace without any particular bearishness:
The July --> August run was like 35%, which is pretty good in anything.
As of now, there's exactly zero chatter on Reddit about BB pumping, except for this one thread titled "BlackBerry is the next play by the apes" from last week, which was downvoted to oblivion and filled with mocking comments such as "Hahaha… how heavy are your bags???" and "People have been saying this since gamestop lol."
I've said repeatedly that social marketing, not social media, venue Reddit will not begin to promote a stock until it has already pumped and you're already paying way too much for options.
You aren't looking at organic posts by fellow college kids, but instead you're looking at a hybrid botnet/public relations firm pretending to be normal people for the purposes of having you inculcate yourself with atheism, leftist Party narratives, pornography, and to come and lose your inheritance to the market makers paying them.
So a lack of social hype, in combination with price action, in combination with Citadel taking a significant position, gives good pause to consider if BB is set for another fat pump and dump style weekly wick that will burn the hands of suckers who buy the tops.
Personally, I think it is, and the target is around $15. I expect it to be the usual lackadaisical long candle with marginal hype and a quick cooling off period that accompanies some other things going moon and then collapsing all at the same time.
So, when you see BB go up, don't chase it. Your "fear of missing out" will turn into an expensive spot on your Roth IRA's shelf.
And my usual reminder: Reddit is partially owned by Tencent, an arm of the Chinese Communist Party. Reddit wasn't your friend before Tencent took a stake, but they're even less anything but a filthy Marxist maelstrom to fall into now that the Evil Party has its hand around several of its ribs.
A Quick Long-Term (100-200 years) on the Dow Jones Index/CryptoPossible situation #1 is for the next 2 decades, we go up and down, destroying most OTM calls/puts and options sellers win overall
option #2, we are headed to a devestating crash
if all of the small caps and even some major mid caps have declined 50-90% over the past two years or so, it could be a tell tale sign for the blue chips/largecaps/etc
I do not see stocks ripping or any kind of bull market coming for a while, too much tension, and imagine if we went to war
however, with the advancement of Web 3.0, AI, VR videogaming, etc. crypto will moon again in the next decade
Thank you,
Please let me know what you think in the comments.
AMC APE They have No Liquidity We are Over Sold and about to BLOW.
NO LIQUIDITY, SECURITY GOLD.
BWahahahahaha
DTCC Scrambling for Liquidity on the Open Market and doing an awful job at it, right in front of the peoples eyes.
You can't do that bs in the dark no more, its 2022 and people are on social media like never before, this is the era of ape like it or not were here and we ain't going no where.
Looking for a Large Move up, after breaking resistance (red line)
crayons are an acquired taste.
this not financial advice.
See you on the moon.
AMC is toast without butter if it breaks $9.71This is absolute critical that AMC can bounce from here or lowest price target $9.71
If it looses support of this area then it invalidates all bullish market structure by putting in a lower low and any sign of a reversal from this downtrend.
If it loses $9.71 then support must hold at $7.53. Failing that I do believe it will revisit $1.94
Sorry to be the bearer of bad news and I know how many of you are married to this junk but the chart is the chart and the price is the price unfortunately.
BBBY to the MOONBBBY was the 3rd most shorted stock as reported by marketwatch 1 month ago, I believe it may be the most shorted stock now when the totals get updated:
www.marketwatch.com
Also yes Ryan Cohen sold, but Jake Freeman also sold $100 Million: www.dailymail.co.uk
this is money and profit that's now sitting on the sidelines.
Freeman said : "'I certainly did not expect such a vicious rally upwards,' Freeman told The Financial Times in an interview on Wednesday. 'I thought this was going to be a six-months-plus play…I was really shocked that it went up so fast.' "
You think this guys one and done, gone for good after this trade? He sold at $27, he now has another $100 million, and he was expecting to be in the stock for several months.
looking at the chart first notice the increase in volume, this is the most volume this stock has EVER seen
when I go on twitter, listen to the radio, watch the news, EVERYONE is talking about this stock
when I look on the screeners for hot stock on tradingview, trendspider, marketwatch, robinhood, etc. THIS stock is on the top of the list. This is generating a lot of publicity and a lot of interest.
looking at the chart, do you notice all the gaps? There's been 2 big gaps or tears in the charts in the last 3 days, that's huge! What are the chances that it fills those gaps?
This last Friday was a doji at the bottom of a 3 day trend and may indicate a reversal.
The amount of out of the money calls to out of the money puts out number puts by about 40% that should mean calls have more to lose at expiration.
90% of all volume all time in BBBY has been traded ABOVE where it closed on Friday at $10
When you look at the daily and weekly charts with this last 3 day downtrend the MACD still hasn't crossed the signal line yet which indicates the overall uptrend is still intact.
On the hourly chart the MACD has just crossed the signal line to the upside.
Look at the upward trendlines , they are still intact and the last close was above the trend line .
BBBY has a ceiling at $30, the current upward trend may form an upward trend to $30 where if it breaks the top then I see it moving with the same potential as $GME or $AMC
If it breaks the top at $30 I think you could see it going to $90 potentially.
as Buzzlightyear once said: "To infinity, Bed, Bath, and Beyond!"
follow me for more hopium
GME Super Bullish For a Friday, that was one hell of a effort to push up,
Even with the news of Ryan Cohens dump, GME pushed up and closed above resistance!
Killing on the 4hr chart!!! Monday I’m All in on GME
In anticipation of APE which will blow HKD out the water!!!
Fintel data looks primed to squeeze
Short Interest 59,908,446 shares
Short Interest Ratio 5.74 Days to Cover
Short Interest % Float 23.63% - source: NYSE (short interest), Capital IQ (float)
Off-Exchange Short Volume 2,241,572 shares - source: FINRA (inc. Dark Pool volume)
Off-Exchange Short Volume Ratio 67.61% -
900,000 shares available at 19% interest
Will it hit $10? Looks prime to hit at least $10 in next week or two weeks. If it closes above $10 then next target is $18 which is rare but not impossible. Will sell if it closes below $7.50 on any given day. Not a financial advice and please do your own DD.
AMC Could hit $14? Naw its AMC DayWe Fell Back below resistance before close, but IDC
Tomorrow Who Ever is Holding AMC will receive an APE on the 22nd!!!
This Will be Monumental!
Even if they don't close?
1. The Buying and Holding Pressure tomorrow will be Extreme!!
2. We will have holders from baby and game piling into AMC
3.For the First Time Ever we could finally expose Synthetic Shares in the Market!!!
4. I would think the 90 million short shares, would at the least have to be covered!!!
$33 with Ease
Win Win Win Win!!! We are Making History & showing the whole world things can change!!!! See you on the Moon.
This is not financial advice
Short Interest 95,091,742 shares
Short Interest Ratio 1.43 Days to Cover
Short Interest % Float 18.45%
Off-Exchange Short Volume 17,363,626 shares
Off-Exchange Short Volume Ratio 59.90%
GME RED DAY Bearish Short Term Pushed Back under resistance, very familiar move with #GME
GME has been in a channel between $47.50 & $19.50
GME is still in a #Bearish Trend now that we have pushed back under resistance.
My first price target is $33.66 hit in the after market
Next $32 OPEN
Next $30.99
Monday $28.99
Possible $26 by Monday
Also Possible we tap $19.60 for the third time and totally break down around earnings, without any critical news
Ryan Cohen 's attempt failed to make an effective dent with the 1 for 4 split. Shorts were still able to hide their position and continue to hold.
There are currently no shares to short, but with the news of BBBY Ryan is feeling suspicious to a group of apes.
Any how remember Stocks fall sharper then they rise!
Ill Reposition Monday or Tuesday after the Storm!
Short Interest 59,908,446 shares
Short Interest Ratio 6.37 Days to Cover
Short Interest % Float 23.63%
Off-Exchange Short Volume 2,247,179 shares
Off-Exchange Short Volume Ratio 47.94%
Bed Bath and Beyond - Don't BTFD - Bye Bye, BBBYI heard on Reddit that BBBY is prime for a major pump because Ryan Cohen talked about spinning Buy Buy Baby off into a separate company, which would in effect create an airdrop of new stocks for holders.
I heard on Reddit that BBBY is due for a pump because Ryan Cohen bought Jan '23 calls @ a $50 strike.
I heard on Reddit that BBBY is due for a pump because 45%~ of the float is short sold.
All of the above are true. However, what I would like to point out to you is a few key considerations:
1) The July - August bottom of ~$4.50 was both extended and precariously close to the 2020 COVID bottom. But they didn't break.
2) BBBY is already at this pump's top at sub $14. What comes after a pump?
3) If BBBY is going to spin a second stock in a few months, there's going to be proper accumulation. A proper accumulation requires you bag holders to capitulate.
4) Jan. '23 is four months away. That's a lot of time for you to hold $10 and $13 bags when this thing dumps to its 1993 low and you need to pay $12 a gallon for gas.
Reddit is not a normal social media site. It's a social marketing and social influencing platform, and one with a heavy Marxist-Leninist influence, to boot.
You think you are reading organic comments from other young people, but you are reading the written vomit of a combination of a botnet and a professional public relations firm that front runs the moves.
The purpose is to drag you in and have you donate your life savings so that someone who looks like Sam Bankman-Fried can pay some creditors and then buy another apartment and a new car after you trade your money for their bags.
Monday could go two ways. One is a gap up over $14 and then a dump and the other is just a gap down that doesn't bounce.
Either way, you're now on the wrong side of history to be buying the dip. Don't buy the dip. Your risk is a ~70% wipeout from the nearest gap. If you bought at $13, well, cut your losses and stop gambling.
Be patient and wait a month or two when everything is scary and the Reddit brigade is telling you that BBBY is a total piece of trash that nobody would ever want.
And remember, Redditors are not your friend. They are Fabians.
GME Cup & Handle Moon MobileGME Cup & Handle Moon Mobile
Is this the Calm before the storm?
Tea Anyone? Its hot!!! #Boiling
Short Interest 59,908,446 shares
Short Interest Ratio 6.37 Days to Cover
Short Interest % Float 23.63%
Off-Exchange Short Volume 2,247,179 shares
Off-Exchange Short Volume Ratio 47.94%
GME I Wonder? Squeeze?GME DOWN BIG, but setup perfectly for a Cup and Handle formation on the 4hr chart
Short Interest 59,908,446 shares
Short Interest Ratio 6.3 Days to Cover
Short Interest % Float 23.63%
Off-Exchange Short Volume 2,247,179 shares (inc. Dark Pool volume)
OffExchange Short Volume Ratio 47.94%
AMC MOASS enough said.Expecting a big bounce in the morning from heavy buying pressure, we are nearing #APE #checkmate
We are trading in an ascending triangle looking to be headed towards $34
Short Interest 95,091,742 shares - source: NYSE
Short Interest Ratio 1.43 Days to Cover
Short Interest % Float 18.45% - source: NYSE (short interest), Capital IQ (float)
Off-Exchange Short Volume 17,363,626 shares - source: FINRA (inc. Dark Pool volume)
Off-Exchange Short Volume Ratio 59.90%
BBBY to the #MoonBBBY is trading within graphed channel, i think we will wake up @ $32 or above!!!
This is far from over!!! lst night we fell to 18.01 and woke up at $30!!!
Short Interest Ratio 0.17 Days to Cover
Short Interest % Float 41.86% -
Off-Exchange Short Volume 66,651,279 shares
- source: FINRA (inc. Dark Pool volume)
Off-Exchange Short Ratio 58.02%
- source: FINRA (inc. Dark Pool volume)