APE - possible trend change at T-90APE share price has been heading down since it hit the market nearly 90-days ago back in August 2022. Some discussions state that shorts may need to significantly cover at the T-90 mark, which hits next week. Not sure if the MMs would be required to close/cover at T-90, due the numerous exemptions allowed to them for "market efficiency" reasons, but regardless the APE chart is starting to look more bullish.
Regression trend on the 2 hour chart along with a few other technical indicators appears to be showing a potential end to the multi month bearish trend. APE share price has started to drift away from the regression center line suggesting a new trend may be developing. Further the Bollinger's are getting tight on the 2 hour suggesting a near-term pending directional move.
Stoch RSI is near - but not yet overbought on the 2-hour chart, and the price can still run from here IMO. The Volume Accumulation % indicator is showing that buyers are finally coming back. Expecting a run to upside on APE fairly soon. No options available on this one. Adding to shares.
AMC
AMC: What if it CORRECTS? Watch these Key Points!• Since our last analysis on AMC (link below this post), it did a powerful around our support level at $5.47. In fact, AMC did a classic false breakout after earnings, just to squeeze the bears in a bear trap;
• Now, AMC broke our target at $6.80, and it is doing a top sign just under the blue area, a key point that did work as a support/resistance in the past;
• In theory, AMC is supposed to correct from here, and in this scenario, the retracements would be our next support levels;
• The 50% at $6.80 (our previous support) seems to be the most powerful support, as it is a dual-support;
• If it loses the 61.8% AMC could easily drop below $5.50 again;
• Any bullish reaction near its retracements could present an opportunity to buy. Either way, if the bull trend resumes, the next resistance above the blue area is the $10.75.
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Waiting for confirm $DJI, plus other positions, 50% cash nowNO GAP $DJI UP so what now?
Looks like there's still momentum, it's early in day
Yesterdays HANGING MAN is warning sign, NOT a reason to go short, let's see how day fares
Waiting for CONFIRMATION
$ATVI is our largest position, rolled 1/2 $TWTR $ there
$BHP
#GOLD #SILVER
Bought $VZ last week
Own $INTC @ 28
$AMC last week
Still have trailer $LEU
Still hodl $CLX $MPLX $KHC
Cash in major account is 50%
In others it's bit less
No "day trading/aggressive" $ used
wut do $APE?Levels upon levels and all I want is rockets. Sure would be nice if we broke out of this channel.
Upstart Holdings - Reddit Is Not Your FriendI came across this stock because of a Wall Street Journal article focused around some meme traders who were holding bags and bullish despite being on the cusp of a recession and a colossal market crash. So I started to take a look at it.
Fundamentally, UPST is down a lot, like all the other r/WallStreetBets and Reddit cesspool pump and dumps. From the description, this stock sounds like one of the many crypto ponzis, except it trades on the NYSE instead of FTX.
This chart is complete only with monthly bars and a small note for a reason. Look at the monthly bars. It's already at an all time low. You really need to zoom out and understand the macro situation when you trade. Otherwise you're just gambling. Just trying to get rich quick.
Trading is self cultivation and you need to take it a lot more seriously, or you'll destroy yourself.
UPST isn't going to bounce. It's going to $0.
Reddit is something you should stay away from. There is a heavy Marxist-Leninist faction there. Additionally, it is not a social media site. It is a social marketing and social influencing site. You think you are looking at other users organically talking to you, but you're really looking at a botnet and a public relations firm who are bringing in dead money to buy whatever bags the advertisers are paying them for.
Anyways, some scary signs on this stock are:
Earnings are August 8
Dip to buy was granted on July 7
Reddit posts like dude with 79,000 shares and a "2.27M bet" on UPST appear
A number of other chatter appear on Reddit around the same time using reverse psychology encouraging bagholders to HODL
Chatter about shortsqueezes
Company had a good earnings in May and fell 35% because it "slashed its outlook."
Q2 earnings were pre-released also around July 7. They're not good, which generated the dip.
Week before earnings it starts to pump, which takes out short sellers
Maybe you think that it will rocketship up because it's down so much
Anyways. You should know that nobody on Reddit wants you to be financially secure, wealthy, happy, and rich.
Instead, they seek to bankrupt you, corrupt you, and have you destroy your life while you hold their bags.
For example, a few months ago, the London School of Business analyzed options trading data using OPRA codes that allowed them to pinpoint retail activity. They found retail lost $5 billion trading options during the biggest bull run in stock market history.
Much of the losses were correlated with times that memestocks were being promoted on r/WallStreetBets. The promotions started when things were already up, so you'd go buy calls on HOOD, it would dump, you'd lose all your money, they'd laugh at you and then go to the strippers.
Google "WallStreetBets and Gamestop Crowd Lost $5.27 Billion" and read the study yourself if you don't believe it.
Be careful.
AMC Share to its Lowest Level Since 2021AMC's share price is on a zigzag path dominated by a sharp bearish tone in general. As the AMC share price reversed from the narrow ascending channel that extended from mid-October to the end of October, and now it continues to record its lowest levels during the current year. Meanwhile, AMC stock is trading below the short and long-term moving averages in a severe bearish sign.
Now, on the daily chart, the RSI indicates that the AMC stock has now reversed a bit from the oversold area but it is still within the negative territory and we may witness more decline before rebounding from this area. Accordingly, if the AMC share price declines below the level of $5.17, we may witness a return to the price of the AMC share to levels we did not witness from the year 2021 at the level of $4.61.
On the other hand, if the AMC share price managed to recover the $5.85 level, then we would target a return to the $7.25-8 level.
While fundamentally, for the third quarter, AMC company incurred an adjusted loss per share of 22 cents versus 26 cents and revenue of $968 million vs. $961.1 million forecasted. According to Refinitiv survey.
AMC: Bullseye! What's next on AMC?• Since our last analysis on AMC, I warned about a top sign at $6.80 (link to my last analysis below this post);
• Now, AMC hit our target with an astonishing precision, and we see some reaction. Could this be a bottom sign? Maybe.
• It all depends on how it’ll react today, and earnings won’t make things easier. If it loses our support at the red line, AMC might retest the $3 area again;
• However, it is trying to do a bullish candlestick today, indicating a possible bounce to our previous resistance at $6.80, and AMC would easily get there if earnings are good (or if the market perceive as good);
• Either way, AMC looks good as it has plenty of upside/downside, regardless of what happens next. Let's just pay attention to the key support/resistance levels seen on the chart above;
• I’ll keep you guys updated on this.
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APE | Swing Trade | LongAMC Entertainment Holdings, Inc., through its subsidiaries, engages in the theatrical exhibition business. The company owns, operates, or has interests in theatres in the United States and Europe. As of March 1, 2022, it operated approximately 950 theatres and 10,600 screens. The company was founded in 1920 and is headquartered in Leawood, Kansas.
APE | Its Going to Be Bananas | LongAMC Entertainment Holdings, Inc., through its subsidiaries, engages in the theatrical exhibition business. The company owns, operates, or has interests in theatres in the United States and Europe. As of March 1, 2022, it operated approximately 950 theatres and 10,600 screens. The company was founded in 1920 and is headquartered in Leawood, Kansas.
AMC: A top sign! What it takes for it to reverse?• AMC is in a resistance área made by the 21 ema and the black line at $6.80 – which was a previous support level multiple times in the past, now it is working as a resistance, following the Principle of Polarity;
• In addition, we see a top sign, as yesterday it did a Shooting Star candlestick pattern, and today it is doing another bearish candlestick;
• If AMC loses yesterday’s low it might drop again to the previous support at $5.47 (red line), resuming the bear trend;
• By losing the $5.47, the next stop would be only at $5 area;
• Could AMC avoid this scenario? Yes, if it reacts quickly and breaks the dual-resistance area made by the 21 ema/black line – preferably closing above it;
• This could reverse the trend in the short-term to the $8.15, our next resistance;
• Since we have earnings in 12 days, this could enhance the upside (or downside), depending on how the market reacts to the results.
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AMC | InformativeNYSE:AMC
we have two possibilities:
1- RSI is low, it's in oversold territory, and volume on the last session was more than average, so I expect a bounce up like a dead cat bounce for adjusting the indicators. If it breaks 21.07$, it can hit 23$ or 24$ as the target price.
2- It can continue bearish price action and hit the following support levels; this idea is valid if it loses 20.03$, then the next immediate targets are 17$ as minor support and 15$ as significant support,
I expect it hits 7$ eventually. But we will see. I flow with the market at the moment; there are many uncertainties.
*This is my idea and could be wrong 100%
$AMC: Long Target 24.64$⚡Inverse Head & Shoulders Pattern forming?
⚡Neckline resistance 13.5$ Supported by Ichimoku Cloud resistance
⚡Bearish Divergence on the MFI, watch for a bounce at the 5.85$ area (huge liquidity zone)
⚡To confirm the Inverse Head & Shoulders Pattern a break of EMA 1 resistance is needed (8.6$ along with EMA 2 resistance, 10$)
⚡Strong VPVR resistance to the 12$ level
⚡Target of the Inverted Head & Shoulders i 24.64$ measured from the head to the top of the neckline
⚡Confirmation of this pattern is once the Ichimoku Cloud is broken forming a right shoulder (engulfing volume)
*WARNING* This thread is not financial advice. I am not a financial advisor.
$WEBR could be a great Swing Trade opportunity $WEBR has been moving sideways in a Horizontal Channel for weeks and currently the price is not far from the lower trendline which act as very strong support🔥
This can be a great swing trade with low risk + high reward (SL is indicated on the chart)
+ $WEBR has a very high short interest of 52% .. so i expect a huge short squeeze 🔥
* don't trade without SL