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GME

ABNB - WHERE THE HATERS AT? LOOKING FOR 160PT - ASCEND TRIANGLE All, ABNB looks good as I previously compared was indentical to BMBL on wave 2 big buy would have big returns and it did. Only question does it break out the top of this ascend triangle here or bounce down one more wave in pattern off trend then break. Need to see next week. Outside factors: -Obviously DJ/SPY tanking is never good for companies overall. -Breaking below 2nd yellow uptrend (in pink would be a small put position for $10 150 to 150) Do not think this is likely at all though
NASDAQ:ABNBLong
by DigitalData
The battle for GamestopI don't believe GME is a coincidence, not with each arc of the story being revealed in such perfect symmetry. See my last idea of an inner and outer symmetrical triangle breakouts . Player 1: The Shorts . Hedge Funds, Mainstream Media and Wall Street Banks. Player 2: The Longs . Michael Burry, Roaring Kitty, Ryan Cohen, Gamified Retail Traders and Apes in Spaceships. This idea is a large symmetrical triangle pattern with two converging trend lines. The breakout price at $250 in August with an upwards target of $728 and a downwards breakout of 0. The date lines are a T+21 cycle from DD found on /r/wallstreetbets and /r/superstonk. Sun Tzu: If it is to your advantage, make a forward move (Buy GME); if not, stay where you are (Hodl GME). Move when there is advantage to be gained (Buy the Dip) and where this outweighs the ever-present risk of moving (covering shorts).
NYSE:GME
by SPYvsGME
3
PLTR - DELAYED ROCKETContrary to what the loudest Karp fanboy is saying, this stock (and other similar ones... QS, SPCE, CCIV) are still correcting. But there's plenty of opportunity to make GAINS. I show a clear 5 waves down which would be completion of A to the 786 retracement. You broke divergence which is more evidence of a C leg down. Clear EW subdivision shown. Right here we see an inverse Head and Shoulders pattern forming. NO - iH&S does not always mean bottoming pattern, it is just something to look for to know how to trade the neckline. In this case, we are anticipating it to serve as the bottom but FYI HS and iHS is never absolutely a bottoming/topping pattern. We anticipate the nearest high before the head to serve as the neckline. We see that w3 failed to hit the 1.618 extension, so we don't expect w5 to hit the 2.272. However, we notice it failed to hit even the 2.0. For this reason, I wouldn't be surprised if we poked above the neckline for a relative high up near $27. But we don't care. We are not long currently, and not interested in longing with this type of uncertainty and RR. What we are interested in longing on a retracement which we would expect with the completion of this impulse. Keep note of the inverse HS pattern with defining neckline and slope to to serve as reactionary points. Sometime you get false breakdowns of the iHS because everyone is watching it. I expect something similar, but will continue to monitor/update as subdivision plays out for this small ABC. Target $23 for a retrace to land on top of a pretty critical defining channel line (red). SL at $21.50 marked by critical price level (somewhat critical, somewhat arbitrary... need to define the trade some way to stay diligent). For this last leg, I really like the $30 target as you have a critical price level. There's also confluence by the 618 extension. However, typically we see ABC's play out to the 1-1.272, so that target is also listed near $33. It's going to take a lot of momentum to get up there. Targeting $30 gives a 4:1 RR which is favorable. Playing this with normal shares because why would you need more than a 25% gain capped at ~6% loss?
PLong
by warrenbudget
7
GME - On the Verge of Bullish Breakout?I have been tracking GME closely for the past couple of months and want to share some developments on the chart that I’ve noticed so far. Looks like we have been moving within an ascending triangle pattern since March, and are currently in the process of completing the handle portion a cup and handle that also started forming I during this time. We are currently in a falling wedge pattern and coming close to a bullish breakout, which would coincide with a breakout of the handle. To make matters even more convincing, there seems to be a small inverse head and shoulders pattern forming inside the wedge which can be more clearly seen on the 15 minute chart, which could possibly be the move to cause a bullish breakout of the wedge pattern as well. If we do see a bullish break of the wedge, we may be on track to testing the resistance level of the ascending triangle sometime towards the end of July / August. Breaking this resistance could possibly push us up over the previous ATH and put us into price discovery mode by Fall 2021. GME board has been relatively quiet on what they plan to do moving forward, but I expect more news on the growth of their esport prospects more than anything else, since this was a major focus in the rebranding of the company. If any esports news is released it would make sense for it to be announced during the lead up to EVO 2021 which takes place mid August (falling in line with the time frame of the expected breakout of the triangle). TL;DR: Quite a few technical indicators pointing to a bullish break. Expectations of esport news could be the catalyst to make it happen. Best of luck to everyone
NYSE:GMELong
by NavinReza
3