IBM CONFLUENCE RESISTANCE - GAP ABOVE - ALL IN ON IBMAll,
I think IBM is primed to breakout big time downtrend is almost broken and would regain a lost massive support of an uptrend. If this gaps or breaks above I kid you not I will be closing other positions and going long call options with 2-3 month expiration on this and scale in every dip this could hit 180s with ease after breaking.
MEME
KURA - UPDATE - ON LONG TERM SUPPORT CONFLUENCEAll,
I think previouis post I had my lines slightly off which of course makes a difference I think we are on confluence support and beyond oversold/downtrend has to at least pop somewhat in my opiniong even if its $4-5. Looking for a bounce soon between weekly/daily change then getting 5-10 OTM options for calls or could do it now with maybe Aug/Sept.
PENN - WAIT AND SEE BIG MOVE UP OR DOWNAll,
PENN is WW here. I need a break both ways to enter unless you want to do a 1:1 ratio short puts to calls same timeframe or short term PUTS and long term calls 2:1 (bullsih bias) overall. Personally just would wait and see.
Bullish Bias- Positive ER not necessarily factored in yet due to downtrend / resistance. Would need to do a ltitle more digging on fundamentals to see if it was already over priced, but has alreadyh came down a bit to begin with. SEMI more bull biased, but see bearish bias.
Bearish Bias- Broke important trend AND looks like a H&S on Daily.
No Apes in this Jungle - AMCThis is pretty savage. The Tiktok and Socktwits promoters likely had no mercy on their followers.
I expect a quick pop retest but that's only going to provide more liquidity for the short side to enjoy more gains.
Be careful who you follow. No one should ever promise you profits.
Next Stop, Shortsville!CLOV has been a failed meme ever since it was pumped to death nearly a month ago. There is no price action, volume or any chance of this bouncing. It would take another combined effort for everyone to pump this garbage back up into the double-digit range. CLOV can't even test the current downtrend resistance line no big fish wants to touch this garbage
AAPL - BULLISH ASCENDING TRI?Looking to follow APPL closer here 3 outcome all bullish (without some crazy market crash). Looks to be a large bullish ascending triangle overall.
Buy the uptrend sell the top until we can break out would be my suggest. If SPY hits where I think it might around 230s maybe less (there is a rising wedge still on SPY despite bullish outlook today).
Will update later.
KIRK - KIRKLANDS LONG TERM UPTRENDAll,
I think we see a big bounce here on Kirklands. Long term up trend support + horizontal support and brokend downtrend with just one more to go. Even a short term option play should pan out to $26 range. Looking for 30+ just have to see. Market as always needs to be on the same side.
HAPP - ABOUT TO BE HAPPENINGNo there is nothign wrong with this stock its a typical bio downtrend. I think this is due for a massssssssive move.
I actually rarely pay much attention to indicators regardless how many I have / most the time zoomed in double clicked in just using volume etc. However, to find end of long term downtrends they can be extremely useful on these.
Bollinger Bands (40 day and 14 day overalapping on bottom)
RSI dead on all time frames
Factors:
-Float 16M when this moves it will move even bigger
-Cash to Debt 18 RATIO. They are not at all hurting for cash in fact did direct offering also. Cash is without a doubt good for future far as I can tell.
-Postitive news / Ecommerce etc. I think it pops VERY similar to WNW
AMC - DUAL PATTERN IDENTIFIED NOW - DIAMOND TOP AND SYM TRIANGLEAll,
I think we now know the correct AMC pattern part of the thing is trying to figure out what exactly is the supply and demand on these or really any stocks over time. I think we are leaving a diamond top into the larger sym triangle which I guess overall people can call a pennant etc.
AMC - PART 4 - LOL 62-65 PT EOW All,
I think AMC is just bouncing around for now in a rectangle, that being said it actually appears this next test up at 64-65 in theory should break. Regardless we broke out of the wedge so I think we see 62-65 end of week. Obviously this can change given the mindblowing "shorts"
SHIBUSDT (Shiba Inu) - Coin of the Week Shiba Inu coin was developed under the pseudonym "Ryoshi" in August 2020. The charming attractiveness of the meme currency, combined with articles and Tweets from celebrities like Elon Musk and Vitalik Buterin, drew in a community of investors, quickly increasing its speed and value. Shiba Inu aimed to be the Ethereum-based counterpart to Dogecoin’s Srypt-based mining algorithm.
Technically, Shiba Inu created a new low on the 12th of June. After that we saw a move to the upside that was sharp and then a very deep retracement. Now the price is consolidating for the next move up. We give a higher probability for the price going higher than falling to retest the low, although we should not exclude that option either.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
W - WAYFAIR DIAMOND TOP? 240-260s?All,
Don't get me wrong I love Wayfair, but I have to play both sides. I think this is forming a diamond top here and could crack out the bottom. However, it is a weekly cahrt It think it may bounce up one more time before cracking below. Let me know your thoughts. Diamond tops are tough.
Will update later.
SPY going below 413 could cause these stocks to drop further/faster than normal
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
VTGN **ON HIGH ALERT** SEE PDSB
All,
I think you see some erie similarities and the extreme HL aka bullish moves and could form ascend bullish triangle here. Earnings is June 29th being bio may or may not matter more than likely nuetral. Regardless solid setup here either way if it pops here and holds the ascend tri / a fall I believe would just set up for the exact same thing which wold be a wider volatile ascend tri as well. Definitely worth watching.