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MEME

AMC Breaking out on Fibbonacci ExtensionsLast hour of pre-market trading on 28th May has a long wick at the top. Initially I drew fibbonnaci retracement line from the top of that down to 24th may on the hourly. Those retracement levels I indicated on the blue lines. Now however it seems to be obeying the levels if you move the retracement line to the closing price on the same hour. Next breakout would be around 68.95 to look out for tomorrow. I'm bearish on it as its influenced heavily by wallstreetbets, and first pump on the original meme stock GME was shortlived with a timespan of around 15 days.
NYSE:AMCShort
by sevensevenseven777
2
AMC might close above $80Momentum is on its side and whispers are that the shorts have actually been leaning into the short and sizing up hoping that the retail traders have "paper hands". If retail holds, continues the frenzy, the new short positions will have to cover. Not sure who in their right mind would lean into that short but it's contrary to what happened with GME where they got out of their shorts as it went up. No value, just a momentum and short squeeze play. probably best to play it through options so you don't get stuck with stock. Psychologically we always want to see the next round number. Unusual activity in the $73 call options so I think it shoots to $80 briefly after it gets back to its intraday high of 72.62
NYSE:AMC
by EBITDAtiger
Current Market StructureIf bitcoin could resume uppy so I don't have to make bear/bull cases everyday on every TF, that would be great. My meme object tree makes no sense anymore. Should have sold in may and gone away. EDIT: That chart is a bit of a meme but its quite clear, distribution, lost range, bear pennant under range (retest), most likely a move downward again, if it's not a bear pennant, the trading channel is still downward till proven other wise, ichi's lagging line is in the middle of price action (means trend is weak) and the only bull case I can make is accumulation and that still would require more lows
COINBASE:BTCUSD
by swarlsdotexe