Why So Serious Kenny?I have, myself, full confidence that if all do their duty, if nothing is neglected, and if the best arrangements are made, as they are being made, we shall prove ourselves once again able to defend our home Banana Planet, to ride out the storm of war, and to outlive the menace of tyranny Occupying Tendie Town.
We are going to to Banana Planet based off of my unbiased opinion and technical analysis.
Why? You may ask... Because I'm A Legend And I Like The Stock Thats Why.
(This is not financial Advise)
Memestocks
MMAT - EMA , MA Convergence1 Hour Chart - MetaMaterials in a consolidation phase, which could be leading the next leg up.
50 MA
EMA 100
Convergence.
Ready to Rip
Weekly Bearish Harami at PCZ of Bearish 5-0 on PalantirWe are at the PCZ of a bearish 5-0 and the weekly candle which is currently opened is as of right now a Bearish Harami but it hasn't closed yet but since i like to speculate and get the best price i will be entering a bearish position tomorrow in anticipation of the weekly closing bearishly and i suspect that it will make a lower low down to the 0.886 retracement.
$HOOD cheap upside playCould the broker of the apes get some more action again soon.. hard to see this one settling down forever.. with 30 day HV at 141% and OCT vols at low 60s seems reasonable to buy premium if you believe a bounce is coming.. right sided skew also provides opportunities for call spreads too..
$AMC Momentum and Fibonacci ModelBased on Fibonacci retracements of past moves if have found a range where the daily green candle closes on a major momentum move with volume. Giving NYSE:AMC ’s ability to surpise even the most certain of short sellers I wanted to share this for anyone interested in a great opportunity given the dip today.
UBS Group AG (UBSG.vx)We can found a technical figure Triangle in the Swiss company UBS Group AG (UBSG.vx) on a daily chart. UBS Group AG is a Swiss multinational investment bank and financial services company founded and based in Switzerland. UBS client services are known for their strict bank–client confidentiality and culture of banking secrecy. The Triangle has broken through the support line on 09/09/2021. If the price holds below this level, you can have a possible bearish price movement with a forecast for the next 12 days towards 14.595 CHF. According to the experts, your stop loss should be around 15.485 CHF if you enter this position.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Repsol S.A. (REP.mc) bearish scenario: We can found a technical figure Rising Wedge in Spanish company Repsol S.A. (REP.mc) on a daily chart. Repsol S.A.s a Spanish energy and petrochemical company based in Madrid. It is engaged in worldwide upstream and downstream activities. In the 2020 Forbes Global 2000, Repsol was ranked as the 645th-largest public company in the world. It has more than 24,000 employees worldwide. It is vertically integrated and operates in all areas of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation, and trading. The Rising Wedge has broken through the support line on 09/09/2021. If the price holds below this level, you can have a possible bearish price movement with a forecast for the next 12 days towards 9.128 EUR. According to the experts, your stop loss should be around 9.976 EUR if you enter this position.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Analyzing GameStop GME Stock ChartFor those of you trading the meme stocks.... this one for you.
I took at look at Gamestop (GME)
Here's my analysis...
Watching in the 1 Hour chart.
Positives:
Price is bouncing off lower trend line.
Currently price is hitting previous support.
RSI and MACD reading oversold.
Negatives:
Price met a lot of resistance above $200
Current trend is down
Fundamentals are weak
Price prior to the Reddit move was well below current levels.
P/E is astronomically high at 10,140!!
In comparison, AMZN is around 80... and even that's high.
Opinion:
This is a highly risky trade.
Based on technicals, there is potential for a run-up again to $300-400 range. But this is a huge maybe considering it's majority depends on retail and not institutional money.
If it does run, it will end very quickly like previous runs.
In my experience, market makers like to project possible run up influencing the technicals that retail traders are using, convincing traders of a run before they pull the rug from under you.
If you do decide to enter, I'd look for a current dip to previous lows before entry and have tight stop losses in place. As always, don't use money your not prepared to lose. set your take profit within reason of the upper support and... don't be greedy.
As usual.. this is not investment advice. DO YOUR DUE DILIGENCE!
Best of luck trader!
Berkshire Hathaway (BRKB) breakout the Triangle:The technical figure Triangle can be found in US company Berkshire Hathaway (BRKB) at daily chart . Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. The Triangle has broken through the support line on 04/09/2021. If the price holds below this level, you can have a possible bearish price movement with a forecast for the next 50 days towards 260.16 USD. According to the experts, your stop-loss order should be at 291.81 USD if you decide to enter this position.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
BBIG -- Zooming Out Lots of chatter on fintwit and discord over the past few weeks about BBIG...
I'll spare you the backstory, and assume you've stumbled upon this chart purposefully.
You know there's a merger, and you probably hoped last week was going to bring "more meaningful news!" and thus, "upwards price action!"
"Tiktok!" they told you! Valuation! Billions of dollars!
7! 10 even!! Or at least that's what MrZack and his hairless lizard-person arms promised you.
Sorry, nope. OptionsWolf cut the party short and reminded everyone there was a gap-fill owed around 3.50-3.70 and now bag holders are floating above 4.0 wondering, "wait, we still owe a lower gap fill move... right??."
Well let's zoom out and look. This idea tracks patterns trend lines on the weekly chart, while flagging upcoming expiry dates.
It may be a lazy man's POV (read: I ate a weed gummy), that volume will increase as the expiration date approaches (which will, in turn, affect the momentum of the price action). Actually never mind, BBIG's historical volume data supports that thesis.
Also, did I mention there are still "catalysts" on the horizon?
Despite the fact that no shiny valuation number came out on 6/24/21, the merger IS still on and the valuation WILL come out at some point. I expect the Zash/BBIG folks to milk every last drop of pump they can from "merger anticipation" hype. That means BBIG will grind higher and head back up to test resistance at 6 and IMO, I think it should break through.
But also this isn't financial advice and who the fuck am I, anyway?
I'm still holding profitable options, but I hedged on my commons and I may reload if I get a dip toward 3.75 again. I don't believe in the company, and generally think social media is poison. But also I love it, etc etc.
patrick
Trade Review: How I Traded $NFLX, $BBIG, $ TSM, $WISH,+ LOTTO FRIn this video I will reviewing trades I took on August 27, 2021 going full in depth explaining how I traded $NFLX, $BBIG, $ TSM, $WISH Inside Day, as well explaining my swings I took on the banks and my reasoning behind it .As well the Breakdown trade I posted on twitter and how they worked out and the result of them Traded tickers with a new strategy I been testing with Inside Candles Credit: TW for his indicator and his strategy! Going in Full in depth with my entry, Exit thought process and how I analyze my Nasdaq chart Traded these tickers using my knowledge of technical Analysis , sharing my levels: Support & Resistance , my trendlines , Fibs, Waves, Price Action, Channels , Emma's, and prior experienced , while providing both bullish & bearish scenarios for you to be able to understand my analysis and wait for confirmation as always!
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LVMH (MC.pa) bearish scenario:The technical figure Rising Wedge can be found in French company LVMH Moët Hennessy Louis Vuitton (MC.pa) at daily chart. LVMH Moët Hennessy Louis Vuitton commonly known as LVMH, is a French holding multinational corporation and conglomerate specializing in luxury goods, headquartered in Paris, France. The Rising Wedge has broken through the support line on 19/08/2021, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 38 days towards 594.50 EUR. Your stop loss order according to experts should be placed at 716.60 EUR if you decide to enter this position.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
There's a riot coming... Short Squeeze on RIOTWith a Short Interest of 26% and an active attempt to squeeze the shorts it looks like RIOT could see a volatile move upwards supported by reasonable fundamentals, Bitcoins recent price action, and technical indicators that suggest a reversal.
Setting up to break out of a descending channel/wedge.
F-Score is a 5 with some indication the books may be cooked so this likely isn't a buy & hold.
Price target & stop loss recommendation put this at a 6:1 risk to reward ratio.
Timeline is days to weeks. Watch for a position Monday morning around 10:30am.
American Express (AXP) bearish scenarioThe technical figure Triangle can be found in US company American Express Company (AXP) at daily chart. The American Express Company is a multinational financial services corporation best known for their credit business. The Triangle has broken through the support line on 14/08/2021, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 6 days towards 159.47 USD. Your stop loss order according to experts should be placed at 171.70 USD if you decide to enter this position.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
BB as a distractionI think it's time for BB to pump, after the AMC distraction and the fake CLOVER pump, now it's time for the BB squeeze. 3rd time's a charm.
I'll look at 60$+ for selling. AMC got to FIB 2.618 extension on it's run.
Planning to move profits to GME for the real squeeze.
Good luck, power to the players.
Uuii UbisoftBuying points:
-trend line from July,15
-strong support at 51.14€
-MACD: MA lines extremely under average
-RSI: oversold
Selling points:
-all SMAs above the price
-MACD shows negative momentum
Fundamentals
-selling pressure bc of bad earnings of the gaming industry (take-two)
-seasonal summer impact -> people are more outside, fewer sales
-guidance of next earnings: meh
Conclusion
Technically the stock has a great potential to bounce back to a certain level which I think is 59-60€. So, with a tight stop loss, we are looking for a 17% return.
My strategy, in this case, is to sell the stock when it hits SMAs like 50 or 100 (main goal 100).
You could argue that the share has the chance to get to the upper downtrend line but the fundamentals do not support this theory, not in the short-mid term.
Short opportunities could arrive after we go under the trend and support line (full daily closed candle). This would become approximately 20% down to the next support line of 40€.
As all ways, I try my best to calculate the best risk/reward ratio. If you like my analysis you can follow for more quality content.