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Memestocks

I'm not an AMC guy but...I check out the meme stock charts every once in a while - not to buy or short, but because they're all interesting phenomenon to me. So this isn't wishful thinking. I'm not a hold till I die guy. I don't even hold shares right now but that is very likely to change tonight. AMC has a completely text book bullish pennant. Tomorrow or the day after it looks like it will breakout to the upside. And this thing doesn't have subtle movements in price... Definition Bullish Pennant: www.ig.com
NYSE:AMCLong
by stockpreacherman
4
Make or Break Resistance PLTRPLTR is back at another high-traffic area of resistance. There's been lots of accumulation between $24 and $25 over the last week or so. But I have a feeling if it can bust through this level, we might see it go back to retest the lower fib. If it can, though, I'm hoping that the next fib higher around $27 is the mark. I currently have a position in the $24 calls expiring July 16th so we'll see if some momo can't squeeze outta this between now and the next few weeks. Obviously, would love to see $26 tested first. Anyone else have thoughts on the 1-month outlook? Has gotten caught up in some of the meme stocks hype but not full ape lol. Also had some good news from the CDC renewal this week.
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by PennyStocks101
Gamestop Volatility Increase Into Earnings ReleaseGamestop will release its Q1 results after market close today. A few observations: - The stocks Bollinger's increased markedly into June as activity and volatility increased. - The 5 Day ATR (blue indicator) shows the impact of this increase, jumping from 14.06 on 24 May to the current reading of 38.97. - Yesterday's candle shows that bulls took price up to 344.66 before losing control to the bears, with the stock closing at 300.00 A lot of attention has focused on GME, especially around its meme activity. Given the increase in volatility, ATR, and loss of control by bulls ahead of earnings make for a very compelling chart. We note that the video game retailer has dropped sharply 9 times a day after it has released its last 10 quarterly reports. The market is certainly looking at the release here with interest and there is certainly the prospect of reward. However, that the nature of the stock has changed given the retail volume of late, this reward must be measured against the increase in risk too.
NYSE:GME
by FXCM
3
GME gearing up for more upsideAs predicted in my older posts, GME is now nearing the completion of the Cup and Handle pattern. This is very bullish, and indicated that it is ready to continue its long term upward trajectory. The long term trend we see with this pitch fork from the ATL to first peak and next low outlines that we should be expecting another test of the top of the 1x trend line at around 760 to 800, and after that, we could even see a run to the 2x trend line like in January at around 3000 to 3200 within a months time. This is the best case scenario. I consider this trend invalidated if we fall below the purple zone between 90 and 80.
NYSE:GMELong
by baumulrich
Trade Idea💡: Ticker (BB) Black Berry 🚀Ticker: (BB) Black Berry : Eyes on BB Above 16.25 with volume . ✅As you can see here we have formed a bullish pennant on the 1 hour backed with strong volume . The red spinning top at supply closed with over 144 million volume . After a healthy retracement to the downside, we were able to find support just below the 9MA (blue curve) where we formed an engulfing bullish pinbar . ✅We also have a double doji inside holding the 9MA (Circled Angle). This tells me that a big move to the upside or downside is approaching. Based upon the previous trend and unusal order flow. I am anticipating a strong impulse to the upside in the near future. ✔️Confirmation: I would like to see BB gain strong volume above 16.25 for an upside move to 18. 🎯Anticipated Targets & Stop loss: Target 1: 16.25 Target 2: 16.50 Target 3: 17.00 - 18.00 Stop Loss: 15.75 🤝Contracts: High Risk- 17.5 BB 06/04 EXP Low Risk - 15 BB 06/11/21 EXP
NYSE:BBLong
by KingJerryB
1
Ticker: (BB) Black Berry - Swing Trade Idea: June 3, 2020 🚀Ticker: (BB) Black Berry : Eyes on BB Above 16.25 with volume. ✅As you can see here we have formed a bullish pennant on the 1 hour backed with strong volume. The red spinning top at supply closed with over 144 million volume. After a healthy retracement to the downside, we were able to find support just below the 9MA (blue curve) where we formed an engulfing bullish pinbar. ✅We also have a double doji inside holding the 9MA (Circled Angle). This tells me that a big move to the upside or downside is approaching. Based upon the previous trend and unusal order flow. I am anticipating a strong impulse to the upside in the near future. ✔️Confirmation: I would like to see BB gain strong volume above 16.25 for an upside move to 18. 🎯Anticipated Targets & Stop loss: Target 1: 16.25 Target 2: 16.50 Target 3: 17.00 - 18.00 Stop Loss: 15.75 🤝Contracts: High Risk- 17.5 BB 06/04 EXP Low Risk - 15 BB 06/11/21 EXP
NYSE:BBLong
by KingJerryB
$BB Analysis & Predictions Based on Parabolic Squeeze MomentumWith BB now reaching a new high since the previous January squeeze, the level reached was approximately near the $20 Level, or the 61% Retracement level. It is now currently using the 50% retracement level of $17 as support for a potential next leg up. If parabolic movement continues in the "meme stocks" , you can look for your next targets of resistance levels near $20 (61% retracement) and then $24 (78% retracement). The zones are as shown on the chart, shows how these fibonacci retracement levels play a significant role in determing support and resistance on 1D chart. My position on this was strictly options, I purchased so called YOLO calls on Tuesday of this week 6/4 $16 Calls - 0.86 /c as well as yesterday at the close purchased 6/11 $20 Calls - 3.30 / c Sold the June 4's for 4.85 at the open today, cant complain about that gain and they expire soon, and I will hold these $20 calls for next week if the current support zone holds. GLTA, follow for more
NYSE:BBLong
by chartxzy
2