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Wendy - Burgers got reddit's recipe 💪-Nothing changed overnight’ to make Wendy’s a better bet, trader says as stock sees Reddit interest -Shares of the fast-food chain surged about 26% to records on Tuesday after a post in Reddit’s popular WallStreetBets forum pitched Wendy’s as “the perfect stock” for the group on account of its signature products and “effective” social media presence. -It’s the latest so-called meme stock that has captured the group’s interest. The growing list includes GameStop, AMC and Bed Bath & Beyond. -“I think the reason the Reddit crowd is pushing it up today is because the retail share float is pretty small in Wendy’s, but I can guarantee you nothing changed overnight to change the fundamental story,” Gradient Investments President Michael Binger told CNBC’s “Trading Nation” on Tuesday. -Though the company has a “decent business model” and can take advantage of the economic reopening, its stock is trading at a notably high price-earnings multiple for just 3% sales growth, he said.
NASDAQ:WEN
by caldooninvestment
1
GME 3 possible Algo KeyCodes MatchI made a key code of the price action then found an exact match to this move in the past.... one that matched at lease 95% or better. That way if the move is that close to the same shape we have now it must mean the sentiment of the market was the same at that time. Therefore, the outcome should be the same coming out of the move. I then used PTP which is Past Trend Prediction by tracing the trend it made after this move in the past and projecting it forward on to the current move. Then I took the same move on the Daily which is a different Time frame then the first..and found the same move with out a key and traced its path and projected it forward as well. Sometimes I use about 5 other Price Action tricks I have have developed over the last 10 months or chart out the Curve and what Stage it is in. The Curve is my own brain child and I compare that to Wycoff method. Taking all of these into account You have several different approaches to confirming direction and intent of the institutional buyers and where Retail resides during this move. If you would like to have more information or videos on Any of the ways I chart pls comment below. Like, follow, Subscribe...share. Thank you, iCantw84it 06.07.2021
NYSE:GMELong
by iCantw84it
1
$GME - Is it go time? (Not a DD post)Hey all, Not a DD post as i think the rocket is on it's way up already, so what's the point right? I think we're in fact trading on Max Pain even though many people (including myself previously) are now convinced that we're not. I've collected my own Option Flow data and compiled it and realized that the max pain for the OI of the past 2 days is $290. For the price to drop significantly today there must have been new excessive call/put buys or actually contracts being closed due to the new OCC-003 coming to effect today which increases market makers collateral requirements for options. This would mean it would be much harder for them to keep kicking the can down the road using deep ITM puts and married puts. I speculated that there would be a sort of flash crash when wer'e near $300 on one of my reddit posts 1 day before the actual mini flash crash from $292 down to $260 happened. This assumption was based on the HUGELY uncommon amount of ITM puts at $300 purchased on the 23'rd of May for $61 million premium dated to expire in 2022 and 2023 January (lmao). My assumption was that somehow exercising these would flash crash GME, but i think that's completely wrong, i think what actually happened was that they dumped/closed those contracts yesterday with something like 95% loss which caused the other side of the trade (algo) to dump the shares it was hedged with and this was likely the reason behind the drop from $292 to $250 ish yesterday. Today 3'rd of June i assume the reason why we're a bit down is that because more contracts are being dumped due to OCC-003 coming into effect today EOD. If they don't dump them, it'll mean insta-margin call tomorrow, so they have to dump them or at least that's the assumption i'm making. By dumping those contracts they're severly affecting the Max Pain point between call / put open interest for GME which is likely the reason why we're moving so erratically. Jefferies has also restricted short sales on GME today which is quite funny because of it's timing with OCC-003's arrival today. It says a lot. I think the rocket is off and is only a few meters/feet off the ground right now. If these levels at $240-$250 hold and we bounce off upwards from here then that's fantastic news because the GME chart is likely to be fully vertical by the end of June as the price is moving up logarithmically right now and that's bloody insane. ~$250 is the bottom of this logarithmic/exponential curve. Let's see what happens, strap up, lay back and relax and prepare yourself for a generational wealth transfer. I'll be doing a DD write-up later on as i have too many theories on how they've been able to game the system for this long and how it's coming to an end for them due to the recently introduced new regulations under the SEC, FICC, DTC, OCC, NSCC etc. I've contacted the SEC in regards to the deletion of regulation SR-DTC-2021-005 and requested a FOIA update on it. This should get the wheels turning and questions asked on who deleted this 1 regulation that literally kills share rehypothecation.
NYSE:GMELong
by leenixusu
4
$PLTR Re-emerging bullish behaviorHello, $PLTR appears to be re-emerging as a bull on the 1D and 4HR charts. The on book volume is increasing so someone is buying an holding at this level. The price average is also pushing closer towards MACD 0 which could give rise to a bullish uptrend once again. This will probably take place across June. My best guess is that we could hit as high as 26 by end of june. Higher, if reddit jumps in. This is a long time favorite of reddit so I wouldn't be surprised if it gets a little nuts. CMF is also showing a push of money over the last week into PLTR which makes sense alongside the OBV. The money that's being put in now though is starting to raise the price so I would argue that at least a short term--possibly long term--bottom is in. Where it goes from here, probably a slow gain towards a bigger burn. Best of luck. As always, I only provide ideas. I am not responsible for your profit or loss. Trade carefully and at your own risk.
PLong
by tay_tay86
[STOCK] GameStop (GME) Cheat-SheetThis chart is basically saying that the price of the GameStop stock is still accumulating with decreasing volume on the NYSE. We see the price reacting to either the Support ($140.00) or the Resistance ($190.00). From a technical perspective, there is no advantage in trading within the pattern. You will have a great Risk/Reward ratio after the price breaking out of the structure. There are (obviously) two possible scenarios. The current sentiment is pointing towards a bullish scenario, which can be confirmed be looking at the MACD (Moving Average Convergence/Divergence) and the RSI (Relative Strength Index). The average price is increasing while the price is going in a sideways movement. In this case, we see buyers being active on the market without being able to spot it in the first sight. For a proper breakout of the horizontal channel, we want to see increasing volume and a strong reaction at the support/resistance. This is my personal confirmation for loading more stocks. If the price moves past the $140.00 level, I will look for a lower entry around the $100 level. Feel free to check out my previous GME analysis as well
NYSE:GME
by Anton_XBT
8
$GME - FTD Reset Cycle UpdateHi all, None of this is financial advice. I'm not a financial advisor. Looks like my last prediction based on GME's FTD reset Cycles was correct give or take 1 day (I called May 14, but we actually saw the movements on May 13). Because of this, i'm taking a second stab at calling the next FTD reset cycle/s. I've highlighted the previous cycles, how they've supposedly ocurred and their results. I've also added the future reset Cycles and what to possibly expect before and after they occur. Keep in mind that the GME wedge ends somewhere around the 5'th of June, so i've flagged all FTD reset events around that area for your viewing. 1) Keep in mind that the FTD reset cycles don't equal squeeze territory. At this point in time they indicate periods of "interesting" price movement. 2) There was interestingly high amounts of shorting that is extremely visible (to me at least) for this last T+35 period (Pink Colour) which to me indicates desperation by the shorts to bring this down and/or them knowing we're near the end so they're rattling the cage they're locked in trying to get out... I don't know for sure, but that's what the pink colored parts of the chart are telling me. It's the first time they didn't reset FTDs before T+21 but instead re-shorted more with the intent of resetting at T+35. If that drastic change of tactics doesn't indicate desperation, i don't know what does. 3) I've drawn with Red/Green lines that indicate the possible directionality before/after the FTD reset cycles. These are quite guestimated and it's my first time trying to guestimate the direction before/after an FTD reset based on past directional changes, so don't take this data seriously. It's more of a first test for myself to see the accuracy of my current guestimations. I'll be improving the accuracy of these guestimations/data extrapolations as time progresses. To be honest, i don't think this will drag on so long that i'll have time to gather more data to extrapolate more accurate direction movement during/before/after FTD resets, but ok... whatever, you never know. 4) A large enough runaway price move that cannot be controlled by the shorts is all it will take to get this train going. We don't know when, how and what will cause this. All we need to do is hold and wait. 5) Possible catalysts still include: Ryan Cohen exercising his right to buy +7 million more shares. He can likely exercise this after the shareholder meeting. Overvoting (More votes than share float). CUSIP change? (Unconfirmed, my own theory) Share recall (Unconfirmed, my own theory) Share Split (Possible, but unlikely to happen due to financial requirements) Dividend (Possible, but unlikely due to financial requirements) Joining a new Index like the Russel 1000 or others (Unconfirmed, my own theory) Shorts capitulating (Possible, but will take patience and holding as the shorts are bled dry) Right now there's nothing else to do with GME other than to buy and hold. None of this is financial advice. I'm not a financial advisor. I'm just a guy from a village that's owned GME since January for his entire life's worth & more who's done endless due diligence to be sure his investment will pay off.
NYSE:GMELong
by leenixusu
6
$GME - They are now shorting while resetting FTDsHi ya'll, I'm not a financial advisor and this is not financial advice. I believe i've refined the T+21 and T+35 FTD reset cycle down much better and i'm able to give you a better visualization of WHAT I THINK is happening. Obviously i can't prove any of this. Obviously i don't have access to Citadel's or Bill's Family office to check their positions, so yeah, i have no proof. That having been said, i thought of starting to count the T+21 and T+35 cycles that Market Makers are allowed to leave an FTD in limbo until they decide to properly deliver and close it or reset it (e.g kick the can down the road) by borrowing shares from their buddies or buying deep ITM options. In February - March I'm see that 2 days before T+21, there's movement. Usually it's up by quite a bit. I'm also seeing that between 6-10 days later just before T+35 hits, the price goes up again 1 more time. I suspect that some family offices (not Citadel) were covering here. In March - May I'm see that 2 days before T+21, there's movement. Usually the movement is DOWN, so it's a dip. I'm also seeing that between 6-10 days later just before T+35 hits, the price used to go up by a bit, but now on average it remains constant and doesn't move up or down by a significant amount. What are they doing? Based on what i see on this chart, i believe that in the T+21 period that happened yesterday 3 of May, they also shorted GME. We know this by the data from fintel, gme.crazyawesomecompany and other borrow info sites. Today they returned those borrowable shares which indicates they were done with their current T+21 shorting. I believe that on T+21 there's bullish momentum from minor covering (because they can't fully cover at these prices) and they suppress the price by borrowing and shorting GME. With this theory and their borrowing habits, everything makes sense suddenly. Additionally, right before T+35 (around T+25-30) they tend to do another minor round of tiny tiny covering which they also try to suppress but can't fully do so due to them having used all the borrowable shares they previously spent 1-2 weeks accumulating to short the T+21 cycle down. This is why right before every T+35 the price returns back to the price it was before they shorted T+21. I've marked with a flag every impotant moment in time where there was GME momentum up or down. I also marked the points in the future that will have moment up or down. Important dates: May 14, May 24 and June 3. Incidentally, their last T+35 cycle ends exactly on June 7. On June 9 it's the shareholders meeting for GME. Nice timing. They want to milk this cow as much as they can till then. The horrible mistake they're going to make from today onwards is that IF THEY SHORT GME AGAIN TODAY ONWARDS... well the T+21 and T+35 for those shorts may fall within a possibly bullish period for GME because 9'th of June is Shareholders Meeting and earnings. You don't want to be caught doing minor covering/shorting within a bullish period especially for GME. If your covering creates even a bit of bullish moment, a tinkle of fomo from retail can ignite a rocket they never expected to go off. I believe they are greedy and stupid, so they will continue shorting even after today. I personally "want to" believe that May the 14'th is the day, simply because this day coincides 100% PERFECTLY with January 28'ths Mega Mega Mega huge amount of FTDs that were supposedly not closed, but only reset. How does it coincide with the 28'th of January? Well, From January 28 to May 14, the T+35 rule perfectly fits 3 times. Also on this date, we're 2 days before T+21 for the previous shorting period and if you've been reading, that means GME will move down or up due to minor covering or will go down because they'll short more. So it's a double whammy. It's BOTH the next T+35 period where all of the accumulated FTD's from January are going to be reset and some are bound to leak through while they might use Deep ITM calls to reset them, on the same day, they'll have the option to also cover the past T+21 shorts of approximately 750k-3mil shares. Don't get hung up on dates. Be responsible. Temper your expectations. Be wary of the date yes, but don't overhype them. No one can read the future. This is an educated guess based on the past and i'd like to believe it's accurate. Look forward to the date, but don't create a hype bandwagon otherwise when nothing happens on the 14'th of May, you'll be disappointed and cry in a corner in fetal position because you overhyped this DD.
NYSE:GMELong
by leenixusu
13