GME MOASS SHORT SQUEEZE INCOMINGPlease note i am not a licensed advisor. I study charts with my free time. Im sorry but there is no other way to say it except GME ROCKET INCOMING.
This may be the last couple weeks give or take to get GME at a significantly low price. I myself will be buying.
I hope you all have a blessed weekend!
Shortsqueeze
$AMC Priming for a Boom or Bust? AMC forming a nice bull flag on the 1D chart that I have been watching for a while. RSI on a 1D chart looking bullish IMO with an upward trend in RSI since January of this year. MACD Divergence and consolidation occurring on a 4HR chart, also giving me confidence of a significant move incoming. ADX & DI contractions are healthy signs especially considering we have respected the range of the bull flag with healthy consolidation. Assuming the bottom trendline of the pennant holds, as well as staying in bound with respective moving averages, looks like a pop or drop scenario, but I am definitely leaning towards the pop side, given the technicals. Reminds me of the GME consolidation phase after the pop to 485.
Few ways to play this depending on your risk tolerance, strangles would be nice plays if youre just looking for the volatility. Maybe vertical spreads if you want to take a conservative call option position. I am personally taking the bull side with near the money calls with the most gamma exposure which would be $60 strike calls. GLTA
NASDAQ: WISH - Moving averages on a course to POP price higherBulls are looking for prices to bounce off the rising 10 day EMA while Bears are hoping to push prices lower. There are several technical and fundamental indicators which point to higher prices ahead, but first, this issue must be resolved during trading on Wednesday June 30, 2021.
Predictive Price Movement Scenario for NASDAQ:WISH w/o SqueezeUsing a BARS PATTERN approach we have came up with a price movement scenario based on past behaviors and double checked against trendlines and support resistance to come up with this PREDICTION (blue bars) of price movement for $WISH.
This predictive model does not account for any potential SHORT SQUEEZE or GAMMA SQUEEZE which other experts in FINTWIT are predicting for the coming days ahead. This model shows what is likely to occur WITHOUT the pressure of a squeeze.
Smile Direct ClubSmile Direct Club is a heavily shorted stock and in the top 15 highest shorted stocks in the market. (highshortinterest.com)
It's safe to scale in near the blue trend line with a high risk/reward ratio. Fib 0.618 will act as next resistance and with momentum 0.786 max. since the avg squeeze is 55-60%, so take profits accordingly, instead of hoping for more. Going long SDC is also a good choice IMO, since it's expanding worldwide and the products have a a customer satisfaction ratio as well. If we close above the blue uptrend line on the weekly with a full candle, it's entering a new phase, which is more bullish and would probably scare away the shorts. Until then SDC needs to proof the market they are a key player in changing the way orthodontia works by offering full treatment of oral care with value for money.
Tuesday is the day? - Looks like a new breakout is immanent. Very promising to see a green day after moving to the Russell 1000, normally stocks drop as has been repeatedly by MSM for the past 2-3 weeks.
Large violation of the June 10th downtrend, closed lower but tomorrow it opens above the downtrend.
A further sign of a large uptrend is a sustained push over 230 and especially a close over 230.
Russell monitoring's EFT's starting to load up before July 14th NFT?
Good luck and hang in there.
$WKHS - Bullish Setup with Huge Accumulation VolumeWKHS is one of the most shorted stocks on the market right now, having rough 40% of it's float sold short.
Currently the technical chart looks amazing, with a bull flag being setup on top of huge accumulation volume. The dip was clearly bought, and now we've got a textbook bull flag with a huge gap left around $30 mark. If we breakout there's an extremely good chance we start running. We may may encounter resistance or bounce around 18.60, but above that it's clear skies until we fill the gap.
If we're lucky we may get a front row seat to a potential squeeze as well, due to the high short interest on the stock (not that it isn't justified). We've seen countless meme stocks and stocks with high short interest start running these past few weeks so I wouldn't be surprised to see WKHS follow suit once people catch wind of it.
All in all, we've got a relatively safe trade here. I'll likely enter a monthly position come Monday with a stop set around the 13.60 level. Happy trading!
AMC's Bullish Pennant Breakout ScenarioAMC has been consolidating for more than 3 weeks now.. we've found major support at the $50 level and continue to ride the waves. It is only a matter of time before this pennant breaks out. This isn't over just yet, we are priming up for something big very very soon.. and it always happen when we least expect it.
SPCE receives FAA approval to fly passengersThere is 20% short interest or roughly 34 Million shares short. Options action - On friday, there was buying in the 7/16 $60 and $70 calls. Its also one of most mentioned tickers in fintwit. On the 4 hour chart, vwap is $53. That could be good entry, if it goes to that price. Good luck!
Strength of $WISH Breakout implies 51% move to the upside#WallStreetBets and undervalued meme favorite $WISH
has the potential to reach $21 as it recovers from massive
shorting and naked shorting with the help of #APES and
retail investors. The move could even "slingshot" in the
same way that we have seen other Reddit #shortsqueeze
plays have given that it has been identified as a GAMMA SQUEEZE
candidate by experts at Spot Gamma www.youtube.com
Short Squeeze?So, today's price action was amazing. Here are my take aways:
1- Price fell 7.37% ($2.300) below the trading range. It seems a bit much considering the tiny upthrust. = Bearish
2- Price fell below preliminary support and made a new low = Bearish
3- Monthly support was breached = Bearish
4- Volume is dropping while price increase (divergence) = Bearish
5- RSI divergence = Bearish
This doesn't look like a strong bounce to me. Not buying in.
Ethereum possible bullish deviationYesterday $ETH went and closed below the 200D EMA, normally this is a very bearish sign for at least the short- to middle term.
But following yesterdays bounce $ETH is now trading above the 200D EMA again, which could lead to (when close above) a bullish deviation.
This would probably mean that a lot of late shorters below the 200D EMA will be trapped and squeezed out of their shorts the coming week(s).
DNN UpdateDNN perfomred really well in the last weeks and need to breath again for next run.
The price is again on a support and we are onm a higher level overall since beginning of the year.
Technically the trend is still solid and is running nice and slowly north. The last pattern which brought us $1.50 again is way different as the last one, it looks more healthy and solid - good sign!
Right now the stock is geeting shorted a lot, this can trigger the next bullrun if the shorts are getting closed and other investors take the opportunity to hop on.
The target is still $2.
WISHNot the most ideal falling wedge but it has broken out nonetheless.
While we see a bearish divergence forming down here. This is not to be taken heavily.
Given the insane, continuous volume we have been seeing recently I would not be surprised to see WISH continue its grind higher.
AMC - LIQUIDITY RESTING ABOVE, STRONG MOVE POTENTIAL! 🦍🌕Technical Overview: -
ORIGINAL LONG POSITION:
Stay strong apes!
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