Squeeze
EXORCISM of The SPRTOne of the most heavily shorted stonks, SPRT needs to get thoroughly blown out.
Assuming we get a 200M Volume influx:
Targets are previous years' swing highs and stop is below the anchored VWAP.
GME BULL FLAG UPDATE: SO FAR SO GOODNOT FINANCIAL ADVICE
Previous post called to breakthrough of the flag into uptrend, so far it is in the beginnings of an uptrend.
4 Hour support around $209-210
Resistance around $213
Still hoping for a $220 close for good confirmation of long bullish trend.
So far, analysis is correct, see previous post for bull flag analysis.
ACRX BullishI feel like ACRX is bullish. It is biomed/growth stock season and this one has great technicals and price support. i bought a few.
NAOV BullishI think this company has potential for growth due to its reasonable price, new products, and expanding manufacturing. I think it could reach anywhere from 2.50 all the way up to about 10$ as the analyst target suggest. keep a close eye on this one, i loaded heavy just now. Biotec, pennys and growth stock season also suggest this will pump some.
ZNGA - Unusual call flowZNGA - A video game maker recently reported bad earnings and guided lower next Q. Unusual call flow in Sept $8/9 calls and Oct $10 calls. The OI change for the sept $8 calls was 55,369. Bollinger bands are squeezing on 30min and 60 min. Look for a pop up/gap fill in next week or 2.
TSM bull entry(setup)Although TSM has been consolidating, it has displayed signals of a bullish move. I think we are seeing a great entry to be taken at the current price since we are seen to be resting at a Fibonacci Support for an even greater chance of an up-move. Not only are we testing a support but we have seen reductions in selling momentum, while also getting signs that emas on the Willy may crossover. We have seen TSM continue to test the resistance of 127 so I believe that is a great target for profits, although I believe we are going to break through that since we are seeing a potential squeeze to be had.
Bullish Signals
-Squeeze indicator
-Willy Oscillator
Price Target
-127
AMC - Pushing to the upside of the triangleHello everyone,
I hope you are all doing well!
AMC is currently sitting between the support and resistance of the triangle, however, we have already tested the support 2 times, which is most likely going to lead to hitting the reistance to $40.
After that, we would look if we would bounce to the support to the $30 levels again or break through till $70.
Have an amazing day!
FUTU Greatly OversoldFUTU is resting at its historical support and is also showing signs of bouncing off of this place allowing for major gains to be had. Our Bullish Signs are the %R oversold oscillator about to create a crossover buy signal and the squeeze displaying a reduction in selling momentum.
Bullish Signs
-Oversold, on oscillator
-Squeeze indicator
-historical support
Price Targets
-1st 121
-2nd 133
-3rd 142
-4th 153
-5th 164
Hope you enjoyed and remember to invest safely :)
$PBTS Squeeze$PBTS squeeze inbound, heavily shorted. Check charts and short interest and shares available
Amazon Bullish ConsolidationAmazon has been consolidating for a great period of time indicating that a big move may occur. Using the 4hour time frame, we can preemptively dictate that we may see a move towards the upside. Selling momentum has been reducing while the VPCI has had a buy signal as seen by the crossover. Not only have we seen a buy indication from the VPCI on the 4h but also the 1day time frame. Greater confirmation for this play would be to watch the daily time frame for reducing momentum. I think a target to 3560 is great since that is the monthly resistance but it is best to only sell when given a sell signal.
Bullish Signals
-Squeeze indicator
-VPCI crossover(4h and 1day)
-Oversold Willy oscillator
Price Target
-3,560
#DJI: DJIA leading the charge?We have an interesting situation, at least for the following 6 weeks...After the jobs report, the market is repricing the timing of tapering and eventual rate hikes it would seem. Financials had underperformed for some time, and $QQQ and $SPY moved higher thanks to growth names regaining strength, while bond yields were falling and a big unwind of losing yield curve steepener bets were unwinding. I had pointed out the strength in growth and bonds before, and rotated away from value and financials/energy when I figured out the reflation move had ran its course.
At least financials are prone to do very well for the next few weeks, as the weekly uptrend in $TLT expired, and predicts a 6 week sideways or down move in bonds, which is connected to mean reversion following a furious move caused partially by the unwinding of big yield curve bets. News of the hedge fund that took the hit were recently published, which made me think the move in the yield curve is overdone and bound to mean revert. This will favor US banks for some time again. We also observe this behavior in the $DJI chart here, and the $SPY and $QQQ weekly charts.
Both $SPY and $QQQ have weekly trends that expire in the next 2 weeks, which can lead to a sideways or downside move after the last short term upswing takes a breather.
I'm still bullish longer term overall, in names like $AAPL, $TSLA and $NVDA to name a few, but they might correct or consolidate in two weeks, while US Banks soar.
The trend will likely go back to lower bond yields and outperformance of growth later on, but for now it is the time of the $DJI to shine over $SPY and $QQQ, specially in 2 weeks from now.
Cheers,
Ivan Labrie.
PYPL in Buy ZonePYPL recently bounced off of one of its Fibonacci supports and has an overall great uptrend. The 4h time frame indicates a bullish squeeze to be had, following the buy signals given by the Willy Oscillator and the VPCI. If you want greater confirmation regarding this play then I would wait until we see a official reduction in selling momentum on the 1day time frame or wait until we hit support once more. Overall bullish on PYPL and expect a swing to the 310 price target.
Bullish Signals
-Squeeze indicator(4h)
-Willy Oscillator
-VPCI
Price Target
-310
BAC Bullish Trend(Update)BAC is slowly forming signals that may suggest an up-move to be had. Currently I'm making this TA during market hours so I suggest you wait until market close to see if the TA still holds up. I believe we may see a move to the 44's since we are seeing a ema cross form on the Willy Oscillator. Not only is the willy oscillator forming a trend, but the squeeze indicator shows reducing selling momentum. If you are a more of a risk aversive trader then it may be wise to wait to see a confirmed squeeze or to wait and see if BAC comes back to support.
Bullish Signals
-Ema cross(willy oscillator)
-Squeeze indicator(reducing selling)
Price Target
-43.43
NIO bull-run will continueNIO on the weekly already fired off a squeeze, but in order to see if that squeeze will continue, we need to look at it from the daily time frame. On the daily time we can see that a squeeze and a crossover via the oscillator is about to occur. I think this is a great time to enter if you are later than others regarding NIO.
Bullish Signals
-Squeeze
-Crossover via oscillator
Price Targets
-1st 50
-2nd 55
NVDA BreakoutNVDA is primed for a bullish breakout. The squeeze indicator is displaying a shift to bullish momentum, while the oscillator is about to display a ema crossover, allowing for a preempted play to the bullish side. Not only do we have two indications of bullishness, but we also have a stacked ema allowing for a great bull squeeze.
Bullish Signals
-Squeeze indicator
-Oscillator crossover
-Stacked ema
Weekly Support
-1st 194
-2nd 180
KOSS and 85-day cycleKOSS chart shows ~85 days between the two most recent highs i.e. March 10 to June 2.
And note that 85 days from the last low is today August 4th. Let's see if KOSS takes off soon.
My thought is it will move up starting next week on the 9th or 10th, however the BBs are really tight in multiple time frames and KOSS is squeezing into a long term triangle.
Tick Tock.