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Squeeze

$SNAP Looking to Retest ATH As I updated a short while ago, snapchat did in fact break out of its trading range pushing near the $64 price level, and since then, had a healthy and expected pullback that found support on the top of the channel which is a bullish signal IMO. The price action in the next 2-3 trading days will determine if the market wants to take this higher back towards the $70 range which I believe will show strong momentum at the open tomorrow. I previously had a position in shares, but will instead be doing a multi-legged call position to maximize return. According to the price action in the morning tomorrow, positions I will most likely take are below. GLTA 6/25 $65 Calls 7/16 $65 Calls 7/16 $70 Calls Not financial advice.
NYSE:SNAPLong
by chartxzy
$AMC Bull Wave Incoming?AMC printing a descending triangle, which would be bearish if this pattern was within a downward trend, but this is a bullish formation since we have been making ATH's. My previous idea thought we were forming a bull flag with higher lows, but it was broken which I believe was due to the GME earnings sell off that affected all "meme stocks" as a whole. MACD Looking to make a bullish move, as well as ADX & DI looking for its next bullish expansion. watch for a breakout.
NYSE:AMCLong
by chartxzy
2
Rinse and Repeat ... at EVER HIGHER LEVELNote how this is an exact repeat of late-March. Seriously, E-X-A-C-T. Earnings => Price Collapse => Recovery. (Yes, doubters, recovery has already started.) Let's review the steps: Earnings How it went: March was okay (not good, not bad) news. How its going: This time the news was decidedly positive and promising - fundamentals improved, L/T debt retired, turnaround plan in place, board REplaced, RC established as King/Chair, outlook very positive. Price Collapse How it went: HFs chopped ~40% off price. How it's going: F-ers shaved ~35% off price. Just. Like. Last. Time. Recovery How it went: Have you not been paying attention Apes? How it's going (to go): Do you really think it's going to be different this time ... WHEN THEY STILL HAVEN'T COVERED? What is different between these two events? Apes start $100+ above (80% higher). Apes learn much in three months. Apes developed wrinkles. What's not different? It remains that ... Ape Together Strong.
NYSE:GMELong
by TranceaddicT66
6
$CHPT June Update*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* My team has been swing trading EV sector tyrant $chpt for the past couple months. In this time-span it has continued to bounce from its $20 support zone . The potential is undeniable for an established EV company like $chpt. There is also an impressive amount of option calls which suggests bullish confidence. We recognized the bullish price action of $CHPT and averaged up from our original entry of $22 at $24.35 on 5/30/21. From their the price moved further up and now rests at $28.31. My team has increased our previous take profit target of $31 up to $37.
NYSE:CHPTLong
by SimplyShowMeTheMoney
$CLF closing in on the finish line*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Recap: My teams original entry for CLF is at $13. We averaged up on 5/23/21 at $18.06 and now the stock currently sits at $22.57. Our first take profit remains at $24 (which should hit fairly soon). Once we reach TP1 (take profit 1) we will trim our positions and then close the trade at $27.00 TP2. Congrats to those who took this trade with us. If you want to see more, please like and follow us @SimplyShowMeTheMoney
NYSE:CLFLong
by SimplyShowMeTheMoney
2
$AMC #AMC TA prediction for today and next days and some extraTA on 1 hour candles: After some consolidation in this flag pattern , bullish pennant , it seems the price broke trough and have retested the upper side of this pennant in the last market hour yesterday. Today is probably where we going to see a nice jump. normally it can go at least to $65.46, where the candles closed and opens at the last top. From there we see the top of the spike around $72/73. Between this area the price can show some consolidation, before a bigger jump into the next Fibonacci levels. Important levels are around $80,- and the most important is at $98,-, the 1,618 Fibonacci level. Good to keep in mind is that all the attention for $AMC leaves all the old fashion E/P investors/traders in the shade, there is something that gave this stock a great push and I think, like I've said before, we are just at the beginning of something that probably never happened before. At least not in this size. That is the #Apes. What started with only a few guys is now a global group of people. People, most of all retail people who never have bin in the stock market before, from all kind of backgrounds and all kind of race, color, gender, politic. It looks like all these different people are more united then ever before and we only could hope for. The biggest fuel of this group of people is the unethical behavior of the big players in the financial sector. This group of big players know naked shorting is illegal and most of all unethical, but justify there behavior because of some loopholes in the system. Of course these Apes want to change their lives and are also hoping for gains they have never seen before, but the biggest fuel is the need for change. Change in how wealth is divided, change in equal chances for people, change in how misbehavior will be penalized. No longer just a fine for making millions or billions, despite you know it's not correct and unethical what you are doing by nakes shorting a company aiming for bankrupt and putting thousand and thousands of jobs on the stake for the average Joe. The game need to be changed. The financial game need to be changed. And the time is now. We've seen how things can workout when the system keep doing what it's doing at cost for the working class. Do I have to remind there was a French Revolution between 1789-1799, all because the working class were more then done by being pet by the small group who had control over their lives. I sure do hope we never will see that again! And hopefully this army of Apes can help to show that things need to change. Occupy didn't made it in 2011, but the idea is the same. The (financial) system is corrupt and is not working for all the people, like it should be. I'm no financial advisor and this is not financial advise! But I do recommend every one who agrees with the fact that the financial system need to be revised, and most of all prosperity can there be for every single human on this planet and not only the happy few, please join this fight and buy an $AMC or $GME stock, because these 2 stocks are the main focus of these millions and millions Apes who buying and holding for a good cause. It's really simple, no Technical or Fundamental analyse is really needed. Both companies are doing fine and with re-opening after Covid-19, there is no reason to assume these companies are going bankrupt. Bankrupt is the only way these stocks are going to $0,00, the thing these hedge funds are aiming for, so they don't have to cover their naked shorts and buying the stocks. As long the Apes are holding and keep buying these stocks, the demand will grow and one day the supply is gone. We all now what a higher demand and a lower supply will do with the price... AGAIN, all above is NO financial advise, nor am I a financial Advisor. But I am an Ape, i am holding both stocks and I really do hope Apes can show the people who make the regulations and law that there need to be big changes. The rules which came in place after 2008 are nothing more than a facade. The unethical games and injustice against the working class are still going on. And guess who paid for the 2008 crisis? It was not the financial market, it was you and me and our families. It's time that the real creators of this mess paying for it. #TrustTheProcess #NotTheSqueeze #AMCArmy #GMEArmy #NakedShorting is ILLEGAL and should be penalized with JAIL and not with a fine!
NYSE:AMCLong
by JohanRD
3
$BB Update, Predictions based on Fibonacci LevelsAs I posted the other day, I expected BB to make a move to its next fibonacci zone near 22.00. Resistance was met at the 61% retracement level and it got shot back down to its 38% retracement level after failing to hold the 50% retracement level (15.60's). Bouncing off the 38% level near $13 could give us 2 paths as I show on the chart. Need to break through that 50% Retracement zone for continued momentum and strength upwards. Trade around the Fibonacci zones, and see what works for you. Once you find a price on either a 4 hour or daily chart that you find appealing, once the price is around that level, switch to an intraday to execute the trade based on the best price and entry for that day. GLTA.
NYSE:BBLong
by chartxzy
1
$CLOV Update, Important Current Factors Finally popping like it deserves, options playing out nicely with this one. Very important that we hold around this 10.50 level being the 38% retracement level from the ATH in January. I would like to point out that the short interest is 31% of the float, with insiders not being able to sell shares until $30 a share. There are plenty of really informative DD posts on reddit that I fact checked myself that give all the in depth fundamentals, so I will link those as well. Link: www.reddit.com As of technical's, CLOV showed it could easily break though that 38% retracement level reaching a high today of NEARLY 11.20. The fibonacci's dont mean panic sell if it dips below 10.50, this is a daily chart, so with a close over or around 10.50 today, this would give me a lot of confidence in this reaching the next Fib zone which I highlighted in purple near the 11.86-12.00 range. 10.20 is support for the day today, 6/7. According the research that I conducted myself, as well as others research, nearly 90% of ALL shorts are in LOSING positions around the $11 price range, which can potentially mean gamma squeeze. The company itself has strong fundamentals which are highlighted in the reddit post I linked, once market share is captured and has even a fraction of the what other insurance companies have, this trades near $100 easily IMO. That is WITHOUT the squeeze potential. Fib Zones with my targets, as well as support and resistance accordingly. Z1: 6.35 - 8.95 Z2: 8.95 - 10.57 Z3: 10.57 - 11.89 Z4: 11.89 - 13.20 Z5: 13.20 - 15.07 Z6: 15.07 - 17.45 Positions purchased June 2nd: 6/18 $10 Calls 7/16 $15 Calls 8/20 $30 Calls (Leaps)
NASDAQ:CLOVLong
by chartxzy
4
$MIRM June Update*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Mirum Pharmaceuticals: My team has been reviewing Mirum Pharmaceuticals for close to two months, and despite its poor performance in the past month it remains one of top picks for the month of June. $MIRM is to release data collected on maralixibat on 6/5/21. Tomorrow morning we are averaging up on our positions at $17.00. Our original entry was at $16.30. Short term take profit @$20.00 Long Term take profit $26.00 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NASDAQ:MIRMLong
by SimplyShowMeTheMoney
$CLOV In Depth Analysis & Price PredictionsClover health has quite the catalysts not only fundamentally, but technically as well. Technicals: CLOV has been in a downtrend since early January, with an all time high near $17.00, and all time low of near $6.00. Quite the range. Fibonacci retracement levels can give us approximate levels of support and resistance once a breakout occurs. As you can see, the daily chart here shows a SLIGHT breakout (See B2) above the downtrend, as also seen in April (See B1). Another green candle above the downward trendline would give me further confidence of a breakout towards first $10.50, and then $11.86 following, the retracement levels act as price zones of support and resistance for my trading style. More on technical setup, we have a nice MACD convergence on the 1D chart, forming a nice consolidation for a breakout within the MACD, where I see a bullish reversal that can last long term. Fundamentals: Not going to lecture you on the company, but rather give you some interesting catalysts and factors that will most definitely play into the price. 1. Short interest is over 50% of the float, which to me, gives a lot of potential for a true squeeze, higher than GME and AMC. 2. Because CLOV is a SPAC, insider shares have a lockup as well as a predetermined price that the stock MUST be trading at for 90 consecutive days before insiders can sell. that price is $30 a share. Meaning if they want to sell their shares, price has to be $30 for atleast 90 days. 3. Short positions are in trouble near the $11 level, meaning above $11, nearly 100% of all short positions are in the red, and losing money. 4. Shares available to be shorted as of yesterday was only 600,000. With squeeze potential like this, such a large short percent of the float, and company insiders not being able to sell until $30 a share, expect nothing less of parabolic movement, but the real question is WHEN. Timing this will be a difficult thing to do, but I will be playing this with long term leap options as well as shares for accumulation. GLTA, in Chamath we trust, I guess.
NASDAQ:CLOVLong
by chartxzy
3
$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
$AMC Analysis - Parabolic Movement & Retracement Patterns The chart is relatively self explanatory. AMC has been moving according to its retracement zone levels, we see resistance where there technically should be resistance, and we see support at key levels of the retracement pattern. Considering this is not your typical volatility and case scenario, the price movements are going to be nothing short of parabolic with short squeeze gamma metrics. Gamma in terms of MM's buying shares to properly hedge themselves for options contracts that are ITM, with a majority of contracts being 6/18 $40 calls. With more and more contracts becoming ITM, MM's buying shares to make sure they can "make" the market, AND closing purchases (short covers), parabolic type movement brings us to its next retracement level of 261%, or the price of approximately $92. GLTA
NYSE:AMCLong
by chartxzy
6