Squeeze
Slack Technologies, ticker WORK, is in a Bull PennantWORK is ranging. If we breakout above the pennant, my target is 58$. Probably going to go with a call debit spread instead of buying shares, 1-2 months out.
$BB THE $GME 2.0 EPIC SQUEEZE -- WALLSTREETBETSGOING TO THE MOON
BUY SHARES AND LEAPS. SQUEEZE THE BEARS.
WALLSTREETBETS HAS GOT YOUR BACK
GME 2.0
THIC THOTTY MEMES
EV PLAY
DANK MEMES
BEARS ARE BAD
nuff said. collect your tendies in 2022 or 2023. Calls are still cheap af. Buy some shares to join the crusade.
A quick lesson about crowded shortsInteresting short squeeze on GME, and it could keep going. Up 90% in a single day that was something.
I don't know what % float short number should start worrying bears, it depends, perhaps typically start paying attention above 10%, what is sure is that everyone mindlessly doing the same thing does not work out ever. 138% seriously? These guys are crazy. Asking for it.
Perhaps they mostly use options so they don't care?
I don't spend a whole lot of time on stocks but when short squeezes happen the % float goes down, this is how it was for Tesla, so clearly some people are covering,
or not re-rolling, something is happening, not just MM adjusting.
The Board of Directors had a change, and the price started dangerously going up, bears held the bag, and then got hit hard as happens so often, no one wants to cut losses quickly and miss out a winner, maybe they're under pressure from their clients, or just bad. Not missing winners doesn't make money, I don't get it it's obvious, "emotional" reptilian brains I guess...
Also the price bottomed, then starts making higher highs and higher lows and S&P goes to ath, they don't care they just pile into the short. You don't do this you'll miss out but also you won't lose big as often.
They'll find ridiculous ways to rationalize this "it's ok I had small position size" or whatever. Nah it's just bad. Shorting like a sheep and holding the bag.
It's entirely possible WSB started pumping the stock to create a short squeeze. There won't be any investigation of course as price went up, investigations only happen when price go down.
This business seems really bad, and going to zero, but till then people will throw money into the furnace for a while longer.
Don't reject us, please!What we don't want to see is a rejection at the oppisite site of the Fib Retracement.
A rejection and a subsequent lower low would be bearish, breaking the upper boundary and rising quickly would be very bullish.
I think a squeeze is imminent as short DXY is consensus and we haven't had any meaningful counterrally
Solutions 30 - Recovery to 16€Since the "big short" from Muddy Waters Capital, Lansdowne Partners, and Gladstone Capital Mgt, Solutions 30 seen its market capitalisation divided by 2, based on an anonymous letter, targeting Mr. Gianpebbi Fortis (Solutions 30 current CEO) in some illegal activities (source AFP December 2020)
As a response, the company opened their door to independent audit and brought up a trial amendment to the AMF (French MArket authority) for market manipulations towards Muddy Waters.
As a matter of fact, this anonymous letter - true or fake - allowed several hedge funds to make a +50% profit in few days (www.quivad.fr) by short-selling the share shortly after the letter release.
As of now, short-sellers still have to unwind their short positions, totalling for up to 4% of total supply.
Moreover, even though the letter tends to turn right, at worst the CEO would face legal issues, but the company would still be operating.
Currently price recovery from 10 to 16€ is in progress, while independent audit to be released circa Q2-2021. At this point, a short-squeeze would be expected, and a price up to 20€ would be on the table.
BUY 10-11€ and wait for independent audit release + hedge funds to unwind their positions (see url www.quivad.fr to onitor short-sellers)
TARGET 16€ Q1-2020 to 20€ once audit released.
TIME TO ENTER LONG - GOLD - GC1! - 15MN - HOW I SEE IT RIGHT NOWThank you for your likes, shares and comments. much appreciated!
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Strong Squeeze possible coming, Long direction possibly imminent!
The GC1! price have been ranging a lot and this is how my charts are configured right now. The red lines that it where the market price can possibly break and it is likely to make profits by following trend.
The red horizontal line seen very important moves happening from there. If break there is strong possibility to see the market running to the green horizontal line.
The green horizontal line is probably the strongest support of the market right now. It is a possible great zone for pull back up. If market break, have to be careful of fake breaks. So better observe a bit.
Break of all read lines or important moves will be coming with nice volumes. Possibility of profit by trading on important points and volume change.
This was a quick post as live trading is on.
867 China Medical Systems Breakout / Long IdeaHello Tradingviewians,
CMS has been in a long consolidation to digest lowering growth rates. Additionally it has been under fire by short sellers, alleging CMS of faking revenue numbers.
Should the numbers be genuine, and factors like consistent insider buying suggest it, CMS represents serious value at this point.
Technically, a two year downtrend collides with the support line of the superordinate uptrend. Should ladder win, a short squeeze may follow to previous interim highs. After a phase of returning confidence, all time highs could be reached again.
This is my first published technically supported investment idea.
Let me know what you think.
Thanks!
BR
$DKNG Big Head and ShouldersThere's a pretty good Head & Shoulders on the Daily/Weekly for $DKNG. The right shoulder is surprisingly similar in structure to the left shoulder.. a peak, trough, then lower high. Neckline is a little bit dirty, but then again its COVID so not a lot of us are shaving regularly :)
Today saw a nice spike which MAY be the real move (news that they are launching gift cards for the holidays), or it may be a fake out- which is what I am hoping for. Either way this will be making big move shortly. My hopes is we end the day with a big upper wick/shadow and start TODAY.
The expectation would be a drop below the lower Bollinger Band and ride it down there mostly like a diagonal escalator, as seen previously. $40 is a nice price to hope for.
Options
IV30 Percent Rank is 10% today. Very low and subdued. Meanwhile term structure saw some signs of the beginning of Backwardation- in other words, the nearest expirations 12/18, 12/24 saw an increase in IV, while the mid-terms remained the same and the far-terms actually declined some. What this means is that the tail is starting to wag.
So how do we play this from an options viewpoint?
Long Puts
Vertical Puts
Long Straddles/Strangles or Debit Iron Butterflies/Condors
The 1/15/21 and 2/19/21 expirations have decent option chains, with Earnings expected to be about 2/11/21.
If IV rises significantly and you are strictly long puts, you have a great opportunity if this does make a significant move down as the shares are already Hard To Borrow. On stocks that are HTB if there's enough pressure they can run out of available shares to short or have such outrageous borrowing fees that the premium on Puts grows very high.
Though there isn't much to be gained from selling calls for credits- IV is so low, I have opened some Bear Credit Spreads to offset the cost of Bear Debit Spreads. Theoretically speaking, you're offsetting your loss if this stocks..does nothing. If it moves sideways, the loss on the debit of the Puts are largely reduced.
Good luck and happy trading.
$AMZN - Be Patient, big move is comingIf you are thinking of trading Amazon, the best move right now is to probably not trade Amazon :D
Underlying Stock
What I see-
BULLISH: a nice Head and Shoulders that appeared to FAIL last week, with enough support to stop it from even testing the neckline.
BULLISH: a Symmetrical Triangle with price coming from below, which means this is more or less consolidation before a breakout UP
NERVOUSLY BULLISH: Still -barely- above the lower band of the Bollinger Band. I've noticed that that AMZN more often than not rides the SMA20 on Weekly before pushing off. If the band width was larger and it crashed through the upper band it would have more conviction to make a move down. In this case it seems like a sideways break before continuation.
Here's a scenario from recent history that looks similar to me in regards to price and the Bollinger Band squeezing-
And here's out current one without any drawings for context-
The big thing here is that we are getting ready for a squeeze and a big move. Be it the triangle narrowing down, or the Bollinger band width getting very tight, this range has to break sooner or later.
Options
The Implied Volatility (IV) on AMZN options is not very good for selling premiums at this point. Market Chameleon puts the IV30 rank at 47%, which is low and actually resting just below the HV 252 MA
In other words, options volume (and underlying price) is coiled up like a spring
If you look at the maturity and structure of AMZN IV, it's very much in Contango, basically waiting for the next quarterly earnings report (at the end of January/start of Feb), or some other event
The way I want to play AMZN is to patiently wait for about the $3000 price and either long shares or long calls while the IV is cheap. Set the limits on buying low and let price come to you.
To really micromanage the options I would either buy short-termed calls at the bottom and try to write short-termed calls against them after a day or two of movement up, or buy something like the 02/19/2021 expiration, $3200 strike, and write the $3200 call on an expiration 2ish weeks out, then keep rolling that option out.
(Rollouts are fragile things.. on one hand the closer towards expiration, your short option will plummet in price which is nice, but the amount of juice left to squeeze gets exponentially smaller and your long option's decay starts to outweigh this. Think a $20 option losing 75% of its price in a day-- $15, wow that's nice, but if your $200 option loses 10% of its price in a day, that's $20 lost, for a net loss on the day of $5.)
I'm not a professional financial advisor by any means. The more I learn about stocks and especially options, the more I understand I do not know a lot. I am sure there are people out there who could comment on a number of things said, especially in regards to my options ideas, so please make your trades based on your own research and levels of risk.
MEGA squeeze & MONSTOR BreakOUT>>>>> OUT>>>>>>OUT>>>>>>>>>>>NU / USD coinbase Mega break out in a bullish treand GOing LONG LONG LONG on Dec 8
Pivotal Reversal Grid on The DXY IndexHello. This is a test of my pivotal reversal grid on the dollar index.
Some are predicting a squeeze... while I believe trends are hard to reverse.
In order to base a trade you need to have an idea of where price may stop and reverse. This is the goal of the pivotal reversal grid.
Long #Roku into 294.12Looking at a long into the 294.12 price resistance.
Upper trend line is current support above 273.48
If we drop off that support, id watch 255.11, or the top of the paralell channel outlined.
Id stop out below 255.11 and wait for a new entry on the bounce, or back down the the bottom of the paralell channel
December Squeeze for MSFTNASDAQ:MSFT had a short interest of 1.1 in the month of November. Since the beginning of the month it has formed lower highs and higher lows in resemblance to a wedge. The most traded price was during this month was around 216.34 and I believe that this price being broken along with the ascending wedge breaking, MSFT could chase 221.86 or higher. The CCI sits on its reversal line and many questions still remain, however if there is continued positive vaccine news and the new Xbox continues to sell, MSFT seems to hold a lot of upside at this price.