Virgin Galactic, will it do it again? It usually bounces between 60 and 170 percent, previously it has respected the buy and sell signals of the squeeze momentum indicator, if repeated it could return to a minimum of 40 dollars and a maximum to the range of 50-60 during the next quarter.
It has a strong support around $23 and a significant resistance at $35, if it passes it, we should expect a greater rise. And in the other case, if it breaks the support, the next bottom is at 20 dollars, more than that it is practically impossible for it to fall.
NYSE:SPCE
Squeezemomentum
Squeeze Incoming; 2.5 dtc A comp of $T and $VZ's stock. Similar setups, with VZ blazing ahead. $T seems a day behind. You can never be confident when playing short-term moves, but you can see the squeeze indicator Ppppin off prior to VZs move and it's doing it for T now. The rotation favors it, and it looks like some shorts might not have closed fast enough.
www.marketbeat.com
It's enough to place a small bet upon. I'm not a squeeze-hunter, but when it seems to be happening it's good to take a small position.
THE EPIC SILVER SQUEEZE OF CRYPTO I hope everyone is doing amazing I wanted to share this perfect and beautiful chart.
A little about my self I have been trading crypto and don't enjoy publicity but I do love charts and what we have today is an amazing HUGE! BULL FLAG!
Not only is it a bull flag it's a bill flag with a double bottom reversal with a limited supply of beautiful SILVER MOON BALLS!
With everything on this chart SCREAMING to of an Epic Bull run that will surely be recorded in Crypto History.
I have been a fan of LiteCoin for many reasons and let me tell you that this with only 84 million coins ....... Dropping the Mic...
Enjoy
Altcoin Season - Daily Squeeze + Monthly SqueezeAs I have been covering for quite sometime the altcoin market is experiencing a strong move higher, with a powerful monthly squeeze carrying the market higher, it appears that the altcoins are set to get a further tailwind with the presence of a daily squeeze within the firing monthly squeeze.
Daily Squeeze
It is worth mentioning that a daily squeeze within a firing squeeze of higher timeframe is typically a strong continuation pattern, further lending credence to the idea of a period of ETH outperformance to BTC
Monthly Squeeze
The broad outlook of the altcoin market
The altcoin market is completing the FIRST stage of a breakout phase in the market, which is a retest of prior highs, I believe that this is NOT the final move, I believe that this is similar to the period in late 2015/ early 2016 when the alt market started to gain traction.
In other words I see tremendous upside for investors who are able to position themselves PRIOR to the true breakout, as a result I would recommend that investors lookout for opportunities to add to positions, as a brief ease is possible (albeit less likely with ETH breaking to new ATHs).
-TradingEdge
BB Daily with StochRSI MACD SqueezePlaying hype on this. As much as I would love to see Blackberry make a comeback, I don't know if I see it happening. And I am a HUGE fan of the blackberry lineup but to play catchup at this point seems like an impossible hill to climb.
Here is what we are dealing with:
200MA curling every so slightly
StochRSI flat but if you look at just the RSI factor it is WAY over extended
MACD is sky high and not quite turning yet
Squeeze indicator shows a ton of momentum also
How to play:
I am going CALLS on this but I am watching volume. If we still see this as a hype play it's possible this goes on a bit of a run. It's also possible that we can't get the push initially that is needed and $AMC gets all the attention.
Great volume the last 6 days and that candle we ended with on Friday is HUGE and a great positive for the week.
Trade your plan.
$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.
BTC: The selling is probably not over just yetI think that in these scenarios's the squeeze momentum oscillator can provide an interesting indicator.
I also see a Head and Shoulders developing. It could be indicator of further downside (like 2017-ish).
If proved false, then: buckle your seatbelt dorothy, because kansas is going bye-bye!
Easy 10%er upcoming Consolidation at LQDA in range of their all time low after FDA issued the biotech company a CRL due to COVID restrictions. After speaking with regulators at the FDA, The company expressed this CRL had nothing to do with the underlying data. Options activity has been healthy. I believe price will increase from here, which is why I have started a position and continue to add on any meaningful dips (eg yesterday, the company issued PR for $200 mln mixed securities shelf offering) causing week hands to sell. Stop loss under previous low, friends. let’s go!!
Disclaimer: this is not recommendation to buy or sell, this information is to be used for educational purposes only. Trade at your own risk.
BTC - Analysis Below Prior Highs - New ATH's???*The charts are on a logarithmic scale*
Bitcoin has had some very strong price action of late (clearing both of my prior price targets i'll say too), and as my prior BTC piece noted alllll the way back in May that after the $14,000 target was breached we would more than likely see a period of FOMO to prior highs...
...We may very well be seeing the beginnings of that now, as we are currently sitting just below the 90% retracement, which i understand is not a traditional fib number, but i recommend you add it to your repertoire as it is quite useful, but i digress.
With prior ATH's only a mere 26% away (around $4500), it will likely be reached quite soon
I see three possible scenarios once BTC reaches the prior highs
1) 'What resistance?' - price blows through and buying begets more buying before a major pullback occurs (LESS FAVORABLE OPTION)
2) Minor selloff - followed by breakout higher (PREFERRED OPTION)
3) Major selloff - followed by consolidation (POSSIBLE, BUT LESS LIKELY)
The first reason that i expect to see at least SOME selling is the fact that there are undoubtedly people who bought into the 2017/2018 mania who simply wish to be done with crypto (they will call this a suckers rally), but at this point with major institutions like JPM bringing their own crypto products to market and many high profile investors giving glowing praise for BTC, i do believe these to be in the minority of crypto holders at this point.
The second reason is the influx of new traders who have entered the space, from lower prices, will use this as a point to potentially take profits, BUT other traders will very likely use a breakout to new highs as a signal to enter NEW positions also, this then becomes a case of supply and demand at work.
On the shorter timeframe we can see that BTC is quite extended, however it is also doing a good job of holding these gains, should BTC fail to hold these gains (from sideways price action) i expect that a move to $14,000-$13,500 is not off the table.
Overall i expect that BTC will continue to drift higher, potentially to the 90% retracement at $16,360 at which point i would LIKE to see some consolidation or a minor pullback (remember that intermittent and minor corrections are preferred to singular and major crashes).
Finally i will remind readers that the monthly (and fortnightly) squeezes in the altcoin market are nothing but bullish for the overall space, the fact that BTC DOES NOT have similar patterns present suggests that a period of out performance for the altcoin market is more than likely to follow, this also lends credence to the idea of a pullback/ consolidation in BTC around or just above/ below prior highs.
-TradingEdge
P.S. i strongly suggest you read my prior piece on BTC as it laid out quite a nice path for how we got to this point
AAPL to $140 then $86Same with all my other posts. AAPL just hit the top of a trendline. i believe it will consolidate for the next couple days and then run just like everything next week. one last Massive short squeeze bringing this up to $140, maybe even $150. Then the election will ensue and the bubble will burst sending stock back to a more realistic overvalued price. AAPl should head to $100. bottom target is $86
Falling wedge short squeeze should go upNews out there so the companies not stale. AI, curing cancer and all that kind of stuff. Falling wedge pattern with a triple top Low float low outstanding shares we should see this rip up soon
Silver - Quarterly Squeeze Set to FireA squeeze is a period of consolidation prior to a move (usually explosive) in a particular direction.
As you can see, Silver is currently in the beginning stages of firing a quarterly squeeze, this is extremely important as it a strong indicator of the macro environment that we are heading into, namely, one with very high inflation expectations.
This is not surprising given the gargantuan fiscal and monetary spending that has come as a result of the global lockdown.
With this in mind, it is not at all unexpected to see the recent surge in the precious metal.
I believe that we could see this current rally continue all the way up to around $26 USD/ ounce, this coincides with the 38.2% fib retracement and would also mark the last major resistance for silver before working up to $35 and eventually the prior ATH at around $50
I am personally waiting for a bit of an ease prior to entering, as i don't want to chase the move, and i am already well situated for a move higher, should it continue unabated.
For reference, this is the prior quarterly squeeze that fired on Silver.
This is the current quarterly squeeze that fired in Gold.
Do with that information as you will...
- TradingEdge
Staying LongSPY closed up 0.81% yesterday.
Far cry from the 2.84% gain logged by tech mega cap QQQ index.
Squeeze Mom indicator remains supportive for higher SPY.
Support is seen at 313-315 zone.
Europe approved stimulus plan. More wind beneath the wings of markets.
ES futures are up smartly +24.50 handles as of now suggesting a 0.75% higher open for SPY.
DJI end of the upwards momentum & signals for an explosive move!Squeeze Momentum Indicator implies that the upwards retracement after the bottoms has come to an end. However, it has not given a clear signal of the direction of the next momentum in the market. By combining this information with the Volume Flow Indicator (VFI) we can see that the upwards trend is really losing its vitality. Besides this the occurring negative divergence with the price gives a bearish signal that may signal a major negative price move.
However, you should notice:
Divergence isn't to be relied on exclusively, as it doesn't provide timely trade signals. Divergence can last a long time without a price reversal occurring.
About the Squeeze Momentum Indicator
This is a derivative of John Carter's "TTM Squeeze" volatility indicator, as discussed in his book "Mastering the Trade" (chapter 11).
Black crosses on the midline show that the market just entered a squeeze ( Bollinger Bands are with in Keltner Channel). This signifies low volatility, market preparing itself for an explosive move (up or down). Gray crosses signify "Squeeze release".
About the Volume Flow Indicator (VFI)
VFI, introduced by Markos Katsanos, is based on the popular On Balance Volume (OBV) but with three very important modifications:
Unlike the OBV, indicator values are no longer meaningless. Positive readings are bullish and negative bearish.
The calculation is based on the day's median (typical price) instead of the closing price.
A volatility threshold takes into account minimal price changes and another threshold eliminates excessive volume.