Will AMC do what GME did?One of the largest theater chains in the world took a beating with their financials due to this pandemic. If you are optimistic and enjoy the cinemas, you could think that with vaccines and a possible healthier post-pandemic world, where everything goes back to normal... that AMC can recover. Which is certainly why I have this in my long term investing portfolio. However this is very risky as they are on the brink of bankruptcy, a major business plan revision would be needed. Now... recently it was up nearly 7% Friday with no related news to the business... over 100 million volume came in (3-4x avg vol), this could be the pump situation that happened with GME and we could see a big move coming shortly so this gives couple lotto options that i would consider
1) Buy shares here, sell at the possible resistance I have on the chart or ride it up to my pt (medium risk: low reward)
2) $1C for 1/2023 now around 200$ (I'm already in, low risk: high reward leap)
3) $3C 1/29 .42 lotto or $5C 1/29 .23 (low risk: high reward)
Disclaimer: Im not a financial advisor
Wallstreetbets
$PLTR - Risky April 100-200% possibilityI was bullish on PLTR before with a PT of 36-44 for the coming months. Seeing the interest and amount of shares being bought by Wallstreetbets & CITI and Jefferies opposing price targets, i believe this stock is going to explode multiple times more than PLUG or GME. Short vol ratio is 0.3 which is amazing, money is flowing into this stock like CRAZY but the price is nice and steady. Anyone who thinks they'll be able to short this successfully is going to get burned hard and will need to further cover their shorts causing an even more massive short squeeze.
The stock has finally started moving upwards last week as i previously predicted. After being loaded up SO MUCH it can no longer stay where it is no matter how hard it's being squashed. It's going to move up non stop and once the big institutions realize they can't make this stock fall to their preferred buying price, they're going to FOMO before they miss out on this causing the stock to go even higher. This & wallstreet bets buying this like crazy is what will cause the 100-200% share increase in the coming FEW months.
I have a 255k share position at 26.82 & some insignificant calls for February, March & April.
To be clear, i've gone full schizzoid mode on PLTR. I lose sleep every night in excitement over the gains i'm going to make off PLTR's boom. I was unable to sleep for 36hrs yesterday. I read their 311 page prospectus, i non stop scrape the entire internet for mentions of PLTR every 2 minutes non stop all day almost 24hrs a day. I can see biased mainstream media articles coming out mostly bashing PLTR, biased analysts coming out with intentionally low and bad and not well done analysis and PT's for PLTR based on the previous earnings which is a MASSIVE rookie mistake on their side. Jefferies who gave them the $30 PT kinda gets it. Citi's young and green Tyler Radke has it wrong and feels like he's read some negatives in PLTR's prospectus document and hasn't taken in any positives thus his research and DD is likely quick and short and not accurate. He probably believes the $10 PT. He needs to spend more time doing PLTR DD rather than using normal basic analysis and spit out PT's, it's not as simple as he's making it out to be. Too green. I'm from a software development and management background and i consider myself more of an expert than Citi's analyst to speak about PLTR especially with the 1 and a half month of non stop PLTR DD.
SOROS & LOCKOUT CONCERNS:
Read my slightly outdated but mostly accurate DD here and put your concerns to rest. Buy PLTR now and buy in big. The rocket is MASSIVE and is loading with MASSIVE amounts of fuel. Had many weeks of 50 mil volume everyday at a shortvol ratio of 0.3. Do the math don't be a sheep.
www.reddit.com
$NIO - Run finished, go home.Sell your NIOs. The run is over.
Too many gaps in the chart that need to be filled before any new highs are made. Also NIO is announcing a lot of new side-businesses, to make these, they're going to damage their balance sheet on the next earnings which won't help their stock price either.
Low=48
Consolidation = 46 - 54
What will completely invalidate this is if NIO get's CCP'fied and the stock just runs up to some insane price like 400 or more. That's where i'll eat my hat.
How to play this: Short NIO until the gaps are filled and until AFTER these earnings flop, then consolidate then bullish. Buy the consolidation lows and ride NIO to new highs many months later.
$AMD - 40% upside by mid AprilAMD will guaranteed runup to 110-115 easily. Anything more will be due to overboughtness and will be a bonus if you can cash it in fast enough. AMD gains are the sweetest gains because they're guaranteed gains by Lisa Su.
As usual, earnings will flop despite them being positive, people will be confused and will drop the stock. The more clever investors will buy in 1-2 weeks after the idiots have dropped it pumping it all the way to 105-110, retails wallstreetbets will fomo and overbuy the rest to 120+ which will quickly die back to 108-115.
The trading range for the many months after this will be between 98-118 until the xilnix deal nears and there AMD can hit 140+, but i haven't done much DD on this so 140 is the cap i'm setting for the Xilnix deal.
$NVDA - 25-35% gains by April - JuneNVDA will break out before earnings are here. If you want to get those sweet gains, buy in from now. A last dip to 520 might occur, it might now. Better be safe than sorry and lock in at 540 from now.
This is a 2-3 month play maybe 4 month play depending on what NVDA announces during their earnings. If they announce an acquisition, the high price on earnings will dip back to 550 from 600 by wallstreetbets and others before being bought all the way to 680 over the next few months by more clever and opportune traders.
tldr:
1) Run to 600 for earnings
2) Good earnings = Dip and quick run to 680 or more.
2) Bad earnings = Dip and slow run to 680 or more over months.
Breakouts happen from 2 days up to 1 and a half month before earnings depending on how known a company is. For NVDA, i think we're about to start seeing the price run up in expectation to the earnings all the way up to the earnings date. You can buy now and sell before earnings for easy money.
Buying from now and holding post earnings is riskier and could wipe what you earned or double it.
Take your pick on what to do.
GME 1hour - WSB pump in actionPlease dont enter positions on this.
Please.
If you follow Gamestop, people have been pumping this for months, they've been loading calls and shares, and there is absolutely ZERO reason that this stock should be up 68% (at time of post) today on ZERO news. NONE. There is no catalysts except for new board members? You mean to tell me THAT causes a company that is actively closing stores to go up 68% on a random Wednesday in January???? This is a prime example of what it means when a group of traders (a large group) gets together and causes a stock to run).
No. Im not buying it. Literally not buying it.
NO OPEN POSITIONS and staying away entirely. I suggest you do the same.
$GME $SPY
[WSB] The Technicals Behind TSLA (Trading Plan)It's time for another analysis for our alltime favorite Tesla (TSLA). I don't have an intro ready so ...
this stock is basically a Meme. The monthly chart looks hilarious and many of my favorite analysts failed to
call a good opportunity for a short position. It's like a big warning sign at the end of the road - DON'T SHORT TESLA!
What we can see on the chart is a pretty healthy (which is kinda weird). And whoever spotted one of the many
different triangles (symmertical, ascending, declining, you name it) during this bullrun, definitely made profit.
TSLA recently broke out of a symmetrical triangle with a very strong impulse. The price tends to move upwards
in a channel after a breakout of this pattern. The support of this channel has been tested yesterday.
The price bounced back today and we can now aim for the top of the channel as our main target.
Here are some numbers that might be important for this trade
Use $550 - $570 as an entry
Close your position $670 - $690 before 16th December
Set your Stop Loss below $520
Everything else is explained on the chart.
This is not a financial advice.
cheers
[WSB] The Technicals Behind PLTR (SPOILER: MOON! 🚀 )This is the most clickbait-title i've ever used but guess what, there's a reason for it!
Palantir Technologies (PLTR) is the november stock that made everyone rich (except me).
But i got something for you: there is a decent chance for another pump towards our previous high.
So we might be able to lock in another 20%-30% profit (if just buy the stonk :-)).
PLEASE BE CAREFUL: We can see a divergence with the price action and the MACD/RSI,
which means that the price has been moving up, but many people obviously took some profit
(or simply switched over to GME). A STOP LOSS IS MANDATORY IF YOU TRADE THIS STOCK!
Everything is explained on the chart. Here are some levels that might be important for you
Enter below $27.50
Place your Stop Loss $23.60
Target $33.00 and secure your first profits
This is not a financial advice.
cheers fellow autists
Green day tomorrow if the stonk gods allow it. I got some calls before close. We could potentially see 1 more red day if so i will sell my calls and buy puts instead. But this will bounce one of these days!
$INVE taking a breather or beginning trend reversal? NASDAQ:INVE
Good evening traders!
I recently stumbled upon $INVE and its been all around appealing to me so far, with technicals and fundamentals.
Today I was looking to add to my positions and at first glance it seems that INVE is at a great place to make another entry.
It appears to be taking a breather before going on yet another healthy rally to continue its consistent uptrend so far.
However, looking at some more long term Support & Resistance points ( when in doubt, zoom out! ) it seems that the ~$5.5 price level has historically been a difficult price to successfully break through
At this point, I'm approaching this stock with more patience, as it plays out and shows signs of either reversal to a downtrend or confirms continuation of the current uptrends.
breaking below $5 will be a point to look out for-
Continuing to drop down to the ~$4.50 @fib levels, and I'll consider this more likely a reversal to downtrend.
For investors this wouldnt be a worry, as this seems to be a strong company so far with promising opportunities in the long term
As an active trader its been fun to mark the stable uptrend and ride the gains with it.
With my holdings bias, I'm hoping we drop to a stable level of ~$5 or slightly below it, only to rally back up and shoot for a target price of $7.25
Happy Trading!
Amazon (AMZN) to 700 Within 15 Months? Or Blow Off Top?Since my first Amazon analysis, we rallied higher towards a potential double top target, but we met resistance pretty quickly and have begun to drop. There's no need to panic yet, because it seems like the uptrend from 2015 is still intact (in orange). However, if that fails, we may have to head all the way down to our long term log support (in purple), especially if the recent low at 1300 falls. If we follow this descending resistance (in red), this would give us a bottom target near 700 by June, 2020. Total speculation though.
A correction is needed in the tech space, as many of these stocks have risen too high for too long. This sort of growth is unsustainable, and we're already seeing some warning signs (jobs waning and earnings not as stellar as they expected). I've already talked at length about why I think the tech bubble needs to pop in my other analyses, so I won't write more about it here.
In any case, if we happen to move up from here, we might have a blow off to the top of the channel. As you can see, that would take us above 2000.
In sum, trading setups would be -
SHORT breakdown of 1300 - target 700
LONG the breakout towards 2200 (a little more risky, but a possible scenario nonetheless).
Zoomed Out:
This is not financial advice. This is for future reference and speculative purposes only. I don't hold any positions in the stock market at this time. Previous AMZN chart linked at bottom.
-Victor Cobra
MSFT Reaches My Double Top Target...Now What? Just a brief analysis. There is a possibility that the market will rally higher and that we will see a blow off top, but the DJI has found pretty substantial resistance again above 26000 so we may be about to see the true initial drop of an incoming recession. The December drop was merely the start, and subsequent rally was constructed so that people have another chance to protect their capital.
In my last MSFT chart, I suggested there was a possibility for a double top if the recent low couldn't be taken out by the bears. I provided the target for this second top (somewhere in the 110-112 area). If we are to follow this setup, we should see a big drop soon. However, if we build support here and move higher, this idea will be invalidated. Looking at the log chart, once the purple uptrend is broken, we will probably see a much deeper selloff. As you can see, there are some fairly low targets.
Things don't necessarily have to play out this way, but I think we need to see some growth slow down, so we can deal with bigger issues as a society (like the environment, for instance).
Not financial advice. This is my opinion based on what I'm seeing in the market.
Link to previous MSFT analysis at bottom.
-Victor Cobra
HIPWell, at least I didn't buy at the tip of that huge needle. Ugh. TSXV:HIP
Very long on this after incurring 79.2% losses.
Updated MU idea. 43.62->55.5->31.37Looking like a failed H+S. I use fib so looking for target of .618 retrace for this earnings report. I've been reading up at MU has a ton of debt that it will have trouble paying off as interest rates going up, they definitely won't be able to do stock buybacks. If things get really bad then 16... but for right now kinda just looking like the platform support of 31.
Long to 55.5 then short to 31.37.
My AMD trade plandon't feel like explaining too much. 27.17 LOD tomorrow Friday 8/14.
27.17 to 30.66
30.66 to 25.
25 to some retrace... 27? should be trending though so nothing major. after.
Lots of sideways before "oversold buy ins start, target of 40 means last buy in point 2/3 of way to stop 15.87... last earnings report price.