Wsb
AVCT if Close above .23 and we Could See a Move to .3As the title suggests, using basic support and resistance structure.
CFVI Long, It could rumblePossible WSB play if network effects of Andrew Tate could influence Zoomer capital to buy the stock as a FU to the monopoly to social media content platforms. However, it does bring into question how much of an influence they really have given how personal savings have fallen back to 2016 levels . This idea is only valid as long as we don't close under $12.05 on a daily candle.
Max price point I could see it going would be ~$52-$65 given how BBBY had a max mcap of $2.5B after WSB made its move on it (But lets not forget that it was short squeezed). Realistically, I can see it going to $17-$27. Good entries for a long at this point are ~$12, $11.35, and $10.30.
Max low price: 10.00
Max high price: 65.00
Trade:
Entry:12.19
SL:11.22
TP:17, 25, 50, 65
GME, KOSS, AMC, Silver, Pot Stocks, and now KMPH is a loaded canI'm very bullish on this and long in the position.
The Reddit WSB are starting to get behind it and I'm seeing more buying on the tape in large volume than selling. Shorts are in a bad place.
Could see 20.00, 60.00, 90.00, or 120.00 conservatively due to very small float compared to the floats of GME or AMC.
Full disclosure I'm am long this stock and have been since I found the 71% short on a company with no debt and an FDA approved ADHD drug.
FWBI 81X Upside Potential according to this Analyst!On 5/26/2022 Roth Capital brokerage Lowered the Price Target for First Wave BioPharma, Inc. (FWBI) from $600.00 to $270.00 giving a Buy Rating for the stock!
The stock is now at a historic low: $3.31.
In January 2021 it was $788.
Just to reach the Analyst Price Target, it need to grow 81.5X from this level.
The Market cap is extremely low: 4.58 Mil. 81X would be $371 Mil.
And wouldn`t be too much, if we look at their pipeline: 2 candidates reaching Phase 3 clinical trials, 3 candidates in Phase 2 and one in Phase one, in the following fields: Digestive/Nutritional Diseases, Inflammatory Diseases and Oncology.
It can explode anytime.
Even though the institutional ownership it`s not high, some of the shareholders that recently reported increasing stakes in the company are: Goldman Sachs, Blackrock and Jane Street Group.
This one is a premium call in my opinion.
Looking forward to read your opinion about it.
Impending Breakou (WEEKLY)OXY has been on fire this year and its looking to go higher. On the weekly OXY is looking to breakout of its previous high set at 73 in May. MACD is curling up and RSI is looking to go upwards as well. Very bullish closes over the past two weeks. Looking for it to hold above 75 this week before I enter.
Blackberry / BB - 'Tis No Bubbling Volcano, But 'Tis a Geyser.I'm not a big fan of the meme stocks and I'm not a big fan of speculating. However, I was scrolling through the charts and I noticed that Blackberry BB had a unique tell in its monthly chart, which I will show inline since I have to make the post on the weekly candles, otherwise it won't display:
Simply put, BB has never broken its pre-meme pump and dump lows from the times it was front ran by the Marxist-Leninist PR brigade on Reddit/WallStreetBets.
It also has three months of relatively equal, subdued prices, before experiencing a small breakout this month.
And this pattern is something of a fractal to what we find in the weekly candles of our good friend BBBY Bed Bath and Beyond, but only on the weekly chart. Note it also never broke its weekly lows:
What's really notable is that Citadel Securities, which is more or less the dark pool market maker that keeps Robinhood, where retail lost $5 billion "Apeing" calls on memestocks during the biggest bull run in stock market history , in business, bought 1.966 million shares of BB, reported in June 30 disclosures.
Citadel also bought 2.265 million shares in BBBY, which was also reported in June 30 disclosures.
I said in my recent BBBY call that the fact that Citadel hasn't unloaded their BBBY bags (yet) is the real thing to watch, while Ryan Cohen's exit was a mere red herring.
All of that is just circumstantial stuff, but Blackberry did break out of its three month consolidation, took out a new high early in the month, and has made a healthy retrace without any particular bearishness:
The July --> August run was like 35%, which is pretty good in anything.
As of now, there's exactly zero chatter on Reddit about BB pumping, except for this one thread titled "BlackBerry is the next play by the apes" from last week, which was downvoted to oblivion and filled with mocking comments such as "Hahaha… how heavy are your bags???" and "People have been saying this since gamestop lol."
I've said repeatedly that social marketing, not social media, venue Reddit will not begin to promote a stock until it has already pumped and you're already paying way too much for options.
You aren't looking at organic posts by fellow college kids, but instead you're looking at a hybrid botnet/public relations firm pretending to be normal people for the purposes of having you inculcate yourself with atheism, leftist Party narratives, pornography, and to come and lose your inheritance to the market makers paying them.
So a lack of social hype, in combination with price action, in combination with Citadel taking a significant position, gives good pause to consider if BB is set for another fat pump and dump style weekly wick that will burn the hands of suckers who buy the tops.
Personally, I think it is, and the target is around $15. I expect it to be the usual lackadaisical long candle with marginal hype and a quick cooling off period that accompanies some other things going moon and then collapsing all at the same time.
So, when you see BB go up, don't chase it. Your "fear of missing out" will turn into an expensive spot on your Roth IRA's shelf.
And my usual reminder: Reddit is partially owned by Tencent, an arm of the Chinese Communist Party. Reddit wasn't your friend before Tencent took a stake, but they're even less anything but a filthy Marxist maelstrom to fall into now that the Evil Party has its hand around several of its ribs.
BBBY to the MOONBBBY was the 3rd most shorted stock as reported by marketwatch 1 month ago, I believe it may be the most shorted stock now when the totals get updated:
www.marketwatch.com
Also yes Ryan Cohen sold, but Jake Freeman also sold $100 Million: www.dailymail.co.uk
this is money and profit that's now sitting on the sidelines.
Freeman said : "'I certainly did not expect such a vicious rally upwards,' Freeman told The Financial Times in an interview on Wednesday. 'I thought this was going to be a six-months-plus play…I was really shocked that it went up so fast.' "
You think this guys one and done, gone for good after this trade? He sold at $27, he now has another $100 million, and he was expecting to be in the stock for several months.
looking at the chart first notice the increase in volume, this is the most volume this stock has EVER seen
when I go on twitter, listen to the radio, watch the news, EVERYONE is talking about this stock
when I look on the screeners for hot stock on tradingview, trendspider, marketwatch, robinhood, etc. THIS stock is on the top of the list. This is generating a lot of publicity and a lot of interest.
looking at the chart, do you notice all the gaps? There's been 2 big gaps or tears in the charts in the last 3 days, that's huge! What are the chances that it fills those gaps?
This last Friday was a doji at the bottom of a 3 day trend and may indicate a reversal.
The amount of out of the money calls to out of the money puts out number puts by about 40% that should mean calls have more to lose at expiration.
90% of all volume all time in BBBY has been traded ABOVE where it closed on Friday at $10
When you look at the daily and weekly charts with this last 3 day downtrend the MACD still hasn't crossed the signal line yet which indicates the overall uptrend is still intact.
On the hourly chart the MACD has just crossed the signal line to the upside.
Look at the upward trendlines , they are still intact and the last close was above the trend line .
BBBY has a ceiling at $30, the current upward trend may form an upward trend to $30 where if it breaks the top then I see it moving with the same potential as $GME or $AMC
If it breaks the top at $30 I think you could see it going to $90 potentially.
as Buzzlightyear once said: "To infinity, Bed, Bath, and Beyond!"
follow me for more hopium
MEGL Magic Empire Global Limited ultra-speculative bet!MEGL Magic Empire Global Limited was an IPO that went to $249.94 in the first day of trading.
It reminded me of HKD and AMTD!
but what if it still has juice in it???
Looks like a high risk, high reward situation.
Looking forward to read your opinion about it!
Would you invest in MEGL??
GME Retesting BreakoutSimple chart, downward channel for GME has slightly broke out this week, retesting the top of the channel to see if this can act as support now. A daily close above this channel with continued volume would potentially mean a continuation of a breakout.
When breakouts from channels occur, we often see a retest of the breakout area which I refer to as "basing". See related idea for example of basing on a breakout.
$50 is possibleWell, let me tell you what is going to happen, $AMC is going to $50, the dividend $APE share announcement will make this going to ths starts for the same people that was stopping it just because if this doesn't happen before August 19 the will have to pay to all the synthetic shares the dividend. They will send this high to see a lot of people selling and getting out.
AMC: Potential Breakout, testing resistance as supportAMC breaking out of its downward channel and looking for daily support green candle on the upper resistance trend line, some volume confirmation and green open on monday could confirm a move higher.
First target $24 if breakout is sustained based on fibonacci retracements.
Channel Breakout Example Really solid example of how channel breakouts often retest resistance AFTER resistance has already been broken. I like to think of it as testing the buyers and supply/demand zone to see if resistance can now act as support which would confirm another leg up as we see in Uber.
Good rule to follow is to not enter trades as soon as they breakout from a channel as the trend reversal is not confirmed by anything yet. we can see multiple channel breakouts where price did not continue rising once the channel was broken.
Volume confirmation (increaising volume with increasing price) is also important when identifying true breakouts, nice highs when lower than average volume is generally a sign of price disparity defined as divergence.
AMD Earnings UpcomingDepending on the markets reaction to AMD's earnings after the close today, we could see AMD show confirmation of a breakout from this downwards channel. Relative strength sitting at resistance levels in respect to historical "tops", looking to see if a breakout in relative strength can also provide confirmation after ER. Directional movement also positive.
Negative ER reaction I believe would continue AMD back within its downward channel to look for support near $87