GME About To WaterfallGME SAVE THE TAPE! Back in June 2021, I warned people to GTFO out $GME when it was trading at $212 Today it trading at $20 and about to waterfall again. Despite my several follow-up warnings over the last year and a half people continue to fight me on this. SMH! Shortby RealMacroUpdated 569569297
RIOT Platforms - Corsicana 2024! 🍿🤗🕺Been buying shares of RIOT, and will continue to add shares anytime this gets in the 9s. After a couple bad years of production, RIOT's new Corsicana facility is energizing and the new miners will boost hashrate and increase efficiency. Oh, and lets not forget the 8500 Bitcoin on the balance sheet and positive earnings. RIOT has been undervalued for too long! As for the technicals, everything looks golden imo. Macro trend from 2020 retested. 618 held, .50 held. Not seeing anyway bears get this back to the 7s. LFG! Longby AvenueWorkUpdated 292925
NVIDIA - Correction after stock split?NASDAQ:NVDA has been one on the strongest stocks of the past decade with a rally of +25.000%. Today, Nvidia had a stock split of 1:10, meaning that for every 1 share of Nvidia, you recieved another 9 shares (10 in total). Therefore, Nvidia stock price was simply divided by 10 ($1.200 / 10 = $120). Nvidia stock is currently retesting a major resistance trendline and is repeating another "cycle pattern" like we saw in 2015 and 2019. A correction is simply quite likely. Levels to watch: $120, $50 Keep your long term vision, Philip - BasicTradingShort03:43by basictradingtv8842
AMC to jump 1700% with move to $90 in 2024?There is evidence for such a move. On the above 5 day chart price action has corrected 99% (August 2023 share split accounted for). A number of reasons now exist to consider a long position, including: 1) Price action and RSI resistance breakouts. This breakout occurs after 1071 days of resistance. 2) Market participants are opening up long positions on every test of the golden ratio. See daily chart below. You have to look left until early 2021 to see a repeat of this behaviour. 3) The falling wedge is used to forecast a target area. Oddly enough that target area is matched by the top of the downtrend channel. Is it possible price action continues the downtrend? Sure. Is it probable? No. Ww Type: trade Risk: <=3% Timeframe for long: sooner than late Return: 1500% at least Golden ratio test (green line) Longby without_worries4418
Gamestop - BearishThe analysis is shared on my private channel but I do encourage to follow and see how my trades do. I understand you are looking for confirmations on your journey. Keep an eye on it and see how I do.Shortby Eyedea1113772
Gamestop- Idiosynchratic Systemic RiskThe rise and fall of GameStop's stock in 2021 became a landmark event in financial history, captured in the recent film "Dumb Money." This saga, fueled by unprecedented social media buzz and retail investor sentiment, culminated in a historic short squeeze and raised critical questions about market access and regulatory oversight. The Spark: A Sentiment-Driven Squeeze GameStop, facing declining brick-and-mortar sales, became a target for short sellers who saw its business model as outdated. However, a surge of online optimism, primarily on platforms like Reddit and Twitter, ignited a buying frenzy among retail investors. This sentiment-driven buying pressure triggered a dramatic short squeeze, propelling the stock price to dizzying heights in January 2021. The Fallout: Buy Buttons and Direct Registration While the price eventually corrected, the social media fervor persisted. Concerns about trading restrictions implemented by certain brokers during the squeeze further fueled the fire. This led retail investors to embrace Direct Registration of Shares (DRS), a process that removes shares from the clutches of brokers and places them directly with the company. The goal: to limit the availability of shares for shorting and potentially trigger another squeeze. DRS: A Unique Market Phenomenon With over 74 million shares DRS'd as of the last earnings report, GameStop represents a unique case in market history. No other non-penny stock has witnessed such a large-scale withdrawal of shares from the open market by retail investors. This unprecedented scenario has created a volatile market dynamic with the potential for significant price movements. Technical Analysis: Signs of a Potential Breakout GameStop's price chart exhibits classic characteristics of a stock primed for a short squeeze breakout. Price consolidation since the 2021 squeeze, falling volume and volatility, and rising short interest are all potential indicators of pent-up pressure. The Socioeconomic and Elliott Wave Perspective Analyzing market movements through a socioeconomic and Elliott Wave lens, we recognize the crucial role of collective sentiment and mood in driving stock prices. GameStop's price trajectory aligns with a clear 5-wave Elliott Wave pattern, suggesting a potential return to all-time highs and beyond. Potential for Government Intervention The exponential counterparty risks associated with a potential GameStop squeeze raise concerns about systemic market instability. Government intervention, in some form, cannot be ruled out to mitigate the potential fallout of unrecoverable margin calls on significant market players. The Sequel Awaits: A Story Unfolding As time unfolds, the GameStop saga continues to evolve, captivating both financial experts and retail investors alike. Whether a sequel to the "Dumb Money" film materializes remains to be seen, but one thing is certain: the story of GameStop is far from over, with its potential consequences for the market attracting keen attention worldwideLongby Heartbeat_TradingUpdated 183183694
$TSLA to 300 End of Year.. #DIAMOND Been nothing but free Alpha 101 on my page this white boy summer. Diamond bottom clear as day on trend line... TSLA to 300 EOY = Wizard has spoken Keepin it simple. This is a LONG PLAY like CVNA , will update/comment on idea if I see any potential option plays (200C's after June OPEX will be a target of mine) I think the whole world is over lookin geopolitical threats atm, but computer algo feels NO FEAR... FEAR IS THE MIND KILLER Trump Presidency required, Elon steps down as CEO causing 1 day buy the dip opp, Elon joins US Gov't as Tech Advisor, Elon does what Bootyjuice never could, MAGA... "THIS IS AMERICA!" - 300 Longby Prophecies_R_UsUpdated 191947
Tesla UpdateAs mentioned in my midday update, we started the move down today that I have been anticipating. That's what it appears to be at this time anyway. This thing can go a couple ways from here. The first is a 3-wave move down to the box with the mini (A) of c completed today. This would imply that we get a mini (B) wave soon if not next before falling down into the target box. This is my primary due to all the chop/3-wave moves. It is just very hard to try and find any 5-wave moves in all this mess. Even trying to force a 5-wave count it is iffy. The ALT is we have started a 5-wave move (wave i) of c of C of 2. As stated above I am not a fan of this because to me these have all been 3-wave moves. The important thing to take away from today is we have breached the prior low of $167.50. It may only have been by a few cents...but nonetheless it was breached. This to me is telling us with confirmation, that we're headed to my target box. Rather this ends in the standard box @ the 1.0 or the 1.236 ($157.85-$151.58) or extends to the 1.382-1.618 ($147.83-$141.96) remains to be seen. We need some more data to make that determination. Until then, I will plan for an ending in the target box.by TSuth668
$BYRN Head and Shoulders - $7-$8 Price Target - PUT$!I don't "enjoy" shorting companies/ stocks, but this chart was too beautifully bearish to pass up. If this massive head and shoulders pattern plays out it'll be incredibly satisfying, and even more lucrative! Personally, I'm holding a healthy number of: NASDAQ:BYRN 6/21 $10 puts Shortby roycejakob114
Nvda Am shorting this scam right here at 126, small position since its looks good for a pullback . Also fed meeting in a little bit I expect markets to top here for now Shortby Todopoderoso333
Is ADBE overvalued?I ran a DCF model using exponentially smoothed revenue forecasts to fit the future growth rate characteristics of a mature growth company like ADBE. My Cost of Equity was calculated with CAPM using Prof. Damodaran's cash yield ERP (6.01%) and my terminal value was calculated with 2047 price-to-sales of 20 for my bull case, 15 for my base case, and 10 for my bear case. My PTs are $436.24 for my bull case, $381.53 for my base case, and $326.82 for my bear case.Shortby dickzhones112
Short $AAPL between $191-196. Target below $100?NASDAQ:AAPL is starting to look like a really great short opportunity. As you can see from the chart, the bullish trend that started in 2020, broke down in 2022 and hasn't been able to confirm support above it. We confirmed resistance on that trend line in August and now looks like we're going back to test it one more time. I'd imagine this time, it won't break through and we should see a strong downward reaction afterwards. I think we'll see price fall after that December pivot and then bottom sometime before 2025 at the lower support level. Let's see how it plays out over the coming year.Shortby benjihyamUpdated 212127
📉 Coinbase Grows 798% | Weekly Structure Break-DownRight now saying COIN or BTC is the same, if you want to know where the market is headed. Where Bitcoin goes, Coinbase follows. Bitcoin is headed lower. We are going to be looking at Coinbase (COIN) on the weekly timeframe. First, we have the classic rounded top pattern, kind of like an inverted cup; we know this pattern to be a top signal. ➖ The week 11-March COIN produced a bearish close. ➖ The two weeks that followed, COIN wicked higher but closed below the 11-March session open, so remaining within this rounded top range. ➖ This week starts full red and works as bearish confirmation of the previous bearish candlestick based signals. ➖ This action is happening around the same level that rejected a recovery back in December 2021; this is strong resistance. ➖ The wave coming from early Jan through March has perfect proportions; This chart structure, price action, marketwide action and signals are pointing toward a correction. 👉 150 Should be an easy target for this correction, don't expect any less. 👉 It can go below 140 but we have to wait and see... The correction can go for many months... Say it only takes two months to hit bottom but it takes 6 months to move back up to current levels. The whole period would be 8 months and for someone bag holding, that would put you only at breakeven. There can be one more leg up, one final jump, more growth and it keeps on going... But this is highly unlikely. There is always the possibility of the market going for more but this is a low probability scenario when we consider the action happening with the other charts. Namaste.Shortby AlanSantanaUpdated 272752
Google is looking bullisbThis chart looks way bullish. I il do the breakdown soon. If you have any doubts you can DM me hereLongby THECHAARTIST111
Triple top formation for AppleHistorically, the triple top formation is supposed to be bearish. However, here in Apple's chart, we see it did not play out as expected. It went up a whooping 7% breaking the resistance level at 197.41. I won't suggest to go in now if you want to pickup this shares but wait patiently for the retracement. Then again, it may take weeks for that to happen. That is why patience is such a rare virtue in the game of investing. The fear of missing out is so strong in many investors that they have to participate in the game regardless of the price level. It's like an addiction; taking the action to execute the trade helps relief the anxiety in them. Finally, now they can announce to the world that they own Apple shares. They belong to the community. Sounds irrational and not logical ? Understanding consumer behaviour helps you to better understand the stock market. Whether it is buying an Iphone or 100 shares of a Company stock, the underlying psychological reasons embedded within remains relatively the same. We buy first and justify second. Is it a need or is it a want ? You need a phone ? Yes ! But you want to own the latest model which costs thousands of dollars, never mind if it exceeds your budget. Associating with it, owning it, carrying it and showing off to a certain extent, however unreasonable to the third party it may seems, this desire will heighten over time and like breaking out of the bearish trend line after the 4th attempt, finally, you purchased it or the price breaks out from the trend line. Hallelujah ! Remember the objective of owning a piece of the business or buying shares. Simply, it is to make your money not collecting a basket of brands. Of course, if it is branded and makes you tons of money, then it is double happiness. But there are many gems hidden in the piles that valued investors who spent time researching will uncover its potential. Maybe, it is not as popular as the branded ones, but it has excellent sales records and profitability. It has low gearing and enjoys a wide economic moat as well........Find these companies and invest in them. Put on the cap of the venture capitalists , take a small initial position and bet bigger when the data shows more promising . Longby dchua1969Updated 225
INTC overview before earnings INTC has recently seen a decline within price from the highs of $40 - 50 levels. INTC has reached a level of stability around $30 and has successfully pulled up from these levels. Due to earnings soon which comes with more volatility and (therefore more price action), there is a possibility to go higher though I am still conscious that these levels could be invalidated due to bad press/news etc. If there is bad press, it is likely to drop around to the $20 - 26 levels though depends on the market's views. INTC is currently trading at its 52 week low of around the $30 and we'll see if this level is sustained or invalidated. Overall, I believe INTC has possibility to grow though upcoming news upon Intel to halt $25-billion Israel plant, and with the reports of their earnings and the market sentiment will overall decide this. Currently in a trade long at 30.01. Still quite bullish about situation but could change if new news comes out, and will adjust position accordingly. Longby Jc0271111
(Shorting TSLA) - Quick Analysis and forecastMy price forecast from a few weeks ago is still holding and I'm now looking for a final confirmation of a yellow buying breakdown to enter puts here. I don't know whether we want to fill the gap or not but will definitely be looking for signs and playing runners. For bulls, once we prove red sell-side tapering and break out of teal - we are a GO! Happy Trading :) Short03:13by TraderDaddyOGUpdated 226
APPLE Will Collapse! SELL! My dear friends, Please, find my technical outlook for APPLE below: The price is coiling around a solid key level - 196.91 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 188.16 Safe Stop Loss - 201.94 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK Shortby AnabelSignalsUpdated 7719
GME Trade PlanA look at Gamestop. This has been getting attention again! Wall Street vs. Retail Traders battle. There is a LOT of Short volume on GME and AMC, and the big Analysts say the buying is nothing and that everyone should sell. BUT, the technicals don't lie and in our opinion, this is going to take off again. Jim Cramer says it's nothing and that it will flop, so it's definitely a buy! LOL !! We first got the buy signal at ~$17 week BEFORE the news of this big push up...all from the technical analysis. So...If you're following this with us, it is time to buy again at $26. Target is $45, then $68. If this holds...a retest of previous highs is likely comingLongby bigkid803116
Massive Divergence Hints at GME Short SqueezeWe see a massive hidden bullish divergence in the Cumulative Volume Delta for GME. This means that short sellers have tried to push the price down by all means, but were unable to break below the previous low. The logical consequence of this situation is an expected short squeeze. Experience shows that the more pronounced the divergence, the stronger the short squeeze.Longby OchlokratUpdated 3320
aapl in the danger zoneapple is up 54 points in 54 days. be careful here as a sudden downturn can happen any moment. Shortby Oppollo115
Apple Dilemma Target 240 !Hi friends yesterday closed an Idea on Apple and prepared a new chart hope it will help to me for trading in it coming session sharing with all of you. So i have a long view here in Apple as my anticipations this time is price will break the resistance and will give a breakout on provided daily time frame chart and the reasons i am looking are that volume buildup seems good in recent sessions and broke some lowers highs and trying to change the character and gives a daily/weekly close near to it's all time highs, daily weekly candles seems fine so we can see a fresh momentum if price will break resistance and sustain above for one two sessions. Alternative veiw is price will take resistance nearby marked resistance and will come down to marked support and will bounce from there towards marked target after resistance break. Target i measured from parallel cahnnel height in which price is consolidating from a long time and hope this time we will see a breakout. Target-: This idea is meant for only educational purpose this not any kind of trading or investment advice. Best Regards- AmitLongby AMIT-RAJANUpdated 9935
Did You See What GameStop Just Accomplished?I must say, and as I wrote the other week ( see here ), the winners of the GameStop resurgence was GameStop itself. They now have $4 BILLION in cash on their balance sheet. That's right – a strong community can do wonders for a brand, its backing, and the company itself. Between Roaring Kitty, Ryan Cohen, and everyone on Reddit, they just created a viable business with an entirely new fundamental outlook. Let me explain: - They eliminated all of their debt, thus zero debt! - They now have about $4 billion in cash. - Market cap is nearing $10 billion. - They do about $3.2 billion per year in revenue. - They have 3x PS ratio, but many startups for for 5x or even 10x. But keep in mind that a majority of that is in cash. If we back out the cash from the market cap, the PS ratio is more like 1.5. If you think they are on the verge of rebuilding and recreating their story, they have the revenue and balance sheet to do it. Well worth watching… By the way, I still can’t believe some 25%+ of the float is still short and public about it in available data. I currently do not have a position, but as someone who appreciates fundamentals, a sound business, it surely has me watching it more closely than I have in prior years. The road will be long and difficult, and they have to execute flawlessly, but if they can, the vision is to become a gaming giant that'll be a value add to the gaming world.by scheplick114