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 473473145
The Epic GameStop Saga: How Retail Traders Toppled Hedge FundsThe story of GameStop (GME) and Wall Street Bets is one for the history books. 🏆 This tale of David vs. Goliath saw everyday retail traders take on some of the most powerful hedge funds on Wall Street, and win—at least for a while. Let's dive into this rollercoaster of financial drama, where memes, emojis, and Reddit posts became weapons of choice. The Rise of the Retail Trader 💪 It all started on a subreddit called Wall Street Bets (WSB), where a group of retail traders noticed something peculiar about GameStop. Hedge funds like Melvin Capital were heavily shorting the stock, betting that its price would fall. But the WSB community saw an opportunity. By banding together, they could drive up the stock price, forcing the hedge funds to buy back shares at higher prices to cover their shorts—a process known as short covering. Short Covering Explained 🧠 For the uninitiated, short covering happens when traders who have shorted a stock (sold it hoping to buy it back at a lower price) must buy back shares as the price rises, to limit their losses. This buying pressure can further drive up the stock price, creating a feedback loop of rising prices and more buying. The Showdown 🥊 In January 2021, the WSB crowd launched their coordinated buying spree, and GameStop's stock price skyrocketed from around $20 to a peak of $483. Hedge funds were caught off guard. Melvin Capital, one of the primary short-sellers, faced massive losses. Enter Citadel, a large hedge fund, which stepped in to bail out Melvin Capital with a hefty cash infusion. But the damage was done. Retail traders had won a significant battle, showcasing their power to move markets. Fast Forward to Today ⏩ Fast forward to today, and the GameStop frenzy has simmered down, but the stock's legacy remains. Currently, the sentiment around GameStop is neutral. The put/call ratio, a measure of market sentiment, indicates that traders are neither overwhelmingly bullish nor bearish. They're getting out of the stock, which reflects a stabilizing interest. GameStop's price has recently dipped below a monthly supply zone of $40 per share, signaling a critical point in its trading activity. However, there's significant buying interest at around $10 per share. This suggests that if the stock drops to this level, we might see renewed buying activity. What’s Next? 📅 Looking ahead, GameStop's earnings report on June 11th will be crucial. Investors and traders alike will be watching closely to see how the company is performing financially. This report could either stabilize the stock or create new waves of volatility. The Legacy 🌟 The GameStop saga is more than just a story about stock prices. It's about the power of the collective, the impact of social media on financial markets, and the democratization of trading. Retail traders showed that they could band together and challenge the titans of Wall Street. And they did it with a sense of humor, using memes and emojis to rally the troops. So, what's the takeaway? Whether you're a retail trader or a hedge fund manager, the GameStop episode is a reminder that in the stock market, anything can happen. And sometimes, the little guys can win big. 🚀💥Editors' picksby Mike_SnD99134
GME, IT'S GAME ON! Price Growth ImminentGME is certainly a no brainer from the current level. The daily data is suggesting a very significant accumulation and net buying. Daily higher lows has been registered. Target Prices will be 30, then 40. Spotted at 20.0 TAYOR. safeguard capital, always. -------- Here is some fundamental data for reference: (mostly outperforming, 3 digit percent growth) (USD) Ene 2023 Y/Y Kita 2.23B 1.22% Net na kita 48.2M 132.68% Diluted EPS 0.16 133.33% Net profit margin 2.16% 133.03% Operating income 68.4M 145.27% Net change in cash 336.5M 327.06% Longby JSALUpdated 8837
TSLA short squeeze approachingTSLA seems to appear closer to a short squeeze. Here are some crucial levels mapped for June3-2024. A crucial level is at $180.00 if broken up side, we can easily target $185 and above. For the Downside, $173 is major level, If broken downwards, trend can continue until $168. Usually, TSLA has June as the strongest month of the year, therefore keep your fingers crossed for possible pullback/retest.Longby Heavyguidance118
BB Copium AnalysisSomething to think about. At the end of the first 46 bar pattern end we went sideways for 5 months. At the end of our current 46 bar pattern we are sideways for the last 5 months. RSI at bottom for both patterns ending. Posting this to be able to hit the little play button later and see how it panned out. Thank you. “There is no present or future-only the past, happening over and over again-now.” - Eugene O'NeillLongby AbsoluteRegard221
Zone to Zone trade on AXPAXP is soon to enter the 240 to 244 zone. Enter with an hourly close above 240 with 2 week expirations. Target is the 244 area. Hard stop at hourly close below 240.Longby dustinldalton110
TSLA Stock financial datas to date 2.6.2024Comparison for Datas provided for public and shareholders vs true records from the bank of Rockelfeller Bank dated 2nd June 2024by adoringKing32492110
AMD Cup and handle formation, Go LongAfter a 2 month correction, AMD bounced off EMA9 on a monthly timeframe forming a cup and handle pattern. Go Long.Longby a3456sdfsdf7bx78117
AAPL: Sideways Trend & Rectangle In the Chart NASDAQ:AAPL Sideways Trend Rectangle Pattern. Resistance 2 - 196.65 Resistance 1 : 192.7 Support : 186.67 *If you need more technical or fundamental analysis, you can inform me.by ustrader26227
NIO: Great Investment, or a Flop?My attention has for the moment been directed towards NIO thanks to Morgan Stanley’s recent purchase of 10M shares, raising their investment value by 55% to over 28M shares, whilst simultaneously setting a near 100% upside 1Y price target to $10 per share. Ahead of NIO’s June 6 earnings report for 1Q2024, I thought it best to take it upon myself to review the company’s past reports, consumer sentiment, competition, and upcoming industry opportunities, in the anticipation that the all time high (ATH) of about $67 may be broken not so far in the future — quite possibly in the next two to three years. Indeed, that sort of prediction may appear at first to be the lament of an investor who readily entered the stock near its ATH, but in fact I have neither open nor closed positions in NIO stock or options at the time of publishing. That is to say: this is an independent evaluation intended to lay out NIO’s potential to become a high-value company, alongside factors that might stand against such an increase. What is NIO, and What Differentiates Them? As stated in their Annual Report 2023 , published April 2024, NIO is “a pioneer and a leading company in the premium smart electric vehicle market. We design, develop, manufacture, and sell premium smart electric vehicles, driving innovations in next-generation technologies in assisted and intelligent driving, digital technologies, electric powertrains and batteries. We differentiate ourselves through our continuous technological breakthroughs and innovations, such as our industry-leading battery swapping technologies, Battery as a Service, or BaaS, as well as our proprietary NIO assisted and intelligent driving and its subscription services.” Compared to most other Chinese EV companies, NIO distinguishes itself primarily through two factors: high-end models and battery swapping. High-End Models NIO focuses on the premium segment of the EV market, offering luxury features and cutting-edge technology. Their vehicles are known in China for their performance, design, and advanced driver-assistance systems (ADAS). Models cater to consumers looking for high-quality, technologically advanced vehicles. This positioning allows NIO to target a market with higher profit margins and less price sensitivity compared to the mass market. However, this also effectively sets an upper limit on the demand, as most lower-class and low middle-class would not be able to purchase NIO even if they are willing. It is also worth noting that in Chinese culture, names are seen as of great importance; NIO’s Chinese name is pronounced wèi lái, which means Blue Sky Coming , and it is seen as almost auspicious and rather chic. The same pronunciation of the characters can also be used to mean “future” when written in a different manner. Trading View prevents using multiple languages, hence the lack of Chinese characters. Battery Swapping and Battery as a Service (BaaS) NIO's battery-swapping technology is a significant differentiator: instead of traditional charging methods, NIO offers battery-swapping stations where depleted batteries can be exchanged for fully charged ones in a matter of minutes, replaced by robots without a need for human intervention. This innovation addresses two of the primary concerns of EV owners — charging time and charger availability (for those without private chargers). The BaaS model further enhances this by allowing customers to lease batteries instead of purchasing them with the car, reducing the upfront cost of the vehicle by about $10K and offering flexibility to upgrade to newer battery technologies as they become available. This service model is unique and provides NIO with a recurring revenue stream, similar to a subscription service. The standard 75kWh battery costs $100 per month and the long-range 100kWh one cost $230 per month (respectively reduced by 31% and 35% in March). Do note that the costs accrued from building battery swap station and chargers increases relatively linearly — a good sign as long as revenue continues to increase exponentially. As of May 29, 2024, there are 2,427 recorded swap stations in China, 802 of which are along highways. While there are fewer swap stations in Europe, these are located in larger cities where most NIO Europe users are concentrated. Cooperations with other EV companies are in the works to develop cars which can utilize NIO’s existing battery swap station. Today, NIO has the following partners on battery swapping: GAC Group, FAW Group, Changan Automobile, Geely Group, JAC Group, Chery Automobile, and Lotus Technology. If these collaborations ever come into fruition, NIO would undoubtedly have higher profits from the numerous non-NIO vehicles using their swapping services. Besides, as of November 2023, about 80% of the power from NIO chargers is used by other brands, with BYD and TSLA vehicles being the foremost at 19.4% and 12.3%, respectively. Safety I would like to leave this note on safety, since much attention has lately been drawn to the issue of Chinese EVs catching fire. According to Wikipedia , NIO only had 3 fires recorded by 2021, one of which was caused by a collision; an article in 2023 states two more fires had occurred due to collisions, bringing the estimated total to five for a company that has now sold over 515K EVs as of May 31, 2024. It is suggested that those looking to invest in Chinese EV companies compare their rates of fire per hundred thousand cars sold. For NIO, this number seems extremely low, at under 1 fire per 100K — unless there remains other data my investigation did not uncover. Stock Performance and Sentiment NIO's stock has historically been highly volatile, reflecting both the rapid growth potential and inherent risks associated with the EV industry. I have identified a possible supertrend buy signal on the 5Y chart in the case that the stock price closes above the $6.56 mark at the end of any week. If this happens, it could signify a robust upward momentum, potentially attracting a wave of new investors and boosting market confidence. This possibility is supported by an upwards slope in on-balance volume (OBV) since mid-April — a momentum indicator for volume showing crowd sentiment. Please refer to the chart for supertrend and OBV. The green box indicates the possible buy zone if the supertrend is confirmed, and the arrows on the graph seek to provide a rough guide for how price might move. Overall, market sentiment is mixed, with many investors predicting for an uptrend and others unsure of when NIO will become profitable. Consumer sentiment towards NIO remains generally positive, particularly among tech-savvy and environmentally conscious consumers. The company’s focus on high-end models with advanced features has carved out a niche in the premium EV market. Their NIO house idea further sets them apart from competitors, offering a place where users. These strategies positions NIO well against competitors like Tesla, which also targets the high-end segment, and differentiates it from other Chinese EV manufacturers that compete primarily on price. Competition and Industry Landscape NIO operates in a highly competitive landscape with numerous players vying for market share. Tesla remains a formidable competitor globally and within China, leveraging its brand recognition and extensive Supercharger network. Other Chinese manufacturers like BYD and XPeng also pose significant competition, each with their own strengths in battery technology, manufacturing scale, and market strategies. It seems unlikely NIO will ever have the chance to expand to the United States of America. However, the rest of the Americas might hold some potential for future expansion. At the moment, it might be best for NIO to solidify their position in the Chinese markets and to gain more loyal customers across Europe. Recent Events and Announcements NIO Energy, a key subsidiary focusing on charging infrastructure, battery swapping, and energy storage, recently secured a substantial investment of $207 million. This capital influx is earmarked primarily for research and development (R&D), as well as to support manufacturing and operational costs. Such investments are crucial for NIO’s ongoing technological advancements and expansion of its service network, enhancing its competitive edge in the fast-evolving EV market. Furthermore, NIO announced its record-breaking May deliveries of “20,544 vehicles, increasing by 233.8% year-over-year. NIO delivered 66,217 vehicles year-to-date in 2024, increasing by 51.0% year-over-year.” Having broken their July 2023 highs in deliveries, it appears more and more likely that once NIO ameliorates their cost-managing, their profits will see a formidable increase. Anticipation is building around NIO’s upcoming earnings report for Q1 2024, scheduled for release on June 6. Previous quarterly reports have shown mixed results, with strong revenue growth but persistent challenges in achieving consistent profitability. Industry Opportunities and Challenges The EV industry is poised for substantial growth, driven by increasing environmental regulations, government incentives, and a global shift towards sustainable transportation. For NIO, opportunities lie in expanding its market share, both domestically and internationally, and further innovating in battery technology and autonomous driving. However, the company faces several challenges. Supply chain constraints, rising raw material costs, and geopolitical tensions can impact production and profitability. Additionally, NIO must continuously innovate to stay ahead of the competition, particularly in battery technology and autonomous driving capabilities. Conclusion: Great Investment or a Flop? NIO presents a compelling investment opportunity with its innovative technologies, strong brand positioning, and significant growth potential in the premium EV market. The company’s strategic focus on battery swapping and BaaS provides a unique value proposition that could drive recurring revenue and customer loyalty. However, potential investors should also consider the risks. The EV market is highly competitive and rapidly evolving, with substantial operational and regulatory challenges. NIO’s financial performance has been inconsistent, and achieving sustained profitability remains a key hurdle that NIO will hopefully be able to resolve by end of year 2024. In conclusion, while NIO has the potential to become a high-value company and possibly exceed its previous all-time high of $67 per share in the next few years, it also faces significant risks that could impede its growth. Investors should weigh these factors carefully and consider their own risk tolerance and investment horizon before making a decision. Once the June 6 earnings report is released, I will make an update to further scrutinize earnings and revenue growth. At the moment, it seems a small long position in NIO at the current price would be fitting (low theoretical downside risk at just over $5 per share), although it might be best to wait for supertrend and OBV confirmation before making a hefty commitment. Omni out. Feel free to ask any questions or provide suggestions. This is not financial advice.Longby OmniscientInvestor225
Amzn inverse head and shouldersAmazon is printing a massive inverse head and shoulders on the daily chart. Daily is obviously more reliable than lower time frames. The upside projection of this lands right on a key fib level around 210$. I expect this to play out as AMZN is way more undervalued than the other Mag 7 stocks save googl. Amazon also has so many sectors and a massive monopoly style moat. -210$ in the next quarter imoLongby Apollo_CB111
SMCI trendline retest bounce go LongSMCI broke above the trendline, then retracted back to re-test the trendline and this time it bounced off of the trendline, rejecting the trend continuation and going into reversal. Go Long.Longby a3456sdfsdf7bx78114
NVDA Short: Using another 2 Fib Extension levelsNote that this is the 3rd time that I have suggested to short NVDA. The first time we were fortunate as price gapped up and thus the trade wasn't taken. The 2nd time was stopped out yesterday. And this is the 3rd time that I am calling for NVDA short. The risk-reward ratio is good. Keep it tight.Short02:27by yuchaosngUpdated 556
5-Year Opportunity to 20x Your Money in 400 Days?Novavax, Inc. (NVAX) has recently bounced off a 5-year support line, potentially paving the way for a bullish move that could yield a 2,000% profit. 🚀 - The RCI 3 line indicator shows a bullish crossing of the middle and long trend lines. - The RSI spiked above the moving average. - A rare bullish signal has appeared below the chart. The last time this happened was in December 2019, before a strong bull run. If history repeats itself, a profit of 20 times your money in 400 days is possible. What do you think?Longby ValerianK8
GME - Is It Time?If you've been following the GME saga you probably already know about DFV's YOLO post on Reddit. Just as folks were starting to think things might be over, GME had been quietly holding the $20 area and began making higher highs and higher lows leading into close last week. All while the options chain was continuing to be hit over and over by large 6/21 call orders. I've been burned on this thing this year, so I'm cautiously optimistic. The squeeze seemed inevitable, but timing it is very difficult. I'm lucky to have a small position in some 6/21 calls if tomorrow is the day.Longby AdvancedPlays7
Can DELL shake a negative earnings report??Outlook - After a miss on earning report DELL has a tough road ahead. There is a huge imbalance from 134-139 so I wouldn't be surprised to see prices pull back a little more before looking for more upside. Also, POC did remain above the previous week. Upside Targets: * 145.02--150.421--53.25 Downside Targets: * 134.02--129.20--124.57 Daily Trend Tracker - *DXY+ *VIX- *US10Y-by QuantumEdgeAnalytics110
TSLA GANN ProjectionsSince the peak, i've constructed a Gann square using time cycles derived from price, the 50 % of the all time high price level of 207 gets visited often during these cycles. A confluence of Gann angles on the squares and time cycles are pointing to the week of June 10th, 2024 as possibly retesting the 207 area in an attempt to make a first higher high on the weekly chart.by CryptoChartistry220
GME (Gamestop) - The Markets Most Underestimated CompanyGamestop is NOT a brick & mortar store. Gamestop is a Tech company. Throughout history it has always been Gaming & Arts that have driven the adoption of new technologies and inspired new communities by pushing the boundaries of imagination. GameStop has cemented itself as a pioneer by becoming the first household name to embrace blockchain technology and explore the realms of Web3 Gaming, NFT's & Crypto. Web3, NFT's & Crypto empower creators & gamers allowing them to participate in the development of the metaverse where they can share & exchange their in-game assets. NFT's allow for verifiable ownership of in-game assets which opens doors for gamers to monetize the time they put into gaming and create markets for their in-game assets. ---- Lets use Call of Duty as an example. A game filled with all kinds of weapons & different levels of power & accuracy. Imagine if there was a gun that had 100% accuracy & 100% power from any distance. Now imagine if there was only 10 verifiable copies of this gun in the game. How much is this gun worth? Now lets assume a viral streamer like Ninja were to own a copy of this gun. How much is this gun worth now? Answer : A lot. --- GameStop is positioned at the front line of this movement and has sparked a massive wave of innovation encouraging companies & gamers to explore new possibilities that will transform the gaming industry and force other companies to adapt or be left behind. I repeat Gamestop is a Tech Company.Longby xx1337Updated 171755
META : Sideways Trend Key Points : NASDAQ:META 1. A symmetrical triangle chart pattern is a period of consolidation, 2. A breakdown from the lower trend line marks the start of a new bearish trend. 3. A breakout from the upper trend line indicates the beginning of a new bullish trend Resistance - 480 Support - 462 If you need further analysis, please don’t hesitate to reach out. Feel free to contact me if you have any questions or concerns. If I can help in any way, please don’t hesitate to ask.by ustrader263
COIN Alternative View - Massive Move IncomingA different chart from what I posted earlier for COIN, there's always several different angles. But one thing remains the same, this chart also looks incredibly bullish. I expect COIN to be a top performer in the next 2-3 months if BTC and NQ continue to rally. If it can break above $286, COIN is over $100 away from my next target at $368.90 and over $200 away from ATH. I think it may take a while for ATH, but I do think the $368.90 level could be hit this year, and relatively soon. It depends on what NQ and BTC do, but I expect a breakout like this to lead to an extended rally over the course of 2-3 months at least.Longby AdvancedPlays6
PLTR big bullish move these coming weeks Weekly Chart Monthly chart is showing a strong monthly Break and retest of the Support/Resistance level. Price has been struggling to push up from July 2023 to Feb 2024. And we see price finally breaking above S/R level with strong bullish momentum. Expected the price to come back down for a quick retest. Currently price is sitting on Support level with Month of May candle being a doji candle. Showing there is no selling pressure nor buying pressure. Waiting for the next big news event. Going into the Weekly Chart, we can see a clear bullish structure. Price is making HH and HL. Price has also pulled back correctively into 50-61.8 FIB. We also have a bullish trendline. The third tap of the trendline usually always gives a strong momentum with the trend. Confluence -- 1. Break and Retest of Strong Monthly S/R 2. Weekly Chart shows bullish impulsive move followed by a corrective move into 50-61.8 FIB 3. Tapping into Strong bullish trendline. Longby willisloyefx2
Important section: 1071.36-1130.53Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (1M chart) The key is whether the price can be maintained by rising above the Fibonacci ratio 3.618 (1135.97), which is the peak of the major uptrend. If not, it is expected to form a downtrend and form a new trend. (1W chart) The Fibonacci ratio on the right is shown in the major uptrend. The Fibonacci ratio on the left is shown in the recent uptrend on the 1W chart. Accordingly, if the price is maintained above the right Fibonacci ratio 3.618 (1135.97), it is expected to rise to the left Fibonacci ratio 1 (1339.36). The important section on the 1W chart is around 848.46. Accordingly, if it fails to rise above 1130.53, it should check for support near 848.46. The rising channel indicated by the circle is a trend line connected between lows. Therefore, if it cannot rise within the current rising channel, the key is whether it rises along the rising channel between lows indicated by the circle. (1D chart) The HA-High indicator on the 1D chart is showing signs of being created at the 1071.36 point. Accordingly, the important section on the 1D chart is around 1071.36. Therefore, the section 1071.36-1130.53 is the important section. This volatility period is around June 4th (June 3rd-5th). Therefore, it is necessary to check in which direction it deviates from the section 1071.36-1130.53 after the volatility period. Have a good time. Thank you. -------------------------------------------------- - Big picture It is expected that a full-scale uptrend will start after it rises above 29K. The section expected to touch in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 ----------------- by readCrypto2
msft shortMsft has completed the formation of 5 waves. tp1 is around 416.Shortby SeoVereignUpdated 115