Usually the fireworks have already happened by this point in the summer.
Still an ascending wedge running out of steam, but I wanted to chart it again just to see what a more conservative date for the point of failure might be. Overnight borrow rates are utterly mental. The real estate market is teetering on catastrophe. Delta is laying waste to conspiracy theorists in the Bible Belt and Midwest. Supply chains will once again be...
There's a very clear bull pennant near completion for XAG. The flagpole started at 12.134 (lower wick) and goes up to 29.592 (upper wick). More conservatively, the pole would be slightly shorter, but this range is what I view as the maximum potential move after the completion of the pattern, a somewhat drastic movement of 17.458. According to the range of the...
In the image above there are some strong trendlines that pass through the yellow rectangle. Two are particularly strong, and two not quite as strong. The downward trendline cuts through the other three, and I believe one of those will be where we see a drastic upward movement. Why? It's a uhnch, really, but I believe that this is a heavily manipulated stock...
This tightening wedge on decreasing volume...I mean? How much longer can this go on? I know the markets can stay irrational for longer than anyone can stay solvent, but how long can the markets run on fumes and run the Repo market into the red simultaneously? This is going to get ugly.
I placed this line some time ago and it continues to be a significant trendline on the chart. Keep your eyes on this one.
One of these two things will play out, I believe. Bear wedge.
If I had to make a guess, this is what I see happening. After that, chart a course for warp speed.
This is a bullish continuation pattern very clearly completing on the chart. a.c-dn.net Not sure how the flagpole portion would be measured here, but with highly-manipulated stocks like this it might not be relevant.
CwH clearly on the chart. This is just the beginning mi bredren.
Just broke through a very reliable trendline yesterday, but I believe the technicals for GME are thoroughly out the window. We'll see how it plays out.
Just thinking out loud here, folks. I've seen this happen before and it looks like it might be right now, as well. Either way, long. Buy and hodl, mi bredren.
Today's breakout is a very nice thing to see, but I think the real date to look out for is May 4th as we're a bit above the rim and we could come a wee bit down from here. I'm thinking either that happens or we see this rocket really take off. Rumor has it that retail owns the float on this badboy, so if the price climbs those with short positions are really...