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Gamestop

GME Liftoff?Lines made on 1 Minute Scale, so thats why it doesn't quite line up. Trust, super clean on scale it won't let me show. If you look at the smaller top triangle break on smaller scale, it consolidates on other side, bull flags into a cup and handle. I wish it would let me show that, but I'll try to toss a bone anyway. The bottom channel in red is the consolidation on the other side. Just once again, a little wonky on size up. I was going to wait for break in upper triangle to post, but that's too many bull signs to not say something. 172 @ 50.23 avg 777 PT, at least more than 250 Goodluck, Happy Trading.
NYSE:GMELong
by LemonKing
6
GME Falling Wedge pattern - Breakout Imminent!The Falling Wedge pattern can be observed here on the 1h chart. Here is why: 1) There are three reaction highs and reaction lows (circled in red) that are currently converging. 2) Volume is tapering off somewhat suggesting that selling pressure is abating. 3) An upwards breakout on a volume spike will confirm the pattern and is a very bullish event. A downwards breakout from the wedge implies a continuation of the downtrend and is thus bearish. 4) If a breakout occurs upwards watch for potential points of resistance near the previous reaction highs. 5) If the price exceeds the reaction highs and manages to consolidate above it, it will become a new support level. Use indicators such as Chaikin Money Flow to follow where the money is going. CMF down - expect the price to head down. CMF up - expect the price to go up. Please let me know whether you liked the idea. I personally am a believer in the long position for this stock at this time.
NYSE:GMELong
by LordFrostEye
8
$VIX - Ready for a small-mega spike (VIX & GME intra-week moon)Vix is ready to blow up any moment. From the looks of it, i recon it'll be blowing up intra-week this week. Grab your daily contracts boys. Make sure to be loaded up on GME, when VIX blows up, GME is going to do the next mini-squeeze but not the MOASS (Mother of all squeezes). If this VIX pattern continues +1 more time after this, that may be the MOASS. Vix would touch 40 in that case. Looks like people got too comfortable and thought they could buy the dip, nope, there's more dip where that came from.
TVC:VIXLong
by leenixusu
1
FUTU parabolic move coming to an end or moon?$Futu... very aggressive moving stock here, Chinese holding company that has gone parabolic, watching to see a continuation to retest ATH or a hard drop! Not a good long term stock imo, very volatile and only recommend going in this for short term swing or day trade. Expensive premiums and high IV on contracts, choppy movement or flat movement after hours will kill your premiums and contracts will lose value quick. *side note* I have been busy with work and school and still have some personal things to handle this coming month but will be dropping some charts and affordable plays later. As of now the market looks bloody as we rotate to different sectors each week. Set watchlist by sectors and see where the money is going. Lots of strong company names (aapl, tdoc, sq, tsla) on sale and are at a great spot to add them to long term portfolios. It is safe to stay away from short term swings as there is lots of market uncertainty due to stimulus, memes, inflation, etc. Don't get burned trying to catch the bottom, sacrifice a little profit and wait for clear signs of reversal. Don't know signs of reversal? well now is your time to do some research on TA, FA, Market psychology and more. I will also be uploading more educational videos covering that as soon as I can!
NASDAQ:FUTU
by jUiCE_Trades
4