AMC: Two Bullish ScenariosHello Traders and Investors,
A lot of people are hype about AMC. Taking a quick glance at AMC, I noticed a very nice setup happening and it intrigues me a lot. There are two bull trades coming up; indicated with blue and green lines. I am waiting for a breakout to happen to take the trade.
I do have a small long term position on AMC as I think it will get to $220 eventually once the squeeze happens. But in the mean time, there are a lot of trades to be taken in a volatile stock when the opportunity present itself.
Check out my long term post on AMC and why $220 is my target.
Let me know what you think.
HOLD
Is $AAPL headed to $150?*Before reading the information in this please understand the risks associated with both the stock market and investing as a whole. ALWAYS do your own research; invest with conviction, rather than emotion.*
*Please understand I am in no way a professional and offering investment advice, all ideas shared are simply opinion.*
*I work with a team of individuals that does research into potentially undervalued publicly traded companies. We use a mix of fundamental and trend analysis to formulate a trading plan for our securities.*
My team and I have always had a love affair with Apple ($AAPL) and their operations. It has recently been correcting on the charts from a $150 price point, and based on the the company's performance last week, we believe Apple has broken any bearish pattern that may have been apparent on the charts.
Apple is a notorious company with a brand equity that is currently unmatched in the electronics industry. Holding this company makes sense in any portfolio, this tech giant has showed time and time again it is the clear standard in consumer electronics sector. They have hold of a very large market by having a variety of products, these products all having some level of interconnectivity to one another. This interconnectivity has created a level of dependence for their consumers, meaning consumers do not want to buy non-Apple products simply because they already own many different Apple products. They are also able to sell older models of their devices at a discounted price, further increasing their market capitalization.
Regardless if you are chasing Apple to the $150 price point, securing yourself a good long entry for a long-term hold, or just riding Apple up on this bull run, buying at this price point certainly appears to be a good idea. Our price points are as follows:
ENTRY: $127
STOP LOSS: $120
TAKE PROFIT 1: $140
TAKE PROFIT 2: $145
TAKE PROFIT 3: $150
Check out my team over at @SimplyShowMeTheMoney
Members of our team are followed there.
XBT pitchfanIf we compare the pitchfan on XBT I think 312K is the bottom we reached afte the correction. The trend is coming aup a bit, bit I suppose we will not break the 39K soon. It will took more time and maybe we have to readjust the analysis later. Right now I reccomend to hold bitcoin and not hope for the next breakout in the coming weeks. But for the loner term, there could might be the next step above 40K - if you patient.
buy and hold btc right now as we can see the chart bitcoin complete his 3wave correction based on elliott and macd in range market give us a positive or bearish divergence so ithink btc down trend or side trend will end and probably we have bearish bitcoin and now its time to buy and hold it
format of bearish market is 5 elliot wave in up trend mode and if we being logical we have a strong resistance and upper than that we have huge range box of resistance
that box is dangerous(based on fibo retracement and extension) because its to strong and maybe btc on that box fall
AMC: $220 Price Tag If Squeeze HappensHello Traders and Investors,
This is my long term view on AMC and where I think price will reach if the squeeze happens. Similar to Bitcoin and GME, when both assets reached the 1.618 fib extension they both had a steep drawdown and never went above it even as of today.
Using the same strategy to pinpoint potential targets. I believe $220 is a great price target to take major profits off the market if it is reached. It is best to have a target set, that way when the action happens, you are ready to take action based on predetermined conditions and not on pure emotions.
Let me know what you think.
Bitcoin looking ugly.Currently forming a head and shoulder pattern in the daily chart, even though this is a very strong bearish pattern I think we can see a quick movement to the upside to liquidate all of those who are shorting and are about to short Bitcoin right now, only then after they are finished with them we can continue with the movement to the downside, possibly heading to the 23k area.
Trap after Trap, I'm thinking different from the mass (LONG)Falling channel on the daily chart, probably retest the low of 28500. If broke 23/26 k would be a consistent pool of liquidity to push hard prices around 40k to squeeze the big short. And if this happens the euphoria will retourn and probably a summer rally can push BTC to all time high around 75k by the end of september with the real top of cycle. Maybe I'm wrong but I am LONG in the mid term, the best is yet to come. Just wait and enjoy the summer.
Bitcoin SwingLast swing went great and it's currently looking good for another swing set up.
Price broke out of a rising wedge in the 1hr timeframe which is both a bearish chart pattern and a bearish signal.
MACD is about to cross on the daily timeframe and Ichimoku cloud is still thick meaning strong momentum is there.
Expecting more dump in the next coming weeks so I set up a swing here.
I am expecting a big dump so I may hodl this swing for a couple of weeks.
Stop is a bit tight so I might extend it up to possibly a 3% (30% since I'm leveraged), but first I want to see how the current set up plays out.
If I get stopped out, no worries. I'm risking what I can afford to lose.
Disclaimer: This is my personal opinion and is not to be taken as financial advice.
$TSLA as neutral as it gets*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Elon Musk: "Tesla has diamond hands"
$TSLA is one of the top most talked about and traded stocks right now. Its staggering growth within the past two years is evidence of its potential, but regardless $TSLA was long overdue for a correction at some point.
$TSLA now sits at $618.45 per share after correcting from its 52-week high of $900.4.
My team has analyzed the financial sheets of numerous companies, large and small, but only few have matched the absolute beauty that $TSLA really is behind the scenes. Not to mention the fact that $TSLA is so much further ahead with their electric vehicles and self-driving technology than the likes of competitors such as Ford, Toyota, GM, and even Nio.
My team is patiently waiting for $TSLA to breakout from the triangle on our chart.
We believe in our hearts that $TSLA will continue to be a dominant player in the market long-term, but sometimes believing just isn't enough. So for now we remain neutral on the sidelines.
Our patience will be rewarded...
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DVN Uptrend - What to expect I took some time this morning to go over the chart for Devon Energy. It looks like there is a lot of room for potential. 35 Analysts say 86% BUY. Trend continuity is in perptual uptrend. There's a steady diagonal line there. Earnings report coming up in July. There are some good short squeeze positions at the pinnacle of those bounces as well however if you buy now and hold until the end NYSE:DVN of the year there is a good potential for gains at just under 50%.