The last time the MA200 ascended from a golden cross was in September 2020 and it is currently ascending from a golden cross that started in May 2024. Looking at the first volume spikes starting in September 2020, if we are repeating now and the shorts haven't closed we should see about 4 times the volume now because of the split. Looking at the volume in May, it...
Despite the 20 million share offer, they still haven't returned the millions of shares that they've borrowed recently. The slightest incident that requires them to have more shares (Like having to cover FTDs) may send it sky high. I shall keep an eye out for another ATM offer published during premarket. If it doesn't happen, then I think it's a go. Not advice,...
Why is GameStop price doing what it is doing? It is clear that the price has nothing to do with Company news, investor sentiment or fundamentals and that the price is controlled within a fixed set of parameters. Main stream media, mostly owned and/or controlled by hedge funds, are used to try and make sense of it all for Joe Public.
It has tested and failed this strong resistance 4 times over the last 9 months. If it can break through it with this week's earnings release, then I expect it to become a strong support.
It's the week before earnings release and looking at the previous earnings release, it seems a dangerous time to buy puts or sell covered calls. Not advice, only my opinion. You must do your own DD and what is best for you and nobody else.
Breaking out of descending channel after breaking out of falling wedge.
I noticed every time Barrick Gold and the US 10 Year touched on this chart, Barrick Gold shot up, and it looks like they are about to touch again. Not advice do your own DD and what is best for you.
At the end of a falling wedge with a double bottom and RSI just coming out of oversold. Barrick has reported preliminary Q2 sales of 1.00 million ounces of gold and 101 million pounds of copper, as well as preliminary Q2 production of 1.01 million ounces of gold and 107 million pounds of copper. The Company remains on track to achieve full year gold and copper...
It has bounced off the MA200 again and is consistently staying above the MA50
I cannot remember ever seeing such a bullish setup for NYSE:GME since starting to follow it in January 2021 Yes, there was 1 golden cross before, Yes, there were many double bottoms before Yes, there were many confirmed uptrends before Yes, there were many solid gamma ramps before Yes, it bounced off the MA200 once before But all together? No With that, UBS...
NYSE:GME had a double bottom and since them two higher lows confirming an upward trend. It bounced off the 200 MA and is set to have a golden cross before next Wednesday.
When Bollinger Bands® (Yellow lines) are far apart, volatility is high. When they are close together, it is low. A Squeeze is triggered when volatility reaches a six-month low and is identified when Bollinger Bands® reach a six-month minimum distance apart. (www.investopedia.com) Morningstar data is currently estimating NYSE:GME fair value at $48.42 Zacks'...
GME back to the future, just this time on a much larger scale.
The day chart is currently squeezing. With RSI just above neutral, MACD about to change green, OBV climbing and price above the base lines there is a good change that it may fire upwards. Crossing $23.66 will confirm a breakout of the downtrend resistance. Not advice, do your own DD
Overlaying the pattern starting from Jan 5th, the match is so perfect it's haunting. Even the gap from yesterday close to this morning premarket is a perfect fit. The bars are open/close without wicks. Not advice, do your own DD
This is not advice, only my opinion. You must do your own due diligence. I'm full bear on AMC. It's overbought on hype created to maintain the #AMC #GME swap. Neither fundamentals nor short interest supports the current price. It has a long way to drop and money to be made.
After the death cross on December 15th, it looks like the cycle has run its course and like the 50 day moving average are about to cross the 200 day moving average around the middle of August giving us a Golden Cross