This meme has lost so much steam. Sure the RSI and MACD show "bullish" but given the lack of volume and price action, GME is just a continuous downtrend. People still buying this above $150 are just throwing their money away. If there is ever another relief rally or random spike again I highly advise you get out while you can.
GME bounced off resistance at 343...
While PLTR has fallen out of the uptrend, it looks like it is trying to break the short term downtrend. If PLTR can close above $25 in the coming few days, it is possible it can start another trend. Continuing the climb back upwards
Oil will continue to rise in price. As such, USO will rise as well. On 7/9/21 USO was able to close above the short term downtrend. Right now this is signalling a breakout for anything above $51 next week. Volatility will probably increase, but given the current trend, RSI and MACD, there should be a steady gain over the coming weeks as we near August.
SPCE should be valued at NO LESS than $55 come August. After today's successful flight and the current bull flag it is in. It would come as a surprise if we brokedown from here. Opening above $50 on 7/12/21 would indicate a nice run up for the following week
CLOV has been a failed meme ever since it was pumped to death nearly a month ago. There is no price action, volume or any chance of this bouncing. It would take another combined effort for everyone to pump this garbage back up into the double-digit range. CLOV can't even test the current downtrend resistance line no big fish wants to touch this garbage
Right now is a consolidation phase. I wouldn't buy any options right now until a direction is confirmed. It could be a few weeks before CELH breaks out of the current pennant. Given the current volume and MACD action, it is more than likely going to trend a little lower before making an attempt to breakout. Breaking out of the current trend could signal a test of...
AMC has been a dead horse of a meme for far too long. Volume is trash, virtually no support, and lackluster attempts to breakout since the rise past $55. I was fortunate enough to make a quick buck with a few calls from $32 - $45 and haven't touched it since the climb up. If I had to choose, I'd get some $40 puts at least a month out. Looking at the MACD, RSI and...
Given the current trend of resistance and support, AMD is making a gradual climb back upwards. As long as AMD doesn't fall below $85 in the coming weeks and ER doesn't fall through, we could see $100 in the coming month or two.
Given the aggressive climb in price, it is possible that we continue the current trend upwards and see a potential high of $150 near the beginning of August. Or at a minimum, see the price no lower than $130.
Looking to find support on the upward trend around 82.50 from Friday. If it falls below I'm expecting to see us test the 79 and 76 price points for support. If it can bounce on the upward trendline AMD will hit 100 by Dec 20.
The chart looks like it is testing the lower trend line. Possibly seeing another test of the $23 range here on the short term. If it does break it we could possibly see $25 in the coming months
