stonkasaurusrex

stonkasaurusrex Updated 

I am not going to type up much today, please see my prior posts for my bullish thesis on Wish. Last time I provided a large write up someone stole it word for word and posted it as their own idea across multiple platforms. I have no problem with anyone sharing my work, but I would expect you to credit me for it rather than claim it as your own. Wish is now at...

stonkasaurusrex Updated 

Opportunities like this come around a few times in a lifetime. Major divergence on multiple indicators, major support just held, Baba is beat up beyond any rational point. Thank you Didi for pulling out of the NYSE for today's low. Even if Baba gets delisted or chooses to remove itself, I have absolutely zero issue holding this as an OTC stock. Fundamentally...

stonkasaurusrex

If you've seen my posts on Wish, I've been bullish and continually calling for the massive gap at $9.42 to get filled. However, Wish and many small to medium size cap stocks have been absolutely slaughtered over the past few months. As far as I can tell, the only selling drivers at this point are forced margin calls, tax harvesting (although I find this one hard...

stonkasaurusrex Updated 

Wish broke through what seemed like a quadruple bottom on it's $4.89 support line and since then it's been bombs away. The last trendline I have is the bottom of the descending wedge. Wish is now oversold on multiple time frames. It continues to set new all time lows day after day and is down over 30% in 5 days. But what I'm presenting is what we call the hail...

stonkasaurusrex

It looks like Gray continues to slide downwards after breaking down out of its falling wedge. Another falling wedge has formed and I'm now seeing bullish divergence on several indicators. This would seem to be a good entry point for those who can tolerate a bit of downside risk. My PT is still over $5 long term, good luck to all!

stonkasaurusrex Updated 

It looks like we saw a false downward breakout of the descending wedge this stock has been following since it was at $15 per share. Now we have an upward breakout of this same wedge, and saw a nice rally off major support at the $4.89 line. Wish immediately dropped 30%+ following the release of Q2 earnings, but more importantly has fallen over 42% since that...

stonkasaurusrex Updated 

Wish is entering a critical time period for shareholders. Earnings was moved up a day, causing an enormous volume spike and price increase to $6.25+, only to be sold off on low volume in the 5 days following off absolutely no news whatsoever. My outlook is currently long term bullish, with short term neutral to bearish with potential for large vertical spike. ...

stonkasaurusrex Updated 

My charts are all busted and Wish looks like it's dropping with no bottom in sight as it continues to make new all time lows. At some point value discussions and this market cap being beat up to the point where it becomes an irresistible takeover target should come into play and at these levels I have to imagine we are there. The only glimmer of hope I see...

stonkasaurusrex Updated 

Please look over my prior post about Wish - Potential double bottom for more of an explanation of my analysis. Monday's large market drop sent Wish downwards past it's prior low, so that idea is now toast. However, we seem to have rejected off of what appears to be an absolutely massive falling wedge that has been in play for months. The market is looking very...

stonkasaurusrex

There is a substantial bottom that has formed around $3.50, and the price action has bounced significantly off it three or four times now. I believe this last test of that mark was the launching point for this stock to get back on track. My theory is that this will likely be a slow uptrend with a massive spike caused by a news announcement, which is where I plan...

stonkasaurusrex Updated 

Wish has been extremely beat up since it's IPO, the company is throwing off huge revenue streams and I personally believe it's future is bright for a long term hold. However, in the short to medium term I am looking for Wish to form a double bottom in the low $6s, around $6.11ish, and to bounce off of that low breaking the downward trendline in that process. I...

stonkasaurusrex Updated 

It looks like we are seeing a buildup and consolidation of AMC after the recent jump and subsequent drop it had. Trendline is holding and momentum seems to be building. I am long AMC common shares and anticipate this to jump deep into the $50s within the next few weeks.

stonkasaurusrex

You like my clever title? Zoom out on this chart and you will see this stock has almost doubled in a matter of months. Monthly RSI is 90, daily RSI is about the same, this thing is ready to crack, and crack it will. It looks like we just backtested the most recent rising wedge trajectory, usually a fall is the next step. Do yourself a favor and consider puts at...

stonkasaurusrex Updated 

Wish has broken down out of two wedges, and near term is looking bearish. However, there is an extremely large gap to fill and it's daily RSI is now indicating that on a daily basis it is extremely and unsustainably oversold. Final point - please note the large volume the day after it dropped after missing earnings. It does not show up well on the daily, but if...

stonkasaurusrex Updated 

BABA has been pulverized over the past few weeks. I believe the attacks by the Chinese government should relent and that there has been an overreaction of selling based on this short term negative news. Looking at the chart we see extreme support in the high 40's, which is where I will put a stoploss, and RSI is showing that this selling is completely...

stonkasaurusrex Updated 

AHT has been beat up and rightfully so, it's management chose a reverse split and to dilute shares at a critical time as the price was gaining traction. However, at this point the reaction is completely and unsustainably overblown. This stock is now oversold on almost every major time frame, and technically looks ready to break this downtrend. I am hoping today...

stonkasaurusrex

Volume today and this past week on VXX has been significantly higher, showing accumulation and bullish divergence. Significantly oversold now I think the issue with options today or not knowing about the reverse split pulled in a ton of shorting which should add a short squeeze catalyst to a rocket fueled takeoff. Biden set the primer with a higher tax increase,...

stonkasaurusrex Updated 

I'm not recommending anyone follow my lead but here is a chart indicating where I think tesla is going to correct to. Once it hits that inflection point I truthfully have no clue where it will go. Leaning towards rocketing vertical again given the lunacy involved here, but under the current conditions and with today's close being slightly lower than yesterday's...