Time for your magic. Wish the pattern as (i)(ii)(iii)… of an impulse, target of (iii) min $610.
Use the right god, don’t mess it and become (a)(b)(c) zigzag
I know you are holding, but my unfortunate prediction is going down after results today…unless they are extremely good and make a big surprise on future earnings and buybacks!
Nothing to panic, it recovers positive later after hitting a possible bottom !!
BTW: Posted for discussion purpose, not a stock or investment advice !
I think he said you should buy GME, AMC, SNDL and BB. Near bankruptcy companies are better.
Anyhoo, quite usual for blue chips to sell off regardless of result. Just traders taking profit. The real move is few days later when institutions digested the result.
After some intensive fib numbers analysis, AH might have completed wave (2).(c ), and you guess it right, is a RUNNING FLAT… so common nowadays. If my interpretation is correct, wave (3) has already begun… target of wave i.(3) is ~$644 and wavei.(5) is ~$680… so I will try to buy 50 shares during PM 2mrw. When hit targets? Haven’t learn how to do yet.
Above info is provided for entertainment purpose, and is not a financial advice to buy, sell or trade NVDA.
See relevant chart below (many lines, can figure out the picture? ),
Huh? Refer to my chart… wave 4 (a complex combo pattern) has already completed since end Jan. Btw, chart below is not for those who suffer from chart-blindness. For those who doesn’t know EWT, in an impulse, there is always a sharp corrective wave (usually is a wave two) and a sideways corrective wave (usually is wave four)… not sure why someone is talking something that almost everybody know for and another one agree… ignorance is bliss? Refer to the chart below, see the wave 2 and wave 4?
Is there a bubble? Stop being so edgy. Get out of the market if you can’t sleep well. Bull or bear market, you should be able to make money, so bubble or not, doesn’t matter.
Bottom means? Ofc, share jumps up from bottom, regardless of making money or not in the long term. So long there is demand, UP it goes. Got study Econ 101?
Both of you need to attend a course on Econ 101, pay attention to the concept of supply and demand. Demand for shares is not just from one source (increasing revenue and profit), can be from other sources.
I do not know about GME, but expected AMC to go up and bought 5000 shares and failed to make money with traders mentality !
AMC is not Ignorance
For AMC, this was corrected by $20 pre-Covid to $2 as the shut all the doors. No revenue, no profit and about to file bankruptcy. I bought 5000 shares at $2.11 average.
Now, Covid is going away and they are opening stores (previously escaped from bankruptcy as they got more funding). There is a green light for revenue and profit and AMC started jumping now.
There is a clear fundamental drive behind the scene for AMC now and also short squeeze is being removed as company will soon get revenue and profit
No more update on company fundamental topic as I am wasting my time here.