Updated

AMC Update

Well they pumped it despite bad earnings, if they can't make money during a blockbuster summer season, then they'll never make any money.

But a lot of crap stocks with crap earnings like Wayfair and BYND went up on a short squeeze, and meme stocks are even squeezier, so I don't think this is over yet. Did an overlay using the highlighted area.

Note: Both RSI and MFI are overbought on the daily, so any long position here is pretty risky. No position because options premiums are way too high.

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Seems to be tracking my overlay more or less. Options premiums are too high to play with this

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Still tracking my overlay, if it continues next week then we'll see a dip and whipsaw on Mon/Tues and the rally resumes Wed.

Overlays aren't perfect though.... could just be a one day dip.

Trade active

Bought the dip today with my HSA account along with some calls in my cash account.

If my overlay is correct then we see $27 again tomorrow

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Forming a pennant, and my overlay says the big pop doesn't happen until tomorrow. Buy the dips when it goes red because the call option premiums go down when it's headed down.

Don;t chase the pops today

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Or just wait until EOD

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BTFD! lol.

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Target for tomorrow is $27.5 EOD, target for next Tuesday is $31. Might overshoot and get a double top at $34

Added a few more here, I'm done for today

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Appears to be moving up earlier than I anticipated, not that I'm complaining. Told ya guys to buy the dips this morning.

Trade closed manually

Bailed this morning for a small profit. Lame.

These short squeezes are so hard to predict, too bad I didn;t get into BBBY instead

hungry_hippo

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hungry_hippo