WL Observations 12/13/21
$AMC Entertainment(AMC.US$
Broke $28 support/trend line its held for 7 months. Could be a very bearish signal. then again, this stock does what it wants when it wants. Charts can only be so helpful, so keep an eye on the price action. If it starts to breakdown under $24.90. We could see $17-$12 areas as a gap fill down. Watching 24.90 closely for a bounce or a breakdown
F $Ford Motor(F.US$
52 week highs on Friday with significant volume,but bulls should be weary at these levels in my opinion. If you look back to 1998 about 23 years ago Ford hit an all time high of $22.84 which I think could be a key resistance spot. short interest is nonexistent . So anything around $22-$23 could be a potential short term profit taking area. I’ll be watching for potential puts idea off that 22.84 all time high. We’ll see if we breakthrough that area or it acts as a resistance
AAPL $Apple(AAPL.US$
An absolute Beast. Showing me
that this is where investors fellel comfortable putting capital when the markets go red. That price action showed me how strong AAPL was even with the few reports on slower iPhone growth and adoption. Now the RSI is getting a bit hot up here in the 80s… It’s looking overbought in the short term. I am not a buyer here but any 5-10% pull back could be a good opportunity to go long, very long
COIN
$Coinbase(COIN.US$
Lots of bears lots of bulls on this name. Valuation aside this runs on the BTC and Crypto charts. If we see BTC break $50 and start to approach all time highs again in the $60.000s this is a name that could be poised to push that $300 spot. I am not sold yet that crypto, BTC or ETH or any coin in the digital asset space will be the savior for long term inflation or interest rate spikes. If we that the fed timelines are increasing for rate hikes this week and BTC moves higher off that news I would be very bullish long term on BTC ETH $Ethereum(ETH.CC$ and COIN $Bitcoin(BTC.CC$
Broke $28 support/trend line its held for 7 months. Could be a very bearish signal. then again, this stock does what it wants when it wants. Charts can only be so helpful, so keep an eye on the price action. If it starts to breakdown under $24.90. We could see $17-$12 areas as a gap fill down. Watching 24.90 closely for a bounce or a breakdown
F $Ford Motor(F.US$
52 week highs on Friday with significant volume,but bulls should be weary at these levels in my opinion. If you look back to 1998 about 23 years ago Ford hit an all time high of $22.84 which I think could be a key resistance spot. short interest is nonexistent . So anything around $22-$23 could be a potential short term profit taking area. I’ll be watching for potential puts idea off that 22.84 all time high. We’ll see if we breakthrough that area or it acts as a resistance
AAPL $Apple(AAPL.US$
An absolute Beast. Showing me
that this is where investors fellel comfortable putting capital when the markets go red. That price action showed me how strong AAPL was even with the few reports on slower iPhone growth and adoption. Now the RSI is getting a bit hot up here in the 80s… It’s looking overbought in the short term. I am not a buyer here but any 5-10% pull back could be a good opportunity to go long, very long
COIN
$Coinbase(COIN.US$
Lots of bears lots of bulls on this name. Valuation aside this runs on the BTC and Crypto charts. If we see BTC break $50 and start to approach all time highs again in the $60.000s this is a name that could be poised to push that $300 spot. I am not sold yet that crypto, BTC or ETH or any coin in the digital asset space will be the savior for long term inflation or interest rate spikes. If we that the fed timelines are increasing for rate hikes this week and BTC moves higher off that news I would be very bullish long term on BTC ETH $Ethereum(ETH.CC$ and COIN $Bitcoin(BTC.CC$
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Marval : millions of retail investors own the float even more so it's not reflecting it's true value; but hopefully DOJ will do something
Pochong Marval : You are still on this narrative? Good luck.
Marval Pochong : yeah you better believe it
https://www.reuters.com/markets/europe/us-doj-launches-expansive-probe-into-short-selling-bloomberg-news-2021-12-10/
71367361 : You are right
Princess_ Naya : agreed
Pochong Marval : I believe market sentiment, technical analysis and risk assessment. There we go, $23.
PocketChange OP : Hope everyone grabbed those puts for AMC
