Just some short sharing on the meme stocks. The return from these stocks might be huge and amazing during the rally but the impact will be equivalent big when the heat wave is over.
The recent example will be AMC, which shot up on Monday. After that the stock experienced a continuous 4 days drop, almost 30%. If you look at its chart, this stock had been rejected 3 times recently by its longterm trend line, ema200.
3 times rejection
I take a risk prediction for FFIE after it retraced for over one week. Since the company announced that it intended to enact a reverse stock split, the share price turns to be extremely volatile. The reason I am bullish for it, is due to the market positive sentiment on the EV sectors recently.
Crypto
$Coinbase Global, Inc.(COIN)$ Bullish vote for coin for the increase trade interest in crypto sector recently.
Oil
$Occidental(OXY)$ hBullish it is scheduled to release second quarter results on 2 Agusut after market close. I believe the stock will benefit from the stable and increasing oil price recently.
Lastly, for another hot counter, $Grab Holdings(GRAB)$ , its recent trend is quite strong and I believe that it is going beat the consensus forecast thanks to an acceleration in its on demand gross merchandise value amid tailwinds from economic reopening and a recovery tourism in Southeast Asian.
@MillionaireTiger @Tiger_SG @TigerEvents @TigerStars @CaptainTiger
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Comments
Especially high volume was seen for the $4 strike put option expiring September 15, 2023, with 39,451 contracts trading so far today, representing approximately 3.9 million underlying shares of AMC.
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This would be THE PERFECT TIME to release major update NOW , as everyone thinks including myself, that the stock will stay at $5 five dollar today š
Shorts are so crazy. They think that I and many of us that bought this valuable shares at over $50 sell it at $5????
Meme stocks are often driven by social media sentiment, and they can be subject to sudden and unpredictable price movements.
Retail investors are increasingly using social media to share information about stocks, and this can have a significant impact on stock prices.