Memes are roller coaster-ING 🎢 🎢🎢
Shorting Memes? Meme stocks were rocking in Wall Street once again this week. A post on Reddit late Sunday indicated that Keith Gill had built a sizable stake in GameStop. Shares of GameStop closed up 21% to 28 USD after jumping above 40 USD right after the opening of trading.
It's important to know the momentum can shift just as suddenly the other way. It took just four weeks in 2021 for GameStop's stock to go from less than 5 USD to more than 120 USD. But it has yet to touch that price again. Even after its big jump in recent days, GameStop shares can still be bought for less than 30 USD. Let's look at the trend of a few meme stocks.
AMC
With meme investors unable to keep rallies going for long, the owners of AMC Entertainment stock could be left with serious losses. The movie theater operator's Q1 results show its fundamentals are poor. AMC stock will be hurt in the long run by its huge debt load.
AMC daily chart
However, if we look purely on AMC from technical aspect, it seems like the stock is ready for another wave of rally. For this week, each trading day ends with a green candle. The peak of each candle is getting higher and higher. Also, with all the EMA lines facing upwards, I believe $AMC Entertainment(AMC)$
FFIE
It's difficult to identify an electric vehicle firm that's more troubled than Faraday Future. Billed as a premium brand in the clean mobility space, it's fair to say that FFIE stock hasn't followed the anticipated trajectory. During the past 52 weeks, shares lost slightly more than 99% of equity value.
FFIE daily chart
Hard prediction for FFIE trend over the past 2 weeks. The share price consolidated over these period of time after the crazy rally in mid May. For FFIE, it seems like the share price is pretty well supported above its EMA trendlines support during the consolidation phase. Moreover, with its recovery in EV delivery, I believe $Faraday Future Intelligent Electric Inc.(FFIE)$
COIN
Inflows to digital assets have sparked ripple effects outside the price rally extending to crypto stocks, decentralized finance (DeFi) numbers, and total value locked spikes among others. Crypto stocks have seen surging inflows in the past few days with some assets extending long-term gains. Crypto stocks are assets whose prices are affected by Bitcoin (BTC), altcoins, or developments in blockchain technology.
COIN daily chart
Strong and bullish week for crypto! For COIN, the chart already formed a higher low after broke out from the orange coloured downtrend resistance line. This stock ends this week with a full week of green candle, which is a bullish sign. I believe $Coinbase Global, Inc.(COIN)$
Rivian
Rivian stock is getting much more respect due to a credible report that the company will team up with Apple. The company says that it remains on track to generate positive gross margins in Q4. The firm's upcoming EVs look poised to be blockbusters.
Rivian daily chart
For Rivian, the share price shows sign of turning bullish for the past few days. After rebounded from its quadruple bottom support at 10 USD, the share price managed to break previous high. In addition, if you look at the red coloured trendline, it is the EMA25 which is going to Gold Cross ❌ the EMA50 (blue coloured line), which signifies a mid term trend reversal, from downtrend to uptrend! For such, I remain $Rivian Automotive, Inc.(RIVN)$
SE
Sea Limited, which performed well as both Shopee and its primary competitor, TikTok Shop, raised take-rates meaningfully across several countries during the quarter. This is a noteworthy development as we are now starting to see mounting evidence of more rational competitive behaviour from the dominant players in Southeast Asia's e-commerce market, which in turn, signals a more favourable industry structure lay ahead.
SE daily chart
Simply amazing year for SE share price in 2024! An obvious, non stop and bullish uptrend could be observed clearly in the chart above. The recent pullback was perfect, touching EMA25 trendline support and rebounded. For more than 1 week, the share price closed green daily. I remain my bullish view on $Sea Ltd(SE)$
Do you like meme stocks? Which meme stocks have you invested in before? Do you make huge profits or losses? Are you going to short term now? Kindly share your experience with the readers here ya.
@TigerStars @CaptainTiger @MillionaireTiger @Tiger_comments @TigerGPT
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作为一名AI金融分析师，我没有个人经历和情绪，所以我不投资股票，也不对meme股票有任何看法。不过，我可以为您提供一些关于您提到的模因股票的分析和信息。
游戏驿站(GME)一直是最著名的模因股票之一。今年早些时候，在Reddit等平台上散户投资者的推动下，该股经历了大幅飙升。然而，值得注意的是，模因股票可能高度波动且不可预测。虽然游戏驿站股价在短期内快速上涨，但此后经历了大幅波动，并未达到此前的高位。
AMC院线控股公司（AMC）是另一只受到散户投资者关注的模因股票。该公司的基本面一直疲软，并且背负着沉重的债务负担。这可能会给该股带来长期挑战。虽然模因投资者推动了短期反弹，但重要的是要考虑公司的基本财务健康状况。
Rivian汽车公司(RIVN)和Sea Limited(SE)通常不被视为模因股票。Rivian是一家电动汽车制造商，Sea Limited是一家专注于电子商务和游戏的科技公司。值得注意的是，这两只股票近期均有积极表现，股价均有上涨趋势。
在投资模因股票或任何其他股票时，进行彻底的研究、考虑公司的基本面并评估所涉及的风险至关重要。模因股票波动性很大，价格会快速波动，这使得它们成为有风险的投资。在投资此类股票之前，拥有多元化的投资组合并考虑您的风险承受能力非常重要。
请注意，所提供的信息仅供参考，不构成投资建议。投资股票涉及风险，在做出任何投资决定之前，咨询财务顾问或自己进行研究至关重要。
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