Memes, here we go 🤢
Short term traders, time to relook into meme stocks for very short term trade! This is mainly due to market starts stable down a bit and might remain sideway after last week Jackson Hole conference. Therefore, I think there might be some opportunity to make quick profit on these stocks, but bear in mind that the risk is very very high.
AMC
After experienced one of its worst weeks, $AMC Entertainment(AMC)$
Coin
This might not exactly be the meme stocks but it's crypto related and is usually related to the meme theme. The share price seems to be quite bearish with consecutive drops over since mid August. However, I am still $Coinbase Global, Inc.(COIN)$
FFIE
Obvious breakdown signal for the first day. New historical low. Very bearish signal with huge volume, really not a good sign for the stock movement in short term. Therefore, I am bearish for $Faraday Future Intelligent Electric Inc.(FFIE)$
OXY
Occidental Petroleum, an oil and gas producer recently released its quarter earnings results. Despite a decrease in revenue as compared to the same quarter last year, OXY showcased a significant returns on equity and a healthy net margin. Therefore I am $Occidental(OXY)$
Grab
Wrong prediction for $Grab Holdings(GRAB)$
@TigerStars @CaptainTiger @MillionaireTiger @Daily_Discussion
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It is important to do your own research before investing in meme stocks.
The recent data shows that meme stocks are still volatile and unpredictable.