Still memes? Wake up 🙈

Let's look at the movement of the market hot cakes. Most of them are very bearish but it doesn't signify totally no hope from these stocks. We will look into a few stocks below. 

AMC 

After the huge drop in early September, AMC has been consolidated for over 3 weeks already. This pattern is very ideal and suitable for professional swing traders. Look at the price tonight, the stock rebound near the lower blue support line drawn and we should expect it rebounds to the upper blue line as its resistance. The gain is quite interesting too for short term swing trader. Therefore, I am short term $AMC Entertainment(AMC)$ for the stock as it rebounds from the bottom support line. 

AMC daily chart

Will AMC Theatres showing Taylor Swift's concert ilm globally starting Oct. 13 stimulate the stock price? 

FFIE

Another super dangerous and high risk stock, justified by its drastic drop since early August, non stop! 

FFIE daily chart

What happen to FFIE? In fact, shares of Faraday Future Intelligent Electric slumped 44% on this Wednesday, after the cash-strapped electric-vehicle company announced plans to raise up to $90 million through a stock offering as it attempts to improve its funding. However, the stock already drop for over 95%, I don't think it will continue to drop and become a penny. A very short term will be expected end of this week or early next week as the technical indicator shows that the stock is clearly oversold!$Faraday Future Intelligent Electric Inc.(FFIE)$ This is not investment, it's more like a bet if you trade it using your extra pocket money. Do it at your own risk. 

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