Do you play memes?

Shyon
2023-10-10

Market finally had some rebound signal last Friday and continue the movement early this week. Let's look at the same memes that we discussed previously. How are them going to move this week?

FFIE

The share price of Faraday remains quite flat over the past two weeks. It is still pending for an obvious move up or move down. From the RSI indicator as shown below, the stock is obviously oversold with a RSI value close to 22! We can observe that in May and September that the share price rebound once the RSI was near to this level too. Will the history repeat? With the oversold RSI, I am short term $Faraday Future Intelligent Electric Inc.(FFIE)$ Bullishfor it.

AMC

The cinema company! Following my several reviews in the past weeks, the stock finally welcomes a great rally after breakout from the consolidation zone, between 7.18-8.54. With this breakout, I continue to be $AMC Entertainment(AMC)$ for the company. However, there is a risk that the stock might pullback to the support at 8.54 before engage in next rally. 

AMC daily chart

How do you think, guys? Kindly share your point of view below! [Happy]  [Happy]  [Happy]  

@TigerStars  @CaptainTiger  @MillionaireTiger  @Tiger_SG  @Tiger_comments  

Meme Stocks
Stocks that gain popularity through social media.
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Comments

  • ChrisColeman
    2023-10-11
    ChrisColeman

    All on my watch lists are green today... what's happening? I thought all will go red because of the new war in the middle east... 🤔

    • Shyon: 
      Haha it's always good to see a green watchlist, no?
  • JohnnyYoung
    2023-10-11
    JohnnyYoung

    Run to reality. This is no money earnings business.

    Why invest in it?

    Just gambling. No free money at all.

    • Shyon: 
      Yeah solely for very short term trade. Some may call it gamble.
  • ChrisColeman
    2023-10-11
    ChrisColeman

    and the usual pump before horrible earnings. So predictable.

    • Shyon: 
      This is the hardest thing to judge. From my experience, it is always better to close position before earnings call.
  • BillyWilliams
    2023-10-11
    BillyWilliams

    no no no stay away from meme you’ll be happier

    • Shyon: 
      I was hurt by meme badly before haha!
  • icycrystal
    2023-10-11
    icycrystal
    thanks for sharing
    • Shyon: 
      Thanks for your support again
  • frosti
    2023-10-22
    frosti

    AMC monkeys like to have a bad guy to distract from what’s really going on with this play. They are grifters after all telling people to buy and hold while they momentum trade and play options…..

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