Donate to or Gain from MEME πŸ€”

Shyon
2023-10-16

Anyone of you manage to make some profit from Meme stocks for the past few weeks? Or it's the meme which grab the money away form your pocket? πŸ’ΈπŸ˜‚ Well, let's look into a few meme stocks today from technical aspect. This is purely for study purpose as investing in meme stocks is not recommended due to excessive risk.

FFIE

The stock was performing badly since August, and I believe it should have reached its near term bottom. The consolidation phase over the past few weeks proved that. However, there's no any sign of rebound yet at this moment. With the RSi showing oversold and the probability of upside is much higher than downside in near term, I vote $Faraday Future Intelligent Electric Inc.(FFIE)$ Bullish, hoping for a strong rebound anytime. 

FFIE daily chart

AMC

Pretty nice breakout from the blue consolidation phase last week, but the pattern was a bit spoilt by the big red candle last Friday. However, I am still $AMC Entertainment(AMC)$ for the company as the pullback to the upper blue line support is still consider a healthy movement. Most importantly, the stock might gains some rebound, boosted by Taylor Swift concert movie. The film had scattered the company's record for single day advance ticket sales! 

AMC daily chart

RBLX

Roblox, a fantastic performance of the stock price for the past three weeks. Current price is pretty near to the support at 29.33. Therefore, even if there's a retrace, the downside is limited for short term, thus I am $Roblox Corporation(RBLX)$  for the company. Another stimulus is Mattel and game developer Gamefam are bringing Barbie and her Dream House to Roblox! 

RBLX daily chart

SE

Sea operates Southeast Asia largest e-commerce company, Shopee, in terms of gross merchandise value and number of transactions. Originating as a gaming business, Arena, Sea expanded into e-commerce in 2015. Technically, pretty nice reversal trend from SE recently. The stock price was rejected by the gap last Friday but it should continue to trend higher and fully close the gap with a potential gain of 20% from current price. 

SE daily chart

Therefore, I remain my bullish view on SE $Sea Ltd(SE)$ Bullish, as per last week review. 

OXY

Last but not least, let's look at the oil counter, OXY! Oil stocks rebounded recently due to the the attack of Hamas militants on Israel. This conflict has raised fears of rising friction in the Middle East and the tension ignites engery stocks like OXY. If we look at the chart below, $Occidental(OXY)$  is showing a nice gap up with downtrend line breakout last Friday. More upside is anticipated next week. 

OXY daily chart

How do you think of these meme counters? Kindly share your insights with us guys @TigerStars  @MillionaireTiger  @Tiger_comments  @Tiger_SG  @TigerEvents  @CaptainTiger  

Meme stocks "TO THE MOON" Again?
Meme stocks like TPST, OPGN, SECO present over 100% gains overnight. ------- [Topic] Is the meme stock craze back? Which stock is the next target?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • BorisBack
    2023-10-16
    BorisBack

    I am calling for a hold at current levels, but just like Warren, if OXY share price were to drop into the $50s, it would be time to add

    • Shyon:Β 
      I would have do the similar thing too.
  • KittyBruno
    2023-10-16
    KittyBruno

    I think Occidental Petroleum Corporation stock is a Hold above $60, but would add to our position in the middle $50s

    • Shyon:Β 
      The crisis in middle east now may cause the price to trend higher.
  • MyrnaNorth
    2023-10-16
    MyrnaNorth

    OXY's rich Uncle Warren has increased his stake in the company, adding the luster of his storied name to the company

    • Shyon:Β 
      Yeah, he always got great insight.
  • Jo Ker
    2023-10-16
    Jo Ker
    SE is hardly a meme stock bro🀣!
    • Shyon:Β 
      Two years ago still a yes, now maybe less popular due to got other new memes.
  • Aqa
    2023-10-16
    Aqa
    Liked and shared. πŸ‘πŸ»
    • Shyon:Β 
      Thanks for support.
  • KSR
    2023-10-16
    KSR
    πŸ‘
    • Shyon:Β 
      😁😁😁
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