As we observe, Donald Trump's meme stock skyrocketed in March but has now crash-landed. Similar to most of the meme stocks in the market, their explosive rise and dramatic fall show how powerful people can wield their influence to create vast amounts of stock-market wealth, but it doesn't last long without a real business behind it. Let's continue with our weekly meme stocks analysis. As usual, the first one will be AMC. Out of expectation, AMC began to rebound since earlier this week. Last year AMC rode the popularity of concert movies from Beyoncé and Taylor Swift. The movie-theater chain reaped the benefits of "Renaissance: A Film by Beyoncé" and the record-breaking "Taylor Swift: The Eras Tour." In addition to showing the concert movies in its theaters, AMC was also a distributor for t

Last week, most of the meme stocks, including Reddit, Trump Media & Technology Group, AMC, and GameStop, plummeted after the S&P 500 Index dropped following the release of the March CPI report. S&P 500 Index (SPX) retreated amidst growing economic uncertainties and investor anxiety over inflation figures.  As we know, many meme stock investors have a much shorter time horizon in mind as they look to quickly flip speculative assets if the price spikes to turn a hefty profit. However, the risk of investing in meme stocks is more like a betting. Today, we will look in a few meme stocks analysis:  To begin, let's start with AMC. For such stock, no point to look into its fundamental at this moment. From its technical chart, the stock experienced an obvious down trend

Recently the market is hot with meme stocks again, mainly due to Trumph related counter like DJT and also AI related IPO like ALAB and Reddit. However, it is important to understand that investing in any meme stock or “meme coin” is a risky endeavour. Surges in price that cannot be explained by any company fundamentals are called asset price bubbles. Speculative bubbles are quite common in financial and cryptocurrency markets and offer opportunities to generate abnormal returns in a short period of time. We will talk about a few famous memes in this article. Well, let's start with the classic meme, $AMC Entertainment(AMC)$ . Earlier this week, the share plummeted after the theater chain indicated that it might se

Hi everyone! Today we’ll be looking at a former “meme” stock: Corsair Gaming, Inc. (NASDAQ: CRSR) A look at the monthly chart shows a flag pattern with higher lows and lower highs, with the higher low confirmed on RSI as well. The most interesting development on CRSR is the breakout above the flag that we noticed in December last year. A look at CRSR on the daily suggests that this is the 7th time (in general) that the stock has tested the upper trendline, and it has finally broken out on this attempt. More recent price action shows that accumulation has been taking place on the way down, to, and on the way up from 11.45 with significant buying pressure around 11.45 indicative of a potential double bottom setup as well. The breakout of the falling resistance trendline led to rejection a

Market seems to experience some technical rebound this week. Is this a trend reversal or just some dead cat rebound, it's hard to conclude at this moment, so do trade with cautious.  Usually the meme stocks tend to rally crazily once the market sentiment turns positive. However, never hold long and remember to take profit once you hits your targeted profit. Let's look into the trend of several memes.  FFIE daily chart The prediction earlier last week was correct, with strong two big green candles of rebound but the stock end flat at the end of week after a crash on last Wednesday. Anyway, it's still a very risky trade of this company. From technical point of view, the blue support level near 1 dollar seem to be a strong support. With current price, the risk reward ratio seem to b

$GoPro(GPRO)$ Just want to see this stock re-act see it will drop until delist 😅

How many of you have been killed by meme stocks? Or your investment funds being stolen by meme stocks. Of course there are some investors who gain jackpot from these meme stocks too, high probability back in 2020 and 2021 but with very low winning rates over these two years. Roller coaster Let's look at the so-called roller coaster memes. The first one will be $AMC Entertainment(AMC)$ Bullish.  AMC daily chart Pretty nice consolidation of the share price between the two blue lines that I draw. We need to monitor closely and see whether the stock can break over 8.61 resistance. It tried yesterday but to no avail due to a heavy selling pressure. Anyway, I think the share price should retry this resistance agai

If you follow the prediction on meme stocks last week, it was a big win for FFIE, with about 40% gain in 3 days. However, the engine had not yet engaged for AMC. Let's monitor and look in details on their current trend now.  AMC AMC rose 2.70% to $8.36 last Friday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ falling 1.56% and Dow Jones dropping 0.83%.  As discussed last week, AMC was expected to rebound based on RSI indicator which showed that the stock was at an oversold zone RSI < 30. However, the stock was yet to have significant rebound last week.  AMC Daily Chart with RSI If we look at its hourly chart, it shows that a higher low pattern was formed. If the candle is able to breakout somewhere near 9,

General Last week, U.S. stocks experienced mixed performance. The ongoing rise in oil prices further lowered the market's risk appetite. This also led to the U.S. Dollar Index hitting a three-month high last week. Bond yields in the U.S. continued to climb as well. This indirectly indicates that the Federal Reserve may not be able to cut interest rates too quickly, as it could reignite inflation. Let's look into the following meme stocks: FFIE This EV maker had experienced a tragedic weeks and the share price starts to find its short term bottom and currently at consolidation phase.  FFIE Daily Chart The stock attempts to rebound tonight but the selling pressure remains strong. However, I am $Faraday Future Intelligent Electric Inc.(FFI

1. SPAC $iCoreConnect(ICCT)$ skyrockets 117% after it resumed trading on Wednesday $iCoreConnect(ICCT)$ jumped 117% when it resumed trading on Wednesday, August 30, 2023.Several days ago, healthcare technology company $iCoreConnect(ICCT)$ completed its business combination with FG Merger Corp, a special purpose acquisition company (SPAC)Shareholders of ICCT received one share of the new company for every 29.84 shares of ICCT that they held prior to the closing of the business combination. The equivalent share price was calculated to be $5.71 based on the closing price of ICCT common stock on August 25, 2023, which was $0.19 per share.

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, $AMC Entertainment(AMC)$ might find its short term bottom pretty soon. The drop last week was about 50% after the split actions which sent the stocks down to ocean. Nothing fundamental to see for this stock, it's a very bad one. However, technical wise, this stock is simply oversold, with RSI value at 23. Anything below 30 i