To The Moon

Be aware when you trade those meme stocks especially when the market is in a correction mode. Meme stocks oftenly rally when the market sentiment is very positive and when everyone is making profit and got extra money to bet on these stocks.

AMC 

A stock to avoid at all means. I am $AMC Entertainment(AMC)$  as AMC is facing lawsuit from Ape shareholder that could double the settlement value. Even it executed its capital raise plan, I think AMC still won't be able to pay off its 5 billion USD debt. As mentioned earlier, this stock fails to breakout its ema200 trendline resistant which is a bearish indicator. Moreover, the breach of its critical support at 3.84 will send the stock further down into the sea.

AMC daily chart

Coin

This might not exactly be the meme stocks but it's crypto related with is always related to the meme theme. The share price seems to be quite bearish with consecutive drops over since mid August. However, I am still short term $Coinbase Global, Inc.(COIN)$  for this stock because the current share price is challenging the ema200 trendline which is a very strong support. We should expect a rebound here in near recent, else thing might gets worse ahead. Good luck.

Coin daily chart

SE

Endless drop since one week after its poor earnings result. $Sea Ltd(SE)$ will continue to be weak. Its weaker than expected second quarter revenue disappoints the investment firm and recently JP Morgan even downgraded the rating for this company. As part of SE decision to accelerate e-commerce investment in growth, the earnings and share price will definitely be affected in the near term. Don't try to catch this falling knife if you are not a technical trader. Fartech is a good lesson.

OXY

Occidental Petroleum, an oil and gas producer recently released its quarter earnings results, with EPS of 0.68 dollars. 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 short term $Occidental(OXY)$   as I think oil price will continue to go higher towards 90 USD. In addition, the recent acquisitions made by OXY corporate insiders around 4million over shares demonstrate a continued confidence and investment in the company long term prodpects.

Grab

Earnings release this Wednesday. Probably won't be a good news $Grab Holdings(GRAB)$ , after learnt the lesson from SE. Currently, market is expecting Grab to post a narrower loss. It reported a $250 mil met loss for the previous quarter. Investors also eye to see whether the cooperation with Foodpanda recently will help to cheer up its services? Let's see the answer in Wednesday. 

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