To The Moon

For the past few weeks, market was hot again with meme stocks like Reddit, DXYZ, DJT, ALAB, etc... Most of them were having a very short term big gain and eventually retraced back to square within a short time as well. Investing in meme stocks is never easy as you need some luck and high level of technical analysis skill.  As usual, let's look in a two classic meme stocks that I have done their analysis through technical charts, on weekly basic. AMC Let's begin with AMC. Recently, we heard that Fandango veteran Stephanie Terifay has been tapped to help AMC Theatres build out its new movie distribution business following the record-shattering success of Taylor Swift's Eras Tour tour and Renaissance. This might be a good news to the company.  AMC daily chart If we lo

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

$Destiny Tech100 Inc(DXYZ)$ is a closed-end fund, with an initial listing price of $8.25, soaring to over $100 in just 9 days, closing at $99.75. And post-trade on April 10, it surged another 16%.There's a reason for all the frenzy, this closed-end fund is composed of 100 top private tech companies, including $Tesla Motors(TSLA)$ Elon Musk's SpaceX, $Apple(AAPL)$ competitor EpicGame, and the current hottest ChatGPT's parent company OpenAI $Microsoft(MSFT)$ .The main holdings are as follows, with SpaceX accounting for over a third of the portfolio at 34.6%. So buying this CEF is equivalent to buying a high percentage of S

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

China’s meme stock $Gaotu Techedu Inc.(GOTU)$ surged over 70% this week as its rival $EAST BUY(01797)$ is embroiled in a scandal involving the company’s top influencer.The influencer’s fans are turning to purchasing products in $Gaotu Techedu Inc.(GOTU)$ livestream rooms to express their dissatisfaction with $EAST BUY(01797)$ .Will you buy $Gaotu Techedu Inc.(GOTU)$ to bet on its short-term heat?Most-Shorted Stocks: What’s next as most companies gain in Dec.?$B. Riley(RILY)$, diversified financial services provider, fell to $16.65 in

What happens when growth stocks encounter a weak macroeconomic cycle? First of all, there will definitely be sharp rises and falls. $Upstart Holdings, Inc.(UPST)$ plummeted 23% after-hours on Tuesday as its Q3 revenue, earnings, and Q4 revenue guidance all fell short of expectations. Even though UPST is associated with the concept of an "AI-driven platform," it has not been able to escape the suppression of the "high-interest rate environment." The stock has dropped from its peak of $72 this year to $22 after-hours. In terms of performanceQ3 revenue was $134.6 million, lower than the consensus of $139.7 million, and lower than Q2's $135.8 million and the previous year's $157.2 million. EPS was -$0.05, lower than the consensus expectation of -$0.02

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

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 t

$GoPro(GPRO)$ 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

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

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

Both meme and Chinese stocks become good brothers recently, plunging down again especially at current turning bad market sentiment.  US memes Last week, the Federal Reserve released non-farm payroll data and unemployment rates. We can see from these two data points that the US economy is slowing down. This has reduced the probability of the Federal Reserve raising interest rates in the next quarter. However, the recent surge in oil prices could lead to a resurgence in inflation. So, I believe the Federal Reserve will not move to cut interest rates too early, as inflation would become very difficult to contain.  With such bad market condition, it is not advisable to long meme stocks as the risk is even much higher. The recent hot meme stocks belong to 

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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

1. $VinFast Auto(VFS)$ astonishing 109% price surge fuels investor interest and capital raising considerationsVinFast, the Vietnamese electric vehicle maker that recently debuted on Wall Street, continued its impressive rally on Tuesday. The stock more than doubled in price, soaring by 109% to close at $36.7. This rapid market performance has sparked discussions about VinFast's potential to raise more funds from investors, a move the CEO, Thuy Le, acknowledged the company was considering.Last week, VinFast's shares had surged over 250% during its debut on the Nasdaq, making it worth more than significantly larger automakers, at least in terms of market valuation. The company's current valuation stands at over $85 billion, placing it well above indu

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

For the past few weeks, market was hot again with meme stocks like Reddit, DXYZ, DJT, ALAB, etc... Most of them were having a very short term big gain and eventually retraced back to square within a short time as well. Investing in meme stocks is never easy as you need some luck and high level of technical analysis skill.  As usual, let's look in a two classic meme stocks that I have done their analysis through technical charts, on weekly basic. AMC Let's begin with AMC. Recently, we heard that Fandango veteran Stephanie Terifay has been tapped to help AMC Theatres build out its new movie distribution business following the record-shattering success of Taylor Swift's Eras Tour tour and Renaissance. This might be a good news to the company.  AMC daily chart If we lo

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

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

$Destiny Tech100 Inc(DXYZ)$ is a closed-end fund, with an initial listing price of $8.25, soaring to over $100 in just 9 days, closing at $99.75. And post-trade on April 10, it surged another 16%.There's a reason for all the frenzy, this closed-end fund is composed of 100 top private tech companies, including $Tesla Motors(TSLA)$ Elon Musk's SpaceX, $Apple(AAPL)$ competitor EpicGame, and the current hottest ChatGPT's parent company OpenAI $Microsoft(MSFT)$ .The main holdings are as follows, with SpaceX accounting for over a third of the portfolio at 34.6%. So buying this CEF is equivalent to buying a high percentage of S

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

China’s meme stock $Gaotu Techedu Inc.(GOTU)$ surged over 70% this week as its rival $EAST BUY(01797)$ is embroiled in a scandal involving the company’s top influencer.The influencer’s fans are turning to purchasing products in $Gaotu Techedu Inc.(GOTU)$ livestream rooms to express their dissatisfaction with $EAST BUY(01797)$ .Will you buy $Gaotu Techedu Inc.(GOTU)$ to bet on its short-term heat?Most-Shorted Stocks: What’s next as most companies gain in Dec.?$B. Riley(RILY)$, diversified financial services provider, fell to $16.65 in

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

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

What happens when growth stocks encounter a weak macroeconomic cycle? First of all, there will definitely be sharp rises and falls. $Upstart Holdings, Inc.(UPST)$ plummeted 23% after-hours on Tuesday as its Q3 revenue, earnings, and Q4 revenue guidance all fell short of expectations. Even though UPST is associated with the concept of an "AI-driven platform," it has not been able to escape the suppression of the "high-interest rate environment." The stock has dropped from its peak of $72 this year to $22 after-hours. In terms of performanceQ3 revenue was $134.6 million, lower than the consensus of $139.7 million, and lower than Q2's $135.8 million and the previous year's $157.2 million. EPS was -$0.05, lower than the consensus expectation of -$0.02

1. $VinFast Auto(VFS)$ astonishing 109% price surge fuels investor interest and capital raising considerationsVinFast, the Vietnamese electric vehicle maker that recently debuted on Wall Street, continued its impressive rally on Tuesday. The stock more than doubled in price, soaring by 109% to close at $36.7. This rapid market performance has sparked discussions about VinFast's potential to raise more funds from investors, a move the CEO, Thuy Le, acknowledged the company was considering.Last week, VinFast's shares had surged over 250% during its debut on the Nasdaq, making it worth more than significantly larger automakers, at least in terms of market valuation. The company's current valuation stands at over $85 billion, placing it well above indu

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.

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 t

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

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

Both meme and Chinese stocks become good brothers recently, plunging down again especially at current turning bad market sentiment.  US memes Last week, the Federal Reserve released non-farm payroll data and unemployment rates. We can see from these two data points that the US economy is slowing down. This has reduced the probability of the Federal Reserve raising interest rates in the next quarter. However, the recent surge in oil prices could lead to a resurgence in inflation. So, I believe the Federal Reserve will not move to cut interest rates too early, as inflation would become very difficult to contain.  With such bad market condition, it is not advisable to long meme stocks as the risk is even much higher. The recent hot meme stocks belong to 

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

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

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