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1st off all apologies for this lately promised technical analysis. I’ve honestly been in the game and superstonk subs as of late learning about the shorts practices. It’s really fucked up and crazy they’re literally protected almost…almost. I’ll get to all that latter in a separate post. Onto the charts; We’re looking at the weekly and only the weekly should this be looked at if you’re serious about LT holding. This Sub is under a blanket NFA clause and you should always consider risk management. The road back to 80 will clearly not be easy, but timing a chart will allow us to maybe time it a bit better. The floor has always been around 15 ish since the plandemic. We are still in a downward trend line and the candles are respecting that. I’m not here to talk about outside noise that “will be taken advantage of” only price action. I’m also not here to discuss fundamentals, fundamentals went out the window a loooooong time ago in the markets. There are two gap fill areas in white one at 80 and one at 28, a most recent gap fill was just completed on the daily from the junk up to 40’s, have I ever mentioned how much I fucking hate gap ups if I own the stock cause they always seem to get filled. Being that said I’m eyeing those lovely gaps at the tops. The trading range is at 15-40 for the shorter term time being so I’d say if you’re a hedge fund accumulating 27 would be an average price. We were in the wyckoff accumulation phase from the 15’s – 30 and then got the pop to 40. Then the sell off from 40’s is a pretty normal deuschbag WS move to shake out retail, because we garnered thier attention to the matter and my best guess is… they want in, and they usually get their price point wish even to the extent of hiring mercenary traders to manipulate the price. As always we here as a proper Redddit forum suggest you report any proof of stock manipulation to the SEC, sooner or later they gotta get off their ass and do something about it right?! 🙄 What the RSI and stochastic are telling me is that long term this is bullish AF bulls have actually taken the smoothing (yellow) back to the 50 yard line, despite the price being very low (huge fucking divergence). The RSI has been on an upward angle through this whole entire time despite price being at almost an all time low. Don’t has healed and much much stronger and waiting for a time to strike and reverse. The Stochastic which is a faster tracking RSI is at the bottom. So as the old saying goes “ only way to go once you hit bottom is up” well we need to see prof of the bottom as in previous times it has gone much lower. We do not have a curve up yet on the blue (fast line) which would need a price movement up in conjunction to note a shorter time trend reversal. Low volume, which is present, is usually a very forward looking bullish signal. I decipher this as retail longs and shorts have run out of ammo and now it will take a larger firm to affect the price movement. I will keep you posted if I notice any changes. As always watch your six and protect your portfolio by any means necessary. Lucky out… submitted by /u/Igetlucky66 to r/RILYStock |