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Sunday, November 28, 2021
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Memes: AMC Dips, Virgin Galactic Stock Jumps, GME Slipped

#memes #stock

$AMC $SPCE $GME

The Meme Stock Trade Is Far From Over, It Is Just Beginning“– Paul Ebeling

AMC (NYSE:AMC) stock, the biggest meme stock struggled following Tuesday’s 25% gainer. The stock was down almost 1%, but remains above the Key 50-Day MA, the stock has a perfect Relative Strength Rating of 99.

GameStop (NYSE:GME) slipping almost 2% back under its 21-Day MA, and lost further ground on its 50-Day MA line.

Virgin Galactic (NASDAQ:SPCE) stock was trying light up again following Tuesday’s dip. It was up almost 4% and is looking to retake its 50-Day MA.

Eventually the memes should trade based on business fundamentals, like most stocks. But for now they continue to move on the action from the retail traders.

Have a prosperous day, Keep the Faith!

Paul Ebeling
Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.   

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