$GME has a rare 3 bar inside bar on daily today.
Price has recently retraced to 61.8% on the Fib from the recent highs of $187 and since then has been consolidating sideways with declining volume confirming bullish pattern. Will be interesting to see the price action from here. Also price currently is sitting on a nice volume shelf with selling pressure around $130.
Price has recently retraced to 61.8% on the Fib from the recent highs of $187 and since then has been consolidating sideways with declining volume confirming bullish pattern. Will be interesting to see the price action from here. Also price currently is sitting on a nice volume shelf with selling pressure around $130.
Comment:
Missed to add earlier, the 3 day inside bars form an ascending triangle pattern which foretell a bullish movement in the stock
Comment:
GME maintained around $120 all day except for a couple of dips to $117 while the entire market tanked. That by itself is very bullish. Momentum picked up around 14:30 where it spiked from $120 to $146 and dropped a bit to trade sideways. We have good resistance between 130-136 which is holding this down.
