This meme has lost so much steam. Sure the RSI and MACD show "bullish" but given the lack of volume and price action, GME is just a continuous downtrend. People still buying this above $150 are just throwing their money away. If there is ever another relief rally or random spike again I highly advise you get out while you can.
GME bounced off resistance at 343 and created a double top. It is going to take a lot more than just shit posting on the internet to save this meme stock.
Comment
⋅
Possible bounce off of the downtrend support later today or tomorrow
Maybe the volume is low because nobody is selling. If you look at the options chain for Friday, it just need a few dedicated buyers to trigger a gamma squeeze that will propel it way past 800 where 51,073 call option are waiting to launch it into the stratosphere.
baumulrich
⋅
Imagine calling the most perfect cup and handle pattern a "double top".
The sheer state of GME bears these days...
carrollfilms
⋅
@baumulrich, Never claimed to be a bear. Just a bystander who already made his money after buying 10 calls at $30 and selling at $150. This is all a show now
baumulrich
⋅
@carrollfilms, you made "your money" as in you made pennies that you now lose shorting?
As I said: the sheer state of GME bears these days!
carrollfilms
⋅
@baumulrich, I never said I'm shorting. I'm retarded, not an idiot. Shorting anything besides the VIX is a stupid ass play.
baumulrich
⋅
@carrollfilms, don't know how often you want to confirm and me to repeat it: the sheer state of you GME bears!
wow.
rwig
⋅
The short it.
carrollfilms
⋅
@rwig 114% volatility on options is literally gambling. You're better off betting that money on puts for a bunch of lotto tickets
Mushroommilitia
⋅
Do you even know about the trading that happens off the exchanges? You can't say bearish at this point because the manipulation of the stock is ridiculous. And if you think its not then I feel sorry for you.
HodlCrypot
⋅
The price went from single digits to tripple digits and is consolidating between a certain price range, how is this possibly considered 'more downtrend'?