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MysteriousPersian
Mar 18, 2021 3:50 AM

confirmed bear flag continuation Short

NYSE:GME30
GameStop CorporationNYSE

Description

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Looking for more downside here as expected with the previous breakdown. Still short

Comment

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As the continuation downward finds new momentum, short term expectations looking at 160$. Ill think about closing the short around there if it happens relatively quickly (1 week)

Trade closed: target reached

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this trade aged really well. Closing here while i still have some good time till expiry
Trend AnalysisChart PatternsTechnical Indicators
Comments
nvosk82
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You realize technical analysis aren't useful on such a hyped trend?
MysteriousPersian
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@nvosk82, and yet, if you look at the history of my ideas for GME, I'm almost always spot on. hmmm...
MysteriousPersian
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@nvosk82, TA is a good indicator of market sentiment. The price action is dictated by sentiment only.
nvosk82
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Well.. against all odds 😉 This stock is odd my friend
MysteriousPersian
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@nvosk82, what are you on about mate, you realise its down since i posted this right? your a bit confused by my position maybe?
MysteriousPersian
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@nvosk82, patience is key my friend, i hope my idea helped you
nvosk82
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@MysteriousPersian I'm holding since beginning of February, so I'm in for the long run. Hope you retrieve some nice profit in the short run my friend
MysteriousPersian
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@nvosk82, There is no long-run from GME. It's going back to 50$ region over the next several months. Take profit while you can.
nvosk82
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@MysteriousPersian, well the stock was on sale and I managed to reinforce my position with massive discount. Awaiting the inevitable short squeeze :-)
Patl66
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WHERE TO? 100, 50? thx
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