I'd started to feel a bit more optimistic about the prospects for GME (Based on TA) a couple weeks ago. Up until then it'd been remarkable how stubbornly GME was able to hold the higher lows after the massive 90% drop. I'd started to think this may be able to continue to do that and make a new breakout. If we did, I'd likely have been switching my trading bias on GME to bullish into around $1,0000.
However, the break has been made. There was an attempted rally to hold the lower highs. It held for a day or two but then it hammered through it. Our recently rally may be an ABC correction in the down move. Another break may be coming. My bearish sentiment on GME remains. What looked like possible holding of higher lows a little while ago looks like it may just been a range top trap now.
However, the break has been made. There was an attempted rally to hold the lower highs. It held for a day or two but then it hammered through it. Our recently rally may be an ABC correction in the down move. Another break may be coming. My bearish sentiment on GME remains. What looked like possible holding of higher lows a little while ago looks like it may just been a range top trap now.
