I'm not a big fan of using hidden bullish divergence as a buy signal because it can result in false positives much of the time, however, I have found that many huge gainers have had hidden bullish divergence, and GME has a well-defined one. Essentially, it allows a lot of headroom for price to grow before the RSI hits overbought again....
Also, the price closed solidly above the 50-day EMA and with a lot of volume.
Enjoy the show :)
*not trading advice
Also, the price closed solidly above the 50-day EMA and with a lot of volume.
Enjoy the show :)
*not trading advice