dainiushka

GME, up with big volume and big candle

Long
NYSE:GME   GameStop
As I said in a previous analysis that GME will most likely check the RSI oversold level. Breakout through the main trendline was needed to check the RSI oversold level. This trendline was retested, the green big candle closed above this trendline. When the whole market went down, due to omricon variant, inflation, and uncertainty when the fed will rises interest rates, tapering bond purchases, GME rose up 10% with big volume, it is very good, bullish sign. Now we have the resistance of 0.236 fib. ext. level.
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