So I'm bullish long term on GME. What my observation of the MACD is, that, yes, you are right, but this is not a definite signal, and the trend reversal is fairly weak. In most of the times when the signal was right, it was supported by price movement, not just indicators front running, but actually a fairly quick price support of the thesis. this is yet to be seen.
I am as I said long term bullish on GME, having bought in November and held through the January peaks and the February troughs and added more since then. But I also am not in a hurry. Eventually the shorts will have to cover, and I don't care if this is tomorrow or in a years time. I have nothing but time!
GJMRealEstate
⋅
@baumulrich, agree. the indicator is not a guarantee. the selling pressure is just weak at the moment.
no hurry here either. I have plans to add if the price slides.
it's a game for sure.
pechi123
⋅
5 waves down from 233.66 Wave E of a bearish contracting triangle, currently in wave 5 of 3, minimal target 168.13, thereafter larger 4th up then another 5 waves down in a 5th wave. Only a break of 227.45 the wave 2 up will break this count otherwise a very bearish pattern.
treytoyota83
⋅
@pechi123, I am a robot that just copies and paste my E Wave information on every bullish post GME. I cannot and will not engage in actual conversation about Technical Analysis. Thank you come again
I am as I said long term bullish on GME, having bought in November and held through the January peaks and the February troughs and added more since then. But I also am not in a hurry. Eventually the shorts will have to cover, and I don't care if this is tomorrow or in a years time. I have nothing but time!