Bullish Divergence + Minor Crossover = GME Boom (?)

GME has demonstrated a weak crossover of the 10 period linear regression line over the 30 period linear regression line. This pattern is much stronger when the angler at the crossover is closer to 45 degrees - a near parallel crossover usually does not indicate a trend change. The current crossover qualifies as moderately weak according to my backtests. However, the divergence in CMF on the lower low lends support to a trend change. Tomorrow could yield a confirmation of the crossover.

Should GME be green tomorrow, the crossover angle is likely to evolve closer to 45 degrees, justifying a long positions.

A. If GME is green tomorrow and the regression lines become somewhat more perpendicular, buy - trend change has already started.

B. If GME is not green tomorrow and the regression lines do not become more perpendicular, do not make this trade - trend change has not happened yet.

Comment:

Nice bounce and healthy backtest today. The 1 STDV BB can now serve as stop loss placement which we place at 178.62 to prevent a win from turning into a loss.

Comment:

SL didn't trigger because I forgot to account for indicator-tied stops - which was sloping downwards. Let's see if we can break over $200 this time.

Trade closed: stop reached