GME bottom will be $18.05-18.20 (sometime this month), a retest of a prior low from 5/24/2024 and a test of the 0 std dev band (pink line). This will be the final low before the stock starts to ascent past all time highs. It will be a relatively quick ascent as all prior liquidity levels have been tested.
The 35 day note conversion window volatility has already been priced in, reflected in the falling IV.
Cheers.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.