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ArchersWingman
Jan 29, 2021 4:54 PM

GME 15 Min Ad Hoc Analysis Long

GameStop CorporationNYSE

Description

GME is currently forming a huge wedge pattern going in to the big push for a "gamma squeeze". I would expect shorts to double down and try to break this bull trend line down to avoid a gamma squeeze. It's possible it may catch again on the lower bull trend line (purple) when it comes near the low.

Comment

Unfortunately the short attack did not come. There was a small sell off that quickly reversed back into the triangle pattern. Monday will likely be the big breakout. It's tough to determine which direction it will go so be on the lookout for opportunity.
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