GME before another 174% increase. One of the most frequently mentioned stock shares of recent times is GAMESTOP Corporation. Its amazing soaring has caused difficulties for several mutual funds. For those who expected a greater decline after the rise. Currently, the fair value of GME shares is 335.19usd. This means that no major correction can still be assumed .... in fact. It can be seen from the analysis that a regular fractal orbit is being built. Currently, an accumulation phase is under construction (it is no coincidence that it is exactly around the 335.19usd fair value). My analysis assumes that the accumulation phase will be completed in the first half of next week. A repeated ascending wave sequence can then be generated, as shown in the figure. A target price of 172%, 792usd, may be higher than the current level. Therefore, it seems logical to look for a long entry from the current level.
@meszaros, Well, no point selling now, cuz the dead cat bounce shall come. 😂🤣
Queijocas
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@Captain_Walker, and the bounce did come indeed. Ready for round 4 now !
vikart123
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Lol... how can you apply technical analysis to a bubble?
meszaros
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@vikart123, I have been studying penny stock exchanges for 15 years. Pump-and dump movements like this, say "bubbles" are very common. The stock market world is transforming. I can only suggest that you study its causes and take advantage of its opportunities.
Lechatchat
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Don't you think caution should be taken when applying technical analysis to this flash bubble?
TBalog
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@emperororsimer I think you should check @meszaros`s background and history before judging or challenging him in cocky way. Of course you have the right to do that also not to agree. Discussion can move everyone forward if it is developing and not including bad intention. Saying no facts, just criticizing is not a feedback and shows weakness.
Nobody told that an analysis needs to be followed, nobody asked for it. I didn`t loose any money on it at all!!!