TheJoeG

THE TRUTH ABOUT GME THEY DON'T WANT TO TELL YOU

NYSE:GME   GameStop Corporation
The REAL JOE G HERE:

I'm seeng some bearish divergences on OBC indicator. Here are some highlights about what I am seeing on the chart

FIRST: ALways fo your own DD, understanding TA is not an exact science, it's an art... but it's beautiful - the harmony, patterns, predictability... but we are talking probabilities here 3/5.... so just undesrstand that. You have to approach TA with humility. Nonetheless, here is what I see -

1) Bearish signals on OBV, ADX coiling (getting ready for move), momentum coiling - price action and volume has been more bearish , no bulls to be found

2) Price drops typically happening later in the week, professional money making moves

3) Look at last price drops, 40-50% in one day. Thus the range I am saying $90-60 is within that range

4) The range I provided has a couple of things converging - 1) Fib retracement levels, see .85~ level 2) Elliot Wave C leg down range 3) Most recent corrections.

I don't have a position, I took profit and am looking to re-enter upon drop.
Comment: OBV*** indicator

Comments

GME was originally ridding on short Squeeze and still does , 2/5-2/24 waiting period for the shorts to build up and suddenly squeezed, we need Time to build up shorts again from 3/26 for one week or 2 to do another squeeze, is simply a game like the name.
+2 Reply
@mike0a, could you explain why you suggested 26th april?
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mike0a ash4zeker
@ash4zeker, I don't suggest 4/26 , but 4/9-4/14
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I will buy Covered calls to collect premiums in the next week or so.
+1 Reply
How soon will it drop?
+1 Reply
TheJoeG wtf2021
@wtf2021, I would be guessing. Patience is key here. For fun, my prediction would be in next two weeks.
+1 Reply
wjscott66 TheJoeG
@TheJoeG, And you see the floor being 60?
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TheJoeG wjscott66
@wjscott66, 90-60 yes.
I update range daily during week
+1 Reply
@TheJoeG, no way. What I am suggesting is the opposite of what you are saying. I guess that price can drop, but it can be in 1-2 days. And then it will rise again
+1 Reply
wtf2021 TheJoeG
@TheJoeG, Thanks!
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