SaltNpeppa

Momentum Channel Wars

Long
SaltNpeppa Updated   
NYSE:GME   GameStop
Twitter apes are chattering about levels for these derivative stonks. If a simple linear regression is accurate enough, I'm expecting to see $120 & $250 for $AMC & $GME support levels. The price action regression slope for AMC (0.5) is 2.5 order-magnitude larger than the GME (0.2) ticker.
If this is so-called "price manipulation" is true, it is hidden in momentum indicators, not correlations. OBV trails are telling.
Comment:
Correction, I need to fix my expected prices: based on a linear regression fit to a year's price (OHLC/4) value I STILL expect to see AMC at $60, and GME at $220.

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