I recently seen an article about Game Stop being at its lowest level of the year so i decided to glance at the technicals. From a Technical standpoint it looks pretty good. Here are a few reasons why i think this: 1) Price is approaching a nicely unmitigated demand zone. 2) The demand zone created a great deal of imbalance 3) There is liquidity above the demand zone. 4) There is divergence playing out.
When price approaches the demand i may look for some calls depending on how momentum shifts on the lower time frams.
Comment
⋅
Price is playing out a wedge pattern and still showing divergence. Waiting for a news catalyst to set things off.
Comment
⋅
can someone say GAMETIME!!
Comment
⋅
Price came back to retest the break out level. Purchased some calls at that level. Waiting for take off.
Comment
⋅
Comment
⋅
still at play
Comment
⋅
Looking for price to give a strong close above 15:30