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rook2pawn
Jan 9, 2022 7:24 PM

Video Analysis for GME January 2022 - 8 Count Reversal Bullish Long

GameStop CorporationNYSE

Description

Price targets are $160, $180, $200, $220 and $240. Look for volume and hidden bullish divergence continuation.
With volume -> Hold. Without volume -> Covered calls.

Comment

trade still active. The drop to $120 was met with a much higher of buy orders. Volume still indicates that we are in accumulation. Waiting on volume exceeding 10M

Trade active

Comment

Notice the CCI downtrend and uptrend where GME developed consolidation in the $3-$7 range. Again today with the close at $130 we are cultivating a higher low on the CCI which further validates this triangle.

Comment

Look at the classic double triangle broadening bearish megaphone setup in UEC. GME is pretty much in the bottom of the first of two triangles forming and we are going to look to see the following set of prices in this order: $130 -> $180 -> $150 -> $250 to $280 -> $90-$110 -> now we are ready.

Comments
mikemuffin
Let’s let this rip
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