GME 3-hour chart looking ultra bullish here with recent confirmed breakout of the long term downtrend. Price is resting on high volume support from last year.
With 100% utilization and a back-test of the recent bull flag print GME looks like it will explode higher very soon!
Bollinger Bands tight in multiple timeframes and wave trend indicator printing multiple bullish crosses at/near the midline = extremely bullish.
Expecting substantial gains going into the upcoming earnings report, which could ignite FOMO & VOLUME.
Ignore Friday OP EX noise. Bullish trendline/wave structure holding and GME price remains at/on high volume support from last year, even with the low volume price action today. With earnings coming up later this month still expect next move to be up into earnings. GME has consistently increased into earnings, and if we do get a quick retest of recent lows - will plan to ADD/HODL.
Just out of curiosity, what’s your confidence level on this. There are a lot of big names calling for a move back down to 50$ in March, before we move up again in April.
Arinamheem
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@chaimkriger, Whos calling for this? Im hoping to go down more before I double down