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Veuvee
Apr 27, 2021 11:03 PM

Stacked Resistances Short

NYSE:GME195
GameStop CorporationNYSE

Description

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GME Currently below Both Supply Zone/Volume Resistance, downwards trendline and below fib extension resistance

Risk:Reward leans towards being bearish, even though I'm rooting for the mother of all squeezes to come.

Bought Puts. Strangle wasn't really worth it, calls are way too expensive in my humble opinion.

Trend AnalysisFundamental Analysisresistance_levelvpocvpfrvpvrFibonacci Extension
Comments
mikewingg4141
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You forgot to draw a line from the bottom to the top. You know, the one that shows a bull flag?
testmuffin13
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Should just buy shares if calls are too expensive

unlucky my dude
Veuvee
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@testmuffin13, Might have put it unclear - On a R:R level, Both Shares and Calls are too expensive imo, when the price sits below these resistances. If the resistance flips to support, the story is different.
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