Short term trade set up to hedge long position, ex-dividend date may trigger sell off.
While price made a higher high, RSI set another negative divergence.
Also noting buy volume is getting thin.
In EW terms, this rally off the June low seems to be corrective 3 waves.
Contra argument: neckline around 57-58, coincide with huge volume profile wedge, may provide...
Interesting short squeeze on GME, and it could keep going. Up 90% in a single day that was something.
I don't know what % float short number should start worrying bears, it depends, perhaps typically start paying attention above 10%, what is sure is that everyone mindlessly doing the same thing does not work out ever. 138% seriously? These guys are crazy. Asking...
