Just broke through a very reliable trendline yesterday, but I believe the technicals for GME are thoroughly out the window. We'll see how it plays out.
Just thinking out loud here, folks. I've seen this happen before and it looks like it might be right now, as well. Either way, long. Buy and hodl, mi bredren.
Its exponential moving averages are completely congested, it will soon be looking for a way out in some direction. It has a descending volume, which can make it more sensitive to any sudden movement. Anything can happen with this stock. If it goes up, I think it would go to at least $350 and if it goes down, it may drop to $100. In the last 2 occasions the...
GameStop’s chart is very interesting as of late. If we ignore the FUD, media machine spewing you know who’s rhetoric, etc, what are we left with? Glowing fundamentals (in fact, the best case scenario is/has happened and IMO, is NOT priced in yet) Technical Analysis: Bollinger bands highly compressed. This can indicate big volatility incoming. Macd poised at...
For those of you who've been paying attention, 4/26 is the Great Conjunction. It's the point where this wedge completes and also the date when certain smug Wall St firms have to take it on the chin for their FTDs. I wish everything didn't make so much sense right now. I almost don't trust it, but all signs are pointing toward the MOASS, ladies n gents.
Bagholders beware. I am going to short GME. Recent pinbar on the daily off its dynamic support after breaking through it. I expect this to continue cooling off for a bit. MACD cross about to happen on the daily chart as well.
Todays trading plan. Wide range will shake down the market Paper hands will burn Burning paper turns into carbon Carbon takes the heat and the pressure AND DIAMOND HANDS ARE BORN!
SOON MAY THE TENDIEMAN COME, TO SEND OUR ROCKET INTO THE SUN. ONE DAY WHEN THE TRADING IS DONE, WE'LL TAKE OUR GAINS AND GOOOOOOO! HUAH! I just wanted to keep my incredible TA up to date - in case you doubted me. WE ARE THE MARKET!
it can dive to the bottom once again ... stop above 180$ Oo
Please see the 2nd squeeze price action illustrated in Elliot Wave We do consider we are already at the beginning of 3d wave which should land us at 1.618 fib extension 2nd wave was confirmed by 0.618 fib retracement. The previous Squeeze was confirmed by Elliot Wave where 3d wave was extended and 5 waves landed on 0.618 of 1+3 waves. Amazing price action
Curious to see if GME follows technicals. MACD positive crossover so technically bullish. Fib for reference on price targets. Not investment advice. I like the stock.
when volatility increases like that, don't use dynamic channels but just statics. 64 is strong static support and is an entry point and after 485 there isn't any dynamic resistance to 11691
GME is currently sitting on the 1 hour support and pivot line where there seems to be new buyers. If this support holds, I expect GME to go back up to 211 to fill the gap.
I see a different kind of squeeze happening in GameStonk.