I couldn't help myself, so I did a little TA on GME.
It looks like we could consolidate and attempt to breakout of some sort of structure soon. It looks to be forming a descending triangle, which is typically bearish, but my whiskers are telling me there are too many factors and forces involved here for any amount of certainty.
The Fib levels give us an...
GameStop GME, the video-game retailer that is closing shops because of Covid and became famous now with it's association with the Reddit message board-fueled retail attack on institutional short sellers has just touched $440 in premarket trade.
The loss-making retailer was priced at around $19 heading a few weeks ago and $60 last week before storming higher....
Reached a potential Top
As im caught up in the hype I will publish accordingly
I believe this is a black swan event that will blow off
Much like the euphoria from DOGE's pump a few weeks ago
It can be clearly seen it went for a bullish break (in the green box) after cracking the downtrend
You can see 5 waves has been completed with mass short squeezing and buying. Today gapped up and so far we have not been able to stay above the open.More than likely we will gap down over night and selling should start very soon. This is going to fall just as fast as it came up. Be careful.
The Game Stop share has been in a rally since mid of January.
The last two days this stock rallied from 79.30 $ to 355 $ / share, this means an increased in value by 4.5 times or 348 %.
Many analysts and investors they are insisting that there is an act of " Pump & Dump " which is illegal, and if anyone is found guilty of that will end up in Jail. One of the...
everyone fomo cuz of upcoming insider tarders (?)
closeds lotta storeds
you cant captalize yours cakesa nd expensive it too
franchiz owned stores, neva closed to cornoa, neva closed eva for ode reasons (looky at ppls say, hey bro, it was snow in and ppls say to come in to work? why pepel do that? answer: cuz moni tite like last nite)
Support at 3 because it is the nearest whole number support! Whole numbers will act as psychological price levels.
Resistance at 4.7 because of previous support and resistance.
Price action is looking to be trading into an area of tight consolidation until it hits the upper down trend line and sell off just like the first time. History...
GameStop has been fighting a losing battle for a while now - I am adding a short position here (My target is $20) due to the fact that it has once again dropped below the 9 day MA, it made a retest of the 50 day MA and failed, and of course it is well below the 200 day MA. Additionally, the RSI has dropped below the 50 zone, the stochastic has downward momentum...