Looking at the 30 minute chart, we can see that $GME is forming an inverse head and shoulders pattern. However please note that prices are yet to break above the confirmation line which is right around the 220.00 area.
An important factor to note here is that the right shoulder is forming above the 5DMA and the slope of the MA is positive. I therefore expect...
TECHNICALS
Elliot Wave Theory Fractals look consistent so far
Volume is rising since mid-January, meaning continuation (better seen on the 1D chart)
Stochastic + MACD indicators showing BEARISH on 1hr chart, but BULLISH on 2hr/3hr/4hr timeframes.
SUPPORT LEVELS
176
157 (lowest level I expect it to go down to)
116
85
FUNDAMENTALS
Quadruple...
![GME: GameStop $GME [LONG]](https://s3.tradingview.com/r/rbvbzL1y_mid.png "GameStop $GME [LONG]")
