It appears GMEV found the bottom today as we see a Doji candlestick right on the bottom trend line . We can also see less distribution happening from the previous trading days. I'm predicting that we will start to see it tip a little towards the accumulation side very soon as it increases in price
GMEV looks to still be in the accumulating phase. Plenty of support along the 100SMA which should be a great entry point. Traded between the 100 and 50 SMA on May 14th. Not expecting to much price movement unless it breaks up out of the bullish pennant that has formed. If you look at the accumulation/distribution indicator you can see a slight uptick on the...
