As the title suggests, GME earnings failed to inspire the response that so many wanted and hoped for, nearly all afterhours gained came ad went through he course of the day with a decent finish. However this was always going to happen, in my view, as it went into that earnings call with a very low RSI and multiple time frames looking vastly oversold. What i´m...
Seems like bottomed out around the fib level of $4.80, 1 hour macd looks like its about to golden cross for a leg up. Resistance should be at $7.50 area with a retest of the lower purple line, if it can gather momentum then the true test lies at around the $10 level, i will update when this scenario happens, best of luck Apes....
The reversal of fortune for this much maligned stock could be about to start, not long to go then should technically be ready to start a potential run (NFA)
Idea stems behind a cup and handle formation and based on support and resistance lines acting as barriers or through passes.
Ater seemingly setup for a technical bounce, possibly up to the first tester area of $3.40, golden cross about to form leading to a period of upward trend, low rsi allows space to grow. N.B, the pitchfan is designed more on a macro type scale, whereas this idea is a short term play.
After having been beaten to the ground over the past months, many people will find themselves bag holding this one. The suggestion through multiple analysis is that a strong reversal is forming over the next few days, with a projected return to previous levels expected over the course of the next few months. The idea was conceived through the VWAP levels still...
