We should be better guided by an older and more reliable RSI trendline if we find one (along with the price trendline, parallel channel, or other price models we have. In this case we have main price trendline and the yellow channel), than the price trendline and other price patterns alone, without RSI trendline.
Possibly we will not defeat the line of resistance (76,38$). We will check this line, break the yellow channel bottom line and main trendline, then fall down to check the red falling wedge upper line.
Enter: big red candle with small wick, below the main trendline.
Stop loss: big green candle with small wick above (76,38$) support/resistance line.
We have RSI trendline support, 200 ema support, price is on support line, in Fibonacci golden zone (the price usually bounces off the 0,5 or 0,618 levels). Descending broadening wedge is bullish pattern.
What is a good stock analysis and how it should look like you would like to follow the expert who created that analysis? How to find a good one? The more followers, ideas, likes or rating points an expert has on trading analysis platform? How about a number of ideas? If you do some work, you can start badly but with each day, your experience increases, and in...
I improved and updated my previous "GME Puzzle Solved!" analysis. it was not very clear.
First target: yellow channel middle line
Second target: supply zone (282$)
Third target: blue channel upper line
Stop loss: candle below the yellow or blue channel bottom line
If you look at the MACD lines you will see that it is going to break out.
Support, resistance, middle lines were checked three times. We have 20, 50, 100, 200 ema support. Maybe it is time to defeat current resistance line, break out from yellow channel, check broadening wedge upper line and go further towards ATH (2076$).