It will take a long time but it is worth it.
GME
rises because of excessively overweight short interest, nothing more. I don't know why GME has accrued such excessive short interest, but the TA on the chart says that move happens eventually, again, given that the short interest never got cleared out. The Monthly support level gives a good clear r/r trade.
GME
rises because of excessively overweight short interest, nothing more. I don't know why GME has accrued such excessive short interest, but the TA on the chart says that move happens eventually, again, given that the short interest never got cleared out. The Monthly support level gives a good clear r/r trade.
Comment:
The $331 target is logarithmic measured move from the 2021 triangle (that broke down)
Comment:
I meant it btw when I said it will take time. I looked at this again today. I see other analysts projecting linear targets like $30.
I will be a bit bold and try to predict the future here.
I would say I project this to put in a short term top at $62 in April of 2024. $89 between july and august, and ultimately $331 target to be achieved in Dec 2024/Jan of 2025. It's indeed a long term trade.
There is a lot of GME speculation that a short squeeze would result in an infinite hyperbolic and instantaneous sudden move up in a short burst of time. That is unlikely, it will grind up relentlessly and slowly similar to TSLA in 2020 on heavy short interest, in my opinion.
I will be a bit bold and try to predict the future here.
I would say I project this to put in a short term top at $62 in April of 2024. $89 between july and august, and ultimately $331 target to be achieved in Dec 2024/Jan of 2025. It's indeed a long term trade.
There is a lot of GME speculation that a short squeeze would result in an infinite hyperbolic and instantaneous sudden move up in a short burst of time. That is unlikely, it will grind up relentlessly and slowly similar to TSLA in 2020 on heavy short interest, in my opinion.