On the volume indicator, I can see distribution on the shares the bulls have collected their profits, letting the bears enter the rally,
In January 2020 the GME stock has got a huge pump coming from social media like Reddit and Twitter, which prompted the platforms to limit the number of shares purchased as a maximum, and prevented some platforms from trading the stock,
the stock now is on the pump and dump rule, if there is a piece of bullish news the share will go high,
we prefer to take the safe side for now while we see the market had crashed. Sell will be in a good position on this stock right now.
In January 2020 the GME stock has got a huge pump coming from social media like Reddit and Twitter, which prompted the platforms to limit the number of shares purchased as a maximum, and prevented some platforms from trading the stock,
the stock now is on the pump and dump rule, if there is a piece of bullish news the share will go high,
we prefer to take the safe side for now while we see the market had crashed. Sell will be in a good position on this stock right now.
Comment:
In January 2021 just not 2020 (number mistake )