If you've been following GME with me, you bought at 12.5 and below last month.
Sell target 1 was 16.9, we came close but lost a tiny bit on the first topside pump.
We bought the dip around 14.02 and below, and we were looking for 18, 21, and 25 with small retracements in between.
I'm not sure, but per indicators, it seems we might see the higher targets of 21 and 25 before we see the retracement targets of 10 and 8.
Faster and steeper we go up, the faster and steeper we drop, so remember, the time to be flinging money in without much worry was under 12.5. Now, you'll want to be trimming profits and compounding. How much should you sell and when? Only you can make that decision. However, feel free to use some my price targets if you're struggling to set your own.
If you're new to trading or my charts. We usually buy and sell on the major trends, and use the breakouts as a chance to compound profits, or simply wait for the right trade to present itself, whether bull or bear. Just because we are selling at these levels in a longer term trade doesn't mean there aren't chances to jump into shorter term trades. However, USE caution at these levels.
If you're bearish on this stock, you want to see it wedge down, and if bullish you want the breakout to the topside.
I tried to make this chart as simple as possible.
Squeeze targets included, but be REAL, it's unlikely, and it will be fast up and fast down should it occur. However, bears need to be real as well and realize that some of those topside numbers are very possible.
Options get a little wild around the 26 and 32 dollar marks I believe. You only wanna play with weekly options if you know how they move in relation to the price or you'll get killed from theta.
Good luck!
Sell target 1 was 16.9, we came close but lost a tiny bit on the first topside pump.
We bought the dip around 14.02 and below, and we were looking for 18, 21, and 25 with small retracements in between.
I'm not sure, but per indicators, it seems we might see the higher targets of 21 and 25 before we see the retracement targets of 10 and 8.
Faster and steeper we go up, the faster and steeper we drop, so remember, the time to be flinging money in without much worry was under 12.5. Now, you'll want to be trimming profits and compounding. How much should you sell and when? Only you can make that decision. However, feel free to use some my price targets if you're struggling to set your own.
If you're new to trading or my charts. We usually buy and sell on the major trends, and use the breakouts as a chance to compound profits, or simply wait for the right trade to present itself, whether bull or bear. Just because we are selling at these levels in a longer term trade doesn't mean there aren't chances to jump into shorter term trades. However, USE caution at these levels.
If you're bearish on this stock, you want to see it wedge down, and if bullish you want the breakout to the topside.
I tried to make this chart as simple as possible.
Squeeze targets included, but be REAL, it's unlikely, and it will be fast up and fast down should it occur. However, bears need to be real as well and realize that some of those topside numbers are very possible.
Options get a little wild around the 26 and 32 dollar marks I believe. You only wanna play with weekly options if you know how they move in relation to the price or you'll get killed from theta.
Good luck!
Comment:
Things are looking favorable for bulls around this zone.
Comment:
Something maybe Tuesday or Wednesday coming? idk
Comment:
Not to be overly optimistic, but I think it has a good chance to hold.
If it doesn't hold, I'll likely remake the chart or create a short term chart.
If it doesn't hold, I'll likely remake the chart or create a short term chart.
Comment:
Some positive movement today, I'm still bullish, but it will depend on the day's closing price.
Comment:
This is technically a breakout on a short term trend. I'm still thinking the move is to buy at these levels, I'm still not sure it drops lower than $10 before we see some upside take place.
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Donations appreciated, NOT AT ALL REQUIRED OR EXPECTED.
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Venmo gets donated to the local Animal Shelter.
