Weekly chart of $GME Gamestop. Beautiful bounce off the 200 VWAP; still needs to clear the 50 VWAP. MACD has crossed and RSI has plenty of upside room to move. My thinking/bias is that this will go to the upside.
Comment:
Daily is shaping up nicely here. We'll see where the weekly candle closes at but right now, still remaining bullish and have a position.
Comment:
Testing 72/89 EMA cloud. If that fails then we have some substantial price support from the 200 VWAP (historically, it has been really difficult for the price to break that VWAP).
I was early on my trade so I'm currently down but still holding position. The $AMC earnings may help push this up assuming good earnings call results.
As of right now, doing nothing but baby sitting the trade and waiting for some further conviction on direction. Still bullish to the upside.
I was early on my trade so I'm currently down but still holding position. The $AMC earnings may help push this up assuming good earnings call results.
As of right now, doing nothing but baby sitting the trade and waiting for some further conviction on direction. Still bullish to the upside.