This chart shows 30 minute candles from Feb 25 thru Mar 5. We can see volume steadily diminishes as price goes up. Then, after moving sideways for a day and a half, we see a burst of volume that pushes price higher.
The upper, blue trendline is kind of bs, but it is a reflection of the lower blue trendline. This creates a symmetrical triangle (not really because there are no spikes in price to support it, which is why I said it's bs.) Coincidental, perhaps, but we *can* see that the volume burst occurred just as it was time to decide whether to break above or below the 'symmetrical triangle'. And we can see it broke above.
If this is really a bull flag/pennant, then we could conceivably see 275 ... at some point.
We could also go to 100 this week. See the ichimoku cloud on the 4-hour candle chart. So, yeah.... GL.
Disclosure: Long $GME
The upper, blue trendline is kind of bs, but it is a reflection of the lower blue trendline. This creates a symmetrical triangle (not really because there are no spikes in price to support it, which is why I said it's bs.) Coincidental, perhaps, but we *can* see that the volume burst occurred just as it was time to decide whether to break above or below the 'symmetrical triangle'. And we can see it broke above.
If this is really a bull flag/pennant, then we could conceivably see 275 ... at some point.
We could also go to 100 this week. See the ichimoku cloud on the 4-hour candle chart. So, yeah.... GL.
Disclosure: Long $GME