This chart shows 30 minute candles. We can see that MFI has been steadily increasing for the last week and a half. Finally, today, we did see an upward curve in Accumulation, which would normally be bullish, except around the same time, we also see MFI going down. This is bearish divergence. But it is only for one day, and fwiw, we can see a similar divergence back on Feb 25, and it did not prove detrimental to the bulls.
However, I think it's reasonable to conclude that today marked the end of the third AND fourth waves, which leaves only wave five. Wave five does not always reach the upper trendline ime, and it could easily pop and drop. The lower ichimoku cloud may offer some minor support, but I think this could go back to "normal" levels. My total guess on that is around $40 eventually. But, I also think news from Ryan Cohen on company direction and concrete plans could act as a catalyst for future pops like what we've already seen. This stock could rise to TSLA-like cult status, imo.
Disclosure: I sold all $GME yesterday and today.
However, I think it's reasonable to conclude that today marked the end of the third AND fourth waves, which leaves only wave five. Wave five does not always reach the upper trendline ime, and it could easily pop and drop. The lower ichimoku cloud may offer some minor support, but I think this could go back to "normal" levels. My total guess on that is around $40 eventually. But, I also think news from Ryan Cohen on company direction and concrete plans could act as a catalyst for future pops like what we've already seen. This stock could rise to TSLA-like cult status, imo.
Disclosure: I sold all $GME yesterday and today.