GameStop broke this triangle📐 up, and I think there is chance for run to 605 USD and even higher. Just bought the pullback to the BUY level, which is previous local high now acting as support. Let the game begin! 🎮
Like👍 & Enjoy🍿!
#GAMESTOP #GME #STOCKS #WALLSTREETBETS #WSB #SHORTSQUEEZE
- ENTRY: previous local high @ 189.33
- SL: local low @ 136.5
- TARGET: height of the triangle projected from midpoint of the local range (BUY - SL) @ 605
- RRR: 8
- INVALIDATION: when SL level hit
Like👍 & Enjoy🍿!
#GAMESTOP #GME #STOCKS #WALLSTREETBETS #WSB #SHORTSQUEEZE
Comment:
also sitting on trendline on log chart
Trade active
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Currently approaching another strong support - confluence of white trendlines and green midpoint of the local range (BUY - SL) @ 161. Also TD Sequential indicator will print "9" by today close. Bounce expected.
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Price bounced as expected. Now it could test $168 before next leg up - again...confluence of trendlines.
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Just testing the trendlines support. I think the new leg up can begin...
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Price dropped even lower - below the green range mid point - and then we got "9" on TD Sequential last Thursday. From that point GME made some gains back and broke the white downtrendline. Let's see if we can get back above the white uptrendline.
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Guess who's back?! Yeah, here we are, baby, back in da Game! 🕹️🔥
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Nice bullish flag with target around 270, meaning the price would get between yellow trendlines. What ya think? 🚩🐂
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Bull flag has been invalidated, priced has dipped too low imo. But it seems that GME has formed red downward channel, tested the confluence of entry level and white trendline, and then recently broke up. Looks good... 👍
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Well it made one more wave down actually. Now approaching the yellow downtrendline which will be critical imo. If broken, GME could fly.
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Did the waiting finally come to an end? Yesterday we broke both yellow and red downtrendline and now we need to get above the white uptrendline.
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Here we go, back above the white uptrendline. Now we need to break the previous swing high (orange dashed line), then we can play catch up🏃♂️ with the yellow uptrendline.
Trade closed: stop reached:
Price reversed and dumped. Stoploss hit🛑 few weeks ago. GME currently riding the yellow downtrendline. Looking for re-entry, will post new idea if anything.
