Gold has moved within the channel currently in a bearish correction since last year and is currently forming a correction after an impulse. The next natural phase would be an impulse.
Watch the fibs closely and see if there's any bearish patterns appearing on smaller timeframes.
If you like my ideas, give it a thumbs up! Comment and let me know what you think.
Price recently broke through the upper ceiling of the previous up-trend, making its way into the new 'consolidation' area. This means the next ceiling before breaking into a new consolidation is around $700-$800 per share. This data is representative of the January high and the current high price point.
I have readjusted the overall trend from a down-trend consolidation to and up-trend as yesterday the price broke out of the down-trend and price reversed with support.
Today looks like a good chance to break out of the downward cycle and have the candlesticks start to really make their way up. The opposite is also true, so be careful.
We tested yesterday and got rejected, we still made a higher low, gaining support again at 115. Will we get rejected again today? The odds are in our favour. Good luck everyone.
Potential gigantic cup and handle pattern forming? By the looks of it, needs to get past 150 to break the overall current trend. May dip to around 70.
Not sure if chart analysis even works in the context of this stock as it's so volatile, but these levels are key levels if we take into account technical analysis. Thoughts?
Consolidation here. Average price point is $52.75. Trend reversal into an up trend price point at $62.77. Down trend fall off price point at $42.69.
To the moon!
GME volatility is being confirmed, as the $215 support causes a 2nd reversal. It will probably take a test or two to break the $320 level but if we do, I expect the uptrend to continue.
While shorts are exiting their positions and calling a selloff, previously $200 was a sticking point and I think you can expect that to continue, as retail investors around America wake up today and start buying in to GME at the attractive price it's now sitting at.
I expected less of a dip but the short interest dropping to 50% has had a significant effect, as...
Institutions driving the price down and deflecting attention to SLV. GME is still over shorted and will have to kick back from here.
This is a risky investment but the potential returns are huge, therefore I recommend anyone with a decently sized portfolio to hedge by buying in with a small amount of shares.
GME before another 174% increase. One of the most frequently mentioned stock shares of recent times is GAMESTOP Corporation. Its amazing soaring has caused difficulties for several mutual funds. For those who expected a greater decline after the rise. Currently, the fair value of GME shares is 335.19usd. This means that no major correction can still be assumed...
I called this earlier, I believe that GME stock is very valuable because games are fun and I hear that hedge funds are desperate for this stock because they think it's going to rise.
This is of course speculation but it just so happens that these trends aren't so hard to spot guys. Just buy GME and hold it for some time and the business will be able to start...
* short interest: 75.54% of float by Ortex, 113.31% of float by S3 Shortsight
* short share public availability: 0
Shorts are exiting their positions, but an amount of shares equal or almost equal to float is still shorted.
robinhood and other brokerages didn't have the capital to place buy orders at times yesterday.
Robinhood is apparently going so far as to...
