4hr bullish structure, expect short term rally up testing $250. then goes down testing spring formed last month. WOULD LOVE TO LOAD UP MORE $150-170 range! - this is not a financial advice.
The percentage of short volume is about 60%, is it high bruh! it's high, is it short squeeze bruh 1000 videos in YouTube said so and the reddit said it too. So will it fly don't know. from the pitch fan, it predicted the price of GME cleverly reach $260s, so based on pitch fan it can be said that, yeah it will fall first before continuing the path to the moon....
OBV confirms move upward Next major step in the breakout is 300 and 350 which was the previous high before the death drop to 170. Large amounts of calls are coming ITM is only going to push this stock further up. Get ready for those margin calls that should start happening Friday/Tuesday. PS, if you see news that "shorts" have lost 6 billion dollars or...
hey everyone GME is more bullish than ever it took support from 20MA, new Ath is coming to my minimum target of 500-650$. hope you guys like the trend analysis hit like and comment.
Broke 196! GME highest it has been in 3 months! AH higher then close! This is GME with zero momentum, just wait until it gets going. Woe to any shorting GameStop at this point.
Consolidating with low volume (Good sign) and OBV rounding up, send it WSB!
Descending triangle Target ~$70
196 was the high in April, so that is near term target. 2 days closing green over 180 after not being able to break it for 3 weeks is very positive. Tomorrow is T-21 from 4/20, that was a big drop day with 4.7 million volume which means up to 2.9 million shares shorted at 62.2% SI that day. Its possible a large portion of those shares need to be covered...
I moved my moon indicator over 1 week and set at 175. GME is now firmly over the 5 month downtrend started with the mini-squeeze in January. Looking like finally we are at last call before this thing goes bananas. Volume is coming back as well, options haven't yet kicked off but any big move in options will set this off.
Just tested the descending downtrend. A full break tomorrow should be confirmed shortly. A rejection would mean a retest at the end of next week. Some other interesting info. There is 4 million shares in way OTM puts expiring next week. These are opened under 30 dollars. These are rumored to allow hedge funds to not have to deliver FTDs right away. In theory...
Was Melvin and Citadel margin called yesterday? We should find out next week.
Target 4k in a couple years Connecting the 2002 & 2007 tops, would be funny if Gamestop hitting 4k marked the end of the bull market in a couple years.
Options are going to get expensive real fast, so just buying stock might be the play. Tomorrow might be last day to get somewhat cheap GME options. Its going to get nutty tomorrow and Wednesday once risk is readjusted. GME hasn't even started moving yet. Good Luck and Hang in there.
Some good DD from Reddit. "GME closed $0.01 from previous day close - This has happened only two other days in the past January 12th with a delta of $0.01 and February 23rd with the exact same closing price as open. The next day after each, the price doubled." Lowest volume day since November 2020. I feel GME might be on a slightly longer timeline this time...
For those of you who've been paying attention, 4/26 is the Great Conjunction. It's the point where this wedge completes and also the date when certain smug Wall St firms have to take it on the chin for their FTDs. I wish everything didn't make so much sense right now. I almost don't trust it, but all signs are pointing toward the MOASS, ladies n gents.