baumulrich

baumulrich Updated 

Reiterated on my idea of the cup and handle between March 15th and now. I first published this idea a few weeks ago, and since then, earlier then I expected, we have started the ascent to the handle. I would have expected this to only happen by early June, based on the Cann Square levels. We can see that the levels have served us well so far, so I am surprised to...

baumulrich

After completing the Cup and Handle pattern fully, it looks to me as if we completed a full impulse wave 12345 with a ABC correction. This perception is also supported by the perfect fibonacci levels and filled the gap at 211 to 220 This suggests we are about to enter a new cycle. Since the Earnings report was incredibly bullish (25% sales growth, 49% earnings...

baumulrich

After completing the Cup and Handle pattern fully, it looks to me as if we completed a full impulse wave 12345 with a ABC correction. This perception is also supported by the perfect fibonacci levels. This suggests we are about to enter a new cycle. Since the Earnings report was incredibly bullish (25% sales growth, 49% earnings beat) and the surrounding news...

baumulrich

As predicted in my older posts, GME is now nearing the completion of the Cup and Handle pattern. This is very bullish, and indicated that it is ready to continue its long term upward trajectory. The long term trend we see with this pitch fork from the ATL to first peak and next low outlines that we should be expecting another test of the top of the 1x trend line...

baumulrich Updated 

It looks to me as if we are forming a base after downtrend since match 10th lost steam. I expect a trend reversal over the next few weeks and a retest of the level at 280. This is commonly referred to as a "Cup and handle" pattern. It's a very strong and very reliable bullish pattern. The underlying psychology is bulls running into a resistance, they retreat to...