NOT FINANCIAL ADVICE
Previous post called to breakthrough of the flag into uptrend, so far it is in the beginnings of an uptrend.
4 Hour support around $209-210
Resistance around $213
Still hoping for a $220 close for good confirmation of long bullish trend.
So far, analysis is correct, see previous post for bull flag analysis.
NOT FINANCIAL ADVICE
Bull Flag formation on AMC if it breaks through the resistance(s) (both flag resistance and normal resistance ), into a bullish/uptrend.
Support - $42
Resistance - $43ish
Breakthrough Bull Flag - $44.50
If falls through levels of support, sell signals should come from supertrends.
If breaks through levels of resistance, should see...
Flag support at 198
Flag resistance coming to an end, should see major move up or down.
Would play the breakthrough of flag resistance, still hoping for a close above 220.
Although there is a potential breakthrough, of course the opposite could happen as well.
Best thing to do for now is to wait or buy if you believe.
I will still be buying and holding (going long).
GME breaks through flag resistance, going into bullish uptrend.
However, there is major resistance at 220, hoping for a close above 220.
New support should form soon, I estimate new support would be around 200-205ish.
Also hoping for higher than estimated earnings report, should reinforce retail and institutional investors for a long position until shorts cover.
Flag Forming on GME stock 15 min interval. Play the breakthrough of resistance (around 220+ on the close) for a long position.
Sell Attack may happen from the hedge funds, you can potentially short on the fall through of support (flag).\
Neutral for now as it is sideways market.
