Multi-Week Trendline Showing Strong Support

4 天前

Look at this sexy chart. All of December GME has been hanging out in this upward channel. The bottom line has acted as support not 2 or 3 times, but EIGHT freakin times. Today was critical in my opinion if the trendline was going to remain strong, especially on a Friday given that max pain was sitting under the line at $30.

RSI has also had a support line around 50. We have bounced off that line yet again. Hopefully soon this is the last one.

Another thing to note is OBV which has been steadily climbing indicating that any pullback is just a distribution period before another leg up.

In my opinion, next week we should see GME test the top of that trendline around $40. If it rejects we may see it come down to test the trend line again around $33 or $34. But if it breaks, we could see this puppy FLY to the Fibonacci extension from the May squeeze. We would match that squeeze at $64.98 while the next (log) line is at $205!!

Lets get it!

前天

交易進行

God damn look at this thing. We broke out of that short term downward trend line in blue with the little arrow pointing at it. Breaking that trend line has put us into this wedge in green.

I think tomorrow we could potentially see $37 testing the top of that green wedge. The bottom is around $32.65.

Wednesday I see a potential high of over $38 and a low of just under $35. Unless of course we break through these trend lines and we just fucking soar.

But who really knows. If i actually knew what was going to happen id be rich. But instead im only rich in stupid friendships.

Anyways. Goodluck!