GME and me
I make no apologies for the chaos of my charting method as I look at many different timeframes but primarily 1D analysis as it's the best for long term trends :)
I have been in GME since early 2020 and there is plenty to learn and understand about GME, but the main outlooks for the long thesis are strong. GME's ultimate story seems like it will be told by the end of October, though a breakout can happen sooner. We have bounced off the top of the wedge 2 times (1/28, 6/8), and the bottom 4 (1/13, 2/23, 8/5, 8/19).
Using this analysis for my entry points (exit is nowhere close yet) as well as strikes to sell calls has proven quite accurate thus far. GME has a wealth of information at this point in time to do deeper analysis into news, options, and other areas.
For now the outcome looks to be another bounce off the bottom of this fairly well defined wedge which encompasses the entire 2021 trading year-to-date.
Obligatory; this is not financial advice, or anything close. Have fun!
I have been in GME since early 2020 and there is plenty to learn and understand about GME, but the main outlooks for the long thesis are strong. GME's ultimate story seems like it will be told by the end of October, though a breakout can happen sooner. We have bounced off the top of the wedge 2 times (1/28, 6/8), and the bottom 4 (1/13, 2/23, 8/5, 8/19).
Using this analysis for my entry points (exit is nowhere close yet) as well as strikes to sell calls has proven quite accurate thus far. GME has a wealth of information at this point in time to do deeper analysis into news, options, and other areas.
For now the outcome looks to be another bounce off the bottom of this fairly well defined wedge which encompasses the entire 2021 trading year-to-date.
Obligatory; this is not financial advice, or anything close. Have fun!
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