GME trend line support
Updated
Some guidance for those who plan trading GME. Please be aware that this is a high volatile meme stock and size your position accordingly.
Note
Strong price congestion on the daily. This will explode soon. But which way....Note
There might still be a chance for GME bulls as support line holds. Also notably the sell-off, which followed investors meeting, was not as strong as it could have been (given absence of encouraging announcements)Note
Support holds, but very weak reaction. Looks like a bear flag. Note
Day closes as an inside bar. Next thing for the bulls is to go above 26 and hold it.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.