GAMESTOP: The Party Is Over
Updated
Remember when Elon used to tweet about Dogecoin, causing the entire market to react wildly? Market cycles repeat, and this one is no different. What we've learned is that driving up prices through tweets, Saturday Night Live appearances, or YouTube livestreams is unsustainable, and the positive effects are diminishing.
Yesterday, expectations for the livestreams were high. Despite multiple market halts, the disappointment was evident as GME's price retraced to its pre-pump level from the start of the week.
Yesterday, expectations for the livestreams were high. Despite multiple market halts, the disappointment was evident as GME's price retraced to its pre-pump level from the start of the week.
Comment
If Keiths Tweets don't pump the price anymore, what else will do?Comment
Very strong reaction after filling the gap. Yesterday's close was at a major horizontal resistance (volume profile). Let's see where this goes today
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