TLDR
-Margin Call
-VWAPS used to control risk
-VWAP Bands measure standard deviations from the VWAP
-Pushing thru the bands takes volume and momentum
-Fibs are targets
-Fib pairs act as support and resistance
-Smaller MOASS box and corresponding fib extensions show really good targets that traders can use to protect their investment
-Sentiment drives price and we don't care about fundamentals
Note: WC in title = weekly close.
-Margin Call
-VWAPS used to control risk
-VWAP Bands measure standard deviations from the VWAP
-Pushing thru the bands takes volume and momentum
-Fibs are targets
-Fib pairs act as support and resistance
-Smaller MOASS box and corresponding fib extensions show really good targets that traders can use to protect their investment
-Sentiment drives price and we don't care about fundamentals
Note: WC in title = weekly close.
Trade active
Zooming in a bit We are really interested to see how price handles the 28 level
That level should be a real problem for shorts and the options market makers
Trade closed: target reached
Morning!Casino is already open and we are off to a good start.
28 is in our sights
M O A S S
Note
Ok things are about to get spicy..potentially lolReally interested to see how price handles that VWAP near 28
Note
Session volume profile looking BULLISHNote
UP we goNote
And here...we...go...Note
And we are offNote
Still headed upNote
As we saidNote
Right on target..told you 28 was nextThinking we see a pull back before we head higher
Lets see
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Pullback almost completeNote
And thats a wrap!Now wasnt that fun :)
One word to describe whats coming next: HIGHER
M O A S S
Note
Whats that in the distance over there? It looks like a 4 and a 0..oh thats 40!
Note
Morning!Casino will be open later
Price should continue substantially higher after this pullback completes
Get ready!
M O A S S
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Ok that move down clarified things a bitHello 30
Note
Like we said get ready to say hello to 30..then 40 :)Note
Thinking the near term plays out like soNote
NOTE: I would like to call out that in our weekend video update we very explicitly said that 28 would give us a decent pullback and in our written updates last week we kept saying the 28 level would be very interesting..none of this is surprising and was absolutely predicted.
Note
Ok after another pullback price should be headed to 28 for the last time and then we start targeting 30+Note
Zooming out a tad just so we are on the same page Note
And thats a wrap!Hopefully today didnt bum you out too much
Pullbacks are healthy in the grand scheme of things and they really help define structure and targets
We are on our way folks
Back to 28 then 30+
M O A S S
Note
Morning!Casino will be open later
This pullback should complete today and we should be off and running through the end of this week into the next
Chart shows what things should look like in the immediate near term
M O A S S
Note
Having fun lolGME and its multitude of overlapping price action can definitely be frustrating but its totally normal for what we know about the stock
With that said nothings changed...
Next time we get to 28 we are going right through on our way to 30
Note
Oh and notice price is still respecting VWAPSNote
Zooming out a bit to get a better view of price in relation to the VWAPsLooking good!
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Session profile view..lots of green!Note
Do know that we are expecting another decent pullback once we get to 30lets see
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And thats a wrap!Ok now that the CPI stuff is out the way the market can get back in motion
GME is looking GREAT!
Support holding above VWAPS and continuing to make new highs..
30 here we come..then 35...40
Note
Morning!Casino will be open later
Should see price continue higher today as we make our way towards 30+
Chart above works for now
M O A S S
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Good day so far!SMH at the amount of conversation on Reddit and amongst certain youtubers about the 28 level
Whats special about 28? VWAP off the Apr low is whats special
SMH Reddit is going to cause a lot of people to lose a lot of money on this..please be careful folks
Note
And thats a wrap!Good day overall!
GME as usual has a lot of overlapping price action but as with all stocks, the more it moves the more it clarifies its intentions
With that said nothings changed...
We are headed to 30 next then 35..then 40
But hear is what you should know about what happens next:
The move above 30 will start a series of extremely volatile moves higher that will target the May high..
The end of Nov should see the MOASS rockets kick into another gear
M O A S S
Short volume continues to rise like we predicted over a month ago
Note
Morning!Casino will be open later
A move to the 30 level should happen today or Monday and then things get really spicy
Hope you are ready :)
M O A S S
Note
Just getting back in front of my computer but overall it was a good week!At this point we shouldnt bat an eye at these down days as they are expected and needed to help define structure
With that said ABSOLUTELY NOTHING HAS CHANGED
We are headed to 30 then 35 then 40+..then well..just watch
Its worth noting again that price is well above the Oct 23rd VWAP..as we predicted.. and its going to stay above it folks..
M O A S S..is literally happening in front of our eyes
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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.
Related publications
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.