GME RED DAY Bearish Short Term
Pushed Back under resistance, very familiar move with #GME
GME has been in a channel between $47.50 & $19.50
GME is still in a #Bearish Trend now that we have pushed back under resistance.
My first price target is $33.66 hit in the after market
Next $32 OPEN
Next $30.99
Monday $28.99
Possible $26 by Monday
Also Possible we tap $19.60 for the third time and totally break down around earnings, without any critical news
Ryan Cohen 's attempt failed to make an effective dent with the 1 for 4 split. Shorts were still able to hide their position and continue to hold.
There are currently no shares to short, but with the news of BBBY Ryan is feeling suspicious to a group of apes.
Any how remember Stocks fall sharper then they rise!
Ill Reposition Monday or Tuesday after the Storm!
Short Interest 59,908,446 shares
Short Interest Ratio 6.37 Days to Cover
Short Interest % Float 23.63%
Off-Exchange Short Volume 2,247,179 shares
Off-Exchange Short Volume Ratio 47.94%
GME has been in a channel between $47.50 & $19.50
GME is still in a #Bearish Trend now that we have pushed back under resistance.
My first price target is $33.66 hit in the after market
Next $32 OPEN
Next $30.99
Monday $28.99
Possible $26 by Monday
Also Possible we tap $19.60 for the third time and totally break down around earnings, without any critical news
Ryan Cohen 's attempt failed to make an effective dent with the 1 for 4 split. Shorts were still able to hide their position and continue to hold.
There are currently no shares to short, but with the news of BBBY Ryan is feeling suspicious to a group of apes.
Any how remember Stocks fall sharper then they rise!
Ill Reposition Monday or Tuesday after the Storm!
Short Interest 59,908,446 shares
Short Interest Ratio 6.37 Days to Cover
Short Interest % Float 23.63%
Off-Exchange Short Volume 2,247,179 shares
Off-Exchange Short Volume Ratio 47.94%
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