The price tanks hard, but the volume doesn't cover this.
This underpins the theory, that price at GameStop
GME stock is currently primarily driven down by short ladder attacks. Retailers or not selling big. They are holding the line!
You can easily see this today on daily and hourly chart.
So I think the price will recover to much higher levels, if retail selling pressure will not increase, as hedge fonds have to cover their shorts at some point and the expected shortsqueeze is about to come.
This underpins the theory, that price at GameStop
GME stock is currently primarily driven down by short ladder attacks. Retailers or not selling big. They are holding the line!You can easily see this today on daily and hourly chart.
So I think the price will recover to much higher levels, if retail selling pressure will not increase, as hedge fonds have to cover their shorts at some point and the expected shortsqueeze is about to come.
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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.