GameStopLong
GME Wyckoff Accumulation
Updated
GME has just completed a spring/shakeout and the trend will gradually become bullish. GME IV percentile is at/near the lowest it has been in the past year, and institutions have been using this opportunity to load up stock and options. Options open interest in meme stocks (GME, AMC, NOK, BB) have been sizzling lately. Meme stocks should have an explosive beginning of the year.
Note
Additionally, GME has becoming increasingly illiquid thanks to apes decreasing the supply through DRS. All this stock needs to rocket is a catalyst (NFT Marketplace?) to bring back FOMO demand.
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.