GameStopShort
GME consolidating, bounces off support, hits resistance
Using fib channels, we can see the last time GME bounced off the bottom, it rocketed up to the golden ratio.
Right now GME is not only consolidating, but it also perfectly hits the bottom of the fib channel once again. If we take the exact timeframe of the last rise and place it right on the bottom resistance of the fib channel, we can see it perfectly hits the first line of resistance by early June.
Right now GME is not only consolidating, but it also perfectly hits the bottom of the fib channel once again. If we take the exact timeframe of the last rise and place it right on the bottom resistance of the fib channel, we can see it perfectly hits the first line of resistance by early June.
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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.