GME moon soon? v2Follow up to:
Like I said, breakout looks decent. We are testing the top part of the wedge, today is T+2 from our huge volume day, 3/22, but could extend deliverables till Monday. Looking to see options close today and have T+2 settlement (Tues-Wed PM) cause another pump.
Additional thing here in this chart is the CV VWAP Indicator. Taken from an old script I found on TV that was broken.
Author:
Adapted from: Detecting the great short squeeze on Volkswagen, Godfrey, K. (2016, February 18).
Shows some interesting leading indicator prior to GME's Jan 2021 squart. We have not seen movements of this magnitude since then. As you can see the indicator generally stays within the -50 to 50 rage, but we were magnitudes larger on 3/22/2023, similar to 1/25/2021. There are some other notable moments such as 3/23/2022, where we just ran up, then the indicator spiked, then we ran up again through T+2+2.
No guarantees but...
- EPS was positive on earnings
- still no 10-K from GME (why?)
- Liquidity still extremely low
- 66m volume day
I have calls :)
