GME Tanking This WeekGME is tanking this week due to overbought condition shown by the RSI, MACD and Divergence and Accumulation indicators. Got a couple of put plays for this week and next week. GLHF
GS2C trade ideas
Wishfull thinking for $GME? Maybe not.RSI close to neutral,
Volume MA rising,
NFT marketplace launching sooner than expected,
Record date for AGM, to vote on share split, probably next week 14th,
Split Share dividend on the horizon.
(and maybe some SHF is in trouble and forced to close shorts)
Pullback and spring effectWe have a pullback and spring effect on the vwap indicator so the market will go down again..!
sell gmeAs we see on the chart we have two elements that confirms our selling:
Breakout of the support line with force by a big candle with a large volume
Breakout of the vwap indicator also
analysis on gmeGood morning! today on gme if the support line has been broken with force by a big candle and with a large volume it's means that we have a big probability of downtrend...
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GME FIB levels and RSIDAILY: GME hit oversold on RSI March 28 from the run up starting March 18. looking for a pull back here.
If you play fibs or pay attention to fib levels the 1.61 is a possibility of a High and a break out or rejection (can go up or down, ha). more general a rejection. So High for the run could be 353 (unlikely IMO as there has now been multiple rejections of 190-200 levels)
Please be weary of losing $163 support and heading to $140. I believe in the Fib Bro's swing trading methods. lookin at the .382, .5 and .618. We were heading for $163 (possibly lower) prior to the split announcement.
I am bullish, long on GME. People get upset at charting and then get upset at reading fundamentals. People should look more at making money. Buy and holding beats, timing the market; but, timing the market makes ya feel like a BOSS!
check out my january fib levels post.
ANALYSIS ON GMEDowntrend because we have a breakout of the support line by a big candle and large volume and the vwap indicator.
Technical Analysis/Example on GMEReminder of the course on the SQUEEZE ( candle with a long wick and small body)...You can see on the chart the diffrents elements.
GME SHORT very bad time for earningsAccording to fundamental situation risky assets are even more riskier. I´m expecting a strong downwards move soon(today, tomorrow) . As I wrote in my previous idea (check it), there is no valid support between 90 and 42, no place where buying pressure can come, what is very dangerous for this stock. This is not a financial advice.
SPRING EFFECT AND PULLBACKWe have a good spring effect and also a Pullback on the resistance line !! Big probability on an UPTREND with these two elements..
GME /BUYAs we see on the chart the buyers are coming...We have a breakout of the vwap indicator and the resistance line by force by a big candle and also we have a large volume...At the next green candle you can buy....
ANALYSIS ON GMEWe see on the chart a figure of breathlessness of a bearish movement , in this case the sellers show us difficulties in perpetuating their efforts. Resistance and support line converge...So at the breakout of the resistance line and the vwap indicator with a large volume and also with force so at the next green candle with a large volume you can buy it's means that the buyers are coming...Thank you...
trend rejection can send this lower GME saw a nasty rejection from trend resistance recently, so longs should trade with caution here.
above 204.70 ill take a long position, below 137.28 ill go short
