DoriTradesIt

DoriTradesIt Updated 

For GME, there are currently several bullish indicators from a technical perspective. However, in my opinion, we can break it down a bit. At the moment, we are in the corridor between $26 and $30 since 11/07/24. The $26 level now acts as a very strong support zone, while $29.80/$30 is historically one of the strongest resistance levels for GME. Whenever GME has...

DoriTradesIt Updated 

Just a small update on GME. My indicator built on Ichimoku flagged a strong buy (SB) and super strong buy (SSB) on the 1h timeframe yesterday morning, indicating bullish momentum. Yesterday's price action was in my opinion due to the hard resistance at $29.83 and kind of expected. On top of my Ichimoku Trend indicator daily lagging EMA indicators show pretty...

DoriTradesIt

After having a look at how GME performed during the last three ATM offerings (June '21, May '24, June '24) I expect something like the above chart for the current ATM offering. After opening at a lower price than the previous closing price, GME tends to pump a bit (something like 5-15%) and forms a pretty linear selling off until the ATM is done. The recent ATM...

DoriTradesIt

GME continues to follow the well-known algorithm from recent years. The double top in May/June 2024 led to a significant drop in the stock, a phase of consolidation, and this rounding bottom typically concludes a cycle. This should be completed around the $18-20 range (also a previous resistance which has now transformed into a support zone). Additionally, GME...