GME this past week showed a nice reversal as seen on the 30 minute chart. Price hit a swing
low on May 2nd and then rose the rest of the week. Is it riding above the linear regression line
set to draw context and direction. On the anchored VWAP bands GME has crossed over the
first standard deviation VWAP line as well as the mean VWAP. Buying volume has replaced
selling volume in the past 3-4 sessions. GME crossed above the POC line of the intermediate
term volume profile suggesting buyers are taking control of the market
Please comment. What do you think? Is GME getting ready for another launch?
low on May 2nd and then rose the rest of the week. Is it riding above the linear regression line
set to draw context and direction. On the anchored VWAP bands GME has crossed over the
first standard deviation VWAP line as well as the mean VWAP. Buying volume has replaced
selling volume in the past 3-4 sessions. GME crossed above the POC line of the intermediate
term volume profile suggesting buyers are taking control of the market
Please comment. What do you think? Is GME getting ready for another launch?
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Call options have launched well - they look good on the ascent. GME's price up 7% since the idea was uploaded. Awaiting shorts interested in covering to fuel the
rocket. Also looking at AMC / APE.
rocket. Also looking at AMC / APE.
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GME up 4% today Call options gained 70% Are short sellers buying to cover ?
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I believe that GME topped on Friday. I see a bear flag pattern on the one-hour chart.
AI trend indicator is now predicting a downtrend to $19.00. Trade closed and
switch to put options. Expect more volatility in the upcoming week as earnings are
reported.
AI trend indicator is now predicting a downtrend to $19.00. Trade closed and
switch to put options. Expect more volatility in the upcoming week as earnings are
reported.
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I have placed a buy-limit order for when the price drops to $19 with a target of $25.00 with a stop loss of 2% and a projected return of 30% making for a great ratio.
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obviously the AI algo gave a low estimate of the action therefore I believe that a short squeeze maybe underway the AI does not have squeeze concepts in the mathematics- I jumped in this early morning ( 1:30 AM Phoenix time) cashed out the profits and then jumped into call options at the regular open.
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Positions closed at $24.00 will go long again at $19.45 which is new algo predicted bottom on Friday afternoon to set up for the upcoming earnings.
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Nice sympathy pop today for the general market rally will re-enter with a small position and watch for sustained momentum.