Is GameStops Crunch time coming sooner than you think?
As seen here, we can observe a cup with handle pattern, which is usually followed by a substantial growth in share price.
This failed to occur.
We also saw a breach of the lower side of GME's wedge/triangle, followed by a forced rally (Pump).
This was not genuine support, hence the lower Daily highs allowed a continuation of the wedge.
We are now at the pointy end of things according to the chart (not the hype or margin calls) and Positive Cashflow indicators will assist with anticipating either a positive or negative breakout.
Several Cahflow Indicators are required to track monies.
Remember that the rule 'for every buyer there is a seller' is NOT a rule.
Sometimes there is one large seller buying from many smaller ones.
Sometimes there are many sellers selling to one large buyer.
Sometimes a seller will bow down to a buyers price and sometimes a buyer will have to reach high to bet a price.
So in the market, know that all transactions are not equal & finding the right Indicators will allow Speculators
to anticipate GOOD money activity as well as BAD.
Don't trust hype, nor any person who preaches that you should buy based on FOMO, or who derides sellers as though they are playing the Crypto market (with other amatuers).
The stockmarket is not an amatuerish wild beast like Crypto, it is well seasoned.
Yet the more Crypto investors that play the stockmarket, the more we will see reflex activity and ramping.
USE INDICATORS AND PLOT CHARTS therfore.
Methinks it's GME Crunchtime already, not in a few days time.
So who's going to be in front and who's going to be left behind?
Get charting, plot and overlay Indicators and find out ASAP.
GLTAH
NOTE: Heiken Ashi Candles used.
If share goes above $280 then it should test $340 soon enough due to FOMO and hype.
If it doesn't go to $200 within the next couple of trading days then it will likely crash to $119 & if it falls through that $90 will be it's next
test for support.
This failed to occur.
We also saw a breach of the lower side of GME's wedge/triangle, followed by a forced rally (Pump).
This was not genuine support, hence the lower Daily highs allowed a continuation of the wedge.
We are now at the pointy end of things according to the chart (not the hype or margin calls) and Positive Cashflow indicators will assist with anticipating either a positive or negative breakout.
Several Cahflow Indicators are required to track monies.
Remember that the rule 'for every buyer there is a seller' is NOT a rule.
Sometimes there is one large seller buying from many smaller ones.
Sometimes there are many sellers selling to one large buyer.
Sometimes a seller will bow down to a buyers price and sometimes a buyer will have to reach high to bet a price.
So in the market, know that all transactions are not equal & finding the right Indicators will allow Speculators
to anticipate GOOD money activity as well as BAD.
Don't trust hype, nor any person who preaches that you should buy based on FOMO, or who derides sellers as though they are playing the Crypto market (with other amatuers).
The stockmarket is not an amatuerish wild beast like Crypto, it is well seasoned.
Yet the more Crypto investors that play the stockmarket, the more we will see reflex activity and ramping.
USE INDICATORS AND PLOT CHARTS therfore.
Methinks it's GME Crunchtime already, not in a few days time.
So who's going to be in front and who's going to be left behind?
Get charting, plot and overlay Indicators and find out ASAP.
GLTAH
NOTE: Heiken Ashi Candles used.
If share goes above $280 then it should test $340 soon enough due to FOMO and hype.
If it doesn't go to $200 within the next couple of trading days then it will likely crash to $119 & if it falls through that $90 will be it's next
test for support.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.