whats wrong with gamestop?

31 באוק׳ 2024

nothing more than usual. the price will usually have major fallout from large distributive bull moves that fail to break through resistance when it double tops at monthly or weekly highs. this is still a beloved name for a lot of investors that will probably continue to be volatitle. i would long if we break through this daily cypher, and take profit at the Be-Ob level marked out here. i would stop out if we fall through this ChoCH level marked out below. this signals accumulation. not expecting much action out of this until we regain the weekly uptrend, or lose the monthly higher low.

31 באוק׳ 2024

הערה

to bolster this a little bit we can also look at it in terms of harmonics and time cycles with ftz. looking at the whole move is beneficial where aspects are multitimeframed.

the spikes in register with harmonics sync with elliott wave and time cycle or fib time zones.
this could mean that during the current apike a similar wave could interfere.
this is bullish for the stock when the cycles coincide, and neutral when the cycles interfere.
the stock has a logarithmic pattern over quarters where this leads to a sharp rise in volatility.

1 בנוב׳ 2024

הערה

looking at the logarithmic quarterly all tie history theres a long pattern of parabolic moves to the upside that develop into triangle patterns.

with time cycles, harmonics ftz and wave analysis yo can see the major spikes registering in quarters with high vol even on a log curve