We see a massive hidden bullish divergence in the Cumulative Volume Delta for GME.
This means that short sellers have tried to push the price down by all means, but were unable to break below the previous low.
The logical consequence of this situation is an expected short squeeze.
Experience shows that the more pronounced the divergence, the stronger the short squeeze.
This means that short sellers have tried to push the price down by all means, but were unable to break below the previous low.
The logical consequence of this situation is an expected short squeeze.
Experience shows that the more pronounced the divergence, the stronger the short squeeze.
Note
Looking good so far :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.