GME SHORT very bad time for earnings

According to fundamental situation risky assets are even more riskier. I´m expecting a strong downwards move soon(today, tomorrow) . As I wrote in my previous idea (check it), there is no valid support between 90 and 42, no place where buying pressure can come, what is very dangerous for this stock. This is not a financial advice.

Note

I wish to be wrong, but expecting 20 USD decline today.

Note

I was wrong in my prediction about the drop, but I still think GME is still bearish. Very important. I´m not a holder of shares and I don´t have any puts. Also I don´t want to hurt anybody with this analysis. It is my point of view and maybe it helps to better average the prices or buy or close in right time.

Why still bearish?
1, There is no volume behind this spike.
2, No build up, no pullback, just spike
3, See the trend line and the fake outs. Average spikes are between 60-100 above the trend line.
4, Strong weekly resistance zone ahead located at 149-152 zone.
5, Weekly 20MA ahead (red bottomed line)

So I think upside move is strongly limited. If price can close above 175 USD (200MA daily), I was completely wrong. I´m happy for all holders and stock have chance for more upside move.

Note

There is a possibility, that price will never come back here.

Rendon1

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GME SHORT hype is over

by Rendon1

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