Unfortunately for holders, GME will continue to decline to these supports. Till it is locked in this triangle, there is no chance for upward move.
Note
Price will be bouncing between 50MA and 200MA (with spikes to 200MA). My estimation is, that next week it will be rejected to 153-157 area, then start to decline. At beginning of June combination of death cross on daily (200MA - 50MA) and bad earnings report (4th in row) will send the price under 100.
Please don´t get offended by my analysis. I didn´t mean it like atack on your emotions. It is just technical analysis and I have no emotions in it. Understand, that holding buys from 300, 250 or 190 is not easy. But if you believe in your stock, maybe this analysis will help you to plan better your averaging entry points. These points are causing the spikes. Good luck.
Note
Expected daily close under daily 50MA( with clear retest after break) means, that GME will continue down till end of this week. Buyers should come at this level, but they didn't. Next important support is at 117.
Do not have 30K followers, do not have to share 15 trade a day, because you pay subscription, do not live from subscription, but sharing my knowledge trades and signals. For free. If you want to join, you are welcomed. t.me/+CE3Vdc5m72w4MjRk
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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.
Do not have 30K followers, do not have to share 15 trade a day, because you pay subscription, do not live from subscription, but sharing my knowledge trades and signals. For free. If you want to join, you are welcomed. t.me/+CE3Vdc5m72w4MjRk
Related publications
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.