GME
Updated
Did you know that Michael Burry is long on GME?
Of course, that is not a reason for us to also pres a buy button, but if we look at redline which has a price value from 2003 lows, and on H1 MA200 which stand as a support line together with redline (RSI is at 50 levels here) we can wait for some price reverse and then take under consideration to go-ahead.
I don't have a problem to go with 1000 shares and hold my breath to -50% if needed, because I am not a day trader.
My target, when I go in, will be at $12 area, but only if the price breaks $8.82.
Of course, that is not a reason for us to also pres a buy button, but if we look at redline which has a price value from 2003 lows, and on H1 MA200 which stand as a support line together with redline (RSI is at 50 levels here) we can wait for some price reverse and then take under consideration to go-ahead.
I don't have a problem to go with 1000 shares and hold my breath to -50% if needed, because I am not a day trader.
My target, when I go in, will be at $12 area, but only if the price breaks $8.82.
Comment
and its doneComment
next bigger buy after todays drop
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.