GME LONG
I do not have a "reason" for the move - quite simply this is a technical structure which has been showing price activity month over month for a while now and you can see this massive falling wedge structure on the weekly and monthly which just broke out recently and formed a new smaller pennant that it is currently in.
On this is quite simple - this is a stock that gains momentum easily and can do 100% moves very easily. I will watch for the breach of $35 which will lead to a move to 88-90.
Watching this pennant for a break for a test of 35 - followed by the decision of a breakout or a fail at that spot.
On this is quite simple - this is a stock that gains momentum easily and can do 100% moves very easily. I will watch for the breach of $35 which will lead to a move to 88-90.
Watching this pennant for a break for a test of 35 - followed by the decision of a breakout or a fail at that spot.
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.