GME 2/5/2021

Updated
Analysis: After continuation of downtrend and breaking down support area of $81, price found support at $52. Parabolic move into support turned resistance. Grave stone doji in resistance is our entry.
Entry: 77
target: 57
stop loss: 98
Note
Stop loss updated to $75.50
Note
Stop loss adjusted to $68
Note
Stop loss adjusted to $60
Trade closed: target reached
Stopped at $60. 22% gain on the short
Support and ResistanceTrend Analysis

Disclaimer