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196 is next resistance for GME
GameStop
Long
196 is next resistance for GME
By testmuffin13
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May 18, 2021
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May 18, 2021
196 was the high in April, so that is near term target.
2 days closing green over 180 after not being able to break it for 3 weeks is very positive.
Tomorrow is T-21 from 4/20, that was a big drop day with 4.7 million volume which means up to 2.9 million shares shorted at 62.2% SI that day.
Its possible a large portion of those shares need to be covered tomorrow which is probably why GME was attempted to be dropped so hard today.
I know were all waiting for the big spike day, me too.
I am not sure we will see a big spike day until a big player gives up and covers or is actually margin called.
As long as the price continues to increase that margin pressure will continue to mount.
Hang in there!
Fundamental Analysis
GME
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