Short

GME 2/3/2021

Updated

Analysis: Lower highs into support show signs of weakness here because it tells you sellers are willing to sell at lower prices despite the price being near support. We are also in existing downtrend and death cross on the 15min time frame. Looking to short with stop loss @ 120 with initial target price of $50.

Note

stoploss updated to $74

Note

Locking in more gains. Stoploss updated to $60

Note

Target of $50 hit in after market. Updating stoploss to $51 and allowing stop to close me out.

Note

Stopped out at $51. Target hit. 46% gain on short. Trade closed

Trade closed: stop reached

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.