I recently seen an article about Game Stop being at its lowest level of the year so i decided to glance at the technicals. From a Technical standpoint it looks pretty good. Here are a few reasons why i think this: 1) Price is approaching a nicely unmitigated demand zone. 2) The demand zone created a great deal of imbalance 3) There is liquidity above the demand zone. 4) There is divergence playing out.
When price approaches the demand i may look for some calls depending on how momentum shifts on the lower time frams.
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Price is playing out a wedge pattern and still showing divergence. Waiting for a news catalyst to set things off.
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can someone say GAMETIME!!
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Price came back to retest the break out level. Purchased some calls at that level. Waiting for take off.
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still at play
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Looking for price to give a strong close above 15:30
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well its about time!
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Seeing a flag pattern playing out for another possible leg up
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bullish 4h choch + bullish continuation on the latest update from roaring Kitty
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4h pulled back and now we are getting some bullish Order flow. The next price target is the previous high at 47.
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Lets go!!
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target hit, may pull back a bit and then blast off after hours. Also anticipating more bullish sentiment with the Roaring Kitty live planned for tomorrow.
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The party is just getting started. Looking for this imbalance to get filled and price to reverse bullish once the market opens.
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5 min gave a falling wedge + bullish divergence and some nice bullish candles at open. Let's keep it pushing!
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divergence is still in play on the 5m..just wish they would stop halting the market so we can run it up!
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Things may look a bit grim with all this red but I still see bullish divergence in play.
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price is making lower lows and the AO is making lower highs
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looks like we are pushing down to fill the gap and then take off.
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gap filled
Trade active
Massive Triangle forming. Seems like we may be in for a Part 2
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