I cannot remember ever seeing such a bullish setup for GME since starting to follow it in January 2021
Yes, there was 1 golden cross before, Yes, there were many double bottoms before Yes, there were many confirmed uptrends before Yes, there were many solid gamma ramps before Yes, it bounced off the MA200 once before
But all together? No
With that, UBS announced that they completed the take over of Credit Suisse and that they are going to get rid of the toxic assets. And we know that Credit Suisse inherited those from Archegos. And we know it caused the downfalls of both Archegos and Credit Suisse. And we know what caused the downfall of Melvin. And we know there are many others with toxic assets.
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It is also in the handle part of a cup and handle, it will just be too crowded to draw that in as well
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The SEC has failed to deliver the Fails-to-Deliver Data. I can only assume that there are so many GME FTDs that it will reveal the real short interest and causes a GME short squeeze if investors can see it.
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