GameStopLong
Gradually Shifting Normal Price Higher
I think I see the plot here, idk just an idea based on Newton’s LOLZ:
The black dotted line around 140 is the “normal price” - just need a name to reference for the rest, calling it normal because Gaussian sounds lame. Yellow dotted lines are +-1 s.d., orange 2, red 3. GME needs to gradually walk the normal price higher to be able to trade at that level for a sustained period.
The previous pop back in March did not walk the norm higher, it just squeezed the FUD and then gave it all back and the norm stayed fairly unchanged.
Recent run tho is interesting, it’s actually taking its time and establishing a base at each successive level like a staircase. This current consolidation at the norm is attempting to change the norm by establishing a base for next pop to between 157 and 175.. it will likely consolidate there until high 160s become the norm, and then it will retest old norm for support before shooting for 175-193... etc, etc
When you play the Game of thrones you win or you Stop.
The black dotted line around 140 is the “normal price” - just need a name to reference for the rest, calling it normal because Gaussian sounds lame. Yellow dotted lines are +-1 s.d., orange 2, red 3. GME needs to gradually walk the normal price higher to be able to trade at that level for a sustained period.
The previous pop back in March did not walk the norm higher, it just squeezed the FUD and then gave it all back and the norm stayed fairly unchanged.
Recent run tho is interesting, it’s actually taking its time and establishing a base at each successive level like a staircase. This current consolidation at the norm is attempting to change the norm by establishing a base for next pop to between 157 and 175.. it will likely consolidate there until high 160s become the norm, and then it will retest old norm for support before shooting for 175-193... etc, etc
When you play the Game of thrones you win or you Stop.
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