NOT FINANCIAL ADVICE
Will the earnings report (expected near June 8th) shine light on the valuation?
Will history repeat itself and send prices down from this horizontal level?
Will people start going outside more (literally everyone everywhere all at once) and spend their money in directions other than video games?
Will the President foil stock market gains again with his tax plan? what about the retro-active aspect for those that already pocketed gains pre-April?
TECHNICALS:
Stochastic says more sideways or down.
Horizontal support says don't buy yet (not sure who needs to read that but it's there for you).
Trend support says $100-115 is a safe buying zone.
Shorting this directly would be dangerous and a good recipe for a margin call.
Buying the right put options(30+days out minimum) could produce massive profits.
I have never held shares of GME.
I am currently holding a PUT contract that is already green with a 1-10 Risk/Reward.
Will the earnings report (expected near June 8th) shine light on the valuation?
Will history repeat itself and send prices down from this horizontal level?
Will people start going outside more (literally everyone everywhere all at once) and spend their money in directions other than video games?
Will the President foil stock market gains again with his tax plan? what about the retro-active aspect for those that already pocketed gains pre-April?
TECHNICALS:
Stochastic says more sideways or down.
Horizontal support says don't buy yet (not sure who needs to read that but it's there for you).
Trend support says $100-115 is a safe buying zone.
Shorting this directly would be dangerous and a good recipe for a margin call.
Buying the right put options(30+days out minimum) could produce massive profits.
I have never held shares of GME.
I am currently holding a PUT contract that is already green with a 1-10 Risk/Reward.
Note
Note
Note
This shows the original published TF and market data (excluding pre and post market data) and you can see the red rectangle was hit.The rectangle was easy to forecast as I simply aimed for a slight lag behind the earning report. This event was highly probable to NOT send the stock to $3k.
Note
Note
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The price action from today's bounce only solidies the support and resistance shown below.Note
continuing the prior view
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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.
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.