A little further down to goThere is a CwH that will complete in the next few days or so. It will also be consistent with an established trendline and the Gann Fan I've been using with great success to track the price action.
I'm very bullish on GME. There are more short positions than there is stock, so all we have to do is wait and this thing can go up as much as there is money in the coffers of the shorters and their insurance. Strange but true.
Melvincapital
CDR Short Squeeze Failure?This is an update to: www.tradingview.com
As noted before we lacked upward movement that could end 2nd elliott wave in a statistically popular fibo retracement level. As short squeeze against Mevlin Capital inspired detail investors we have reached a popular level of 61.8%. It seems that memes have lost their momentum for buying stocks like GME or AMC according to what can be seen on the charts I assume the same will happen CDR. Just as writing this possibly S&P500 and NDX stocks are starting to loose upward momentum for the day tomorrow might be a crucial day for CDR. Reaching MA200 cannot come unnoted.
New Fundamentals (previous are still in effect):
Polish WIG20 index which CDR is part of has reached a significant barrier where bears can return.
New Speculation (previous are still in effect):
Short squeeze against Melin Capital (still shorting CDR but at significantly lower level) is loosing momentum as panic movements can be observed both on GME and AMC.