GME broke through descending channel and is about to run just before earnings release
$BBIG proxy just dropped, let the short squeeze begin. ml.globenewswire.com Not advice to your own DD
Looks like a breakout to the upside is coming with a strong ramp all the way to $23
Looks like GME finally broke the long downward trend and with an insanely strong gamma ramp the sky is the limit.
Trending down in channel until bouncing off the MA200 and activating gamma ramp.
A huge push to prevent the MACD from crossing. All the previous times the MACD had a clean cross yet today the blue line turns to run parallel to the red line after a a dump of 100K borrowed shares , buying $180 puts and shorting ETF's. It is very expensive to live another day, however I don't mind, as Warren Buffett said "We don't get paid for activity, just for...
Every time the MACD crossed this year the price shot up violently, so I'm expecting the same now.
Look at the previous times when MACD crossed on the DAY chart. This is about to happen again.
Cup and handle forming nicely. At the market share offer completed at $225 average per share Bank balance increased by $1.125 Billion NFT development New CEO from Amazon started
Are we repeating the small rectangle on a larger scale?
It looks like GameStop completed the sale of 5mil shares, I'm expecting the email soon. That will give a fantastic boost to the cash reserves. I'm bullish
And so we are heading to hit max pain again, how predictable!
Nice that most of the consolidation was done overnight, saving us from a few gruelling days of sideways and downward trading. It also prevented paperhands from exiting as most of them don't have access to after hours trading.
Still following the upwards trend and with some volume this afternoon can close around 319.
With the low volume are we heading for 270 and then down to max pain?
Notice how the Friday closing prices ending at the Max Pain price. Max Pain for all investors, as they lost all the premiums paid to Market Makers, whos options expire worthlessly. Max Gain for Market Makers as they can pocket all the premiums received from options investors whos options expire worthlessly. Coincedence? I think not, however it is only my...
Notice how the Friday closing price always ended in the Max Gain (for Market Makers) price band during the last 3 weeks. Today I'm expectinng the price to close between 170 and 180, if new options doesn't move the max gain price during the day. Not advice, only my observation
After a long red month at last it looks like the tide will be turning tomorrow. No better time to buy and hold. Not advice, just my opinion, do your own DD.