GME 1/10/21 1D Time Frame
GME seems to be doing well with COVID-19. I see a bullish channel with the last pivot low was at the 50ema area and channel bottom support. there is a good chance that price action will mimic the last pivot low which happen to be at the area around 61.8% fib , channel support and 50ema.
MACD lines shows more bearish move and Stochastics has not yet crossed oversold level.
Wait, expect more bearish movement for the next day or so with pivot area around the 50ema for a good bullish setup.
Disclaimer
I do not know how the market will move tomorrow. All my post is not a recommendation, advise nor a suggestion and should not be used as a replacement for investment advice from a qualified licensed professional. All my post is for practice, informational and entrainment purposes only as I am not a registered investment advisor and do not offer investment advice and recommendation. You, the reader, bear full responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.
GME seems to be doing well with COVID-19. I see a bullish channel with the last pivot low was at the 50ema area and channel bottom support. there is a good chance that price action will mimic the last pivot low which happen to be at the area around 61.8% fib , channel support and 50ema.
MACD lines shows more bearish move and Stochastics has not yet crossed oversold level.
Wait, expect more bearish movement for the next day or so with pivot area around the 50ema for a good bullish setup.
Disclaimer
I do not know how the market will move tomorrow. All my post is not a recommendation, advise nor a suggestion and should not be used as a replacement for investment advice from a qualified licensed professional. All my post is for practice, informational and entrainment purposes only as I am not a registered investment advisor and do not offer investment advice and recommendation. You, the reader, bear full responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.