GameStop | Real Roller Coaster

10 thg 3, 2021

What a ride it has been so far for GME this month. It is like an actual roller coaster: from having January flashbacks with insane gains, towards a huge sell-off within minutes. GME has been haltered several times today where we experienced a 50% drop within half an hour. Since then, it recovered and hovers around the ~ $260 area. These developments are crazy, but very interesting to see. Where shorters are having a hard time as of this moment, Reddit HODLers are waiting for new highs. I personally think we will have the same effect as the one from late January. At that time, we saw a huge sell-off, followed by massive regains. We can already see the same effect happening a bit as of this moment, but I hope to see GME moving back towards the $300 range first, with eventually having a better outlook than late January’s. In the end, this stock is very, I mean very volatile at this moment. Will we see more upsides, or will GME face another cool-down period? What do you think?

10 thg 3, 2021

Ghi chú

Just a recap of GME’s TA timeline:

On January the 28th, we saw a huge sell-off, followed by massive regains. Thereafter, GME unfortunately formed an Eiffel tower effect and went all the way down towards the ~ $40 area. But then, in a sudden GME stocks were up again on the 24th of February, followed by an ascending triangle, which resulted into a massive Bullrun. Where today, we saw again massive upsides with ~ 40% + gains, followed by the sell-off, and now GME is hovering around the range of ~ $260. Looks like the Reddit HODLers are stronger than the shorters at this moment.