According to the previous swings cycle, we can observe that the pump could start again in GME.
GME stock price had broken the longer duration uptrend line and the confirmation for the downfall will be after breaking the demand zone to the downside. The demand zone being 25 USD deep and the results due may be a game to be observed.
For the bullishness, the stock must cross the 195 price mark and sustain above it. However, until 195 we could see a bounce from the demand zone. Stoploss according to the swings will be too high. For example, from the top of the demand zone to the bottom of it will be 18%.
So trade with absolute caution.
This is not investment advice. Please consult your financial adviser before investing. Thank you.
GME stock price had broken the longer duration uptrend line and the confirmation for the downfall will be after breaking the demand zone to the downside. The demand zone being 25 USD deep and the results due may be a game to be observed.
For the bullishness, the stock must cross the 195 price mark and sustain above it. However, until 195 we could see a bounce from the demand zone. Stoploss according to the swings will be too high. For example, from the top of the demand zone to the bottom of it will be 18%.
So trade with absolute caution.
This is not investment advice. Please consult your financial adviser before investing. Thank you.
Trade active:
Going to test the trendline. Rose by 28% near demand zone.