GME CAN BOUNCE FROM CURRENT PRICE FOR 50% GROWTH GME has almost broken falling channel and ready to bounce from current price in this coming weekend, long setup can be taken with 10% Stoploss as given here on the chart.
Gamestop
Pump could start again in GME!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.
The Gamestop downtrendOm Namah Shivay
The gamestop is descending in a wxy pattern and there is no sign of a move to the upside yet.
Om Namah Shivay
Silver retaces biggest gains in eight weeks above key supportsWith the market spiral full of talks over Gamestop-led fund diversion to silver weighing on risks, the white metal trims the previous day’s gains on Friday. The commodity rose the most since early December on Thursday while extending its bounce off 100-day SMA beyond 21-day SMA. The upside move also gained support from bullish MACD and upbeat RSI. Also supporting the silver buyers is the quote’s ability to keep the SMA breakout. As a result, silver is well-directed towards a falling trend line from August, around $27.60 while the monthly near $27.90 and September 2020 peak surrounding $28.90 adds to the upside filters.
On the contrary, a 21-day SMA level of $25.85 offers nearby support to the bullion before dragging it to the $25.00 threshold. However, 100-day SMA near $24.80 and an ascending support line from November 30, at $24.70 now, will become tough nuts to crack for the silver bears afterward. Overall, silver consolidates the upside momentum but the bulls can stay hopeful.
