The two red lines are parallel.
Intriguing, especially considering where we are right now price-wise. The price has to go down tomorrow to continue the downward trend. If not, we're in a new upward breakout.
Oh, and stop eating fish.
Intriguing, especially considering where we are right now price-wise. The price has to go down tomorrow to continue the downward trend. If not, we're in a new upward breakout.
Oh, and stop eating fish.
Catatan
I pushed the top line of th parallel channel up to the tops of the red wicks to get as conservative a view of the trend as I can. Today's close didn't quite fully break out of that channel, but landed right on the top, just about.
I still see this as a very good sign, but not determinant of anything, for sure.
Beta is still completely irrational and insane, so if you're into beta arbitrage it's worth a look. I'm not the guy to ask about the finer details of it, but this is looking increasingly like a solid time to get into this thing if you weren't convinced by the rest of the details surrounding the float and short interest.
A buying opportunity may not get this good again, but with GME you just never know what's going to happen.
diamonds, hands, apes, bananas, rockets
:)
Catatan
Howbowdah?
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