GME printing some bullish reversal patterns including a double bottom / sort-of cup n handle / bull flag at the top of a macro descending wedge after bouncing off the 50% fib on the last retrace. I don't put much weight on diagonal trend lines, so I would probably wait for a confirmed break & hold above that prev resistance level before entering.
This idea is all-technicals, I have no alpha and have done zero research on what fundamentals might support this potential trend reversal here, but given that GME is the poster-child "Meme stock," maybe I don't need to...
I rarely post a low-conviction / high risk / early setup like this, but what can I say? I LIKE THE STOCK.
trade at your own risk,
CD
This idea is all-technicals, I have no alpha and have done zero research on what fundamentals might support this potential trend reversal here, but given that GME is the poster-child "Meme stock," maybe I don't need to...
I rarely post a low-conviction / high risk / early setup like this, but what can I say? I LIKE THE STOCK.
trade at your own risk,
CD
トレード稼働中
GME is once again attempted to break above this level it previously failed to close above after I posted this idea. A key development since then - Michael Burry himself has added to his GME position! Let's see what happens.
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