Hi Everyone,
In my previous posts, I explained that
GME
needs to remain above crucial levels to ascend, predicting a bounce between $13-$16 before earnings. Here we are, and according to my indicators, $15.44 needs to be surpassed and maintained tomorrow for a climb to $21. Currently, during Robinhood's extended scam hours, it's at $15.68, peaking at $15.78.
What happens after reaching $21?
If GameStop reports profits exceeding Wall Street's expectations, we could see a breakthrough above this significant resistance level, potentially igniting a meteoric rally to $32 and then $41. At $41—where I'd consider taking profits—some resistance is anticipated. Beyond that, $56 and $298 are the next targets. However, a surge to $21 before the market closes could see a retest of this level, with real momentum expected if it breaks during regular trading hours.
And if we gap down?
A gap down could occur if GameStop's earnings beat expectations but with unimpressive profit margins, potentially leading to a double bottom pattern before a subsequent rally in after-hours trading or the days following.
Conclusion
Get pumped! Envision this: Ryan Cohen and team doubling down post-profit, pushing the price to test $41 and ultimately reaching new highs, with potential buybacks on the horizon. As always, this is not financial or investment advice. Trade cautiously tomorrow, folks! I'll try to post an update tomorrow. If you found this insightful, please leave a like or follow. 🚀
In my previous posts, I explained that
GME
needs to remain above crucial levels to ascend, predicting a bounce between $13-$16 before earnings. Here we are, and according to my indicators, $15.44 needs to be surpassed and maintained tomorrow for a climb to $21. Currently, during Robinhood's extended scam hours, it's at $15.68, peaking at $15.78. What happens after reaching $21?
If GameStop reports profits exceeding Wall Street's expectations, we could see a breakthrough above this significant resistance level, potentially igniting a meteoric rally to $32 and then $41. At $41—where I'd consider taking profits—some resistance is anticipated. Beyond that, $56 and $298 are the next targets. However, a surge to $21 before the market closes could see a retest of this level, with real momentum expected if it breaks during regular trading hours.
And if we gap down?
A gap down could occur if GameStop's earnings beat expectations but with unimpressive profit margins, potentially leading to a double bottom pattern before a subsequent rally in after-hours trading or the days following.
Conclusion
Get pumped! Envision this: Ryan Cohen and team doubling down post-profit, pushing the price to test $41 and ultimately reaching new highs, with potential buybacks on the horizon. As always, this is not financial or investment advice. Trade cautiously tomorrow, folks! I'll try to post an update tomorrow. If you found this insightful, please leave a like or follow. 🚀
评论:
Rejected 15.44, now looking at 14.33 as support.
评论:
Coiling up to test $15.44 again.
评论:
Tested and broke above. FOLKS STAY STRAPPED IN BECAUSE THIS ROCKET SHIP IS TAKING OFF
评论:
Taking off after it completes this double bottom.
