GME had a good run today and is up nicely in the AH, but the Moon Cycle and chart dynamics are telling me "NOT YET".
It still may break out to the upside as this stock trades wildly at times but the wave pattern indicates a near-term down turn is more likely IMO. Divergence Indicator (DI)) is over-extended also indicating a potential near term drop in price. If the price drops I don't know how far it may go, but high volume support exist at many levels. I'll guess $115.XX. Holding Pattern for now.
GME Shareholder Meeting on June 9th will coincide nicely with the start of next moon cycle which has been typically bullish for this stock.
Not financial advice.
It still may break out to the upside as this stock trades wildly at times but the wave pattern indicates a near-term down turn is more likely IMO. Divergence Indicator (DI)) is over-extended also indicating a potential near term drop in price. If the price drops I don't know how far it may go, but high volume support exist at many levels. I'll guess $115.XX. Holding Pattern for now.
GME Shareholder Meeting on June 9th will coincide nicely with the start of next moon cycle which has been typically bullish for this stock.
Not financial advice.