GME short term bearish // mid + long term BULLISH ððð [HODL]
TECHNICALS
- Currently consolidating similarly to what happened beginning of March (which then saw a nice move to the upside) - could be considered a fractal pattern.
- Volume falling, meaning potential reversal incoming.
- Stochastic + MACD indicators showing BEARISH on 1hr chart, but soon to be oversold/reverse.
SUPPORT LEVELS
- 176
- 157 (lowest level I expect it to go down to)
- 116
- 85
FUNDAMENTALS
- Quadruple witching on Friday 19th MAR
- Earnings report on Tuesday 23rd MAR
NOTES
It needs some rocket fuel because right now volume is stagnant in general, hence the bearish movement. But I think fundamentals will give it that boost it needs - I will be hodling regardless.
Would like to see us touch a 1st major milestone of $508+ by early April, though not worried if it doesn't as this has long term prospect with the likes of Ryan Cohen at the helm.
Have been holding since mid January, and will continue to do so.