Author: u/gherkinit
Good Morning !
Ready for another day of charts with your favorite crayon artist? Me too!
So to day we will hopefully find out the answer to the ultimate question, What happens when GameStop breaks away from the 180 resistance well find this out and more here on reddit over on our
YouTube stream https://www.youtube.com/c/PickleFinancial
and
Discord https://discord.gg/HbqnUVsSrH
Historical Resistance/Support:
180
This Post will read from top to bottom, any images over 20 will be deleted as the day progresses.
Questions are always welcome I will reply down in the comments as often as I can
End of Day Wrap
Here are the stats
The Battle for 180 continues into tomorrow we had $10 dollars of range on our historically lowest volume day this year. 3.69 million hmm?…The sheer amount of open interest at the $200c strike means the battle for 180 is very important.
It’s a possibility we could see a gap up in post/pre-market to attempt to cross 180
Otherwise I’ll see you all tomorrow morning and have a good night.
Edit 20 3:46
1 More test?
Edit 19 3:23
Still trying to get through maybe 1 more test before close
Edit 18 2:39
New Motto “Buy the resistance and hodl”
Looking for another test after we consolidate
Edit 17 2:35
battle for 180 has commenced
Edit 16 2:21
Bullish ? No seriously we are on track to set a low volume record
Edit 15 1:42
Possible Catalyst List
Edit 14 1:37
Looks like somebody is tired of waiting
Edit 13 1:25
Bull flag looking nice we still have no volume but this could lift us comfortably over VWAP
Edit 12 1:11
Chopping on support/resistance nothing to report having some issues with uploads to reddit currently
Edit 11 12:45
Volume is super dry but looks like we are going to stay above VWAP
Edit 10 12:11
Looks like a head and shoulders we could see another test of 170-172 very low volume day.
Edit 9 11:52
Chop but we are least above VWAP looking similar to yesterday maybe one concerted effort to break 180 coming.
Edit 8 11:33
Retest VWAP we were a little overbought on the 1 min so probably just consolidating
Edit 7 11:22
Exactly as said below. This isn’t a real stock sometimes.
Edit 6 10:54
Bounced at 170 still no volume to cross VWAP. Probably another slow day incoming.
Edit 5 10:32
Small dip still looking weak sub 1mm daily volume
Edit 4 10:10
VWAP Shuffle
Edit 3 10:00
Looks like it bounced slightly lower at the 172 resistance . Testing VWAP now.
Edit 2 9:48
Low volume looking pretty weak as we drift away from VWAP. Possible bounce on 175.
Edit 1 9:34
Small dip at open I think the 175 support will stay pretty strong today. Looks like we are getting ready for the 180 test.
Pre-market Analysis
Pre-Edit 3 9:25
Pre-Market Volume low (25k) but we are sitting right back at 180 so we could push through on opening bell
Pre-Edit 2 9:00
Looks like we filled that gap in the pre-market
Pre-Edit 1 8:30
Small gap down in the premarket nothing to worry about hopefully filling it on the way up will give us some momentum to get through yesterday’s key resistance at 180.
This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.