Jerkin’ it with Gherkinit S2 E5 Live Charting for 6/2/21

Discussion 🦍

Good Morning Superstonk,

Ready for another fun day of smashing crayons up in your milk?

I am

Pretty excited today it looks like GameStop might be the only meme stock worth shorting. But since everything else is up I’m sure we will be too eventually if we can tack another 10% on today that could leave us nicely above 277 by EOD. But given the action in the market elsewhere I feel like we could even larger gains than that. Either way another wild ride.

If you guys haven’t had a chance to check out my forward looking TA for this week it’s here.

Check out the daily livestream @ https://www.youtube.com/c/PickleFinancial

Or listen along with our live audio feed on Discord

(save these links in case reddit goes down)

Historical Resistance/Support:

116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 252.5, 260, 275, 300, 302.50, moon base…

This Post will read from top to bottom, any images over 20 will be deleted as the day progresses.

After-market Pickle Time!

Great day up $33.34 cents looks like they are covering ever short position on the market today except GME I expect to see a lot more insane days today and more of those volatility upside breakouts as the week continues. It’s a slow squeeze but it looks like it is beginning. Thank you for all tuning in today, so sorry about the Discord and Reddit breakdowns there were some server? issues. See you all bright and early tomorrow!

Thank you!

• Gherkinit

Edit 13 3:48

Completion of the head and shoulders trend back to 278ish possible bounce on 280 looks like we could close in this range

Edit 12 2:33

Small Bull flag Forming after failed break above 280 power hour could be wild not that the rest of the day hasn’t been

Edit 11 1:22

Short attempt/ Dip buy

Edit 10 1:04

Hmmm…Rehypothecating the YTD chart on the daily now.

Edit 9 12:37

pENNIES FROM A HALT BULL TRAP !!

Edit 8 12:28

mmmm….long johnsons

Edit 7 12:21

Moving up to retest 260

Edit 6 11:54

Waiting for a confirm on this 260 breakout before my post and it looks like we are retesting if we can move up and test 265 I’ll consider 260 as new support

Edit 5 11:08

Broke back through and above VWAP, it looks like every short position in the market besides GME is getting covered.

Edit 4 10:50

Heading back to 242.50, VWAP test failed then a failed test at 250

Edit 3 10:20

Bounced slightly above the intraday low. If we cross VWAP we will test 260 again.

Edit 2 10:04

H&S formed on the 1m could see that dip below VWAP 80% chance

Edit 1 10:00

Sorry for the late update was talking nonsense got distracted failed a test of 260 looking for a bounce on VWAP and possible retest

Pre-Market Analysis

580k Shares Borrowed, currently at 287k volume. We haven’t spiked as hard as some other stocks in the AM but our volume looks good so far and we are maintaining that support at 252.5. I expect we will fill the remained of that downtrend from last Friday. Possible testing 260 then 270 at open. Remember they have already borrowed some shares and there are a little over 1M left to borrow so they could easily use those to try to drive interest down at open

Here is our 4h pattern

*This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.

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