| Author | Source |
|---|---|
| u/gherkinit |
Good Morning Superstonk!
A lot of stuff went down last week a possible* ATM offering of 5M shares, new chairman and CEO/CFO announcements, and I lost a bet.
I’m looking to see if we move up into that previous exponential growth channel or we form a new one today. I will also be paying pretty close attention to the bond market and SPY this week as those are looking pretty unstable.
If you guys haven’t had a chance to Check out this weeks forward looking TA
Check out the daily livestream @Â 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, 232.5, 235, 242.5, 250, 255, 262.5, 275, 285, 300, 302.50, 310, 317.50, 325, 332.5, 345, 350, moon base…
After Market
Well that was a weird day decent volume traded but basically no indication that they were still in the process of selling shares at least on the indicators possible that larger investors are waiting to make a move after the ATM announcement. I guess we’ll see what happens tomorrow maybe more sideways.
Also did the SPY just do a short squeeze? I didn’t see this on this weekends list of WSBs pump and dumps…
Edit 5 3:04
Flat still
Edit 4 1:10
Still chopping on VWAP I wish I had more to say about this but the volume seems tied up elsewhere today
Edit 3 11:19
Small breakout testing VWAP volume is still crap but maybe it will pick up later today. Bigger buyers will most likely wait for the ATM announcement before making any moves.
Edit 2 10:26
Volume very low, we had a breakout from that wedge after the dip but it looks like that triangle from Friday is gonna fail
Edit 1 9:38
Classic GME short-breakout
Pre-Market Analysis
We might be opening the day on a breakout of this ascending triangle which could be a nice start to my expected climb for today. Pre-market volume still low at 83k while I write this. 1.2M shares available to borrow between Fidelity and Iborrow. No notable arbitrage.
** Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze.*
*My YouTube channel is “monetized” if that is something you are uncomfortable with, I understand, while I wouldn’t say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled. My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.
*This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.
 No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* Learn more