| Author | Source |
|---|---|
| u/MOSfriedeggs |
đđ
INTRO :
As I was doing my usual end of the week technical analysis in preparation for my weekly DD I believe Iâve finally put all the pieces of the puzzle togheter. I could have called this ââENDGAMEââ or whatever but I donât think we are there just yet.
I also want to manage peopleâs expectation as this is only my opinion and technical analysis, not financial advice or a guarantee by any mean, still I think itâs extremely telling of whatâs to come next.
When you combine this information with Criandâs latest DD and dentisttft T+35 theory the information and data iâm about to show you becomes an inevitability and a self fulfiling prophecy.
What is my theory ? đ§
I BELIEVE GME is on the verge of making another spectacular parabolic move whiping out the shorts
and in the process, bringing us into tendieland. Sit back relax and prepare yourself for take off ! đ
BUCKLE UP !
PART 1 : Technical Analysis
MACDÂ ( Moving Average Convergence Divergence )
I believe by the end of this week / beggining of next week, the MACD is gonna crossover signaling the end of a very weak downtrend. When looking at the past we can see that GMEÂ MACDÂ doesnât really like to stay solid red for more than 5 days and has been very bullish for a long time now.
Keep in mind that it is a very popular indicator used by many traders and will spark interest in people who were waiting to get in.
MACD đď¸
(RSI)Â Relative Strength Index
As you can see on the picture below, $GME always bounces of the 39 to cross 50 (neutral) and finally 70 (overbought) .
What does this mean ?
No one is selling on downtrend except a few paper hands and daytraders, so the dip are mostly artificial and weak the stock always bounces back and create a new floor for itself.
I think we will get a little dip before exploding again like we always do as you can see GME wants to
break 350$ so bad, but it is being artificially kept down.
RSI đď¸ Past vs Future
Volume
Trading volume is a measure of how much of a given financial asset has traded in a period of time.
The volume we are seeing now is very similar to the kind of volume we saw before things really started to pick up, by itself it doesnât say much but when you tie it up with the rest of indicators it paints a clearer picture.
Volume is similar to pre-january run up đ
Uptrend
âWhat happens when an unstoppable force meets an immovable object?
I guess we will find out pretty soon, but I think this resistance is about to be broken the same way it was broken back in january, as you can see below the candlestick trend is very similar to the pre-january run up.
The irresistible force paradox
FIBONACCI
is a naturally occurring pattern.
The golden ratio (1.618) describes predictable patterns on everything from atoms to huge stars in the sky. The ratio is derived from something called the Fibonacci sequence. The Fibonacci Sequence is a peculiar series of numbers from classical mathematics that has found applications in advanced mathematics, nature, statistics, computer science,
Retreacement :
Fibonacci Retracements are ratios used to identify potential reversal levels
Retracements in the 38.2%-50% range would be considered moderate.
A retreacement to .5 is B O O L I SH IMO đ
Extension
The Fibonacci extensions show how far the next price wave could move following a pullback.
As demonstrated below, even without the MOASS GME had the potential to reach an all-time high of 1.6M$ per share. (4.236 fib)
in my opinion we could definetly say that MOASS officialy starts past the 4.236 fibonnaci or 1.6M$.
As you can see once we get past 2K$ , 27K$ , 300K$ and 1.6M$ we can officialy consider we are past all reasonable and possible prices.
Donât get fooled if we reach these prices this isnât the squeeze so beware, people will most likely take profits in these area.
Even without MOASS $GME got insane upside potential based on fibs ($)
ELLIOT WAVE
This is a scenario of what our road to margin calls could look like, I drew these quickly but if you want more information you can read this excellent DD by Elliot Wave guy himself.
this information correlate perfectly with Trading Sciences TA on ELLIOT WAVE who predicted AMCâs 75$ using this technique.
JACKED !!!! đ
Elliot Wave Theory
PART 2 : Road to MOASS (Putting all the pieces togheter đ§Š)
LFG !!!! đ now that iâve explained my theory using multiple indicators and other people DD and TA , letâs put all the pieces 𧊠togheter shall we. This is my final conclusion , our road to MOASS. so if you are wondering ââWen Moonââ this is how we could do it.
As for when ????? Iâll let you know at the very end.
Once again ; WHEN we get past 2K$ , 27K$ , 300K$ and 1.6M$ we can officialy consider we are past all reasonable and possible prices. This will be MOASS.
As for margin đ ? I think itâs clear the area between 350$ and 800$ is extremly sketchy for hedgies, they will do everything in their power to keep us from going there. They never covered, and they will pay.
Putting all the pieces togheter 𧊠MOASS BABY LFG!!!
PART 3 : TLDR + Entries and price prediction
TLDR : BUY AND HODL FOR YOUR LIFE !!!!! Honestly you could just look at the picture in PART 2 to get jacked but I recommend you read everything and try to understand, this is huge and very important information.
BIG shout-out to everybody who contributed to the community in any way shape or form.
Best entry point for next week (21/25) :Â đ
197$ - GOD TIER
207$ - Really good
220$ - Decent
233$ - Buy at resistance
250+$ - If it starts to RIP
Updated price target for GME 2021 :Â đ
June : 197 - 300
July : 280 - 350+ (Epic Battle for 350$)
August : 350+ - 500 (Fight for Margin Call ZONE) đ
September / November : 400 - 800 (huge battle in margin call ZONE ) đ - âž INFINITY $ (GG REKT)