| Author | Source |
|---|---|
| u/MOSfriedeggs |
watup apes 🍌🦍 , I know last week was a boring week for the price action but as always a ton of development occured. I want to thank everyone in this community who’s doing their fair share. Memes, DD, TA , Shitpost we’re all contributing one way or the other. 🍌🦍
Edit : deleted link to other sub
PART 1 : Update ( GME 🚀 VS AMC 🍿) ☕
Direct link to my previous post : https://www.reddit.com/r/Superstonk/comments/o5bdhr/gme_possible_500_move_very_soon_gme_vs_amc/
This is an update of this post I made last week ;
Long story short me and other people namely Elliot Wave guy theorized that GME and AMC were following very similar patterns ever since January. The one that interest us the most is the recent cup and handle breakout by AMC, I would love to see the same thing play out on GME. As you will see on the pictures below we are only a few days away from this possible break out, if things play out like they did with AMC we could be looking at a potential 800% move up.
FYI : There is 37,734 OPEN INT CALL OPTIONS FOR JULY 16 on the 800$ strike. 🤔🤔🤔🤔🤔🤔
CRAZY 🚀
Nota Bene : in my previous post I gave precise dates and I now realize.. that it’s frowned upon so I won’t do it anymore.
American entrepreneur William J. O’Neil defined the cup and handle (C&H) pattern in his 1988 classic, “How to Make Money in Stocks,”
GME cup and handle possible breakout 🚀
GME 🚀 vs Sticky floor company head to head comparison
Be on the lookout for a breakout on the handle part of the cup, this would create massive amount of FOMO.
WHY you may ask ?
Retards on WSB have also figured it out, as i’m writing a similar analysis is sitting on the front page of WSB.
B O O L I S H 🚀 ☕
Part 2 : Technical Analysis
MACD (Prediction vs Reality) ✔️
As predicted, the downtrend is getting weaker on the MACD, very boolish.
Soon as this baby turns green and crossover we’re heading for our breakout. 🚀
Last week prediction vs what happened
RSI ✔️
As you can see below if we compare the strenght on the RSI and past price action we can see the zone we’re in at the moment signify that pressure is building up leading to another take off from our rocket.
With just a little bit more consolidation and fuel for our rocket we should be ready to go up again 💥
. ignition sequence start …
AGAIN ; BOOLISH 🚀
Pressure is building up baby🚀🚀🚀
EMA (exponential moving average) 20 / 50 / 100 / 200 ✔️
The exponential moving average (EMA) is a technical chart indicator that tracks the price of an investment over time and that gives more weighting or importance to recent price data.
As you can see below everything looks really good on the weekly timeframe no weird crossover or anything, very satisfying to look at,
On the daily timeframe we got under the 20 to worry about really as the last time that happened we only consolidated for a bit and bounced back from the 50, see for yourself on the second image.
My verdict ; B O O L I SHHH 🚀 🍌🦍
WEEKLY EMA ; looking hella good :D
DAILY ; looking good aswell, potential bounce off the 50 EMA (yellow line)
DAILY ; looking good aswell, potential bounce off the 50 EMA (yellow line)
Fibonacci ✔️
In the near future those the prices you have to look out for, I expect some kind of fight at every one of those price point. Once we reclaim the 260/277$ HO IT’S ON BABY 🦍
ON THE SECOND FRAME YOU WILL SEE THAT TO CONSIDER WE HAVE CONFIRMED OUR BULLISH BREAKOUT WE NEED TO OPEN AND CLOSE SOMEWHERE AROUND 243 - 260 $. From there you might see crazy FOMO KICKING AND and indicators going haywire.
Prices to look for IN the upcoming future !!
Prices to look for IN the upcoming future !!
fibs to look for in a possible breakout
fibs to look for in a possible breakout
Uptrend (updated) ✔️
“What happens when an unstoppable force meets an immovable object?
the clash of the century, the unbreakable 350$ WALL ! Or is it realy unbreakable ????
🦍 OOK OOK
HO brother… 😎
The Gameplan is still the same baby nothing changed 😎
PART 3 : TLDR + Entries and price predictionLast week was boring but I expect a bit more action this week , nothing too crazy but I’d love to see up break past 250$ for many reasons. Again Buy and HODL 🚀 is the best strategy, but it’s always interesting to dive in a bit deeper IMO. Below you will find the best prices to buy at this week and my predictions for the near future.
Best entry point for next week (28/2) : 🚀
177$ - YOU WISH
197$ - GOD TIER
207$ - Really good
224$ - Decent/ OK
245$ - MFW if we move past this price 😎
250+$ - I buy at every price but this isn’t as optimal obviously
Updated price target for GME 2021 : 🚀
June : 197 - 300 ✔️
July : 210 - 350+ (Epic Battle for 350$)
August : (Fight for Margin Call ZONE) 📞
September / November : (huge battle in margin call ZONE ) 📞 - ♾ INFINITY $ (GG REKT)
