| Author | Source |
|---|---|
| u/gherkinit |
Good morning !
Well a lovely pre-market market test of 180 to kick off my predictions for the day.
We should see a pretty significant amount of buy pressure roll in today through Friday as MMs begin covering the naked shorts from last week based on their t+2/6 requirements :)
I’ll leave this here for the haters
from yesterday’s closing message
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(this post will read from top to bottom)
(feel free to ask me questions below, but if you can google it yourself please use common sense)
Historical Resistance/Support:
116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (previous ATM offering), 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, 225.20 (new ATM offering) 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base…
After Market
Lovely close up 11.06% on this very bullish day. I’ll see you all tomorrow bright and early for more #hotbullmayo action. Thank you and good night…
Edit 9 2:18
More bulls! Testing 185 again, 190?
Edit 8 1:59
Bounced on VWAP after a significant short attempt now consolidating on an uptrend. Hopefully we see some more volume come in
Edit 7 12:22
Maybe it’s bullish momentum, maybe it’s a head and shoulders
Edit 6 12:01
Found some mayo bullish
Edit 5 11:48
Still fighting to hold just hit 1m volume. The real battle going on on the options chain
Edit 4 11:28
Edit 3 11:20
Testing 180 now…I bought 5 more #buytheresistance. Once more into the fray my friend!
Edit 2 10:45
Still low volume under 600k trending up however with the SPY. If we continue this trend we should see a test of 180 before 12:05
Edit 1 9:45
Slow open just getting dragged by the market. We filled that small gap at ~173 probably head up on some volume now
Pre-Market Analysis
Looking ready for take off this morning we had an immeadiate test of 180 right at pre-market open. I expect we will have an additional test or cross-over before opening bell. Volume still low currently around 20k with 35k shares to borrow. It’s time for Market Makers to begin covering some of their gamma exposure from last week. They have t+2 from the close of GME options contracts and t+6 from ETFs that were used to short. I expect volatility today with large surges to the upside.
Pre-Market GME
Here is where we are on the weekly formation after 180 the next major resistance is at 225.20
I will be checking CV_VWAP again today as the large price jump this morning may have triggered it and let you guys know after market opens.
Disclaimer
** 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.*
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