I recently seen an article about Game Stop being at its lowest level of the year so i decided to glance at the technicals. From a Technical standpoint it looks pretty good. Here are a few reasons why i think this:
1) Price is approaching a nicely unmitigated demand zone.
2) The demand zone created a great deal of imbalance
3) There is liquidity above the demand zone.
4) There is divergence playing out.
When price approaches the demand i may look for some calls depending on how momentum shifts on the lower time frams.
1) Price is approaching a nicely unmitigated demand zone.
2) The demand zone created a great deal of imbalance
3) There is liquidity above the demand zone.
4) There is divergence playing out.
When price approaches the demand i may look for some calls depending on how momentum shifts on the lower time frams.
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Price is playing out a wedge pattern and still showing divergence. Waiting for a news catalyst to set things off.
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can someone say GAMETIME!!
can someone say GAMETIME!!
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Price came back to retest the break out level. Purchased some calls at that level. Waiting for take off.
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still at play
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Looking for price to give a strong close above 15:30
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well its about time!