GME is a Buy over 150, expecting explosive pop as soon as it runs back over 150 could be today or tomorrow.
I haven't used the BBand/MFI/Vortex Indicator combo in a while but it works well for GME.
-Initial/intermediate target 196 (could run into some resistance there and drop back down to support in the 130s one last time before pop to 200s so watch that level close
- Target 223 by early May, they want to take it to the sky before they ultimately drop it so it could continue past 223 to some crazy levels... but that is speculation.. the mat/chart says 223 near-term
If you want to be slightly more conservative and enter later with confirmation watch for the VI to cross green over red, but by that time it will be higher than it is right now. I like entry above 150 because that is the intraday equilibrium level where supply = demand and it has the periodicity to pop on the next time it gets over 150.
Not Financial Advice.
Bless you all
~The Alpinist
I haven't used the BBand/MFI/Vortex Indicator combo in a while but it works well for GME.
-Initial/intermediate target 196 (could run into some resistance there and drop back down to support in the 130s one last time before pop to 200s so watch that level close
- Target 223 by early May, they want to take it to the sky before they ultimately drop it so it could continue past 223 to some crazy levels... but that is speculation.. the mat/chart says 223 near-term
If you want to be slightly more conservative and enter later with confirmation watch for the VI to cross green over red, but by that time it will be higher than it is right now. I like entry above 150 because that is the intraday equilibrium level where supply = demand and it has the periodicity to pop on the next time it gets over 150.
Not Financial Advice.
Bless you all
~The Alpinist