If we bounce from $20.20 (gap needs to be cleared) I would expect a move back to current highs - $64.83.
Once the current high is taken out at $64.83, I would expect a move to my wave 3 target.
It's all doable but will take patience and large amount of buying from retail investors from ITM calls options to send this rocket!
Hindsight is a wonderful thing, so time will tell.
Wave 3 target = $432
Wave 4 target = $65.60
Wave 5 target = $2852
Once the current high is taken out at $64.83, I would expect a move to my wave 3 target.
It's all doable but will take patience and large amount of buying from retail investors from ITM calls options to send this rocket!
Hindsight is a wonderful thing, so time will tell.
Wave 3 target = $432
Wave 4 target = $65.60
Wave 5 target = $2852
Trade active:
Hit support perfectly and now appears to be in it's next move upwards.
Options volume for $20 and $100 call strike for June 21 appears to be where open interest lies.
Options volume for $20 and $100 call strike for June 21 appears to be where open interest lies.
Trade active:
Plenty of call buying for $20 strike for June 21 in blocks of 5000 contracts every 15 minutes towards end of day for the last two trading days. Something is heating up and someone always knows. unusualwhales.com/stock/GME/overview
Comment:
My LIS (Line in the Sand) is $17.50 for $GME. This would complete the gap fill. I have strong conviction this will turn around next week.