GameStopLong
GME - Oversold/Testing Support
GME oversold and testing high volume support at the $169 level from February 25th. Holding 3 times at this level in the last 5 trading days.
With the oversold condition, strong price support, chart dynamics, and high interest = GME bottoming soon.
Last bull impulse stalled out on September 1st but likely is part of a larger complex. Fibs lining up well on the resulting down impulse if this is the case, with GME testing the 0.236 fib.
BBs staying narrow and "bottom" indicator saying 'maybe'...Volume dry as a bone. Just needs a spark to catch fire...
Previous price spikes have been robust. Should be impressive!
Not financial advice.
With the oversold condition, strong price support, chart dynamics, and high interest = GME bottoming soon.
Last bull impulse stalled out on September 1st but likely is part of a larger complex. Fibs lining up well on the resulting down impulse if this is the case, with GME testing the 0.236 fib.
BBs staying narrow and "bottom" indicator saying 'maybe'...Volume dry as a bone. Just needs a spark to catch fire...
Previous price spikes have been robust. Should be impressive!
Not financial advice.
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