GME is going to MOON past Uranus pt 2
Hello! I hope all well. I just wanted to share some charts I colored on to show you why I think GME is going to blow by Uranus. This is a continuation of my last post. tldr: Dip before a rip. went down to 30.38 to 34.4. a 12% increase. This is still the same analysis of the initial break out 3 months ago to track this cycle. Stonkatarious is going into the 69nd node past the Wendy's parking lot in the andromeda galaxy. This indicates that the current cycle is complete and will find the next demand/support zone. Stonkology is statistical probability of a chart going up or down based on patterns and indicators. None of this is financial advice, I'm autistic and eat crayons. Let's look at the charts!
The Blue Vertical lines are the measurement that I have for this cycle. I marked when I first posted about this run up until now. GME hit a very hard resistance and looks to be headed down to find the next solid support. There has been decreasing volume, a death cross on Stochastics, MACD is showing initial signs of a reversal and it's entering a distribution phase. Overall it looks like a dip to find the next support
For this short term, it looks like there is a head as shoulders pattern. the 8-day and 21-day moving averages had a death cross, stochastics is headed down, MACD had a death cross and negative crossover, and it's in a distribution phase. Overall it looks like its confirming the above time frame to find the next support.
I would like to share this chart as GME and this Stonk are in the same "meme stock etf basket". This stock looks to be headed to the next support (which is very low), stochastics is headed down, MACD is about to have a negative crossover, and it's in a distribution phase. Unfortunately, this company doesn't not have a very good ceo and I have seen this same algorithm before. This is the same thing that happened with towel stock B B B Y. They went bankrupt very quickly due to naked shorting. The same thing is happening with this stock and the current ceo seems to be helping. Overall, this stock looks like its going to dip hard
Another chart I would like to share is the S P Y. The overall market does have a factor in what GME does. This ETF index is in a double top, and looks to be headed down to the next support to close the gap that was created. There is a death cross on stochastics and MACD is in the negative. Overall it looks like the market is going to dip to find the next support
TLDR: Dip before RIP. HODL
update: 1/14
this analysis was correct. These 3 stocks did go on a dip to the next support