GME CHART ANALYSIS

8 Apr 2021

We are fighting that sloping resistance that we keep getting rejected at as you can see. Very good consolidation around the $175-$185 range. IV keeps declining every day which is great for options and bullish sediment. If we break the sloping resistance, our next target will be $197.50 range.

9 Apr 2021

Catatan

Update: As of now, we failed to break the sloping resistance. IV is continuing to drop making options more appealing. I believe we will see the phycological support of $150 as support. Any higher and that will show bullish strength.

Volume: Low
Outlook Short term: Bearish
Outlook Long Term: Neutral

I want to see more volume and fo us to make higher lows & highs. I want us to consolidate for as long as possible to reset our indicators.

Upcoming Dates: April 16 will be massive! Roaring Kitty or "DeepF*ckingValue" options contracts end on that day. If he doubles down and posts it, we can see a bullish move. Let me know if you want more updates!