we traded sideways for months in nomans land after a huge X100 move, you see it as resistance I see it as the support that is building up, you should be buying not selling here
TranceaddicT66
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No.
We are halfway through the 3-month cycle.
See that 04-19 green candle? That's where we are today.
GME is trading below the 20, 50 and 100-day moving averages. Each time it has it has risen higher.
You missed the cup and handle formation and the bullishness there.
Lastly, it is interesting that you had to go to the weekly chart use the logarithmic scale to make this narrative work.
UnknownUnicorn1837465
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@TranceaddicT66 you should be using log chart always… that was never a cup and handle… we are about to begin wave 3, take the warning. Likely over $200 today $300 Friday
TranceaddicT66
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@SmallWeewee,
Yes, I know all this.
You should re-read what I said as A RESPONSE TO THE CHART ABOVE.
No, log charts are only good for identifying exponential increases and visualizing strong SR levels. This hack is using it (and the weekly timeframe) to distort distort and disguise what is actually happening.
Note, I hold GME & AMC. (Waiting to reach buy-in levels on BB.)