RizeSenpai

GME: Falling Wedge Breakout to All-Time Highs is Near

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NYSE:GME   GameStop
GME recently bounced from the lows on the lower timeframe thanks to a Bullish Gartley and a massive amount of MACD Bullish Divergence and it has since come back down to fill the gap the rise created; now that GME has filled that gap it is going for a second leg up and the RSI is entering the Bullish Control Zone, and soon it will be Bullishly breaking out a macro falling wedge pattern which if it breaks, I think could take it up to the levels of at least $120-$135
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It looks like GME is setting up for what could be a 4th Rising Valley; the typical pattern only has 3 Rising Valleys, but this one seems to be setting up for even more accumulation than what is typically expected by giving us a 4th. We recently came back down to test the 55 and 89 Day EMAs and the 100-Day SMA and then after two days of testing these moving averages we Bullishly Engulfed.

From the looks of it, we will soon see GME confirm a 4th higher low in a row and go for an even higher valley.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.