GME: T+69 is Back! Huge Upside!
Güncellendi
Hello everyone,
Welcome back to yet another technical analysis. T+69 has only failed once and that was Friday, Jan 7th, 2022 and all the other times it was successful. Although I considered it a failure, we still saw huge volatility that day with a high of $40.08 ($160.32 pre-split) and a low of $33.13 ($132.48 pre-split). This cycle, historically, has been the most accurate and it looks like we're heading into another 69 baby! Are we going to see similar events to Jan 7th or are we going to see a huge upside the week of Oct 10th - 14th?
Let's take a trip down memory lane and look at the last T+69s:
After the events that unfolded on June 8th, 2021,
Analysis
On the daily, it looks like we're heading into a death cross. The question is will this be another successful one or are we going to test it? Tiny gap to fill at around $25.42 and if we happen to fall we should see us filling another gap at $22.44 (visible on the hourly) and another fall below results in us touching a potential double bottom at $19.50. If successful, should we break the above resistance, we should see filling the gap at $37.30 and $40.27 and the off chance finally closing the gap that was left at $73.
As always, not financial or sexual advice. I eat crayons for breakfast and can't read.
Welcome back to yet another technical analysis. T+69 has only failed once and that was Friday, Jan 7th, 2022 and all the other times it was successful. Although I considered it a failure, we still saw huge volatility that day with a high of $40.08 ($160.32 pre-split) and a low of $33.13 ($132.48 pre-split). This cycle, historically, has been the most accurate and it looks like we're heading into another 69 baby! Are we going to see similar events to Jan 7th or are we going to see a huge upside the week of Oct 10th - 14th?
Let's take a trip down memory lane and look at the last T+69s:
After the events that unfolded on June 8th, 2021,
- Friday, Aug 19th-Aug 24th 2021: +50.55%
- Friday, Oct 29th - Nov 3rd 2021: +43.65%
- Friday, Jan 7th, 2022: (Depending on how you look at it) -17.35%
- Thurs, Mar 17th, 2022: (The week of RC and friends buy-in) +157.04%
- Weds, May 25th - May 26th, 2022: +71.23%
- Tues, Aug 2nd - Aug 8th, 2022: +49.22%
- Mon, Oct 10th - Oct 11th, 2022: ???
Analysis
On the daily, it looks like we're heading into a death cross. The question is will this be another successful one or are we going to test it? Tiny gap to fill at around $25.42 and if we happen to fall we should see us filling another gap at $22.44 (visible on the hourly) and another fall below results in us touching a potential double bottom at $19.50. If successful, should we break the above resistance, we should see filling the gap at $37.30 and $40.27 and the off chance finally closing the gap that was left at $73.
As always, not financial or sexual advice. I eat crayons for breakfast and can't read.
Not
Strong morning as we were up 4.19% then we got pushed down. Thinking this isn't over yet, gap to fill at 27.49. We've also been making a strong support line at 24.86 and 25.23. Keeping my eye out for the market close today and tomorrow as well.Not
Patience... previous T+69s didn't pop off on the day it was supposed to as it took some time to explode. At times it was 2-5 days later.
İlgili yayınlar
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.