I still believe in a bullish bias for GME (Technical Analysis)
Some of you all might be disappointed that we didn’t have a crazy bull day like yesterday. Take a step back and look at the hourly time frame. GME had a huge 50+% day yesterday and dropped only <2% today. This is just healthy consolidation on LOW Daily volume.
This is what bulls want. RSI has cooled down on hourly. It’s holding moving average supports and I’m thinking it will go back and retest today’s highs next week. You want this to stair-step up when we don’t have low volume and when big money steps in (notice how much room CMF has to curl up), then that’s the big 20, 30, 40+% days.
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March 26, 2021 at 02:36PM