grenadetrade

$GME chart view 020421

NYSE:GME   GameStop
Looking again at the 30 minute chart of $GME, after a lackluster session... while the RSI appears to be slowly bottoming out, i would like to see it get much higher and gain momentum in the next few sessions, near or above 70. I would like to see the VI lines cross and stay above the moving average. My best speculation at this point is that 65-75 may serve as a consolidation levels, where we will either see accumulation with higher volume, or see it break below 65 and continue to have volume, RSI and VI go south. I think in a trade like this, volume and momentum is key as any other data point or fundamentals is out the window. As before, watch for entry points and don't chase, save your ammo and be sure to set limits and stops on this one. Good luck.

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