GME appears to be ready to sell in June

GME on the 4H chart appears to have topped out at the end of May after a decent rise of

30% after the May 2nd bottom. At present, the Hull Suite trend indicator is signaling a

reversal while the MACD zer0 lag indicator shows the lines have crossed under the horizontal

zero and the histogram has turned red. The RSI Indicator is showing a bearish divergence with

strength decreasing from 80 to 60. I see this as a short setup and will take a position of

put options with some long stock shares as risk management and hedging strategy. My target is

a 50% retracement of May's move up and a stop loss above the swing high. GME is still above

the POC line of the volume profile. Once it drops to that value, I expect bearish momentum

acceleration. Earnings are coming. If in profit before earnings, I will take off half the position

for the earnings and then expect GME to rise and stop out the remaining position or drop

quite a bit more.