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$GME Unfortunately failed the back test as discussed in the video.
Shorter term bearish, very bullish again with a break and hold back above the Hourly and Daily Triggers.
There’s Options Flow, and then there’s Institutional Level Options Data.
MSW is blessed to have @naked_delta giving nightly options report on $GME and many other tickers, so we can be prepared for any big moves forming.
Make sure to check out this bullish thread on $GME below, and follow him for more alpha 💪🏽
What a great way to close the week for $GME!
Strong upside acceleration after breaking above the Daily Trigger, sent the GIF last night as a cheeky warning of what was coming today.
Things look they're about to pick up big time in the shorted names, and we can see lots of opportunity across the market here over the coming weeks/months.
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Going to buckle down there and will be less active on Twitter going forward
- Don't expect it to happen all at once. Would be very surprised if $GME doesn't see some wild swings up and down along the way
- Don't overleverage on shorter dated calls and get burned, trade with a plan and a system if trading options
- None of this is financial advice, I'm simply sharing my opinion that this is $GME's best shot at a meltup since 2021.
If you'd like to follow along on your own, you can sign up for a free month on Platinum on https://t.co/ypAwyGK15M and use coupon code PLATINUMFREEMONTH
$GME gap up this morning, and now right at the Hourly/Monthly Triggers.
Will be resistance here, but a break above would be a great start towards getting the shorter timeframes bullish again.
The Daily Trigger is not out of sight at all here, far from it.
$GME is coming off a downside move that had some very strong negative hourly strength, so it's very unlikely to just run through it to the upside. Favored scenario is pinning here for a while followed by either rejection or breakout.
Strong move, bulls stepped in exactly when they had to. Crazy to think that the Daily Trigger is less than a dollar away. A break and hold above that level, followed by the Hourly Trigger crossing bullishly above the Daily Trigger, is what I assume will start the meltup.
$GME sold further today after breaching its Weekly Trigger Support.
$GME now has about 15-20 days to get back above the Daily Trigger before the Daily Trigger crosses below the WT/MT, and the meltup is alive and well.
Interesting how it coincides pretty well with earnings coming up.