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TECHNICALS:
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Monthly complete chart from beginning shows the OB and the modern reaction to the old one support
In the monthly chart you can see that the support, in that case called OB (Order Block because it's positive) reacted to create huge reaction (was upper that 500$ a stock but later was diluited by 1/4 of that value; this is why the all-time high is close to 120).
The montly levels was closed, in particular 75% reacted many times...price wanted to rebalance at 50% in the past but failed and now is in search again, but the better value available is 62.5% that is upper than now (located at 31.10).
In 4h chart, in particular 13/05/2024 10:00 (utc 2) the price create a pre-market imbalance that was filled in 13days and 16 hours due to buying force. This is the movement that the citadel motherfuckers used to screw people.
You can see a new imbalance found in pre-market 3/06/2024 at 10:00 (utc 2) that MAYBE was not close, but you need to see 15m chart and some indicator to understand better.
15m chart cleaned with OB and imbalance
As you can see in the 15m chart the price created an OB in 15/05/2024 at 10:00 (utc 2) that was closed [after price touches the upper part of the imbalance 4/06/2024 at 15:30 (utc 2)] in 10 days and 2h to rebalance and "close" the imbalance.
If the price touches the imbalance and goes around it for a long time without touching it, given the amount of volumes, the price can close the imbalance early, but if it were closed the price would certainly have a greater boost.
To try to understand if the imbalance is closed in this case we need to work with indicators and fundamental analysis (even though it is probably already closed by eye).
Momentum and %R trend exaustion indicator
If you look the momentum indicator is near-positive (-0.58) and the %R is oversold, that it's a strong buy signal.
Aroon tried to increase but was stopped by the end of post-market algo, before posting a positive move.
If you are a fan of Elder's teachings you can understand this image and "may the force be with you".
Tick data (works only in normal trading hours)
Imbalance maybe it's covered due to bank price bands
All parameters are positive.
For me the imbalance is covered but I don't know.
I expect to see a huge boost on Monday, also thanks to the fact that roaring kitty acts as a fundamental shield.
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FUNDAMENTALS:
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P.S: His live broadcast went badly because they were spying on him from CNBC and he couldn't say anything because they would have prepared in advance.
Be careful of HALTS!
They stop the market temporarily to scare people and force them to sell... it's a strategy of the NYSE and Citadel, they say they use it to limit volatility, while in reality they use it to not lose money and make us lose it!
More information about borrow fees: https://chartexchange.com/symbol/nyse-gme/borrow-fee/
More information about HALTS: https://www.nasdaqtrader.com/trader.aspx?id=TradeHalts#
HALTS ticker meaning: https://www.nasdaqtrader.com/Trader.aspx?id=TradeHaltCodes
Please fix this post...i made it in 40m
As for me, I like the stock #GME
NFA, CITADEL FUCK YOU!
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