Intro:

Well im back for another TA/algo analysis update! yesterdays bullish prediction was wrong but my bearish prediction was spot on so that put us 5/5 on TA. to anyone who was doubting my ability to chart or that TA is useless, the pictures above and my post from yesterday(and multiple days before) will tell you other wise

this is also why i predict a bullish and a bearish movement so im never caught off guard. i was as well criticized for that too… not by most but by a few. i hope now i have some sort of credibility when it comes to TA.

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what did we see today?

this time i will go step by step and have added pictures of times price tested significant zones i have called out.

we saw almost exactly what i predicted yesterday for my bearish take. although it was my least likely scenario, it was a scenario i saw happening if we had a bearish move for the day.

we started w a little clim before market open followed by a drop to retest the golden zone [GZ](seen in picture 3). we rebound off of that and head back to test the flag/channels resistance.(seen in picture 3 ) after that we go back down and start to break down the GZ and the flag support… i said if that happened we would go back down to my first ascending triangles resistance(seen in picture 1&3) and thats exactly where we bounced from. this is why TA IS important IF you can chart correctly. you will be able to recognize these significant levels and know where you will rebound and drop or move up.

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so now what?

tomorrow is friday… we all know what they love to do to our beloved stock on fridays… but of course i will be giving a bullish take and a bearish take. and i still believe in T 35 until that 35th day (which falls on saturday so is pushed to monday).

so for my bullish take

i believe if we pick up on volume we could really break all those levels back up and head to where we sat before market open today($28). ofc we would see a decent amount of resistance at those zones that have been specified in my previous posts(flag and GZ) but with volume and momentum we can break through. if t 35 is really going to take this stock to the moon i believe we will se a slow grind up to start the day, followed by a big push at the end of day and possibly into after hours. could put us above that $28 level. if we break the GZ we will head to 31.50 before more resistance and would probably come back down to test that GZ resistance as support at some point.

for the bearish take

i believe if we are going to have another bearish day it will not be as intense as today unless we REALLY break that ascending triangle resistance downwards.

what i would see panning out is we’d rise up to the flags old support to retest it, possibly break it upwards to retest the GZ support. if we’re talking a bearish day we’d come back down after rejecting those levels and chop around at the 25.80 level(A.T.R) for a bit before deciding where we wanna go next. i do not see us breaking lower than that as of now but who knows maybe ill actually be wrong this time. only time will tell.

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conclusion/TLDR;

if youve been following my TA for the past few days, you know ive been on a hot streak and been putting the TA/algo analysis haters in their place. just bc you dont know how to chart/call predictions doesnt mean everyone is going to be bad at it. for my bullish take im looking to break back above the flag channels support and GZ support to head back up to $28.80. if we break that then im looking for $31.50. my bearish take would be break those same levels only as a retest to see if they’ll act as resistance, and then head back to 25.80.

thank you for all the support to those who have had encouraging words and have followed me! ill try and keep the streak goin!! GME