Here we go again...GME ready to go?
Time ago I posted something about GME SMA200. The pattern was avoided by manipulating the price upper, let me explain that better:
As you can see on 6th february 2025 GME price avoided the touch of daily SMA200
Let me explain (again) why I think that we are near again to another sneeze, probably this week
GME retested only twice daily SMA200 in a bullish environment: in 2020 pre sneeze (approximately +15000%) and in may 2024 (approximately +600%).
What I think that happen now?
I think that tomorrow GME price needs to retest 24.99 daily SMA200 (that probably is in an higher lvl, np), and after that can go higher (probably 55 or more, but at least 55 imo)
- ADX+DI are bullish but with low power (a retracement to SMA200 is possible)
- RSI is bullish, and that's ok
- CCI is bullish, bul likes to dance tomorrow ;)
DARK POOLS:
As you can see in this aftermarket, a HUGE bullish order arrived inside, but dark pools orders CANNOT affect market, only psychology.
Tomorrow focus on bullish order in lit exchanges instead of dark pools and you'll notice how much times orders will be routed into that until daily SMA200 touch (and a probable Roaring Kitty return, nfa)
BORROW RATES:
All people are focusing on how much fees increases/decreases but only fews focus into rebate rates.
For what I noticed, when rebates are under 4% hedgies are in trouble (not big difficulties, just troubles), and when rebates are negative price can literally spike up!
Borrow fees in may 2024 (that's why I don't care so much about increase decreases of that):
SOURCES:
-Dark pools: https://redstripedtie.com/_/gme
-Borrow rates/fees: https://chartexchange.com/symbol/nyse-gme/borrow-fee/
TLDR: If tomorrow GME touch daily SMA200 (now at 24.99, but probably is higher tomorrow) GME price spike up again, nfa
As for me, I like the stock
Cheers ;)