Our mission is to help you obtain financial freedom. Checkout Our Youtube Channel Checkout Our Youtube Channel
Blog

GME Continues to Climb Higher

GME had a pretty bullish day yesterday, and is continuing to show strength today. There is a lot of hype over the next few weeks with several key narratives to consider. The first is that if RoaringKitty exercises his GME options then he would force a short squeeze since there aren’t enough GME shares available in the open market. The second is the June 11 earnings date, in which GME could announce some bullish guidance after raising nearly $1 billion recently. The third is that RoaringKitty hasn’t shown done a live stream yet. If he makes a video there could be a massive spike in GME’s price. Both of the recent spikes were caused by RoaringKitty’s tweets, and both resulted in a pump and dump. So there could be a third pump and dump with a video appearance. These are the three bullish narratives driving the GME short squeeze and meme stock rally. We still need to consider that institutions will play dirty by halting trading, threatening to remove RoaringKitty, and the SEC investigating his options activity.

ChartChamp socials: https://linktr.ee/realchartchamp

0 Comments
Inline Feedbacks
View all comments

More ClearValue Insights

Default Thumbnail

QQQ Has Rebounded Around $502.60

QQQ continues trading within this range, and has rebounded from the lower end of this range around $502.60. I have $510.31 and $513.40 as my resistance levels ahead, QQQ has struggled to climb above the yellow trendline since Nov. 15.

Read More
Default Thumbnail

SPY Trading Near $601 Resistance

SPY continues to trade near resistance around $601, and has already formed numerous rejections this week. SPY is currently trading above the yellow resistance line, and I would monitor to see if the price remains above $600.83. So far SPY is looking bullish and could trade above $600 for the day.

Read More
Default Thumbnail

RGTI Hit $3.47 Resistance

RGTI has reached my resistance target at $3.47, and there has already been some selling at this price level. I would be cautious of a selloff here, I think RGTI likely has a pullback in the short term.

Read More