My Game Stop Game Plan (NYSE: GME) Cryptocurrency
That was our close all things
considered fairly bullish pretty decent pretty strong um yeah that's impressive
okay so this is our chart we've had a huge move already I've missed the whole
move I didn't trade any of this went from 60 bucks to 200. I didn't trade any
of it, I finished the day green 53 000 which is great but none of it was thanks
to this, I traded uh your type was what I traded this morning I was up 83 000 on
and then I lost 30 grand buying for the break of volume weight average price
right here and it got nailed right back down but anyways. it's okay so from 450
up to just about eight that was a good trade but back to Gamestop so Gamestop uh
it's daily levels if we switch to the daily chart so daily level on this we
have a gap from uh 158 up to 212.
that's a gap on the chart and then
from 112 we have room up to 322. from 322 we've got room up to 413 and from 413
room up to 483 that's just looking at the highs and those are the most logical
areas of potential resistance so that's what we're looking at right now um tomorrow
morning a possible squeeze up to 212 and then the question that I'll have is
can it break over 212 and start to make its way up higher 250 would be a big
psychological level if it could reclaim 250 then 275 300.
My Game Stop Game Plan (NYSE: GME) Cryptocurrency |
on the other hand the risk of this
is uh is still very significant which is that it's really going up on not a
very strong catalyst and it's always possible that uh this is a nicely listed
stock the new york stock exchange it's always possible the new york stock the exchange could um uh you know could halt uh could all trading on this
right, that's absolutely possible. I mean we could certainly see that so
I don't know that we will I kind of don't think that we will just because if
they haven't halted. it gave all this move I don't feel like they will
now but they could and if they do halt it what we've seen with stocks that get
halted by uh by the exchanges that they drop 50 percent so that would be that
would be bad that's not something that I want to see but it is a risk so
given that risk I'll have to be cautious tomorrow with how I trade it I'll look
to see whether or not you know what kind of headlines we have if we have any fresh
headlines in the morning but um I'm gonna be watching it I'll probably
be looking to trade it my thought was that I would start trading at seven a.m
tomorrow. I don't really feel like and by the way that we don't get a circuit breaker
halts after hours so there were no circuit breaker halts um after hours just
pre-market um if there's another catalyst yeah let me know what that is um so
in the new york stock exchange suspends its share so what is that to suspend
it's listing when so this was posted just after eight so let me just see
Gamestop is the battleground why would they suspend the listing so this a headline I'm confused about this one but um and thank you guys for tuning in by
the way uh those are you guys tuning in hit that thumbs up if you haven't
already yeah that I'm just not totally clear on so you copy that copy three
weeks after three weeks huh well this is um this is a very kind of uh confusing the headline there so let's see what do we have here so here we've got another
headline the last time the last it looked like it went uh right so let's see i
didn't I wasn't looking I wasn't watching but it looks like it traded to 8 p.m i
mean I see the last print it at 8 pm well at uh 7 59 but that would make sense
then 8 p.m on the on on the top it stops all right so let's see um so this is
another one so stock exchange transactions for securities at the video game
store chain Gamestop were suspended on wall street half an hour before the session closed after the bond valued more than 100 percent the stock closed
down this is so bizarre um hmm very interesting well I don't see I mean after
hours trading ended at eight I didn't I don't see that it ended early but this
is going to be really interesting to see what happens so um sometimes it seems
like they incorrectly referred to a suspension as a halt as a suspension they
say a trading suspension which is a circuit breaker halt um and that's that's
different did it halt going into the close is that what the issue
is here because suspending the listing is very different from stock getting
halted so it halted into the close right here at 91.70 and then it resumed at 4
pm after hours and dropped then it popped back up.
0 Comments