Commentary

3/1/21 GME

There was a SeekingAlpha story on GME awhile back that was headlined “Charts Useless…” I commented that was a dog bites man headline, “Charts Useful…” is the man bites dog arrangement.

40 was obviously an important number after the January decline, just because of the five days it hung around there in mid January. The stock bounced from there to the 38.2 Fib line before pulling back. There is some support at 100 where it is now. It might bounce higher off of here. A drop into the pre mania congestion at 20 is my guess.

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