It appears as though another Ascending Triangle is forming for GME, notice the series of higher lows at the upward green sloping line of support, it's interesting to see a bounce off of the old resistance of the previous Ascending Triangle in blue, inherently bullish.
There's merit for an inverted H&S pattern as well, the green human icon is the head of the pattern.
The RSI is displaying higher lows coinciding with the price action, and there's noticeably a bearish divergence that started Jan 25th, 2021. There has been a slight deviation where I've placed the blue sideways pointing finger, but their downward sloping resistance creating a series of lower highs has been pretty accurate, despite the price increase and choppy sideways price movement. The RSI has cooled off a little potentially indicating further upside action....
On the KST it's pretty neutral and I wouldn't be surprised to see a bullish cross next week where I've placed the blue finger.
There's merit for an inverted H&S pattern as well, the green human icon is the head of the pattern.
The RSI is displaying higher lows coinciding with the price action, and there's noticeably a bearish divergence that started Jan 25th, 2021. There has been a slight deviation where I've placed the blue sideways pointing finger, but their downward sloping resistance creating a series of lower highs has been pretty accurate, despite the price increase and choppy sideways price movement. The RSI has cooled off a little potentially indicating further upside action....
On the KST it's pretty neutral and I wouldn't be surprised to see a bullish cross next week where I've placed the blue finger.
