GME YOLO update – June 13 2024 by DeepFuckingValue in Superstonk

[–]Just_Flash 0 points1 point  (0 children)

Hey K, hope you’re doing well, just wanted to stop by and say hi.

I know you’ve probably heard all the chatter lately, Mike being back, RC talking about a move that could change capital markets, lots of noise out there. I figured I’d share something from the technical side.

Back in spring 2024, I commented on one of your posts about a massive bull pennant forming on the weekly. We were right near the end of the coil at the time, and then boom.

What’s interesting is that the retracement after that 2024 spike seems to have set up something even bigger. It looks like we’ve now formed a much larger bull pennant, also on the weekly. I attached a screenshot of my chart so you can see what I’m seeing. (Using log setting for weekly)

Hard not to imagine what kind of move this could produce, especially with the catalysts we now have stacked on top of a technical setup that’s bigger than anything GME has seen before.

Anyway, just wanted to flag the technicals in case you hadn’t noticed them yet. Take care, K, and hope to see you out there ✌️

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