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Sometimes you forget to zoom out and look at GME from a logarithmic perspective. Log charts should be used for wider price ranges (more volatile stocks like GME) when looked at from a longer term perspective. In this case, I am looking at GME from 2020 to current. PATTERN DEFINITION For definition of the support and resistance lines of the triangle consolidation pattern, I used candle bodies since I’m using a weekly chart. This makes more sense to me because weekly candle bodies have more time to properly define trading ranges. Using wicks makes less sense to me for GME due to its extremely volatile price action. The support line makes a lot of sense to me, GME’s story really started March 2020 when the market reached its lows for the COVID crash. This started the reversal in GME long term trend. What’s strange is that after such a strong move up, GME never made its 3rd alternating touch point to start defining the range until almost FOUR years later. This touch point was also marked by RK’s return on May 2024, which also gave us our 4th alternating touch point, but that move was way too volatile to give us a clear definition of the upper range. So we got a clear definition for our support, and an idea of where our resistance should be. During Nov 2024 to Jan 2025, after GME saw a significant rally up (after RC’s “Yolo” tweet), there was a period of consolidation where we bounced around and ultimately broke back down into the wedge. This period gave us good definition for the resistance line to use. This resistance line was also, imo, confirmed with Q4 2024 Earnings reported on March 25, 2025. While earnings was strong, GME traded in a tight price range following earnings, and ultimately broke back down following the first convertible notes offering. Our most recent mark up after RC purchased his most recent batch of shares, boosted by speculation of BTC purchases right before BTC marked up was a relentless few weeks of mark up. We broke out and kept going, only to start breaking down when the amount of BTC purchased was far less than most expected (4710 BTC). Most interestingly, the narrow trading range the past month or so following the most recent convertible bonds offering, is giving us a strong confirmation of resistance now. Everyone knows by now the bollinger bands are tighter than they’ve been in years. We have been trading flat, IV is at historic lows. Yet, when you look at it, it’s respecting both the support and resistance lines defined by the significant events I listed above. WYCKOFF ACCUMULATION (INSTITUTIONAL) On March 21, 2023, GME reported Q4 2022 Earnings which marked the first quartlerly net profit in seven quarters. This was the climax of the selling pressure (SC) and we got an Automatic Rally (AR) to start the accumulation phase. We KNOW institutions have been accumulating, the filings confirm it. Their positions confirm it. GME did eventually go down further in price, but this is normal in accumulation where institutions tend to retest the SC area (this is called the secondary test (ST), and often retraces lower). In Nov 2023, we got a rally into Q3 2023 earnings which were ultimately disappointing. We sold off lower, taking GME below the Secondary Test. This takes us to the Spring of 2024. We sold off down to ~$10. This was a shakeout of weak hands and stronger hands took their place. This was a wyckoff spring. Roaring Kitty comes back May 2024, we get a sign of strength (SOS) that took us well above $60, but could not be sustained as there was no real news to justify it. We retraced until Oct 2024, when RC tweeted “Yolo” and speculation started driving up share price again, but ultimately, it could not be sustained. A lot of speculation, but the fundamentals weren’t there, retail interest wasn’t strong enough. They were able to take GME back down. In Wyckoff, after an SOS, you get a test of last point of support (LPS). This is a low volume selloff, making sure there’s no more supply at various levels before they start to mark up again. We got another SOS from Q4 2024 earnings in Mar 2025, this was our second SOS. We ended up breaking down after this bullish earnings after the first convertible notes offering. Back into the range, another retest of various levels to find supply. After RC filed his most recent purchase of shares, along with speculation of BTC gains from BTC’s run up, we had a rally that died off after 1) we find out GME only purchased 4710 BTC 2) 2nd convertible notes offering. Since then, we have been in a low volume, narrow trading range. It doesn’t even seem like we’re testing for supply at these levels. We’ve seen higher volume going to darkpools than normal. My theory on what’s happening with darkpools and the lend pool (available shares to borrow) is that they’re allocating shares from the lend pool to settle darkpool orders until they can find orders to match them and settle them. This might be why the lend pool is diminished, but CTB remains low. There isn’t actual demand to short GME, they’re just containing it. There is a clear trading range defined. This past month or so of trading in this tight range further confirms it when you look at the points of significance used to define the upper and lower trend lines that define the triangle consolidation pattern. They line up perfectly and actually explain really well why GME has been trading in such a narrow range. WHATS NEXT? I have no idea, but it seems like we’re at the end of the triangle consolidation pattern. We can clearly see signs of Wyckoff accumulation marked specifically from the start of GME’s first quarterly net profit in seven quarters. What should come after an SOS/LPS is the mark up. We’ve had three SOS/LPS in this pattern. GME seems to be in a strong position now and any legacy shorts should realize they’re completely trapped. GME is solid for the foreseeable future. Push Start Arcade? – no clue what this is, but I highly doubt this is enough to launch GME. Ryan Cohen’s interviews? – While his interview with Charles Payne on Fox News was really good, he ultimately gave us nothing substantial and was actually quite muted about GME’s position in BTC and current valuation. He could very well not have done it, but I’m sure there is a reason for it. Plausible deniability? Roaring Kitty is MIA again, but I’m also sure he wants nothing to do with another Congressional hearing. Please let me know what you think, I’d love to discuss and take any critiques on my charting/analysis. submitted by /u/heardme to r/GME |