Yep this is what I see. People keep posting on here talking about GME "mooning" to 500. But it actually moves faster and bigger than AMC. It could hit 2k or more this summer imo. There is a reason the options are STUPID expensive on GME right now.
@timb1515, The fact that many people are talking about 500, and you 2k, doesn't that concern you since most people are wrong? At the top 95%+ wildly bullish here. A ZigZag down from a Double Failure Swing High under 3/10's 348.50, and both under the all-time high, wave 1 top violated 218.93 (3/26 high), an Elliott Wave rule violation unless the ZigZag becomes a complex correction morphing into a triangle wherein wave 1 can be violated, but I'm unsure if this applies since it was violated before the triangle formed (IF it is). IF a triangle then 206.13 is wave A, wave B @ 238.01, wave C @ 208, wave D @ 233.66, wave E in progress that must bottom above 208, each wave has an A-B-C substructure, likely in (c) of E down. If violated the 61.8% (203.90) of the entire rally off the 3/25 larger bar (low= 116.90, that's the operable bar that led to the 6/8= 244.66 high). Though that count may be incorrect since the 2nd wave off 232 might be the correct low to use, the 61.8% is 275.03. If the triangle is broken, coming under wave C @ 208 then it's not a triangle, in rare instances wave C can be violated but never wave A @ 206.13 the exact low of both 6/8 and 5/25. Coming under here and failing to find support at 203.90 will mean a bear market rally complete and eventually headed under $38.50. If the triangle scenario is operable, a thrust out probably to new highs but not necessarily. Despite a general market sell off it has still held within this triangle scenario but may be biding its' time as a bull trap. The concern is the extreme bullish sentiment voiced by many that almost never attends bottoms, but rather tops, because quite frankly the majority is wrong most of the time especially when so lopsidedly bullish.
trader335534
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@pechi123, What a dumb take. As if sentiment is the only factor that matters especially in a short squeeze play lol. Hate to tell you buy sentiment was extremely bullish when it was at 130 a month ago, and look where we are now.
pechi123
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@trader335534, What's dumb is your arrogant response because someone else has a different view. That speaks volumes to your fragile ego.
nicholaslunger
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@pechi123, @trader335534, trader you instantly lose credibly by attacking someone's idea like that.
paulflint
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@trader335534, While I am bullish on your comment, I am extemely bearish on your delivery.
Farshad-F
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@pechi123, Can you make a chart and show this to us visually?