Happy Wedge Day! Live Charting with Gherkinit for 5/7/21
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| Author       | Source       | 
| :-------------: |:-------------:|
|  [u/gherkinit](https://www.reddit.com/user/gherkinit/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n6xmrt/happy_wedge_day_live_charting_with_gherkinit_for/) | 

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[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)

Good Morning!

Today is the day we approach the end of that Bull Pennant we have been staring at all week. I'm excited to see if there will be some price action today. This week has been tough, GME's been basically sideways everyday but IV is dropping and that's never a bad thing. So one more day into the fray, my friends.

Lastly, almost all major brokers now have their proxy material available. If you own a company you should be making your opinion heard. Vote.

If you want to find out what VWAP means check out the stream on [YouTube](https://www.youtube.com/c/PickleFinancial)

And for our live audio feed you check out the [Discord](https://discord.gg/HbqnUVsSrH)

(save these links in case reddit goes down)

Historical Resistance/Support:

116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 156.5, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256

*This Post will read from top to bottom, any images over 20 will be deleted as the day progresses.*

Questions are always welcome I will reply down in the comments as often as I can

Post Market Wrap up

We ended today up 0.04% here are the stats. Not much action today but good times all the same.

NSCC-802 is delayed I don't know why but I'll look into it.

Thank you again guys for all your support it's been so fun hanging out here on reddit and over in YouTube and Discord with all of you. Really helps pass the time.

I will have the forward looking DD and accompanying video out this weekend so keep your eyes open for that. Until then Vote, Hodl, and see you on Monday!

Gherkinit,

[![r/Superstonk - Happy Wedge Day! Live Charting with Gherkinit for 5/7/21](https://preview.redd.it/hy8q0aqt8rx61.png?width=719&format=png&auto=webp&s=f7dfd04d5014cefec5174a5228c57af7520ffd5e)](https://preview.redd.it/hy8q0aqt8rx61.png?width=719&format=png&auto=webp&s=f7dfd04d5014cefec5174a5228c57af7520ffd5e)

P.S. Almost forgot here is the wedge not quite broken out on the daily but Monday could be interesting.

[![r/Superstonk - Happy Wedge Day! Live Charting with Gherkinit for 5/7/21](https://preview.redd.it/ck1s51xi9rx61.png?width=1213&format=png&auto=webp&s=1ddf1824b7d53d4549f103ff81fbaf3ce7391692)](https://preview.redd.it/ck1s51xi9rx61.png?width=1213&format=png&auto=webp&s=1ddf1824b7d53d4549f103ff81fbaf3ce7391692)

Edit 13 2:47

Looks good for the whole day

[![r/Superstonk - Happy Wedge Day! Live Charting with Gherkinit for 5/7/21](https://preview.redd.it/mlbxck9zuqx61.png?width=1392&format=png&auto=webp&s=4cbd4766c9300304ad295e968e80b240e79c06e5)](https://preview.redd.it/mlbxck9zuqx61.png?width=1392&format=png&auto=webp&s=4cbd4766c9300304ad295e968e80b240e79c06e5)

Edit 12 2:17

I wanna give everyone good news but...

[![r/Superstonk - Happy Wedge Day! Live Charting with Gherkinit for 5/7/21](https://preview.redd.it/betkzi2rpqx61.png?width=1234&format=png&auto=webp&s=3b597bd8276b9d99adb1192574a074f6606aa58a)](https://preview.redd.it/betkzi2rpqx61.png?width=1234&format=png&auto=webp&s=3b597bd8276b9d99adb1192574a074f6606aa58a)

Edit 11 1:26

Head and shoulders

[![r/Superstonk - Happy Wedge Day! Live Charting with Gherkinit for 5/7/21](https://preview.redd.it/0qs0ol3mgqx61.png?width=972&format=png&auto=webp&s=961f25aa24b7ceff440f38c79368e5c5eef35f5d)](https://preview.redd.it/0qs0ol3mgqx61.png?width=972&format=png&auto=webp&s=961f25aa24b7ceff440f38c79368e5c5eef35f5d)

Edit 10 1:14

I guess under 162.5 was not were someone wanted to be. Testing 167.5.

[![r/Superstonk - Happy Wedge Day! Live Charting with Gherkinit for 5/7/21](https://preview.redd.it/xhonuroieqx61.png?width=828&format=png&auto=webp&s=695f11e935a0386d414653cc4cf5a355809186e8)](https://preview.redd.it/xhonuroieqx61.png?width=828&format=png&auto=webp&s=695f11e935a0386d414653cc4cf5a355809186e8)

Edit 9 1:03

The Rip'

[![r/Superstonk - Happy Wedge Day! Live Charting with Gherkinit for 5/7/21](https://preview.redd.it/k97ej4rjcqx61.png?width=1381&format=png&auto=webp&s=6adca8aa2c660bc8f686d036a4bd02ea4c4d0c77)](https://preview.redd.it/k97ej4rjcqx61.png?width=1381&format=png&auto=webp&s=6adca8aa2c660bc8f686d036a4bd02ea4c4d0c77)

Edit 8 12:40

Moving up to test 162.5 which is also max pain for this week

[![r/Superstonk - Happy Wedge Day! Live Charting with Gherkinit for 5/7/21](https://preview.redd.it/k0oxfhcd8qx61.png?width=1025&format=png&auto=webp&s=7278ae92ba0082aa19a48d3dafb223764cfaba3c)](https://preview.redd.it/k0oxfhcd8qx61.png?width=1025&format=png&auto=webp&s=7278ae92ba0082aa19a48d3dafb223764cfaba3c)

Edit 7 12:18

!!!! 1 Million Volume !!!!

[![r/Superstonk - Happy Wedge Day! Live Charting with Gherkinit for 5/7/21](https://preview.redd.it/yicnawbl4qx61.png?width=1494&format=png&auto=webp&s=ff4af0208ab835a12926cb63eb5a67f56224f995)](https://preview.redd.it/yicnawbl4qx61.png?width=1494&format=png&auto=webp&s=ff4af0208ab835a12926cb63eb5a67f56224f995)

Edit 6 11:38

Above VWAP again but still below 1M volume

[![r/Superstonk - Happy Wedge Day! Live Charting with Gherkinit for 5/7/21](https://preview.redd.it/flvtn3qbxpx61.png?width=1048&format=png&auto=webp&s=28831f68c5fef5846a03558ce8c65abb31ccd1d7)](https://preview.redd.it/flvtn3qbxpx61.png?width=1048&format=png&auto=webp&s=28831f68c5fef5846a03558ce8c65abb31ccd1d7)

Edit 5 10:45

The VWAP shuffle continues as we inch our way above on no volume again.

[![r/Superstonk - Happy Wedge Day! Live Charting with Gherkinit for 5/7/21](https://preview.redd.it/6rjgnmclnpx61.png?width=978&format=png&auto=webp&s=4ad703441a1a9601fda3572ed9f0d3b184884bf2)](https://preview.redd.it/6rjgnmclnpx61.png?width=978&format=png&auto=webp&s=4ad703441a1a9601fda3572ed9f0d3b184884bf2)

Edit 4 10:25

Fire sale as the head and shoulders continues to break down

[![r/Superstonk - Happy Wedge Day! Live Charting with Gherkinit for 5/7/21](https://preview.redd.it/qnpbo57dkpx61.png?width=1217&format=png&auto=webp&s=dd979abadc7ad4946290f4d01d7758f3bfdc4e7a)](https://preview.redd.it/qnpbo57dkpx61.png?width=1217&format=png&auto=webp&s=dd979abadc7ad4946290f4d01d7758f3bfdc4e7a)

Edit 3 10:02

Head and shoulders forming if we break below VWAP look for a dip 50k more shares borrowed.

[![r/Superstonk - Happy Wedge Day! Live Charting with Gherkinit for 5/7/21](https://preview.redd.it/p5fxcnh7gpx61.png?width=1000&format=png&auto=webp&s=f615b0ef567bb0702357f58bdebd389825aa891a)](https://preview.redd.it/p5fxcnh7gpx61.png?width=1000&format=png&auto=webp&s=f615b0ef567bb0702357f58bdebd389825aa891a)

Edit 2 9:55

Nice uptrend volume is increasing

[![r/Superstonk - Happy Wedge Day! Live Charting with Gherkinit for 5/7/21](https://preview.redd.it/5n0cni50fpx61.png?width=919&format=png&auto=webp&s=0fe649e2fac993850866b9be5908c8a0d8d0224a)](https://preview.redd.it/5n0cni50fpx61.png?width=919&format=png&auto=webp&s=0fe649e2fac993850866b9be5908c8a0d8d0224a)

Edit 1 9:45

Above VWAP, we had some volume come in, we could continue upward as long side attempt to put the massive call volume in the money. 230k Volume.

[![r/Superstonk - Happy Wedge Day! Live Charting with Gherkinit for 5/7/21](https://preview.redd.it/e0u0319rcpx61.png?width=842&format=png&auto=webp&s=8956c1b3b1ba402e7883962e165cb29c553b4492)](https://preview.redd.it/e0u0319rcpx61.png?width=842&format=png&auto=webp&s=8956c1b3b1ba402e7883962e165cb29c553b4492)

Pre-market Analysis

More sideways trading in the pre-market, small variation but I think we will open were we closed. 300k shares to borrow on Iborrowdesk. 12.5k Vol traded.

[![r/Superstonk - Happy Wedge Day! Live Charting with Gherkinit for 5/7/21](https://preview.redd.it/ayq7vdy51px61.png?width=1121&format=png&auto=webp&s=33cda997344d882b4d4e36bb6b5b805aa01243cc)](https://preview.redd.it/ayq7vdy51px61.png?width=1121&format=png&auto=webp&s=33cda997344d882b4d4e36bb6b5b805aa01243cc)

TTM Squeeze is ready to blow

[![r/Superstonk - Happy Wedge Day! Live Charting with Gherkinit for 5/7/21](https://preview.redd.it/ucsejudh1px61.png?width=982&format=png&auto=webp&s=4902bb6a86f02c7e4e331dd79e5f90a89f88ef45)](https://preview.redd.it/ucsejudh1px61.png?width=982&format=png&auto=webp&s=4902bb6a86f02c7e4e331dd79e5f90a89f88ef45)

Lastly here is some wedge and some MACD to get your VWAP ready. If we go up in price the MACD will cross back over again today.

[![r/Superstonk - Happy Wedge Day! Live Charting with Gherkinit for 5/7/21](https://preview.redd.it/3xgf5yss1px61.png?width=1110&format=png&auto=webp&s=2a7cd58675cfb2210c5ccc461965ee53b79dc25c)](https://preview.redd.it/3xgf5yss1px61.png?width=1110&format=png&auto=webp&s=2a7cd58675cfb2210c5ccc461965ee53b79dc25c)

*This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.*
