Live Charting with Gherkinit for 5/4/21. May the 4th be with you.
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| Author       | Source       | 
| :-------------: |:-------------:|
|  [u/gherkinit](https://www.reddit.com/user/gherkinit/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n4n8fw/live_charting_with_gherkinit_for_5421_may_the_4th/) | 

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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 Apes!

Here we are primed for yet another day of fun in the sun, Market Action. Possible passing of SR-NSCC-2021-801 today could be a catalyst. This essentially states if they deem member positions are to risky they can margin call them immediately, also changes reporting of these positions from a monthly to daily time frame. So that's nice.

We had a bit of a dip yesterday which presented few fantastic buying opportunities, as more apes panic bought. I still expect the floor of the stock to be 157 it should take more than a small concentrated effort to get us trading below that.

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)

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 Analysis

Closing stats for the day.

[![r/Superstonk - Live Charting with Gherkinit for 5/4/21. May the 4th be with you.](https://preview.redd.it/326gh4clt5x61.png?width=802&format=png&auto=webp&s=266a4f4a7f2c9880c450d7dfe42e65ce02215be0)](https://preview.redd.it/326gh4clt5x61.png?width=802&format=png&auto=webp&s=266a4f4a7f2c9880c450d7dfe42e65ce02215be0)

We went down, we went back up volume was exceedingly low. Sorry for those of you that missed out during the reddit crash I assure you I was trying to update for a while but couldn't get through to the page. Please bookmark the YouTube and Discord for future outages. Thank you all again for the support and I will see you bright and early tomorrow.

Gherkinit,

Edit 13 3:38

Absolutely sideways again but with a nice cushion on resistance

[![r/Superstonk - Live Charting with Gherkinit for 5/4/21. May the 4th be with you.](https://preview.redd.it/03xd8wqfp5x61.png?width=927&format=png&auto=webp&s=c2fb824baea7198a107420dd6676b5199fd7aa4e)](https://preview.redd.it/03xd8wqfp5x61.png?width=927&format=png&auto=webp&s=c2fb824baea7198a107420dd6676b5199fd7aa4e)

Edit 12 2:47

And we are back...I hope. $2 dollar upwards price move as apes panic bought due to comms being down? Still no volume but we are clear of the 157 support and trending towards 162.5.

[![r/Superstonk - Live Charting with Gherkinit for 5/4/21. May the 4th be with you.](https://preview.redd.it/36vbttykg5x61.png?width=1127&format=png&auto=webp&s=b5c887cdf70ef139bb1c215afecf26a9c4b7083f)](https://preview.redd.it/36vbttykg5x61.png?width=1127&format=png&auto=webp&s=b5c887cdf70ef139bb1c215afecf26a9c4b7083f)

Edit 11 1:43

Small buy-in shot us up above VWAP and back above that 157 resistance. Looks like we can hold above 157 for now. Maybe a re-test soon.

[![r/Superstonk - Live Charting with Gherkinit for 5/4/21. May the 4th be with you.](https://preview.redd.it/f9yk81ft45x61.png?width=921&format=png&auto=webp&s=7eab77171dd3c631da3711281759b3dc18c84ca4)](https://preview.redd.it/f9yk81ft45x61.png?width=921&format=png&auto=webp&s=7eab77171dd3c631da3711281759b3dc18c84ca4)

Edit 10 1:17

Talk about flat

[![r/Superstonk - Live Charting with Gherkinit for 5/4/21. May the 4th be with you.](https://preview.redd.it/oj9h7kc805x61.png?width=987&format=png&auto=webp&s=9be35916686a89839460269696f9c06273bd9e80)](https://preview.redd.it/oj9h7kc805x61.png?width=987&format=png&auto=webp&s=9be35916686a89839460269696f9c06273bd9e80)

Edit 9 12:32

Moving up to re-test VWAP. I am hearing in chat that TD is listing GME as hard to borrow, and Schwab is not allowing market orders. Take this with a grain of salt but it is an interesting development.

[![r/Superstonk - Live Charting with Gherkinit for 5/4/21. May the 4th be with you.](https://preview.redd.it/1f826zs6s4x61.png?width=807&format=png&auto=webp&s=31c24e4652c551807ef9071cfd23531ef69971e5)](https://preview.redd.it/1f826zs6s4x61.png?width=807&format=png&auto=webp&s=31c24e4652c551807ef9071cfd23531ef69971e5)

Edit 8 11:51

Volume has completely dried up we are trending down but I expect it can drift back up soon

[![r/Superstonk - Live Charting with Gherkinit for 5/4/21. May the 4th be with you.](https://preview.redd.it/d6sxfe0wk4x61.png?width=823&format=png&auto=webp&s=b9b8e90e01ca80b6e106f1be58cd22fefe413061)](https://preview.redd.it/d6sxfe0wk4x61.png?width=823&format=png&auto=webp&s=b9b8e90e01ca80b6e106f1be58cd22fefe413061)

Edit 7 11:15

Nice little intraday bull pennant might break up but volume really died off.

[![r/Superstonk - Live Charting with Gherkinit for 5/4/21. May the 4th be with you.](https://preview.redd.it/ti01kclee4x61.png?width=1283&format=png&auto=webp&s=727b1285b0700309b807ea05668ee32c97b9aa6a)](https://preview.redd.it/ti01kclee4x61.png?width=1283&format=png&auto=webp&s=727b1285b0700309b807ea05668ee32c97b9aa6a)

Edit 6 10:47

Chopping above resistance @ 157

[![r/Superstonk - Live Charting with Gherkinit for 5/4/21. May the 4th be with you.](https://preview.redd.it/bgxydx9k94x61.png?width=1109&format=png&auto=webp&s=3a53bf6a771f635d9359eba88853e5dff225e576)](https://preview.redd.it/bgxydx9k94x61.png?width=1109&format=png&auto=webp&s=3a53bf6a771f635d9359eba88853e5dff225e576)

Edit 5 10:20

Looks like we are winning the battle at 157. As long as the market keeps going up I expect we will as well.

[![r/Superstonk - Live Charting with Gherkinit for 5/4/21. May the 4th be with you.](https://preview.redd.it/nslslrge44x61.png?width=1091&format=png&auto=webp&s=a61a90089be4c7b862a5c772b46627b452cc5545)](https://preview.redd.it/nslslrge44x61.png?width=1091&format=png&auto=webp&s=a61a90089be4c7b862a5c772b46627b452cc5545)

Edit 4 10:03

Coming down more I think this is an effect of the market pressure the SPY is down $5 already and looking weak. Nice fire sale if we continue down.

[![r/Superstonk - Live Charting with Gherkinit for 5/4/21. May the 4th be with you.](https://preview.redd.it/07bkx0nm14x61.png?width=1234&format=png&auto=webp&s=aa5bcd7e1e770ed9dde5cfe6d17494b7aab06f53)](https://preview.redd.it/07bkx0nm14x61.png?width=1234&format=png&auto=webp&s=aa5bcd7e1e770ed9dde5cfe6d17494b7aab06f53)

Edit 3 9:55

Descending channel. I'm looking for this to break up as short side fights for 157 resistance.

[![r/Superstonk - Live Charting with Gherkinit for 5/4/21. May the 4th be with you.](https://preview.redd.it/gfgx82t804x61.png?width=1059&format=png&auto=webp&s=70de372ce41c0fffdfe55b1d167121a06ec0ca31)](https://preview.redd.it/gfgx82t804x61.png?width=1059&format=png&auto=webp&s=70de372ce41c0fffdfe55b1d167121a06ec0ca31)

Edit 2 9:39

Bounce? Look at that buy wall 157 is the floor.

[![r/Superstonk - Live Charting with Gherkinit for 5/4/21. May the 4th be with you.](https://preview.redd.it/u34t9x0dx3x61.png?width=1297&format=png&auto=webp&s=19c71a0bb7f9037cff61d869cf8801ede559a1c7)](https://preview.redd.it/u34t9x0dx3x61.png?width=1297&format=png&auto=webp&s=19c71a0bb7f9037cff61d869cf8801ede559a1c7)

Edit 1 9:35

250k volume in the first 5, 750k shares available to borrow, and looks like we are testing 157

[![r/Superstonk - Live Charting with Gherkinit for 5/4/21. May the 4th be with you.](https://preview.redd.it/mifj4oeow3x61.png?width=751&format=png&auto=webp&s=4995fe6b713fdee7d322ed0f74f4c6a7af5940d3)](https://preview.redd.it/mifj4oeow3x61.png?width=751&format=png&auto=webp&s=4995fe6b713fdee7d322ed0f74f4c6a7af5940d3)

Pre-market Analysis

Pre-Edit 1

Looks like VWAP gapped down as we traded on low volume between 160-166.

[![r/Superstonk - Live Charting with Gherkinit for 5/4/21. May the 4th be with you.](https://preview.redd.it/ku91235sk3x61.png?width=1398&format=png&auto=webp&s=307ef00c70c574fd4377aba9361469df6a74518a)](https://preview.redd.it/ku91235sk3x61.png?width=1398&format=png&auto=webp&s=307ef00c70c574fd4377aba9361469df6a74518a)

Here is CV VWAP for this morning there was some arbitrage on the dip yesterday but still sitting in the neutral band

[![r/Superstonk - Live Charting with Gherkinit for 5/4/21. May the 4th be with you.](https://preview.redd.it/ghsu93y1l3x61.png?width=890&format=png&auto=webp&s=0ebdc94a94bcd42f4d67de8430be02ce1b5bb1e8)](https://preview.redd.it/ghsu93y1l3x61.png?width=890&format=png&auto=webp&s=0ebdc94a94bcd42f4d67de8430be02ce1b5bb1e8)

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