Jerkin' it with Gherkinit S8E1 Live Charting and TA for 9/8/21
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| Author       | Source       | 
| :-------------: |:-------------:|
|  [u/gherkinit](https://www.reddit.com/user/gherkinit/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/pk9q7v/jerkin_it_with_gherkinit_s8e1_live_charting_and/) | 

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[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)

Good morning Apes!

If you guys regularly follow along and haven't had a chance please check out my latest DD's

[Buy and Hodl: The Guide](https://www.reddit.com/r/Superstonk/comments/pj90o7/buy_and_hodl_the_guide/)

[T+69](https://www.reddit.com/r/Superstonk/comments/pk1g5d/t69/)

I think reading this is inherently important as we stare down this week of expected price action to give a better Idea of what apes are looking at moving forward and why the strategies employed by retail are so effective.

I will be streaming earnings after market close today and doing a follow -up Q&A. But please make sure to drop by GameStop's official stream and drop a like and subscribe.

If you want a more in-depth look at this weeks TA [check out the weekly DD](https://www.reddit.com/r/Superstonk/comments/pjci7o/jerkin_it_with_gherkinit_forward_looking_ta_for/)

Join us in the Daily Livestream <https://www.youtube.com/c/PickleFinancial>

Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH)

[Exit DD](https://www.reddit.com/r/Superstonk/comments/nogxnr/infinity_war_the_final_exit_dd_compilation/) for those that want an idea of what to expect

(save these links in case reddit goes down)

*(this post will read from top to bottom)*

(*feel free to ask me questions below, but if you can google it yourself please use common sense)*

Historical Resistance/Support:

116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (previous ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180.5, 182.5, 185, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (new ATM offering) 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base...

After-Market and Earnings

Well we closed up the day right at 200 just shy of the gamma ramp. I still expect that significant covering must be completed by 6:15pm market time, tomorrow. Earnings were far better than expected while EPs came in slightly under expectations that loss per share was definitely outweighed by the positivity of what that money was used for;

-   3 confirmed new order fulfillment centers

-   A new customer service center here in the US opening in Florida

-   25% growth in quarterly profits

-   50% reduction in losses since this last year

-   New hires in the technology side of the business

-   Shit we didn't even lose money on the jet

-   NO FUCKING SHARE OFFERING !!!!

If the SHFs were banking on spinning this negatively they are gonna have a hard time. I honestly couldn't have hoped for a better outcome. They are spending money to turn this into the business we knew Cohen would create and are making massive leaps in that progress. Yes I saw the 10Q...

> To the extent aggregate short exposure exceeds the number of shares of our Class A Common Stock available for purchase on the open market, investors with short exposure may have to pay a premium to repurchase shares of our Class A Common Stock for delivery to lenders of our Class A Common Stock. Those repurchases may in turn, dramatically increase the price of shares of our Class A Common Stock until additional shares of our Class A Common Stock are available for trading or borrowing. This is often referred to as a "short squeeze."

Tomorrow should be an interesting day, thank you all for tuning in the amazing support and 10k subscribers, you have all been an amazing part of this journey for me and I will never be able to express the extent of my gratitude.

- Gherkinit

[![r/Superstonk - Jerkin' it with Gherkinit S8E1 Live Charting and TA for 9/8/21](https://preview.redd.it/oyi47yafscm71.png?width=1967&format=png&auto=webp&s=6b68016e11a709faeb0db7e50fde60191740ca4e)](https://preview.redd.it/oyi47yafscm71.png?width=1967&format=png&auto=webp&s=6b68016e11a709faeb0db7e50fde60191740ca4e)

Edit 6 1:44

Failed that test at the trendline and are now sitting just under VWAP with lower volume

[![r/Superstonk - Jerkin' it with Gherkinit S8E1 Live Charting and TA for 9/8/21](https://preview.redd.it/dpbbtqjygbm71.png?width=1570&format=png&auto=webp&s=d3cff511ee65510986b3f1da45f2b7ff82e672b7)](https://preview.redd.it/dpbbtqjygbm71.png?width=1570&format=png&auto=webp&s=d3cff511ee65510986b3f1da45f2b7ff82e672b7)

Edit 5 12:69

Crossing VWAP now... volume picking up

[![r/Superstonk - Jerkin' it with Gherkinit S8E1 Live Charting and TA for 9/8/21](https://preview.redd.it/o7a638pgabm71.png?width=1560&format=png&auto=webp&s=e4257ad33e3e953a02a636a6a9923e200b870abe)](https://preview.redd.it/o7a638pgabm71.png?width=1560&format=png&auto=webp&s=e4257ad33e3e953a02a636a6a9923e200b870abe)

Edit 4 11:43

Uptrend breaking...well...to the upside. Bullish divergence is good. With T+69 indicating we should have 3-5 million volume today if that volume is buy side we could see some nice price action still

[![r/Superstonk - Jerkin' it with Gherkinit S8E1 Live Charting and TA for 9/8/21](https://preview.redd.it/733xnmnevam71.png?width=1551&format=png&auto=webp&s=91b09eb108ac68b061c01dec3abfcad13b111827)](https://preview.redd.it/733xnmnevam71.png?width=1551&format=png&auto=webp&s=91b09eb108ac68b061c01dec3abfcad13b111827)

Edit 3 10:54

All they are effectively doing right now is allowing the gamma ramp to drop even lower, calls at 205/200/195 rolling in now

[![r/Superstonk - Jerkin' it with Gherkinit S8E1 Live Charting and TA for 9/8/21](https://preview.redd.it/k51osipmmam71.png?width=1539&format=png&auto=webp&s=2328ab836da0cd0a79e1a0e959cae89e5be3c1be)](https://preview.redd.it/k51osipmmam71.png?width=1539&format=png&auto=webp&s=2328ab836da0cd0a79e1a0e959cae89e5be3c1be)

Edit 2 10:23

Still dipping steady downtrend for now on lower volume currently @ 1.1M

[![r/Superstonk - Jerkin' it with Gherkinit S8E1 Live Charting and TA for 9/8/21](https://preview.redd.it/ttbsz46xgam71.png?width=1556&format=png&auto=webp&s=d5c33e00c647358dc884caa29803ba52297998c5)](https://preview.redd.it/ttbsz46xgam71.png?width=1556&format=png&auto=webp&s=d5c33e00c647358dc884caa29803ba52297998c5)

Edit 1 9:49

Quick test of 205 failed out of the gate either volume dies for the rest of the day or we bounce off this short attack and try again

[![r/Superstonk - Jerkin' it with Gherkinit S8E1 Live Charting and TA for 9/8/21](https://preview.redd.it/ersdta01bam71.png?width=1566&format=png&auto=webp&s=3761caf1ccf0c5a0a96d42c352aaad00f784957e)](https://preview.redd.it/ersdta01bam71.png?width=1566&format=png&auto=webp&s=3761caf1ccf0c5a0a96d42c352aaad00f784957e)

Pre-Market Analysis

Volume currently at 24k with another hour till market open this actually looks pretty good. However the shorts are definitely ready to stamp out any FOMO that may come in with earnings. There are 235k shares borrowed this morning and another 818k available between Fidelity and IBKR. We still have an unfilled gap around 211-214 which could be relevant if we start climbing. The shorts really put themselves in a tricky position yesterday by not holding the price up at 210 a little better. Allowing long funds and retail to buy cheap weeklies in the 200-215 range further filling in the low end of that gamma ramp.

[![r/Superstonk - Jerkin' it with Gherkinit S8E1 Live Charting and TA for 9/8/21](https://preview.redd.it/9j2q0h3iy9m71.png?width=1549&format=png&auto=webp&s=52446c8dc07368a7c884dd3f06d6a383542a738a)](https://preview.redd.it/9j2q0h3iy9m71.png?width=1549&format=png&auto=webp&s=52446c8dc07368a7c884dd3f06d6a383542a738a)

pre-market on the 1m

No notable arbitrage this morning*

Disclaimer

** Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. :)*

**My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.*

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

* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/)
