Jerkin' it with Gherkinit S5 E9 Live Charting and TA for 7/29/21
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| Author       | Source       | 
| :-------------: |:-------------:|
|  [u/gherkinit](https://www.reddit.com/user/gherkinit/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/otwtzc/jerkin_it_with_gherkinit_s5_e9_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!

The long funds have already begun building the gamma ramp up again behind the price drop as can be seen reflected here in the increase of OTM calls this week.

[![r/Superstonk - Jerkin' it with Gherkinit S5 E9 Live Charting and TA for 7/29/21](https://preview.redd.it/4cgid701b5e71.png?width=340&format=png&auto=webp&s=6b7783e44d76289f2373cfa70b349b8949405df6)](https://preview.redd.it/4cgid701b5e71.png?width=340&format=png&auto=webp&s=6b7783e44d76289f2373cfa70b349b8949405df6)

Contract volume bought at or near ask for week of 7/30

As we can see the longs are buying cheap OTM calls and the shorts are buying expensive ITM calls to drive the price down as can be seen here in dollars spent

[![r/Superstonk - Jerkin' it with Gherkinit S5 E9 Live Charting and TA for 7/29/21](https://preview.redd.it/k3kf4q7fb5e71.png?width=339&format=png&auto=webp&s=b2965436fdda6d154978d75017d452e658ed2c47)](https://preview.redd.it/k3kf4q7fb5e71.png?width=339&format=png&auto=webp&s=b2965436fdda6d154978d75017d452e658ed2c47)

Capital flow into GME options for week of 7/30

I will try to explain this long strategy as simply as I can because this is the third week in a row it has occurred.

[![r/Superstonk - Jerkin' it with Gherkinit S5 E9 Live Charting and TA for 7/29/21](https://preview.redd.it/5x4vcco2d5e71.png?width=2053&format=png&auto=webp&s=f097c98f561c145713279b29ac786938adb16b80)](https://preview.redd.it/5x4vcco2d5e71.png?width=2053&format=png&auto=webp&s=f097c98f561c145713279b29ac786938adb16b80)

Bear Trap Flowchart (de-hedged is not proper terminology but easy to understand)

This is one of the primary reasons we are not seeing a lot of volume as the longs are aware that the shorts are the seller and the buyer they simply have to wait. This is what I like to call the SHFCJ (Short Hedge Fund Circle Jerk) Eventually once they are done slathering themselves with mayo there will always be this gamma trap waiting for them. Thank you for attending my TED talk.

If you guys haven't had a chance to [Check out this weeks forward looking TA](https://www.reddit.com/r/Superstonk/comments/oroogu/jerkin_it_with_gherkinit_foward_looking_ta_for/)

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

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(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

Down on dry volume still a significant amount of ITM puts being bought to continue the drive down. I suspect the 200k shares used yesterday were the reason for our run up today as they were returned shortly thereafter. More SHFCJ another day of buy & hodl. Thank you all and have a wonderful night.

[![r/Superstonk - Jerkin' it with Gherkinit S5 E9 Live Charting and TA for 7/29/21](https://preview.redd.it/xz6suq9ak7e71.png?width=755&format=png&auto=webp&s=1256eaf2dcd5d232d6e055973d20b06fed3980f4)](https://preview.redd.it/xz6suq9ak7e71.png?width=755&format=png&auto=webp&s=1256eaf2dcd5d232d6e055973d20b06fed3980f4)

- Gherkinit

Edit 7 2:34

Getting slammed down but holding the line at 164 nice dip buy opportunity at the lower average price.

[![r/Superstonk - Jerkin' it with Gherkinit S5 E9 Live Charting and TA for 7/29/21](https://preview.redd.it/8fzwjkfi47e71.png?width=1579&format=png&auto=webp&s=1209c8660383c723b73f03e26e1a127e7c68fc84)](https://preview.redd.it/8fzwjkfi47e71.png?width=1579&format=png&auto=webp&s=1209c8660383c723b73f03e26e1a127e7c68fc84)

Edit 6 1:44

Still moving sideways volume is still sub 2m

[![r/Superstonk - Jerkin' it with Gherkinit S5 E9 Live Charting and TA for 7/29/21](https://preview.redd.it/j58a646kv6e71.png?width=1572&format=png&auto=webp&s=36c342464a629afaddebbc6bbf02b9c1f6f5cca2)](https://preview.redd.it/j58a646kv6e71.png?width=1572&format=png&auto=webp&s=36c342464a629afaddebbc6bbf02b9c1f6f5cca2)

Edit 5 12:26

H&S breakdown, I marked the possible turnarounds

[![r/Superstonk - Jerkin' it with Gherkinit S5 E9 Live Charting and TA for 7/29/21](https://preview.redd.it/5vn853xlh6e71.png?width=1583&format=png&auto=webp&s=ddc4a013585f6230d6e3d09322340de6de3c92ba)](https://preview.redd.it/5vn853xlh6e71.png?width=1583&format=png&auto=webp&s=ddc4a013585f6230d6e3d09322340de6de3c92ba)

Edit 4 11:53

right back down again, to be honest a lot of this is only due to the fact that we have low volume and a wide bid/ask spread

[![r/Superstonk - Jerkin' it with Gherkinit S5 E9 Live Charting and TA for 7/29/21](https://preview.redd.it/awz0cbrpb6e71.png?width=1573&format=png&auto=webp&s=2a2320d7c27fb346d5fdd74efb3b29ba9fa201ee)](https://preview.redd.it/awz0cbrpb6e71.png?width=1573&format=png&auto=webp&s=2a2320d7c27fb346d5fdd74efb3b29ba9fa201ee)

Edit 3 11:36

and just like that out of nowhere we rip

[![r/Superstonk - Jerkin' it with Gherkinit S5 E9 Live Charting and TA for 7/29/21](https://preview.redd.it/sdasa0ml86e71.png?width=1575&format=png&auto=webp&s=d8340979644e68a6759e6469afa6c684006cc567)](https://preview.redd.it/sdasa0ml86e71.png?width=1575&format=png&auto=webp&s=d8340979644e68a6759e6469afa6c684006cc567)

Edit 2 10:56

Triple bottom just crossed VWAP while volume is low we could see a test at 170 off this momentum

[![r/Superstonk - Jerkin' it with Gherkinit S5 E9 Live Charting and TA for 7/29/21](https://preview.redd.it/ilmfs2eh16e71.png?width=1574&format=png&auto=webp&s=ac43ea767e3a58abe15833df06564d911c461195)](https://preview.redd.it/ilmfs2eh16e71.png?width=1574&format=png&auto=webp&s=ac43ea767e3a58abe15833df06564d911c461195)

Edit 1 10:03

Chop on 170 resistance no volume

[![r/Superstonk - Jerkin' it with Gherkinit S5 E9 Live Charting and TA for 7/29/21](https://preview.redd.it/dlz0nwj0s5e71.png?width=1567&format=png&auto=webp&s=78c4f14264ad1799ba8da57c6a22814fb98b363c)](https://preview.redd.it/dlz0nwj0s5e71.png?width=1567&format=png&auto=webp&s=78c4f14264ad1799ba8da57c6a22814fb98b363c)

Pre-Market Analysis

Well the action yesterday seems to have jumped started the stock a bit as volume in pre-market is already significantly higher than previous days these last couple weeks. I expect we will see an early test of 180 as we have bounced on the low support several times now. 15k shares to borrow this morning the 200k used in yesterdays attack have not been returned.

[![r/Superstonk - Jerkin' it with Gherkinit S5 E9 Live Charting and TA for 7/29/21](https://preview.redd.it/3imqvul9a5e71.png?width=1564&format=png&auto=webp&s=73f3dff0bb23f09d79c2f3fc77305043202b8fa0)](https://preview.redd.it/3imqvul9a5e71.png?width=1564&format=png&auto=webp&s=73f3dff0bb23f09d79c2f3fc77305043202b8fa0)

15M chart from 7/28 - 7/29

MACD had a bullish crossover, then a bearish crossover yesterday and today it looks like it's crossing back to bullish. I sort of said this could happen as low volume meant that MACD hadn't crossed over in a significant way. Remember this indicator is trailing.

[![r/Superstonk - Jerkin' it with Gherkinit S5 E9 Live Charting and TA for 7/29/21](https://preview.redd.it/xup1rb2ie5e71.png?width=1554&format=png&auto=webp&s=d7bc7418cdde4abab218fe7e6d4e817014dc1ed5)](https://preview.redd.it/xup1rb2ie5e71.png?width=1554&format=png&auto=webp&s=d7bc7418cdde4abab218fe7e6d4e817014dc1ed5)

The MACD crisscross on the 1D

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.*

**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/)
