From 382c03d84b9dfb6946512672a7829d52f7c318d7 Mon Sep 17 00:00:00 2001
From: verymeticulous <82035192+verymeticulous@users.noreply.github.com>
Date: Fri, 23 Apr 2021 14:19:45 -0400
Subject: [PATCH] Create
 Proof-that-GMEs-Price-has-been-Artificially-Deflated.md

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+Definitive proof that GME's price has been artificially deflated, that apes are💎✋ and that total buying pressure has actually INCREASED by 24%! This rocket is ready to pop! 💎✋🚀🚀🚀
+=======================================================================================================================================================================================
+
+**Author: [u/Cuttingwater_](https://www.reddit.com/user/Cuttingwater_/)**
+
+[DD](https://www.reddit.com/r/GME/search?q=flair_name%3A%22DD%22&restrict_sr=1)
+
+Hello my fellow Apes 🦍🦍🦍,
+
+For anyone with any lingering doubts about GME price being getting manipulated prepare to have your 🦍🧠🤯.
+
+I am going to show some fairly definitive proof, using a measure called 'On-Balance Volume' which will show that all the downward price pressure has been with EXTREMELY minimal volumes.
+
+You apes don't only have 💎✋ BUT ARE ALSO BUYING THE DIPS because total net buying volume has net INCRASED since January!
+
+For me personally, this was the final piece of evidence I needed to feel certain about where this stock is going. 🚀🚀🚀
+
+---------- BOILERPLATE:
+
+I still know nothing, I can't do math good. PLEASE don't listen to me! Obligatory 🚀🚀🚀
+
+TLDR: Price drop from Jan 29 to Feb 4 was done with almost no net negative buying pressure (very low share volumes). Proof that 🦍 are💎✋ AND are buying the dips! Overall positive buying pressure has only increased since January. 💎✋🚀🚀🚀
+
+---------- On Balance Volume (OBV)
+
+Before I 🤯 your mind, here is what OBV (On-Balance Volume) is all about:
+
+> On Balance Volume (OBV) measures buying and selling pressure as a cumulative indicator, adding volume on up days and subtracting it on down days.
+
+On Balance Volume (OBV) line is simply a running total of positive and negative volume. A period's volume is positive when the close is above the prior close and is negative when the close is below the prior close.
+
+> The absolute number of the OBV does not matter, what does is the relative height of the line over time.
+
+Rising OBV reflects positive volume pressure that can lead to higher prices. Conversely, falling OBV reflects negative volume pressure that can foreshadow lower prices.
+
+This means, that if we see a significant decline in share price, we should also see a decrease in OBV line at a similar magnitude.
+
+For my fellow 🤓, here is the equation:
+
+[![r/GME - Definitive proof that GME's price has been artificially deflated, that apes are💎✋ and that total buying pressure has actually INCREASED by 24%! This rocket is ready to pop! 💎✋🚀🚀🚀](https://preview.redd.it/x2rdy831yno61.png?width=773&format=png&auto=webp&s=618e906593350ce0dda3582350de0b40001c05b5)](https://preview.redd.it/x2rdy831yno61.png?width=773&format=png&auto=webp&s=618e906593350ce0dda3582350de0b40001c05b5)
+
+---------- Examples of share price following OBV
+
+Below I have 5 examples from other companies (AMD, Tesla, Cineplex, Royal Caribbean, Canopy) and all of them have OBV lines that very nicely go along with the share price.
+
+Note: All data from TradingView (awesome app btw) and Period set to 1 day.
+
+This is what the relationship between OBV and price should look like. In fact, the whole purpose of the OBV is that it actually can show when a price is about to move in a certain direction as you can see the spikes in OBV are all 1 to 2 periods before the share spikes.
+
+[![r/GME - Definitive proof that GME's price has been artificially deflated, that apes are💎✋ and that total buying pressure has actually INCREASED by 24%! This rocket is ready to pop! 💎✋🚀🚀🚀](https://preview.redd.it/4eab8zsrtno61.png?width=588&format=png&auto=webp&s=dba059fa5fe898892115b4d4cb985338cd52dbec)](https://preview.redd.it/4eab8zsrtno61.png?width=588&format=png&auto=webp&s=dba059fa5fe898892115b4d4cb985338cd52dbec)
+
+---------- GME: When Share price doesn't follow OBV
+
+And now let's get to GME.
+
+[Link to my TradingView so you can see the data live](https://www.tradingview.com/chart/Pseqbe9R/)
+
+[![r/GME - Definitive proof that GME's price has been artificially deflated, that apes are💎✋ and that total buying pressure has actually INCREASED by 24%! This rocket is ready to pop! 💎✋🚀🚀🚀](https://preview.redd.it/86g5hrduvno61.png?width=786&format=png&auto=webp&s=b361870079f8ead02585bbd11d2969f546e69725)](https://preview.redd.it/86g5hrduvno61.png?width=786&format=png&auto=webp&s=b361870079f8ead02585bbd11d2969f546e69725)
+
+-   Here you can see huge positive buy pressure from Jan 12 to 27, increasing by 462% with a share price increase of $305 ([VWAP - volume weighted average price](https://www.investopedia.com/terms/v/vwap.asp#:~:text=The%20volume%20weighted%20average%20price%20(VWAP)%20is%20a%20trading%20benchmark,and%20value%20of%20a%20security)).
+
+-   Then the share price dropped by $264 (80%) from January 29 to Feb 4. If this was a real drop (i.e. people were actually selling their shares), we would expect a relative decrease in the buying pressure, however we only see it go down by 9%! 🤣🤣
+
+-   When GME spiked in February, it actually gained more total positive buying pressure and surpassed the previous high point set on January 27!
+
+-   It has only gone higher since. On March 10 & 12, we were at the highest level, 25% higher than January and even today, we are still 17% higher. This is also important because it showed that not much extra buy pressure was required to bring the price up from $40 to $300
+
+THIS AS CLOSE AS YOU WILL GET TO PROOF OF 💎✋! Almost no one actually sold during this period, or we would have seen a huge increase in negative buy pressure. If you just looked at the OBV, you would think that the stock price should be around $450-500
+
+The red line is what I think the OBV SHOULD look like for the current stock price.
+
+Note: This observations is true if you set the period to 1 week, 1 day, 4 hours, 3 hours, 2 hours and 1 hour
+
+---------- TLDR
+
+TLDR: Price drop from Jan 29 to Feb 4 was done with almost no net negative buying pressure (very low share volumes). Proof that 🦍 are💎✋ AND are buying the dips! Overall positive buying pressure has only increased since January. 💎✋🚀🚀🚀
+
+Stake: Shares in GME
+
+[This is an update to my previous post on OBV and I have had several people ask for an update.](https://www.reddit.com/r/GME/comments/m6fjld/the_ultimate_fud_killer_definitive_proof_that/)
+
+[![r/GME - Definitive proof that GME's price has been artificially deflated, that apes are💎✋ and that total buying pressure has actually INCREASED by 24%! This rocket is ready to pop! 💎✋🚀🚀🚀](https://preview.redd.it/q4nc9gjdroo61.png?width=400&format=png&auto=webp&s=d04e72b2a5ae4d047811394027a08dfeab1694e0)](https://preview.redd.it/q4nc9gjdroo61.png?width=400&format=png&auto=webp&s=d04e72b2a5ae4d047811394027a08dfeab1694e0)
+
+OMG Apes! You did it:
+
+[![r/GME - Definitive proof that GME's price has been artificially deflated, that apes are💎✋ and that total buying pressure has actually INCREASED by 24%! This rocket is ready to pop! 💎✋🚀🚀🚀](https://preview.redd.it/wo6fxmw0wro61.png?width=600&format=png&auto=webp&s=ce8f0cb4157091effa6af7c28bb6aff6c46ca7c7)](https://preview.redd.it/wo6fxmw0wro61.png?width=600&format=png&auto=webp&s=ce8f0cb4157091effa6af7c28bb6aff6c46ca7c7)