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Jerkin it with Gherkinit S5 E10 Live Charting and TA for 7/30/21
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================================================================
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| Author | Source |
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| :-------------: |:-------------:|
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| [u/gherkinit](https://www.reddit.com/user/gherkinit/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/oujw3l/jerkin_it_with_gherkinit_s5_e10_live_charting_and/) |
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---
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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)
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Good Morning Apes!
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Hello everyone and welcome to another Friday. I wanted to address something before jumping into the rest of the post today. These posts are done to give apes an idea of where the stock will go on a day to day basis, they are not done for the purposes of day-trading the stock. If you use them to day-trade the stock instead of doing your own TA and research, you're a fucking idiot...
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There is a significant short position on the stock and the holders of that position will not hesitate, as the last few weeks have proved, to dump significant amounts of capital to suppress the breakouts ($3.7B in the last few weeks). They use Technical Analysis as well and are obviously aware of breakout timings. The purpose of this tactic is to generate fear in the asset, it is the same reason the stock get's shorted on every piece of good news to prevent FOMO from the general public. Every breakout shorted costs them money, reducing their burn rate on the position.
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We are dealing with a cornered animal, there is no tactic to low or dirty for them to employ. Technical analysis simply shows us the opportunity points for bulls to move in, and if they attack those breakouts the strength of the SHFs capital reserves (based on the relative strength of the attack).
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All someone needs to do to win is buy & hold.
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It's actually that simple.
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Thank you,
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-Gherkinit
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Now to the crayons!
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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/)
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Join us in the Daily Livestream <https://www.youtube.com/c/PickleFinancial>
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Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH)
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(save these links in case reddit goes down)
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*(this post will read from top to bottom)*
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(*feel free to ask me questions below, but if you can google it yourself please use common sense)*
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Historical Resistance/Support:
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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...
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After Market
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Weird shit at the end of the stream today some very odd glitches at market close it seemed like a bunch of volume rolled in. Anyway, we didn't drop to that lower trend which is good and some of the OI in calls got rolled for next weeks ramp. Thank you for tuning in and stay tuned for this weekends DD on Sunday.
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[](https://preview.redd.it/f9l9izmnpee71.png?width=738&format=png&auto=webp&s=8f99d9ab4e5a30fd00aaa3b44536c92d8097ea24)
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- Gherkinit
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Edit 5 3:14
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Chopping along under VWAP head and shoulders might drag us back down to 158 again.
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[](https://preview.redd.it/tbgb1ekcgee71.png?width=1573&format=png&auto=webp&s=cd3ee6d2e248cbddbcfd959ead087d10545784a0)
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Edit 4 1:51
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Bounced on 158 but still low volume weak uptrend ramp is at 170
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[](https://preview.redd.it/sim8hrcq1ee71.png?width=1596&format=png&auto=webp&s=5ec58b5480438288c96a07f674d8758cd6c70d7c)
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Edit 3 11:53
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Broke to the upside but met a little resistance at 162.50 volume was super low on that run up
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[](https://preview.redd.it/f7omuh4ogde71.png?width=1567&format=png&auto=webp&s=461d1aac83a22b5f7797c2c6c120b10e41136e68)
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Edit 2 11:33
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Descending wedge on the 1m. We have support @ 160/158/157
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[](https://preview.redd.it/voaf5lu4dde71.png?width=1550&format=png&auto=webp&s=623354924f83e38d89debf89bbee1a29233493a9)
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Edit 1 10:45
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Sorry for the delay I had to manage positions. GME Chopping between resistance and support at 162.5 on 600k volume no major action in either direction so far.
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[](https://preview.redd.it/mn3gg5u44de71.png?width=1556&format=png&auto=webp&s=a91d873596fd24be0ac6b7f02e4fc3b94018d165)
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Pre-Market Analysis
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Currently sitting on 10k shares to borrow those 190k of the 200k available were borrowed between 7:00-7:15am. There is a possible gap fill back to $168 volume is around 10k however so price action at opening will be hard to predict. We can be moved significantly up on very low volume.
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[](https://preview.redd.it/xf2fixlhhce71.png?width=1563&format=png&auto=webp&s=76f6d83a0fec0cc4b67131132afa385d86bc438c)
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This is a quick look at where our long term TA stands currently. The bounce off the trendline Wednesday was shorted pretty hard as that combined with the positive news of S&P 400 inclusion could have been a small catalyst. Remember the SHFs need to keep the price below that Gamma ramp, so they are literally being squeezed downward right now. We have significant increase in retail liquidity at 162 as this is the lower range of the majority of apes cost average. I overlaid the price action from 4/21-5/17 to give a better idea of what happened before the last run up and expected range of movement. We are currently on the upper support trend we will either bounce or drop to the lower support @$150.
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[](https://preview.redd.it/r5qhk1ebhce71.png?width=2456&format=png&auto=webp&s=6f71c1da4a0b3e6fb5390485693a8620fdda87e1)
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TA on the 1D
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Disclaimer
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** 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.*
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**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.*
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**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.*
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* *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/)
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