13 KiB
ive Charting with Pickle Financial for GME 4/21/21
Author: u/gherkinit
Hey guys I just randomly decided to do this as u/WardenElite is taking a break, we'll see how it goes let me know if you like it and I can continue doing this while he is on hiatus.
I will delete previous images as the day progresses due to 20 image cap
Questions are welcome down in the comments
4:00 Edit 53
Closed at 158.34 down 0.12% on the day. Narrating sideways chop on no volume has not been easy. Thank you guys all for tuning in I hope I didn't disappoint I had some big shoes to fill here today. Also, a huge thanks for the awards and positivity. A lot of people have been asking about streaming I am considering it here is my YouTube link for now https://www.youtube.com/channel/UCYmgi8psSbIWiSR2tefHbug if you want. I will probably do this for a couple more days just to get a feel for it before I go live simultaneously. I think we may see a gap up in pre-market.
See you all tomorrow!
3:55 Edit 52
Look like we are gonna be closing at 158
3:51 Edit 51
So Close
3:36 Edit 50
GME and SPY running hot together interesting
3:22 Edit 49
Lost the battle for VWAP to the bears buy and sell volume are still crazy low let's see if we consolidate and push again
3:14 Edit 48
Broke out of the bear flag but volume is still awful this is probably our shot at ending up for the day
3:03 Edit 47
So unless we get some volume it looks like we will end the day somewhere in the 155-157 range
2:56 Edit 46
Volume coming in looks like we are gonna break that flag to the upside
2:45 Edit 45
Still trending downwards bear flags can keep traveling down till we settle at resistance. We still have no volume but power hour is coming up a decent push could set us up for a nice day tomorrow
Better picture for clarity
2:30 Edit 44
Looking for the bounce at 156.50
2:25 Edit 43
Trending downwards now nice bear flag forming, these tend to break up
New image for more clarity
2:20 Edit 42
Those rarely play out on the 1-minute , fortunately it looks like nobody is taking less than 157 for their shares, it also appears nobody want to buy GME for more than 157, at least right now
2:05 Edit 41
This is the cup let's see that handle
2:00 Edit 40
Just want break that sweet surface tension and get my tendies all gooey
1:52 Edit 39
How much can I talk about a stock that has 7 dollars of total range in a day?
Answer: A lot, I like this stock.
1:41 Edit 38
If this uptrend breaks expect them to push down pretty hard
1:37 Edit 37
You can see the bears really don't want us to break that resistance every time we move upward they are using more and more volume to keep the price down. It's ok they only have so much ammo.
1:31 Edit 36
Hopefully the breakout on this wedge puts the price above VWAP before power hour I know a lot of people with options expiring tomorrow wouldn't mind seeing a nice upswing today.
1:20 Edit 35
This could be the completion of that Head and Shoulders line at the bottom is resistance. Nobody is buying but apes sure as hell aren't selling
1:16 Edit 34
Breaking below on a little volume so we could see a dip to 156 or 152
1:00 Edit 33
We need a bit of volume on this bounce to crossover otherwise this is the new wedge I'm looking at
12:51 Edit 32
Possibly another dip buy, looks like a head and shoulders formed here
12:38 Edit 31
12:33 Edit 30
Even though the volume is low being above VWAP helps because the algorithmic /high frequency traders are more bullish above VWAP than below
12:30 Edit 29
Super technical breakdown of VWAP broke out the crayon for this
12:26 Edit 28
If VWAP turns from resistance to support that positions GME well for a power hour test of the 175 resistance
12:21 Edit 27
This midday volume uptick is good news, testing VWAP now
12:10 Edit 26
Pushing for that VWAP crossover sell wall got dropped...and it's back
12:07 Edit 25
A little better volume on these last 2 candles triangle break out occurred earlier than I expected
12:05 Edit 24
Updated triangle with possible breakout point
12:00 Edit 23
The only real sell wall is at 162 and it is minimal any amount of decent upward volume should push us through that resistance at VWAP. That little short attack has pushed us under that previous resistance I posted earlier so I will re-draw momentarily
11:55 Edit 22
For those talking about negative beta it really doesn't effect anything the S&P is mooning right now and we are pretty stagnant
11:46 Edit 21
Small volume spike on that dip I figure they want us trading in that lower channel
11:38 Edit 20
We will probably see a nice dip buy opportunity coming up if you looking for a coupon
11:26 Edit 19
Looks like we need to consolidate more might break out around the x
11:24 Edit 18
Testing VWAP again
11:20 Edit 17
This stock wants to move up so badly even with no volume look at it fighting the good fight
11:12 Edit 16
11:05 Edit 15
I wouldn't say broke out, maybe rolled of the top, either way it will be hard to break that VWAP resistance without some volume
11:00 Edit 14
That spike earlier moved us $5 on 438,389 volume we probably would be trading in that lower channel without it. Also I am using Heikin Ashi Candlesticks I prefer them for day trading.
10:55 Edit 13
10:50 Edit 12
Just realized my new biggest fear; this thing taking off while I'm doing this
10:45 Edit 11
Look at me reading the tea leaves
10:36 Edit 10
It would be nice to cross vwap and trade in the upper channel
Nice little intraday wedge on the 1min chart for you guys! Slightly downward could break up
10:30 Edit 9
Feel free to shoot me questions in chat I'll try to get to them
10:27 Edit 8
Dogi--Up--Dogi--Down Low Volume is lame
10:19 Edit 7
These are the channels I expect we will trade in Today breaking through the upper purple line could be interesting
Purple (162.50) Green (160) Yelllow(156.50) Red (152)
10:10 Edit 6
Market is recovering from that brief correction yesterday, it's strength should help us a bit
10:05 Edit 5
Never used this before but it looks like some way OTM calls came in and a few deep ITM puts
Lottery tickets and hedges? I really don't wanna pay for premium lol.
9:58 Edit 4
Iborrow shows there were 40k at open 5k were used at opening bell to suppress spikes?
The buy-in we saw might be these 315,000 shares returned borrow rate is still up at 1.1%
9:51 Edit 3
I don't have options sonar so my analysis of the options chain may be a little weaker for the AM I'll sign up now, still very low volume. RSI got blown out a bit on the one minute probably settle between 158.5 and 162.5 for the time being
9:50 Edit 2
IV is low, fire sale!
9:43 Edit 1
We are quickly approaching that Pokeball day warden was speaking of but here comes that 9:50 dip on no volume. Probably more sideways chop till volume picks up
This is for entertainment purposes only and does not constitute financial advice