GME (Gamestop Corp.) has triggered the sell signal of a break below the minor uptrend line on the 5-minute chart as per yesterday’s post. The next sell signal will come on a solid break below 250 with the first target price target still at the intersecting secondary uptrend line & 147ish support (slightly revised from the 145.88 support listed on yesterday’s chart). Previous & updated 5-minute charts below with the after-hours & pre-market session trades in the shaded areas.
GME 5-min Jan 27th
GME 5-min Jan 28th
FYI- Just as the regular session opened, I tried to add to an existing short position & received a message from my broker that only closing trades are allowed on GME. Not sure how long that will be the case or if that is limited to Interactive Brokers but if it is an exchange initiated policy, that should help the case for existing shorts as the Reddit crowd (and others) can no longer buy the stock, only sell.