In the early days, there was an attempt of MOASS in early 2021 (off the chart) which ended in late January at a little over 100. That is the other point of the 2 trendlines that go off of the chart. Let's call these two the upper and the lower. The lower trend line follows the decline of GME through the rest of 2021, 2022, 2023 and the start of 2024 until when it breaks it early May, when I made this post: https://greatawakening.win/p/17t1fQlmi5/gme-broke-a-3-year-trendline-tod
That didn't end up in MOASS but it did triple it's value in a few days. It stopped mid May at a point close to 70 & then retreated. That point is the other point in my upper trendline & it's also the 1st point in my next 2 trendlines call them A and B. 'A' follows the decline of GME from mid May on. That trendline was broken in mid August and didn't do much, it just meander a little up & down, never going below the early August low and I formed trendline B from the highest point of this meandering (because I knew that since trendline 'A' was broken something will eventually happen.) After this meandering peak it gapped down a week or so ago around September 11. Just yesterday it went up, 1/2 way into that 9/11 gap. (see the little red squiggle I put in) There is an old Maxim in technical analysis that says: "gaps are filled" In other words. if there is a gap in the trading price on a particular day (or at open) and it stays out of that range for the rest of the day or week or month or whatever, that, if & when the price should come back to that point then, if it goes into the gap at all, it will fill the entire gap.
IF this is true then, then when that gap is filled it will cross trendline B! Furthermore, trendline A crossed the lower line yesterday or the day before adding more credibility to this. What this means could be 1) MOASS, 2) it gets close to the upper trendline & retreats or 3) it does a 2nd meandering & we can make a trendline C. I do have some GME already DRS as I'm sure many of you do, but I still might play with some more if I can get in at less than 25 early Monday morning. If it shoots up to 60 and then stops, maybe sell 1/2 of it (in case it's only scenario 2 & so selling 1/2 would get back your initial investment) If it slowly meanders up to 30 something, then it might be scenario 3 so maybe sell 2/3rs of it (whatever you need to get back what you put in) Then at some point you might want to DRS these extra shares.
If it does cross the upper trend line then, yes it could MOASS (or it could maybe form yet another trendline above that) I would suggest selling enough to get your initial investment back & then DRS the rest right away since, if this is really the start of MOASS many brokerage house might go out but that will most likely take a few days (at least) to settle out.
In the early days, there was an attempt of MOASS in early 2021 (off the chart) which ended in late January at a little over 100. That is the other point of the 2 trendlines that go off of the chart. Let's call these two the upper and the lower. The lower trend line follows the decline of GME through the rest of 2021, 2022, 2023 and the start of 2024 until when it breaks it early May, when I made this post: https://greatawakening.win/p/17t1fQlmi5/gme-broke-a-3-year-trendline-tod
That didn't end up in MOASS but it did triple it's value in a few days. It stopped mid May at a point close to 70 & then retreated. That point is the other point in my upper trendline & it's also the 1st point in my next 2 trendlines call them A and B. 'A' follows the decline of GME from mid May on. That trendline was broken in mid August and didn't do much, it just meander a little up & down, never going below the early August low and I formed trendline B from the highest point of this meandering (because I knew that since trendline 'A' was broken something will eventually happen.) After this meandering peak it gapped down a week or so ago around September 11. Just yesterday it went up, 1/2 way into that 9/11 gap. (see the little red squiggle I put in) There is an old Maxim in technical analysis that says: "gaps are filled" In other words. if there is a gap in the trading price on a particular day (or at open) and it stays out of that range for the rest of the day or week or month or whatever, that, if & when the price should come back to that point then, if it goes into the gap at all, it will fill the entire gap.
IF this is true then, then when that gap is filled it will cross trendline B! Furthermore, trendline A crossed the lower line yesterday or the day before adding more credibility to this. What this means could be 1) MOASS, 2) it gets close to the upper trendline & retreats or 3) it does a 2nd meandering & we can make a trendline C. I do have some GME already DRS as I'm sure many of you do, but I still might play with some more if I can get in at less than 25 early Monday morning. If it shoots up to 60 and then stops, maybe sell 1/2 of it (in case it's only scenario 2 & so selling 1/2 would get back your initial investment) If it slowly meanders up to 30 something, then it might be scenario 3 so maybe sell 2/3rs of it (whatever you need to get back what you put in) Then at some point you might want to DRS these extra shares.
If it does cross the upper trend line then, yes it could MOASS (or it could maybe form yet another trendline above that) I would suggest selling enough to get your initial investment back & then DRS the rest right away since, if this is really the start of MOASS many brokerage house might go out but that will most likely take a few days (at least) to settle out.
BTW it might might even gap up a lot over the weekend, in that case, maybe just watch
How would we tell? The German market?