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The original was posted on /r/Superstonk by /u/Deadpoolonwallstreet on 2025-01-23 18:37:48+00:00.

This is the latest TA on $GME, and there’s a lot to unpack here. Based on Fibonacci retracement levels and recent price action, it looks like we’re sitting at a critical juncture.

1. Current Levels: We’re hovering around $28.73, with strong support just below at the 0.382 level (~$27.45). That bounce off the support zone has been textbook, and the RSI is starting to show signs of recovery. Momentum is creeping in. 👀
2. The Path Ahead: The chart is hinting at a potential big move toward the 0.618 level (~$30.37) by Friday or Monday. If we break through this with volume, we’re talking about retesting the $32-$35 range next week. And let’s not ignore that juicy note up top—Jan 28-31 = $41.05. Could this be a prelude to the MOASS?
3. Pattern Formation: I see a potential inverse head-and-shoulders forming on the micro timeframes. Combine that with these trendlines, and we could be looking at a spring-loaded setup primed for takeoff. That spike projection into the high 30s is NOT far-fetched, especially if the volume kicks in. 🚀

TL;DR: $GME is setting up for what could be a monster move. Keep your eyes on $30.37 and $32 as key levels. If we smash through those, it’s banana time… The January 28-31 $41 target could be conservative if everything lines up. SO FAR SO GOOD

Not financial advice, but let’s GOOOOO!!! 🚀💎🙌

Correction:

This post is an update to my last two posts here:

Of course, this could turn out to be a big nothing burger, but I’m trading based on my fib levels, and it works for me. I just wanted to share it with the sub. If you like it, I’d appreciate an upvote. If not, then sorry about that…