The Short Squeeze Is NOT Over Yet! - GME Stock Price Prediction - GME Stock Analysis

hello everyone welcome back to unde radar talks GameStop stock fell 1.2% on Tuesday and the closing price did not fall much because the stock opened much higher why is this the case because there is a lot of locked in funds waiting to sell above $24 short squeezes to this area will inevitably encounter great resistance so it is not surprising that the stock price fell after Rising but this does not mean that this wave of short squeezes has end ended at least for now Bulls may still Counterattack again data shows that the daily Short Selling ratio of the stock was 14.7% on August 30th and this ratio dropped to 133% on September 3rd the slight decline in the daily Short Selling ratio reflects that the bearish sentiment of the stock has not increased there was a lot of trading at the $23.40 level on August 30th but the closing price of the stock on September 3rd has fallen below this position but the deviation is not much this may be due to the overall poor performance of the stock market on Tuesday which led to panic selling of the stock but the Bulls of the stock seemed to try to block the Bears so the stock price did not fall too much let's take a look at the 15-minute chart of the stock we can see that the stock price Rose sharply to $24.60 in the morning of September 3rd and then began to fall this closing price stayed on the right shoulder of the stock because there was a large volume from the left shoulder of the stock the stock price was briefly supported at $23.1 as mentioned earlier it did not deviate Too Much from the position of $23.40 we also saw that the Bulls tried to block the Bears in segments during the trading session on September 3rd which resulted in a relatively uniform distribution of trading volume in the remaining time periods except for the 15 minutes before the opening of the day this is actually a positive signal reflecting that the Bulls may have adopted a passive strategy of taking over chips let's take a look at the capital flow data of the stock we can see that the stock had a net inflow of capital from August 29th to 30th which reflects that a large amount of capital has recently entered the market and promoted the rebound of the stock stock price however the overall Market situation is relatively negative and the resistance above $24 is too large so the short squeeze action is difficult to continue the net outflow of capital for the stock on September 3rd was as high is $18.9 million but this may not reflect the true situation of the capital flow of the stock based on the stock price trend on that day I think part of these funds are reverse entry funds because there was no concentrated selling in the market on that day let's take a look at the market position distribution data of the stock through the current position distribution data of the stock we can understand why the resistance above $24 is very large because there are too many locked in funds before even though the stock price has been running below $22.40 for most of August the positions Above This price have not moved down much which can also be seen from the daily trading volume of the stock so this short squeeze is doomed to fail but we also see that the stock has accumulated a lot of positions at the $22.40 level after several days of consolidation so this position should become a support after the stock price pulls back of course if the stock price completely Falls below this position it also marks that this short squeeze has completely failed but it is too early to draw conclusions now I think the Bulls will short squeeze again so I set the Target price range at $22.40 to $23.40 okay guys this is my price prediction for GameStop stock thank you for watching if you like my analysis please click the subscription button and give a thumbs up I will bring you more latest price predictions for hot stocks later see you in the next video