Meme Stock fever is back in 2026: A GME-style short squeeze?
By:TradingView
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Daily chart plotted in here, but the weekly is also worth a look.
Short interest as per Fintel is @ 31.70 % with 1.5 days to cover!
> Ichimoku cloud showing a breakout with 5 out 6 signals appearing.
> Oscillates are in bullish territory.
> PT: $2.71 - $3 level may act as a magnet on the way up.
> Resistance: found @ 1.18, 1.60, 1.90, 2.71, 3, 5.75. 7.50, and 10
> Support: found @ 0.87, 0.97, and mostly around $1
### Authors Notes ###
My method of TA relies on Fibonacci retracement and pivot zones, price action, smart money concepts, and wedge pattern. I have used other ancillary tools and indicators as well such as oscillators and MA's.
Daily chart plotted in here, but the weekly is also worth a look.
Short interest as per Fintel is @ 31.70 % with 1.5 days to cover!
> Ichimoku cloud showing a breakout with 5 out 6 signals appearing.
> Oscillates are in bullish territory.
> PT: $2.71 - $3 level may act as a magnet on the way up.
> Resistance: found @ 1.18, 1.60, 1.90, 2.71, 3, 5.75. 7.50, and 10
> Support: found @ 0.87, 0.97, and mostly around $1
### Authors Notes ###
My method of TA relies on Fibonacci retracement and pivot zones, price action, smart money concepts, and wedge pattern. I have used other ancillary tools and indicators as well such as oscillators and MA's.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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