Potential for a new Bull run for "GME"

Wait 5 sec.

Potential for a new Bull run for "GME"GameStop CorporationBATS:GMEfirasmafGME has closed above the purple line in my Trend Following Indicator (it is 30 weeks EMA). This is a sign for a possibility of uptrend (possibility to start Stage 2 "Clamping stage"). However, there is still gap in 23.17$. Therefore, if you want to apply trend following strategy, you may buy at break out (25.44) and make sure to set stop loss at least (three times ATR (20)) at 22.6$ below the gap. The risk in this trade should not exceed 2% of your total capital. The second principle in trend following strategy is to add to the winners. You can Pyramid one quarter of your initial position with each half ART rise in price (maximum four times). By doing so, you will maintain the risk on capital with 2% and pyramiding risk will be subjected on the profit only. The main goal for trend following strategy is to ride a big move. Thus, if stop loss is hit, repeat the process again till you catch the move. Therefore, position sizing and risk management is a key in trend following strategy. All this calculation is available in my indicator Trend Following System-1. This is not a financial advice. it is just an education of Richard Dennis who invested 1,600$ and gain profit more than 200 million dollars by applying Trend Following Strategy.