Apr. 3 at 7:33 AM
$GMEX 1. The Overnight Analysis
The jump to
$0.55 represents a 9% move from yesterday's close (
$0.5050).
- Short Covering: This isn't retail buying; this is the (( "Bch MMs" covering their overnight risk. )) They don't want to start Friday morning trapped if a PR drops.
- Psychological Shift: By gapping over
$0.50, they have turned yesterday's "Resistance" back into "Support."