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  • Gamestop Corp. (GME) demonstrated a rare sharp bullish reversal pattern known as the “Reverse Nike Swoosh” after the stock increased 60% earlier today (no that isn’t a real chart pattern):
  • For those that are not familiar with the term, a short squeeze happens when the price of a stock increases quickly and significantly which forces traders who bet that the price would fall to buy it in order to avoid massive losses.
  • Gamestop is also one of the most popular stocks on the wallstreetbets forum on Reddit right now, and some posts including this one which was created over a week ago, suggest that short-sellers may have been manipulating the price of the stock.