Gamestop is on a corrective course of action and while the dominant trend is still bearish, we believe that Gamestop will be making new high based on the technicals
First, the price has broken out of the falling wedge and price has clearly rebounded and closed above 61.8% retracement twice.
Secondly, there is a larger inverted head and shoulder formation.
Should price fails to clear above 5.00, then we will be looking at the next support/buying zone to long the stock again.
First, the price has broken out of the falling wedge and price has clearly rebounded and closed above 61.8% retracement twice.
Secondly, there is a larger inverted head and shoulder formation.
Should price fails to clear above 5.00, then we will be looking at the next support/buying zone to long the stock again.
Trade active:
Hit my TP 1. Gonna close half of my stock holdings and shift my SL