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Pyrat82
Feb 10, 2022 11:53 AM

GME Outlook Long

GameStop CorporationNYSE

Description

Hello again, still watching the monthly and weekly charts on GME. It's possible we have a new bull run in the next few weeks, but i believe we still have more downside. Institutions still are not buying and there has been no major increase in volume. Follow the money and think like a whale. With that in mind i believe we will still see $50 range and see some form of accumulation phase similar to what we saw before the previous bull run. Hard to say if it will squeeze again, if at all. However the company really does look to making progress towards becoming a great tech company with all the new hires, msft deal possible, and nft marketplace.

Comment

well TV keeps destroying charts with the pattern glitch. but ill leave this up anyway.
Comments
treytoyota83
Hi, I remember reading one of your posts from early 2022 saying you thought GME needed to consolidate for another year or so before another big move. The cyclical nature of the stock and volatility has diminished since the split; what are your thoughts currently?
Pyrat82
@treytoyota83, been a while since i looked at this. I will take a look and maybe post a update.
treytoyota83
@Pyrat82, thank you !
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