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VantageMarkets
May 12, 2022 11:30 AM

GME: More bleeding expected!! Short

GameStop CorporationNYSE

Description

GameStop

Short Term - We look to Sell at 91.90 (stop at 108.16)

The primary trend remains bearish. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. Further downside is expected. Preferred trade is to sell into rallies.

Our profit targets will be 57.10 and 40.00

Resistance: 92.00 / 94.00 / 96.00
Support: 81.00 / 79.00 / 77.00

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Comments
ashyboy123
Completely agree! from 60ish, it'll bounce up to the upside big time.
VantageMarkets
@ashyboy123, Yes 60 is a good level, if it breaks that then definitely 40.
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