The_Patterns_Guy

$GME #gameover #short #stock #KO

Short
NYSE:GME   GameStop

GME looks like it is tracking a slow death. Which is not good. I like this stock. I think it has a loyal customer base, but it missed the boat to digital gaming sales. I hope this one can turn around in 2018, but it might not. It might be the mini-Sears. It might slowly go the way of the dinosaur.

Weekly

MACD is flat. Stop RSI setting up for a down move. OBV trending down. We have an ugly channel with prior double tops. Not good.

Monthly

there is a giant double horn top on the monthly. The OBV looks terrible. Stoch RSI not that great. The macd looks like it might setup for something surprising.

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