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FrankieNeedles
Feb 2, 2021 2:34 AM

$GME - New Short Position - 3:1 R/R Short

GameStop CorporationNYSE

Description

I believe the party is officially over for Gamestop.....and the WSB crowd.

Volume drying up, below several key EMAs, and a boatload of bearish fundamental catalysts. $215.00 is the support to watch for a break below - sellers will pile on if we lose this level.

We are short MOC at $225 on 02/01/2021 with a target of $113.50 and stop-loss of $262.00 for a 3:1 risk-reward ratio.

Feel free to comment and share your thoughts!
Comments
nickc2122
What do you mean 215 is it's support? It already fell below 215.
HabitualLineStepper_
@nickc2122, maybe it was still there when he drafted the idea - his target is 113 now.
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