Long term I'm still not totally sold on GameStop's fundamentals. However, this is looking very oversold on news that it's smartphone sales/replacements did not do nearly as well as they though. Other news was fairly positive, however.
If this stock approaches $16 I would expect substantial support, and should that happen, MACD lines should confirm a bullish trend.
If this stock approaches $16 I would expect substantial support, and should that happen, MACD lines should confirm a bullish trend.
Trade active:
Trade active at entry price of $16.50 off of the $16 support. Bonus news of new veteran CEO.