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RF_Trading
Mar 5, 2024 2:00 PM

GME: Everything is possible  Long

GameStop CorporationNYSE

Description

Ok, this one is for the ones willing to take risks, but the chart is worth a look given the meme/shitcoin frenzy that is going on right now. I wouldn't be surprised to see the price potentially double by the end of this week. The chart suggests we might see some significant activity soon.
Comments
RF_Trading
The breakout appears to be confirmed, and to be honest, everything is aligning quite well. The SMA 100 and 50 are serving as support, and a rise to the 200 SMA, which is at 17.6, seems very likely. For a SL or invalidation point, setting it below 14 would be advisable.
danielkeady11
We think today us the right time to go in?
RF_Trading
@danielkeady11, Time will tell, but the set-up looks good to enter with a tight SL.
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