Hello Apes, GME has seen a persistent decline since Nov 2021, breaking key lows on the way down into a discount market. Jan 2021 put an end to the slide with price finding support at 86.00 price level. The recent move higher took out the short term high with a pullback setting up toward support at around 110.00 price level. I see GME recover some of it's value with a target of 160.00-170.00 as a reasonable objective.
Comment:
GME touches support at 110.00 level. Will it now go up or will the price continue to slide considering the overall bearish equity markets.
Comment:
Feb 24 - Price enters support, a good place for entry. Does the stock have legs to run higher? Only time will tell.
Trade closed: stop reached:
Trade closed out. GME continues to the downside.