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GoranTrader
Aug 21, 2018 3:33 AM

Possible Trade on GME? What do you guys think? 

GameStop CorporationNYSE

Description

GME broke out of a beautiful symmetrical triangle. I can buy on the break above the upper supply area. However, it has recently been downgraded to a zacks rank of 4 (sell). There is however a possibility of a buy out which would result in significant move to the upside. Also, zacks analysts do not expect GME to meet earnings estimates which is not too far away. I will go long in my paper trading account to learn from such a situation.

Trade active

Went long today on the breakout in the morning

Trade closed: target reached

exited at 16.86 might re-enter on pull back
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