additionally, this stock is trading at a much decreased relative volume headed into jaded earnings estimates, its MACD is trending upwards into earnings date, and the RSI looks to have stabilized more than post partum mother on beta blockers, red wine and Xanax.
I have circled some price targets that should hit in accordance to their dates and it is technically trading into a channel and its also deciding if its going to be a triple top or a double bottom if you zoom further out,, a break to the positive side has so many stacked catalyst that it will speed GME from 5.50 to 7.00 in less than a weeks time once the ball gets rolling.
Worst case scenario, it fails the channel, earnings suck as bad as estimates think they do, and GME has to wait til Q2 and Q3 to post a nice profit on some Console war action and climb back to 9 before Xmas.. I like the odds. going HEAVY here.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.