CryptoFundManager

RDBX Redbox Entertainment the next GME GameStop ??

NASDAQ:RDBX   Redbox Entertainment Inc
I see the recent rally of RDBX , which is a self-service rent or purchase new-release DVDs and Blu-ray Discs, as a return to the meme stocks.

RDBX went from $2 to $11 in just 10 days.
If we consider only the technicals, then the stock should reverse from the Fibonacci 0.618 level, which is $6.36 to $12.70.
I`m not in this trade though, the valuation is too high for me, 300Mil. GME was way cheaper when the short squeeze started.

Looking forward to read your opinion about RDBX .

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