We are currently on the handle of a big Cup and Handle pattern being formed on GME. The company is at the beginning of the new game console cycle, and GME had implemented positive changes and also increased it's digital revenues a lot (800% last earning call), we are heading to a massive price spike up driven also by one of the biggest short squeeze potential in history with a short float interest around 160%, and 7 days to cover for the shorts. Recent MSFT digital sharing agreement and possible agreement with Sony already in place are improving GME revenues and placing the company ahead of other retailers that are selling games. Also, there is another big catalyst as Rhyan Cohen wonder guy billionaire is getting actively involved with management and implementing some of his genius insights to turn around this company to the new digital gaming ecosphere.
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Disclaimer
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.