Asset Summary: GameStop Corporation (GME)
Currency Pair: USD
Trading Venue: NYSE
Overview:
GameStop (GME) is entering a series of distribution phases characterised by short-term rallies followed by significant price retracements. The asset has repeatedly failed to hold gains at key resistance levels, signalling weakening buyer momentum and setting up further downside pressure. The following projection outlines expected distribution points and subsequent retracement targets.
Projected Distribution Phases & Key Levels:
Trade 1:
Distribution Levels: $32.77 → $33.24
Expected Decline Target: $23.98
Trade 2:
Distribution Levels: $37.35 → $37.67
Expected Decline Target: $29.96
Trade 3 (Final Phase):
Distribution Level: $41.13
Distribution Phase Failure: Inability to hold prior resistance confirms bearish reversal.
Expected Decline Target: $20.80
Key Distribution Levels Summary:
• Level 1: $32.77
• Level 2: $33.24
• Level 3: $37.35
• Level 4: $37.67
• Level 5: $41.13
Conclusion:
GME is undergoing a classic distribution pattern, with each rally failing at increasingly higher resistance points followed by deeper corrections. If price action aligns with these forecasts, a breakdown toward $20.80 is highly probable after the final distribution at $41.13.
Disclaimer: The following forecast is derived from a proprietary, hand-crafted mathematical model developed independently over several years. It does not rely on traditional indicators, technical patterns, or third-party frameworks such as Elliott Wave Theory.
This model calculates price action based on distribution phases, economic timing cycles, and natural market imbalances.
Currency Pair: USD
Trading Venue: NYSE
Overview:
GameStop (GME) is entering a series of distribution phases characterised by short-term rallies followed by significant price retracements. The asset has repeatedly failed to hold gains at key resistance levels, signalling weakening buyer momentum and setting up further downside pressure. The following projection outlines expected distribution points and subsequent retracement targets.
Projected Distribution Phases & Key Levels:
Trade 1:
Distribution Levels: $32.77 → $33.24
Expected Decline Target: $23.98
Trade 2:
Distribution Levels: $37.35 → $37.67
Expected Decline Target: $29.96
Trade 3 (Final Phase):
Distribution Level: $41.13
Distribution Phase Failure: Inability to hold prior resistance confirms bearish reversal.
Expected Decline Target: $20.80
Key Distribution Levels Summary:
• Level 1: $32.77
• Level 2: $33.24
• Level 3: $37.35
• Level 4: $37.67
• Level 5: $41.13
Conclusion:
GME is undergoing a classic distribution pattern, with each rally failing at increasingly higher resistance points followed by deeper corrections. If price action aligns with these forecasts, a breakdown toward $20.80 is highly probable after the final distribution at $41.13.
Disclaimer: The following forecast is derived from a proprietary, hand-crafted mathematical model developed independently over several years. It does not rely on traditional indicators, technical patterns, or third-party frameworks such as Elliott Wave Theory.
This model calculates price action based on distribution phases, economic timing cycles, and natural market imbalances.
Institutional Note:
For institutional review, independent verification, or strategic collaboration:
institutions@bmoses.com.au
For institutional review, independent verification, or strategic collaboration:
institutions@bmoses.com.au
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.
Institutional Note:
For institutional review, independent verification, or strategic collaboration:
institutions@bmoses.com.au
For institutional review, independent verification, or strategic collaboration:
institutions@bmoses.com.au
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.