GME to the upside?
I think Gamestop has a chance to run this week based off a few key factors. Looking at RSI, GME was extremely oversold this week. Based off recent history, when GME has been oversold, it has had a good runs of crossing the 20MA and used it as support.
At the 9.39 price point, GME is grinding the lower half of the Bollinger Band, and could have opportunity to break out to the upside of ~11, if it breaks resistance at 9.78
At the 9.39 price point, GME is grinding the lower half of the Bollinger Band, and could have opportunity to break out to the upside of ~11, if it breaks resistance at 9.78
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.