Possible Trade on GME? What do you guys think?
Updated
GME broke out of a beautiful symmetrical triangle. I can buy on the break above the upper supply area. However, it has recently been downgraded to a zacks rank of 4 (sell). There is however a possibility of a buy out which would result in significant move to the upside. Also, zacks analysts do not expect GME to meet earnings estimates which is not too far away. I will go long in my paper trading account to learn from such a situation.
Trade active
Went long today on the breakout in the morningTrade closed: target reached
exited at 16.86 might re-enter on pull back
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