Overview Usually I stay away from meme stocks but when opportunity knocks, I can't help but check the door. NYSE:GME appears to be gearing for a double bottom pattern which may see another spike in the share price back to $65. I haven't extensively researched the idea I'm about to present so please take it with healthy skepticism but in my few years of trading...
Parabolic analysis of GameStop, a fascinating chart in term of trend behaviors and algorithmic short-selling.
GameStop - Short Term - We look to Buy at 138.50 (stop at 125.95) Price action looks to be forming a bottom. As this corrective sequence continues we look to set longs on a dip at better risk/reward levels. Levels close to the 50% pullback level of 138.50 found buyers. Further upside is expected although we prefer to set longs at our bespoke support levels at...