Prediction
$GameStop (GME.US)$ If the market responds kindly after earnings expect a moving high around 31-32 dollars then dropping to a 23 low end of week. Plan accordingly.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
103527567 : anything could happen. it could drop to 22 tomorrow on open. after 30 expect constant retracements and it going down back to 21-24
103527567 : doesn't mean I'm selling shares tho. I'm holding for the long run
Dolla Diver OP 103527567 : I'm bullish on gme but "anything could happen" are not the current technical signs. If the market responds negatively expect this to be beaten down to 18s.
Ken Griffin Charity : 31-32? Have you seen the price movement after every earnings report in the past 3 years? Even in the rare instances where GME has beaten estimates, we’ve never seen more than a 10% gain. The 20%+ movement you’re looking at will have to come from some meme tweet instead.
Dolla Diver OP Ken Griffin Charity : There is a bearish harmonic structure at 31.7 so it has the potential to climb to that high if we see an FU move. Then an indicator signal back down to 23.20.
Ken Griffin Charity Dolla Diver OP : I see very little value in TA, even less so when it comes to meme stocks, but hey if you wanna bet on that harmonic structure feel free to load up on those 31Cs. But something tells me in the years of watching these meme stocks, that’s not going to happen.
AdamH80 : GME needs to drop some good news in the direction of the company or nothing’s happening
Ken Griffin Charity : And this is why serious investors give very little credence to TA.