After 12 negative candles during the latest 16 days, the weak hands have been getting shaken out. During the last three trading days, GAME shares have shown their first significant upward momentum, ending on Friday with a very bullish candle (whereby the shares gapped up, and then closed at their high for the day).
Wednesday’s trading may have marked the absolute bottom for the shares, where it formed the second day of a three day set-up, which formed the very bullish Morning Star Pattern. While trading volumes are low for shares of GAME, which should reduce your reliance on any TA patterns, the shift to a bullish bias is unmistakeable.
Wednesday’s trading may have marked the absolute bottom for the shares, where it formed the second day of a three day set-up, which formed the very bullish Morning Star Pattern. While trading volumes are low for shares of GAME, which should reduce your reliance on any TA patterns, the shift to a bullish bias is unmistakeable.