Bravo GME!
The skeptic in me says that the pre-market breach of the upper red trend line will be short-lived, and that the stock will break back into the megaphone next week or the week afterward. I will be buying the stock on pullbacks this week, and looking for opportunities to buy bearish put spreads. Manage your size, and don't wager what you can't afford to lose.
The skeptic in me says that the pre-market breach of the upper red trend line will be short-lived, and that the stock will break back into the megaphone next week or the week afterward. I will be buying the stock on pullbacks this week, and looking for opportunities to buy bearish put spreads. Manage your size, and don't wager what you can't afford to lose.
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Stock retested the red resistance level in today's Feb 25 session, and has bounced. Expect a retest today or tomorrow.
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Now beneath trend.
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GME is still bumping around below the red resistance trend line!