GME BREAKOUT SHORT SQUEEZE!
Technical ::
-Bullish Diamond pattern detected
-97.60% short float (High chance of short squeeze)
-MACD crossover
Fundamental ::
-XBOX & Playstation release this year (history of stock riling upwards on console cycles)
-Directors vote on the 12th
-Recently just sold company jet to pocket some money
-June 11th PS5 announcements
Personal Opinion ::
GameStop can always transition over to online sales close a few of their stores & keep a few major one's open & cut cost to save money.
Personally I think it is extremely undervalued.
-Bullish Diamond pattern detected
-97.60% short float (High chance of short squeeze)
-MACD crossover
Fundamental ::
-XBOX & Playstation release this year (history of stock riling upwards on console cycles)
-Directors vote on the 12th
-Recently just sold company jet to pocket some money
-June 11th PS5 announcements
Personal Opinion ::
GameStop can always transition over to online sales close a few of their stores & keep a few major one's open & cut cost to save money.
Personally I think it is extremely undervalued.
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