GameStop Corporation

GME Retesting Breakout

365
Simple chart, downward channel for GME has slightly broke out this week, retesting the top of the channel to see if this can act as support now. A daily close above this channel with continued volume would potentially mean a continuation of a breakout.

When breakouts from channels occur, we often see a retest of the breakout area which I refer to as "basing". See related idea for example of basing on a breakout.

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