Hi everyone,
In my previous analyses, I anticipated a potential price drop that could form a double bottom pattern if GameStop earnings weren't great. Recently, GameStop's stock failed to surpass a crucial weekly indicator, leading to a sharp decline. Moving forward, if the stock rebounds, I'll be monitoring its response to the first resistance level; breaching that could signal a push towards significant resistance on the daily and weekly charts.
Will update here if something exciting happens. Maybe insider buying in the next 2 weeks?
In my previous analyses, I anticipated a potential price drop that could form a double bottom pattern if GameStop earnings weren't great. Recently, GameStop's stock failed to surpass a crucial weekly indicator, leading to a sharp decline. Moving forward, if the stock rebounds, I'll be monitoring its response to the first resistance level; breaching that could signal a push towards significant resistance on the daily and weekly charts.
Will update here if something exciting happens. Maybe insider buying in the next 2 weeks?
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