GME is Dying! Sell It While You Still Can! - Monday Analysis
GME (GameStop)
Support at 3 because it is the nearest whole number support! Whole numbers will act as psychological price levels.
Resistance at 4.7 because of previous support and resistance.
Price action is looking to be trading into an area of tight consolidation until it hits the upper down trend line and sell off just like the first time. History repeats itself.
Looking for a bounce into the resistance/down trend line at 4.30 then see a move down to 3 or lower.
Predicting that GameStop start selling off in the next couple of weeks as it jams against this downtrend line and sells start to plummet because of the rise of internet sales and market weakness with the China trade wars.
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Support at 3 because it is the nearest whole number support! Whole numbers will act as psychological price levels.
Resistance at 4.7 because of previous support and resistance.
Price action is looking to be trading into an area of tight consolidation until it hits the upper down trend line and sell off just like the first time. History repeats itself.
Looking for a bounce into the resistance/down trend line at 4.30 then see a move down to 3 or lower.
Predicting that GameStop start selling off in the next couple of weeks as it jams against this downtrend line and sells start to plummet because of the rise of internet sales and market weakness with the China trade wars.
To learn more and follow along, please
1. Give me a like and follow on here
2. Follow me on Instagram
3. Follow me on Youtube