TradingDayMan

Alternative outcome of the current GME scenario - SHORT - $GME

Short
NYSE:GME   GAMESTOP CORPORATION
NYSE:GME

Hey Guys,

I wanted to provide an alternative view of what could be possible with GME at this time. I think overall, up is likely, but as time goes on, i think a retreat to the $122 range is looking realistic. Equally, if it does retreat to $122, and the support holds, i'd by very confident of a sharp move upwards towards to the 300's. That being said, i'd also expect this to occur in April, perhaps week commencing 5/4/21.

I feel the rejection from the top purple resistance bar combined with the firm rejection we saw today, that a short term down is a distinct possibility.

Many Thanks,

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