Long a company destined to die, from here to $3.60ish , 10-12 month plan, why? Lifelong support, and in anticipation of the next generation of consoles. One more pump then bust.
GameStop was downgraded to Junk at $46 a bankrupt business model since then THE PERFECT DOWNTREND - IMPOSSIBLE TO LOSE MONEY!
SFP on the monthly / chance of generational bottom Level to level / Long your Longs
NYSE:GME is hovering near all time lows. While this may look like a savory opportunity to buy in cheap, I urge you to be very careful here. There is not an established case for there to be strong support here at this price. I would recommend waiting for some type of accumulation range to set up before jumping in. Be very cautious, and be confident in this...
Look, the truth is no one buys games from Gamestop anymore like we use to. We can easily download games via our console or we go to stores like Best Buy, use Amazon or buy used games or consoles through Craigslist or Facebook Market. There is nothing special about Gamestop, anyone can do what they do. What they should focus on is selling classic old vintage games....
GME has been beaten down most of the year. It's great to see positive news but unfortunate that they had to do fat trimming at the expense of employees. Either way, the news that Michael Burry is invested hasn't hurt (yet). We'll have to see if it has a lasting impact still. Overall, the chart looks interesting. Video game retailer GameStop Corp. (GME Stock...
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...
The last EIGHT times GME tagged the 3.2 standard deviation of the 50 band on the daily, it reversed 15 to 35% every time. The profit ratio is fantastic.
GameStop has been fighting a losing battle for a while now - I am adding a short position here (My target is $20) due to the fact that it has once again dropped below the 9 day MA, it made a retest of the 50 day MA and failed, and of course it is well below the 200 day MA. Additionally, the RSI has dropped below the 50 zone, the stochastic has downward momentum...
Technically Speaking Currently, price is trading near the 2015 low prints around 25ish. For now, the main levels to watch are the 25 level on the downside and the pivot area noted on the chart. As noted on the chart, if I were long or looking to get long, my get out price would be under 20.00 Fundamentals Summary of GameStop's business. Here is a good ...
Shares of GameStop Corp fell 10.6% Friday after the specialty gaming retailer announced weaker-than-expected fiscal second-quarter 2016 results. I'm expecting more downside, possible targets on chart.
Gamestop testing double bottom weekly pattern. Earnings surprise could complete pattern. Momentum building.
Fundamentally this company is looking quite grim. As an avid gamer, i know (as do most) the future is digital downloads. There is no reason for a company like this to be the "middle man". As much as I like owning a physical copy of the games, I'm a minority. Most people are lazy and want gaming on demand. Its like vinyl records. Gamestop is quite reminiscent of...