GME CAN BOUNCE FROM CURRENT PRICE FOR 50% GROWTH GME has almost broken falling channel and ready to bounce from current price in this coming weekend, long setup can be taken with 10% Stoploss as given here on the chart.
GME
Pump could start again in GME!According to the previous swings cycle, we can observe that the pump could start again in GME.
GME stock price had broken the longer duration uptrend line and the confirmation for the downfall will be after breaking the demand zone to the downside. The demand zone being 25 USD deep and the results due may be a game to be observed.
For the bullishness, the stock must cross the 195 price mark and sustain above it. However, until 195 we could see a bounce from the demand zone. Stoploss according to the swings will be too high. For example, from the top of the demand zone to the bottom of it will be 18%.
So trade with absolute caution.
This is not investment advice. Please consult your financial adviser before investing. Thank you.
Live Challenging NYSE Stock Market Analysis Buy GME @ 185.00
Live Challenging NYSE Stock Market Analysis Buy GME @ 185.00
Target @ 349.75
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AMC Long Idea Cup and Handle with Fib RetracementsAMC Consolidation on lower time frames has developed a nice Cup and handle Pattern on the Daily Chart. Looking to hold above the 0.5 for confirmation to see the 0.618 @ $13.31. Lots of options to keep an eye on this coming week with the sentiment leaning bullish. There is also news of Los Angeles AMC theaters opening Monday 3/15/2021, which can give AMC a push higher. AMC beyond the noise has risen a 100% in price within the last 30 day period. I would be looking for volume and price action Monday with a push higher. Dips will come but the potential long idea looks good. DD is important but not always factual. Please do not take this as trading advice, just my analysis based on chart pattern. Thank You and all feed back is welcome!
