If we think GME will follow AMC's path, we likely will head lowe
I think Friday will be a crucial day to see if GME can bounce off the $45 support level that was set back in mid Jan. That is the final bullish case for GME to see if it can hold.
If it fails this $45 support level, I think it will follow VW's squeeze cycle and head for lower lows, with the next support level at around $20, which unfortunately aligns with Andrew Left's $20 call.
The market is searching for the fundamental value of GME, and have not found it yet amidst ton's of panic selling.
Hopefully we bounce at the $45 support or the bull case is dead for now...
My thoughts only, not financial advice.
If it fails this $45 support level, I think it will follow VW's squeeze cycle and head for lower lows, with the next support level at around $20, which unfortunately aligns with Andrew Left's $20 call.
The market is searching for the fundamental value of GME, and have not found it yet amidst ton's of panic selling.
Hopefully we bounce at the $45 support or the bull case is dead for now...
My thoughts only, not financial advice.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.