GME correction continues. Based on my analysis, I expect a further correction in Gamestop's share price. The fair value of the company's stock is currently at 241.85 usd. The current uptrend is currently halted at this level. The bold red line is the level of the average of the price movements ending in a rising closing price over the past 14 days. Practice shows that this is an extremely strong level. Approached from below, it acts as a strong resistance level. Therefore, I am still waiting for a retest of this. I then expect a further descending wave sequence to build up as shown in the chart. With a target price in the middle of the area marked with yellow squares. This is none other than the accumulation area of the previous rising wave sequence. The target price for correction could be : 166.63 usd.
man you are very good in short trades , i have been watching your analysis for some time and i got it to say you nail the shorts more than the longs , good work
Imagine recommending someone short a stock as volatile as this. Charlatan.