Buy or Sell GameStop on Earnings? Here's the Level It Must Hold

The Street2021-06-11

GameStop is falling on earnings but it's got one notable support level to hold. Let's look at the charts to plot the roadmap. The volatility in GameStop (GME) -Get Report remains high, with shares ...

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Comments

Xinhui26
2021-06-12
Xinhui26
Stop the meme
gupzbajaj
2021-06-12
gupzbajaj
Whats the highest this will reach in 3 months ?
pinkadotted
2021-06-12
pinkadotted
hold!
Hcee
2021-06-11
Hcee
Ape buy more
WtfLime
2021-06-11
WtfLime
Like and comment
- RAY6377:
  HODL
Squ00
2021-06-11
Squ00
Comment

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Here's the Level It Must Hold\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-11 19:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/gamestop-gme-stock-earnings-meme-stocks-trading><strong>The Street</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GameStop is falling on earnings but it's got one notable support level to hold. Let's look at the charts to plot the roadmap.\n\nThe volatility in GameStop (GME) -Get Report remains high, with shares ...</p>\n\n<a href=\"https://www.thestreet.com/investing/gamestop-gme-stock-earnings-meme-stocks-trading\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GME","symbol_name":"游戏驿站","start_time":0,"source_url":"https://www.thestreet.com/investing/gamestop-gme-stock-earnings-meme-stocks-trading","article_id":"1193032104","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1193032104","pubTimestamp":1623411332,"sourceInfo":{"source_id":"lsy1610613172068","name":"The Street"},"weMediaInfo":null,"summary":"GameStop is falling on earnings but it's got one notable support level to hold. 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One could argue that the crown belongs to AMC Entertainment (AMC) -Get Report, while awhole host of new stockshas been thrown into the mix.\nGameStop stock has been jumping around a lot lately, but apparently the quarterly report isn’t doing much to spark a squeeze higher.\nThe company reported a loss for the quarter,while a looming Securities and Exchange Commission probehas investors opting for a conservative stance rather than an aggressive one.\nWhat do the charts look like after the post-earnings fade? Let’s look.\nTrading GameStop\nIn late May and early June, GameStop stock traded up to the $280 to $300 zone. That was after a breakout over the $210 to $215 area.\nHowever, this zone continued to act as resistance, just as it did back in March. While GameStop was able to break out over $300, it didn’t do so in a convincing fashion.\nBy that, I mean its rallies into the mid-$350s were unable to last throughout either Tuesday or Wednesday’s trading sessions. 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