120 is support

catandbull
2021-07-22

assumption is as long as the stock holds $130, there is more upside room for the stock and, if $130 fails in the near-term, there is still the $120 support level that implies an eventual move up to $150. A failure for the stock to get below these levels as the company implements its recently announced accelerated share repurchase program, is likely to force short covering, to push the stock closer to $150 sooner rather than later. $GameStop(GME)$

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Comments

  • Stonker
    2021-07-22
    Stonker
    185 is immediate support for the longest time ain't gonna break this level with the cup and handle i am seeing
  • Oklahomaneh
    2021-07-24
    Oklahomaneh
    GME has a VERY strong support at 180. There are multiple supports for a stock not just one and I wouldn’t spread 120 when it is strong at 180. To say support is at a lower price point smells fuD.
  • melontan
    2021-07-22
    melontan
    To the moon
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