HiTALK
07-16

$GameStop(GME)$ We've been consolidating for over a month now, and have just seen a bullish Break of Structure on the H4, signaling that this baby is ready to start moving again. The volumes haven't started picking up yet, so it may take a little more time....but this is where "smart traders" should be getting back into GME. Since we have had a few pushes up previously to the $40+ range, it won't take much at all for this to skyrocket back to those levels.

Time for a long position here at ~ $25-$27, with a HUGE Risk to Reward Ratio...5.5+. Stops should be just below $22, and targets are initially $49, then $65. Overall a ~$5 risk with a $22-$40 reward...I'm taking that trade all day every day!

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Comments

  • BraisingBull
    07-17
    BraisingBull

    Time for a long position here at ~ $25-$27, with a HUGE Risk to Reward Ratio...5.5+. Stops should be just below $22, and targets are initially $49, then $65. Overall a ~$5 risk with a $22-$40 reward. @ HiTALK .

  • Andreas Gunawan
    07-17
    Andreas Gunawan

    Buy Buy Buy

  • 快乐衰神
    07-16
    快乐衰神
    希望成真
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