$ESPORTS ENTERTAINMENT GRP(GMBL)$
Trading Expectations (GMBL) For The Upcoming Trading Day Of Monday 27th November 2023
For the upcoming trading day on Monday, 27th we expect Esports Entertainment Group, Inc. to open at $0.0271, and during the day (based on 14 day Average True Range), to move between $0.0209 and $0.0335, which gives a possible trading interval of +/-$0.0063 (+/-22.99%) up or down from last closing price. If Esports Entertainment Group, Inc. takes out the full calculated possible swing range there will be an estimated 45.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0270 (0.74%) than the resistance at $0.0298 (9.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance.
Insiders are very positive as most new trades are buy in Esports Entertainment Group, Inc.
In the last 9 trades there were 6.12 million shares bought. The last trade was made 172 days ago by Soper Robert who bough 0 shares. For the period there is more stocks sold than bought, but the most of the latest transactions are buy. This can indicate renewed interest by the insider, but also stock options expiring. Buy at $0.0209 and sell at $0.0335.
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