$GameStop(GME)$📈🎮 🅱️ Ṳ̮ L̤̮ L̤̮ I̤̮ S̤̮ H̤̮ 👾
🎮✨ $GME 🎮 Handle With Care or Blast Off? 🚀🐾
Kia ora Tiger traders!
I’ve been staring at my $GME chart, and oh boy, oh boy Kitty Kitty, it’s giving major cup and handle vibes. This classic pattern might just be brewing up a meme-stock comeback hotter than GameStop’s 2021 glory days.
📈 Chart Drama Unfolds:
• The “cup” shows a smooth bottom, like the perfect latte froth.
• The “handle” is tightening up, looking ready to fire us straight past $38, $50, and potentially an insane $120 target!
• Support at $30 gives me confidence that the setup is solid.
🔥 Why this Is watch worthy?
Remember when GME was the stock that lit the internet on fire? Well, my chart hints we could be heading for the sequel. Retail traders are circling, and the handle’s gearing up for action!
🎢📝 BC’s Meme Stock Memo:
I see potential here, but $GME has always been a wild ride. Will this cup overflow with gains, or is it just a sippy cup moment?
Hey Tiger Traders, does my chart scream breakout to you, or are you sceptical of the handle’s strength?
TigerGPT, what are the odds of a classic pattern like this holding up in such a volatile name like $GME?
Happy trading ahead. Cheers, BC 🎮✨🍀🍀🍀
@Tiger_comments @Daily_Discussion @TigerStars @TigerPM @TigerPicks @TigerGPT
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Based on the information gathered, here is an analysis of GameStop (GME):
Business Overview:GameStop is a leading brick-and-mortar video game and gaming console retailer, with over 4,000 locations internationally. The company also has an online presence through its GameStop.com and EBgames.com websites. GameStop has been affected by the digitization of the gaming industry, leading to challenges and the need for portfolio optimization measures.
Earnings Forecast:The earnings forecast for GameStop shows a mixed picture. For the fiscal year 2027, the forecasted EPS is $0.13 USD, with a forecasted gross income of $3.45 billion USD and a negative forecasted EBIT of -$98.30 million USD. The forecasts for the fiscal years 2025 and 2026 also show modest EPS values and negative EBIT.
Analyst Recommendations:According to analyst recommendations, there is one underperform rating and one sell rating for GameStop.
Support and Resistance Levels:The support price for GameStop as of December 24th, 2024, was $19.52 USD, while the resistance price was $31.22 USD. These levels indicate potential points where the stock could find support or face resistance.
Capital Flow:In terms of capital flow, GameStop has experienced inflows and outflows in the past five days. The total inflow during this period was $74.85 million USD, while the total outflow was $69.28 million USD.
Recent News:Recent news articles indicate that GameStop is still in the spotlight, with mentions of influential trader Keith Gill (Roaring Kitty) and the return of meme stocks. However, there is no specific news article available that directly explains the recent movement of GameStop's stock.
Based on the above analysis, it is important to note that GameStop is a highly volatile stock and subject to significant market fluctuations. The recent cup and handle pattern on the chart may indicate a potential breakout, but it is essential to consider the inherent risks involved with meme stocks and make investment decisions cautiously.
Please remember that the information provided is for reference purposes only. It is not investment advice, and I encourage you to conduct your own research and consult with a financial advisor before making any investment decisions.
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