GME & SBUX Show Strong Bullish Trends
I don’t actively trade GME, but current trends suggest it’s gearing up for another significant expansion, similar to those we observed in December and June of 2024.
The monthly BX remains green, indicating potential upside plays on shorter timeframes like the weekly and daily charts. Historical patterns show that the last two times the weekly BX turned green, GameStop experienced substantial growth phases, with gains ranging from 35% to 40% over several months.
In an optimal scenario, we could see prices climbing to between $34 and $36 soon
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Starbucks seems to need a few more weeks to reach its low point, but the signs are encouraging. I’m keeping a close watch and will share an update once we have a confirmed bottom.
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