Good place to buy. Broke out of channel and retested
- Expecting positive upcoming q1 earnings (Apr) with recent PS5 and Xbox console sales. Console release normally boost sales over a period of 1 year. - Nintendo switch 2 maybe coming in 2021 - Overly shorted, way undervalued based on their cash and revenue, potential short squeeze candidate - Sufficient cash with almost no risk of bankruptcy - Turnaround of business model with potential takeover from Ryan Cohen - Booming gaming sector with potential to associate with e-sports - Good branding and existing customer base and memberships - Gradual covid recovery boost to brick-and-mortar
Remain bullish as long as it stays in the ascending channel
Comment
Target 1 reached: Take a small amount of profits
Looking very positive with strong news that will strengthen the company in the long run. Ryan Cohen + 2 for board of director and holiday sales. More squeeze to come through
Comment
Expecting a huge week ahead. Current price $35.50.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.