GME Summer (Daily Candles Analysis)
Updated
This is my first attempt at making a future prediction using chart analysis. I would love opinions and feedback. I am not a professional, I have only been doing this for a year or so and I have no education in finance.
I think you will see GME continue on its new uptrend through the summer with a huge breakout towards September/October. I think you may see it hit near $111 in the near future. If it fails to bounce off of the $110 range then I would expect it to drop back down to test its main level of support around $80.
If it finishes the other half of the cup and handle, the I would think it would reach $250 before you see a retracement to begin the handle of the cup.
GME looks strong and I am excited.
I think you will see GME continue on its new uptrend through the summer with a huge breakout towards September/October. I think you may see it hit near $111 in the near future. If it fails to bounce off of the $110 range then I would expect it to drop back down to test its main level of support around $80.
If it finishes the other half of the cup and handle, the I would think it would reach $250 before you see a retracement to begin the handle of the cup.
GME looks strong and I am excited.
Note
GME Is continuing to follow the trendlines. It is extremely volatile. We should see it test its first trend resistance. If it break the trendline then we could see it dip to $110. I am still confident in the direction of the stock. Please remember, this is not financial advice.
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