Long

Community GME price targets? Comment below!

Updated

My thoughts for GME price forecast are given using the Fib Retracement. I believe we will have 1 of 3 scenarios. These are my price targets. This is not a recommendation and this is not financial advice.

Possible Scenarios

1: Best case scenario is current price straight to $1200. AMC did massive % moves like this scenario in May so it is not unrealistic. GME could skyrocket shortly after earnings report especially if there is a unexpected announcement. I think the 1st price target will be getting past $300 and staying above it before any move higher.
2: Realistic case scenario I believe it could take a period of a few months. GME hits $381, consolidates for few weeks then breaks to new highs of around upper 600s then consolidates for a few weeks and then makes its way over $1000 by the end of the year.
3: Not the easiest route but a possible one is where GME hits mid 200s and then retraces back under $120 violently after earnings in which would force an immediate short squeeze above $485 high. True GME diamond hands will hold through the fall, but shorts will be looking for the price to fall under $100 and will hold until they lose all their money as the price rockets back up.

These are just my thoughts, I am not a Financial Advisor. Again, this is not a recommendation and this is not financial advice. Trading these stocks are very risky.

Please comment your realistic price targets, not everyone can be millionaires.
Just trying to get a feel for what everyone else thinks.

Note

Also, the reason why I bring up $300 is because we have a gap to fill there. Hopefully it will fill and surpass $300.

jcjurevis

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