Game stop at the 3 years low made a "Morning Star"?
Hello to everyone! After 3 years of down trend Gamestop has shown to us in the month chart a bullish candle pattern.A Morning Star is going to be established after this year's end. In my opinion to reverse the down trend we will have to see the price to reach the level of 19$-19.20$. Is that possible? I think it is! My analysis says yes. My positions also. You all know how difficult is to analyze Gamestop cause the theory and the DD show us something different than the price action. The price is being depressed for a very long time. Even after the positive reports. That show us that some investors try hard to push the price as low as they can. Sometime they will have to buy back all this short positions,and I think this is the time. The Morning Star candle pattern is there. Now we all have to wait a dit to see an other big move up to the levels of the breakout. I opened new position at the price of 12,10$ and I'm waiting for the break out.
Ps. Excuse me for my poor English cause I'm Greek and my English is not that good.
Ps. Excuse me for my poor English cause I'm Greek and my English is not that good.
Disclaimer
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.