GameStop
Long
Updated

GME - POSSIBLE INVERSE HEAD AND SHOULDERS + MACD FLIP + OVERSOLD

496
GME LONG.
POSSIBLE INVERSE HEAD AND SHOULDERS COMING UP TO TEST THE 50 DAY FOR A 3RD TIME.
MACD ABOUT TO FLIP ON THE DAILY.
NEAR OVERSOLD ON THE RSI.

FUNDAMENTALLY THE RELEASE OF THE NFT DIVIDEND TO KILL THE SHORTS IS A POTENTIAL CATALYST.
THE COMPANY HAS NO DEBT AND CASH ON HAND FOR THE QUARTER ENDING APRIL 30, 2021 WAS 0.752B, A 31.88% INCREASE YEAR-OVER-YEAR.
Note
A CLOSE BELOW $158.01 WOULD INVALIDATE THE INVERSE HEAD AND SHOULDERS.
MARKET STRUCTURE STILL LOOKING GOOD DESPIDE THE RECENT DROP.

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