It looks like we COULD see some price movement this coming week with GME and AMC considering AMC is expected* to report earnings on 11/08/2021 (Monday) after market close. If not maybe GME earnings could make the move in a few more weeks.
Possible GME scenarios
1) Resistance at $234. If we break upwards past $234, I imagine we will AT LEAST see the GAP fill from 287-$297.
2) Support at $190-$208. If we fall below $190 without immediate turn around, we should sell down to the $140 region and lower ($7) before reversing back up to make new highs.
3) Consolidation between $200-$230 until GME earnings where any positive or negative news of growth or about NFT could move the stock big.
Let me know your thoughts.
Note: I am LONG GME and AMC, I believe it is only a matter of time to see new highs with both stocks even if we test 52 week lows before then. Trading is risky, none of what I am saying should be taken seriously, for it is not a recommendation just posting my TA on the stock.
Possible GME scenarios
1) Resistance at $234. If we break upwards past $234, I imagine we will AT LEAST see the GAP fill from 287-$297.
2) Support at $190-$208. If we fall below $190 without immediate turn around, we should sell down to the $140 region and lower ($7) before reversing back up to make new highs.
3) Consolidation between $200-$230 until GME earnings where any positive or negative news of growth or about NFT could move the stock big.
Let me know your thoughts.
Note: I am LONG GME and AMC, I believe it is only a matter of time to see new highs with both stocks even if we test 52 week lows before then. Trading is risky, none of what I am saying should be taken seriously, for it is not a recommendation just posting my TA on the stock.
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