GME Retesting Breakout
Simple chart, downward channel for GME has slightly broke out this week, retesting the top of the channel to see if this can act as support now. A daily close above this channel with continued volume would potentially mean a continuation of a breakout.
When breakouts from channels occur, we often see a retest of the breakout area which I refer to as "basing". See related idea for example of basing on a breakout.
When breakouts from channels occur, we often see a retest of the breakout area which I refer to as "basing". See related idea for example of basing on a breakout.
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