r/wallstreetbets recently picked up the GameStop Stock (GME). Why? Because we basically have free money sitting here.
GameStop struggled with keeping up with the growing digital gaming market and the price plummeted.
With a strong focus on E-commerce, a strong brand with over 55 million PowerUp members and a solid team (Source: r/wallstreetbets "GME FULL STORY),
we will most likely see further growth in the company in terms of revenue and stock price.
I made this chart to verify important levels and an in depth trading-plan to reduce the risk as much as possible.
Everything relevant is on the chart. The Cup & Handle Pattern is one of the easiest patterns to trade and extremly powerfull to extend
a strong uptrend - which is highlighted by the Ascending Parallel Channel.
Please make sure to place a Stop-Loss order and place your buy after the confirmation with a Breakout-Candle.
Let me know if there are any questions and feel free to discuss in the comment section.
cheers
GameStop struggled with keeping up with the growing digital gaming market and the price plummeted.
With a strong focus on E-commerce, a strong brand with over 55 million PowerUp members and a solid team (Source: r/wallstreetbets "GME FULL STORY),
we will most likely see further growth in the company in terms of revenue and stock price.
I made this chart to verify important levels and an in depth trading-plan to reduce the risk as much as possible.
Everything relevant is on the chart. The Cup & Handle Pattern is one of the easiest patterns to trade and extremly powerfull to extend
a strong uptrend - which is highlighted by the Ascending Parallel Channel.
Please make sure to place a Stop-Loss order and place your buy after the confirmation with a Breakout-Candle.
Let me know if there are any questions and feel free to discuss in the comment section.
cheers
Anmerkung
I will update this idea when my trade is activeTrade ist aktiv
Anmerkung
Doing well!Trade geschlossen: Ziel wurde erreicht
I took my final profit at ~$150Anmerkung
Elon Musk tweeted about GameStop and we might see some crazy movements througout this week! Be careful!Anmerkung
We're officially back on the menu
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.