ARESABI

[WSB] How to trade the GameStop Short Squeeze!

Long
NYSE:GME   GameStop Corporation
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
Kommentar: I will update this idea when my trade is active
Trade ist aktiv
Kommentar: Doing well!
Trade geschlossen: Ziel wurde erreicht: I took my final profit at ~$150
Kommentar: Elon Musk tweeted about GameStop and we might see some crazy movements througout this week! Be careful!

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