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2021-07-16

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Could GameStop's Stock Be Nearing Make It Or Break It Time?

GameStop Corp.(NYSE:GME) shares are traded lower Thursday. The stock was a WallStreetBets favorite a

Could GameStop's Stock Be Nearing Make It Or Break It Time?

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The stock was a WallStreetBets favorite a","content":"<p><b>GameStop Corp.</b>(NYSE:GME) shares are traded&nbsp;lower Thursday. The stock was a WallStreetBets favorite and seems to have lost some gas since its initial run-up.</p>\n<p>After hitting an intraday low of $159.48, shares closed at $166.82.</p>\n<p><b>GameStop Daily Chart Analysis</b></p>\n<ul>\n <li>Shares have been sliding downwards and are nearing potential support in what technical traders call a pennant pattern.</li>\n <li>The stock is trading below the 50-day moving average (green), but above the 200-day moving average (blue), indicating the stock is likely facing a period of consolidation.</li>\n <li>The stock may find resistance near the 50-day moving average, while the 200-day moving average may act as support.</li>\n</ul>\n<p><b>Key GameStop Levels To Watch</b></p>\n<ul>\n <li>The pennant pattern began forming in early 2021 after the stock saw a huge short squeeze.</li>\n <li>The price may continue to be condensed between narrowing highs and lows until it breaks past the pattern’s support or resistance, which will possibly cause a strong move in the same direction.</li>\n <li>The Relative Strength Index (RSI) has been falling lately and sits at 32. The RSI is nearing the 30 level, which marks the start of oversold territory.</li>\n</ul>\n<p><b>What’s Next For GameStop?</b></p>\n<p>Bulls would like to see the stock bounce at pattern support and start moving higher. Bulls would like to see the stock trade within the pennant pattern for a little longer before breaking out and potentially moving higher. Bulls also want to see the RSI start rising and more volume coming into the stock.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Could GameStop's Stock Be Nearing Make It Or Break It Time?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCould GameStop's Stock Be Nearing Make It Or Break It Time?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-07-16 11:01</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>GameStop Corp.</b>(NYSE:GME) shares are traded&nbsp;lower Thursday. The stock was a WallStreetBets favorite and seems to have lost some gas since its initial run-up.</p>\n<p>After hitting an intraday low of $159.48, shares closed at $166.82.</p>\n<p><b>GameStop Daily Chart Analysis</b></p>\n<ul>\n <li>Shares have been sliding downwards and are nearing potential support in what technical traders call a pennant pattern.</li>\n <li>The stock is trading below the 50-day moving average (green), but above the 200-day moving average (blue), indicating the stock is likely facing a period of consolidation.</li>\n <li>The stock may find resistance near the 50-day moving average, while the 200-day moving average may act as support.</li>\n</ul>\n<p><b>Key GameStop Levels To Watch</b></p>\n<ul>\n <li>The pennant pattern began forming in early 2021 after the stock saw a huge short squeeze.</li>\n <li>The price may continue to be condensed between narrowing highs and lows until it breaks past the pattern’s support or resistance, which will possibly cause a strong move in the same direction.</li>\n <li>The Relative Strength Index (RSI) has been falling lately and sits at 32. The RSI is nearing the 30 level, which marks the start of oversold territory.</li>\n</ul>\n<p><b>What’s Next For GameStop?</b></p>\n<p>Bulls would like to see the stock bounce at pattern support and start moving higher. Bulls would like to see the stock trade within the pennant pattern for a little longer before breaking out and potentially moving higher. Bulls also want to see the RSI start rising and more volume coming into the stock.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190423778","content_text":"GameStop Corp.(NYSE:GME) shares are traded lower Thursday. The stock was a WallStreetBets favorite and seems to have lost some gas since its initial run-up.\nAfter hitting an intraday low of $159.48, shares closed at $166.82.\nGameStop Daily Chart Analysis\n\nShares have been sliding downwards and are nearing potential support in what technical traders call a pennant pattern.\nThe stock is trading below the 50-day moving average (green), but above the 200-day moving average (blue), indicating the stock is likely facing a period of consolidation.\nThe stock may find resistance near the 50-day moving average, while the 200-day moving average may act as support.\n\nKey GameStop Levels To Watch\n\nThe pennant pattern began forming in early 2021 after the stock saw a huge short squeeze.\nThe price may continue to be condensed between narrowing highs and lows until it breaks past the pattern’s support or resistance, which will possibly cause a strong move in the same direction.\nThe Relative Strength Index (RSI) has been falling lately and sits at 32. The RSI is nearing the 30 level, which marks the start of oversold territory.\n\nWhat’s Next For GameStop?\nBulls would like to see the stock bounce at pattern support and start moving higher. Bulls would like to see the stock trade within the pennant pattern for a little longer before breaking out and potentially moving higher. Bulls also want to see the RSI start rising and more volume coming into the stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1047,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}

Could GameStop's Stock Be Nearing Make It Or Break It Time?

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