GME Bulls Eye $50 with Strong Technical Backing
Hey traders, GameStop (GME) is making waves above its key Moving Averages (MAs). If this momentum continues, we could see a test of the 50% Fibonacci retracement level, right at the $50 mark.
Adding to the excitement, there's a Pringle pattern forming with a critical line just below $50. A move to $50 would signal a breakout, potentially setting the stage for a significant uptrend.
If these scenarios unfold as anticipated, we'd have support from the pattern and far above all MA levels. This could ignite a robust bull run, possibly targeting the $300 zone according to Fibonacci projections.
Also it's forming an huge inversed head and shoulders, batman, or KITTY pattern.
Keep a close watch on GME as it navigates these crucial levels—it could be shaping up for a substantial move in the near term.
Do your own research and invest with money you can lose. - This is not financial advise.
Adding to the excitement, there's a Pringle pattern forming with a critical line just below $50. A move to $50 would signal a breakout, potentially setting the stage for a significant uptrend.
If these scenarios unfold as anticipated, we'd have support from the pattern and far above all MA levels. This could ignite a robust bull run, possibly targeting the $300 zone according to Fibonacci projections.
Also it's forming an huge inversed head and shoulders, batman, or KITTY pattern.
Keep a close watch on GME as it navigates these crucial levels—it could be shaping up for a substantial move in the near term.
Do your own research and invest with money you can lose. - This is not financial advise.
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