FleurdelisFX

Long Gamestop Inverse Head and Shoulders GME Fail Neckline Break

Long
NYSE:GME   GameStop
Gamestop is set to rally ahead of earnings . Gamestop has never been this cheap since 2003 and it is has a much stronger brand name recognition than before. Earning estimate is -.35, but Gamestop $GME was one last non essential stores set to close in March. With gaming stocks on a rampage, Gamestop is expected to beat expectations. It is a quarantine stock and a economy re-opening stock since it has generate huge revenues through its online sales. Inverse head and shoulder with a strong bounce off of the throwback. Smart bears closed shorts at the inverse head. Bears looking to short this under $4 will help with the short squeeze when $eBay breaks to all time highs. This has the same setup as Zoom $ZM.

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