GameStop. Back in the Game. We look to Buy at 118.26 (stop at 110.74)
We look to Buy at 118.26 (stop at 110.74)
Preferred trade is to buy on dips. As this corrective sequence continues we look to set longs on a dip at better risk/reward levels. Levels close to the 50% pullback level of 115.39 found buyers. Further upside is expected although we prefer to set longs at our bespoke support levels at 120.00, resulting in improved risk/reward.
Our profit targets will be 147.26 and 180.00
Resistance: 150.00 / 190.00 / 200.00
Support: 120.00 / 90.00 / 77.00
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