Watch Out for These Levels in GameStop's Stock Price
GMEGameStop(GME) Investopedia·2024-06-10 10:30

Key TakeawaysGameStop shares have traded within a symmetrical triangle since mid-May, a chart pattern that suggests a continuation of the current uptrend.A measured move of the symmetrical triangle pattern forecasts an upside price target in GameStop shares of $95.However, a breakdown from the pattern could see the price revisit support around $16 near a multi-month downtrend line that sits in close proximity to the 50- and 200-day moving averages. Retail traders’ favorite meme stock, GameStop (GME), is lik ...