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DeepNewz, mobile.
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GameStop (GME) has seen a notable increase in its stock price, rising by 2.9% on July 8, 2024. The stock is finding support around the 50-day moving averages (MAs), and traders are anticipating a potential surge in volume that could push it above the 20-day MAs. Momentum traders are eyeing a price target above $25, which could be a significant catalyst for further gains. Technical indicators such as the MACD are showing signs of momentum returning, suggesting that GME could break above its downtrend soon.
$GME has been riding the 50MAs as it consolidates on lower volume. The MACD is curling up suggesting momentum could be returning soon. A break above the 20sma could be the catalyst that starts the next move and then the break above the downtrend. *not financial advice https://t.co/C4js7tCZ0r
CAN'T STOP WON'T STOP CAN'T STOP WON'T STOP CAN'T STOP WON'T STOP https://t.co/NAP1OMcZth
Do you think $GME will trade higher or lower today? https://t.co/QITIAXJhWn
