AlphaRainmaker

GME Inverse Cup and Handle

做空
NYSE:GME   GameStop
GME flashing an inverse cup and handle. Market split on whether price is going to shoot the moon after this last consolidation plays out. We see two cup and handles on this chart. The original one after the initial run up, with the most recent one showing an inverse cup and handle, typically a bearish signal. Look for price to break support around the 28th. $75-40 price target.
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