If we think GME will follow AMC's path, we likely will head lowe
I think Friday will be a crucial day to see if GME can bounce off the $45 support level that was set back in mid Jan. That is the final bullish case for GME to see if it can hold.
If it fails this $45 support level, I think it will follow VW's squeeze cycle and head for lower lows, with the next support level at around $20, which unfortunately aligns with Andrew Left's $20 call.
The market is searching for the fundamental value of GME, and have not found it yet amidst ton's of panic selling.
Hopefully we bounce at the $45 support or the bull case is dead for now...
My thoughts only, not financial advice.
If it fails this $45 support level, I think it will follow VW's squeeze cycle and head for lower lows, with the next support level at around $20, which unfortunately aligns with Andrew Left's $20 call.
The market is searching for the fundamental value of GME, and have not found it yet amidst ton's of panic selling.
Hopefully we bounce at the $45 support or the bull case is dead for now...
My thoughts only, not financial advice.
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