Gamestop Stock TA April 2, 2024 - Finding GME Support and Resistance Technical Analysis

Gamestop Stock TA April 2, 2024 - Finding GME Support and Resistance Technical Analysis. GME has been in a falling wedge pattern since 2021, sometimes called a bullish falling wedge, although I think when a stock is coming down from a short squeeze over-valuation type run up we need to be careful using the word 'bullish'. I reserve that definition for when stocks are trading in a pattern based on some sort of normal valuation. Either way, there are still definable support and resistance levels we can identify in the Gamestock TA by identifying proper support and resistance levels and this is the method I have been successfully using to trade GME for the last couple years rather than long term hold as GME's price inevitabely declines to a price the market considers fair value based on future earnings. My basic strategy: buy at support, sell at resistance, then wait for a re-tracement to support, rinse and repeat. When the valuation of GME stock reaches a level the market likes, or on news of some strategic change in direction from Gamestop management I will entertain a new strategy.
#TonyDenaro #GME #Gamestop

🦍Join the Tony Denaro channel to get access to perks, basic Discord and a membership chat badge: https://www.youtube.com/c/TonyDenaro/Join
🏆 SUBSCRIBE! https://www.youtube.com/c/TonyDenaro?sub_confirmation=1
🧡 DISCORD! Support the Channel & get FULL access to the Tony Denaro Discord including Tony's trades with a VIP membership.
Be sure to link Patreon and Discord before signing up: https://www.patreon.com/TonyDenaro
🐤TWITTER: https://twitter.com/Tony_Denaro
💹 STOCKTWITS: https://stocktwits.com/TonyDenaro
📶 TWITCH backup livestream (add it now!): https://www.twitch.tv/tonydenaro
📰 REDDIT: https://www.reddit.com/r/TonyDenaro/

🧡 Discord is a free perk for supporters of the channel via YouTube Join button or Patreon.
1) Discord via Patreon CLICK HERE: https://www.patreon.com/TonyDenaro
How to link Patreon and Discord: https://bit.ly/3Tc3MGp
2) Discord via YouTube (includes colored badge in Youtube chats) CLICK HERE: https://bit.ly/3PLj0z2
How to link Discord and YouTube: https://bit.ly/3pD4W0b

💥Links for Content Creators:💥
1) Best free software for Collab videos - Restream: https://restream.io/join/TonyDenaro
2) Diversify where your content is published, sign up for Rumble: https://rumble.com/register/TonyDenaro/
💥Links for Content Creators💥

Send Tony Denaro something:
Tony Denaro
10900 Research Blvd
Suite 160-C #196
Austin, TX 78759

DISCLAIMER: Content, strategies and opinions on this channel are for entertainment purposes only. These are Tony's opinions, not specific investment or legal advice for you. Always do your own due diligence, read company filings and financial statements and seek a duly licensed professional for investment, tax or legal advice. Past performance is not a predictor of future results. This is not personalized but rather general educational and informational material.