GME Technical Analysis - Bearish Engulfing - Gamestop TA for Swing Traders Nov 16, 2024

GME Technical Analysis - Bearish Engulfing - Gamestop TA for Swing Traders Nov 16, 2024. In technical analysis, the bearish engulfing pattern is a chart pattern that can signal a reversal in an upward price trend. Comprising two consecutive candles, the pattern features a smaller bullish candle followed by a larger bearish candle that engulfs the first. This formation is considered a strong indicator that the prior upward momentum is waning and a reversal is on the horizon. What else is new with Gamestop Technical Analysis as GME price has broken through key resistance levels over the last two weeks? Carefully watching the interaction of the 50EMA and 200 EMA on Gamestop. Trading above the 200 SMA or 200 EMA is generally bullish. Caution may be warranted if the 50EMA crosses under the 200 EMA. What are your thoughts? #TonyDenaro #GME #TA

1) GME Fair Value Analysis: https://youtu.be/gikg9tPZyDw?si=DlGK0-4z34D1acMq

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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.