GameStop๋กฑ
$GME: ๐จMost Important TA Ever Part 2 Heading Back to $14๐๐๐
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๋ฐ์ดํธ๋จ
Hi everyone,
Financials
GameStop is in an exciting phase of transformation and financial stabilization, as shown by its latest financial report. The company has successfully turned a significant loss into a net income, indicating not just resilience but strategic navigation through market challenges. A standout is the positive shift in EBITDA to $64.7 million, signifying GameStop's improved operational efficiency and ability to generate profit from its core activities. Despite a dip in net sales, GameStop has showcased excellent cost management and maintained strong liquidity. This, combined with strategic leadership enhancements, positions GameStop well for tapping into the evolving gaming and retail sectors. For investors, the improvement in EBITDA is a positive sign of GameStop's growing ability to fund operations, invest in growth, and potentially offer shareholder value from its main business operations, rather than relying on financial maneuvers or asset sales. This makes GameStop a compelling investment choice for those interested in a turnaround story within the dynamic retail and gaming markets.
Technical Analysis
Every time GameStop has made a double bottom, there has been a significant rebound to the upside.
The indicators continue to show a bearish trend, suggesting a potential further decrease in price.GME recently touched the 0.786 Fibonacci retracement level. If positive news or market actions occur, there's a chance for a rebound up to the daily resistance.
Downside PT: $10.68
Upside PT: $14 and $15. (Price needs to stay above $12.78 for this to potentially play out).
Will be updating this as it plays out.
All the best!
Good luck and not financial or sexual advice. :)
Financials
GameStop is in an exciting phase of transformation and financial stabilization, as shown by its latest financial report. The company has successfully turned a significant loss into a net income, indicating not just resilience but strategic navigation through market challenges. A standout is the positive shift in EBITDA to $64.7 million, signifying GameStop's improved operational efficiency and ability to generate profit from its core activities. Despite a dip in net sales, GameStop has showcased excellent cost management and maintained strong liquidity. This, combined with strategic leadership enhancements, positions GameStop well for tapping into the evolving gaming and retail sectors. For investors, the improvement in EBITDA is a positive sign of GameStop's growing ability to fund operations, invest in growth, and potentially offer shareholder value from its main business operations, rather than relying on financial maneuvers or asset sales. This makes GameStop a compelling investment choice for those interested in a turnaround story within the dynamic retail and gaming markets.
Technical Analysis
Every time GameStop has made a double bottom, there has been a significant rebound to the upside.
- May '21 + Aug '21 (+80%)
- Mar '22 + May '22 (+149%)
- Jan '23 + Mar '23 (+79%)
- Nov '23 + Apr '24? (+?%)
The indicators continue to show a bearish trend, suggesting a potential further decrease in price.
GME recently touched the 0.786 Fibonacci retracement level. If positive news or market actions occur, there's a chance for a rebound up to the daily resistance. Downside PT: $10.68
Upside PT: $14 and $15. (Price needs to stay above $12.78 for this to potentially play out).
Will be updating this as it plays out.
All the best!
Good luck and not financial or sexual advice. :)
๋
ธํธ
Next downside PT: $10.98, hoping for some catalyst to happen to bring this up. Otherwise, I will load up on this bottom.๋
ธํธ
$10.98 hit with a low of $10.90. Let's see where this goes.๋
ธํธ
Alright folks, it looks like some life has been pumped into GME (especially with Larry buying which didn't really affect price that much lol). If GME can stay above $11.06, price can easily get to $12.84 where it may encounter some hard resistance. Will probably make a new post later.๋
ธํธ
Boom.
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