November 22, 2024
GameStop ($GME) recently hit $29.80, aligning closely with our November 8, 2024 forecast of $27 to $29 resistance. After a strong rally, the stock has pulled back and is now forming a doji candle on the daily chart. Using Fibonacci retracement levels and anchored VWAP, we identified $29.60 as a key resistance level. While a pullback to the 50-day moving average could present a buying opportunity, we remain cautious until GameStop clears $30 for further bullish momentum. Review our November 8, 2024 analysis of GameStop here: https://www.youtube.com/watch?v=fRuNYFCW4EU&t=1s
