GameStop · week 6 of a sell signal
GameStop: the decline fades, but the double bottom isn't enough yet
GameStop · week 6 of a sell signal
In Summary
GameStop is at week 6 of a sell signal: the week just closed up 1.1% with buy volume at 91%, and a double bottom has formed in the 21 area on the daily chart, with an intermediate rebound of 13%. The bearish structure is losing momentum, but it has not reversed yet. Trading not recommended per our model.
IQS Phase
71
in tension
Signal Strength
2
indecisive week
Sizing
MINIMUM
Ranking
#55 / 131
US stocks
Trade P&L %
-0.79%
from signal to today
restricted Platinum content