Shares of Gamestop (GME) are about to break above the rim line of a 2 years cup and handle pattern, and their 4 day moving average. This pattern projects a price target that closes the gap and takes the stock back to $50 levels.
But what is Cup and Handle technical chart?
The cup and handle is a pattern of bullish continuation that marks a period of consolidation followed by a breakout. It was developed by William O’Neil and introduced in 1988 in his book How to Make Money in Stocks.
Some news to have in mind regarding GME stock and why cup and handle breakout could happen.
Film review: Judas and The Black Messiah
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Latest IBD/TIPP Poll Shows Economic Optimism Climbing, Hitting Its Highest Point Since COVID-19 Shutdown
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QuaranTV: Kaluuya shines in ‘Judas and the Black Messiah’
Daniel Kaluuya puts on an award-winning performance in Judas and the Black Messiah, which is streaming on HBO Max now. Written By: Jared Rubado | ×
Image courtesy of Pixabay
Whenever the 2021 Oscar nominations come out, Daniel Kaluuya is an actor to keep an eye on after his performance in Judas and the Black Messiah.
Warner Brothers most recent release is sweeping the nation as a potential award-winning film thanks to its powerful acting and impactful story. Judas and the Black Messiah is streaming on HBO Max and is the must-see movie to come out in February of this year.