Jan 5th GME TA

 Here is a mid term view of GME. As you can see, stock has moved above raising trendline started in Nov 2008. This is bullish because it initially broke below trendline but instead of continue to decline, it reverse courseand move up.

 Here is a close look at last 3 months

 

Taken a long term view, picture looks a bit different. Down trendline started in Oct 2007 is still in play. Today stock close at the edge of this trendline. Technically speaking stock is still on a downtrend, yet if stock can move 2% above today's close ($23.50) and substain for at least 3 to 5 days, then stock would have move from downtrend to uptrend..

 

 

 

 There is big news coming out for GME this coming Thursday. My guess is that news will be good and stock will break this 3 year down trend and move up big and fast.

videogamesta.webs.com/