GameStop Sell-Off - Time to Buy

[Saint Joseph]

After a 38 cent drop in GameStop (GME), it landed at previous support levels - shown by yellow horizontal line.

RSI is right in the middle pointing downward.

My prediction is that it will initially drop to around $5.57, then start another bullish run, going to at least $5.88 - previous resistance levels.

 

[ChrisDouthit]

I wouldn't count on Gamestop making a bullish run, it's a dying business model. Videogames are being now sold direct to consumers through the system, aftermarket games can be sold on eBay, what value does Gamestop add. Retails in rough shape as it is, but Gamestop looks to be one of the worst.