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GME Trading at $22.75 Resistance

Written By: ChartChamp

August 19, 2024

GME’s hype has been quiet lately as RoaringKitty has stopped posting about the stock. There have been numerous pump and dumps caused by RoaringKitty announcements. These pumps have led to breakouts above a multiyear bull pennant. GME was attempting to flip the upper range of the bull pennant from resistance into support. However, over time GME has lost support here and is now trading back below the bull pennant resistance line again. Today the price is trading exactly at the trendline and we are experiencing resistance here around $22.75. I would monitor this $22.75 price level for a break or rejection.

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