GameStop Gaps Higher After Ryan Cohen's RC Ventures Ups Stake: A Technical Analysis
Portfolio Pulse from Melanie Schaffer
GameStop Corporation (NYSE:GME) gapped up 7.82% after Ryan Cohen's RC Ventures increased its stake in the company to 12.1%. The stock faced heavy resistance at $26.55 and started to sell off, potentially forming a bearish double top pattern.
June 13, 2023 | 3:59 pm
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GameStop's stock price gapped up 7.82% after Ryan Cohen's RC Ventures increased its stake to 12.1%. The stock faced resistance at $26.55 and started to sell off, potentially forming a bearish double top pattern.
The increase in Ryan Cohen's stake in GameStop has led to a short-term increase in the stock price. However, the stock faced resistance at $26.55 and started to sell off, potentially forming a bearish double top pattern. This pattern could lead to further selling pressure, but the overall impact on the stock price is uncertain in the short term.
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