GME: GameStop Daily Stock Analysis and Prediction Trend.
![Image](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgEU7pcD7bToQ_C4kl2AJJntiy2pHiBsQgQzqQ_fj3_U0Yf9_54yGSrMA62Ebub0u4KUy0mAIHPIdFN1Y59we2v1MuaoWgF198q_8Cns-MxXXt-i5qHGoIerYD-GmEu6AJ7c2-PKikU5Cf6-pPa6YjUUd3b8xwE1aklvhsHX9I-oB_-Z8VaZf_FF_q3MmjN/s16000/gme.png)
October 19, 2023 Overview: GameStop entered the Bearish zone four days ago and has since displayed a downward trend. Currently near the psychological support level of the Bearish zone, it's anticipated to weaken in selling pressure and transition into a rebound trend over the next 1-2 days. However, this rebound might be limited due to overall weak buying intensity. A modest and temporary uptick is likely. The mid-next week might witness a brief rebound, followed by another downward trend. Long-Term Outlook: The sustained weakness in buying momentum suggests significant downside risk. Prospective gains remain low, and continual retesting of lows is possible. A more strategic entry point for long-term investment might be prudent, given the potential for a prolonged Bearish zone trend. Market Correlation: GME demonstrates a 69% correlation with the broader market, indicating similarities in upward and downward movements. The overall market is predicted to start a rebound trend mid