Showing posts from October 19, 2023

GME: GameStop Daily Stock Analysis and Prediction Trend.

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

AMC Entertainment Holdings Daily Stock Analysis: Potential Reversal in Trend.

October 19, 2023 Overview: In the past 12 days, AMC Entertainment Holdings entered a Bullish zone, indicating a significant upward trend. However, over the last 5 days, the stock has shown signs of correction. Today, we observe a weakening selling pressure and strengthening buying momentum, suggesting a potential shift towards an upward trend. It's worth noting that given the current position near the boundary of the Bullish and Bearish zones, a temporary dip into the Bearish zone could occur during this transition phase. Short-Term Outlook (1-2 days): The current trend suggests a likely shift towards an upward trajectory in the next 1-2 days. The buying momentum is gradually overpowering the selling pressure, indicating a potential entry into the Bullish zone during this period. Mid-Term Outlook (Next week, early days): The strength of the upcoming upward movement in the early days of the next week will be crucial. If the upward momentum is limited or minimal, there's a hig