GME. Navigating a Bearish Trend: Maintaining 'Sell and Wait' Strategy for GME Stock.
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Jan 24, 2024 GME stock closing price 14.0 -1.62% ◆ [Long-term strategy] The current trend zone is Bearish. and Investment position suitable for the trend zone is Sell and Wait. The trend within a Bearish zone is divided into a 'Downtrend' in the downward direction and a 'Rebound Trend' in the upward direction. In the Downtrend, there is a strong downward flow with occasional upward movements, while in the Rebound Trend, there is a fluctuating flow involving limited or temporary upward movements and downward fluctuations. Investing in this zone is associated with low expected returns and a higher risk of decline. In a Bearish zone, there is potential for strong selling pressure to persist, resulting in a pronounced downward trend and a relatively weak upward rebound trend. When considering a medium to long-term investment strategy, if the trend moves in t