GameStop's stock ($GME) has seen a significant rise over the past few days, with after-hours trading showing a 10% increase, reaching $30. The stock has been following a trend similar to its 2021 performance, with a potential breakout expected. Keith Gill's recent announcement about executing his call options has contributed to this upward momentum, triggering a gamma ramp. The stock bottomed at $25.20 and has since surged to nearly $29. As of the latest update, $GME is up 14%, hitting a high of $31. Analysts are watching the $32 level closely as a critical point for further gains, especially with earnings reports due next week and implied volatility (IV) still sky high.
$GME #update 1 Hr Flag breaking out but real test is 32 Will swing some if we close at highs See complete trade history from morning below https://t.co/Mq3qgCo43f https://t.co/XPE35A6noJ
$GME #update 👊⚡️ Hit 31 so far from morning idea Our stops are breakeven now, big level ahead "32" where it rejected last time, over this we can see solid squeeze, but needs to break this flag first https://t.co/LokoaNP98m https://t.co/op1qwb46DK
GameStop, $GME, is up 14% https://t.co/9rPbh19hXX
$GME on the move https://t.co/poF3526D1F
$GME Back over $30 https://t.co/ZjPCZ3t2Br
$GME now up nearly 10%, could get interesting above 30 if it wants, earnings next week too so likely some kind of floor in it with IV sky high still
$GME Almost $29’s…. https://t.co/5nat1qq9Fw
$GME #update Bullish again today as pushing over 1 hr clouds and already over 10 Minute clouds https://t.co/tYpJ71INTP
$GME is continuing to follow the cup trendline so far, bottoming at $25.20 today. https://t.co/Lc5n7IJ1KE https://t.co/1JmRfZCE9e
If $GME is still following the 2021 trend it should confirm a bottom today The breakout was 3 trading days later, aligning perfectly with Keith Gill announcing he has begun executing his call options on Fri, a day before his birthday June 8 Triggering a gamma ramp into earnings https://t.co/5UvD5t22Gz https://t.co/eMNvfIbxyq
If $GME is still following the 2021 trend, it should confirm the bottom today. The breakout occurred 3 trading days later, which would align perfectly with Keith Gill announcing he has begun executing his call options on Friday, the day before his birthday June 8th. https://t.co/Yzk9ffUiXl https://t.co/eMNvfIbxyq
If $GME is still following the 2021 trend, it should confirm the bottom today. The breakout occurred in 3 trading days, which would align perfectly with Keith Gill announcing he has begun executing his call options on Friday, the day before his June 8 birthday. https://t.co/4ZRNVqgYzO https://t.co/eMNvfIbxyq
$gme ripping after hours Up 10% now 30