Stock market today: BSE Sensex dips 200 points to below 74,000 level; Nifty50 near 22,400

Gamestop Stock TA April 2, 2024 - Finding GME Support and Resistance Technical Analysis. GME has been in a falling wedge pattern since 2021, sometimes called a bullish falling wedge, although I think when a stock is coming down from a short squeeze over-valuation type run up we need to be careful using the word 'bullish'. I reserve that definition for when stocks are trading in a pattern based on some sort of normal valuation. Either way, there are still definable support and resistance levels we can identify in the Gamestock TA by identifying proper support and resistance levels and this is the method I have been successfully using to trade GME for the last couple years rather than long term hold as GME's price inevitabely declines to a price the market considers fair value based on future earnings. My basic strategy: buy at support, sell at resistance, then wait for a re-tracement to support, rinse and repeat. When the valuation of GME stock reaches a level the market likes, or on news of some strategic change in direction from Gamestop management I will entertain a new strategy.

Stock market today: BSE Sensex and Nifty, the Indian stock market benchmark indices, opened in red on Friday with the 30-share index dipping 250 points and...

Stock market today: BSE Sensex and Nifty, the Indian equity benchmark indices, rallied in opening trade on Monday. BSE Sensex surged 250 points and Nifty50 was...

Stock market today: BSE Sensex and Nifty50, Indian benchmark equity indices, opened in green on Wednesday. BSE Sensex surged over 250 points and Nifty50 was...