Jumat, 29 Januari 2021

The GameStop Stock Surge: What Does It Mean?

 
January 29, 2021
 
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The GameStop Stock Surge:
What Does It Mean?
The headline this week is the massive, if short lived, move by of the biggest video game retailers. That's right, today we're going to talk about what led to the GameStop stock surge — and what we can learn from it.

Starting last week, GameStop began to take off. By midday Monday, the stock was up over $145 — that's a 238% gain since last Thursday… even though the company is expected to lose money this year and next.

But that's not the end of GME's wild ride. Within hours, the stock was trading below $62.

What does it mean?

There's always a lesson to be learned from big moves like this, and the GameStop stock surge is no exception.
So What's the Lesson?
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What Is the Tunnel Trader Strategy? Everything You Need to Know
This new strategy that helps you focus on what you're doing in the stock market is destined to give you tunnel vision.

"Tunnel trading" is a visual guide that can help you trade the futures market and can be used on any futures symbol. But we specifically like to use it on the E-minis.

The strategy's end goal is to exit the position with profit — for now let's not focus on the amount of profit.

But before we run head-on into that, we need to brush up on some basic information so that we don't trip along the way.
Here's How It Works
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Technical Analysis is a trading discipline employed to evaluate investments and identify trading opportunities by analyzing statistical trends gathered from trading activity, such as price movement and volume. Unlike fundamental analysts, who attempt to evaluate a security's intrinsic value, technical analysts focus on patterns of price movements, trading signals and various other analytical charting tools to evaluate a security's strength or weakness.
 
 
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