Monster Beverage price returns higher – Forecast today
GameStop Corporation (GME) stock extended its gains in its latest intraday trading, successfully breaking above the key resistance level of 24.50. This significantly increases the chances of extending the short-term corrective bullish trend, especially with the stock continuing to trade above its previous 50-day SMA, which provides renewed positive momentum. Additional support comes from positive signals in the Stochastic indicators, despite being in strongly overbought territory.
High-risk warning: GME belongs to the so-called “meme stocks,” which are characterized by extreme speculative trading. As a result, the stock’s movement often deviates from technical expectations or financial reports and can sometimes be…
