Key Takeaways
- GameStop shares popped nearly 8% in extended trading on Thursday after a report surfaced that the game retailer turned meme stock is considering investing in bitcoin and other cryptocurrencies.
- The stock looks set to break out above a falling wedge pattern in Friday’s trading session, setting the stage for a potential move higher.
- Investors should watch key overhead areas on GameStop’s chart around $29, $32, and $42, while also monitoring an important support level near $25.
GameStop (GME) shares popped nearly 8% in extended trading on Thursday after a report that the brick-and-mortar video game retailer turned meme stock is considering investing in bitcoin (BTCUSD) and other cryptocurrencies.
The company is weighing…
