GameStop Corporation gapped down slightly on Thursday before experiencing volatility, which caused the stock to fluctuate over 7 percent during the first hour of trading. The stock has experienced a massive rebound lately, after falling about 70 percent off its Nov. 3, 2021 high of $255.69 to reach a March 14 low at the $77.58, where it reversed course and swung about 157 percent higher to reach a high of $199.41 on Tuesday. Since then, GameStop has consolidated lower and the sharp rise paired with the recent downturn has settled the stock into a bull flag pattern on the daily chart. The bull flag pattern is created with a sharp rise higher forming the pole, which is then followed by a consolidation pattern that brings the stock lower between a channel with parallel lines. For bearish traders, the “trend is your friend” (until it’s not) and the stock may continue …
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