$GME Update, Breakout +18% Today - Position up 40%
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As I predicted 2 weeks ago, GME showing parabolic momentum breaking out of its consolidation channel. Currently sitting on the resistance point of $211, which is the 38% Fibonacci retracement level, a strong close above these levels can indicate a move to the next 50% retracement level near $260 price point. Seeing a lot of resistance on the Level 2 near $211, but with this stock being Gamestop, I expect nothing short of surprise to how far this can move.