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While GameStop still has upside to $500, investors require to be aware that conventional technological and fundamental evaluation has restricted use in this type of a situation, claimed Gareth Soloway, chief market strategist at InTheMoneyStocks
" When you enter into these sorts of market environments you need to understand that technicals don't matter anymore, and also basics don't matter any longer, and as an investor you have to acknowledge that as well as stand back," Soloway claimed.
#GME #AMC #WSB
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This is how you trade GameStop, AMC right now; how high could it go? Gareth Soloway
While GameStop still has upside to $500, traders need to be aware that traditional technical and fundamental analysis has limited use in this type of a situation, said Gareth Soloway, chief market strategist at InTheMoneyStocks
“When you get into these types of market environments you have to realize that technicals don’t matter anymore, and fundamentals don’t matter anymore, and as a trader you have to recognize that and stand back,” Soloway said.
#GME #AMC #WSB
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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