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Jake Wujastyk: GME target set at $31 as meme stock trend continues
Jake Wujastyk has set a $31 price target for GME, highlighting continued interest in meme stocks. The tweet references recent market moves involving CAR and BIRD, suggesting that money is rotating into new speculative opportunities as part of an ongoing trend described as 'musical chairs.'
Wujastyk sees GME potentially gaining attention as traders shift focus across different meme stocks.
Wujastyk has previously analyzed patterns in broader market indices, noting that the S&P 500 often falls below its 200-day SMA before rallying. He has also observed Microsoft trading at the November 2022 VWAP pivot area, with momentum picking up in early 2023. These commentaries follow his ongoing tracking of technical levels and short-term trading behavior.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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