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Jake Wujastyk, founder and CEO at TrendSpider, has provided an updated outlook for GameStop (GME). He indicated that, after performing some calculations, he sees the stock potentially moving to $50 or higher.
Further details on his analysis are expected to be shared later today.
Wujastyk has previously discussed using one minute candle charts in the final hour of trading to identify notable price moves, according to a recent article. He has also commented on factors that could renew interest in crypto miners such as MARA, RIOT, and CLSK, as seen in a separate piece. His latest outlook adds to a series of technical observations on individual stocks and sectors.