Gamestop exposed to negative pressure - Analysis - 28-10-2022

Gamestop's stock fell in the intraday levels while touching the resistance of the 50-day SMA, amid the dominance of the main downward trend in the medium term, while the RSI reached overbought levels. 

Therefore we expect more losses for the stock, targeting the pivotal support of 19.41, provided the resistance of 29.65 holds on.

Expected trend for today: Bearish