GameStop Corp. shares are trading lower Monday alongside other meme stocks. The stock is continuing to slide lower after the company’s quarterly earnings report last Wednesday showed a 30 percent revenue boost, but a large widening loss-per-share. GameStop was down 1.23 percent at $137.96 at time of publication. GameStop Daily Chart Analysis Shares look to have recently crossed below the higher low trendline in what traders would call an ascending triangle pattern. The cross below the support level is showing that GameStop has been unable to continue the uptrend it has been on. The stock trades below both the 50-day moving average (green) and the 200-day moving average (blue). This indicates bearish sentiment, and each of these moving averages may hold as an area of resistance in the future. The Relative Strength Index (RSI) has been in a steady downfall since the middle of November and now sits at 30. …
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