Roaring Kitty GME class action lawsuit dropped after 3 days
- GameStop Lawsuit Dropped: A GameStop investor dropped a lawsuit against Keith 'Roaring Kitty' Gill just three days after filing it.
- Reason for Lawsuit Dismissal: The reason for the quick dismissal of the lawsuit is unclear, and the law firm representing the plaintiff did not comment immediately.
- Lawsuit Details: The lawsuit alleged that Gill orchestrated a "pump and dump" scheme with GameStop shares for his benefit, causing losses to investors.
- Legal Analysis: A lawyer suggested that the lawsuit had weak arguments that could easily be dismissed by Gill through a motion to dismiss.
- Gill's Recent Moves: Keith Gill made a surprise comeback on social media, disclosed GME call options, acquired more GME shares, and purchased a significant stake in Chewy, leading to speculation about another short squeeze.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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