Gamestonk
Back in the GameGameStop
Short Term
We look to Buy at 118.26 (stop at 110.74)
Preferred trade is to buy on dips. As this corrective sequence continues we look to set longs on a dip at better risk/reward levels. Levels close to the 50% pullback level of 115.39 found buyers. Further upside is expected although we prefer to set longs at our bespoke support levels at 120.00, resulting in improved risk/reward.
Our profit targets will be 147.26 and 180.00
Resistance: 150.00 / 190.00 / 200.00
Support: 120.00 / 90.00 / 77.00
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GME Falling Wedge PatternIf we don`t take into consideration the fundamentals of the company, instead we look only at the technical analysis, every falling wedge of GME ended up with a rally higher than 51%.
That could be our price target too, $174 (+51%).
Looking forward to read your opinion about it.
GME + FibTriangle = Super Bullish ! ! !Oh GME, Oh GME, are you really forming a fib triangle for FibTriangleWavesforDayz to finally give to the GME CHADS? The pattern that I owe my username to? My favorite bullish reversal pattern. I love taking a long position at the E wave. If we hit 89 or 90 either tomorrow or friday, time to buy more shares/calls. Lever tf up boys. I CANT STOP BUYING!!! BUY, HOLD, DRS, BUY CALLS!
$GME JAN PUMP starts next Monday!oh hello hello hello there my fellow GME CHADS! I expected price action to be flat (-/+5%) the past two weeks, and i still think that is possible if we have another up day tomorrow. I originally anticipated the start of the Jan Bull Cycle to begin on 1/10 and nothing has changed that! If anything, the aggressive shorting made me even more bullish for the PUMP!!! Remember buying fear is the way to go and right now the bears and MM are tryna install a lot of fear in us GME CHADS but as GME Diamond Hands CHADS we dont sell or get fearful, we buy the dips!!! This was a wonderful dip for me as i loaded up on some $160 calls that are gonna turn into lambos after this GME JAN PUMP!!! Buy your moon tickets now CHADS and remember the shorts never closed!!! NFT MARKETPLACE, 0.5$ puts exp soon, DRS!!! Lots to be excited for this coming year my friends.
GME: Hype Over?First, you must fall, then you can rise. This old saying also holds true for the GME stock. We expect the price to drop to around $54.58 and then go on to reach new highs above $500. So, there is a lot of potential still with this stock. However, the current correction needs to fully unfold, before the potential can be realised.
Any new year's resolution already?
GME Gamestop! Impulsive prospects up to USD 530
Welcome to my in-depth and detailed analysis on Gamestop GME.
This analysis was first published on 11/22/2021 at 12:35 by me Highrisk221.
Date and time information is based on Berlin time zone.
We look at Gamestop in the 1 hour chart
As we can see in the chart, the price trend wärend the last high phase on 08.06.2021 at 17:00 put a correction phase which was ended with a trend break on 25.10.2021 16:00.
The price targets of the completed ABCD correction are indicated in orange lines and are at :
Target 1 275.89 USD
Target 2 306.38 USD
Target 3 323.67 USD
Target 4 367.06 USD
Target 5 392.84 USD
The MAximal target is given as 454.77 USD for this formation.
Two more Bullish Formation possibilities have now emerged from the trend break.
Formation 1 Would be a W formation, more precisely a W formation within a W formation.
The first W Formation starts on 09.06.2021 at 20:00 USD 324.68.
Forms the middle on 01.09.22021 at 14:00 at 232.48USD
And is still pending completion, which at the renewed reach of 324.68 USD
is completed. The course goals are not yet indicated in this analysis with, but as soon as the course 324.68 USD has again reached, are nachgetragen.
The subordinate W formation starts on 11.06.2021 at 16:00 at 240.68, and forms the middle also on 01.09.22021 at 14:00 at 232.48USD
The completion was reached on 03.11.2021 at 14:00.
Currently, the price trend is in a so-called retest, with an impulsive rise can be expected when exceeding 240.68USD.
The following targets can be reached:
Target 1 316.93 USD
Target 2 337.43 USD
Target 3 530.54 USD
they are shown in the chart as green lines
The second formation that can be seen is a Cup and Handle formation it is more or less the second part of the W formation.
The beginning of the cup is formed after the rise from 05.08.2021 to 01.09.2021 at 18 o'clock it was completed on 03.11.21 at 15:00 clock
The handle formed until 10.11.2021 22:00h and corrected in the area of 0.618 Fibonacci level.
The targets of the formation would be as follows:
Target 1 252.03
Target 2 274.42
Target 3 304.39
Target 4 390.74
Target 5 477.09
Target 6 530.45
I have published the cup here in a separate idea.
The whole analysis gets an invalidation as soon as the price drops below 156.62.
If you liked this idea, I would appreciate a click on the Like button ;)
If you have any questions, suggestions or a different opinion, don't be afraid to use the comment function.
Thanks a lot
Disclaimer/ Disclaimer of liability
Always do your own research before investing and seek the advice of someone trained to do so.
The analysis shown here is to be understood as my personal opinion on the possible price development of Gamestop GME, it was prepared to the best of my knowledge and belief.
However, I can not guarantee or warrant the accuracy, completeness or timeliness.
This analysis was published for informative and scientific purposes only.
It is not suitable for imitation or investment basis, and must not be understood as investment advice, buy, sell, hold or trade recommendation.
It is expressly discouraged, a trading decision or investment, based on my analysis or other published by me, information, articles, content or the like, to perform or make.
My analyses are always based on probability calculations and on my personal experience, so this analysis must be considered as a probability statement, which neither completely, partially so or so similar, must or can occur.
This analysis does not take into account any fundamental data!
You should also be aware that trading and speculation with CFDs, foreign exchange, futures, currencies, options, warrants, cryptocurrencies, shares, securities as well as other financial and trading instruments, whether leveraged or not leveraged, is always accompanied by an enormously high risk of loss, whereby you can lose part as well as your entire capital and possibly beyond (note margin call).
Before making any trading decisions or investments, always do your own due diligence and consider your investment objectives, financial circumstances, needs as well as your level of experience and expertise.
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On average, over 70-90% of investors lose their capital when trading such financial products.
You always act on your own responsibility and therefore bear the sole risk.
I therefore accept no liability for any damage/losses that you may incur or suffer as a result of your own actions.
GAMESTONK... WHO IS READY TO BREAK THE INTERNET AGAIN?If you hold Gamestop I'm so happy for you. I personally only hold AMC but I don't care which stock skyrockets or squeezes first. The other will follow. That's facts. GME has either bounced or been rejected by the long-term trendline from 04/03 2020. It has respected the trendline as support 9 times. Friday the trendline was respected again. A lot of people were fearful this week on GME and AMC. I don't understand why, if you look back at the history of GME's chart you can see this correction or dump is not even the biggest. It fell 37% one month before the squeeze on January 28th. It fell almost 25 % two weeks before the squeeze. The volatility is normal when it comes to GME and AMC. If you've held this since January last week was nothing. This is usually what occurs before a squeeze or a big run-up. We closed above a strong support (168-169) which was also a good sign for the future. GME is looking primed for another squeeze.
GameStop 2nd massive wave of GME known as meme stock coming !?! After breaking the downward trend line and closing way above it. It is to be expected the GME start a massive rally similar to the one it made earlier and make new highs. Key levels are mentioned in the chart.
PS. such stocks shouldn't be invested without proper risk management. Don't forget to put stop losses near resistance area.
Elon Regrets Tweeting GamestonkI've enjoyed watching the GME saga play out over the past 6 months.
TSLA and the wood gang must regret when elon tweeted Gamestonk that iconic evening.
Before that tweet I didn't know anything about the stock market. You could say it was a wakening for many people.
TSLA has been racing towards this death cross ever since that night.
Most recently rallying through 2 ascending triangle breakouts only to come face to face with Death (Cross).
The battle for GamestopI don't believe GME is a coincidence, not with each arc of the story being revealed in such perfect symmetry.
See my last idea of an inner and outer symmetrical triangle breakouts .
Player 1: The Shorts . Hedge Funds, Mainstream Media and Wall Street Banks.
Player 2: The Longs . Michael Burry, Roaring Kitty, Ryan Cohen, Gamified Retail Traders and Apes in Spaceships.
This idea is a large symmetrical triangle pattern with two converging trend lines. The breakout price at $250 in August with an upwards target of $728 and a downwards breakout of 0.
The date lines are a T+21 cycle from DD found on /r/wallstreetbets and /r/superstonk.
Sun Tzu:
If it is to your advantage, make a forward move (Buy GME); if not, stay where you are (Hodl GME).
Move when there is advantage to be gained (Buy the Dip) and where this outweighs the ever-present risk of moving (covering shorts).
BOASS (Big Brother of all Short Squeezes)Medical History:
Based on Fibonacci levels expect a return to high 200s. Also expect some profit taking at that point. I am not expecting a return to low 100s, and although I wouldn't rule it out, R/R is favorable for long positions. Regardless of earnings details there will be volatility, and if a retracement occurs those who have been on the sidelines are likely going to take this opportunity to jump on the bandwagon.
Lab Investigations:
-Fibonacci levels
-Wyckoff accumulation model
-Decreasing Volume and MACD divergence
Diagnosis:
Squeeze
Management Plan:
Buy the dip
Don't forget to like & subscribe!
A big move for GameStop is awaiting Its exponential moving averages are completely congested, it will soon be looking for a way out in some direction.
It has a descending volume, which can make it more sensitive to any sudden movement.
Anything can happen with this stock. If it goes up, I think it would go to at least $350 and if it goes down, it may drop to $100.
In the last 2 occasions the stock maintained a strong correlation with the VIX (that is, it rises when there is high volatility), currently this indicator rebounded slightly after touching 16 points, if the rise continues and there is a significant rebound (at 30 points or so) may GameStop do its thing again as a backup asset.
The deadline for something like this to happen is late this month or early May, so it won't be long.
NYSE:GME
GME Bulls never left the helm of the rocket ship!!GameStop’s chart is very interesting as of late. If we ignore the FUD, media machine spewing you know who’s rhetoric, etc, what are we left with?
Glowing fundamentals (in fact, the best case scenario is/has happened and IMO, is NOT priced in yet)
Technical Analysis:
Bollinger bands highly compressed. This can indicate big volatility incoming.
Macd poised at the same position before entering bullish territory right before January gamma squeeze.
50 day MA provided a bounce (bullish)
I fully expect to test prior highs and discover new ATH very soon indeed.
HODL apes!!! It’s coming!
Wedge completes on 4/26For those of you who've been paying attention, 4/26 is the Great Conjunction. It's the point where this wedge completes and also the date when certain smug Wall St firms have to take it on the chin for their FTDs.
I wish everything didn't make so much sense right now. I almost don't trust it, but all signs are pointing toward the MOASS, ladies n gents.