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Inverted Head & Shoulders, Cup & Handle, Bull Flag GME DailyHey, everyone. It's that time again for the latest market update on GME. The charts are buzzing with activity, and we have some exciting developments to share. Currently, we are trading within a substantial Bull Pennant on both the 15-minute and 1-hour charts. This indicates strong consolidation and potential for a significant move upwards. Additionally, we have a Bull Flag on the 4-hour chart, adding to the bullish sentiment. On the daily timeframe, we've formed an impressive Cup & Handle, an Inverse Head & Shoulders, and a Bull Flag for the handle of the cup. These patterns are powerful indicators of potential upward momentum. But that's not all! We are also in the midst of a significant Golden Cross on both the daily and weekly charts. This crossover of moving averages is a strong bullish signal, suggesting that we could be on the verge of a major uptrend. Here’s a detailed technical breakdown: 15-minute chart: Bull Pennant 1-hour chart: Bull Pennant 4-hour chart: Bull Flag Daily chart: Cup & Handle , Inverse Head & Shoulders , and Bull Flag Weekly chart: Bull Flag & Golden Cross For those who are new to these updates, it's worth noting the historical context: The last time GME had a Golden Cross on the weekly chart was back in January 2021. Following that, GME saw an incredible 12,000% run over just 183 trading days. With the return of the Kitty and all systems go across all timeframes, the stage is set for a potentially explosive movement. Stay tuned and be ready for what promises to be an exhilarating ride.
NYSE:GMELong
by impossiblebull
GameStop Corp. ($GME): High-Risk, High-Reward OpportunityGameStop Corp. ( NYSE:GME ): High-Risk, High-Reward Opportunity Trade Setup: - Initial Entry: $31.45 - Alternative Entry: $24.11 - Stop-Loss: $10.88 - Take-Profit: $125.99 Rationale: GameStop, a prominent video game retailer, has experienced significant volatility, often influenced by retail investor interest and speculative trading. The stock's history includes notable short squeezes, leading to substantial price surges. Recent discussions suggest the potential for another upward movement, presenting a high-risk, high-reward scenario. Financial Performance: In Q2 2024, GameStop reported revenue of $798.3 million, down from $1.16 billion the previous year. The company is focusing on cost containment and plans to close underperforming stores to enhance efficiency. Volume and Short Interest: As of November 15, 2024, GameStop had approximately 31.87 million shares sold short, representing about 7.47% of the float. This level of short interest indicates a moderate potential for a short squeeze. Analyst Ratings: Analyst coverage on GameStop is limited, with some maintaining a "Sell" rating and a price target of $10.00, suggesting potential downside. However, the stock's volatility and retail investor interest can lead to price movements that diverge from analyst expectations. Risk Management: Given the stock's volatility, strict adherence to the stop-loss at $10.88 is crucial to manage potential losses. The ambitious take-profit target of $125.99 offers a substantial reward, but traders should be prepared for significant price fluctuations. *When the Market’s Call, We Stand Tall. Bull or Bear, Just Ride the Wave!* *Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.*
NYSE:GMELong
by SiriusTrading
AMC, December 2024Close one, with the timing of the Debt for Equity at 5.66, GO plan, big box office movies and a peaking stock market, there's a bullish lotto play short term with at least a 100% returns. Up to the $9 - $13 range. Could last until January, but we all know AMC runs quickly, then falls as quick. The reason for that fall would likely be economic conditions getting worse and the market finally falling. ---- It is safe to assume that AMC will also feel the effect of a recession although it has proven in the past that it could care less (check out defunct symbol : AEN, October 2000). ---- Still it is wise to remain cautious and expect rejection near $11 and be ready to catch the dip. As AMC is poised to recover along with the movie business through 2025 - 2029. ---- If their mission is successful and AMC can survive through harsh months coming up, then this ticker will play a major role in a potential movie bubble that is brewing. ---- Nothing is guaranteed, there is always a lot of risks investing in non-profitable and debt ridden companies. Thankfully AMC has seen a slow but solid return to balance sheet cleanliness. Less expenses, more streams of revenues and debt is being pushed out and actively paid. There are probably more rounds of dilution coming up along the way, this is when you should have your cash ready. Because when the box-office numbers start popping up again and resume their pre COVID climb, AMC won't spend much more time down there. ______ This is not financial advice.
NYSE:AMCLong
by Ilyassou
2
Robinhood Markets. Following the footsteps of Roaring Kitty Keith Gill, the YouTube streamer known as Roaring Kitty, made tens of millions of dollars in a day from the GameStop meme stock. YouTube blogger Keith Gill, known as Roaring Kitty, earned a paper profit of $79 million in one trading day from the growth of shares of the GameStop video game store chain, recently wrote CNBC. During trading on Monday, June 3, GameStop shares rose by 21% and closed at $28 per share. On Monday, June 3, Keith Gill took to Reddit to share what appears to be a screenshot of his investment portfolio. The blogger revealed that he still holds 5 million shares of the video game store chain GameStop and 120 thousand call options on the stock with a strike price of $20 and an expiration date of June 21. Gill's bet on GameStop netted him an intraday profit of $33.6 million from stock gains and $54.3 million from options. As a result, these positions increased in value by $79 million. A day earlier, Keith Gill posted on the social network Reddit a screenshot of the portfolio, which shows 5 million shares purchased at $21.27 per share and 120 thousand call options purchased at approximately $5.68. A call option gives the buyer the right to purchase an asset at a fixed price on or before a predetermined date, and creates an obligation for the seller to sell it when requested. By purchasing such an option, a trader or investor takes a long position - long. It is opened in the hope of making money on the rise in the price of an asset, such as a stock. If GameStop's stock price rises above $20 on June 21, Gill will be able to exercise the options at $20 per share. As a result, he will receive another 12 million shares of GameStop. In total, he will own 17 million shares, making him GameStop's fourth-largest shareholder behind Vanguard, BlackRock and RC Ventures, according to FactSet. At Monday's closing price of $28 per share, his stake is valued at $476 million. Keith Gill rose to prominence in 2021 after posting a series of videos that investors took as a signal to buy GameStop stock. As a result, in January 2021, the price of securities of the GameStop video game store chain soared from $20 to $483 in two weeks, and the shares themselves began to be called meme. Did you miss something? That's all right!... as frenzy trading is back to Robinhood Markets. The main graph indicates on strong Bullish momentum in Robinhood Markets (HOOD) stocks, that are trying to recover after huge 80+ percent post-IPO decline.
NASDAQ:HOODLong
by Pandorra
Updated Ascending Triangle!I wanted to update everyone following the TA on GME. It looks like yesterday's sideways movement has widened the Ascending Triangle on the 1-hour chart, which was expected due to the Cup & Handle formation on the daily chart. This sideways movement has now set up the handle on the daily chart and makes for a much larger breakout than anticipated. Here's the latest development: Along with the widening of the hourly Ascending Triangle, the 4-hour pennant breakout has now formed a second small pennant, which also makes up the handle for the Cup on the daily chart. Additionally, GME is still in the middle of a Bull Flag breakout on the Weekly chart, on top of a Golden Cross! Here's the current breakdown: 1-hour chart: Ascending Triangle 4-hour chart: (New)Bull Pennant Daily chart: Cup & Handle Weekly chart: Bull Flag + Golden Cross I've never seen a setup quite like this before. The breakout across all timeframes is going to be something special for sure. I'm just counting down the days until these patterns breakout across all timeframes. For those following this for the first time, here's some exciting historical context: The last time GME had a Golden Cross on the weekly chart was back in January 2021, and GME saw a 12,000% move in just 183 trading days. Don't blink—we are right around the corner from history in the making! ✌️
NYSE:GMELong
by impossiblebull
1
Textbook Ascending Triangle on the 1 hour!🚀 GME Market Update 🚀 We are excited to announce that GME has now formed a textbook Ascending Triangle on the 1-hour timeframe. We are officially locked and loaded. From the 15-minute chart up to the weekly chart, this setup is exceptionally rare. The anticipated breakout across all timeframes promises to be something remarkable. Here's a detailed breakdown: 15-minute chart: Ascending Triangle 1-hour chart: Ascending Triangle 4-hour chart: Bull Pennant Daily chart: Cup & Handle Weekly chart: Golden Cross Such a comprehensive alignment of bullish patterns is extraordinary. Prepare for a significant movement in GME.
NYSE:GMELong
by impossiblebull
5
15 min Pennant has now transitioned into an Ascending Triangle! Hey everyone! Just wanted to give you an exciting update for those tracking the Bull Pennant on the 15-minute chart. As of today, it looks like the Pennant has transitioned into an absolute textbook Ascending Triangle! Here's the breakdown of what we have across all timeframes as of today, 15-minute chart: Ascending Triangle, 4-hour chart: Bull Pennant, Daily chart: Cup & Handle, Weekly chart: Golden Cross Bullish patterns are lighting up across all timeframes, perfectly aligning with the recent surge in institutional buying. Given all this, I've never been more bullish on GME than I am right now. We are on the brink of making history!
NYSE:GMELong
by impossiblebull
1
GME 15 min Bull Pennant Watching the 15 min on GME, and it seems that it has formed a pretty substantial Bull Pennant on the 15 min. This comes just after the Cup & Handle breakout earlier this week. We can also see that, the Ultimate RSI has Oversold, while setting a higher low withing the Pennant. I believe that once this Pennant starts to breakout, GME is going to stretch into the 30s, and with no current supply above $29, this may very well see it's way into the $60s real quick. This is only the 15 mind you. We still have a much larger Pennant on the 4hr, another Cup & Handle on the 1 day, and a Golden Cross on the weekly. Pretty much every timeframe is showing a bullish pattern right now. If you ask me, I would say it's go time. Remember, the last time GME broke out from a Golden Cross on the weekly, was back in July of 2020 and lasted until Jan of 2021. And we saw a 12,000 percent run over the span of 6 months. If you're currently short, you better say a prayer. To everyone else, let the games begin! 🤙
NYSE:GMELong
by impossiblebull
1
GME, IT'S GAME ON! Price Growth ImminentGME is certainly a no brainer from the current level. The daily data is suggesting a very significant accumulation and net buying. Daily higher lows has been registered. Target Prices will be 30, then 40. Spotted at 20.0 TAYOR. safeguard capital, always. -------- Here is some fundamental data for reference: (mostly outperforming, 3 digit percent growth) (USD) Ene 2023 Y/Y Kita 2.23B 1.22% Net na kita 48.2M 132.68% Diluted EPS 0.16 133.33% Net profit margin 2.16% 133.03% Operating income 68.4M 145.27% Net change in cash 336.5M 327.06%
NYSE:GMELong
by JSAL
35
GME GameStop - Short Squeeze in the Making!If you haven`t bought GME before the previous breakout: Now you need to know that GameStop (GME) is creating a buzz in the options market, especially as it gears up for an exciting week ahead! After experiencing an astronomical increase of over 121X in less than four months in the past, GME has captured the attention of traders and investors alike. This dramatic surge in price has raised speculation about the potential for another gamma squeeze, reminiscent of the impressive rallies seen in the past. With calls at the $125 strike price set to expire on January 17, 2025, there's palpable optimism in the air! The notable volume of these calls suggests that investors are positioning themselves for a significant move. Traders are eager to capitalize on the momentum that GME has built, especially with historical patterns indicating that such surges often lead to increased volatility and price spikes. The options chain for this Friday looks extremely bullish, with an uptick in activity signaling strong demand for GME calls. The convergence of high open interest and the upcoming expiration date has the potential to ignite a new wave of buying pressure, further fueling the chances of a gamma squeeze. As more traders enter the market, the cascading effects of rising call prices could push the underlying stock higher, benefiting those who are well-positioned in the options market!
NYSE:GMELong
by TopgOptions
$GME - October 1-15If anything was going to happen it was gonna happen and it didn't. I did notice this brilliant little thing though. Could mean we're having another May-Like run. imgur.com The timeline for this is October 1-15, potentially may get pushed to 22-31 Oct due to unknown factors or events around those times like another big scam company announced by Hiddenburg conveniently coming out when the data shows a run or something about Carl Icahn again. It does look nice though. I'll be monitoring its progress and see if it continues to be similar to the May run. If it does, the buy time would be 26-30 Sept. Will let you know as i have a few loans to pay off now and can't join these ones so they're all yours to destroy by inversing this post. Till then, GME looks like it'll be doing the usual boring stuff like going sideways, dumping on earnings, re-pumping the next day back to normal and then dropping slowly over time again to an even lower price point as people get comfortable selling their CC's and then covering them around the timeline i mentioned whilst getting ready to sell CC's at the new GME top thus cutting any big runs short. The good runs are the runs none of you know about, because that way no one's expecting and thus no one has their fingers ready on the CC selling button the moment they see a 10cent peak. So technically i'm the run destroyer. A watched pot never boils over.
NYSE:GMELong
by leenixusu
4
GameStop ($GME) Faces Challenges as Stock Plummets 14.65% Shares of GameStop (NYSE: NYSE:GME ), the once high-flying meme stock, plunged nearly 15% in premarket trading on Wednesday. This dramatic drop came after the video game retailer reported a steep 31% decline in quarterly revenue, overshadowing its swing to profitability. As GameStop grapples with the evolving gaming landscape and a strategic overhaul, investors are left questioning the company's ability to stage a meaningful comeback. Revenue Decline Overshadows Profitability GameStop (NYSE: NYSE:GME ) has been feverishly restructuring, aiming to revive its business by closing underperforming stores and focusing on value-added products to enhance sales. However, the latest quarterly results paint a grim picture. Despite achieving a net profit, the company's revenue plummeted by 31%, a decline that raises concerns about its long-term growth prospects. The company announced plans to sell up to 20 million shares to fund future acquisitions, marking another strategic pivot. This move follows GameStop's earlier capital raises totaling over $3 billion, which were driven by wild stock price swings fueled by retail investors and prominent traders like Keith Gill, known as "Roaring Kitty." However, the market's reaction was far from favorable, as shares slid further after Gill's return to social media failed to ignite the same enthusiasm seen in 2021. The declining sales reflect the broader trend of consumers moving away from physical game discs toward digital downloads and streaming services. This shift has heavily impacted GameStop’s core business, pushing the company to diversify its offerings. Despite these efforts, the retailer’s ability to stabilize its revenue remains uncertain. Symmetrical Triangle Breakdown Looms GameStop's technical outlook is equally concerning. Since early June, NYSE:GME stock has been trading within a symmetrical triangle pattern, with price oscillations tightening as bulls and bears vie for control. After a brief three-day rally, the stock was rejected at the triangle’s upper trendline, highlighting market uncertainty ahead of the earnings report. Wednesday’s sharp drop could signal a potential breakdown below the triangle’s lower trendline, opening the door to further downside. Key levels to watch include: 1. $18.50: This area represents a potential support level near the 200-day moving average (MA) and past peaks and troughs. Holding this level is crucial; failure to do so may lead to further declines. 2. $15.25: If $18.50 fails to hold, the next critical support is at $15.25, where the stock has seen periods of consolidation earlier this year. This level may serve as an entry point for value-seeking investors. 3. $13.25: A breakdown to this level would represent a 43% drop from Tuesday’s close, marking a critical support zone where buying interest could re-emerge based on historical lows. Despite the bearish setup, there remains the potential for a meme-fueled rally driven by retail investor enthusiasm. A key bullish target would be the $30.50 area, where traders might look to capitalize on past gaps and resistance levels, especially during periods of heightened volatility. The Road Ahead: A Cautious Outlook As GameStop (NYSE: NYSE:GME ) continues its transformation, investors should remain cautious. The company's ability to stabilize revenue and navigate the shift towards digital gaming will be paramount to its recovery. While the stock’s RSI currently sits near oversold territory at 47.61, indicating some potential for a bounce, the broader technical picture suggests a challenging path forward. Investors should closely monitor the key support and resistance levels highlighted above, as well as any further developments from GameStop’s management regarding its strategic initiatives. With market sentiment fragile and the stock under pressure, GameStop’s next moves could prove pivotal in determining whether it can reclaim its status as a meme stock legend or continue its downward spiral. Stay tuned, as GME's journey is far from over—and volatility is almost guaranteed.
NYSE:GME
by DEXWireNews
3
$GME - Small Update"PLEASE READ" Seems that the last little indication of something happening didn't actually quite pan out according to my data. There's very little chance of something occuring this and next week although the possibility exists. I see from a different dataset that i have that it's more likely that we may see something around the 5'th of August or 28'th. It's WAY too early to say anything for sure, these are just very very very early indications of something occuring. My data may flip negative way before we even reach these dates. Obviously i will let you know before those dates wether my data still looks positive or if it's flipped negative. The above chart will be invalidated if it flips negative, so please keep an eye out on UPDATES to my post as these are more important than the graph i've drawn. I have a lot of data but nothing publically digestible/understandable yet which is why i'm not sharing anything here today. It would take too long to explain the charts/data that i have and very few people would understand, instead i'm letting you know verbally what's happening so you don't have to worry about the analysis part.
NYSE:GMELong
by leenixusu
20