GME: Second Time Lucky? GME - Short Term - We look to Buy a break of 162.00 (stop at 134.00)
A move through bespoke resistance at 160.00 and we look for extended gains. Posted a Triple Bottom formation. 140.00 continues to hold back the bears. Previous resistance located at 250.00. The bias is still for higher levels and we look for any dips to be limited.
Our profit targets will be 246.00 and 290.00
Resistance: 160.00 / 200.00 / 250.00
Support: 140.00 / 130.00 / 120.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Gamestop
GME GameStop slightly bearish options short termGME Gamestop had 4.8K Puts and 1.6K Calls for the past 7 days, most of them being short term and leading to a price close to the $110 support.
Considering the chart and the options for GME i would say it has the chance to touch that support line before being bullish once again.
Looking forward to read your opinion about it.
Gamestop (GME) LongGamestop is showing seller exhaustion just below an iceline. Ideally, I'd like to see this occur above that iceling. However, there is triple MACD classic bullish divergence and normal classic bullish divergence on the RSI on the 4hr. If it starts to play out then the daily will also show classic bullish divergence on the RSI and MACD indicating a reversal is likely coming.
Entry: $128
Stop: $109
1st target: $245
2nd target: $285
3rd target: $345
$GME - 1 Month to the next bull runNot financial advice.
The next cycle is coming soon. Whilst there might be some movement before the actual cycle itself, the actual 90 day GME cycle is supposed to happen next month February 22 and generally +-1 week around that date.
The conditions are 100% the same as last year's January's with the option CNS Monday 21 2021 being a holiday just like it was last year in January 18 2022. The conditions are identical in this respect but it's unknown if the result will be the same.
At the least, during the cycle there will be big bullish movement as there always is.
Option IV's are already through the roof, i'm not buying into this one, but i'll laugh when there's a big price run & the IV's are in the 175% for ATM options
LRC updatewell in my personal opinion i think btc is done with the major dump. we could go down more ofc. so DYOR
for the safest entry i would wait for breakout. or you can enter now but we could very well still go down the drain. so just make sure your following your risk management
the wedge target is actually the channel/bull flag*
GME Year ReviewJust about a year since gamestop so I thought I would update my visuals and post my charts for GME in review.
My first chart was June 8 and I was learning how to chart triangles.
The next chart I created was another sym triangle breakout. you can see how well that 250 price was a hard resistance.
I started to expand my chart analysis to Wyckoff and found a good sense for why stocks move.
Then I began reading Michael Lewis books and started having fun with the SPYvsGME persona.
And reading a lot of reddit and following the back n forth on twitter.
More fun with charts and what was currently trending
After that I spent a lot of time trying to figure out how the markets move and how options were driving the wild swings in stocks.
I was going through some frustrating times at home and leaning to the dark side
By December I was hooked on trading, analysis and starting to have fun.
I don't do much analysis on GME any longer because I mainly trade SPY options & ES futures and learning about macro analysis.
That's it for 2021. I really enjoyed my first year in trading. I hope the gamestop anniversary (Jan27th for me) is a prosperous one for everyone.
I'll do another chart analysis for GME later this month and give a prediction for the year.
Safe trading everyone!
GME moving to NFT and Cryptocurrency MarketsGME Gamestop is launching a marketplace for NFTs, reported the wall street journal.
GameStop is also reportedly creating partnerships with two crypto companies to “share technology and co-invest in the development of games that use blockchain and NFT technology, as well as other NFT-related projects”.
The stock bounced from a strong support and is heading to the $225 resistance.
NAS100 Fallout - Buyer BEWARE - Growth at all Costs is No MoreFed's balance sheet runoff is the story. Not covid. Not rates.
Buyer Beware. The massive call buying addictions will end badly. Unless it's calls of $UVXY for volatility. In that case... Boom.
this is all historic. ADAPT.
Volatility is the play. $VIX surge.
$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 On weekly support, will it bounce?
!! Not a Financial Advice !!
We are exactly on the weekly support. I hope for a bounce. The options market looks bloody. kind of hard to predict the short term. One thing is for sure, that the short sellers are really happy to ride the FUD and rely on fed minutes to drive paper hands out.
Regardless, I am holding to my shares and my conviction for a better playing field for small money.
LRC Still believe LRC is going to touch 1.50-1.60 area first (which would be bitcoin at 42k) before reaching that 7 or 8 mark.
But..
Im posting this after seeing the current volume from the last few months. That alone tells me to keep holding with big rumors like Nike, MSFT, Alibaba and the bank of China upcoming. Paired with confirmed yet unannounced like GameStop.
GME Wyckoff AccumulationGME has just completed a spring/shakeout and the trend will gradually become bullish. GME IV percentile is at/near the lowest it has been in the past year, and institutions have been using this opportunity to load up stock and options. Options open interest in meme stocks (GME, AMC, NOK, BB) have been sizzling lately. Meme stocks should have an explosive beginning of the year.
RC poop tweet and GME’s future price action RC has tweeted on several occasions something poop themed. From Harry’s ski chateau blowout to an ancient looking compooper chair to taking a glorious dump in the metarverse. I anticipate a retest of the lower trend line before price begins to reflect the massive upside we all know GME has. Maybe RC was hinting at more bearish PA before the rip to the heavens.
LRC rejectedIf no announcement comes this week we can see a slow bleed for the next 4 weeks.
Down to base of flag, 1.60 areas where to the last dump wick reached. This will maych the weekly me and the gamestop quarterly report at the end of january ( or their possible timeframe for announcement ).
Wait and see plus, Accumulate.
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?
Support Trend Line Breakout on GameStop stock.Support Trend Line Breakout on GameStop stock.
Like and Comment will be hugely appreciated, thank you so much for your support.
See other ideas below too!
RISK DISCLAIMER:
Trading Futures ,Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Time to buy GameStop? GameStop - Short Term - We look to Buy at 158.81 (stop at 130.88)
Previous support located at 145.98. Posted a Bullish Hammer Bottom on the Daily chart. Daily signals are mildly bullish. The bias is still for higher levels and we look for any dips to be limited. Risk/reward is ample to call a buy trade.
Our profit targets will be 239.71 and 293.57
Resistance: 253.00 / 300.00 / 344.50
Support: 145.98 / 132.00 / 117.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.