bearish abcde pattern in the bullish triple combinationthe bearish abcde pattern completed under the median line of the pitchfork and ready to slide to $72.
Gamestop
Gamestop (Breakout)Gamestop is trading within a descending pattern (orange triangle), with the relative strength index trending down (below the orange line).
Price target (within reason) is the previous high $491.32 (dotted green line).
Expect pricing to stay within the yellow lines.
The Pink circles indicate touches on the trendlines.
*expect some additional volatility.*
GME idea #1GME in a channel around September & this month's lows.
Will look for longs above channel and at bottom of channel.
GameStonk! Potential breakout imminentAscending triangle at the edge of the rectangle. rectangles are same slope as previous setup so could see a nice pop and back test 230 on breakout
Looks like we are entering a meme stonk rally
AMC's 3rd Squeeze PredictionAMC has been prepping for it's next squeeze for almost 5 months now. Short Interests is at all time highs meaning shorts have not covered and the technicals show bullish momentum starting to build up once again.
Some indicators that suggest the next squeeze is starting.. low volatility, low volume (increasing now), high short interest, pennant close to breaking out, and previous trend analysis.
My price target is taken from AMC's Speed Trendline & Fib Retracement levels which suggest the next squeeze will peak end of November at around the $150 area
Low/High Weekly Price Targets:
October 22 - $38/$48
October 29 - $42/$62
November 5 - $52/$80
November 12 - $73/$88
November 19 - $87/$104
November 26 - $96/$150
Crypto vs GME/AMC vs Evergrande in the Last 3 MonthsA 3 month chart of the returns as a side-by-side comparison. That red line slowly sinking into nothingness is Evergrande, the lines in the middle are GameStop, AMC, and a random ETF I found on the real-estate market here in the US.
How the Evergrande crash will affect the US markets is yet to be seen (it'll probably take at least a business cycle or 2 before the effects of it show up here) but we do know that it will be negative, potentially recession-inducing.
As you can see, as the real-estate market dips, crypto is actually doing better, not worse. People liquidating their assets in China may have lead to the runs that we see today -- and right now where the interest rates of banks are low, crypto is the only asset that makes any sense if you want any sort of reliable return.
If this trend continues, we could see a jump in crypto prices like never seen before. Crypto is also what you call a "inflation friendly" asset because it's not beholden to supply chain issues like other assets are so it's more likely to adapt to economic conditions much faster -- at the very least, it will be affected differently.
But the important thing to pay attention to for the #crypto folks is how this is talked about in public -- if you notice, about a month ago crypto and #blockchain markets have taken a slight hit -- but the media around then started publishing articles how Bitcoin and Ethereum was "tanking" along with the real-estate market, due to Evergrade scares. This is what's called "cherry picking" your data set, since the overall trends show that the two things obviously don't correlate.
Don't get caught up in other people's problems, other people's fears, in other words. Misery loves company, after all. Crypto is in for some good times ahead, I'm pretty sure of it now.
GAMESTOP GAMESTOP (GME)
1 DAY TIME FRAME
LONG THEN SHORT POSITIONS
If you like my analysis give it a thumbs up.
If you have any questions please feel free to leave a comment below or send me a direct message.
SolarFX
Can't Stop, Won't StopThis is about how well the stock market is going this year.
Did anyone actually think GME would fade away?
Can't wait to see the 1yr anniversary.
GME - WeeklyCompleting Wave C correction on the Weekly. Need some buying pressure to come in around the 170 zone or it could fall back to 140. Expect the kitchen sink to get thrown at this thing between now and October 18. My triangle is apex'ing at ~ October 11, 2021. But, the end of the debt ceiling on (~October 18, 2021) does seem like a perfect scapegoat for chaos when this thing flies along with all the ETFs it is going to prop up to prevent the outage like last time.
What a beautyMassive triangle about to meet it's apex, we've seen this move FAST on very low volume, can't wait to see this play out
AMC $29 is possible..but so is the moooon.comment below what percent or odds you think we hit...
A. 29-31ish again before mooning.
B. or we bounce before and moon.
C. or we go below $29
i think we have a 70% chance on (A)
ALL UPTRENDS + BULL PENDANTAny DD at this point would be a waste of time as you all mostly know by now the stock is being manipulated heavily by naked shorts. That being said were just looking at the chart for a time and price estimate. As you can see most of the uptrends are all looking in the same direction. Theyre all looking at around the $500 + price mark at around the end of October or beginning of December. To me this seems reasonable. It may correlate well with banks needing 1 trillion by the first of October. To me the worst case scenarios is it dipping slightly before launching. As always, I do this for fun and make a pretty decent living out of it but I am not an advisor. I DO NOT TRADE this stock, I ONLY BUY AND HODL. Most of the stock market is risky for me at the moment and I feel GME is a safe haven for my funds.
Thats all. have a nice day!
God Bless
GME headed to test 230s?See my earlier idea on GME post-earnings
Looks like we have a nice support around 200. I have added to my position at these levels
Based on fib numbers, if it can break 211 this week will be looking for a move to test the 230-232 resistance area
Not financial advice, just my take on where I see the upside
Follow for more!
GME Weekly Bullish SignalsThe last time MACD crossed over Signal and RSI crossed over EMA together GME ran up to 350. If it forms a higher high than May's run-up it could reach the 1.236 Fib ratio of the most recent high-to-low trend, $418.92.
BUY GAMESTOP 14/9/2021Stock above EXMA 200 and still in uptrend Stock is making higher low and tests the EXMA 13 and EXMA 34 So you can buy target 308.1 stop loss 145 Good luck
GME Gamestop higher than expected net loss Yesterday i saw two times more puts than calls on the options chain for GME.
Gamestop reported adjusted net loss of 76 cents a share and net sales of $1.18 billion.
The analysts consensus called for an adjusted net loss of 67 cents a share and sales of $1.12 billion.
Let`s wait for a pullback to the key support levels then.
GME earnings call dip then pop?Tomorrow we see if history repeats itself; historic trend has been for a post-earnings call dip followed by bullish retracement
RSI looking oversold at these levels but earnings call will be the strongest catalyst for any price movement up/down. Any positive news from RC tomorrow and this rocket may take off
w/ a dip, prices may fall temporarily fall to 160-180 levels before rebounding
w/o a dip, price target 400+?
Not financial advice, just my thoughts
Let me know what you think!
Analyzing GameStop GME Stock ChartFor those of you trading the meme stocks.... this one for you.
I took at look at Gamestop (GME)
Here's my analysis...
Watching in the 1 Hour chart.
Positives:
Price is bouncing off lower trend line.
Currently price is hitting previous support.
RSI and MACD reading oversold.
Negatives:
Price met a lot of resistance above $200
Current trend is down
Fundamentals are weak
Price prior to the Reddit move was well below current levels.
P/E is astronomically high at 10,140!!
In comparison, AMZN is around 80... and even that's high.
Opinion:
This is a highly risky trade.
Based on technicals, there is potential for a run-up again to $300-400 range. But this is a huge maybe considering it's majority depends on retail and not institutional money.
If it does run, it will end very quickly like previous runs.
In my experience, market makers like to project possible run up influencing the technicals that retail traders are using, convincing traders of a run before they pull the rug from under you.
If you do decide to enter, I'd look for a current dip to previous lows before entry and have tight stop losses in place. As always, don't use money your not prepared to lose. set your take profit within reason of the upper support and... don't be greedy.
As usual.. this is not investment advice. DO YOUR DUE DILIGENCE!
Best of luck trader!
why i feel is going down helpWhy i feel the price is going to 145$ again ???? HELP!!!!!! tell mee before the earning report!
ESports - The Underdog - Draftkings Competitor - BUYAnother forgotten gem it appears. *valuation matters NOMO FOMO in Crypto Ponzi Pog world. Sports, Gaming, Gambling and #cannabisreform should provide the next greenshoots.
#MSOgang #thegem
$GNLN
#gethigherstandards
Learn to INVEST, STOP POGGING!! You'll do alright.
