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Gamestop

GME analysisPrice is still bullish, currently testing the trend floor where it is finding support at this moment in time. Overall, you can see that the price is approaching a wedge convergence area where it could break out into the upside and continue following the Fibonacci Retracement calculation - currently bouncing around the 61.80% support level. MACD is approaching a reversal area where it can potentially begin to push upwards again. This is supported by the sRSI being oversold, so the potential for a correction push upwards is higher. In simple-speak, the odds are in the bull's favour right now and price is still adhering to the technicals, even though it is highly manipulated. Bearish case is it breaks the trend floor and continues to push past the main support levels, but this would only happen if there were a huge sell-off from institutional investors and retail as well as massive shorting pressure - which doesn't seem likely to happen at this stage. This analysis is not financial advice, it's just an overview of what is happening currently.
NYSE:GMELong
by Siro_Guitar
GME TO DA MOONI see GME as a VERY, VERY, strong technical and fundamental play for it to go to the Moon. Firstly, GME is in a falling wedge pattern which is bullish. Also, the Bollinger Bands are coming closer together which means that the price has a higher likelihood to breakout and I believe that this breakout will be on the upside if it breaches the 180 resistance. The MACD shows the histogram flipping green which is also bullish. GME has been the online darling of retail investors and WSB, this I believe will cause GME to have a huge inflow of buying volume and opening of call contracts. GME has also been laser focus on wiping debt off of its balance sheet and aggressively transitioning to online. I do not believe GME's short interest of 26% a factor in the next squeeze. My take profits are $200, $215, and then holding the rest. My stop loss is at $153. This is not financial advice, I am not advocating the buying or selling of GME stock.
NYSE:GMELong
by kediguy
2
$GME - T+21 is tomorrowIt's obvious at this point that a Market Maker is short GME. The periods at which GME moons are T+21 and T+35. Only bonafide Market Makers are allowed to locate shares all the way up to T+21 and T+35. Today was T+20, tomorrow is T+21, the last day they have to either cover their shorts or continue for another +35 day period and fake cover by resetting their FTDs till the next period. Kudos to u/dejf2 on Reddit's SuperStonk Sub for perfectly finding the FTD reset period in his thread here. I am just expanding on the information he provided now that he's provided an extremely accurate FTD reset timeline. www.reddit.com According to Regsho, they have either by pre-market tomorrow or pre-market of the day after to reset, otherwise they won't be able to short anything at all until they've covered (or fake covered by resetting the FTDs again). tldr: Tomorrow we're either mooning or there will be shenanigans. Let's see if they still have money to run this sham or not.
NYSE:GMELong
by leenixusu
11
GME at Critical ResistanceThere's a possible trade here on GME. We're at critical resistance, and seeing an initial rejection. The daily RSI, as well as the MACD are looking bullish. We may see a breakout above the triangle, leading to another epic short squeeze near the ATH. Having said that, this would be a good time to trade extremely tight stops, as the broader market is potentially on the verge of a correction, and GME would take a hard hit toward the lower band of the triangle, if one were to materialize.
NYSE:GME
by Hedge_Of_The_World
8
$GME - What's next?Hi y'all, Disclaimer: I'm not a financial advisor and this is not financial advice. GME finally broke out of the symmetric wedge. If you don't like technical analysis for GME, stop reading now. After the Bullish Wedge: You'll notice that there's an upwards channel that's formed with GME and we may or may be not be trading inside it. I wouldn't recommend trying to day trade this pattern because it might not be a pattern/channel at all. You'll also notice that despite looks, we've actually bounced off some resistance at ~$187 ish. We'll need to break that consistently for at least 1 day to consider that we've truly broken this resistance. Additionally, if we go significantly aboe $187, there's additional super strong resistance at ~$247. If this were to be broken, then start dreaming because we might see crazy stuff happening like crazy Citadelic pressure downwards or unknown upwards pressure. The Moass: 1) May 7 - May 28 there is extremely minimal open interest on GME options. This could indicate a pressure free period for GME where a MOASS could occur. It might also not. This period is an anomaly. Not only is there an almost inexistent amount of Options Activity, there's also very restricted strikes at $390 max instead of $800 or $950 calls and $5 to $10 for puts minimum instead of the previous $0.50 and $1 dollar put strikes. So yeah it's a special weird period and could be interesting. Don't get your hopes up. Expect nothing. 2) June 9 and June 28. On June 9 we learn who we voted in on GME's board. On June 28'th we also find out if GME does indeed join the Russel 1000 or not. It's an ETF several times larger than the Russel 2000 that GME is currently part of. It joining it is the equivalent of TSLA joining the S&P500 last year. Not my problem if you don't like dates. These dates are backed by facts, it's best to have them in mind but nothing more. Manage your own expectations. Other Info: GME is paying off their remaining senior debt notes due for 2023. They are paying them off on the 30'th of April. This will allow them to pay dividends or do stock splits and other things. Keep in mind this time last year, GME's Market Cap was $612 mln. Today they just raised $550 ish million by just issues only 3.5 million shares lmao. (The total float was 70.1 million). Currently float is 73.6 million. Of that, only 26-30 million "are" publicly tradeable and with the amount of people trading GME, we can be sure we've bought all of the float multiple times over. Any remaining shorts or hidden shorts in the Failures to Deliver are not going to like what's happening. It's very likely that they will get their heads bitten off and still come back for more.
NYSE:GMELong
by leenixusu
2
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!
NYSE:GMELong
by Gameonanon23
1
$GME - 13D FTD Period Incoming1) Banks/hedge funds and friends are required to have additional collateral/liquidity available via rule SEC rule 15c33. This rule has existed since 1973 but was never enforced, until 2020 where certain people said that Banks and friends have 6 months to get their shit straight... The end of those 6 months is on April 22. Source: www.reddit.com 2) I started counting the 13 day FTD delivery periods and interestingly found an obvious pattern of both pumps and dumps. Needless to say, there seems to be an incoming FTD cycle end exactly on April 22 which also happens to be the day the 'old' rule is finally enforced. 3) Several other SEC, NSCC and DTCC rules have already been enacted in the past ~1 month alone that are building up like a drumbeat to something. Likely Rule 801 or "SR-OCC-2021-801" The rules already enacted are slowly clamping down on illegal hedge fund/bank shorting activities specifically activity that violates regsho as well as regsho inadequacies like hedge fund and bank abilities to use derivative instruments like options to hide shorts and perpetually reset FTDs. Once all rules are in place, OCC 801 can also be enacted and once that's enacted, it's likely that we'll have the GO signal for Gamestop's Mother of All Short Squeezes and other stocks liberation from excessive shorting and hiding shorts in FTDs and daily-bi-daily FTD resets. I'll probably be wrong about the above again, so take it with a grain of salt. It's one part of my own thought process about Gamestop and where it's going. I'm not providing my price target for Gamestop because it's conservative and doesn't match the price target set by most individuals trading Gamestop. May Ryan Cohen shower us in tendies.
NYSE:GMELong
by leenixusu
2