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$GME - Bullishness UpdateHi Ya'll Gonna keep this one short (this pun though...) Multiple patterns and indications that GME is way too oversold and that the pressure is not coming from inside GME itself but from externals like ETFs containing GME like the IWF or GAMR or XRT as well as SWAPS and other trickery. Everyone is shorting GME more and more... i think they are going on the 'official' short interest numbers being posted by the likes of S3 and others and they're forgetting that those numbers are self reported with tiny reprecussions to naked shorters... Reminder that 250% and likely more of GME's float has been bought. Hedge funds aren't interested in covering their shorts, only increasing them and kicking the can on failures to deliver on shares down the road. About this technical analysis: The OBV On Balance Volume indicator shows that no one is actually selling GME and that if anything, more people are buying. This also indicates that GME's price is dropping due to external factors e.g shorting ETFs (IWM, XRT and others). There's a decently sized bullish wedge almost ending, as expected, hedge funds want to milk this as much as possible and will settle with nothing less other than GME at the ABSOLUTE bottom of the range of this bullish wedge. I have doubts they can drop it below the range of the bullish wedge, but i don't put it past them. Regardless, now would be the absolute worst time to sell if you were thinking of paperhanding but it the absolute best time to buy in my opinion. (If you haven't yolo'd everything in GME already lol) RSI basically showing that GME is oversold e.g it's time for it to reverse upwards. Is it going to rocket up? No one knows. Maybe. Or maybe it'll just go up a bit. Again no one knows. I recon it's gonna rocket, but that's just my dumbass opinion based on nothing. The facts are that RSI says it is indeed oversold, so there. There's some common historic support between GME and the ETF that tracks it (IWM) the Russel 2000. We're exactly at that support right now. This is where we either consolidate for a week before launch or this is where we simply just reverse upwards. There's always the small chance of breaking slightly below this range, but as with all fake breakouts downwards to shake more weak hands, it'll be a fake shakeout that won't last long and is more likely to be a dip buy. I would say that whoever is shorting this so much is putting the financial system at risk, but i know better lol. There's definitely enough money out there for them to fix this infinite short squeeze when it happens and when multiple brokers and clearing houses start defaulting once this pops off. Several tens of thousands can be paid easily, i cannot speak for anything beyond that, but theoretically, it can go to infinity, but nobody truly knows where this can go. My personal bet is anywhere between 12k - 100k +. Again theoretically with the amount of shares they shorted and the amount of times they need to buy the entire float over ( anywhere between 4 and 12 times over), the price of this can go very very very very very very very high. As usual and as with all volatile stocks, GME will swing wildly UP and DOWN. If you can't handle her at her worst, you don't deserve her at her best. If you're in for a quick buck, get out before you get burned. If you're here to get your character hardened and to make money, welcome fellow ape.
NYSE:GMELong
by leenixusu
9
GME Gamestop Bullish once again???If you missed my last GME Gamestop post that perfectly touched the target: Then you should know that you can find $315 option calls for GME Gamestop for March 26. Do you think GME still has the fuel for another bull run?? I`m looking forward for your opinion. Meanwhile, if you are also interested to test some amazing BUY and SELL INDICATORS that i use, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
NYSE:GMELong
by TopgOptions
42
$GME - Bullish wedge ending & Reversal pointHi ya'll I'm not a financial advisor nor is this financial advice. I'm just an ape that likes drawing with crayons. That having been said, i believe that GME is on the verge of bullish reversal plainly based on chart technical analysis and patterns. As you see there's a nice ~1 month bullish wedge that is almost at it's end e.g breakout could be imminent. In addition to this, i've found a divergence point or a reversal point that i believe is where bullish reversal will occur. How i find these point is by using either flexible trendlines or just normal trendlines and compare their converging points with where bullish wedges end. If they are close enough together and there are other patterns to support them, then i consider them to be reversal points. In the example in the screenshot you'll see there is 1 such convergence point based on the flexible trendlines & based on the ending point of the bullish wedge, you see that they are super close to each other. Based on this, i believe that bullish reversal is imminent. I'm invested in GME for several hundred thousand dollars. Not revealing my position to prevent mining and hedging by the big boys or others. Last Night Last night ~50k GME shares and a few hundred thousand ETF shares were borrowed to short GME with. Source: gme.crazyawesomecompany.com It is in my opinion that last night's drop was a mix of the following: Fabricated by the hedge funds to created FUD / Fear Uncertainty and Doubt to shake people off GME. Some weak pathetic paperhands who sold as soon as they saw red. NSCC taking over some hedge fund's or other instution's positions due to the failure of one or more entities to provide their SLD (Supplementary Liquidity) when they were margin called after Friday's Quadruple Witching Day (T+2 settlement from Friday). Other unknown factors What does the above mean? Last night there was a single $637 MILLION order showing up in the books after hours. This was likely the NSCC having taken over someone's short/long positions since that entity failed to post their margin SLD. I think soon we're going to see a liquidation of these assets to cover that entity's short overly naked short position on GME. Last night GME's 10k report also showed that GME is likely headed for a short squeeze as it's been mentioned in the 10k report itself as legally required by law to do so if your stock is experiencing this type of volatility. Nothing special, but nothing to cough at either. This first liquidation is likely the first one to occur in a series of liquidations. More are likely to occur as we go forward in time and failures to deliver increase as it slowly becomes harder and harder for failures to deliver to be hidden in SWAPS on other assets like ETFs or treasury bonds. The clock is ticking in my opinion and it's just a matter of time until whoever is on the hook for 200+ million short GME shares out of the 45 million available (not really available anymore lol) share trading pool... Once these 200 million shares (400% of the share float) start to get covered as some hedge fund positions are liquidated and forced bought in on market price by the NSCC more and more naked shorters are expected to get burned causing a cascade margin call by the NSCC due to the new DTCC rules that require the NSCC and others to margin call brokers and brokers of brokers ON THE SPOT INTRADAY and asking them for an extra SLD to prove their ability to function. Once this cascade starts, you can expect GME to skyrocket. Until then it's all going to be fun and games between retail and these very ballsy big short position owners and their ever growing short positions. I bet you some of these 'clever' suits are just small firms and even retail people selling naked calls and shorts and just generally having naked positions not knowing that 250% of the entire share float is bought out. They are going to get horribly burned WHEN this blows up in their faces. Reminder, naked shorting by firms/institutions is illegal. tldr: Buy, Hold. Be insane. Red is just a number. GME's price doesn't matter, it'll go up and down, enjoy it like a rollercoaster. Any price is a bargain right now... it really is. Once this blows up into a short squeeze into the multiple thousands, tens of thousands, or just generally an infinite short squeeze due to the 250% float overboughtness..... Yeah you're going to wish you were a part of it. I DON'T believe they will get out of this whole ordeal unscathed. This is history in the making.
NYSE:GMELong
by leenixusu
2
A possibility...So, the red key there I put next to a segment of red line. When it comes to these pennant continuation patterns, my understanding is that when they complete they go up by roughly the measurement of the left side (flat side) of the pennant. That segment of red line is the same length as the green arrow over on the right. What I'm thinking is that the pattern might complete at some point along the horizontal green line above the pink arrow, and from there go up roughly as high as the length of the back of the previous pennant. Just thinking out loud here, folks. Happy to hear your thoughts!
NYSE:GMELong
by Incogniteaux
$GME - Possible breakout 24'th - 25'th MarchHi ya'll I'm not a financial advisor nor an oracle. That having been said, here's my 'thesis' (more of a dumbass opinion based on nothing substantial). I suggest you don't take it seriously. Regardless, here it is. Last month on the 24'th - 25'th, we saw a big surge in GME's price. This month on the 24'th - 25'th i believe we will see the same uptick in GME's price (probably bigger) What i base this on is that last month's move up was due to Jim Bell having been removed from Gamestop. This month on the same/similar date/s Gamestop has gone ahead and removed their CCO (Chief Customer Office) who only did a good job in running the company into the ground. In addition to this pattern, today is GME's earnings 1 hour after market close. Earnings are expected to be beyond stellar especially because of the new console Cycle that GME was able to take advantage of. Of course it supposedly won't excuse the current price of GME some will say, especially anal-systs with interests in driving this stock below $10 for 'reasons'. Currently GME has ~45 million shares available to trade as a public float. Of these 45 million shares, everyone currently owns around 250 million shares based on publically available data. Yes you heard that right. GME is also the most shorted stock out there. Short interest and short ratios given by S3 and other professionals in my opinion cannot be trusted as the formula used to make up this short interest number is not industry wide accepted. It's been changed just for GME to include synthetic shares e.g the 200 million extra shares that have been created by the shorts or naked shorts. If you don't believe this, you just need to go online and see how much Gamestop shares are owned by institutions, retail and others and add it all up together and try to come up with a good excuse on why this supposedly not true. I've followed GME for the past 3 months. It's been shorted to heck daily by using a method called ETF stripping. Specifically shorters used the XRT ETF that until 2 days ago was ~15-20% GME weighted because they wanted to avoid created more FTD's / Failures to Deliver e.g shares that never arrived because they either never existed or were created out of thin air or simply could not be located. I'm in on GME for several hundred thousand dollars. Not going to reveal my position as it can easily be mined and hedged against. The GME short squeeze never ended despite what the Motley Fool, Bloomberg or other MM say. Them saying those are in fact a part of a disinformation campaign paid by big hedge funds and institutions who have a short stake in GME and don't want more people to pile on. GME is and has been more alive than ever. And no $200 is not expensive. When the hedge funds or whoever has this short stake runs out of steam, the GME bubble will likely pop to several thousands of dollars if not tens or hundreds (Not kidding). This is because of the amount of shares shorted and the amount of shares owned out of the 45 million share pool (250 million shares or more owned by people.......). So next time you go and read how much GME is shorted and someone tells you it's a meager 20-30-40%, try and find out how they come up with that number. Scrutinize it. If you won't then you should happily walk away from GME. Also GME is not for the faint of heart or swing traders. Make no mistake. It's super volatile and will swing up a lot and down a lot. If you can't handle her, don't buy her. Please also beware of bots on other social platforms with pre-written messages just saying: "I sold my GME!!!!!1!!" or basic easy to spot stuff like that. There's a lot of bots hired both on reddit, twitter and Facebook that are spreading this type of bs. Thank you for your time.
NYSE:GMELong
by leenixusu
3
GME Seeing Heavy Support, Will we see a Retest of 300+?After a near 50% crash over just 5 days, GameStop (GME) is seeing heavy support at the 21 day EMA, and we're back at a 222 handle. My play here would be to exclusively short GME when we see the upper band of the flag tested near 300+. But, to be honest, with risk so incredibly sporadic, and flows (and price) essentially blurred by MM and Fed manipulation, I'm staying away from GME until I see another massive rally. Then my plan would be to short back to sub 250's...
NYSE:GME
by Hedge_Of_The_World
8