Gamestop
$VIX - Ready for a small-mega spike (VIX & GME intra-week moon)Vix is ready to blow up any moment. From the looks of it, i recon it'll be blowing up intra-week this week. Grab your daily contracts boys.
Make sure to be loaded up on GME, when VIX blows up, GME is going to do the next mini-squeeze but not the MOASS (Mother of all squeezes).
If this VIX pattern continues +1 more time after this, that may be the MOASS. Vix would touch 40 in that case.
Looks like people got too comfortable and thought they could buy the dip, nope, there's more dip where that came from.
Bearish flag for GMEGamestop is showing a bearish flag on the chart. It should go down now.... quick. Time for shorts to do what shorts do.
2nd Squeeze on $GME future Elliot Wave price action Please see the 2nd squeeze price action illustrated in Elliot Wave
We do consider we are already at the beginning of 3d wave which should land us at 1.618 fib extension
2nd wave was confirmed by 0.618 fib retracement.
The previous Squeeze was confirmed by Elliot Wave where 3d wave was extended and 5 waves landed on 0.618 of 1+3 waves. Amazing price action
VIRX is shorted 1,140% !!!VIRX is sitting in the exact same situation as GME was just a short while ago, with the difference being that VIRX only has a 100,000 share float. This stock could go up to the thousands, or tens of thousands per share, with only a little effort. Oh yeah, the shorts only have one day left to cover. Now is the time to get in.
FUTU parabolic move coming to an end or moon?$Futu... very aggressive moving stock here, Chinese holding company that has gone parabolic, watching to see a continuation to retest ATH or a hard drop! Not a good long term stock imo, very volatile and only recommend going in this for short term swing or day trade. Expensive premiums and high IV on contracts, choppy movement or flat movement after hours will kill your premiums and contracts will lose value quick.
*side note* I have been busy with work and school and still have some personal things to handle this coming month but will be dropping some charts and affordable plays later. As of now the market looks bloody as we rotate to different sectors each week. Set watchlist by sectors and see where the money is going. Lots of strong company names (aapl, tdoc, sq, tsla) on sale and are at a great spot to add them to long term portfolios. It is safe to stay away from short term swings as there is lots of market uncertainty due to stimulus, memes, inflation, etc. Don't get burned trying to catch the bottom, sacrifice a little profit and wait for clear signs of reversal. Don't know signs of reversal? well now is your time to do some research on TA, FA, Market psychology and more. I will also be uploading more educational videos covering that as soon as I can!
GME testing supportGME testing $95.5 resistance/support level. If this level fails price will test $72 level. Based on the Moving Average I expect the price to go to this level.
GME Cup and HandlePotential gigantic cup and handle pattern forming? By the looks of it, needs to get past 150 to break the overall current trend. May dip to around 70.
Not sure if chart analysis even works in the context of this stock as it's so volatile, but these levels are key levels if we take into account technical analysis. Thoughts?
GME In The MoneyWith the end of a monster week, a lot of 50-100 calls are in the money for next week.
My 250 PT is meant for 2 years from now.
777 is my squeeze price. If that happens to go off, I'll buy back in this range.
Goodluck, and happy trading.
172 @ 50.23 avg
250 PT
GME about to fly GME is creating a flag pattern if it holds above the $100 area it will break through $200 and if it does break through $200 it will reach $780 area
GAMESTOP GME $95 Playbook to Redemptiona quick glance at how the handler Churns the Price
a long short swing strategy
key is discipline and pyramid sizing
15M GME - another move coming soon?A little consolidation, bearish triangle. Do we get a selloff going into the weekend? Time will tell.
Head and Shoulders 1000R Neckline Broken on 1000r chart.
Target price for head and shoulders is Height of the head to neckline x 2 = Target Price.
Set Stop loss accordingly
GameStop (GME) Going Back To $11.96 X Share (TA)GameStop, everybody is talking about, we can see it all over the news.
The truth is revealed in this chart.
The GME stock is now going through an ABC correction, we are likely to see lower prices on the "C wave".
When it comes to fundamentals, all I've heard is that the company has been losing money over the years as people now buy their games online.
FA aside, it is normal to see a big strong after such strong bullish action as we see happened with GME.
This is going lower, be aware.
Additional details on the chart.
Make sure to leave a comment if you have any questions.
Leave a LIKE to show your support.
Namaste.
Esports Entertainment Group Files NJ Gaming License ApplicationEsports Entertainment Group Files NJ Gaming License Application
$GMBL today announced it submitted its gaming license application with the New Jersey Division of Gaming Enforcement ("NJDGE").
"This is our first gaming license application in the US, and once approved, we believe we will be the first esports-vertical focused sports book with a state license in the US,"
"According to a study from data firm Interpret, over 50% of U.S. esports fans said they are likely to engage in esports betting so we are confident that demand will be strong.
With a solid regulatory framework based on player protection, business stability, and growth, the New Jersey gaming industry has enjoyed exceptional growth in recent years.
finance.yahoo.com
Cup and handle?Can not confirm cup and handle, at least for now I do not see it, cup and handle requires 2 top peaks at ~almost same level. But I still bullish on it, we might run up to 20-30, then take break for some time and then we will see if we are strong enough to continue movement to 40-80. That "take a break" actually might be handle of cup if we reach 20 first.
Are BITCOIN and GAMESTOP negatively correlated?No fancy numbers here. Just an idea to make a nice debate out of it.
* As you see on the chart, BTC and GME seem to be negatively correlated since the beginning of this year. When Bitcoin started falling after Jan 08, GameStop started rising, something that evolved parabolically.
* When BTC bottomed on Jan 27, GME peaked on the exact same day. Immediately as Bitcoin started recovering posting a new aggressive rise, GameStop deflated.
* BTC peaked again on Feb 21, and 2 days later GME posted a new impressive rise, which is holding until today.
So can we make something out of this negative correlation? Could it be that retailers pour in the abnormal profits they make from GME into BTC and vice versa? How long can this last? What do you think?
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> SocialCryptopreneur
--------------------------------------------------------------------------------------------------------
$GME $250 Enter With A Game PlanGameStop is back from the ashes. For how long this time? We do not know. But one thing for sure is - You need to have a game plan tomorrow.
Back in January, we saw how $GME can bring emotionally-prepared people who know what they are doing to the literal moon. But we also saw how people who FOMO in their life savings blindly and emotionally without a plan had to call suicide hotlines during the aftermath.
No doubt, tomorrow will likely be a bloody battlefield that can either bring you lots of tendies if played right, but it can also financially ruin you if you YOLO in all your money without a game plan and your paper hand $GME once it goes in a direction that you weren't expecting.
So, ask yourself,
What risk do you see tomorrow? What are the possible scenarios that you see playing out? What are your plans to deal with them?
Do you see high risk of $GME suspending? Huge downside risk? High spreads? How much are you planning to risk? How much are you okay with losing?
Do you have a profit target? Are you planning to trade actively or diamond hand it?
Measure both the upside potential and the downside potential. Have a bear case and bull case in your mind, and create a plan for them.
But most importantly, do you like the stock?
TLDR; Have a plan, stick to it, and be prepared emotionally and financially.
My target is $250.00 with a strict 1:1 R/R depending on where I enter. Please set SL based on your own risk tolerance.
This is not investment advice so please do your own due diligence!
Support this idea with likes and share your thoughts below.
[STOCKS] The Technicals Behind Gamestop (GME) #2Hello everyone,
this is an update of my previous GME idea (linked below). Let me tell you, we rocked this trade. With an entry at $15 and another entry at $40 a few days ago, i'm already in profit and sold my position yesterday at $150.
Nonetheless, we will most likely see the price pushing aggressively beyond this price level. We have a lot of attention, momentum and buying power.
This is not a short-squeeze - this is a simple herd of investors feeling attracted to one stock.
Please be careful!
