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Gamestop

GME 48 resistance levelWe've been seeing perhaps a bottoming out process in the past few sessions at the low 40's level. If it manages to make a move higher, it will run in to the 48 resistance level. It's key to see if GME is able to break above this and move to 60, or get rejected and either consolidate some more or head lower. Watch the RSI levels. I think getting in at 48 ish after it breaks and manages to stay above the level and riding it to 60 may be the play here for a 20-25% gain. I still wouldn't hold this stock assuming some kind of "to the moon" wishes still.
NYSE:GME
by grenadetrade
1
My success with GMA +500% by TA.At the end of August 2020, I saw that the GME price touched its historical low (the lower red horizontal line). At the same time, the "Diamond" reversal model was formed. The breakout of the" Diamond " up on 31/Aug/2020 confirmed the reversal from the downtrend to the uptrend. Next, I used the old-school tactic of "Measured movement" according to D. Schwager - according to which each new wave of growth is equal to or slightly greater than the previous one. And each new wave of falling is equal to or slightly less than the previous one. And this "Measured Movement" clearly bounced off the support line of the new trend (the purple line). This allowed me to surf both long and short until mid-January 2021. Then the growth became threatening, I closed GME and took a profit of about +500%.
NYSE:GMEEducation
by Dr_Chester
8
The GME Fiasco Demonstrates the Need for RavencoinYou are probably aware of the unprecedented events surrounding Gamestop stock, retail investors, a potential short squeeze, and market manipulation by institutions. Thousands of retail investors like myself lost out on what could have been hundreds of thousands of dollars in gains on GME stock due to illegal abuses of the influence that brokerages and hedge funds have. The legislation is already in place to prevent the naked shorting that led to GME being shorted 140% of float, but it still happened. The legislation is in place to prevent the unbalanced and severe effects that Robin Hood had on GME stock by blocking buy orders for GME and not blocking sells. But it still happened. The potential for the short squeeze was a mathematical inevitability, and even now the brokerages admit that the price could have climbed into the thousands, had not the price been tanked by the halt of buy orders. But it hasn't happened, and may never happen now. We may see some punishment doled out for this, but we'll never see the money we should have made, which for most retail investors would have been life-changing. The issue therefore is not with the laws, but with the limitations with law itself. Rules against this kind of inequitable market influence and mechanical control over trading are not sufficient to prevent it. The only thing that can truly prevent it is that the conditions for this inequity don't exist in the first place. That is what decentralized finance provides. The cryptocurrency Ravencoin (RVN) is commonly referred to as being to assets (like stock, gold, art, etc.) what Bitcoin is to money. Ravencoin is built such that asset tokens can be created to represent real assets, either in the generic sense (i.e. many identical gold bars) or in the specific sense (i.e. particular works of art within the larger asset of "art"). Such a system can be used to distribute, buy and sell stocks. It could be also be used to distribute dividends, and even potentially handle the options market. Were such a decentralized system in place, no institution or individual would have the power to shut down the activities of other traders or manipulate stock in the way that Robinhood and other brokerages have in the GME fiasco. Regardless of the laws in place, this wouldn't have happened had the stock been represented by Ravencoin assets rather than paper certificates. As the continued democratization of finance grows and more average people enter the markets, the protections that cryptocurrencies and decentralized financial systems offer will be more and more crucial in pushing that forward. I have invested in Ravencoin not only because of the potential profit from that growing movement but also because I like technology and believe in the principles it can be used to uphold, of fairness and liberty. If you got into crypto now you would still be early! Disclosure: This is opinion, not advice. I have positions in both Gamestop and Ravencoin.
BINANCE:RVNUSDLong
by NoWorkOnlyTrade
$GME Gamestop Sideways "C" areaI want to point out the moves in this stock in the past few weeks, in the areas highlighted. If you are someone who believes in the "diamond hands", reddit stuff, and technicals are out the window, move on - this will be a waste of time. Regardless of what may be brewing in the behind, technicals, not always, but often, tells us where the stock MAY be headed. There are no guarantees. But it's better than a guess formed by a bunch of committed users on reddit, with a avg price point of $200 GME. Area A shows the period of indecision, consolidation, heavy activity, call it what you will, before the stock took positive momentum and shot upwards; we can see this in the technicals, with the VI, volume and RSI. Area B show a similar activity, but on the downside movement. Now let's ask ourselves, which of A and B does the current state of the stock, area C more closely represent? I don't see volume, i don't see positive VI, or and RSI that seems to show momentum to the upside. Having said that, can it build a "base" from this point on and the price begins to go higher'? Sure. Should be closely monitored in a shorter period chart, if you're looking at this stock on a daily basis. I've been looking at this stock and trying to block out all the noise and look purely at the technicals and patterns. As far as i can tell, i will wait and see if this momentum is to the upside, even if it means buying it at a higher price. I've seen so many "diamond hands" buying this on the way down, as if something WILL happen for sure. There are zero guarantees in life, except the fact that we are all going to die. Don't die with this stock unless convinced otherwise, folks. Happy trading and for all GME holders, good luck.
NYSE:GME
by grenadetrade
3
GME Back To NormalI wasn't going to get involved, but I'm only seeing naysayers to Gamestop at this absolute steal of a price. I personally had a Gamestop Rewards membership, played Kongregate all the time, and shopped there semi regularly prior to even really knowing about finances. I can't express how much I enjoy gamestop as a company, from a consumer standpoint. From a trader standpoint, I can't help but notice the very natural climb up to where it was just prior to that explosion and how it has steadied out for the most part on the other side. MACD looks to have recovered and RSI is fairly low. I think it's ready to continue that more natural climb. From my estimation, I think $250 is a fair value for this company for a lot of reasons. A lot of people I hear that are holding bought in that range, I think with only 69M shares a 17b market cap is nothing for a mogul like this, the new management is a power team just to name a few. Let alone being broadcast from Congress tomorrow. To the brass tax: 172 @ 50.23 If some kind of crazy thing happens tomorrow or in the next few days I'll take whatever crazy price is offered. I'm looking for 250 as a long term investment, maybe within 1.5-2 years. I've already marked it off as a loss otherwise.
NYSE:GMELong
by LemonKing
GME H&S next target 5$Hello. We all know GME has no future and is an obsolete company that did not make the jump to modernization of the current technological era of Gaming and business. The big rise was credited merely to the manipulation of stocks and triggering the closure of Shorts from the Hedge Funds. But now that it all has settled, the real value is about to return to it's 5$ mark. Looking TA-Wise we have a big Head and Shoulders pattern. Going by that type of trading on log-chart it's bottom is to be found at the 5$ support. Wish you all luck trading! :)
NYSE:GMEShort
by TradingandNews
13
AUDUSD APPROACHING MONTHLY RESISTANCEAs we can see AUDUSD is approaching to a very strong monthly resistance zone . So how to approach this situation? Simply if we can see that price going bearish on 4hr timeframe we can take an short postion . And we can expect to price to fall till Tp1 and Tp2 (consider taking some of the profit on Tp1 and let the rest trades run) . Remember to be reactive not predictive ! Follow me for more updates as I am gonna post daily educational content .
Short
by Bulls_and_bears_academy
$AMD is the future's WorkHorseIf yall have been sleeping on $AMD, please get woke. This chart is showing strength like we saw in 2019/2020 1YR technicals plus fundamentals (beat revenue by 200% Q4) are a sweet slow cookin recipe for YUUGE growth in 2020. Check out this article on why $AMD is better than $INTEL just based on hardware patent. >-------------+++++++++++--------------+++++++++++--------------------+++++++++++++----------------------< Click Here/ Buy $AMD These chips are the reason the $GME squeeze happened, the reason COVID has been managed so well, and the reason games/AI/VR have grown exponentially via Moore's Law.
NASDAQ:AMDLong
by bensnyder777
1
GME 226.42% short interest! (Surely after the squeeze)Hello, here I am updating you on the GME short story before anyone else (I got connections). The FINRA updated the numbers. I don't know, maybe this is some kind of error? 226%! It's USO Oil all over again... They're tearing retail to pieces. finra-markets.morningstar.com A whole lot of novices got really excited AFTER Melvin got squeezed. Tried to warn them but they were too riled up. They won a fight, felt empowered, then they overextended (overstayed their welcome) and got all mowed down. "We're sticking it to the man", the man is up 80% on his short and probably locked in profit already. AMC SI is down, from 78% to 38%, it did not get the "we're beating Wall Street" attention GME had so random novices did not get in throwing money at Wall St shorts. finra-markets.morningstar.com As always, the "little guy" is late to the party. I got called a "boomer" with a "boomer mentality" for not fomoing in, and laughed at for wanting to short sell... This time short sellers have an extremely expensive entry, and I'm sure they have loads of cash behind them, retail won't push the price to $5000 and squeeze them. I wonder why the price gapped after Melvin got liquidated. Short sellers noticing the crowd euphoria and baiting them? They took the bait so hard. I wonder if regulators, and congress which is investigating Robinhood will be able to figure that one out? It probably won't cross their minds that billions were made shorting the stock at the top when it suspiciously gapped up, and then buying was halted. They have no clue so we might never find out. They're stuck on thinking "short sellers bad", "refuse to lose", "Robinhood stopped trading to stop the squeeze". That's the dogma now. Maybe these many short sellers shorted "early", and they did want to stop the squeeze, and maybe not in which case good luck convincing the mindless herd of dogma addicts that the truth is something else. Let's take a moment to remember Oil: Robinhood bagholders did not even hold it (noobs rush to close at breakeven or tiny profit when it goes their way, and diamond hands hold when they lose), so what was the point of USO? It was just some "TA" ticker on a phone app to them? They could have bought a future with a 6, 12, 24 months expiry, that terrible ETF has heavily underperformed Oil, it was a good short (and long Oil future obviously - one with backwardation is that was available). Back then you also had the novices that thought they were geniuses that spotted $1 Oil barrels and thought for some odd reason no one else wanted to buy those. Boy did they learn their lesson when it went to -40! Wall Street is Muhammad Ali, dancing around, teasing retail, and all these novices are his many angry opponents that rage at never being able to hit. Nothing will ever change. Low skill, low knowledge, high excitation (emotional) players will keep losing, pros will keep winning, it's like the laws of gravity.
NYSE:GME
by MrRenev
14
GameStop - classic bottom with overhype after. 𝙃𝙤𝙬 𝙃𝙚𝙙𝙜𝙚 𝙛𝙪𝙣𝙙 𝙘𝙝𝙚𝙖𝙩𝙚𝙙 𝙥𝙥𝙡 𝙬𝙝𝙞𝙡𝙚 𝙥𝙥𝙡 𝙩𝙝𝙞𝙣𝙠 𝙩𝙝𝙖𝙩 𝙩𝙝𝙚𝙮 𝙘𝙝𝙚𝙖𝙩 𝙝𝙚𝙙𝙜𝙚 𝙛𝙪𝙣𝙙..🤫 𝙒𝙝𝙖𝙩 𝙙𝙞𝙙 𝙬𝙚 𝙠𝙣𝙤𝙬 𝙖𝙗𝙤𝙪𝙩 GME 𝙥𝙪𝙢𝙥? 🤓 -GME YOLO update following the start of the Big Short Squeeze.... hedge fund... high short interest rate ... It was on 15 Apr 2020. (I place a horizontal line on 01 Apr 2020). 𝙒𝙝𝙖𝙩 𝙙𝙤 𝙬𝙚 𝙨𝙚𝙚 𝙤𝙣 𝙩𝙝𝙚 𝙘𝙝𝙖𝙧𝙩?😎 We see 🚩𝙄𝙉𝙎𝘼𝙉𝙀 𝙃𝙐𝙂𝙀 volume in 3$ - 6$ range. From Jun 2019 to Apr 2020. I see here accumulation or "bottom" after price drop 45$>4$. I don't see 𝙎𝙃𝙊𝙍𝙏 𝘼𝘾𝘾𝙐𝙈𝙐𝙇𝘼𝙏𝙄𝙊𝙉 on the chart as Reddit guys sad. Nobody SHORT stocks after 90% price drop - it's madness. 📃I see it like this: 1) Smart Money open short on 40$-45$. 2) Smart Money close short on 4$-16$. 3) Smart Money accumulates a Huge LONG position from Jun2019 to Apr2020 - almost 9 months. (buy on bottom). 4) On 15 Apr we have a post on Reddit and the price starts to rise. 5) Pump. Smart Money sell the position to ppl who HODL :) 6) DONE.
NYSE:GME
by Icemoney666
3