Get started

Gamestop

Where is Gamestop Going Next?As I have spoke about before this is a blow off top, wave 5, and evening star formation. The price target is $17. Let me define a few things to put it in perspective. 1. Blow off top definition; Blow-off top patterns are common in securities where there is a lot of speculative interest. Prices rise, usually on positive news or on the prospect of good future news, such as future growth or the release of a positive drug trial, for example. As the price rises, more and more people get excited. More people also start to feel they are missing out, and they don't want to miss out anymore, so they buy. The higher the price goes, the number of people lured in to buy increases, and thus the higher the price and volume go. Blow-off top patterns are common in securities where there is a lot of speculative interest. Prices rise, usually on positive news or on the prospect of good future news, such as future growth or the release of a positive drug trial, for example. As the price rises, more and more people get excited. More people also start to feel they are missing out, and they don't want to miss out anymore, so they buy. The higher the price goes, the number of people lured in to buy increases, and thus the higher the price and volume go. 2. Wave five is the final leg in the direction of the dominant trend. The news is almost universally positive and everyone is bullish. Unfortunately, this is when many average investors finally buy in, right before the top. Volume is often lower in wave five than in wave three, and many momentum indicators start to show divergences (prices reach a new high but the indicators do not reach a new peak). At the end of a major bull market, bears may very well be ridiculed. 3. Evening Star; The Evening Star is a bearish, top trend reversal pattern that warns of a potential reversal of an uptrend. It is the opposite of the Morning Star and, like the morning star, consists of three candlesticks, with the middle candlestick being a star. The first candlestick in the evening star must be light in color and must have a relatively large real body. The second candlestick is the star, which is a candlestick with a short real body that does not touch the real body of the preceding candlestick. The gap between the real bodies of the two candlesticks is what makes a doji or a spinning top a star. The star can also form within the upper shadow of the first candlestick. The star is the first indication of weakness as it indicates that the buyers were unable to push the price up to close much higher than the close of the previous period. This weakness is confirmed by the candlestick that follows the star. This candlestick must be a dark candlestick that closes well into the body of the first candlestick. The reliability of the evening star is enhanced if the third candlestick opens below the real body of the star leaving a gap between the real bodies of the star and the third candlestick. This, however, occurs very rarely. Reliability is also enhanced by the extent to which the real body of the third candlestick penetrates the real body of the first candlestick, and if the third candlestick has very little or no lower shadow. Finally, volume should also be considered as the pattern is more reliable if the volume on the first candlestick is lower and the volume on the third candlestick is higher. Sound familiar? If it walks and talks like a duck it's probably a duck. Not shown is multiple similar bubble situations TLRY, SPCE, Bitcoin in 2017, etc. All bubbles burst. My advice is to get out immediately.
NYSE:GMEShort
by adriel.arrasmith
11
$NAKR another Wallstreetbets stock$NAKR is another stock that is currently pumped up by WSB (Wallstreetbets) to destroy the shorts position by hedge funds in order to cause a short squeeze that will push price up. A short squeeze occurs when a stock or other asset jumps sharply higher, forcing traders who had bet that its price would fall, to buy it in order to forestall even greater losses. Their scramble to buy only adds to the upward pressure on the stock's price. Short-sellers borrow shares of an asset that they believe will drop in price in order to buy them after they fall. If they're right, they return the shares and pocket the difference between the price when they initiated the short and the actual sale price. If they're wrong, they're forced to buy at a higher price and pay the difference between the price they set and its sale price. Short sales have an expiration date, so when a stock unexpectedly rises in price, the short-sellers may have to act fast to limit their losses. So basically what's happening right now is that there is a reddit forum www.reddit.com that's trying to fight against institutional investors like hedge funds because they have been earning money off investors by shorting more than 100% for the available stocks which technically should not be possible. That said, this stock has not much fundamental value is definitely overvalued right now but its more of a movement to fight against the rich rather than just simply investing itself.
N
by Trader_hao
4
Cautiously Optimistic of StocksStocks saw some incredible volatility yesterday. No doubt some of this is related to the GameStop saga. The S&P 500 has completely retraced the bear move only to give back thse gains and settle around a cluster of levels beginning at 3737. It is likely to find support here, at least for the moment, which seems to be verified over the past few hours. If it breaks further down it will have support at 3714. the next level is in the 3600 handle at 3694. The Kovach OBV has whipsawed which is extremely rare. Usually this indicator goes with the overall trend. This is telling us that there is an extreme amount of momentum in stocks lately, in both directions: selling and buying. It is difficult to determine the overall direction of stocks, however we still remain cautiously bullish for now.
FX:SPX500Long
by quantguy
🏓Game is ON 🍿So the game is ON, again. The people of 'Occupy Wallstreet', Reddit, Wallstreetbets and evey single one of us 'renegade revolutionaries' (there is one in all of us, including myself and you), against the machine. Time for some music to get inspired before today's new episode of 'Squeeze wars' at the GME GAMESTOP Battleground. Personally: I am just watching this show. Neutral Want to trade it? Sell high, Buy low, gamble between market closing tonight and not knowing where it will open tomorrow. And off course don't risk your savings, play with money you can REALLY afford to lose. Have fun people.🍿 ps. OCCUPY WALLSTREET, I'm all up for THAT! 🦍
NYSE:GME
by FX_Professor
26
Bitcoin, Crypto, Gamestop, Elon MuskHello! Here is a chart on Crypto Total Market Cap 2. I am not actually going to speak about the chart, more about fundamentals which I see right now. I think it is time for the crypto markets to go kaboom upwards. (like they wouldn't have yet..) (Bitcoin) Gamestop fighting. People against hedgefunds, Robinhood closing buy possibilities to the stock. This all makes Bitoins fundamentals stronger. If you start to think about it. Everything which has a 3rd party which somehow "controls" something which people see negatively makes Bitcoins and other decentralized projects fundamentals more strong. Elon Musk tweets "In retrospect, it was inevitable" and changes his bio to Bitcoin and after this Bitcoin rises like crazy. Here's a tweet about it . United States and New York hasn't even woke up yet (time in New York when writtern 6.35) so I think we will see some price movement when the US stocks open. Even before. If you take trades and are not holding for long term use stop loss. Otherwise you will get your ass burned! -Jebu
CRYPTOCAP:TOTAL2Long
by PalenTrade
2
Silver is the latest market boomYou probably know what happened to GameStop. The new instrument that has aroused the interest of regular investors is silver. Yesterday we saw a rise of almost $ 2, but immediately after that the price fell off. Today we have the opportunity to see a new rise. Confirmation will be exit from the triangle and a break of the previous peak. Expectations for higher values can be very high, but the initial targets for silver will be 27.36 and 28.42! If you have questions about how to trade this or another situation, contact us! To support us, like and comment!
FX_IDC:XAGUSDLong
by ForexTrendline
4
100 Year Wave Analysis on Dow Jones: $1 million by 2040Based on neowave analysis, it looks like the stock market is reaching the end of a 20 YEAR (!) corrective pattern. Wave-e of F is currently underway and could take a couple years to complete, meaning the next few years may be choppy, but overall with the quick response of monetary and fiscal policy to any financial shocks we'll likely see wave-e skewing upwards, and then ultimately when it finishes we will begin the largest, fastest stock market bull run in history which could take the Dow to around 1 million dollars in 2040! This will mark the beginning of a new inflationary cycle throughout all of the markets, where people will actively seek to hold any assets other than fiat currency which is increasingly being perceived as being devalued. The stock market bull run will be built on the backs of both blockchain and AI. Companies will begin holding cryptocurrencies on their balance sheets which will allow their stockholders to profit from the increase in alpha that crypto assets provide, and they will also begin using smart contracts to automate and decentralize certain market functions. We'll also see a massive increase in AI and robotics that reduces the cost of labor for many companies dramatically. The tokenization of stocks will also remove restrictions that make it hard for people in foreign countries to trade foreign stocks, or sometimes even their own domestic stocks if the traders are unbanked. This will allow new money to flow into the US stock market from around the world and help push stocks further upwards. We won't see it immediately, but the long-term downstream effect of all this monetary easing and printing over the last 20 years, is that prices 20 years from now are going to be dramatically higher than they are now. CPI Inflation will probably rise above 2% for a few years as the FED has increased their target for inflation to make up for the low levels of inflation we've experience during this deflationary cycle. Things like healthcare, education, and housing will cost dramatically more than they do today, basically excluding all but a small financial elite, except that the government will end up paying for it for everyone and will probably implement UBI as well. Food and energy prices could triple or more. Wages will increase somewhat to keep up with this but it won't be enough for many people. If you're not investing your money now you are looking at a not so great future. If you do invest your money this is going to be extremely profitable for you, especially if you invest into fundamentally sound cryptos. It may take the Dow Jones 20 years to reach 1 million from 30k, but Bitcoin could do it in 1-2 years.
TVC:DJILong
by Intuit
15
ENJ/USDT Might Be Smashed by the Sellers 🔨🔨🔨💡 Trade Idea 📈 Sell Limit ENJ/USDT @ 0.38546 🎯 Target Profit 0.29914 🛑 Stop Loss 0.40893 ❌ Do not risk more than 1 % of your account on each trade 🙂 Good Luck ! Description: The price was moving upward before reaching the 0.4655 daily resistance. It posted a head and shoulders near this level, and now it is trading under the neckline. Our expectation is a higher correction, then a move downward to the 0.29914 mark. ------------------------------------------------------------------------------------- Please press “Like” if you appreciate the trading idea 👍 “Follow” for more trading ideas in the future 👀 “Comment” below to share your thoughts with us and other traders 👥 ------------------------------------------------------------------------------------- Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️
Short
by CollegeofPips
12
Go long XSVMXSVM is an excellent ETF to give you exposure to a large variety of quality small-cap stocks. It has a low expense ratio and has a good set of holdings. Its largest holding is Gamestop, but the pain should sort itself out over the next week. I would start a position in this and continue to load the boat as it approaches the lower end of the trend line. The small-cap value area of the market should do well in the years to come, the imminent stimulus bill should throw some more gasoline on the fire. This is a long-term hold, 3-5 years at least. It should work out relatively short-term, say to the end of 2021; but this is an investment vehicle that is best to average into overtime for long-term gains and appreciation.
AMEX:XSVMLong
by EBITDAtiger
GameStop $440 in premarket GameStop GME, the video-game retailer that is closing shops because of Covid and became famous now with it's association with the Reddit message board-fueled retail attack on institutional short sellers has just touched $440 in premarket trade. The loss-making retailer was priced at around $19 heading a few weeks ago and $60 last week before storming higher. GameStop has become the poster child for the 2021 stock market and its incredible volatility and speculation. The stock has gained 1,700% in January, causing pain to short-sellers. A trade like none we have seen before. The huge moves in GameStop (GME) stock have been, very clearly, the result of a short squeeze. A squeeze is a phenomenon that can occur after big gains happen in a stock that, in turn, cause mounting losses for short sellers who are forced to cover their positions. Even Investopedia had to rewrite their short squeeze articles. WHAT'S NEXT? People hunting for the next Short-squeezes will be a new hobby to many. Especially young traders, normally those who are currently on Instgram and Telegram groups about cryptos. What I would also expect is the SEC coming out with some new circulars. ps. I heard about this on Youtube but for sure there will be a film about all this in a few years. Title ' The Big Squeeze' 🙈
NYSE:GME
by FX_Professor
5
$GME gamestop rallyHere are some of the stocks getting pumped right now. Enter at your own risk because this is super super risky. $GME, $BB, $BBBY, $AMC, $PLTR, $NOK, $NAKD $GME gamestop has been getting pump for a long time now. Individual investors — particularly on the Reddit chat forum “WallStreetBets” — began buying GameStop shares and encouraging others to do so. GameStop's shares are now up nearly 1,700% so far in 2021 -- and it's still January. An epic short squeeze is believed to be fueling the rally -- one led by an army of individual traders that are using social media sites like Reddit and Twitter to coordinate their strikes against short-sellers. By buying heavily shorted stocks en masse, these bear slayers are driving up their price. Short-sellers, in turn, are suffering staggering losses. To stem the bleeding, many short-sellers including multibillion-dollar hedge fund Melvin Capital have been forced to exit their positions. This requires that they buy back the stock they sold short, which has likely helped to drive GameStop's price even higher.
NYSE:GMELong
by Trader_hao
THE NEW NEFLIX OF VIDEO GAMESshort until 175$ after that bullish the next earning report will be the 1 april. they will annonce a split 7 to 17 i dont know yet how much it will be the split number. share outstading. 61M and market cap 21 BILLIONS!!! Netflix have 434M share out. 231B market cap microsoft is the new power of internet. they have a contract with game stop. { CLOUD } even if apple , youtube , amazon and much more. the big power of movies app is netflix. good reputation. it will be the same for game stop! PLEASE COMMENT YOUR IDEAS! THANKS
NYSE:GMEShort
by CharlesGhavidia
The end of an eraFor years short sellers had their fun. They do fundamental research, short, and then let everyone know. They don't hold back on fear mongering. And this worked for years. But nothing works forever. The US are entering bubble area and money is being thrown at stocks left & right. Massive & highly advertised short positions lead to short squeezes, and it is happening more frequently. It had to backfire eventually. The price of GME rallied after the WSB forums decided to aggressively buy if you didn't know. Laws on market manipulation are not very clear, what WSB did might get considered illegal or it might not. Regulators might try coming up with something against it, or maybe not since they only act when price went down, if price went up (legally or not) they never care. As everything else this won't work forever, regulators or not, I would be surprised it worked more than a few times. I am seeing people say "learn a lesson that you should never short anything", that's a pretty "dumb money" thing to say. What I would get out of this is don't ever get complacent, and avoid something if too many people are doing it/know about it. GME short interest was over 100% and they screamed on roofs they were all in short. Really asking for it... It's always fun to try and catch the market peak and with all the taxi drivers giving people stock tips it might not be very far, but there are a lot of variables, and I do not think it will be obvious (maybe it will). Maybe cautious Wall Street guys will give up and just end up going all in with leverage. I could not tell if the top is months away or years away, maybe it goes back and forth with a China culture war to replace the trade war fluctuations. We might not get a clean top and crash at all, but rather something really choppy and bad, or the price could keep going up like the Venezuela, Argentina, and Zimbabwe stock markets. Crash while going up. A possible good play some might want to consider is to short the more bad companies (that are not crowded, nice and under the radar), and buy the better ones. When the crash comes these shorts would cover losses. Forex has been quite a choppy unpredictable mess for me for the past 3 months, maybe everyone is too busy getting into crypto & stocks? Follow the money. Follow the whale. The casual retail millenial whale. Until they run out of money. I don't think we are at max euphoria yet, but it can't be very far.
NYSE:GME
by MrRenev
9