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GME 4 HOUR UPDATE ( TECHNICAL )For more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial. Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
NYSE:GMELong
by traderchamp_
GME moon soon? v2Follow up to: Like I said, breakout looks decent. We are testing the top part of the wedge, today is T+2 from our huge volume day, 3/22, but could extend deliverables till Monday. Looking to see options close today and have T+2 settlement (Tues-Wed PM) cause another pump. Additional thing here in this chart is the CV VWAP Indicator. Taken from an old script I found on TV that was broken. Author: Adapted from: Detecting the great short squeeze on Volkswagen, Godfrey, K. (2016, February 18). Shows some interesting leading indicator prior to GME's Jan 2021 squart. We have not seen movements of this magnitude since then. As you can see the indicator generally stays within the -50 to 50 rage, but we were magnitudes larger on 3/22/2023, similar to 1/25/2021. There are some other notable moments such as 3/23/2022, where we just ran up, then the indicator spiked, then we ran up again through T+2+2. No guarantees but... - EPS was positive on earnings - still no 10-K from GME (why?) - Liquidity still extremely low - 66m volume day I have calls :)
NYSE:GME
by spearmintys
2
GAMESTOP Is today's jump enough to stop the bearish trend?GameStop (GME) has had a huge price opening jump today that hit the 1D MA200 (orange trend-line) for the first time since October 31 2022. That pump was short-lived and the price quickly resumed the bearish trend within the Channel Down pattern that it has been trading in since November 03 2021. Basically the stock has been inside a multi-year correction since the January 28 2021 historic high. So is today's rebound enough to stop this bearish trend. The answer from a technical perspective is easy: no unless the price breaks above the previous Lower High of the Channel Down, which is considerably higher at $48.00. Not to mention the the 1D RSI broke above the 70.00 overbought barrier, and this has been a major sell signal inside this +2 year Channel Down. The most it has risen these 2 years is +157.50% but that was when the RSI was already overbought. GME is a dangerous buy on the current levels. Either wait for a price closer to the Channel's bottom or above 48.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:GME
by TradingShot
GameStop (GME) hitting macro technical range In this video I go trough some very very generalised/simplified overview of GameStop financials and the stock chart. I'm taking note of things that look good and things that don't from my personal perspective (hey! everyone has their own opinion). As you have both going on but overall at this present moment while information doesn't change significantly I could say I'm very bearish on this stock but in the short term there likely a possible corrective move to get everyone hyped. Tune in for the video for some entertainment and my general market comment on this stock.
NYSE:GME
by D7R
3
$GME: Bullish Deep Gartley Trade Idea Remains ValidEarlier, GME hit the Stoploss level of the Previous Chart Idea, but it did not make a new low and has since gone back to the 0.886 PCZ level and is making a Second Level of MACD Bullish Divergence as a result. Due to these factors I think that this Bullish trade Idea is still alive and upon zooming out I can see that this could be a more Macro Double Bottom that could set us up for a Bullish Dragon Breakout in the coming weeks. If we break above the trend line we could see a rally to the 0.618 retracement, which would be a doubling of the current price.
NYSE:GMELong
by RizeSenpai
$GME - Run next week 28 FebTelling you that there's a run next week is a horrifically bad idea both for me and you. By buying GameStop you'll force whoever is selling you that stuff to go short in order to sell you whatever you're buying and that'll cause another one of those nice tumbles down to some dumb price like $14. So here i am doing that dumb thing, telling you that there's a run next week which will cause the run not to happen because everyone knows now. A market watched never boils over... Here it is: imgur.com There's the classic dip & wedge up. The market wil run up for 35-45 days with maybe a minor correction in between. The run starts any time within the next 4 days or 15 ish days. I'm betting that it's starting next week although it is also highly likely it will start on the 3'rd or 7'th.
NYSE:GMELong
by leenixusu
56
$GME - Here we go | Starting tomorrow or on March 6 ish. The chart above is a composite chart of: AMC, GME, COIN, HOOD, CHPT, F, LUMN, GRAB, FINV, CHPT. 3 of these are in the XRT ETF but that doesn't matter too much. This basket is the "meme" basket and it's general use as i understand is as a source of liquidity since most of the stocks inside it are illiquid like GME, LUMN and maybe a few others. I don't think AMC is illiquid, it's in fact highly traded in the swaps world as a single name stock. GME has had 1/20'th of AMC's trading volume in swapps in 2022. In 2021 they were close-ish but that changed in November/December 2021. My preferred way of seeing the composite meme basket it in Tradingview is to copy and paste this in my Symbols/Ticker List: AMC+CHPT+COIN-DT+F-FINV+GME+GRAB+HOOD+LUMN This is the best variation of the basket i've managed to make in my own opinion/world. You could simply just remove the minus symbols and make everything a + if you like and that generates a really nice liquidity rich looking chart that's also quite linear and good for selling spreads which is exactly what's been happening. I've found out that for this basket, in the last quarter, around $168 mil worth of spread swaps were sold. The date of effect or expiry ( i don't remember which) was Dec 7 this year which now explains the subsequent price drop in not just GME but this whole entire basket. About GME and what might occur next week onwards: Data on GME has turned bullish: imgur.com Data on SPY is turning bullish too: imgur.com I believe SPY is going to retrace back to $405 within the next 15 days and with that obviously all other stocks are going to follow this oscilation and move up appropriately. This includes meme stonks just like the one we love to hate and hate to love GME. Since i found the actual basket and was able to take my time to check it out and simplify what i see, basically i think i have the precise days of the price runs up. Since it's really close, i can tell with a lot of certainty now... It's going to start this week and will continue up to the 3'rd - 6'th of Jan (Max 9'th of Jan). Me giving you this info isn't great as everyone i let people know the dates, everyone buys the heck out of this thing, brokers are forced to go short a share they're selling you and the price plummets, the borrow rate skyrockets and the "wen moon" date gets extended to a later date. Seeing that people have already gone nuts on GME since Dec 23 and have forced the borrow rate up again, considering that most broker based retail traders including myself have been burned by holding short dated options and have sold them off last week, the price should start to rise back and above it's previous levels before the insane buying started. Now if people go nuts again this could result in another muted run where people know where to buy and where to go short resulting in a very muted and quick GME run. Unfortunately there are no longer enough people that are willing to buy enough GME options for a Gamma Squeeze, that's completely out of the question and people buying 40 share lots instead of even 100 share lots aren't helping since they getting bought and grouped up by a wholesaler and lent out to others intra-day before finding other to sell their inventory to and not to mention the pennies retail is getting scalped on due to the wholesaler grouping the various orders and selling spread/lending/selling/buying at better or wider prices. Anyway, point is, i think things happen next week. If the blue line i circled in the first pic i posted here continues to move up parabolically, we're golden and i'll know when this happens on Tuesday EOD which may already be late as i think things will start from that day, but ok... it might at least serve as some kind of confirmation. Anyway, don't get to gree buying both shares and options... who am i kidding, do your thing. I have 438 calls $25c for next week so. Hoping to be a millionare so i can quit it all. Good luck and regards you highly regarded folk you. Basic Analysis: -I'm not going to add details in order to keep this simple for people. To that, i've simply drawn 3 date counting lines showing 3 x 140 day periods inside the RSI at the bottom of the chart. If for some reason you are unable to see these lines, please resize the RSI chart. Basically, the cycles seem to be ~140 day long instead of 90 day or 60 day or 120 days as many other have tried theorizing including myself. At least that's the theory here unless i'm wrong, again. It looks like a prerequisite for a GME/meme basket run is that the RSI has to be oversold or generally harshly treated near the weak or oversold area. As i said, not to go into details about other microcycles, i'll just be talking about the big cycles... Now each time the RSI bottoms out on the chart above for the composite basket, 60 days later GME begins it's ~1w price run which is then followed by a market correction. So, the next big GME price run either starts tomorrow onwards till Jan 3-9 Or it starts on March 6. What cannot go wrong is buying at these levels since the entire basket's RSI is completely bottomed out and has spent it's time not only in RSI prison (weak spot) but also within the oversold area. Without the rest of the market moving down, it would be difficult to move the price of GME lower. At best it can be kept sideways, but that takes effort as well. The easiest thing for all sides is for the price to simply move up along with the rest of the market. So yes. Either tomorrow for the next 10 days or in March on the 6'th ish. You're definitely a highly regarded person if you've read this far down. Let me know down in the comments if you feel highly regarded. Thanks
NYSE:AMCLong
by leenixusu
48
GME Potential for Bearish Drop | 27th January 2023Looking at the H4 chart, my overall bias for GME is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 18.85 to form the retail double top pattern. Stop loss will be at 22.47, where the recent high is. Take profit will be at 15.43, where the previous swing low is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NYSE:GMEShort
by Rockqet
1
$GME - The final yolo Not trading off my data anymore. Here's my thesis. -Large option OI expiring this week for GME and a lot of other stocks due to leaps bought in 2022/2021. -Going back to my old ongoing theory about SLD Tuesday (Next Week's Tuesday) where the Opex week's options e.g this week's expiring options will settle on Monday and shares on Tuesday. The bigger the amount expiring on Friday, the more the net total that needs to hit next Monday/Tuesday. -During Opex, Wednesday - Friday is the opening window for banks to post collateral to the NSCC and OCC/Option Clearing Corporation which handles all options netting, clearing, settlement. This window opened on the 18'th and ends on the 20'th of Jan. -BOFA made money disappear from people's accounts this week just 1 day before this window. This tells me BOFA is posting a massive amount of money towards this big opex and option clearing. The amount post netting of all these positions should be big enough to move the market really hard next week. -Another Canary in the mine is my data here imgur.com The TLDR is that IF i'm right and it's a big IF, we're in a March 2022 mode for GME where the price went parabolic around SLD Tuesday (Next Week Tuesday). I'm pushing it with this, in the data i have this is the most similar occurence to what's going on right that i found. -For SPY's ranges, there's support at $383 imgur.com (Unless that breaks in which case bye bye) and that to-be bottom coincides perfectly with SLD Tuesday (Next Week) for a nice perfect reversal (again i'm pushing it). -IEP (Icahn Enterprises) ticker's usually drops and immediately after that we have a GME run. This is a consistent pattern over the past 2 years. IEP is yet to drop. I'm keeping my eye for it. -Wabbuffet's (Warren Buffet) KO is pumping in this market which is normal as it's dips are bought by clever investors. It could also simply signify what the rest of the market has to flip to (bullish) by the end of the day after what i think is one final dump. -Yesterday the price touched $400.01... again and dumped, i managed to read this one and quickly reposition my puts whilst the underlying price of SPY was at $399.80 ish and rode that down to today's low. It's done this a few more times in the past and it usually ended with us being in the $370 range... but i think this time this dump is a quick dump to a price where we can pump from next week. This is what non data based trading looks like. I'm all in on FD's for next week. I'm confident in this one jut like i was in all my previous losing trades which means you should inverse me and buy puts. Here's my portfolio right now: imgur.com Yes it's all FD's and i don't plan on exiting with a loss early this time. I'm letting this ride until the end. I'm either going to make it, or i'm not. Tomorrow/Monday is the optimal day to buy calls, but i'm impatient and like to lose Theta. I wouldn't yolo into GME this hard unless i was really sure (of a string of conspiracies mixed with real regulations and other technical stuff). Anyway i think that i'm right so here i am yoloing it all until the end. I think this is going to be the last Yolo and post here for a while if it fails. I have a dislike for forums where GME/BBBY is discussed as the tinfoil is deep reaching, but here i am creating my own and going with it putting my money where my mouth is. Do with that what you will.
NYSE:GMELong
by leenixusu
50
GME (Gamestop) Price Analysis 30 Min ChartHello and good morning fellow traders! hope you are all feeling great about today. So after watching the opening of the market this morning I came up with this idea. GME just lost the 20.35 -21- support lvl and has dipped into the green lvl of support shown on the Ichimoku cloud. It must hold the 17.17 -18.78 LVL of support or else GME will continue to the downside. On the flip side ... if GME ends up pushing back and flipping the current zone of resistance back to support we could see GME go up and test the 22.84 -23.26 lvl. Stay safe out there guys! keep your heads up ! Enjoy your day !!! :)
NYSE:GME
by owenNations
TESLA has no resistance until 155, SHORT SQUEEZEIf you look at the VRVP analysis you can see clearly (the yellow) that no buyers filled the gap between 120-155, meaning this was a straight fall shorted by hedge funds. They are trying to fill out their shorts at this 107 price level, it's just a question of time at this point, they can't keep this suppressed with such a large gap, it would initiate momentum to the upside and with no sellers left at that level, it would fly up, margin calling shorts, and only further accelerating the price level to potentially 180.
NASDAQ:TSLALong
by kibakilla33
$GME - Load up Zones $19.5 and $17.xxBe sure to load up responsibly at the correct zones. $19.5 and $17.xx are decent prices to get in. Always save some cash to buy more later at lower prices. Don't go all in at current prices. I've loaded up on March calls $20c for around 1/4 port value. I'm ready to get more if we dip more at $17.xx will probs get $18c for the same expiration. Sorry for switching between long and short so erratically but i've got to follow events as they unfold.
NYSE:GMELong
by leenixusu
13
Meme Basket Found - AMC CHPT COIN DT F FIVN GME GRAB HOOD LUMNTo add a good approximation of what the current meme basket looks like just copy this and add it as a new symbol. AMC+CHPT+COIN+DT+F+FIVN+GME+GRAB+HOOD+LUMN This is the current basket and someone's sold $166 mil worth of spreads ranging between $0.4 up to $6.3 in spread on this basket on the 7'th of Dec and 15'th of Nov. There's around 78 transactions worth $2m each done in quick succession on those dates. Here's the stocks that are part of this basket: AMC CHPT COIN DT F FIVN GME GRAB HOOD LUMN This isn't that good because HOOD is part of the basket and so is AMC (which we all kinda knew). But because HOOD is part of this basket and FTX's was hoarding HOOD shares that may be sold off in the market (hopefully will be sold in a block trade auction instead), if those HOOD shares are sold at market value, they'll tank the whole basket. Regardless, even if sold algorithmically, those HOOD shares are going to have a decently big effect on the basket (Price go down). This is a weird basket with lots of mixed sectors... All i can say is that there's a falling wedge which indicates that something may start occuring in Feb just in time on Feb 21 for the quarterly meme run. Hopefully the whole market doesn't decide to correct again on that date like it has the past few cycles specifically on that EXACT day out of coincidence... Found this swap in the DTCC- SEC swap depository online as this is something i've been tracking for a bit over a year now. Since a month ago SWAPS are reported with a lot more and useful information and the full meme basket name is now visible basically.
NYSE:AMCLong
by leenixusu
6