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 !!!
:)
Gamestopsell
Game Stop Buy to ShortWeekly- Range From 2021 to present consistent creation of lower highs between prices, 120.75-87.13, 67.20-64.50, and 41.25-49.85. Since the beginning of the year price has fail to break support at 19.40-24.50. In short price has failed to create new highs and lower lows, game stop is consolidated.
Thesis- Potential for sell break out due to flat support and lower highs on the weekly. Consecutive lower highs provide strength to break the flat support.
Daily- From May 2022 to Aug 2022 price correction provided buy opportunities to previous weekly highs between 41.25-49.85, clearing weekly liquidity, adding new life to the sell.
Current price 30.71 is an area of structure and daily buy liquidity. would like to price go bull to 40.40 before continuing to go bearish. This will create another lower high on the daily, to add strength to the overall sell breakout on the weekly.
Areas of Interest:
Short - 40.40 to 45.53, 34.30-35.90,30.71, 25.60-26.86, 21.68-23.20
Long- 30.71, 25.60-26.86, 21.68-23.20
Confirmations: solid candle closure, preferably 8and daily candle closes within zone.
GME: More bleeding expected!!GameStop
Short Term - We look to Sell at 91.90 (stop at 108.16)
The primary trend remains bearish. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. Further downside is expected. Preferred trade is to sell into rallies.
Our profit targets will be 57.10 and 40.00
Resistance: 92.00 / 94.00 / 96.00
Support: 81.00 / 79.00 / 77.00
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GME Looking Lunar?I couldn't help myself, so I did a little TA on GME.
It looks like we could consolidate and attempt to breakout of some sort of structure soon. It looks to be forming a descending triangle, which is typically bearish, but my whiskers are telling me there are too many factors and forces involved here for any amount of certainty.
The Fib levels give us an idea of a reversal zone on a pullback, and I generally consider the .5 to .618 area the reversal zone. I'll be hiding in the bushes and waiting to see if the top green support zone holds.
Here is the 30min chart for a little more detail.
This is an unprecedented situation, and I wanted to find as much objective reality as I could.
It's what werewolves do. Owhooooo!
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' 🙈
GameStop - STOPReached a potential Top
As im caught up in the hype I will publish accordingly
I believe this is a black swan event that will blow off
Much like the euphoria from DOGE's pump a few weeks ago
It can be clearly seen it went for a bullish break (in the green box) after cracking the downtrend
GME Blow Off Top to End RallyYou can see 5 waves has been completed with mass short squeezing and buying. Today gapped up and so far we have not been able to stay above the open.More than likely we will gap down over night and selling should start very soon. This is going to fall just as fast as it came up. Be careful.
Gamestop: Is It an Act of Pump & Dump ❓The Game Stop share has been in a rally since mid of January.
The last two days this stock rallied from 79.30 $ to 355 $ / share, this means an increased in value by 4.5 times or 348 %.
Many analysts and investors they are insisting that there is an act of " Pump & Dump " which is illegal, and if anyone is found guilty of that will end up in Jail. One of the main drive of this hype is the social media communities such as "
WallstreetBets ", and " Reddit " where traders are promoting this stock to pump it. As we know in " Pump & Dump " scheme , a group of traders make a huge amount of profits in a short period of time by holding a micro or
small cap stock and try to pump it by convincing other traders to buy it, and once the buyers come in, they dump their shares and cause a huge drop in the share price.
Now everyone is talking about this share, and curious of what will happen next. Currently, at this price level there is no much historical data to predict what's next. All we need to rely on to predict what's the next price might be, is to
use the round numbers in case the price continued the upward movement.
Let's see when this fiesta will end and if there will be any bloodbath after the rally ... ❓
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Game Stop: Game Over
weird finszes/bookz
everyone fomo cuz of upcoming insider tarders (?)
closeds lotta storeds
you cant captalize yours cakesa nd expensive it too
franchiz owned stores, neva closed to cornoa, neva closed eva for ode reasons (looky at ppls say, hey bro, it was snow in and ppls say to come in to work? why pepel do that? answer: cuz moni tite like last nite)
hur dur uses games... nobody cares everything online buy sell everything but... how much revvys come from thats again?!
but b-b-bro, dey sell otha stuffs like tele and games cubse. and they own kurturkur?!
no combat amphibians games
Think about the future.
GME is Dying! Sell It While You Still Can! - Monday AnalysisGME (GameStop)
Support at 3 because it is the nearest whole number support! Whole numbers will act as psychological price levels.
Resistance at 4.7 because of previous support and resistance.
Price action is looking to be trading into an area of tight consolidation until it hits the upper down trend line and sell off just like the first time. History repeats itself.
Looking for a bounce into the resistance/down trend line at 4.30 then see a move down to 3 or lower.
Predicting that GameStop start selling off in the next couple of weeks as it jams against this downtrend line and sells start to plummet because of the rise of internet sales and market weakness with the China trade wars.
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Bearish on GME (Gamestop) - SL 23.70GameStop has been fighting a losing battle for a while now - I am adding a short position here (My target is $20) due to the fact that it has once again dropped below the 9 day MA, it made a retest of the 50 day MA and failed, and of course it is well below the 200 day MA. Additionally, the RSI has dropped below the 50 zone, the stochastic has downward momentum and the MACD is going to be making a negative cross over (a cross down also into it's negative territory below 0.00)