GameStop shares surged 45% as markets opened on Monday, with Keith Gill, also known as "Roaring Kitty," posting to social media for the first time in nearly three years. Gill was a key driver of the meme stock craze of late 2020 and early 2021, rising to prominence due to his substantial bets on the stock. Gill's enthusiasm over the stock drove the online...
GameStop ( NYSE:GME ) stock has risen 13.1% to its highest close since December, marking a resurgence for the videogame retailer and original meme stock. The stock closed at $18.01, its highest since December 28, when it ended at $18.07. GameStop ( NYSE:GME ) shares also recorded their biggest single daily percentage gain since May 3, when they climbed 29.1%....
Very interesting take on GME. You need a sustainable higher highs for an uptrend, or most of these are perfect bull traps. Way to measure is also due to public sentiment, euphoria. Potentially easy money phase.
Amidst a turbulent period marked by declining stock prices and revenue woes, GameStop Corporation ( NYSE:GME ) finds itself at a crossroads in the gaming industry. Despite facing significant setbacks, including a staggering decline in stock price and revenue, the company maintains a robust balance sheet and strategic initiatives that hint at a potential...
If the previous chart that I posted regarding GME doesn't play out as I hypothesized, this is another likely outcome. Prize rises slightly out of the wedge pattern, which will trigger many buy orders as many trader's would see that as a bullish sign, then sharply reversing, and dropping down below the wedge to the bottom (dashed) support line, leaving many bulls...
With the recent bankruptcy of Evergrande, forcing the liquidation of its many short positions, rumored to include equities like GME, AMC, etc., many traders are expecting another brief 'short squeeze' as a result. The charts seem to indicate that GME could make a nice move from current levels ($14.75), possibly even dropping to the bottom of the wedge to the...
Not financial advice. The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
I'm not even going to comment. We'll find out later!
The world of cryptocurrency is witnessing an intense battle for a 100x return on investment, with Meme Coins leading the charge. While coins like Avalanche (AVAX) and Shiba Inu (SHIB) have been in the spotlight, there is a new contender that is turning heads and intriguing investors with its unique approach – GameStop Memes (GSM). Avalanche has experienced a...
Hello 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...
Good morning! GME needs to hold this area of resistance at around $20.35 -$21.23 if it wants to push to the upside. If the support level is broken, we will most likely see GME fall down and test the $18.40 Lvl. - If support holds then we will continue on up to the upside and test the $22.84 - $23.26 LVL. - The next LVL after this will be the ...
Looking at the GME GameStop options chain ahead of earnings , i would buy the $30 strike price Calls with 2023-1-20 expiration date for about $3.00 premium. If the options turn out to be profitable Before the earnings release, i would sell at least 50%. Looking forward to read your opinion about it.
Video breakdown of what looks like a short trade in GameStop... Time will always tell. Control risk 1% and 2:1 RR
Hate to say it but after such a long time, and me back at beginning posting & warning ppl that GME isn't going to squeeze and here we are. Still could we see a retracement after this sell pressure, yes I think GME could retest even 77$ but still not an indication for me that price will blow up. It would be a natural retracement after a year of bearishness, so...
GameStop Short Term We look to Sell at 149.60 (stop at 158.76) Preferred trade is to sell into rallies. Trading within the Channel formation. Bespoke resistance is located at 150.00. Our bias remains bearish and further downside is expected to target support at 115.00. Our profit targets will be 116.08 and 101.00 Resistance: 150.00 / 190.00 /...
It has been a volatile four months for GameStop’s (NYSE:GME) stock since the company announced its planned stock split on March 31. Four-for-one split On March 31, GameStop disclosed plans to carry out a stock split by boosting its share count to 1 billion from 300 million. A stock split does not necessarily increase a company’s market capitalization, but...
GameStop - Short Term - We look to Buy at 121.05 (stop at 106.04) The trend of higher lows is located at 121.00. This is positive for sentiment and the uptrend has potential to return. Prices expected to stall near trend line support. We look to buy dips. Further upside is expected. Our profit targets will be 166.95 and 180.00 Resistance: 167.00 /...
GameStop Short Term We look to Buy at 118.26 (stop at 110.74) Preferred trade is to buy on dips. As this corrective sequence continues we look to set longs on a dip at better risk/reward levels. Levels close to the 50% pullback level of 115.39 found buyers. Further upside is expected although we prefer to set longs at our bespoke support levels at 120.00,...