GME GameStop slightly bearish options short termGME Gamestop had 4.8K Puts and 1.6K Calls for the past 7 days, most of them being short term and leading to a price close to the $110 support.
Considering the chart and the options for GME i would say it has the chance to touch that support line before being bullish once again.
Looking forward to read your opinion about it.
Gamestopstock
GME moving to NFT and Cryptocurrency MarketsGME Gamestop is launching a marketplace for NFTs, reported the wall street journal.
GameStop is also reportedly creating partnerships with two crypto companies to “share technology and co-invest in the development of games that use blockchain and NFT technology, as well as other NFT-related projects”.
The stock bounced from a strong support and is heading to the $225 resistance.
GME Gamestop! Impulsive prospects up to USD 530
Welcome to my in-depth and detailed analysis on Gamestop GME.
This analysis was first published on 11/22/2021 at 12:35 by me Highrisk221.
Date and time information is based on Berlin time zone.
We look at Gamestop in the 1 hour chart
As we can see in the chart, the price trend wärend the last high phase on 08.06.2021 at 17:00 put a correction phase which was ended with a trend break on 25.10.2021 16:00.
The price targets of the completed ABCD correction are indicated in orange lines and are at :
Target 1 275.89 USD
Target 2 306.38 USD
Target 3 323.67 USD
Target 4 367.06 USD
Target 5 392.84 USD
The MAximal target is given as 454.77 USD for this formation.
Two more Bullish Formation possibilities have now emerged from the trend break.
Formation 1 Would be a W formation, more precisely a W formation within a W formation.
The first W Formation starts on 09.06.2021 at 20:00 USD 324.68.
Forms the middle on 01.09.22021 at 14:00 at 232.48USD
And is still pending completion, which at the renewed reach of 324.68 USD
is completed. The course goals are not yet indicated in this analysis with, but as soon as the course 324.68 USD has again reached, are nachgetragen.
The subordinate W formation starts on 11.06.2021 at 16:00 at 240.68, and forms the middle also on 01.09.22021 at 14:00 at 232.48USD
The completion was reached on 03.11.2021 at 14:00.
Currently, the price trend is in a so-called retest, with an impulsive rise can be expected when exceeding 240.68USD.
The following targets can be reached:
Target 1 316.93 USD
Target 2 337.43 USD
Target 3 530.54 USD
they are shown in the chart as green lines
The second formation that can be seen is a Cup and Handle formation it is more or less the second part of the W formation.
The beginning of the cup is formed after the rise from 05.08.2021 to 01.09.2021 at 18 o'clock it was completed on 03.11.21 at 15:00 clock
The handle formed until 10.11.2021 22:00h and corrected in the area of 0.618 Fibonacci level.
The targets of the formation would be as follows:
Target 1 252.03
Target 2 274.42
Target 3 304.39
Target 4 390.74
Target 5 477.09
Target 6 530.45
I have published the cup here in a separate idea.
The whole analysis gets an invalidation as soon as the price drops below 156.62.
If you liked this idea, I would appreciate a click on the Like button ;)
If you have any questions, suggestions or a different opinion, don't be afraid to use the comment function.
Thanks a lot
Disclaimer/ Disclaimer of liability
Always do your own research before investing and seek the advice of someone trained to do so.
The analysis shown here is to be understood as my personal opinion on the possible price development of Gamestop GME, it was prepared to the best of my knowledge and belief.
However, I can not guarantee or warrant the accuracy, completeness or timeliness.
This analysis was published for informative and scientific purposes only.
It is not suitable for imitation or investment basis, and must not be understood as investment advice, buy, sell, hold or trade recommendation.
It is expressly discouraged, a trading decision or investment, based on my analysis or other published by me, information, articles, content or the like, to perform or make.
My analyses are always based on probability calculations and on my personal experience, so this analysis must be considered as a probability statement, which neither completely, partially so or so similar, must or can occur.
This analysis does not take into account any fundamental data!
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GAMESTONK... WHO IS READY TO BREAK THE INTERNET AGAIN?If you hold Gamestop I'm so happy for you. I personally only hold AMC but I don't care which stock skyrockets or squeezes first. The other will follow. That's facts. GME has either bounced or been rejected by the long-term trendline from 04/03 2020. It has respected the trendline as support 9 times. Friday the trendline was respected again. A lot of people were fearful this week on GME and AMC. I don't understand why, if you look back at the history of GME's chart you can see this correction or dump is not even the biggest. It fell 37% one month before the squeeze on January 28th. It fell almost 25 % two weeks before the squeeze. The volatility is normal when it comes to GME and AMC. If you've held this since January last week was nothing. This is usually what occurs before a squeeze or a big run-up. We closed above a strong support (168-169) which was also a good sign for the future. GME is looking primed for another squeeze.
GME GameStop Extremely Bullish Option CallsIf you haven`t bought at the support:
Then you should know that today GME Gamestop had some of the most extreme out of the money short term calls expiring Nov 26 with a strike price of $500!
I see a short term upside potential of $280 (the next resistance)
Looking forward to read your opinion about it!
GameStop 2nd massive wave of GME known as meme stock coming !?! After breaking the downward trend line and closing way above it. It is to be expected the GME start a massive rally similar to the one it made earlier and make new highs. Key levels are mentioned in the chart.
PS. such stocks shouldn't be invested without proper risk management. Don't forget to put stop losses near resistance area.
Gamestop (Breakout)Gamestop is trading within a descending pattern (orange triangle), with the relative strength index trending down (below the orange line).
Price target (within reason) is the previous high $491.32 (dotted green line).
Expect pricing to stay within the yellow lines.
The Pink circles indicate touches on the trendlines.
*expect some additional volatility.*
GME Gamestop higher than expected net loss Yesterday i saw two times more puts than calls on the options chain for GME.
Gamestop reported adjusted net loss of 76 cents a share and net sales of $1.18 billion.
The analysts consensus called for an adjusted net loss of 67 cents a share and sales of $1.12 billion.
Let`s wait for a pullback to the key support levels then.
Let's get into some stock trades #4 & #5 - AMC & GMEDespite AMC & GME having either bad business models given the era we live in or bad financials or a mixture of both, the meme stock craze doesn't seem to be going away. AMC currently at about 17-18% short interest of free float and GME at about 12-13% short interest of free float. Neither heavily shorted, but there is some juice. Clearly neither as short as during the major squeezes, but the charts look pretty strong.
Currently we live in a world were memes, brands, communities and networks is all that matters, and these stocks have all of that behind them. Will these end well? Probably not, but in the short term we have something big here.
Several weeks ago I put out some updates on AMC and GME, and both did drop substantially since then and then found support. I stupidly ignored my 32$ buy level for AMC and on GME I was a little more scared that it would hold 150 after it lost 180. However the current view is quite different as they are both showing substantial strength. Short term might both pullback, but in my opinion it isn't a bad idea to own a little bit of both and consider that money lost as they could both go up 200-500% from here or even higher depending on how the stock market craze progresses.
In my opinion we haven't see the parabolic rise of stock markets yet, but we might be pretty close. Before that we might get a dip which would definitely be a great buying opportunity.
GME Flag Formation, Potential Breakthrough Flag support at 198
Flag resistance coming to an end, should see major move up or down.
Would play the breakthrough of flag resistance, still hoping for a close above 220.
Although there is a potential breakthrough, of course the opposite could happen as well.
Best thing to do for now is to wait or buy if you believe.
I will still be buying and holding (going long).
[GME] GameStop - Pump Fake or Beginning of another Pump?GameStop saw a $60 jump today in price. However, it is still below the 200 Day MMA, so I am not sold that it is the beginning of another pump yet. It could have been just a pump fake to shake out the retail traders. If so, we will likely see a Bull Trap tomorrow and then a dump. But if it is the beginning of another pump run, then tomorrow it will continue pumping. Will be watching and update as things unravel...
Game Stop [GME] - 7/15/21 - It's going DOWN. Here's my analysis on GME. It's been weakening for a month and we just got a death cross. Not a good look. Headed down for the foreseeable future. Must hold at Support #1. If it can hold, that's a good sign. If it breaks below that, it's gonna be a LONG summer. If you're still holding at that point, I'd probably just HODL and move on to other stocks and wait until the next time it pumps. In my opinion, this is a very RISKY asset. It's a pump and dump. My approach to trading this would be to enter when it creates a floor... and then sell for profit when it gets pumped. Rinse and repeat until this stock no longer is being pumped and dumped and they move onto the next one.
Not financial advice, but just my thoughts after observing GME over this past year and hearing all the rumors and theories out there. The idea of a MOASS is keeping investors from selling when it gets pumped and even has investors buying HIGH. This can be a recipe for disaster. From my observation of these meme stocks, this is a risky game here, especially for new investors/traders. Don't worry about facing off with the "hedgies". That's likely to be a losing battle and that's not worth the headaches. The way I'd approach it is to get in at a low price when it drops... then sell after it pumps and take my money to the bank. Rinse and repeat until it's no longer being pumped and dumped. The reason we trade/invest is to make money. Gains are not guaranteed. We can't fall in love with a stock and we can't fall in love with an idea. We have to take profits when we see profits. In the end I could be wrong and the MOASS could be coming but I wouldn't bet my life savings on it. Maybe grab a couple of lottery tickets at the most. Just my 2 cents.
GME reached important support levels. Is the bottom in?GME reached the 200 MA on the 8h + extended hours, it hit the S3 weekly, the diagonal support, a VP HVN and it managed to get into an area that was previously resistance (currently turned into support). So to me this either is the bottom, or GME is in trouble. This is a massive combo and the structure of GME in the long term is still bullish. In my opinion the double top at 340 has a change to break and is what has me quite bullish.
Of course there are several issues in the global economy, meme stocks haven't been doing well and so on... but this doesn't mean that we can't see another big rally. That requires that things don't crash right now and that we stay in a bullish environment for stocks... which over the last few weeks/months has been turning bearish and mostly favoring large caps. Going long here isn't a bad choice imho with stops below 160, otherwise wait for the market to close above 220 to start looking for longs.
GME may continue the climb, but is the risk worth the candle?The advisor Market Miracle generated an input signal for the title GAMESTOP $GME at the price of 237 USD with a target of 315 USD.
The company is known by all for its capillarity on the territory but also for the recent events that have seen the value of the action literally skyrocket and not because it is a particularly healthy company.
In fact, its balance sheets are certainly not the most rosy but the value of the stock has risen and climbed again on strategic plans of the company that provides an online reconversion of their business and thanks to groups of traders who have recognized in GAMESTOP a possibility of Speculation actually managing to bring the title to unimaginable levels.
But the risk is worth the candle ? This is what every trader should assess at the time you operate on the market, the risk of getting stuck in a stock for years without seeing any profit but only losses is not in my humble opinion properly evaluated.
Then surely the title will go up again and maybe even the forecast given by Marketmiracle will prove effective giving rise to profits but I personally prefer not to betray situations like these.
According to the graph the situation is compatible with the one reported Marketmiracle for which I expect in the short a movement of the prices like those designed by me on the chart, but I will definitely not take positions.
This idea is based on the signal generated by the Marketmiracle advisor whose link you can find by scrolling at the bottom of this page.
GME Weekly RSI Turning Up STILLThis is an update from my previous post flagging the potential for breakout:
You Won't Believe What the World's Most Beautiful Girl Looks Like Today
...WHAT A MOVE. Looks like it's ready for more as we are not really even in overbought territory yet.
Do we enter my upper trendline and push for $500? I think so...