GME
$GME - Another oneHi guys,
Seeing a ton of short covering in the last 2-3 weeks for GME in my data.
What i expect to happen:
To keep things simple, i estimate that there will be about 30 days of $22-27 on GME, more likely on the lower end of those prices, then a 11% price increase around early early to mid march, a small drop from profit taking and possibly another 12% price pump mid-end March.
The reasonable thing to do is to wait for you guys to drop it to $22-$23 range before buying in.
imgur.com
The trade:
Not entirely sure from where the +11% pump will start, it could be from 22, 25 or even 27. Due to that i'm buying at $25 call expiring in around 45 days from today and then another one once you drop it to $22 ish. Basically ATM calls expiring before GME earnings as that seems to be the timeframe for what i see in my data.
Will update this if the data changes excessively due to strange and excessive buying/selling caused by this post that may skew this play.
Other:
My AI training on this is still in progress. Will announce my website that uses my strategy on trading GME and a lot of other tickers soon.
2/03/2025 Weekly Analysis + WatchlistSPY - Failed 2U week after going outside month the week before. Not super shocking, but now we sit in an interesting spot. The new month will open inside bar and has to either take out previous month highs (Which is ATH) or Jan Lows. Seeing that the range is pretty wide for downside, It will take less effort to make new ATH. Not that it means a whole lot, but that is something to note. Next, we see the week closed failed 2D, but is pretty much slapped right in the middle of last weeks range, so it will take an equal amount of effort to make a HH or LL. Finally, from a daily perspective we have a large failed 2U with slight PMG to the downside. We are definitely primed for a sharp corrective move Monday, but of course anything can happen, we are just much closer to seeing the bear scenario than bull. In my mind, the ideal weekly scenario is this: Monday sees sharp corrective move, taking out the PMG guys, then the rest of the week climbs, triggering the weekly 2-2 Rev, which then ideally sends us into ATH once more before seeing either BF expansion on the Month (since we would go 3-2U.), or seeing us start to come back through last months range for a larger corrective move. In the pure bear scenario, we trigger the daily reversal, head down to weekly 2-2 cont. trigger, then see if we can make progress down back through a few daily gaps, ultimately targeting prev month low for the 3-2D M. Given that we are going into a new monthly open after going 3, we could very easily just chop and go nowhere for the week seeing as we may just remain inside week with the month being inside to start out before possibly seeing control more clearly dictated in the 2nd/3rd week of Feb. Main advice regardless is to trade things that are moving early on like gappers, and anything where the month goes 2U or 2D in the first week. Avoid inside bars if possible and trade light!
Main setups for the week:
Bull:
GE - Inside D and W
ORCL - Hammer W to head back through D gap. Cautious with this one
MRVL - Weekly 2-2U. Daily gap fill to the upside after giant gap down to exhaustion risk
Bear:
BA - Shooter 3-2D weekly. Bear Revstrat daily. Daily BF looks solid.
MSFT - MoMo Shooter M, 3-2D W, Daily 2-1-2D. Check daily BF. Still has magnitude after massive ER drop
VZ - Weekly 2-2D, Daily shooter 2-1-2D, FTFC Red. Check daily BF
Neutral:
RKLB - Inside week. Nuclear Green FTFC and super crazy ATR lately
Another gem, GME coin on Solana networkWell, after WIF and MEME ideas of mine, i would like to share with you another gem.
Unfortunately, in TW the only chart i could reach is the one which tracks the poloniex trades, but that is not that relevant due to the lack of trading volume in that platform and i will not share here, but there are other sites where these tokens can be tracked, and i hope that in TW those will also be available. :)
So, here is the analysis of the coin.
-The token has been alive since January 28, there was an ATH on February 7, and it was not wiped out after that, it survived.
- The number of holders is already 22k, 1 week ago it was only 19-20 K. This number of holders, if not synthetic (airdrop), can provide a stable enough footing to prevent the token from mowing down. Dogwifhat also had this number of holders a few weeks ago, before it went up from 0.18 to 2.2. use your brain!
- The GME itself was an event of historical importance, when many small traders farted the big ones who shorted the GME. A symbol of community unity, if you can call it that.
- The ATH is 0.015, I got in at 0.0026, I measured 10X from that, but if this token is not shorted, this token will be totaled and GREED will start in people, seeing CRYPTOCAP_OLD:BONK , $dogwifhat and others, they will look for an alternative, whatever it may be and it will be pumped up slowly.
- There is a brutally serious community, 12k+TG members, there is a separate raid and a meme TG group, the content is leaked to social media and everywhere from GME
- Top 10 holders own 14%, of which 3% is the raydium pool. That's a pretty good distribution.
- They made a MERCH webshop. where all profits are theoretically plowed back into marketing.
In my way of thinking, accordingly to Dogwifhat and others, with GME it could be possible to reach 0.1 which is basically 34x from there. DYOR.
CAUTION: These tokens are memetokens, please tryy to think them as a kind of gamble, and risk only the amount you are willing to lose.
GameStop GME: 26.18 Break to 34+ SkyrocketMorning Trading family
GameStop's stock is at a crossroads! If it falls below 26.18, it might slide down to 25.50, or even 24.64! But if it jumps over 29, we could see it climb all the way to 34 or more! This could be a big moment for GameStop.
Kris/Mindbloome Exchange
Trade What You See
1/20 Weekly Watchlist + NotesWeekly Watchlist and Market Analysis Using #TheStrat
Indexes - SPY went failed 2D week following the previous week going 3 and we nearly went 3 on this last week, but came up short with little room to go to previous week highs. This week we look to go 3-2-2U to confirm the month being failed 2D that has now retraced more than 50% of the previous months range, meaning we are now closer to taking out previous month highs than we are to reclaiming previous month lows. With full timeframe continuity green, we know that buyers are full in control at the moment, and this upcoming week looks to confirm that further as we look to target previous weekly highs on our way up to ATH levels. No daily actionable signal and a couple daily gaps to the downside, so we will see what happens Tuesday pre market whether we gap down to give last weeks buyers some corrective activity, whether we gap up, clear weekly magnitude (at the high of the weekly 3 from the week prior to this last week) before seeing if we expand further to confirm the month attempting to go 3 or begin reversing back through last weeks range. Finally, we may just open flat and see where intraday signals and continuity take us.
(Slightly pressed for time at the time of writing so I apologize for the lack of detail like my normal posts)
Watchlist:
Bullish:
NVDA - 2-1-2U Daily, 2-2 Weekly. Daily BF looks interesting
PLTR - 3-2-2U Weekly. High rVOL
WMT - Hammer 2-2 Week, MoMo Hammer Daily. Inside green Month which isn't great this late in the month, but not bad enough to ruin this setup for me
DLTR - Hammer 3-2-2U weekly after month went 3. Looking to go back through the months range now. Note: DG full FTFC red so no sector support
IONQ - 3-1 Week at M Exhaustion. MASSIVE range on this one. Nearly 30% underlying move from weekly trigger to magnitude
HIMS - Hammer failed 2D, Weekly 3-1, Failed 2D month attempting to go 3
Bearish:
DOCU - Weekly 3-2-2 Shooter. Daily Big red 3 following double inside day so potential 3-2D daily to trigger shooter week down. Filling in massive gap from the last earnings report
Neutral:
DAL + UAL: Both have inside weeks. DAL at exhaustion risk. UAL bright green. Relative strength in the airline industry
What’s Next for GameStop: $40 or $28?Good Morning, Trading Family!
What’s Next for GameStop: $40 or $28?
Here’s the plan: if GameStop moves above $34.30, we could see it head toward $40. If it drops to $30.54, it might bounce back—but if it breaks below that, it could fall to $28.
This Sunday, I’m hosting a webinar on how emotions can mess with your trading and what you can do to stay in control.
Send me a message or check out my profile for more details. If this helped you, like, comment, and share it with someone who might need it.
Kris/Mindbloome Exchange ( ME)
Trade What You See
$GME - Interesting signals for a while nowBeen getting interesting signals on GME for the past couple of months with it deciding it wants to do something, then changing its mind and repating this a few times before it decided to actually act upon it.
Luckilly i was able to catch this latest gradual run to $29.5 from $22 thanks to the signal in my data. I decided not to announce this little run so i could actually make money off it without me skewing my own trade by telling you CC selling folk what would happen. I already ruined plenty of runs by telling you guys about em.
This time though i'm pretty benevolent and feeling like ruining one more run and so here's the juice:
Now i'm seeing a pretty massive signal ahead of GME's earnings. One of the biggest i've seen, maybe the biggest. My take on this which can be a bit wrong is like this:
1) Earnings dumps GME as usual
2) Small period of consolidation
3) Goes up massively and GameStop announces something to ride the wave
Wont be giving out more information or charts as to not spoil all the beans. Good luck to both sides.
Not gonna be joining this one at least for now.
1/6 Weekly Watchlist + NotesIndexes - SPY had a really interesting start to the year this past week. For starters, we went 2-1-2d and hit magnitude on Thursday before seeing price retrace back through all of the weeks previous range before making new weekly highs, and closing green. We now have 1-2-2U potential on all indexes, as well as a LOT of names off my scanner. Its also worth noting that we poked through previous month lows on all indexes before seeing a reversal back into previous range. This now opens up the potential for outside months on all indexes (AKA engulfing bars) which will be evidenced by our weekly setups triggering the 1-2D-2U and targeting the previous month's midpoint on all indexes to trigger the SSS50% rule (Which essentially says when you break one side of previous range and then retrace more than 50% of the previous candles range, you are now closer to taking out that other side than you are to reclaiming the side that was already taken out. It doesn't necessarily mean price is more likely to go to the other side, but it does mean that there is less room to the other side than their is to the one side broken, which means it is fundamentally less difficult to achieve since it would require less effort from one group (in this case buyers) to reclaim one side vs the effort it would take the other group (Sellers) to reclaim the level broken already.
This week it is evident we have all the setups and evidence needed to start heading back towards ATH on the indexes, but it will depend on whether we can actually take out previous week highs, and then remain above them. Simply put, if price is above previous week highs, we are seeing an attempt to reclaim the previous weekly highs all the way up to ATH. If we break above previous highs and fail to stay above, then we are seeing a failed attempt from buyers, and we can look to target previous week lows. If inside week, we just rely on what is happening each day to see where daily participants are attempting to take price. If price is stuck inside previous week range, trade something that isn't.
The watchlist for the week will include the best bullish setups, and also looking for relative weakness in what is currently a strong market (as evidenced by the majority of stocks on all indexes being green on the previous day and week).
Bullish:
NYSE:LUV - Big hammer daily that took out a lot of daily pivots below on friday. Hammer week as well, but having mother bar issues on the week as well as M being inside despite large drawdown Friday. Sort of expecting a big move or big fail this week.
NASDAQ:AMD - Revstrat hammer week at M/Q Exhaustion level
NASDAQ:SMCI - 2-2U weekly to counter M going 2D. Daily BF looking to expand. (played this 2 weeks ago for downside, now we have evidence to go long back through range)
NYSE:NET - 3-2U W to target ATH
NASDAQ:MSFT - 2-1-2U D to trigger W hammer 2-2 to negate monthly 2-2 rev. Daily PMG as well
Bearish:
NYSE:KO - 3-1-2d shooter D, 2-1-2 W, 2-1-2 M. 3 Actionable signals that could all trigger and hit targets easily this week, if not all on Monday alone
NYSE:DG Revstrat shooter W to trigger monthly 2-2D. Nice weekly Broadening Formation
NASDAQ:DLTR - Failed 2U Week that triggered SSS50% rule. Looking to quickly drop back through previous range to take this month failed 2U to 3. DG also looking weak so slight industry support here too.
Neutral:
NASDAQ:AVGO - 2x Inside week. No daily AS, but seemingly making a new BF within the combined range of the 2 days after their recent ER. Weekly participants lacking control since then and currently showing evidence of sellers trying to take out LOD from ER gap up day. Can trade this either way since compound inside bars typically result in outside bars following.
GME GameStop Among My Top 10 Picks for 2025 | Price TargetIf you haven`t bought GME before the previous breakout:
My price target for GME in 2025 is $43, driven by the following fundamental factors:
Transformation into a Digital Retailer:
GameStop is actively transitioning from a traditional brick-and-mortar retailer to a digital-first company. This strategic pivot includes enhancing its e-commerce platform and investing in digital gaming, which are essential for capturing the growing online gaming market. As consumers increasingly shift towards digital purchases, GameStop's ability to adapt and innovate positions it to benefit from this trend, potentially driving significant revenue growth in the coming years.
Financial Recovery and Profitability Focus:
After a challenging period, GameStop is on a path toward profitability. Analysts predict that the company will earn approximately $0.08 per share in the fiscal year ending January 2025, reflecting a positive trend in its financial performance. The company's focus on reducing excess costs and improving operational efficiencies will further enhance its bottom line. As profitability improves, investor confidence is likely to increase, supporting higher stock valuations.
Strong Market Sentiment and Stock Performance:
GameStop has demonstrated remarkable stock performance over the past year, with a return of over 110%, significantly outperforming major indices 1. This momentum has created positive market sentiment around GME, which could attract more investors looking for growth opportunities. The current trading price around $26.84 suggests that there is room for appreciation as the company continues to execute its strategic initiatives.
Strategic Partnerships and Collaborations:
GameStop's collaborations with various technology partners are opening new avenues for growth. These partnerships are aimed at enhancing customer experience and expanding product offerings, particularly in the pre-owned game category where GameStop has unique refurbishment capabilities. By leveraging these strengths, GameStop can cater to niche segments of the gaming market, further solidifying its competitive position.
12/22/24 Weekly Watchlist + NotesAMEX:SPY - Huge sell off across the board from FOMC news on Wednesday. SPY sold off down through previous Broadening Formation range reclaiming previous downside pivot just below 684. So with that in mind, we expand out of the BF below that pivotal low, or come back through range above it. With SPY currently setup to potentially go 3-2 daily, we look to see whether fridays high or low gets taken out. Being above the pivot at 684, we are looking to come back through that BF range and make new ATHs as of now. Of course this can all change depending on whether our W is green or red, but for now we are closer to making a daily HH than a LL. With Christmas being this week, the markets close 2 hours early on Tuesday, and re open on Thursday. Being a short week like this, we need to be extra cautious as there will be lower than normal volume, and simply less time for the weekly candle to form, so expectations on a large move this week as most seem to be predicting, may not happen for the prior reasons. Personally will not be trading Tuesday and possibly not at all this week if I don't see absolute A+ setups.
Watchlist:
Bullish:
NASDAQ:NVDA - Pot. 1-3-2U Daily to trigger failed 2D hammer week. Swept BF lows this past week. Looking to come back through range. This is a big name for the markets, so I expect that if the markets are recovering, this will lead the way or follow with it
NASDAQ:MU - 2-2U reversal potential daily to target gap fill from ER. We took out weekly BF mag on friday, hitting exhaustion levels after finally escaping the motherbar it was stuck in for the last 11 weeks. One side gets toasted, magnitude is hit for W and M. All the ingredients for a big recovery. Only issue is being stuck in last weeks range
NASDAQ:PLTR - potential 3-2D for a simultaneous weekly 2-1-2U trigger. Nuclear green on all TFs. Slight room to go to target ATH again, but mainly looking for the weekly inside up measured move, meaning if we go 2-1-2U, we can expect the same move up as we had in the week prior to last weeks inside bar week.
Cruise Lines: NYSE:CCL + NYSE:NCLH Weekly hammers. NYSE:RCL Not a clean weekly AS, but similar daily to other names in the industry.
Bearish:
NASDAQ:TSLA - 3-1 4Hr to trigger MoMo shooter Daily to trigger Shooter Weekly 2-2. Daily PMG to target from ATH Exhaustion. (Big green day for most names Friday, why was TSLA so bearish with such relative strength lately?)
NASDAQ:AVGO - Shooter 2U Day to trigger 2-2 shooter week. Huge gap up from earnings. Looking to attack the gap.
NYSE:KO - MoMo Shooter 2D day to trigger 2-1-2D week. Having issues making range lately, but daily BF is targeting lower still, and weekly 2-2d has yet to be negated. Inside week will confirm more downside to target our BF magnitudes on the D and W, or it will be negated by a 2U week. Simple plan here. Short under prev week low, exit if back above.
NYSE:UBER - MoMo shooter 2d Weekly to reconfirm M 2D and Q 2U going 3. Check Monthly for the BF. Wanna see continuation lower to Q mag at 54.84. No daily AS but 3-1 4HR. May be a slower mover on the list. Basing all my decisions on the weekly as the momo shooter should simply just trigger and work
GME In Coming Days!The price has recently broken the descending triangle, which means it could drop a bit further to the support zone and then rise.
Give me some energy !!
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Inverted Head & Shoulders, Cup & Handle, Bull Flag GME DailyHey, everyone. It's that time again for the latest market update on GME. The charts are buzzing with activity, and we have some exciting developments to share.
Currently, we are trading within a substantial Bull Pennant on both the 15-minute and 1-hour charts. This indicates strong consolidation and potential for a significant move upwards. Additionally, we have a Bull Flag on the 4-hour chart, adding to the bullish sentiment.
On the daily timeframe, we've formed an impressive Cup & Handle, an Inverse Head & Shoulders, and a Bull Flag for the handle of the cup. These patterns are powerful indicators of potential upward momentum.
But that's not all! We are also in the midst of a significant Golden Cross on both the daily and weekly charts. This crossover of moving averages is a strong bullish signal, suggesting that we could be on the verge of a major uptrend.
Here’s a detailed technical breakdown:
15-minute chart: Bull Pennant
1-hour chart: Bull Pennant
4-hour chart: Bull Flag
Daily chart: Cup & Handle , Inverse Head & Shoulders , and Bull Flag
Weekly chart: Bull Flag & Golden Cross
For those who are new to these updates, it's worth noting the historical context: The last time GME had a Golden Cross on the weekly chart was back in January 2021. Following that, GME saw an incredible 12,000% run over just 183 trading days.
With the return of the Kitty and all systems go across all timeframes, the stage is set for a potentially explosive movement. Stay tuned and be ready for what promises to be an exhilarating ride.
GameStop Corp. ($GME): High-Risk, High-Reward OpportunityGameStop Corp. ( NYSE:GME ): High-Risk, High-Reward Opportunity
Trade Setup:
- Initial Entry: $31.45
- Alternative Entry: $24.11
- Stop-Loss: $10.88
- Take-Profit: $125.99
Rationale:
GameStop, a prominent video game retailer, has experienced significant volatility, often influenced by retail investor interest and speculative trading. The stock's history includes notable short squeezes, leading to substantial price surges. Recent discussions suggest the potential for another upward movement, presenting a high-risk, high-reward scenario.
Financial Performance:
In Q2 2024, GameStop reported revenue of $798.3 million, down from $1.16 billion the previous year. The company is focusing on cost containment and plans to close underperforming stores to enhance efficiency.
Volume and Short Interest:
As of November 15, 2024, GameStop had approximately 31.87 million shares sold short, representing about 7.47% of the float. This level of short interest indicates a moderate potential for a short squeeze.
Analyst Ratings:
Analyst coverage on GameStop is limited, with some maintaining a "Sell" rating and a price target of $10.00, suggesting potential downside. However, the stock's volatility and retail investor interest can lead to price movements that diverge from analyst expectations.
Risk Management:
Given the stock's volatility, strict adherence to the stop-loss at $10.88 is crucial to manage potential losses. The ambitious take-profit target of $125.99 offers a substantial reward, but traders should be prepared for significant price fluctuations.
*When the Market’s Call, We Stand Tall. Bull or Bear, Just Ride the Wave!*
*Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.*
AMC, December 2024Close one, with the timing of the Debt for Equity at 5.66, GO plan, big box office movies and a peaking stock market, there's a bullish lotto play short term with at least a 100% returns. Up to the $9 - $13 range. Could last until January, but we all know AMC runs quickly, then falls as quick. The reason for that fall would likely be economic conditions getting worse and the market finally falling.
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It is safe to assume that AMC will also feel the effect of a recession although it has proven in the past that it could care less (check out defunct symbol : AEN, October 2000).
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Still it is wise to remain cautious and expect rejection near $11 and be ready to catch the dip. As AMC is poised to recover along with the movie business through 2025 - 2029.
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If their mission is successful and AMC can survive through harsh months coming up, then this ticker will play a major role in a potential movie bubble that is brewing.
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Nothing is guaranteed, there is always a lot of risks investing in non-profitable and debt ridden companies. Thankfully AMC has seen a slow but solid return to balance sheet cleanliness.
Less expenses, more streams of revenues and debt is being pushed out and actively paid.
There are probably more rounds of dilution coming up along the way, this is when you should have your cash ready. Because when the box-office numbers start popping up again and resume their pre COVID climb, AMC won't spend much more time down there.
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This is not financial advice.
Robinhood Markets. Following the footsteps of Roaring Kitty
Keith Gill, the YouTube streamer known as Roaring Kitty, made tens of millions of dollars in a day from the GameStop meme stock.
YouTube blogger Keith Gill, known as Roaring Kitty, earned a paper profit of $79 million in one trading day from the growth of shares of the GameStop video game store chain, recently wrote CNBC. During trading on Monday, June 3, GameStop shares rose by 21% and closed at $28 per share.
On Monday, June 3, Keith Gill took to Reddit to share what appears to be a screenshot of his investment portfolio. The blogger revealed that he still holds 5 million shares of the video game store chain GameStop and 120 thousand call options on the stock with a strike price of $20 and an expiration date of June 21. Gill's bet on GameStop netted him an intraday profit of $33.6 million from stock gains and $54.3 million from options. As a result, these positions increased in value by $79 million.
A day earlier, Keith Gill posted on the social network Reddit a screenshot of the portfolio, which shows 5 million shares purchased at $21.27 per share and 120 thousand call options purchased at approximately $5.68.
A call option gives the buyer the right to purchase an asset at a fixed price on or before a predetermined date, and creates an obligation for the seller to sell it when requested. By purchasing such an option, a trader or investor takes a long position - long. It is opened in the hope of making money on the rise in the price of an asset, such as a stock.
If GameStop's stock price rises above $20 on June 21, Gill will be able to exercise the options at $20 per share. As a result, he will receive another 12 million shares of GameStop. In total, he will own 17 million shares, making him GameStop's fourth-largest shareholder behind Vanguard, BlackRock and RC Ventures, according to FactSet. At Monday's closing price of $28 per share, his stake is valued at $476 million.
Keith Gill rose to prominence in 2021 after posting a series of videos that investors took as a signal to buy GameStop stock. As a result, in January 2021, the price of securities of the GameStop video game store chain soared from $20 to $483 in two weeks, and the shares themselves began to be called meme.
Did you miss something? That's all right!... as frenzy trading is back to Robinhood Markets.
The main graph indicates on strong Bullish momentum in Robinhood Markets (HOOD) stocks, that are trying to recover after huge 80+ percent post-IPO decline.