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GME

GME - Is Gamestop ready for another run ?GME this past week showed a nice reversal as seen on the 30 minute chart. Price hit a swing low on May 2nd and then rose the rest of the week. Is it riding above the linear regression line set to draw context and direction. On the anchored VWAP bands GME has crossed over the first standard deviation VWAP line as well as the mean VWAP. Buying volume has replaced selling volume in the past 3-4 sessions. GME crossed above the POC line of the intermediate term volume profile suggesting buyers are taking control of the market Please comment. What do you think? Is GME getting ready for another launch?
NYSE:GME
by AwesomeAvani
21
GME: Falling Wedge Breakout to All-Time Highs is NearGME recently bounced from the lows on the lower timeframe thanks to a Bullish Gartley and a massive amount of MACD Bullish Divergence and it has since come back down to fill the gap the rise created; now that GME has filled that gap it is going for a second leg up and the RSI is entering the Bullish Control Zone, and soon it will be Bullishly breaking out a macro falling wedge pattern which if it breaks, I think could take it up to the levels of at least $120-$135
NYSE:GMELong
by RizeSenpai
2
Gamestop may rally after a Bullish ConfirmationGameStop has entered an accumulation zone on the daily timeframe, indicating a period of consolidation and potential price reversal. To anticipate a bullish rally, confirmation of a breakout above this zone is necessary. Furthermore, there is a significant daily support level near the current market price, which has been preventing a downward break. Monitoring the price action and waiting for a bullish breakout confirmation will provide more clarity on the potential direction of GameStop's price movement.
NYSE:GMELong
by TraderChamp-Pro
Is AMC setting up to go long?On the 15 minute chart, AMC is in deep vundervalued territory between one and two standard deviations below the mean VWAP band. IT is near to and abouve to cross over the central POC line of the volume profile. It is the price area where the highest volumes of trading have occurred. The zero-lag MACD shows a buy signal with a K and D line intersection under a green histogram while the RSI Ichimoku shows relative strength to have risen from the bottom of its upward-sloping regression channel and over the 50 value. Overall I see a potential setup here for a breakout. It might be the best time to get a ride on a rocket is before the launch. FOMO riders typically are disappointed. I will take a long trade with 1/4 my usual risk and Que Sera Sera.
NYSE:AMCLong
by AwesomeAvani
1
GME appears to be ready to sell in JuneGME on the 4H chart appears to have topped out at the end of May after a decent rise of 30% after the May 2nd bottom. At present, the Hull Suite trend indicator is signaling a reversal while the MACD zer0 lag indicator shows the lines have crossed under the horizontal zero and the histogram has turned red. The RSI Indicator is showing a bearish divergence with strength decreasing from 80 to 60. I see this as a short setup and will take a position of put options with some long stock shares as risk management and hedging strategy. My target is a 50% retracement of May's move up and a stop loss above the swing high. GME is still above the POC line of the volume profile. Once it drops to that value, I expect bearish momentum acceleration. Earnings are coming. If in profit before earnings, I will take off half the position for the earnings and then expect GME to rise and stop out the remaining position or drop quite a bit more.
NYSE:GMELong
by AwesomeAvani
GameStop ($GME): Potential Consolidation in mid-termGameStop Corp. offers games and entertainment products through its ecommerce properties and stores. It operates through the following geographic segments: United States, Canada, Australia, and Europe. Each segment consists primarily of retail operations, including stores and ecommerce properties focused on games, entertainment products, and technology. GameStop offers new and pre-owned gaming platforms from the major console and PC manufacturers, sells new and pre-owned gaming software for current and certain prior generation consoles, and offers a variety of in-game digital currency, digital downloadable content, and full-game downloads. The firm’s stores and ecommerce sites operate primarily under the names GameStop, EB Games, and Micromania. Its pop culture themed stores also sell collectibles, apparel, gadgets, electronics, toys, and other retail products for technology enthusiasts and general consumers in international markets operating under the Zing Pop Culture brand. The company also publishes Game Informer, a print and digital gaming publication. GameStop was founded by Daniel A. DeMatteo in 1996 and is headquartered in Grapevine, TX. From a technical point of view, the trend is still bullish on weekly chart (Log Scale), but at the same time, a breakout of the previous low should trigger a bearish leg with a first Target around $9.70 area. Trade with care! Like if my analysis is useful. Cheers!
NYSE:GMEShort
by TheAnonymousBanker
1
GME: should have more downsideGME the king of meme stock is still on correction mode. On a log scale it doesn't look that bad really; specially if one compares with the lot of crypto charts. Anyhow, at this moment it looks like GME has some ways to go to complete the corrective wave 2. When price goes parabolic, it is quite natural to have a prolonged corrective phase. Price should come down to previous lower degree wave 3 to wave 4 area. Back in 21, I remember gambling 20 bucks into 200 in less than a week and then got stuck on Robinhood with put options when they stopped trading. Insane times... Hopefully, next time around, GME will graduate from a meme stock to something with actual fundamentals behind the company to start a long term uptrend (AKA cycle degree wave 3)...one can hope.
NYSE:GMEShort
by mukit1
1
Good Entry Point for GameStop? Not Just YetGME STARTED TO TEST NEW LOWS: STRATEGY SHORT Sue. This Market seems to be volatile and very difficult to trade. Scalping?Trend? Range Trading?.... Well ... I just look for volume areas, where the market is testing the forme false breakouts... The minor short term has just started. Overall Average Signal calculated from all 13 indicators. Signal Strength is a long-term measurement of the historical strength of the Signal, while Signal Direction is a short-term (3-Day) measurement of the movement of the Signal. 20 Day Moving Average short 20 - 200 Day MACD Oscillator short 50 - 100 Day MACD Oscillator short Support & Resistance 3rd Resistance Point 22.40 2nd Resistance Point 21.64 1st Resistance Point 21.03 Last Price 20.42 1st Support Level 19.66 2nd Support Level 18.90 3rd Support Level 18.29 Key Turning Points 52-Week High 47.99 37.17 Price Crosses 9-18 Day Moving Average 35.80 Price Crosses 9-40 Day Moving Average 35.54 61.8% Retracement from the 52 Week Low 33.31 Price Crosses 18-40 Day Moving Average 31.70 50% Retracement From 52 Week High/Low 14 Day RSI at 80% 30.32 27.86 38.2% Retracement From 52 Week Low 13-Week High 27.00 14 Day RSI at 70% 24.71 22.62 38.2% Retracement From 13 Week High 22.26 Price Crosses 18 Day Moving Average Stalls 21.47 14-3 Day Raw Stochastic at 80% 21.29 38.2% Retracement From 4 Week High 21.26 50% Retracement From 13 Week High/Low 21.18 3-10 Day MACD Oscillator Stalls 21.04 14-3 Day Raw Stochastic at 70% 20.67 50% Retracement From 4 Week High/Low 20.56 Price Crosses 40 Day Moving Average 20.21 14 Day RSI at 50% 20.19 14-3 Day Raw Stochastic at 50% 20.15 Price Crosses 18 Day Moving Average 20.05 38.2% Retracement From 4 Week Low 19.91 38.2% Retracement From 13 Week Low Low 19.51 Low 19.34 14-3 Day Raw Stochastic at 30% 19.08 Price Crosses 9 Day Moving Average 19.00 Price Crosses 9 Day Moving Average Stalls 18.91 14-3 Day Raw Stochastic at 20% 17.81 14 Day %k Stochastic Stalls 17.25 Price Crosses 40 Day Moving Average Stalls 16.60 3-10-16 Day MACD Moving Average Stalls
CAPITALCOM:GMEShort
by DaveBrascoFX
Cramer - Accumulating for next move upLow cap altcoin with huge potential, I can see that this token is in a accumulating phase. It's currently at 1M market cap but I could see it easily reach 10-20m MC in the near future if it breaks up above the support zone. They have the best meme's on crypto twitter and they are launching their platform "Chad Money" soon. Of course this is a degen play for us crypto investors, But I wouldn't post about this if I wasn't confident to see a strong move in the future. As I said, It could take time, but when it comes I believe we will see some incredible numbers upwards. The higher the risk, the higher the reward.
Long
by WealthNode
1
Bed Bath and Beyond - Buy the Uncanny Valley and Delete RedditOne of the first things you might ask yourself with this call is "How did a bull get stuck in a washer and dryer?" The people who look more closely might ask "Why is this bull living out of a washer and a dryer?" The short answer to both of these questions is that the dude listened to Reddit. I say this in every post about memestocks, but Reddit isn't your friend. It isn't even social media. It's a social marketing and social influencing website masquerading as an organically-created and consensus-driven forum. Moreover, the Chinese Communist Party's Tencent took a big stake in it many years ago and it spreads all the worst trash of Marxist-Leninsm. Perhaps if Reddit had have collapsed in bankruptcy then the future would have been a lot brighter for several million young people. Too late for crying now, though. Scrolling through Reddit is the intellectual equivalent of eating eight or nine bags of potato chips everyday and then complaining that you're fat and girls don't want to marry you. There are two things Reddit is there for when it comes to trading. One is to condition you to feel that losing money, and a lot of it, is both normal and okay. It's not. If you're losing money trading, then you need to fix something, and fast, or just take your money and go buy yourself something nice with it, because you're obviously just gambling and are missing something fundamental in both your understanding and execution. Wanting to get rich, and quick, will do that. The second thing Reddit is there for is to indoctrinate your mind with pornography, socialism, Marxism, and atheism, and it happens all while you think you're reading the words and feelings of other people who are just like you. But they're not just like you. They're not even people. They're "professional" community organizers who are sitting in a cubicle referencing a flowchart pinned to its grey cushions collecting their $16 an hour and you can't figure it out because they told you that the very idea is a "conspiracy theory." Bed Bath is this company that sucks and is going bankrupt. Don't believe it? Just go to a store and ask yourself why you're there instead of on Amazon on your phone. That didn't stop BBBY from yielding 4 and 5 baggers if you happened to buy the bottom and sell the top (you didn't, Ken Griffin's trading desk did, though), and that's exactly the issue. So the story with BBBY is that Hudson Bay Capital and a bunch of other Wall Street money effectively put a $1 billion blood infusion into Bed Bath. This comes in the form of some convertible preferred stock that has a profitable floor of about 71 cents and a ceiling of about $3.61, according to Bloomberg . What's 500% among friends? That's what I always say. So, taking a look at Reddit, there's two really notable things on this stock: 1) In the last two weeks there's almost a total blackout on BBBY from the WallStreetBets pump-and-dump-to-dumb-money brigade. 2) The Bed Bath subreddit has desperate bulls looking for the "MOASS" (Mother of All Short Squeezes), despite it already doing it twice in quick succession (lol, shows you their entry is higher than $5 and $7, doesn't it?), and telling each other to quickly "DRS" (Direct Register, AKA put your BBBY in an off-exchange personal wallet) in an attempt to mess with the float to manipulate Hudson's equity position on their convertible contracts. After thinking about it for a while, I believe the blackout on BBBY on WSB is because the idea is to not attract the attention of retail buyers to the stock now that "everyone knows" BBBY is going bankrupt. In other words, the PR company and the people who pay the PR company, who manage Reddit's trading forums, don't want people to buy cheap. The BBBY forum is acting as mentally ill as it is because bag holders are feeling desperate and dosing a heavy stimpak of hopium. All of this leads us to believe that, despite the reversal pattern that the short-dumpster to $7 produced, a new all time low is incoming. After all, Hudson's risk is profitable above 71 cents, Bloomberg says. The ATL is 88 cents. This is 20%, by the way, and 20% is a lot. If you got a 20% move on the Nasdaq while holding a QQQ call you'd make like $4,000 a contract. The thing to understand is that smart money isn't like you are, who is eternally unhedged and emotionally unstable. Hudson is hedged and really couldn't care less if BBBY goes under 71 cents for a few days because they'll just buy more. And they have a strategy to profit from the plummet in the meantime. Of course they'll buy more. They obviously see a lot of upside to risk $1 billion on a bankrupt shitco retail chain that was trading at a 2-handle when they donated blood. So, what kind of upside is there? Well, frankly speaking, the upside is this weird double top left at $30 during the RYAN F'IN COHEN pump and dump last year: It might sound too good to be true, but look. BBBY short interest ending Jan. 13 and Jan. 31 are both twice as high as it was during the Cohen/Reddit retail rape. Moreover, according to the most recent institutional holdings filings dated 12/31, only nobody firms sold out of BBBY. While names like Bank of America and Barclays reduced their positions, bigger and more important names like Blackrock, Vanguard, Morgan Stanley, and Citadel increased their holdings. Did they not know BBBY was on the verge of bankruptcy and stood to get delisted like Party City just did? Of course they knew. They know what comes three and six months from now, too. A lot of the same big names decreased their holdings in Party City before the bankruptcy Another key factor is at Friday's close Bed Bath is only worth like $211 million in market cap. Even a 20 bagger is only $4 billion. A 20 bagger from <$1 is only $2 billion in MCap. For Bed Bath to go to $30 or $60 in the end requires some crazy fundamental thing, like perhaps Buy Buy Baby really does get split into its own stock, awarded to BBBY shareholders, and you get a Kodak 2020-style candle. It's hard to say, but if you buy at 60 cents and it goes to $2.4 and you sell it all, who really cares? Nobody except for Wall Street truly knows either what is going to happen or when it's going to happen. But for now, it seems to me that the thing that will generate the most alpha for the MMs is to dump BBBY under its $0.88c ATL, probably while Nasdaq and the indexes feign beartown and volatility goes up. This will cause capitulation from retail bag holders, because that's how retail does it, while the WSB brigade won't buy because they're not being told to buy. Imo, this is the idea of everything going on right now. So you can buy the really low prices. But there's a lot of risk. Maybe BBBY goes Chapter 11 and gets delisted and liquidated in receivership, though. Life is hard and you lose a lot, no matter how you want to gain. You still lose a lot. Buy a $0.6 handle and try to hold a winner to $30. I dare you. Frankly speaking, holding a winner is really hard. In some ways it's a lot harder than holding a loser. The way to do it, though, is if you can bag some multiples, is to sell a portion equal to your risk and let the freeroll run until the entire market at large is showing the warning signs of a crash. Then dump it all and never touch it again. So, stay safe, lawyer up, hit the gym, and most importantly, delete Reddit.
NASDAQ:BBBY
by LordWrymouth
40
4/28 Watchlist + NotesShort Watchlist today. Will go into details from this week on sunday nights list for next week. SPY - Wanted consolidation or light pull back today and got a massive green day instead. Overall was not expecting this, but to be fair with the amount of dropping we did back to back leading up to today, I think it was fair to see this kind of range. Anyone who played the 2D-2U daily reversal should have made solid profits today. Overall going into tomorrow I am hoping for an inside day to end the week, but with the 2-2 reversal we have now created, we must look at breaking today's high to send us even higher. We have crossed back over the BF midpoint, but the weekly remains a nice red candle so we may not get to see the top of the BF range again. Also worth noting we start a new monthly candle next week so volatility may be high as we finish the weekly and monthly candles Watchlist: U - 2-1 at the bottom of a broadening formation drawn a while back. Looking for upside ARKK - 2-1 at the bottom of a daily trendline for it's 3rd touch. Looking for upside as well Personally did not trade today and had a super busy day with finals (Done with school for the semester btw), but will be back at it tomorrow and all of next week. Apologies again for the short list. I will be sure to include all details from this week on my watchlist for monday whenever I get around to posting that this weekend. Good luck finishing out the week/month strong as always
AMEX:SPY
by Alanger17
The GameStop Short SqueezeThe GameStop short squeeze that took place in January 2021 was a pivotal event in the history of financial markets, as it brought to light the power of social media and the complex dynamics between retail investors and institutional players. This unprecedented event, fueled by a group of retail investors on the subreddit r/WallStreetBets, led to the rapid rise of GameStop's share price and significant losses for some hedge funds that had bet against the company. The GameStop saga revealed underlying issues related to market manipulation, fairness, and the need for regulatory reform. The Power of Social Media The GameStop short squeeze highlighted the extraordinary impact of social media on financial markets. Reddit's r/WallStreetBets, an online community where members share investment ideas, became a powerful force that drove up the share price of GameStop and other heavily shorted stocks. These retail investors, driven by a combination of a desire for profit and a disdain for Wall Street's elite, banded together to challenge the status quo and fight against the hedge funds' dominance. The internet played a significant role in enabling and facilitating this market event. Online platforms provided retail investors with easy access to information, while social media allowed them to communicate and coordinate their actions. This demonstrated how the internet has leveled the playing field between retail investors and institutional players, at least in terms of access to information and the ability to influence market movements. Market Manipulation and Fairness The GameStop short squeeze raised questions about market manipulation and the fairness of the market for all participants. Some critics argued that the actions of r/WallStreetBets members amounted to market manipulation, as they actively promoted GameStop stock with the intent to drive up the share price and force a short squeeze. However, others pointed out that hedge funds often engage in similar tactics to profit from their short positions and that the retail investors were merely employing the same strategies used by professional traders. The controversy surrounding the trading platform Robinhood further fueled the debate on market fairness. Amidst the volatility, Robinhood and other platforms limited trading in GameStop and other volatile stocks, which sparked accusations of market manipulation and collusion with hedge funds. Critics argued that these restrictions unfairly disadvantaged retail investors, while Robinhood maintained that the limitations were necessary to manage risk and comply with regulatory requirements. Regulatory Repercussions and Reforms The GameStop short squeeze caught the attention of regulators and lawmakers, prompting Congressional hearings to address the situation and discuss potential reforms. During the hearings, various stakeholders, including representatives from trading platforms, hedge funds, and retail investors, provided testimony and perspectives on the events that transpired. The hearings underscored the need for regulatory reform to protect retail investors and ensure market fairness. Some of the proposed reforms included increased transparency in short selling, restrictions on high-frequency trading, and measures to enhance market stability. Additionally, the hearings highlighted the need for better investor education to ensure that retail investors are aware of the risks associated with participating in such events. Lessons Learned While some retail investors profited from the GameStop surge, others were left holding the bag as the stock price eventually declined. The episode serves as a cautionary tale about the potential risks and rewards of participating in market events driven by social media and mass psychology. The short squeeze underscored the importance of understanding the fundamentals of investing, as well as the need for sound risk management practices. Conclusion The GameStop short squeeze will be remembered as a defining moment in financial history, as it not only showcased the power of social media and the internet in influencing financial markets, but also exposed the complex dynamics between retail investors and institutional players. The event has led to increased scrutiny of market practices, regulatory reform, and an ongoing debate about the fairness of the market for all participants. The repercussions of the GameStop saga are likely to shape future policy decisions and the evolution of the financial landscape. The GameStop short squeeze has set a precedent for the role of social media and online communities in shaping financial markets. As the internet continues to democratize access to information and level the playing field for investors, it is essential for regulators, policymakers, and market participants to adapt to these changes and ensure a fair and stable financial environment. In doing so, they will not only protect the interests of all market participants but also foster trust and confidence in the markets for years to come.
NYSE:GME
by financialflagship
4
GME gap fillingGME didn't moon (from previous post), clearly. Really bad option chain setup for any real runs still. IV looking tragic still, but we all know the market will be taking that 2nd leg down soon so I can't see GME going up in the near term. GME is super illiquid still. Market is taking a turn down finally. My target is $17.5. Current I have ITM CCs between 17.5 - 20, looking to exit when they go OTM or before 5/15. Finally, hoping we see a pump into next earnings after this dip. Use the time to collect some additional capital from CCs, CSPs at bottom, etc.
NYSE:GMEShort
by spearmintys
1
GME 4hr - BB SqueezingWhen Bollinger Bands® (Yellow lines) are far apart, volatility is high. When they are close together, it is low. A Squeeze is triggered when volatility reaches a six-month low and is identified when Bollinger Bands® reach a six-month minimum distance apart. (www.investopedia.com) Morningstar data is currently estimating NYSE:GME fair value at $48.42 Zacks' proprietary data indicates that GameStop Corp. is currently rated as a Zacks Rank 2 and we are expecting an above average return from the GME shares relative to the market in the next few months. In addition, GameStop Corp. has a VGM Score of A (this is a weighted average of the individual Style Scores which allow you to focus on the stocks that best fit your personal trading style). Valuation metrics show that GameStop Corp. may be undervalued. Its Value Score of B indicates it would be a good pick for value investors. The financial health and growth prospects of GME, demonstrate its potential to outperform the market. It currently has a Growth Score of A. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of B. (www.zacks.com) GameStop has been cash flow positive for the last two quarters and delivered an average earnings surprise of 37.29% in the trailing four quarters. GameStop Director Larry Cheng, who is paid in shares and does not receive a cash salary, used his own money to acquire 5,000 additional shares of the company's stock at market price. (www.thestreet.com) A breakout from the BB squeeze to the upside ( HKEX:27 ) with high volume like on March 22nd may create a perfect cup & handle indicating another possible breakout to the upside ($32.80) Not advice, only my opinion. Do your own due diligence.
NYSE:GMELong
by vanzylik
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