WATCH GME AND THE MEME STOCKSHere's my GME chart. Election week has potential to explode.
If you can, a nice buy zone is forming right under $26. I'd say the max upside is $64, but momentum could carry it higher. I'd still recommending exiting at $64 if it were to get that high (unlikely scenario)
Realistically, $25 to $31 seems to be a nice trade window, with the potential to trade the extra upside if it were to keep going.
stop is around $21
I feel this movement will be quick when it happens.
GME
$GME - Nov 1 Single Day RunThe first Tuesday after monthly options expire there will be some price movement for the entire market due to option T+1 and Share T+2 settlement from Friday's monthly expiries. As always, this will probably be a single day event.
There's a possible downside of $19-21 before anything, or this may be the bottom, up to you to decide. I only know that there will be movement on Nov 1, no idea what happens before or after that. I don't know if this is the correct buy in area, i only know the price goes up on Nov 1. If i knew what happens beforehand i'd be rich.
I'm more confident in the 1'st of Nov than i am for Nov 22.
Towel stock will have a glorious bounce. Good entry area now.OBV hasn’t even came close to falling back to its previous lows before BBBY’s run up in July/August.
In fact.. OBV hasn’t even broken down resistance.. it’s still holding a pretty strong bullish signal and share price is below previous lows in July..
Certainly share price is undervalued on the technical side.
Check out my ideas on GME because these stocks tie together in my personal opinion.
NOT FINANCIAL ADVICE
GME: T+69 is Back! Huge Upside! Hello everyone,
Welcome back to yet another technical analysis. T+69 has only failed once and that was Friday, Jan 7th, 2022 and all the other times it was successful. Although I considered it a failure, we still saw huge volatility that day with a high of $40.08 ($160.32 pre-split) and a low of $33.13 ($132.48 pre-split). This cycle, historically, has been the most accurate and it looks like we're heading into another 69 baby! Are we going to see similar events to Jan 7th or are we going to see a huge upside the week of Oct 10th - 14th?
Let's take a trip down memory lane and look at the last T+69s:
After the events that unfolded on June 8th, 2021,
Friday, Aug 19th-Aug 24th 2021: +50.55%
Friday, Oct 29th - Nov 3rd 2021: +43.65%
Friday, Jan 7th, 2022: (Depending on how you look at it) -17.35%
Thurs, Mar 17th, 2022: (The week of RC and friends buy-in) +157.04%
Weds, May 25th - May 26th, 2022: +71.23%
Tues, Aug 2nd - Aug 8th, 2022: +49.22%
Mon, Oct 10th - Oct 11th, 2022: ???
Analysis
On the daily, it looks like we're heading into a death cross. The question is will this be another successful one or are we going to test it? Tiny gap to fill at around $25.42 and if we happen to fall we should see us filling another gap at $22.44 (visible on the hourly) and another fall below results in us touching a potential double bottom at $19.50. If successful, should we break the above resistance, we should see filling the gap at $37.30 and $40.27 and the off chance finally closing the gap that was left at $73.
As always, not financial or sexual advice. I eat crayons for breakfast and can't read.
Gamestop to breakdown from a descending triangle.GameStop - Intraday - We look to Sell a break of 23.28 (stop at 24.72)
Daily signals are bearish.
Price continues to trade within the triangle formation.
The bias is to break to the downside.
Support is located at 19.50 and should stem dips to this area.
Our outlook is bearish.
Our profit targets will be 19.66 and 18.66
Resistance: 27.00 / 28.00 / 30.00
Support: 24.00 / 23.50 / 22.00
Disclaimer – Saxo Bank Group.
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$WEBR could be a great Swing Trade opportunity $WEBR has been moving sideways in a Horizontal Channel for weeks and currently the price is not far from the lower trendline which act as very strong support🔥
This can be a great swing trade with low risk + high reward (SL is indicated on the chart)
+ $WEBR has a very high short interest of 52% .. so i expect a huge short squeeze 🔥
* don't trade without SL
GME TRADE SETUP - POSSIBLE 24% GAINI'm seeing potential for another GME 24% run in the near future.
The trade is going to be an entry sometime in the next few days @ or under 25.71
The sell price we are looking for is around $31.97
Orange lines are the previous 24% trade and need to be noted as possible resistance or support.
GME moment of truth -- will the Algo break the trendline??GME algo is in full control, as you can see from the two upward blue channels that follow with a sharp drop.
The good news is that the upward orange trendline has held on 3 separate occasions now -- Feb '21, May '22, and Sep '22.
This signifies that while the algo remains mostly in control, the lows aren't as low as they could be because DRS diamond hands are holding the line.
The moment of truth will come within the next couple weeks, as the algo goes for the "mega drop", similar to what we saw in January when we went from $40 to $20.
If we're lucky, we will mimic the movement of April '20 before the sneeze, where the price temporarily dropped below the trendline and back into it, igniting the squeeze in just a few months.
So I'd expect a quick drop below the channel to the $15-20 range and back into it shortly thereafter.
If this happens, MOASS is most definitely imminent within the next 3 months.
However, if it doesn't bounce back into the channel, MOASS would be delayed and a new trend would most likely take shape over the next 6 months or so before we can make any real judgement. At that point, we'd be totally dependent on DRS numbers sucking out liquidity before we saw anything really reminiscent of MOASS.
$GME - Maybe somethingHi all,
Don't get your hopes high, as of a couple of weeks now GME, XRT and those other basket stocks have been seeing a few swaps with a higher than usual cost. Typically when this happens it means something's going to happen within 5-15 days at least according to me. For example when we were dropping down like a brick to 24, there were no swaps above $1 mil, suddenly since a bit over a week now swaps are picking up a bit with some >$1m swaps indicating a small buildup of something. The amount of $ spend on swaps is not anywhere close to what happened with other runs which might indicate that we're in for a tiny run.
It's a bit unusual for GME to see larger or equal amounts of $ spent on swaps than what is spent on AMC. Again, the amounts aren't insane compared to other runs, but are still indicative of a bump incoming. Please note that random Powel announcements, CPI bs or random intentional scares can always happen and will always be the perfect excuse to just ram the market into the ground on the market's most bullish days and especially Meme Stock run days.
I think the current price action and what's to come is mostly retail (thetagang) dipping their feet in now that they know the quarterly playbook and know when to sell and not sell puts. Another part of it is hopefully last month's settlement being deferred somehow to September like what happened with February 2022 where a tiny run happened but most was deferred to March, that or settlement ocurred during the mega dip of August. Anyway, i think this is mostly thetagang's doing as i've seen them tell each other to wait before selling calls or puts etc which indicates they now understand the playbook and might be affecting everything.
All in all, Sept looks weak for a run. If there is one, i think it'll be weak-ish like $31.4 kind of weak. March seemed weak too and then it blew up, so you never know. Keep that in mind. I don't think anyone expected March to happen and that's why everyone was caught off guard and the price managed to run that high. Will be interesting to see what September does.
Here's some swaps from the past ~5 days ish that are slightly unusual.
-GME $27.62532679 QTY:100,000 Cost:3,000,000, Trade:NEW-Amendment Expiry:2026-11-13 PreviousExecutionDate:2021-11-10 ID:430119421
-GME $27.62532679 QTY:100,000 Cost:3,000,000, Trade:NEW-Amendment Expiry:2026-11-13 PreviousExecutionDate:2021-11-10 ID:428544542
-XRT $67.34842157 QTY:280,000 Cost:19,000,000, Trade:NEW-Amendment Expiry:2032-06-04 PreviousExecutionDate:2022-06-02 ID:428543151
-XRT $100 QTY:30,000 Cost:2,000,000, Trade:NEW-Termination Expiry: PreviousExecutionDate:2021-01-04 ID:428420120
-GME $36.83376914 QTY:120,000 Cost:4,000,000, Trade:NEW-Amendment Expiry:2026-11-13 PreviousExecutionDate:2021-11-10 ID:427892329
-GME $43.86061112 QTY:51,000 Cost:2,000,000, Trade:NEW-Amendment Expiry:2023-01-25 PreviousExecutionDate:2021-12-21 ID:427891743
-GME $19.97363499 QTY:35,000 Cost:1,000,000, Trade:NEW-Termination Expiry:2026-05-28 PreviousExecutionDate:2021-06-01 ID:427790074
-GME $29.69945297 QTY:79,000 Cost:2,000,000, Trade:NEW-Increase Expiry:2023-10-09 PreviousExecutionDate:2022-06-22 ID:426806358
-AMC $15.00000004 QTY:180,000 Cost:3,000,000, Trade:NEW-Trade Expiry:2023-09-07 PreviousExecutionDate:2022-09-07 ID:426517030
-AMC $15.00000004 QTY:180,000 Cost:3,000,000, Trade:CANCEL-Trade Expiry:2023-09-07 PreviousExecutionDate:2022-09-07 ID:426517781
-XHB $999,999,999,999,999.99999 QTY:1,400 Cost:87,000, Trade:NEW-Termination Expiry:2029-07-17 PreviousExecutionDate:2021-11-17 ID:428511808
I only track XHB because it has a strong relationship to XRT and this monstrosity appeared. Hopefully a clerical error.
Anyway if there will be a tiny price bump, it may occur on Wednesday-Thursday next week which is almost exactly 15 days from when some pretty large swaps were filed for KO and BRK.B (The "indicator" stocks)
Really, the larger than normal swaps started being filed starting on the 2'nd of Sept up to the 7'th. So the +15 days window from there starts on the 14'th of Sept to the 23'rd ish for a run.
-KO-COLA $62.00322181 QTY:3,000,000 Cost:170,000,000, Trade:CANCEL-Trade Expiry: PreviousExecutionDate:2022-09-08 ID:426490917
-BRK-B $249,999,999.49352237 QTY:5+ Cost:250,000,000+, Trade:CORRECT-Trade Expiry:2023-07-10 PreviousExecutionDate:2022-09-06 ID:424583559
-BRK-B $249,999,999.85039584 QTY:5+ Cost:250,000,000+, Trade:CORRECT-Trade Expiry:2023-07-10 PreviousExecutionDate:2022-09-06 ID:424584248
-BRK-B $250,000,001.20846061 QTY:5+ Cost:250,000,000+, Trade:CORRECT-Trade Expiry:2023-07-10 PreviousExecutionDate:2022-09-06 ID:424622634
-XRT $66.44628649 QTY:64,000 Cost:4,000,000, Trade:NEW-Increase Expiry:2023-03-02 PreviousExecutionDate:2022-08-16 ID:424624284
-XHB $62.95258534 QTY:95,000 Cost:6,000,000, Trade:NEW-Partialtermination Expiry:2023-01-04 PreviousExecutionDate:2022-08-26 ID:424578934
-XRT $66.66666691 QTY:130,000 Cost:8,000,000, Trade:NEW-Trade Expiry:2023-01-04 PreviousExecutionDate:2022-09-06 ID:424579433
-KO-COLA $45.75033764 QTY:5+ Cost:250,000,000+, Trade:CORRECT-Trade Expiry:2022-10-26 PreviousExecutionDate:2022-07-26 ID:422184202
I'm too poor to play this, but by all means feel free to keep an eye out for it. Not gonna mention the next more significant run date as i don't want thetagang and others to pick up on it, a man needs money...
None of this is financial advice, i'm not a financial advisor.
Revisiting my prior theory on creation of GME FTDs through TTTHello everyone, Chem here..
Earlier this year along with the help of copious amounts of information on Reddit.
I discovered that it is super blatant that
TTT (ProShares Ultra Pro Short),
seemingly spikes strongly into GameStop
run ups.
Overlaying the charts has allowed
me to view and observe perfect symmetry
between the two.
My theory and ideals on this entire topic
stands. If you wish to read my extremely
detailed ideas and rant topics then feel
free to somewhat educate yourself.
Kenny G, ain't no stoppin' me.
Cant stop. Wont stop. GameStop.
Just sold my car for more shares, I bike to
my chemical warehouse job where I work
80 hours a week at. I'Il inhale cancerous
products 24/7 just to fuel GME fractional
amounts if it means cell one day. You give
me power Kenny G. Thanks you
Check out my other great topics about this
same idea.
GME to the moon
Not financial advice.
Also I'm 100% on my calls so far, in terms
of success, if that means anything to you
analytical people.
Further explanation in comments.
Revisiting my theory on GME FTDs creation through TTTHello everyone, Chem here..
Earlier this year along with the help of copious amounts of information on Reddit. I discovered that it is super blatant that TTT (ProShares Ultra Pro Short), seemingly spikes strongly into GameStop run ups. Overlaying the charts has allowed me to view and observe perfect symmetry between the two.
My theory and ideals on this entire topic stands. If you wish to read my extremely detailed ideas and rant topics then feel free to somewhat educate yourself.
Kenny G, ain’t no stoppin’ me.
Cant stop. Wont stop. GameStop.
Just sold my car for more shares, I bike to my chemical warehouse job where I work 80 hours a week at. I’ll inhale cancerous products 24/7 just to fuel GME fractional amounts if it means cell one day. You give me power Kenny G. Thanks you
Check out my other great topics about this same idea.
GME to the moon
Not financial advice.
Also I’m 100% on my calls so far, in terms of success, if that means anything to you analytical people.
GME Potential for Bullish Continuation| 19th September 2022On H4, with the price breaking the descending trendline and Stoch is rising from the support, we have a bullish bias that the price may rise from the buy entry at 29.19, which is in line with the 23.6% fibonacci retracement to the take profit at 31.98, where the overlap resistance and 38.2% fibonacci retracement is. Alternatively, the price may drop to the stop loss at 26.91, where the 50% fibonacci retracement is.
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GME How Much Upside?NYSE:GME
GME has made a recent move; is there any more left?
On the one hour chart with the volume profile overlaid.
the head and shoulders pattern of late May to late June
may be providing resistance as does the POC of the
volume profile in the same price zone.
I conclude that GME has perhaps 15% upside and is
not setting up a parabolic move or anything of the sort.
GME: RSI Update, Dip Before the RipGood morning,
Last time we fell below the 30 mark on the RSI we saw a 90%+ move up and the other two times it fell to this level we saw 50-100%+ move up as well. I'm factoring in a 60%+ move up as this is like a spring that has been compressed and is ready to explode. I also overlayed November 2021 cycle and it looks like we're following that perfectly.
Downside PT: 22.12 / 21.87 (support)
Upside PT: Fill the gap at 27, 37 and 40.
As always, NOT financial or sexual advice. Good luck!