AMC SQUEEZE PART 2 Who remember 2 weeks ago I said AMC and GME will begin squeezing. Since then GME went from 70-80 to 200 and AMC from 12 to 34. Now im seeing the exact same thing. Thus im expecting another leg up for both stocks.
GME
GME LongGME had breakout with 127% from the lows. Came back to retest $160 level. Took a position with stop loss around 150. Huge volume increase at this breakout levels.
Getting ready to flyafter ER, will have big short sqz. highly shorted and crossing 20day MA soon, then 50 and then 100
TSLACalls over 1118 can work. There's no resistance until 1200.
I would wait for 1054 to go short.
Trade Idea: 1200C 4/8/22
Is GME Making a Recovery?17 hours ago
GME has pushed itself above the 50MA on a weekly timeframe
If it can close above this level before weeks end, GME may still push a new ATH
BREAKOUTDid y’all see that? Gamestop just smashed through the 50, 100 and 200 day moving averages in just one week just backtested for support and it HELD. Ryan Cohen just fired the nuclear bomb with this stock dividend. It’s end game. Huge volume is coming and halts won’t save the shorts. Bullish. Diamond hands baby, if you know you know.
Gamestop weekly chart bullish or bearishLooking at Gamestop (GME) on the weekly charts I wanted to see where it is going in the long and short-term.
On the left side we see the massive rally in early 2021 hitting the all time high of $483 and pulling back to around $320.
Then in March and June we see to breakouts but failed attempts to take out new all time highs. You see the long upper wicks pulling back and holding support at $150
To the last couple weeks we also see the long upper wick and resistance at $200. The volume has also increased the last 2 weeks.
Price currently is overextended from the moving average so combined with the resistance and the bearish upper wick it does lean more to the bear side but $150 support needs to hold.
Although GME has gone on a bit of a breakout of late this weekly chart is leaning to more downside.
Three things I will be watching for are, one if the volume keeps increasing that is a great sign, two if $150 support holds and lastly I would need to see GME back above the strong $200 resistance for me to be confident in this for long term holds. For now I will play it short-term long and short.
Forming wedge (Bullish) springboardA bullish flag was formed at the end of march indicating a reversal which saw us push up into the $30 region before the NYSE put the breakers on, leaving us hovering in the $23 region. We are now forming a wedge for Monday. If this pattern continues, we'll springboard on retest from the $23 to $26 dollar level at this point, the resistance key levels will be $27.88 before we head back into the $30 dollar region.
Lets see if fundamentals continue to work in an unfair market.
GME - RUMOR Confirmed! GME - Stock Split & Dividend!
Company released an 8 K filing AH today stating plans to hold a vote for a stock split/dividend at the company's next annual shareholder meeting. Details linked below.
Link to 8-K filing: www.sec.gov
AH price is up +$30 and FOMO is building with the Apes. Could easily push price above $200 on tomorrows' OP-EX putting a significant gamma squeeze back on the menu heading into next Tuesday.
And even before the news today the overall TA remains bullish despite the shenanigans of the 29th with a completely atypical limit down halt a few minutes after the open.
Long term breakout looking SOLID with significant volume pouring back into GME over the past few week. Volume accumulation % is building and is larger than pre-sneeze levels. Bulls appear to be in control of the stock at this point.
VFI (Volume Flow) is flashing a BUY signal on the 4 hour chart, daily will likely soon follow. Looking at the ATR (volatility %) looks like buyers have been busy adding to calls the entire month of March IMO = BULLISH.
HODL!
Outer Fib levels and beyond are...
NOT A MEME!
Not financial advice!
GME Short Play - Down to $130s by EODCurrent support for GME at $160.
Heavy sell pressure with regular drops below support before recovery, plus multiple previous supports shattered.
GME likely to fall to next support, likely the prior resistance at $136-$137 range by EOW (4/8) as bears have no sign of releasing pressure.
Puts on GME for $136 strike.
HODL Gamestop if you want to stay poor!How is that for a title? Traders are going to win this play and all the people who are going to hold for the long term are going to get slapped worse than a host at the golden globes. What an opportunity to get out! If I was in GME around this range, I would be selling to recover whatever I could and move on to something else. This is basically a miracle on low volume. Big players may be entering for a last short squeeze as time runs out but don't be the guy who holds for the long term.
Gamestop I guess is looking to do a stock split to make the price more attractive so I am going to have to lower my $10-$20 target because now it's going to hit that too easy in the long run. So what are we talking? Maybe a $5-$10 new range after new shares are issued. This thing is going to turn into a penny stock so they need to be careful on these splits. And don't think GameStop isn't looking to issue new shares out of thin air and dump them on the market. It is no different than the FED issuing new credit to the US out of thin air. Everyone buying that stock is giving a lifeline to Gamestop to live off and stay alive. This isn't just a Zombie Company, it's high on crack and hitting up all its friends for some dollar bills telling them "I'll pay you back man!" We know how that works out.
All the HODL'ers that are throwing their life savings at this will be in the basement like, " But MOM! You said I can stay out until the street lights come on! " Your lady friend isn't going to be too happy with your cubic zirconia when you're down on one knee because you bought GameStop for the long term. Be the trader on this one and let your buddies who won't listen see their wealth evaporate.
#winning #gme #gamestop
GME Trying to find its way home...Ryan Cohen has announced with his massive balls on his sleeve that GME will be seeking approval of a stock dividend along with a split. This is extremely bullish news along with the bullish price action we have been seeing the past couple of weeks. GME looks to be heading back up the upper trendline around 240$ area at the moment with momentum continuing up, If anyone is shaky about staying in this play then it isn't for you. This is a long term swing/squeeze play imo, Looks like its doing the same thing AMC did last year in the summer breakout of 70$, (breakdown out of the bull flag, then proceeding to scrap its way back up into the upper trend before finally taking flight. We shall see what it does but i am personally adding and holding the positions I have. Good luck guys.
A Picture is worth a thousand wordsNot Financial Advice:
Interesting observation that price tends to be encouraged off the 147 line. Doesn't like to stick around for long, will be interesting to see if this time is any different.
We on like Donkey Kong GME STOCK SPLITUp 25 dollars after hours.
Its time
4+ million shares for tomorrows expiry alone after 200 dollars. these are not hedged much at this point.
AMC TREND ANALYSIS Its due for the massive gap up SQUEEZE ALERT
If AMC makes a massive rip up in the next week I am almost confident it will be similar to 2021
Not financial advice
SHIBUSDT inside day breakout long!The GME inside day trade a few days ago was just amazing!
hope everybody did well on that trade!
Also in the "Meme sector" , SHIB recently also has some nice bounce!
Here we got this inside day that hasn't broken to either side yet.
I would love to trade the breakout only to join the recent momentum.
Let's see how it goes yo!
GME is coming down sharpy in next few days. Arm your PUTSHeading towards a over bought situation. Currently setting at 78 in RSI index and given the low volume price rose sharply yesterday. Is this the sign of exhaustion? Looks like. History says every time the stock has gotten above 70 in RSI index it came crushing down. I will definitely buy a PUT at 125 level which is where I think the next support is going to be.
LRC Gann Fans - The RisingLRC on the up and up along with GME and their new marketplace. Seems to be following fairly closely. Will be interesting to watch as the levels progress. Bullish.
GME Price TargetsAnalysis done on hourly candles. The infamous Gamestop enjoyed its tenth consecutive day of a bullish rally to start off the week, placing its daily candle back above the 200 day moving average. This is a level that GME broke below in November of last year, and now that GME moved back above it you can use it as a support point. Going into tomorrow you’ll want the daily candle to open above the 200 day MA to be in the safest possible range. Looking at potential breakouts the stock will need to break the 196.00 resistance to potentially move to 200.00-205.00 next. Second price target is 220.00-225.00. This is a high risk position due to the nature of short squeeze plays.
AMC Next Price TargetsAnalysis done on daily candles. It was just less than a year ago that the infamous AMC short squeeze took place and markets were introduced to a phenomena called “meme stocks.” A group of savvy traders came together and found highly shorted companies and began spreading the word to buy them up in order to force bears to buy back position to close out. We saw this same scenario unfold in the last week from AMC and GME, with AMC up more than 100% this month alone. Looking at AMC’s current position it can potentially rally further to 33.00-35.00 and a second price target of 38.00-40.00 if it can maintain the 24.50 support. The higher the stock climbs, the more bears will be forced to buy back positions so watch for strong buying volume if trading the stock, but don’t forget to constantly take profits as it pushes higher. It can be in a matter of moments that buyers begin taking profits and the stock declines sharply.
GME inside day after 100% rallyThe past a few days GME just had a crazy turnaround.
We got an inside day yesterday, if it's able to break to the upside,
I would very love to participate the momentum!
Let's see how it goes yo!
