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GME

GME - HUGE Bullish Pennant BreakoutGME daily chart looking more bullish each day. Potentially breaking out of a multi month huge bullish pennant as it sits atop the 50-day MA. GME indicators are bullish, Aroon 25 saying more up, RSI bouncing off and staying above 50. Chart harmonics and narrowing BBs in multiple timeframes also appear to be supporting move up soon. Based upon past spikes above the top of the regression channel price predictions are presented for a bullish break out of the pennant. Could test previous highs or higher hitting outer fibs. See Chart. Not financial advice.
NYSE:GMELong
by Akksujean
Win Big and Lose Small storyAugust 2021, was one of the best months for me. While Major indexes (NASDAQ, S&P 500, Dow Jones, Russell 2000) gained between 1.5-4 %, I had 8 analyses with a 10-73% gain in one month, those which hit stop loss made 1- 4% loss..! I also trade BABA option twice and close them with +180 and 100% profits..! and had 2 unsuccessfull trade with -30% loss (use 3% of my capital for each trade) I publish this review to talk about one of the most important habits(strategies) in trading. Novice Trader Story: Season 1: In the middle of a bullish market, FOMO: Fear of Missing Out Episode 1: Before Trading Journey Started Many people and friends share their experience of making profits trading cryptos and stocks on their social media, why should not I give it a try??? Episode 2: Trading Journey Started Opening the trading account, installing the app, transferring the money, and the gate of a multi-trillion dollars world are open now! Episode 3: Pushing the first buy button Welcome to the journey of trading, a journey full of adrenaline for novice traders! Episode 4: Making the first profit It feels like I am the wolf of wall street! Those who entered the market after March 20, 2020, think making money in the market is the easiest thing in the world. From a statistical point of view, it is very unlikely to made loss between March 2020 and February 2021. Episode 5: Market become less inefficient In a trended market (inefficient market) most tickers are positive on most of the trading days..! so making money is more probable than loosing it even for novice traders! Problems start when corrections start, novice traders start changing their positions to find the bullish tickers that gave them the same good feeling. They do not know market behaves in cyclical patterns and they experience multiple corrections by chasing for the best bullish movees. Episode 6: Fear of Loss after a couple of bad experiences, they decide to cash out the profits as soon as they see any, no matter how little it is..! Episode 7: Vicious Cycle Novice traders now experience the killing phenomenon of losing big in the hope of making reversals and wining small in fear of losing their small profits. Episode 8: blowing up the trading account There is not much left to lose! After the trading account becomes smaller and smaller, it is time to go all-in. Usually, it does not work..! Episode 9: what should I do now Novice trader is now addicted to trading and can not stop trading, so decides to recharge the account..! Episode 10: start over Novice Trader 1: Keep doing the same thing over and over again, the same result over and over again (majority) Novice Trader 2: Start learning about the market (reading books, courses) and keep trading, better results but making lots of mistakes because of not having a fully defined strategy. Novice Trader 3: Stop trading and back to normal life, an insightful decision for many people if they make it..! Novice Trader 4: Stop trading, start learning, and promise themselves not to start trading unless they have a fully defined strategy with good backtesting results. (less than 5% of all people) Nash Equilibrium: What Is Nash Equilibrium? Nash equilibrium is a concept within game theory where the optimal outcome of a game is where there is no incentive to deviate from the initial strategy. More specifically, the Nash equilibrium is a concept of game theory where the optimal outcome of a game is one where no player has an incentive to deviate from their chosen strategy after considering an opponent's choice. Overall, an individual can receive no incremental benefit from changing actions, assuming other players remain constant in their strategies. A game may have multiple Nash equilibria or none at all.(Investopedia) What Is a Zero-Sum Game? Zero-sum is a situation in game theory in which one person’s gain is equivalent to another’s loss, so the net change in wealth or benefit is zero. A zero-sum game may have as few as two players or as many as millions of participants. In financial markets, options and futures are examples of zero-sum games, excluding transaction costs. For every person who gains on a contract, there is a counter-party who loses.(Investopedia) Conclusion : Traders can make decisions and hurt themselves if they deviate from their main strategy based on Nash Equilibrium. Most Important Question any trader should ask her/himself: What is my strategy to make money in the market? How I can make it better??? Refrence: 1- UPST: 2- AFRM; 3-ROOT: 4- PLTR: 5-AMC: 6- COIN: 7- GME: 8- BABA: 9- SPRT:
NYSE:AMC
by Moshkelgosha
3
BTC - IB announces new Crypto PlatformAbout all we can add at this point is the 41350 Level had better HODL. Any significant Dip-In with Memes and Coins is going to end in tears for this retracement. Institutions are inching down Cryptos in a very managed decline. It has an ordor of forced panic to it, we shall see. Meme's are being fileted as Oddessy took the brunt of Citadels squeeze and Call Piggies are back, there is however some heavy Put buying in AMC, GME and all the new additions to the WSB's pool of pump a la dump. Funds predating on Funds... never a good sign. BBIG SVIT have given way to CCIG... Options with high IB's are typically idiocy - that said, WSB's has the full on Pump for CCIG. Difficult to tell how the rotations within will actually make money, but it is an indication, patience is wearing thin with GME and AMC. Bankrupting the HOOD is an end goal... Vlad will continue to seek $ from an order flow which is now coming under even closer scrutiny. SEC wants to make an example, they have their Target - Degenerate Gamblers. We continue to add AMC PUTs as well, GME.
COINBASE:BTCUSD
by HK_L61
GME WEEKLY , End of the downtrend?For comments to this chart, please look for r/Superstonk on Reddit. When Media tells you "where to find information" they just directing you where they want you to go. WallStreetBets » 10 Million Followers - AT the time of writing: 24k Followers Online. SuperStonk » 600k Followers - At the time of writing: 46k Followers Online. Holding 95% of my position forever, for the infinite pool. 5% I will sell, pos-MOASS. Well done GameStop for 25% growth on Sales, f*** what MSM has to say.
NYSE:GMELong
by adrianogmatosuk
4
Market Alpha Watchlist - ANYNASDAQ:ANY This stock just recently did a direct offering to fund the purchase of cyrpto mining tools. That looked like it was going to bite them in the butt yesterday but with the flash sale and subsequent recovery, ANY might be a good choice as long as their is no funny business in regards to stock manipulation. Buyers are here and are interested in this stock. My conviction on this stock comes from the option chain where we saw massive option buying take place yesterday on the call side.
NASDAQ:ANYLong
by jakelikesstocks
GME earnings call dip then pop?Tomorrow we see if history repeats itself; historic trend has been for a post-earnings call dip followed by bullish retracement RSI looking oversold at these levels but earnings call will be the strongest catalyst for any price movement up/down. Any positive news from RC tomorrow and this rocket may take off w/ a dip, prices may fall temporarily fall to 160-180 levels before rebounding w/o a dip, price target 400+? Not financial advice, just my thoughts Let me know what you think!
NYSE:GMELong
by seymour-ganes
9
Analyzing GameStop GME Stock ChartFor those of you trading the meme stocks.... this one for you. I took at look at Gamestop (GME) Here's my analysis... Watching in the 1 Hour chart. Positives: Price is bouncing off lower trend line. Currently price is hitting previous support. RSI and MACD reading oversold. Negatives: Price met a lot of resistance above $200 Current trend is down Fundamentals are weak Price prior to the Reddit move was well below current levels. P/E is astronomically high at 10,140!! In comparison, AMZN is around 80... and even that's high. Opinion: This is a highly risky trade. Based on technicals, there is potential for a run-up again to $300-400 range. But this is a huge maybe considering it's majority depends on retail and not institutional money. If it does run, it will end very quickly like previous runs. In my experience, market makers like to project possible run up influencing the technicals that retail traders are using, convincing traders of a run before they pull the rug from under you. If you do decide to enter, I'd look for a current dip to previous lows before entry and have tight stop losses in place. As always, don't use money your not prepared to lose. set your take profit within reason of the upper support and... don't be greedy. As usual.. this is not investment advice. DO YOUR DUE DILIGENCE! Best of luck trader!
NYSE:GME
by ForexDestiny
7
Common retracement to top of pattern following gap up breakoutWe broke out of a symmetrical triangle in a gap up and are simply retracing back to the top of that pattern before making the move up. This is very common and has to do with market cycles. We should expect volume soon, but if there's no volume it is possible we can retrace all the way back down to the 200 Day SMA around $120-$130. Near term outlook is neutral, intermediate term outlook is very bullish, long term outlook is very bullish. Good luck.
NYSE:GMELong
by EricIker
12
PFE STILL MORE GAS IN THE TANKThis chart has been fairly predictable for the past year, however as we start to shape up the larger degree wave count, I've decided to alter this from an expanding diagonal to a typical impulse. The main thing shaping this is the action for wave 2 which appears to be a flat. Under this premise, we have subdivision of wave 3 underway. It appears to be an expanded third: triggering the 1.618 with evidence of another leg up to the 2.272 at $56. This is the primary trade at hand, as we target 15-20% gains here. This trade presents a 10:1 RR with a SL around $45.50 at the recent low for a 20% target. Wave 4 of 3 looks to be complete, hitting the 1.618 extension of A to B (see chart below). We have RSI testing the 70 which will be telling: if it can get into overbought territory, then it's indication of a trend reversal (as markets typically only go into overbought when bullish). Not pictured is the stacking bullish divergence for this wave 4. Another thing that stands out as evidence of wave 4 complete is that it was sharper than wave 2 of 3. By rule of alternation, we would expect this. Upon hitting this target near $56, we will reevaluate, likely close, and look for the next wave down. For now, I have a $45 level identified (w4 larger count) and a 2.618 target near $60 (w5 larger count) on the map. Remember: for extended wave 3s that approach the 2.0, we look for the next fib level near 2.618 for w5. These future targets are dependent on what happens here in this wave 3.
NYSE:PFELong
by warrenbudget
9