GME
Trade Like A Sniper - Episode 27 - GME - (8th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing Gamestop (GME), starting from the 4-Month chart.
If you want to learn more, check out my other videos on TradingView or on YT.
If you are interested in private coaching, feel free to get in touch via one of my socials.
Can Roaring Kitty and WSB team push Gamestop to $184If u copy the price range #1
and add it to the high of 2008
We get a log price #2
This could be useful to have some insight to where #GME could possibly go if things go crazy!
And it not only challenged it's ATH but goes on into blue sky territory.
This is also extremely bullish for #crypto and #shitcoins
Wild Degeneracy breeds FoMO and creates giant green candles where don't expect them
#Memecoins
$GME GAMESTOP... HAS THE GAME STOPPED?NYSE:GME Gamestop broke out of it's falling wedge after 3 years of a downtrend from an all time high of $120 - Weekly Timeframe.
At the breakout of this falling wedge, #GME distorted it's downtrend to start an uptrend!
Currently! Prices have retraced to supports around 24.
To maintain this uptrend, price action has to remain supported btw $18 - $24 Else next support around 10 could be retested.
Maintaining key support around $24 will allow for much higher prices in the future.
NYSE:GME Up resistances: 39, 58, 79, 99, 120
GME buy at 42 sell at 85 - easy 100% - pure technical playGME is going up on a very high momentum and volatility, very emotional market with very clear Eliott Wave patterns
It seems that possible pullback today is a great buying opportunity around 42 USD. Area of 85-90 USD is a good place for a local top.
GME Bullish Setup Jun 6-7th Update#GME had a very strong close today, hitting my Main Target box to the penny!
#TTR was long #GME (again) from $24.54, we are 50% out today, near the highs, holding the rest for Friday.
#TTR was also long GME from $13.01 and we exited the most at 64.54, 57 and 51 on the main gap up day!
#TTR is also long #AMC, all the targets were posted
GameStop(GME) Is Ready for Pump🚀➕250%🚀🔥Today, I want to analyze the GameStop(GME) project for you. After being listed on some exchanges , it has increased its price by more than ➕3,900% in the last three days.
📚What is GameStop(GME)❗️❓
🔸 GameStop(GME) on the Solana network is a meme paying tribute to the 2021 short squeeze of GameStop.
🌊According to the theory of Elliott waves , GameStop(GME) seems to be completing microwave 4 of the main wave 3 .
🔔I expect microwave 4 of the main wave 3 will complete in the 🟢 Support zone 🟢, and the GameStop(GME) will start to increase again (🚀➕250%🚀) .
@TradingView has added new features, one of which is the Volume Candles chart . I suggest you use TradingView's new features .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
GameStop Analyze (GMEUSDT), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
GME (Gamestop) - The Markets Most Underestimated CompanyGamestop is NOT a brick & mortar store.
Gamestop is a Tech company.
Throughout history it has always been Gaming & Arts that have driven the adoption of new technologies and inspired new communities by pushing the boundaries of imagination.
GameStop has cemented itself as a pioneer by becoming the first household name to embrace blockchain technology and explore the realms of Web3 Gaming, NFT's & Crypto.
Web3, NFT's & Crypto empower creators & gamers allowing them to participate in the development of the metaverse where they can share & exchange their in-game assets.
NFT's allow for verifiable ownership of in-game assets which opens doors for gamers to monetize the time they put into gaming and create markets for their in-game assets.
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Lets use Call of Duty as an example.
A game filled with all kinds of weapons & different levels of power & accuracy.
Imagine if there was a gun that had 100% accuracy & 100% power from any distance.
Now imagine if there was only 10 verifiable copies of this gun in the game.
How much is this gun worth?
Now lets assume a viral streamer like Ninja were to own a copy of this gun.
How much is this gun worth now?
Answer : A lot.
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GameStop is positioned at the front line of this movement and has sparked a massive wave of innovation encouraging companies & gamers to explore new possibilities that will transform the gaming industry and force other companies to adapt or be left behind.
I repeat
Gamestop is a Tech Company.
AMC pumps price and volume into fair value zone LONGAMC is on a 4H chart with a set of VWAP bands overlaid In the past two trading sessions price
and volume have pumps and so also the PV Trend indicator. There is no fundamental
footprint on this move. it is a pure meme much like a similar move of GME. I will go long
here hoping to ride the momentum and capture profit. I will set a stop loss fo 10% n
recognition of the volatilit The final target is the $ 120 range pivots of April and
August 202. The initial target is the $35 range of the ranging zone of August 2023. Upon
reaching the first target I will cut the position to 50% for the leg higher. I will cut the position
if momentum fades especially if the volume fades with it. This will be interesting at the least
and highly profitable at the very most.
Analyzing NVDA's Breakout Patterns and Strategic Trading InsightDuring the last breakout, NVIDIA (NVDA) surged by 300 points before experiencing a sharp decline of 134 points within two days. This current situation bears a striking resemblance to the previous occurrence. Reaching 1282 would position NVDA as the most valuable company globally, contingent upon Microsoft's valuation. I possess additional market capitalization levels for comparison with Microsoft. I anticipate NVDA's final ascent towards becoming the world's most valuable company, followed by a significant pullback.
This scenario echoes Tesla's (TSLA) behavior when it announced its first stock split: a substantial run-up leading into the split date, followed by a rapid 30%+ decline over a few days.
Currently, I hold long call options for the upcoming day. I purchased 1200C on Monday, sold the majority, and retained one position overnight. My plan is to transition to put options when NVDA reaches the 1282-1300 level.
Trade Idea: 1200P 6/14 at 1282.
The Ongoing GameStop Saga: A New Chapter UnfoldsThe GameStop (GME) story continues to captivate both retail traders and Wall Street veterans alike. 🏆 While the epic showdown between retail investors and hedge funds last year marked a significant chapter, recent developments indicate that this saga is far from over. Let's take a closer look at the latest twists and turns in the GameStop narrative.
A Rocky Start to the Week 📉
On Monday, GameStop opened in a monthly supply zone—a critical price area where selling pressure is typically high. As anticipated, the stock faced significant resistance and dropped 34% by the end of the trading day. This movement is a stark reminder of the volatility that continues to characterize GME.
The Technical Perspective 📊
For those following the charts, it's crucial to note that buying GameStop above $12.75 means paying a premium for a stock currently in a monthly supply zone. The $12.75 mark represents a discount price for potential buyers, suggesting a more favorable entry point based on technical analysis. Above this level, investors might be taking on additional risk by purchasing at higher prices within a supply zone where sellers dominate.
UNI wave reversal case studyCase study for UNI/USDT chart.
see how the MTF Wave down started at the correction. up to the entry there were no fakedowns. The first Fakedown have a clear long entry similar to the ideal MTF Wave illustrated on the right...
MTF WAVE indicator Case study on $ALICECase study for the MTF Wave showing all entries and phases in a clear way.
Make sure to compare the ideal MTF Wave concept with the actual MTF Wave indicator below the chart to compare the wave start, short and long entries, as well as different wave phases and how they correspond to Price action.
This one geared up while showing the perfect Fake Down (large gap between gray and blue) right at the support retest after initial breakout, followed by a 116% run so far!
GAMESTOP Will the meme stock have another gap up tomorrow?GameStop Corporation (GME) had a massive +75% opening today, product of 'Roaring Kitty' latest news, but corrected from $40 to sub $30 intra day. We saw a similar pattern during GME's previous rally on May 13, with a 1st Gap Up that was followed by a 2nd that eventually formed the 64.90 Resistance.
Both sequences started off with a Higher Lows rise and identical 1D RSI patterns. It appears we are currently on Gap Up 1 and the late session consolidation may give way tomorrow to an equally impressive Gap up to test 64.90.
Of course never forget with such kind of stocks and high importance after of pre-market news can drastically alter the technicals.
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👇 👇 👇 👇 👇 👇
GameStop (GME): What Lies Ahead ?A pivotal moment as the stock breaks through the channel with a bullish surge, hinting at a potential shift in market sentiment. Here's a closer look:
Positive Indicators:
• Financial Resilience: There are signs that GameStop is gaining control over cash burn and losses, suggesting a possible turnaround in its financial stability.
• Margin Expansion Potential: Optimism brews around the prospect of improved margins, driven by a strategic shift towards higher-margin software sales and ongoing cost-saving initiatives.
• Strategic Capital Raise: GameStop's decision to capitalize on the recent share price surge by issuing shares at a premium indicates a proactive approach to bolstering its financial position.
Challenges and Concerns:
• Earnings Reality Check: Q1 results falling short of expectations raises questions about GameStop's ability to adapt to evolving market dynamics and meet investor demands.
• Management's Communication Strategy: Limited engagement with investors, marked by the absence of conference calls or Q&A sessions, fuels speculation about management's long-term vision and transparency.
• Sales Dynamics: A complex mix of declining hardware sales, shifting software preferences, and the rise of subscription services presents formidable challenges to GameStop's growth trajectory.
Navigating through this landscape of opportunity and uncertainty, investors are left to ponder whether this bullish surge marks a genuine turnaround or merely a temporary reprieve in GameStop's tumultuous journey.
Disclaimer: Market movements are inherently unpredictable. Always conduct thorough research and consider professional advice before investing.
GAMESTOP SOARING from $25 to $111 - $168 range.GME just got $1 BILLION dollars in funding. Price expected to rise past all short squeezes in the $120 - $168 price range. This stock just went from a simple meme to opposing sides on institutional traders that even Kramer is beginning to call it a good investment (not that his opinion matters at this point with the amount he flip-flops with retail investors money)
Invest smart, invest hard. This one's to the moon.
Boost my post if you like this idea 💡
Also follow and subscribe for more uproars. Let's spread the word together.
Roaring Puppy 🐶 out.
GameStop Surges After Company Completes $933 Mln Share RallyGameStop shares ( NYSE:GME ) surged 20% on Tuesday after the video game retailer successfully sold 45 million shares worth roughly $933.4 million, capitalizing on a recent meme rally in its share price. The sale helped the company capitalize on a recent social media-fueled meme rally that saw the stock soar around 135% over a two-day period earlier this month. Traders may book profits in GameStop shares around $27, an area on the chart where a May 13 gap sits in close proximity to a key horizontal line connecting a series of price action over the past 19 months.
GameStop ( NYSE:GME ) initially announced the share offering on May 17, several days after the peak of the social media-fueled rally, saying it planned to use the proceeds for general corporate purposes, such as investments and acquisitions. Although the company did not disclose the sale price of the shares, it said it executed the offering at-the-market, meaning it sold the shares at the prevailing market price, allowing the retailer to cash in on a portion of the meme-driven gains.
Investors will gain further insight into the company's financial position and outlook when it reports fiscal first-quarter earnings after the closing bell on June 5. GameStop ( NYSE:GME ) has given up about 70% of its gains in recent weeks, with the price falling towards a multi-month downtrend line. In upcoming trading sessions, investors should pay close attention to the $27 level, an area on the chart where traders may book profits near a key horizontal line connecting a series of price action over the past 19 months.
Technical Outlook
Gamestop stock ( NYSE:GME ) is up 14.32% as of the time of writing, forming a "golden cross" pattern at the 1 month-low region. The stock has a Relative Strength Index (RSI) of 52 which is prime for further surge in the long term. Accentuating to the bullish campaign is the upside gap formed in the daily price chart.
GME Short Sale Volume Analysis: Short Selling Dynamics & Keltner
Overview:
GME is exhibiting compelling signals that warrant attention from traders and investors. We have observed significant activity in short sale volume alongside a notable expansion in the Keltner Channel. These indicators suggest potential market volatility and trend shifts in the near term.
Key Technical Indicators:
Short Sale Volume & Market Dynamics:
Short Selling Explained: Short selling involves borrowing shares of a stock and selling them on the open market with the intention of buying them back later at a lower price. Traders profit from the difference if the stock price declines. This practice is often utilized by investors who believe a stock's price will fall.
Role of Market Makers: Market makers facilitate the trading of stocks by providing liquidity. They are essential in ensuring that there are enough shares available for buying and selling, including those needed for short selling. Market makers often hedge their positions to manage risk.
Short Squeeze Potential: When the short sale volume is high, and the stock price begins to rise, short sellers may rush to buy back shares to cover their positions, fearing further losses. This buying frenzy can drive the stock price even higher, creating a short squeeze.
Keltner Channel Expansion:
The Keltner Channel, which utilizes the Average True Range (ATR) to set its boundaries, is currently expanding at the fastest rate since December 2020.
An expanding Keltner Channel indicates increasing volatility. The last time we observed such rapid expansion, it was followed by significant price action in GME, making this an essential indicator for traders.
Implications:
Bullish Sentiment: The high short sale volume suggests significant bearish bets, which could lead to a short squeeze if the price starts to rise, forcing short sellers to cover their positions.
Increased Volatility: The expanding Keltner Channel signals that GME could experience substantial price swings. This heightened volatility necessitates careful risk management, with wider stop losses to avoid premature exits during volatile price movements.
Hi! this was generated by AI because it's 02:16
version 2.0 if this picks up
cheers
Seeking Assistance: Analyzing GME Short Sale Volume with Keltner
Hi TradingView Community,
I'm reaching out to this knowledgeable and vibrant community for assistance in analyzing the short sale volume of GameStop (GME) on a monthly basis. My goal is to gain deeper insights and potentially identify trading opportunities based on this data.
Current Analysis Setup:
Indicators in Use:
Keltner Channels: I’ve been using Keltner Channels to gauge the volatility and potential breakout points for GME. The channels are set with a 20-period EMA and a 2x ATR multiplier.
EMA Crossovers: Additionally, I'm observing the crossover of two EMAs (Exponential Moving Averages) - specifically, the 50-period and 200-period EMAs. These crossovers often signal potential trend changes and are crucial for timing entries and exits.
Areas I Need Help With:
Short Sale Volume Analysis:
I'm looking to understand the impact of monthly short sale volume on GME’s price movements.
How does an increase or decrease in short sale volume typically affect the stock's performance?
Are there specific patterns or trends in the short sale data that correlate with significant price movements?
Combining Indicators:
How can I effectively combine the insights from Keltner Channels with the EMA crossovers to improve the accuracy of my trade signals?
For those who have experience with these indicators, what are the best practices for interpreting signals from Keltner Channels in the context of short sale volume?
Identifying Key Levels:
What key levels should I be watching based on the interaction between the short sale volume, Keltner Channels, and EMA crossovers?
Are there historical precedents or case studies where these indicators have successfully predicted major price movements in GME or similar stocks?
Example Chart:
Below is an example chart illustrating my current setup, with the Keltner Channels and EMA crossovers:
Call to Action:
I greatly appreciate any insights, analyses, or resources that the community can share. Whether it's past experiences, detailed explanations, or even annotated charts, all contributions are welcome!
Thank you in advance for your support and expertise.
Yours truly
StrangleManiac
GME THEY WILL BUY LOWERAs i said before, i think it's not over for GME. In my opinion, big hands will buy GameStop lower, around 14-17 and here the price will start to pump up. Actually the chart it's absorbing the flash pump we have seen some days ago, and this is good.
MUCup and handle on the daily.
CALLS CAN WORK OVER 130.
TRADE IDEA: 5/24 133C
*SEMICONDUCTOR STOCKS CAN MOVE HIGHER WITH NVDA TOMORROW.
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Next support $4.2 & the $3 ?Selling on UMVD, Angle 1 is as low as $3, that will be good R:R entry for long. I don t thing 4.2 will hold is we keep seeing more selling.
