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[WSB] How to trade the GameStop Short Squeeze!r/wallstreetbets recently picked up the GameStop Stock (GME). Why? Because we basically have free money sitting here. GameStop struggled with keeping up with the growing digital gaming market and the price plummeted. With a strong focus on E-commerce, a strong brand with over 55 million PowerUp members and a solid team (Source: r/wallstreetbets "GME FULL STORY), we will most likely see further growth in the company in terms of revenue and stock price. I made this chart to verify important levels and an in depth trading-plan to reduce the risk as much as possible. Everything relevant is on the chart. The Cup & Handle Pattern is one of the easiest patterns to trade and extremly powerfull to extend a strong uptrend - which is highlighted by the Ascending Parallel Channel. Please make sure to place a Stop-Loss order and place your buy after the confirmation with a Breakout-Candle. Let me know if there are any questions and feel free to discuss in the comment section. cheers
NYSE:GMELong
by Anton_XBT
17
$GME: The Next Big Move You Don't Want To Miss 🚀Hi everyone, Welcome back to another technical analysis update that has proven effective! Here's a quick recap: RECAP: Using our MTTSA/Metric Pro indicators, the price moved above the hourly mark indicating an upward trajectory toward the daily mark, which it successfully reached. After a brief dip to the $10.70 range, it climbed back above the hourly and broke past the daily level. The price then ascended to the weekly resistance, previously unbroken in three attempts, but this time, GME surged through it, reaching a new daily high of $17.43. CURRENT STATUS: I believe the options chain is primed for a Gamma Squeeze, marking the beginning of a potential major move toward the monthly resistance at $20. What is a Gamma Squeeze? A gamma squeeze occurs when the price of a stock rises sharply as market makers who sold call options must buy more of the stock to hedge against their increasing exposure, thus driving the price even higher. CURRENT STATUS cont.: If GME can surpass and sustain above this level, we might witness a squeeze surpassing the one from 2021. Using the Fibonacci sequence from the top of 2021 to the recent low, our targets are: 0.236 ($17.92), 0.382 ($25.79), 0.5 ($34.63), 0.618 ($46.49), and 1.618 ($564.22). GME needs to break past the 0.236 level to progress to the 0.382. Watch for resistance at the 0.5 and 0.618 levels. Additionally, GameStop has broken out of a three-year wedge pattern, which could be significant. DOWNSIDE SCENARIO: Should there be a retracement, look for GME to potentially fall back to the weekly level at $14.36. CONCLUSION: As always, this isn't financial advice, but prepare yourselves—this could be a monumental ride past the moon, heading straight to Pluto and beyond!
NYSE:GMELong
by SierrasTrades
GME Gamestop Technical Analysis and Trade IdeaHistorically, GME (Gamestop) has been in a downtrend when we look at the monthly time frame. However, recent developments indicate a potential shift in the trend. As we zoom in on shorter time frames (weekly and daily), we observe signs of bullish momentum. Buyers may find opportunities in these time frames. In a video, we explore a potential trade idea. First, on the 4-hour chart, we notice that the price has retraced into an optimal buy zone. Next, we delve into the 15-minute chart, waiting for specific price action confirmation before getting involved. Remember that trading carries inherent risks. This information is intended for educational purposes only and should not be considered financial advice. Always manage your risk wisely. 📈👍
NYSE:GMELong
by tradingwithanthony
7
GME Euphoria time?Analyzing GameStop is always difficult. I have seen the previous reddit pump some years ago, and it was pretty hard to find possible entries and reversal pattern. But this time the chart is giving us some useful info. We can see a break above daily trendline, and the black box a liquidity zone (actually a resistance). The main chart looks bullish, and today's pump can be a signal of a possible round 2. To confirm a bullish trend, we must close a daily candle above the black box, that will eventually help us reaching the top again. If the community will try to repeat the miracle again, this time funds will be prepared and it will not so easy. But, on the other hand, community is stronger now and probably bigger. Let's see
NYSE:GMELong
by SaliJournal
AMC - New cycle initiated? AMC looks like it will go onto a gap-filling rampage over the coming weeks and months. I have highlighted all gaps (red lines) that need to be filled from $3.00 to $37.00. I would expect AMC to get to hit anywhere between $6-9.36 before a reversal back to $3.00 then a new bull run. Long term Trendline : it appears both NYSE:GME and NYSE:AMC have broken their 3-year downtrend and started a new cycle. Volume: Lots of new volume entered today and the first for a couple of years. Confirmation of a reversal. Charts don't look like much, but provides clear targets NYSE:AMC could take out in the neat future.
NYSE:AMCLong
by Bradtheinvestor
GameStop Stock Soars 45% on 'Roaring Kitty' Posts on Twitter GameStop shares surged 45% as markets opened on Monday, with Keith Gill, also known as "Roaring Kitty," posting to social media for the first time in nearly three years. Gill was a key driver of the meme stock craze of late 2020 and early 2021, rising to prominence due to his substantial bets on the stock. Gill's enthusiasm over the stock drove the online excitement, along with other figures, including activist investor Ryan Cohen, who worked his way to the GameStop ( NYSE:GME ) board and was named CEO last year. Gill was a streamer who bought $53,000 worth of GameStop ( NYSE:GME ) shares in 2019 after learning about the investing world and becoming convinced that the retailer was undervalued. At the peak of the meme stock surge, Gill's position was worth an estimated $48 million. He eventually said goodbye to his online persona, last posting to YouTube and X (then Twitter) in 2021. Users of the WallStreetBets subreddit, the online community that was central to the GameStop ( NYSE:GME ) surge of 2020, expressed excitement about Gill's return, with many top posts on the forum about Gill's post or GameStop's price as of Monday morning. GameStop ( NYSE:GME ) and the company's stock symbol, NYSE:GME , were each trending on X Monday morning, with many users celebrating Gill's return and posting about their investments into the stock. GameStop shares ( NYSE:GME ) are still well below the all-time high of $120.75 they reached on Jan. 28, 2021, but more than double its value from the start of May.
NYSE:GMELong
by DEXWireNews
Shares of GameStop ($GME) Stock Climbed More Than 13% ThursdayGameStop ( NYSE:GME ) stock has risen 13.1% to its highest close since December, marking a resurgence for the videogame retailer and original meme stock. The stock closed at $18.01, its highest since December 28, when it ended at $18.07. GameStop ( NYSE:GME ) shares also recorded their biggest single daily percentage gain since May 3, when they climbed 29.1%. Despite facing significant challenges, GameStop's stock price has surged, reminding investors of the 2021 surge from less than $10 per share to $120. Revenues in Q4 dropped to $1.79 billion, down from $2.2 billion in 2022, and analysts expect revenues for 2024 to be $4.9 billion followed by $4.7 billion in 2025. The gaming industry is changing, with people preferring to buy gaming consoles online directly from manufacturers or third-party sellers. GameStop's attempts to diversify its income have failed, with its entry into the Non-Fungible Token (NFT) industry failing. Despite this, GameStop ( NYSE:GME ) still has one of the best balance sheets in the industry, with little debt of just $17 million and capital leases of $386 million against cash and short-term investments of almost $1.2 billion. In 2023, the company made almost $50 million in interest income, helping it turn a small profit of $6.5 million. The daily Price chart shows that GameStop's stock price has soared due to a falling wedge pattern, which is one of the best-known reversal signs. Traders need to be cautious of a trend reversal as Gamestop stock ( NYSE:GME ) has a Relative Strength Index (RSI) of 75.89 which is in the overbought region.
NYSE:GMELong
by DEXWireNews
SP500, TAKE THE PAST AND SEE THE FUTURE?So, this is a slightly different look of another chart. Basically, we might be seeing this play out in real time. This pattern is scary where the price currently sits. and to where it can head. What is the pattern? Trace 2018 to Covid and then into recovery and correction. Bring that to the current move, pattern, wave... whatever you want to call it. It's close, not exact, but close, and close enough that it can't be completely thrown out as an idea. But that's all guessing based on a pattern, which is dumb. So, what do we know. We can see numbers projected to 600. We can see numbers projected to 200. We can see multiple gaps on the downside. We can see multiple stocks at their highs. We can see multiple stocks moving some 10% or more on earnings with price movements that don't quite make sense. We know there are two massive support trends (I just made the one) because of how close they are to each other. We've been seeing stocks break down past massive support trends, and then when all hope is lost, a huge return. We know statistically, gaps almost always close, and in a similar way of thinking, most impulse moves retrace a little over 100% (this gives no indication of the timing of a move, could be days, weeks, months, years...) We can see certain indicators starting to flash some bearish signals. We can see there might be another exit pump but we can't really know. We can see, charts are quite overextended from COVID lows. We know the election is around the corner. We know how bad a "down" market or market crash can look for a sitting president. We know more support comes in at 4780, 4360, 3800, 3300, 2900, 2500, 2200. I'm sure if you look hard enough, you'd find evidence that supports both a bullish and bearish projection on the s&p500, which is good. Take in all the info you can. Don't believe my garbage chart, but also, I wouldn't completely skip it.
AMEX:SPYLong
by nicktussing77
$GME 🚀 It's Moon Time! PT:$11.56 & $14.37Hello everyone, I know you all have been waiting for a big update. Here is the tea: First PT coming in at the daily at $11.56. Break above the daily and the next PT is at the weekly $14.37. These two will act as very hard resistance and if both are to break then we will head to the monthly at $21.10, but we will analyze that part when we cross that bridge. RSI indicates that GME is in the bull zone right now. The MACD is slowly curling up and if the lines cross above the 0 line, then that would indicate a very very bullish signal. If GME rejects the daily, then price will trend lower and will test the hourly at around $10.62ish. Anyways, there is room to run here folks! Strap in because this is just the beginning. $9.94 was the low and it won't be returning there anytime soon. Not financial or sexual advice.
NYSE:GMELong
by SierrasTrades
7
VOLUME INDICATORS, PART 2. SEVEN COMMON VOLUME INDICATORS.Understanding Volume Indicators: Volume indicators are essential tools for traders and analysts, providing insights into market activity and sentiment. In this guide, we'll explore seven common volume indicators and how you can use them to enhance your trading strategies. 1. Volume Volume is the simplest volume indicator, representing the total number of shares or contracts traded over a specific period. It's like the crowd size at a Super Bowl game—when the stadium is packed and roaring, it indicates a lot of interest and activity. Similarly, high trading volume suggests significant buying or selling activity in the market. Traders often use volume to confirm the strength of price movements and identify potential trends. Volume, the bedrock of volume analysis, represents the total number of shares or contracts traded over a specific period. Common parameter values range from 20 to 50 periods for short-term analysis and 100 to 200 periods for long-term trends. Remember, volume precedes price movements, so significant changes can hint at impending shifts in direction. 2. On-Balance Volume (OBV) On-Balance Volume (OBV) adds a cumulative total of volume when the price closes up and subtracts it when the price closes down. It's akin to keeping score of how loud each team's fans are cheering during the Super Bowl game. If one team's supporters get louder as the game progresses, it suggests growing momentum for that team. Likewise, OBV helps traders gauge buying and selling pressure, providing insights into potential price movements. A rising OBV indicates bullish momentum, while a falling OBV suggests bearish sentiment. On-Balance Volume (OBV) tracks cumulative volume based on price movements. Set your period length typically between 14 to 20 periods for optimal results. A rising OBV confirms bullish trends, while a falling OBV suggests bearish sentiment. Divergences between OBV and price often foreshadow reversals. 3. Accumulation/Distribution Line (A/D Line) The Accumulation/Distribution Line (A/D Line) combines price and volume to show how much of a security is being accumulated or distributed. It's like a tug-of-war between the two teams during halftime at the Super Bowl. The team with more supporters pulling harder gains ground. Similarly, the A/D Line measures the battle between buyers and sellers. If it's trending upwards, it suggests that accumulation (buying) is outweighing distribution (selling), indicating potential upward price movement. The Accumulation/Distribution Line (A/D Line) gauges the flow of funds into or out of a security. Optimal period lengths range from 14 to 30 periods. Rising A/D Line values signal accumulation and potential price appreciation, while declining values indicate distribution and possible downturns. 4. Chaikin Money Flow (CMF) Chaikin Money Flow (CMF) measures the flow of money into or out of a security based on both price and volume. It's akin to checking the enthusiasm of the fans after each touchdown at the Super Bowl. If the fans are still hyped and buying team merchandise, it suggests sustained enthusiasm and support. CMF helps traders assess the strength of buying or selling pressure. A positive CMF suggests buying pressure, while a negative CMF indicates selling pressure. Chaikin Money Flow (CMF) measures buying and selling pressure relative to price movements. Common period lengths vary from 10 to 30 periods. Positive CMF values indicate buying pressure, while negative values suggest selling pressure. Look for divergences between CMF and price for early reversal signals. 5. Volume Weighted Average Price (VWAP) Volume Weighted Average Price (VWAP) calculates the average price a security has traded at throughout the day, weighted by volume. It's like a buffet at a Super Bowl party where each dish is labeled with the average popularity rating from all the guests. The more popular dishes have a higher average rating. Similarly, VWAP gives traders a sense of the average price level where most trading activity has occurred. Traders use VWAP to assess whether their trades were executed at favorable prices relative to the day's average. Volume Weighted Average Price (VWAP) calculates the average price weighted by volume. Period lengths typically range from 20 to 50 periods. VWAP acts as a dynamic support or resistance level, guiding traders on optimal entry and exit points. Monitor deviations from VWAP to identify potential trend shifts. 6. Money Flow Index (MFI) The Money Flow Index (MFI) measures the rate at which money is flowing into or out of a security based on both price and volume. It's akin to fans at the Super Bowl game exchanging team merchandise and tickets. The more transactions happening, the more money is flowing between fans. MFI helps traders gauge market sentiment. A high MFI suggests strong buying pressure, while a low MFI indicates selling pressure. Traders often look for divergences between MFI and price movements to anticipate potential reversals. The Money Flow Index (MFI) evaluates the rate of money flow into or out of a security. Optimal period lengths usually range from 10 to 20 periods. High MFI values indicate overbought conditions, while low values suggest oversold conditions. Watch for divergences between MFI and price for reversal signals. 7. Volume Rate of Change (VROC) Volume Rate of Change (VROC) measures the rate of change in volume over a specific period, showing whether volume is increasing or decreasing rapidly. It's like measuring the acceleration or deceleration of the crowd's excitement level during different parts of the Super Bowl game. If the crowd gets louder and louder as the game progresses, it indicates increasing excitement and momentum. Similarly, a rising VROC suggests increasing buying or selling activity, while a falling VROC suggests waning activity. Volume Rate of Change (VROC) measures the rate of change in volume over a specific period. Common period lengths vary from 10 to 20 periods. Rising VROC values signify increasing volume momentum, indicating potential price continuation. Falling values may precede price reversals. GME and VOLUME? Let's go back and see GME on the Weekly In conclusion, volume indicators provide valuable insights into market sentiment and potential price movements. By understanding and incorporating these indicators into your trading strategy, you can make more informed decisions and improve your overall trading performance. REMEMBER, no one indicator on it's own tells you much, but a lot of different indicators all telling you the same thing at the same area... pay attention to that kind of confirmation. Hope this helps!! I've linked PART 1, 10 COMMON INDICATORS. This post is all Volume related. You can go in depth with all of these, I don't find it necessary for most traders, but the option is there, however, you'll need someone more advanced than myself to help you through that.
NASDAQ:TSLAEducation
by nicktussing77
AMC 's CEO says no to bankruptcy and so it pumps LONGAMC on the 60 minute chart shows an early reversal out of a three week downtrend after two months of a wide ranging price action that was sideways. The more or less takes bankruptcy considerations off the table. In the meanwhile, the streaming services continue to beat down movie theaters. No matter, AMC has new bullish momentum and the trading volumes to support it. The PVT indicator shows the new trend. The TTM Squeeze indicator triggering has relevance. The trend is your friend especially if you befriend it early. You never know, the short squeeze Ape Nation has been hoping maybe just maybe could happen. I will take a long position of shares here and insure them partially with a put option to cover a wide stop loss of 15% given the expected volatility. For the shares, targeting 3.85 with 35%, 5.50 with 25% and the remaining 50% to run with a trailing stop loss.
NYSE:AMCLong
by AwesomeAvani
$GME: 🚨Most Important TA Ever Part 2 Heading Back to $14🚀🚀🚀Hi everyone, Financials GameStop is in an exciting phase of transformation and financial stabilization, as shown by its latest financial report. The company has successfully turned a significant loss into a net income, indicating not just resilience but strategic navigation through market challenges. A standout is the positive shift in EBITDA to $64.7 million, signifying GameStop's improved operational efficiency and ability to generate profit from its core activities. Despite a dip in net sales, GameStop has showcased excellent cost management and maintained strong liquidity. This, combined with strategic leadership enhancements, positions GameStop well for tapping into the evolving gaming and retail sectors. For investors, the improvement in EBITDA is a positive sign of GameStop's growing ability to fund operations, invest in growth, and potentially offer shareholder value from its main business operations, rather than relying on financial maneuvers or asset sales. This makes GameStop a compelling investment choice for those interested in a turnaround story within the dynamic retail and gaming markets. Technical Analysis Every time GameStop has made a double bottom, there has been a significant rebound to the upside. May '21 + Aug '21 (+80%) Mar '22 + May '22 (+149%) Jan '23 + Mar '23 (+79%) Nov '23 + Apr '24? (+?%) The indicators continue to show a bearish trend, suggesting a potential further decrease in price. NYSE:GME recently touched the 0.786 Fibonacci retracement level. If positive news or market actions occur, there's a chance for a rebound up to the daily resistance. Downside PT: $10.68 Upside PT: $14 and $15. (Price needs to stay above $12.78 for this to potentially play out). Will be updating this as it plays out. All the best! Good luck and not financial or sexual advice. :)
NYSE:GMELong
by SierrasTrades
7
SHIB, THE LITTLE DOG THAT COULD AND PROBABLY WILLI still prefer dogecoin HOWEVER, I think there is a chance to make money on a lot of things SHIB is one of those for a lot of reason. Technicals is the focus here so I'm not getting into fundamentals Here is the chart All rejection trends, no support trends, however they are all trading in the bullish direction This chart has some sell targets (light red) Buy targets (light green) Rejection trends (red) Remember, a breakout can go pretty high and overextend this chart. If I don't have a new one by that point covering the movement, please comment because I currently have a lot of open charts and keeping all of them updated is.. not the easiest thing in the world, so I definitely miss old charts at times. I have literally zero issue with anyone ever commenting asking for an update because I'm slacking, wrong or really anything. I'm still bullish This price is going up because something weird is happening behind the scenes. IDK what, but I have guesses. BUT. Even at a bullish look, there is still a lot of chances to lose a lot of money so don't jump into a dumb trade just because. There is always time to be patient and time your buy even if you miss out of some potential profits. Crypto moves fast and sometimes can really burn you on a high side buy. GOOD LUCK!!
COINBASE:SHIBUSDLong
by nicktussing77
1
HOOD EARNINGS CHART, THE LITTLE FEATHER THAT COULDHood potential earnings chart. I labeled the important stuff within the chart. There is a big trend line that I don't think will hit because it takes price down to $3, which I guess is theoretically possible. I think 8.45 is a more real price and if that price hits, it seems the price can get up to $13. It can also go the other way, upside first to $13. I drew a small guideline for a potential path, but there are many, focus on the price targets and trends. And again, 8.45 is a really strong price support target. Good luck.
NASDAQ:HOODLong
by nicktussing77
$GME: Return to $15? 🚀🚀🚀Hi everyone, In my previous analyses, I anticipated a potential price drop that could form a double bottom pattern if GameStop earnings weren't great. Recently, GameStop's stock failed to surpass a crucial weekly indicator, leading to a sharp decline. Moving forward, if the stock rebounds, I'll be monitoring its response to the first resistance level; breaching that could signal a push towards significant resistance on the daily and weekly charts. Will update here if something exciting happens. Maybe insider buying in the next 2 weeks?
NYSE:GMELong
by SierrasTrades