Potential Inverted Head & Shoulders - GMEHere I have GameStop stock on the 4Hr Chart exhibiting signs of a potential Head & Shoulders pattern! GME hit its 52-Week Low last Monday so I believe this could be a great area for a potential reversal in the Bullish direction!
www.tradingview.com
The Neckline @ 14.30 has been tested twice now, once after the creation of the "Left Shoulder" and again after the creation of the "Head".
Now what I expect for GME is for price to come down for the creation of the "Right Shoulder" with Pattern Invalidation at 12.90!
-Pattern Prediction-
*If price Breaks Down and Closes Below 12.90, pattern INVALIDATED!
*If price Breaks Up and Closes Above 14.30, price action initiates my Trade Action Plan!
GME
WE WeWork potential Short Squeeze at All Time LowWE WeWork reached $1.05 and there were a lot of calls added at that level.
They are either aiming for a Short Squeeze or a potential Buyout, in my opinion.
WE 52 week range: $1.05 - $130.80
I think we might see at least a 2X bounce from this level.
Looking forward to read your opinion about it.
GME | Buy scenario | Wars and suchTLI 1 is based on a recent Swinghigh that served as a strong resistance level aswell as support in the past.
In related ideas i linked to my last GME idea - sadly price didnt fullfill the requirements mentioned to take trade. So lets see if i get this time a trade.
Requirements:
- Price breaks above TLI 1
- Open and close of a candle above S/R Level 1
- Buy on retest of TL 1
Stop- Loss: None (Longterm play)
Target: Next big resistance level
Good luck
Disclaimer:
- This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor.
- You trade entirely at your own risk
- Make your own research
- Finance and trading is evil, capitalism is bad, duh ;)
GameStop: Remains In A Position to Break Bullishly From Its ZoneGME has been getting sold off with the macro for quite some time and it continues to push deeper and deeper into dangerous territory. At this point in time, it has pushed slightly below the 0.382/0.886 Confluence Zone and is now at the 200 SMA, but with that, we can see that the Local Bullish Shark can extend into a 1.618 Extension, so the Breakout watch is far from over on GME though we are getting towards levels where one may leave it alone. I would say that if GME breaks below $11.50, there would be a very distinct chance of it dumping down to $9.5, but if it instead holds above $11.5 and pushes back above $14.00, then we could instead see GME make a rapid move up to $18.00, which would be just high enough to test the supply line of our Channel/Falling Wedge. From there we could possibly break out of it and go for the measured move, but for now, I'd say one would probably want to have a short-term position to take profits on at $18.00 and a separate longer-term position to hold strong until GME gets the big measured move breakout to $74 - $134
$GME - Pretty bad for longsNo fundamentals, no macro, none of that.
My data has been showing for a while that GME would dip even lower than 19 and it did. I didn't expect it to show signals that it wanted to drop even lower...
Basically according to muh data, GME wants to drop EVEN lower than this and it will in my opinion. I think we'll see $15 again and even high $14.80's kind of prices. I don't want to give any lower or higher PT's for the moment until i see a few more data prints.
This is a short term prediction.
Basically within 7 days, we are to see $15.00 average with lows somewhere within the $14.xx's.
In the meanwhile a few segments of the market like AAPL e.g the big stocks are going to go higher and higher. All this whilst GME dips to new 2-3 year lows.
The data:
imgur.com
As you see here, we had a little misfire a week or two ago. Thankfully i caught it in time before it could do me and others any big damage and as you see it did indeed predict a drop which already happened.
Now it's predicting a further drop even lower and mind you it's predicting a low we haven't seen in 3 years.
Reminder
CC's and other shorts should do well on this trade. As a reminder, i'm not going to be notifying anyone here about a GME run anymore. (Or will i? I don't know) I might wanna capture this next one for myself and not let the hordes of CC vultures (Hordes of GME share holders) sell CC's into the high IV and kill any runs.
Also this will be your only notification on the GME drop. I'm not going to be updating this post daily. It's straightforward.
Mind you i'm considering making the run indicator a paid service as to allow people to make money (including myself). Doing so will limit the amount of people who are able to to know the CC sell/buyback and Calls Buying timing to a minimum and will affect these runs minimally.
You make money, i make money, everyone's happy.
Toodaloo fellow transfer agents.
GME GameStop Options Ahead of EarningsAnalyzing the options chain and the chart patterns of GME GameStop prior to the earnings report this week,
I would consider purchasing the 18usd strike price Puts with
an expiration date of 2023-11-17,
for a premium of approximately $2.54.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
GME: Earnings to the moon 🚀 Hey everyone,
It's been a while! Once again, this is not financial or sexual advice.
Earnings
Beat EPS? Yes.
Profitable? Not sure.
Revenue beat? Not sure.
Analysis
If GME hits resistance at 18.70's and rejects, expect some downside
If GME plows through we should see 22's. First, hitting 19.23.
After earnings, a slow walk down to fill the gaps.
Good Luck everyone!
All the best,
Sierrastrades
GameStop: If it can hold above the PCZ, still targets up to $417The GameStop Trade is not over yet, as the Falling Wedge is still in play, the price is still above the PCZ, and it is still trading above the Log scale All Time 38.2% retrace. If we hold here, we can eventually get a rally up to $156.72, and if it wants to go for a symmetrical move, it would go for the full 1.618 Fibonacci extension all the way up to $417.05.
We have PPO Confirmation at the PCZ of the Bullish Shark and the 38.2% retrace, so this would be the perfect spot as ever to begin a big move up, if it was ever going to do it.
$GME - Bottom in 4 days then UPHi all. This is it. Take good not of the events about to occur and the culmination of 3 years worth of research.
---------------
I finally get to show you this thing. Watch closely at the events about to follow and how madly accurate they are (unless ya'll short this into oblivion again):
1) Today/Tomorrow Ryan Cohen will tweet something (Guessing it'll be "Hello" or something about China. But we'll see a tweet.
2) The bottom will be established around this Friday (Monday at most). There is not a lot of time left for the price to drop, so if any price drops are to happen, they have to happen quick.
3) Next week Tuesday onwards (5 September), GME has to begin to moon.
4) Moon ends around the 13'th of September and the usual multi-month decline begins due to everyone selling CC's into a run again.
---------------
========
In short:
0) Today/Tomorrow = Ryan Cohen (CEO) tweets out something.
1) Sept 1 = GME Bottom
2) Sept 4 = Slow uptrend begins
3) Sept 5-6 = BIG utprend begins
4) Sept 5-12 = Uptrend tops out
5) Sept 13 = Utprend dies out
Of course i will be playing this accordingly.
========
Other Notes // Read Me
I suggest following/reading the daily updates on this since this is a critical period. We're about to run soon, but should dump a little more just before it happens.
What absoluitely baffles me about this is the timing of these events and my theory about how my posts are in a way causing these reactions.
- "Oh he said it'll go down, better make it go up then"
- "Oh he said it'll go up, better make it go down then"
Since my data acts as a leading indicator, i will always have a heads up of what is going to happen and enough time to react to changes like the ones above. Again, i truly think the only one out there causing these effects are the hordes of retail investors selling CC's and closing them off at around the same netting times. I think in all this, i act as the "He said the thing, let's react" thus causing said effect.
We're going to find out how true this is with this run. I am 100% sure that we're going to run according to this chart. imgur.com
If somehow the data breaks down again like it did on my last prediction, i'll believe that i'm the cause of these effects, but the data looks extremely strong, too strong to be wrong which is why i'm 100% convinced of a run within the timeframe i mentioned.
Last time i was able to time this perfectly down to the day in March using this new method (Different than all the other failed methods over the last 2-3 years). This will be the second "perfect" prediction for GME.
I'm posting about this on tradingview so that people can see these events happen and play out live perfectly as i've posted about them. My hopes are that if anyone does follow and play this prediction will have made money which is the whole point of trading anything including this damn stock. I'm a proponent of making money, not meming on an internet forum for 2-3 years.
I really hope 8+ hours per day worth of research for the past 2 years at my mid 30's has proven fruitful for something. I'm not even hopeful, i know it's fruitful and i just can't wait for you all to see this too.
BETR Better Home & Finance Holding potential SHORT SQUEEZEOn August 24th, the shares of Better Home & Finance Holding (BETR), a company backed by SoftBank, experienced a drastic decline of over 94%. This downturn came as investors showed reluctance toward the online mortgage lender. The company had recently gone public through a merger with a blank-check company (Aurora Acquisition Corp SPAC) precisely when mortgage rates had surged to the highest levels seen in two decades.
In the case of Better Home & Finance Holding, an overwhelming 95% of Aurora shareholders chose to redeem their shares. This decision left the trust account of the SPAC with approximately $24 million by the end of June, marking a significant decrease from the roughly $283 million it held at the conclusion of the previous year. These details are revealed in filings.
Typically, when a stock has only a small number of publicly available shares, it becomes susceptible to high levels of volatility. Despite trading at $0.77 intraday, it's worth noting that on August 2nd, the SPAC associated with BETR was trading significantly higher, at over $60.
The situation with BETR brings to mind past posts of mine regarding the potential short squeeze scenarios witnessed with AMC Entertainment and GME Gamestop:
Given the limited liquidity in play, I am inclined to believe that a short squeeze might be on the horizon for BETR.
Looking forward to read your opinion about it!
mmmmh, as expectedI hate AMC because the CEO is a thief, is cheating the people, and I don't know why the SEC is doing nothing. It looks like a very speculative game, so I was expecting to see this since May 10th.
I sold APES and bought AMC because I think APES will disappear.
Today the judge ruled in favor of AMC, allowing them to issue 100% of shares, so now we are diluted 50% with the creation of APE, and 50% of the 50% with the creation of these shares.
TUP the newest meme fundamentally dead LONGTUP on the 30-minute chart has some decent technicals. Based on anchored
VWAPs one set for 8/1 and another 8/3, TUP has pulled back into solid support
at the two mean VWAP lines. Volume has been steady. It is in the middle of the
fair value zone and under the POC line of the volume profile. Analysis of that
profile is that price should seek the POC as if a magnet. there is could be
pushed up or repelled down depending of the relativity of the dynamic of
buying and selling pressures interplay in that zone. I see TUP as having 20% upside
for sure on the retracement of the trend down. An additional leg up and over the
POC line is possible or even probable but not a certainty.
GME fell. Can it get back up? GME on the one hour chart fell over a week from July 27 until earlier today.
The fall has heavy selling volume this morning followed by a flip at the lunch
session into buying solume above the running mean. Similar findings are on
the volatility indicator. The MACD has a cross under the the histogram as
price momentum shifted from bearish to bullish. Price has crossed over one of the
lower VWAPs in early vWAP uptrending.
Overall, I see this as a long setup. With the market drop today, the volatility gryration
tomorrow is a likely reversion to the mean. This should lend support to the
reversal on GME. My target is the green POC line of the volume profile at 21.18
with a stop loss of 20.25. Once underway with the stock trade if good movement is seen
I will take an options contract or two with one day to expiration.
GME buy the dip LONGI see GME on the 15-minute chart as being setup for an opportunistic speculative dip buy.
Details and targets are on the chart. The plan is to get about 5% out of an anticipated
rebound off the near-term pivot low. My analysis is the GME will revert to the mean being
the high volume area of the volume profile which is 4% upside with the POC line before
that where trading will ever be buyer dominate for a continuation or seller dominate for
a bounce down. If any shorts bought in the downtrend they will either hold through the
recovery or buy to cover to minimize losses. If the latter, the early beginnings of a short
squeeze could be a foundation of a move higher.
Can AMC continue the bullish momentum?AMC popped over 50% on the last trading day. So questions arise could include
whether there is an juice left in the move? Are there short sellers now buying
to cover to cut their losses? On the 15 minute chart, the parabolic move is
obvious. The volume profile shows the highest volume of trading at 7.42.
A typical end of the trading day and week fade is seen with volume falling as
well. Price is now getting support at the first VWAP band above the mean
line somewhat confluent with the POC. A reasonable target is the high of
Friday's trading session at 8.75 but bullish momentum could push price above
that resistance. The is a major VWAP band breakout. a parabolic move that
potentially could continue.
Accordingly,
I will take a risky trade with a limit order at 7.45 where AMC will be
above its POC line as an sign of a potential resurgence of bullish momentum.
I will watch for a volume spike showing that new buyers like myself and
short sellers liquidating are combining in selling pressure. I anticipate
great price action and a quick profit. The trick is knows when to sell to
realize profits I will sell one-tenth of the position for every 3% in profit
unrealized and could find an overall profit of 15-25% which would be a
great way to start the trading week. Some might call this chasing and I
understand that. I see it has high risk with higher potential reward especially
if a short squeeze kicks into the higher gears.
IWM Russel 2000 - No Love For Small CapsI hadn't really looked at IWM until a follower asked me about it on Twitter, and after thinking about it for a few hours and comparing it against SPY and QQQ, I realized that it's not that IWM is lagging, it's that it's not going to follow the recent mania.
Some wisdom I heard recently is that breadth is important in markets because it indicates a large amount of liquidity has entered or left, indicating the emergence of new bull and bear markets.
Unfortunately, with the exception of Friday alone, breadth has been terrible in this debt ceiling crisis pump, which means even though Nasdaq is flirting with 15,000 and SPX with 4,300, it's a bullish impulse within bearish macro conditions.
There's a lot of trouble on the horizon with the 2024 Presidential Election close enough that the game has to played and the trouble brewing in mainland China with the Communist Party being about to fall and the globalist bloc struggling to either cuckold or depose Xi Jinping.
What a bullish impulse in a bearish macro framework means for small caps is that although Microsoft, Nvidia, Google, Tesla, Amazon, Apple might pump, liquidity is not going to be going "risk on" on small caps and zombie corporations.
Instead, prices will be driven lower because as they sell the cycle highs in the blue chips, they'll be bidding a portion of their profits with lowball asks on small caps for the purposes of pumping them, and then dumping them, on retail's head after interest in the big names has become exhausted.
Those very large lowball asks will lead the algorithms to drive price towards them because the algo is designed to generate volume.
But on small caps, unless the company has significantly exceptional fundamentals, your expectations on how high it can go and how long it can go for during a reversal will have to be quite reserved.
In other words, if you missed the July '20 to October '22 pump on IWM then you missed the train and it's never coming back.
It is what it is. Just accept it.
You can make a lot of money trading puts on this thing on the way down.
It just means that if it really does bounce around $125, your expectation for where it can bounce to shouldn't be a new ATH, but probably back to $170.
Again, you can make a lot of money trading calls from $125 to $170.
But if you want to bUy tEh bOtToM fOr thE mOaSS and think you're going to get a 50 bagger instead of a "tiny little" 5 bagger, you're going to blow your account.
And if that's who you are, it's probably better you blow your account and go back to working a real job and learn the value of money again.
So here's the trade.
This recent breakout looks like it's just a consolidation squeeze. It's going down. But it might screw around for a while and could be as annoying as trading over $200 again. It's really hard to say.
Areas you'd really like to short and/or buy puts are called $188 or $190.
You'll need 4-6 months or so to get to the $127 level.
But either way, the R/R on a $188 short with a $212 stop and a $130 target is almost 7 to 1.
Go do sports betting for a while and enlighten to how hard it is to hit a +700 if you don't think that's a worthwhile trade.
You need to quit wanting to get rich quick. Getting rich isn't important and it isn't even valuable. What you need is to wake up to what's important in life and what you're really here to do.
And that question is answered in mankind's traditions and that 5,000 year old culture sitting in Mainland China after the CCP is utterly annihilated.
GME- Pullback completed Re-Entry REady?GME trended up from the 1st of May into a V shaped retracement and boune from June 7th
to 14th finally crossing over the 2nd STD of the full range anchored VWAP before a
standard 50% Fib. retracement bottoming 2 days ago as seen by the Fib. retracment tool.
Price has now reversed to an uptrend and is crossing both the full range mean anchored VWAP
and the POC line of the full range volume profile. The confluence of the mean VWAP and the
POC line cross-validates them both and adds strength to the thesis of a a return of bullish
momentum. I see this as suitable for a long trade targeting first the red line of the 2nd
standard deviation above aVWAP for 75% of the position and then the blue line of the 3rd
standard deviation above mean a VWAP for 25% of the position. The MTF RSI indicator
of Chris Moody shows two low and high TF RSIs in the mid range. The Lorentzian an AI based
machine learning backtesting indicator has printed a buy signal yesterday morning. About the
same time the low time frame RSI crossed over the higher TF RSI and the 50 level then
MACD lines crossed while underneath the histogram. Confirmations and validations
found, I will zoom into a 5 or 15 minute time frame for a pviot low from which to enter
the trade long.
Is one Gamestop trend line enough? GameStop - 30d expiry - We look to Buy at 21.71 (stop at 20.21)
Short term momentum is bearish.
Prices expected to stall near trend line support.
Trend line support is located at 21.70. We look to buy dips.
We look for a temporary move higher.
This is currently an actively traded stock.
Our profit targets will be 25.21 and 25.71
Resistance: 24.00 / 25.00 / 26.00
Support: 22.91 / 22.15 / 21.50
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