Gmelong
GME GameStop Double Bottom ??it seems like this support is holding pretty well:
I am tempted to think that GME formed a double bottom chart pattern and is ready for reversal.
We also have the second scenario with a sell to $70 before going higher.
GME is already a crypto play, as you know, they will launch a Digital Wallet and an NFT marketplace.
Looking forward to read your opinion about it.
GME - Longs - Its just a small war Two long trades
Plan
Its one positon. Where 80% will be closed at the first target and 20% on the second target.
Scenario (Green arrows)
Target
Next resistance level (level 1).
Requirments
- Close above level 2
- Close above 50% Fib level
- Break of the generated swing (generated swing 1) after break of level 2
Invalidation / SL
- Fall under level 2 AND loss of monthly open
Time duration
Days, weeks, months, years... ;)
Good luck
GME 7 Weeks Short, 4 Weeks Runup, 1 Week Turnover - A Clear CyclHere is the GME chart.
Vertical lines denote starts of periods. I have some fun triangles too just for giggles.
You'll see here a clear pattern. 7 weeks to short, 4 week runup, 1 week to I don't know what, restart the short cycle I guess. Given that the total is 12 weeks (approx quarterly) I think that fits pretty well with the quarterly options expiration. I don't really understand the cycles all that well but this DD is probably helpful to reread: reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/
Obviously we had two runup cycles back-to-back with 1 week in between in Q1 2021, and so I have PREDICTIVELY included 2 cycles for Q1 2022 as well. This decision is running loosely on the back of some DD I can't recall that showed the options/ETF cycles occurred twice in January.
It is ENTIRELY possible that the early cycle in March doesn't occur this year and that subsequently we are in week "1" and running headlong into a 7-week short cycle. It's also possible that as I laid out, we lead a second 4-week run-up starting 2/25.
I just like drawing #GameStopI just like to draw coloured lines and overlay current bars with history on the $GME 30 min chart.
Looks to me like another buying opportunity coming up until the next catalyst like Opex, Dividend record date, NFT marketplace.
In the mean time high inflation, rising interest rates, supply chain issues, component shortages, housing market crash, stock market crash, war. (All transitory, we're assured by the powers who are suppose to know)
Luckily RC had the foresight to buy a lot of inventory before supply chain issues started and high inflation kicked in. That can now be sold at the current inflated prices, still cheaper than the competition, supporting gross profit.
Not advice, do your own DD.
GameStop respawning?GameStop - Short Term - We look to Buy at 138.50 (stop at 125.95)
Price action looks to be forming a bottom. As this corrective sequence continues we look to set longs on a dip at better risk/reward levels. Levels close to the 50% pullback level of 138.50 found buyers. Further upside is expected although we prefer to set longs at our bespoke support levels at 138.50, resulting in improved risk/reward.
Our profit targets will be 199.40 and 250.00
Resistance: 156.50 / 180.00 / 199.40
Support: 138.50 / 137.24 / 132.85
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
GME GameStop quarterly loss on supply concernsNet sales $2.254 billion VS $2.122 billion in Q4 of 2020 VS $2.194 billion same Q 2019.
Net loss of $147.5 million, or $1.94 per share VS a profit of $80.5 million, or $1.19 per share las year.
My buy area is $48 - $69.
I expect a bounce from that strong support.
GME GameStop consolidation areaAfter GME went even lower than the exacted support line:
Now we need to keep in mind that $90 is a great entry price in case of a selloff due to market condition and increasing of interest rates.
GME is now in a high volume consolidation area, slightly bullish in my opinion.
GME - Idea Nr. 2As the last GME trade worked out nicely. ()
My next plan:
Scenario 1
Planning to buy tmrw some GME. Target is the recent high (25.08% from the current price)
No Stop- Loss. Will hold longer
Scenario 2
Buying more GME at the s/r level (blue line) if price should fall lower.
Same target as scenario 1. No SL aswell.
Dont forget:
- Watch your Risk management
- DYOR (Do-Your-Own-Research)
- This information / article is only for educational purporses and not a recommendation to buy or sell.
I'm not a Financial Advisor.
Thanks for reading!
trader_se
GME: Second Time Lucky? GME - Short Term - We look to Buy a break of 162.00 (stop at 134.00)
A move through bespoke resistance at 160.00 and we look for extended gains. Posted a Triple Bottom formation. 140.00 continues to hold back the bears. Previous resistance located at 250.00. The bias is still for higher levels and we look for any dips to be limited.
Our profit targets will be 246.00 and 290.00
Resistance: 160.00 / 200.00 / 250.00
Support: 140.00 / 130.00 / 120.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
GME moving to NFT and Cryptocurrency MarketsGME Gamestop is launching a marketplace for NFTs, reported the wall street journal.
GameStop is also reportedly creating partnerships with two crypto companies to “share technology and co-invest in the development of games that use blockchain and NFT technology, as well as other NFT-related projects”.
The stock bounced from a strong support and is heading to the $225 resistance.
Time to buy GameStop? GameStop - Short Term - We look to Buy at 158.81 (stop at 130.88)
Previous support located at 145.98. Posted a Bullish Hammer Bottom on the Daily chart. Daily signals are mildly bullish. The bias is still for higher levels and we look for any dips to be limited. Risk/reward is ample to call a buy trade.
Our profit targets will be 239.71 and 293.57
Resistance: 253.00 / 300.00 / 344.50
Support: 145.98 / 132.00 / 117.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
GME Gamestop! Impulsive prospects up to USD 530
Welcome to my in-depth and detailed analysis on Gamestop GME.
This analysis was first published on 11/22/2021 at 12:35 by me Highrisk221.
Date and time information is based on Berlin time zone.
We look at Gamestop in the 1 hour chart
As we can see in the chart, the price trend wärend the last high phase on 08.06.2021 at 17:00 put a correction phase which was ended with a trend break on 25.10.2021 16:00.
The price targets of the completed ABCD correction are indicated in orange lines and are at :
Target 1 275.89 USD
Target 2 306.38 USD
Target 3 323.67 USD
Target 4 367.06 USD
Target 5 392.84 USD
The MAximal target is given as 454.77 USD for this formation.
Two more Bullish Formation possibilities have now emerged from the trend break.
Formation 1 Would be a W formation, more precisely a W formation within a W formation.
The first W Formation starts on 09.06.2021 at 20:00 USD 324.68.
Forms the middle on 01.09.22021 at 14:00 at 232.48USD
And is still pending completion, which at the renewed reach of 324.68 USD
is completed. The course goals are not yet indicated in this analysis with, but as soon as the course 324.68 USD has again reached, are nachgetragen.
The subordinate W formation starts on 11.06.2021 at 16:00 at 240.68, and forms the middle also on 01.09.22021 at 14:00 at 232.48USD
The completion was reached on 03.11.2021 at 14:00.
Currently, the price trend is in a so-called retest, with an impulsive rise can be expected when exceeding 240.68USD.
The following targets can be reached:
Target 1 316.93 USD
Target 2 337.43 USD
Target 3 530.54 USD
they are shown in the chart as green lines
The second formation that can be seen is a Cup and Handle formation it is more or less the second part of the W formation.
The beginning of the cup is formed after the rise from 05.08.2021 to 01.09.2021 at 18 o'clock it was completed on 03.11.21 at 15:00 clock
The handle formed until 10.11.2021 22:00h and corrected in the area of 0.618 Fibonacci level.
The targets of the formation would be as follows:
Target 1 252.03
Target 2 274.42
Target 3 304.39
Target 4 390.74
Target 5 477.09
Target 6 530.45
I have published the cup here in a separate idea.
The whole analysis gets an invalidation as soon as the price drops below 156.62.
If you liked this idea, I would appreciate a click on the Like button ;)
If you have any questions, suggestions or a different opinion, don't be afraid to use the comment function.
Thanks a lot
Disclaimer/ Disclaimer of liability
Always do your own research before investing and seek the advice of someone trained to do so.
The analysis shown here is to be understood as my personal opinion on the possible price development of Gamestop GME, it was prepared to the best of my knowledge and belief.
However, I can not guarantee or warrant the accuracy, completeness or timeliness.
This analysis was published for informative and scientific purposes only.
It is not suitable for imitation or investment basis, and must not be understood as investment advice, buy, sell, hold or trade recommendation.
It is expressly discouraged, a trading decision or investment, based on my analysis or other published by me, information, articles, content or the like, to perform or make.
My analyses are always based on probability calculations and on my personal experience, so this analysis must be considered as a probability statement, which neither completely, partially so or so similar, must or can occur.
This analysis does not take into account any fundamental data!
You should also be aware that trading and speculation with CFDs, foreign exchange, futures, currencies, options, warrants, cryptocurrencies, shares, securities as well as other financial and trading instruments, whether leveraged or not leveraged, is always accompanied by an enormously high risk of loss, whereby you can lose part as well as your entire capital and possibly beyond (note margin call).
Before making any trading decisions or investments, always do your own due diligence and consider your investment objectives, financial circumstances, needs as well as your level of experience and expertise.
In addition, always seek advice from an investment advisor, financial advisor and/or bank.
Also, always check with your broker, bank, etc. about the exact and individual risks, terms and conditions, and whether or not you are subject to margin calls.
On average, over 70-90% of investors lose their capital when trading such financial products.
You always act on your own responsibility and therefore bear the sole risk.
I therefore accept no liability for any damage/losses that you may incur or suffer as a result of your own actions.
Woah! GME closed above 213.52 Now what?Just a follow up to November's outlook. It is interesting to see the price playing out as anticipated. I could say "predicted", but don't want to sound like a D_ck! 😁 So let's see if price gives some clues as mentioned going forward. Dam! If I am right for a third time in a row I may just have to write a price action book or something 😅 Be well and happy and safe holidays my friends. Peace out!
GME GameStop Extremely Bullish Option CallsIf you haven`t bought at the support:
Then you should know that today GME Gamestop had some of the most extreme out of the money short term calls expiring Nov 26 with a strike price of $500!
I see a short term upside potential of $280 (the next resistance)
Looking forward to read your opinion about it!
GameStop 2nd massive wave of GME known as meme stock coming !?! After breaking the downward trend line and closing way above it. It is to be expected the GME start a massive rally similar to the one it made earlier and make new highs. Key levels are mentioned in the chart.
PS. such stocks shouldn't be invested without proper risk management. Don't forget to put stop losses near resistance area.
GME is going to Banana Planet - $1700Looks like we're seeing a shift here with the buying pressure starting to come in, We need momentum to continue if we expect us to finally break out of this Wedge/Triangle though.
I've been grabbing leaps and shares every chance I get, The longer these institutions prolong this the more violent the breakout will be. RSI, MACD & STOCH are in great positions IMO, RSI came down and is starting to break back up above signaling a trend change (As long momentum continues) and then we have a nice tight MACD cross up starting here along with the STOCH showing a shift as well.
Above 190$ we will see 210-220 quick, then from there I expect retail to wake up again hopefully forces Hedgies to start covering they're sold calls......Rinse and Repeat
Good Luck To My Apes, And I Pray For You Shills/Boomers short on this thing.
We've already won, It's just a matter of how long you will wait for your movie like ending.
GME: how high will it go?It looks like GME is moving towards a strong supporting line in a channel and a wedge. It has rebounced on this line before. If it does, how far will it go? No matter what, it looks like, there is a lot of upside.
I like to look at charts because I believe there is magic behind the numbers, when you can read the history, psychology and trends in the charts. I hope I can inspire and entertain, but I am not a financial advisor. Please do your own research.