GME reached the 200 MA on the 8h + extended hours, it hit the S3 weekly, the diagonal support, a VP HVN and it managed to get into an area that was previously resistance (currently turned into support). So to me this either is the bottom, or GME is in trouble. This is a massive combo and the structure of GME in the long term is still bullish. In my opinion the...
We finally closed above the June 10th Downtrend on 2 days of the lowest volume in the last 12 months. No one is selling. Last time we closed below 200 was May 24th, a full month of 200+ price action. NFT news release soon? Some people seem to think so.
Very promising to see a green day after moving to the Russell 1000, normally stocks drop as has been repeatedly by MSM for the past 2-3 weeks. Large violation of the June 10th downtrend, closed lower but tomorrow it opens above the downtrend. A further sign of a large uptrend is a sustained push over 230 and especially a close over 230. Russell monitoring's...
I am not a legal financial advisor or consultant, everything shown here is strictly for learning purposes and is of my own opinion. Please do your own research and due diligence and never take any one persons words as 100% truth. GME, GME, GME. man oh man what a year GME had. this failing business had the perfect idea to get back on it's feet and what did the...
Daily RSI is showing that its about ready to bounce off its own trendline. Russell rebalance at end of day. T-21 pushed to today due to holiday. NFT release date July 14th(speculation) 200 is strong support Possibility that GME regains log trendline in next few weeks? Sorry haven't posted for a bit, was waiting for GME to settle down for a good place to...
Hate to say it but GME is at a crucial point at the moment... What I mean is that it could be a really good buying opportunity since its holding daily demand and the .382 fib support!...BUT if it happens to lose this support zone, we could see some serious price drop down to the next demand zone. Now as you know from my last post about AMC, I am currently...
After completing the Cup and Handle pattern fully, it looks to me as if we completed a full impulse wave 12345 with a ABC correction. This perception is also supported by the perfect fibonacci levels and filled the gap at 211 to 220 This suggests we are about to enter a new cycle. Since the Earnings report was incredibly bullish (25% sales growth, 49% earnings...
Major Price action today, drop (with gap down) hitting a low of 211, and closing today at 220. After hours is up slightly to 230 which is pretty interesting. The thought is with the higher volume day at 22.7 million is that Gamestop sold all or most of the 5 million shares they announced they could sell yesterday. The last time GameStop completed selling 3.5...
Alright guys, confirmed amount of "normalized" voting shares released via the 8k is 55 million. Is this the number of shares that actually voted or is outstanding? NO. Gamestop cannot report a number higher then the issued share count. Based on the number of mostly foreign brokers that blocked voting and brokers that allowed voting and advised only a fraction...
Tomorrow is the the shareholder meeting Further tomorrow is 10 trading days from the initial spike from 180 to 210+ from May 25th The previous spikes were> January 13th we had the spike to 25 dollars~, then 10 trading days later we had the spike from 150 to 483 February 24th we had the spike from 38 to 80 dollars, then 10 trading days later we had the spike from...
Just a quick update with some notes. Long trendlines are holding, log scale remains intact and gap up fills before 2 gap downs. we gucci Good luck and hang in there.
Yesterday was the highest close since January 29th with today being a second close in a row over 250. At this point being so close to the 9th, there is a large portion of people waiting for that all important answer to the only question that matters. How many shares voted in the shareholder meeting? We will find out next week and while I have enjoyed this...
The percentage of short volume is about 60%, is it high bruh! it's high, is it short squeeze bruh 1000 videos in YouTube said so and the reddit said it too. So will it fly don't know. from the pitch fan, it predicted the price of GME cleverly reach $260s, so based on pitch fan it can be said that, yeah it will fall first before continuing the path to the moon....
OBV confirms move upward Next major step in the breakout is 300 and 350 which was the previous high before the death drop to 170. Large amounts of calls are coming ITM is only going to push this stock further up. Get ready for those margin calls that should start happening Friday/Tuesday. PS, if you see news that "shorts" have lost 6 billion dollars or...
Broke 196! GME highest it has been in 3 months! AH higher then close! This is GME with zero momentum, just wait until it gets going. Woe to any shorting GameStop at this point.
196 was the high in April, so that is near term target. 2 days closing green over 180 after not being able to break it for 3 weeks is very positive. Tomorrow is T-21 from 4/20, that was a big drop day with 4.7 million volume which means up to 2.9 million shares shorted at 62.2% SI that day. Its possible a large portion of those shares need to be covered...
I moved my moon indicator over 1 week and set at 175. GME is now firmly over the 5 month downtrend started with the mini-squeeze in January. Looking like finally we are at last call before this thing goes bananas. Volume is coming back as well, options haven't yet kicked off but any big move in options will set this off.
Just tested the descending downtrend. A full break tomorrow should be confirmed shortly. A rejection would mean a retest at the end of next week. Some other interesting info. There is 4 million shares in way OTM puts expiring next week. These are opened under 30 dollars. These are rumored to allow hedge funds to not have to deliver FTDs right away. In theory...