GME Gamestop Technical Analysis and Trade IdeaIn our recent video, we conducted a concise technical analysis of GameStop (GME). After a bullish rally, GME became overextended, hitting resistance levels and subsequently retracing significantly. Currently, we’re closely monitoring key support levels. Our primary objective is to pinpoint an optimal buy entry point within this critical support zone, provided that price action aligns with our analysis from the video.
As always, our video provides valuable insights into trade entry points, trend analysis, market structure, and price action. Remember that this content is for educational purposes only and should not be considered financial advice. 📈🚀📊
GMEUSD
Another likely outcome for GME.If the previous chart that I posted regarding GME doesn't play out as I hypothesized, this is another likely outcome. Prize rises slightly out of the wedge pattern, which will trigger many buy orders as many trader's would see that as a bullish sign, then sharply reversing, and dropping down below the wedge to the bottom (dashed) support line, leaving many bulls holding the bag at higher prices.
GME 2.0????????? BGFV SQUEEZE!?!?!?!!!!www.reddit.com
In-depth analysis, can explain better than I can.^^^^^^
But essentially a similar situation to GME was.
A highly shorted stock that is debt free, making profit, and other good fundamentals.
Currently BGFV is the most shorted stock in the market.
The special interest date will be a big event.
Whether it squeezes or not, this stock is a great buy.
But volatility is increases a short is imminent and it's becoming more volatile.
Before earnings report it pumped 70%.
What do you think does this have the potential to squeeze????
Will we see $100+???????
Let me know, whatever happens it will be very interesting!!!!
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.
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 about to hit $420,69 in the coming month(s)Hello degenrates,
If we have a look at the technical analysis of $GME it look like it's ready for it's next big leg up.
The breakout of the symmetrical triangle gives us a technical target of approximately $420,69
Next to the triangle pattern, we are sitting above the 4h EMA ribbon with confirmed support in the last 24h.
Looking bullish.
The Technicals Behind GameStop #4In this idea we are looking at the price of the GameStop stock. Just like in the previous trading ideas, we are going to focus on momentum and breakouts (because that's what we are looking for). It's pretty hard to apply technicals on this stock because we are moving along with emotions and irrationality.
Nontheless, we can see the price moving above the MA50 & MA200 with an upcoming Golden Cross. The last time we saw a Golden Cross appearing on the 15m chart was before the previous breakout at the end of february.
I'm expecting a similar reaction from the buyers within the next days.
We can also see a Divergence which basically tells us that the buyers were present at the market while the price was moving down.
This is a great indication of who is "stronger" and will actually takeover the trend.
Let's see what happens here.
A possible scenario from my side:
Entry: 180.00
Stop Loss: 140.00
Take Profit: 280.00
Cheers,
Ares
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Disclaimer: I am not a financial advisor. Everything I share in this channel is how i trade personally. This is a simplistic approach to educate you in using technical analysis on financial markets.