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[STOCKS] The Technicals Behind GameStop (GME) #3Hello everyone, this is an update of my previous trading plans for GameStop. I discovered this stock back in November 2020 with the help of r/wallstreetbets. I've tried to apply the technicals almost at every point, even though this market acts insanely irrational. It's very important, especially for beginner traders, to enter a trade at the lowest point possible and not during a pump. You won't have a trading plan and you won't know where to take profit. So you will end up holding bags. Luckily, the price of the GameStop stock made a return with an inital movement. I've entered another trade with a buy-in at $42 with a take-profit order at $150 (and another one at $420,69). We had a great risk/reward ratio here, but this one wasn't easy to spot. I personally did not expect the price to move past the $200 mark but it did. This is a good sign for those who like the risk. We can see that the price is moving towards previous highs, where sellers appear on the market. Most of them try to sell their bags to break even or they take profit in an obvious risky trade. I personally don't trade this stock anymore. There are many more other opportunities in the market. Please always consider to got to a casino an take the 50/50 - red/black chance. You might be more successful :-) cheers, Ares
NYSE:GME
by Anton_XBT
2
ENDGAME - GAMESTOP - $GME - PT: 2000I believe that with GME... We are witnessing a complete failure of the MM to control the SP... A true free market. It appears that the squeeze has not been squoze... Retail Impulse Wave 3 is coming.. You must hedge in the "real" market. I have forecasted that SPY will correct in Mar-Apr. and institutional liquidation due to another impulse wave in the BANG stocks will cause this... Vlad Tenev admitted that they were about to have a liquidity issue during Wave 1. The sharks smell blood in the water and they will pounce again... even harder this time. Do not underestimate this... traditional investors. TECHNICAL VIEW: - The beauty is that without algorithmic pressure... it is possible to have PERFECT Elliot Motive Waves... See my previous forecasts on the BANG Stocks. - Wave 3 PT: 765 - Wave 5 PT: 2000
NYSE:GMELong
by UnknownUnicorn1043646
12
$GLBS $5.11 to $95 or 1,900% Gains in 24 MonthsTheres are the next 4 price targets within the next 12 months. Company used financing to expand fleet to 8, the dry bulk industry is primed for a bounce back year after Covid-19. The stock is at alltime lows, in a downtown trend. However it has strong support! The chart pattern is a falling wedge bullish reversal. A breakout is strong. The company had a rough couple years, they made a few mistakes, and the world shutdown. However moving forward the company is in position for expansion, growth and investment. This is a long term stock to own.
NASDAQ:GLBSLong
by UnknownUnicorn2208604
6
GME Falling Wedge pattern - Breakout Imminent!The Falling Wedge pattern can be observed here on the 1h chart. Here is why: 1) There are three reaction highs and reaction lows (circled in red) that are currently converging. 2) Volume is tapering off somewhat suggesting that selling pressure is abating. 3) An upwards breakout on a volume spike will confirm the pattern and is a very bullish event. A downwards breakout from the wedge implies a continuation of the downtrend and is thus bearish. 4) If a breakout occurs upwards watch for potential points of resistance near the previous reaction highs. 5) If the price exceeds the reaction highs and manages to consolidate above it, it will become a new support level. Use indicators such as Chaikin Money Flow to follow where the money is going. CMF down - expect the price to head down. CMF up - expect the price to go up. Please let me know whether you liked the idea. I personally am a believer in the long position for this stock at this time.
NYSE:GMELong
by LordFrostEye
8
$RKT meme stock short squeeze!$RKT stock has now skyrocketed 113.6% over the past three days, since the company reported better-than-expected fourth-quarter earnings and announced a special dividend of $1.11 a share. S3 Analytics said there has been a "large amount of short selling" into the stock's (RKT) recent rally, with short interest interest increasing to 47.9 million shares, or 45.8% of the public float. "RKT's stock price and short selling activity is reminiscent of another recent highflying 'meme' stock- appears to have garnered some bullish interest from day traders on Reddit’s infamous WallStreetBets. it is near the top of the list of U.S. companies in terms of size of short bet by hedge funds, according to FactSet. That makes it a classic target by meme-obsessed investors, who have been storming together this year into shares and call options of heavily shorted companies in order to squeeze out short sellers. It was unclear of the size of the retail interest in Rocket at this time. A number of popular posts on WallStreetBet chatroom featured Rocket on Tuesday. One says “I like RKT. $1.7M all-in, let’s gooo YOLO,” and it quickly drew more than 1,700 comments. We expect the shares to normalize and again trade on fundamentals, however the timing is uncertain.” wrote Wells Fargo analyst Donald Fandetti “Our beta-tested social media stuff right now picked up on yesterday some really just hugely bullish comments over on the Reddit board WallStreetBets again. Najarian cited a jump in Rocket options trading volume following increased mentions on Reddit. Meme-driven chatter on Rocket was not nearly as intense as seen on GameStop, according to AI firm Accrete. The surge in Rocket could be a sign that the retail trading mania seen in GameStop earlier this year is still a factor. When a stock with high short interest jumps sharply higher, it could force short sellers to cover their bearish positions in order to limit their losses. The short covering tends to fuel the stock’s rally further. www.cnbc.com
NYSE:RKT
by AlenCiken
NEM (XEM) 5.5 Billion Market Cap and you sit there!Salve Nem XEM Hmm! they are five years in crypto game and early investors are 712068% in profit now, cool ha? NEM is a highly versatile crypto solution which seeks to adhere to a host of mainstream industry requirements. It is written in Java and JavaScript with 100% original source code. NEM has a stated goal of a wide distribution model and has introduced new features in blockchain technology in its proof-of-importance algorithm. NEM also features an integrated P2P secure and encrypted messaging system, multisignature accounts and an Eigentrust++ reputation system.... tg: 0.6--0.7---0.9---1-----1.5-----2 and watch my out fib lines Ciao
X
by amirsediq
9