Analysis-downtrendOn GME as you see on the chart we will have a big probability of a downtrend.thanks.
GME trade ideas
GME Weekly Chart $2 to $500 to $77 to ? Seems to have double bottomed around $77, the weekly chart is just one massive bull flag. Time will tell.
This PoC may be a magnet for gamestop after its earnings tonigh!NYSE:GME
GME is prone to a short squeeze, according to Fintel, and here I show that the fixed range volume profile introduces a PoC that may be relevant for price to rally to, after earnings.
The options market is pricing in a 19.5% move for GME following the earnings tonight. This wild one can go down, too .It can go anywhere, or nowhere. But I reckon, $150 next?
Gamestop (GME) Earnings AnnouncementGAMESTOP (GME) $122.4 Pre market Prev. Close $124.7 (down about .02%) @ time of analysis.
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EARNINGS ANNOUNCEMENT AFTER MARKET CLOSE WITH an EPS(earnings per share) estimate of -$1.45 and Revenue estimate of $1.3B. GME missed last 3 quarter EPS estimates and surprised last 4 revenue estimates. GME net income and revenue was on a steadily decline from 2018 - 2020 with a noticeable increase in revenue but still declining net income from 2020 - 2021 end. Debt/Assets (56%) has improved within last 5yrs with debt on a steady decline and major increase in assets( from 2020 - 2021 ). GME is currently and hasn’t been in a long time free cash flow positive. (Basic Fundamental Analysis)
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Fundamental Analysis Personal Opinion: GME isn’t investable but short term tradable. Bearish sentiment overall in my book on this company. Isn’t investable but tradable ( buy the rumor sell the news). GME share price is on a short term uptrend since May 24. Currently trading below MA60 on 15min chart timeframe but all other timeframes indicates a short term uptrend still exist.
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Chart Analysis Personal Opinions:
- Daily Chart: Downtrend continuation or beginning of a strong short uptrend.
- 2hr Chart: Pullback from previous breakout or a continuation downward (Stoch RSI, candlestick pattern and price action signals a strong sell though)
- 1hr chart providing detailed price action of 2hr chart
- 15min Chart: Trading in a range ( $120.4 - $140 ) Support and downtrend line - would wait until above MA60 or breaks above or below levels.
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Trade for the upcoming BONUS: FCF (Free Cash Flow) - a company share price will always reflect the free cash flow trend. Trending down in FCF, the share price overall will trend downwards and vise versa for an increase in FCF.
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GME 5/25/2022GME
Game stopped. “Investors” aka bag holders holding on to hope not realizing what is low, can go lower.
Multi timeframe analysis.
Daily Chart
Price is currently in the middle of a down moved. It is one lower low away from confirming major downtrend.
Price is currently still under both 200 and 50 ema confirming bearish conditions. Price at 50ema
1HR Chart.
After price reached low of 78.38, it bounced up where it found resistance in 100 area
Price flagged and broke out on a parabolic move. Parabolic moves on breakouts are susceptible to false breakouts.
The breakout parabolic move is running into 200ema which is acting as dynamic resistance.
We also have an overbought reading on the Stochastic indicator.
Expecting parabolic move to be a false breakout and price to fall back into range and break down to 78.
On the daily chart, we have extreme bearish conditions. Death cross, breakdown from long tern range, and we have a possible existing downtrend with price coming into resistance @ 50ema
Then on the 1hr chart, we have a parabolic move into resistance @ 200ema with an overbought stochastic.
GME has a lot of sell pressure on both charts.
Overbought stochastic reading at resistance level is my cue to enter trade short.
Entry: 113.73
Stoploss: 123.07
Target: 78.00, 31.36%, 3.78 RR ratio
$GME - The Next Bull Run - May 24 2022I'm not gonna write a lot, you know the drill by now. The quarterly SLD cycle is here and is about to happen. Some changes due to SR-NSCC-2021-002 may cause the cycle to move ahead +1 week into June 1 - June 6 ish.
Invest responsibly, this is not financial advice.
Potential Trade Setup for GME retracement - GameStopIf Gamestop retraces from the Thursday high, and comes back in to the golden Zone, one could try to get in for another push.
Stop below 100$
Hope you enjoyed your gains as notified, prepare for more!I predict the stock. I know the stock. I’m 8-Ball for stock :)
I’ve been watching this stock for 17 months. Almost every. Single.. day..
I can say a few things… I confidently understand algos being used. I confidently understand MOASS is tomorrow. I confidently understand apes are unmatched. I confidently understand we can buy more each day and it will still be a good price no matter how many digits..
No cell. No sell.
DRS DRS DRS.
Follow me for more GME posts, to the moon gentlemen. I’m proud to be sharing knowledge on my favorite stock in existence and I can’t wait til we are all as rich as they are, without cheating.
APES FOR THE MOTHERLANDDDDD!!!!
DRS DRS DRS
Check out all of my other ideas for consistently accurate GME price prediction as well as theories and discussions.
LINK TO LAST POST I NAILED 110%
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Still one of the best stocks to shortLast time this stock did a boom and bust in 2008 it took the rsi to 40 until we started to bottom. But this time it's even more extreme, i think this stock has to see at least 50 usd per share before it can recover. But even then i wouldn't buy, it's a pretty shitty stock.
GME_decent spread GME stop has some room to run before it's next quarter earnings which are the last quarter of 2021 looks favorable and even though it has shot up it could still get a big ROI and could squeeze in 20 percent or more unless it catches this 60fib....
GME on horizon and delivering as predicted.GME delivered as expected (pink path).
I expect price to fall to the area of the order block created (red circle) at the increase pause (originated by the previous gap).
From there it will bounce to take previous relative equal highs (~$159, orange line) and may reach as high as ~$173.
Price WILL NOT EXCEED $200 before earnings.
Trade safe.
Good to Know
If you are in a truly bullish trend as we see on the chart and you see a candle with a long wick and a small body accompanied by a large volume especially, it means that the sellers are trying to repel the buyers. Therefore, we will have a high probability of a trend reversal. thank you for your attention.
AnalysisAttention on GME as you see on the chart after an uptrend we see a squeeze so we must remain vigilant because there is a high probability of the trend falling. thanks.
GME short "Next W Trades"Fake breakout. WIll be making new lows next week.
"Next W Trades"
"Next W Trades"
"Next W Trades"
50RSI 20SMA Today a 30% move was made to the 20MA. It also crossed over the 50RSI making the setup very bullish for tomorrow 5/26/2022
GME for the 1 thousandth timeyes I know... "yOu hVe tYpeD tHis cHaRt uP a MIllIOn tImeS" I understand that you don't like or appreciate my bias shill-holes, But yet I agree that you are entitled to your opinion.
- I am continuing to hold and buy more every damn chance i get.
- I understand that you think its a waste of time, but yet your are so keen on commenting on this instead of going on and working on your Big ego personality.... a little sus to me man
- This thing imo will blow eventually and i don't really care if it takes another year, or two, or three, or 10. f off im gonna hold.
- oh and yes stock split/dividend will change the game and if you don't think so you're dumb sorry just what i think.
- I like the stonk, banana planet is near..
GME short Looks like the long trade will fail.
Messy range. Big huge spike above the last base. Hyper parabolic day. All warnings I tend to see in false breaks. GME can extend to 161 fib of range if spiking lower. Which would fully complete the GME forecast to 50 made some time when it was 350 or so in 2021.
GME_60fib possibleNice spread for GME if it reverts to the mean and hits the 60 fib but will meet resistance at 130 and 150ish if it goes long....
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.
Gamestop we sell in short term,weakness buyers and we notice the desire of the continuation of selles tendancy.
Gamestop - Double Bottom (50% move!!)After the news of GME launching a wallet, we have seen a major move up. After finding a low around our key $78 level, support came in strong. This has created a potential double bottom that could send us all the way back to our red trendline! We can see this red trend line is very key as we have found many of our rallies stall out at that level.
