it's comingoh lawd you know it's coming. monthly chart, please zoom out and in. yellow trendline is a bullish channel. red channels are bearish. blue is thee ultimate channel that the stock has mostly traded in since in 2002. 2002. MOASS.
GME trade ideas
analysis GME-uptrendOn GME we have a big probability of an uptrend because as you see on the chart we have a breakout with force the vwap indicator by a big candle with a large volume.thanks.
Elliott Wave Intraday Analysis: GME Is Looking HigherHello traders and investors!
Today we will talk about short-term intraday GME structure in which we see pretty nice and clean bullish setup formation, at least for a three-wave (A)-(B)-(C) rally away from the lows.
As you can see GME made sharp and impulsive rally in March that belongs to first leg (A). In Elliott wave theory, after every five waves, we can expect a three-wave pullback before a trend continuation. So, currently we are tracking an A-B-C corrective setback within wave (B) that can be slowly approaching the end, as we see it moving in final stages of wave C of (B). Ideal support in Elliott wave theory is at the former wave 4 and golden 61,8% Fibonacci retracement which comes around 125 level, so final subwave "v" of C can be still missing.
What we want to say is that we should be ready for more gains within wave (C), but ideally once current wave (B) correction fully unfolds. Of course, there's a chance for bigger or more complex wave (B) correction, but the count remains valid as long as it's above 77 invalidation level.
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GME last call. Short Unfortunately for holders, GME will continue to decline to these supports. Till it is locked in this triangle, there is no chance for upward move.
GME Fib Levels and Gap. Nothing Has changed Like I told you,
Like I said,
Steal your face right off your head.
- He's Gone
Look at them Levels Hit. Read my past TA. Nothing has Really changed. Looking at it through a 3 hour view.
We touched the 1.61 in my short term fib levels. If we drop below this I am expecting a Gap fill @ $125. Possible bottom arround $112 to swing back up. Fib Traders like swinging between the .38 and .61
Become Bull closing over 163.
Still looking at a down side in the short/ mid term, or at least until June when the vote to split goes through.
Let me know your thoughts.
GME on the reboundThe meme stock still feeling vibrations from its huge bull run last year. Looks like it may be on a bearish trend that could reverse if the pennant holds true. If the stock breaks the formation to the upside, expect it to run up to the top trend line between $160-180.
RSI is not showing signs of Divergence so on the other hand, GME may continue down and test the $80-90 range support
GME EWT (1d) (April 2022)Gamestop Corporation (April 2022)
Just another update, hopefully this chart is a bit cleaner than last. I believe gamestop can crash to at most, $38 before making a wave higher again, although $20 ranges sound reasonable as well.
Tradingview has broken the fractal scaling in any of my charts older than April 2022, but I'm still going to attach the ideas that led up to this one below, some just might look broken when loaded as an interactive chart but the thumbnails should show the general idea.
My elliott wave analyses could be wrong at any moment , this is practice solely for educational purposes. Please do your own research as always!
Previous charts leading up to these conclusions:
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
GME EWT (3d) (April 2022)Gamestop Corporation (April 2022)
Just another update, hopefully this chart is a bit cleaner than last. I believe gamestop can crash to at most, $38 before making a wave higher again, although $20 ranges sound reasonable as well.
Tradingview has broken the fractal scaling in any of my charts older than April 2022, but I'm still going to attach the ideas that led up to this one below, some just might look broken when loaded as an interactive chart but the thumbnails should show the general idea.
My elliott wave analyses could be wrong at any moment , this is practice solely for educational purposes. Please do your own research as always!
Previous charts leading up to these conclusions:
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
GME EWT (1w) (April 2022)Gamestop Corporation (April 2022)
Just another update, hopefully this chart is a bit cleaner than last. I believe gamestop can crash to at most, $38 before making a wave higher again, although $20 ranges sound reasonable as well.
Tradingview has broken the fractal scaling in any of my charts older than April 2022, but I'm still going to attach the ideas that led up to this one below, some just might look broken when loaded as an interactive chart but the thumbnails should show the general idea.
My elliott wave analyses could be wrong at any moment , this is practice solely for educational purposes. Please do your own research as always!
Previous charts leading up to these conclusions:
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
bull flag but in down trend and under 200 day moving averagersi over sold, macd crossed and could see a push up to the 200 day moving average. If the spy is dumping than gme is dumping.
Analysis GME uptrendGood morning all! Today on GME we have a big probability of an uptrtend beacuse we have:
- After a downtrend if you see a candle with a small body and a long wick it's mean that we will have an uptrend
- We have also a breakout of the vwap indicator and the resistance line.
Summary on GME reversal trend (downtrend)On GME we see that the sellers have reppelled the buyers with the squeeze that we see on the chart and in addition we have a big candle which broke with force the vwap indicator with a large volume so the market has gone down.thanks.
Analysis on GMEGood morning all! Today on GME we have a good probability of an uptrend because first of all we are in downtrend and we see the little candles with a big body it's mean that the buyers are trying to get the upper hand over sellers. The proof is that we have the breakout of the resistance line by a large volume. On this chart the resistance line is very importante than support line.
Summary on GMEOn GME we can say that the sellers have taken over the buyers because:
- Squeeze with a large volume
- Breakout of the fisrt support line by a big candle with a large volume and vwap also.
- Breakout of the second support line by a big candle with a large volume.
Thanks.
analysis GMEOn GME after a breakout of two supports lines we think that we will have a big probability of a downtrend. So you can see the differents elements of our selling on the chart.thanks
Parabola Pitchfork - almost timeGME is a Buy over 150, expecting explosive pop as soon as it runs back over 150 could be today or tomorrow.
I haven't used the BBand/MFI/Vortex Indicator combo in a while but it works well for GME.
-Initial/intermediate target 196 (could run into some resistance there and drop back down to support in the 130s one last time before pop to 200s so watch that level close
- Target 223 by early May , they want to take it to the sky before they ultimately drop it so it could continue past 223 to some crazy levels... but that is speculation.. the mat/chart says 223 near-term
If you want to be slightly more conservative and enter later with confirmation watch for the VI to cross green over red, but by that time it will be higher than it is right now. I like entry above 150 because that is the intraday equilibrium level where supply = demand and it has the periodicity to pop on the next time it gets over 150.
Not Financial Advice.
Bless you all
~The Alpinist
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
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summary on GMEOn GME today we didn't have a real trend as you see on the chart. we were in a trading range situation and also the volumes were not too big. thanks.
reversal trend We have a reversal trend after a breakout of the resistance line and the vwap indicator by a big candle with force.
Pullback and spring effectAs you see on the chart we have a pullback and a good spring effect on the vwap indicator so it's means that the sellers pushed buyers away.
analysis GMEOn GME today as you see on the chart we have a breakout of the vwap indicator with force by a big candle with a large volume also we have a squeeze it's mean that we have a big probability of downtrend.
4 Scenarios for $GME#1: Run highs by mid may @ 200
#2: Reject 160, fill gap and hold support @ 135 by mid may
#3: Reject 160, fill gap and hold support @ 115 by mid may
#4: Dump prior to 160, fill gap and hold support @ 104 by mid may
Just my thoughts on where we go from here
GME - Break-out and Back-testGME appears to have successfully broken out of the long-term downtrend and also successfully back-tested this break-out. Looking for higher high on this run, surpassing the late March high of ~$200.
Sorry for the busy nature of the posted chart, but trying to show several previous break-outs and back-test - going back to late Jan 21 as examples. As you can see on the chart MOST of the break-outs and back-test have resulted in fairly significant upside moves. Also included are some failed break-outs and failed back-test.
The recent break-out has back tested the long-term trendline 5 times and held, bouncing up sharply (+7%) today. This also included a successful back-test of the smaller triangle break-out from the recent downturn off the high in late March. This break-out of a very long-term channel, successfully tested 5 times, is very bullish near term IMO.
Added long $165 strike calls w/ Apr 29th exp.
Not financial advice.
