Gap down, gmeGme setting up for a gap down as long as it continues showing rejection around the 26.50 range. This gap would fill the opening around the 25-24.50 range
GME trade ideas
Buy high sell even higherContinuing my earlier idea we are hanging around the same levels and we are not falling down
countless attempts and 6 bad highs
big money is accumulating and the volume shall follow up soon enough..
Like earlier moves, it is important to ride the wave up and take profit fast enough..
my targets are still:
80 minimum
130 my realist
but i intend to ride the wave to 260 if needs be.
Big upside soon soonwow very similar very cool i like it.
Pattern very similar to breakout on previous run up with increase in volume leading towards what is hopefully a meaningful gap.
Big reward vs little risk in Gamestop $GME right nowI think that the downside is capped around $19 because of their 4.1 billion in cash position.
Mega upside, coiling up. Look for $40 and $60 as major catalysts.
Roaring kitty is lurking but hasn't spoken yet.
$GME Next Leg up?Nearly nailed the bottom for GME here, and now expecting a move to $40-$41, where we will be waiting to fill a bag of shorts. Nothing fancy here, even the Roaring Kitty noise we are still moving level to level.
Adding to longs here.
This time risk is much higher Ell last entry on gme was after few years of coiling up. Now we hope for secondary earthquake. Higher risk and lower reward but let's ape in. Half the regular risk i normally play also due tu possible gaps.
GME Breakout 07/09/2024Technical Analysis Short Summary:
Analyzing NYSE:GME on the 1D time frame and cannot help notice how tight this chart is getting inside of this macro trend on the Daily.
As you can see, since May of this year, NYSE:GME has been trading in this specific range. You will notice that any time it breaks this trend with relative strength it seems to make a parabolic move to the upside, while holding that bottom trend perfectly since the first breakout at the beggining of the month of May. There isnt much time left for this stock to consolidate in this range so I predict there is going to be another massive volume spike any day now.
Some bullish factors to take account of specifically would be:
1. the stock is trading above the 200sma on the Daily timeframe as well as the Monthly time frame.
2. The ADR % is currently at 16.58 at the time of this post.
3. Getting tighter within the range and has to pick a direction soon.
4. IF it can break 26.64 with relative strength on the weekly frame then that too will be above the 200sma which we can see a. massive move from.
5. Volume dying down while price is trading sideways.
6. I like the stock
In short I would watch for a strong break of 26.64 for longs, and 23.11 for shorts. As always be safe! NFA.
INverted GME7824Inverted GME is probably the most bearish looking chart i've ever seen. If you are getting bored or want to sell it for another high flyer. I cant give financial advice. BUt I think you should have a position in it, THat you dont care what it does. Goes to zero? cool. Goes to 2k. Ok cool. Take some profits. BUt im telling you guys this really does look like wave 1 and 2 are complete. and we are starting our most aggressive and impulse 3rd leg up. Keep a position of spot.. I think if this does what I'm thinking it can do. it will be one of the most impressive crack ups in stock history.
Where I think $GME is headingThis is not financial advice. I've been following the stock for a while now. After Roaring Kitty posted the American flag emojis following the dog emoji (which I believe hints at the July 4th weekend), he then posted the microphone and eyes emojis. It seems like he might reveal something soon. Regardless of Roaring Kitty's actions, GME is looking strong on its own.
Short set up to Bankruptcy Imho, the hedge funds will win. So I'm swimming with the sharks. On the monthly charts, 6month monthly to be exact. I can mfi, AD showing a future Bankruptcy. This is a risk trade. I'm in early. You can also see a bullish cypher. Price actions need to close above 24. If 24 is lost, look for 17.50 and short then with a break of 17.50.. this is not a quick play. Shorting will be continously, but ultimately game stop will fail imho.
Game stop Short Term scalping / intraday analysis Get Rich or die trying Period. Short Term scalping / intraday analysis
GME + Another Live?In the Fibonacci retracement indicator, using the 0.382 level as resistance and the 0.236 level as support has specific implications:
0.382 Level as Resistance: When the price approaches the 0.382 Fibonacci retracement level from below, it often acts as a barrier that prevents the price from rising further. Traders view this level as a potential selling point where the price might reverse downwards. If the price repeatedly fails to break above this level, it confirms its role as a strong resistance.
0.236 Level as Support: The 0.236 level is considered a support level when the price is approaching it from above. It acts as a floor that prevents the price from falling further. Traders might look at this level as a buying opportunity, expecting the price to bounce back up. If the price holds above this level multiple times, it reinforces its status as a strong support.
Green or Red Dildo Party? 😂😂😂😂
Game Stop analysis (scalping intraday positions )Nice head and shoulders Pattern at 24.75 for a scalping or For a better intraday positions
8.5 billion usd in shorts is8.5 billion usd in demand
short squeeze is launching for another impulse wave up dont get caught lacking
price is above the 200 ema in various charts showing increasing bullish momentoum
we have already saw 2 attempts to breakthrough these 100 usd levels another attempt is likely.
GME CRYPTO SMCI NFLX Video UpdatessLearn how to read price!
Learn where the key areas are
Learn good risk reward
Take notes on how FOMO and Euphoria behave, feel, and trade like
Learn what tight tight tight looks and behaves like both up and down
Learn the difference between CORRECTION and REVERSAL!
Shorting is for the elite of elite Navy Seal Snipers!
GAMESTOP Can it repeat the crazy run of 2020/21?GameStop Corporation (GME) has been consolidating during the past 2 weeks and lately have found support exactly on the 1D MA50 (blue trend-line). Early in May it gave the first signs of breaking above its recent 3-year Bear Cycle. The rise was almost as strong (+520%) as the one that made a temporary high on October 22 2020.
Both formed a 1D Golden Cross. The main support of 2020/2021 was the 1D MA50, so technically as long as it holds (even a marginal break would be ok), the probabilities for a new High remain alive.
Practically the sequence that led to the recent bottom is quite similar to 2019/20. If history keeps repeating itself then we could be looking at a +18630% from the bottom, which price-wise is translated to $1800.
The times are of course different and GME's whole move was based on the 'meme' retail investors crusade against the big hedge funds that were shorting the price. Also those were post-pandemic times with very low interest rates and cheap money that could easily be diverted to extremely risky assets such as GME. Volumes were more easy to be achieved.
Do you think history will be repeated?
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GameStop (GME) more than ten doubled, now it can do it again.Technical Analysis of GameStop Corp. (GME)
When we look at the bigger picture and weekly chart for GameStop Corp. (ticker NYSE: GME) then we now see a very interesting technical picture for the stock.
The share had a wild rise of over 1,000 per cent in less than a year from the end of March 2020 to the end of January 2021 (cf. weekly chart).
GME shares rose from under USD 1.00 to a high of around USD 120.00, before a major correction came down for the stock to a low of around USD 10.00.
Then the share recently had a strong rise again to above USD 50.00, and then fell back somewhat again to today around USD 24.00.
The share now finds good technical support around the USD 24.00 level, and the share has also triggered a strong technical buy signal from breaking up from a large falling wedge consolidation formation (cf. weekly chart here).
Thus, the GameStop stock may now be at a very interesting level to buy the stock at.
According to technical analysis theory, an upswing after breaking up from such large consolidation formations (and as here breaking up from a very large falling wedge consolidation formation for GME) is often expected to have a similar upswing as the upswing that preceded the consolidation formation.
This is marked in the chart here with green dashed lines, and it now indicates a potential for the GME share up to around USD 2,000 - 3,000 in the 9-12 month term.
So GameStop Corp. (GME) may now be at a potentially very favorable level to buy the share at, and the potential could be enormous.
What could change the now very positive technical picture for GameStop stock would be if it were to break down below an important technical support level around USD 14.00.
With today's share price around USD 24.00 and a stop-loss around USD 14.00 and a possible potential for the share around USD 2,500, yes, there is now a good risk-reward here in the share case GameStop (GME).
$GME: Summer rally inbound. Strap in!!!Hello everyone,
I’m back with another analysis. First, a quick nod to Leenixus for the incorrect predictions over the past three years, which unfortunately misled many.
Let’s review some history. During 2020-21, the indicators were overwhelmingly bullish, with hourly, daily, and weekly measures all above the monthly. This setup led to a wild, rollercoaster ride in stock prices.
From 2021 to 2024, the indicators aligned bearishly, resulting in a gradual downtrend. It wasn’t until the hourly and daily crossed above the weekly that prices tested the monthly levels (refer to my previous post for details).
Looking ahead, I anticipate a significant surge in the coming weeks or possibly the next month, should the weekly cross above the monthly. For this bullish cross to materialize, prices must maintain above both the monthly and weekly levels. This transition may not trigger an immediate reaction, but I expect a price movement similar to what we saw from December 2020 to January 2021.
Our price target is derived from a Fibonacci retracement from the high in March 2021 to the low in April 2024. For GME to reach new heights, it will need to overcome resistance in the $30-40 and $60-80 ranges. Breaking above $80 could propel the price to test $120, and beyond that, we might see it soar to $200 or higher.
As always, this is not financial advice . Happy trading!
GME - BULLFirst shot on this Bull has arrived
Here is a prediction for you all given the fact that the movie #Dumb #Money is out.
This has 3 targets and yes it has officially just started. I would expect a drop to 10 with confirmed lower structure for the hold and switch. All relevant structure is applied and you will see what it does at each of the points so feel free to follow along as a demo of my plugin (#UBS).
#GME #BULL
I will add to this as the idea develops... The targets are Time-frame specific likewise the stops...
THE RULE OF THIRDSobserve. the third of april. the third of june. and now, naturally, the third of july. all according to plan.
Gamestop 4R trade potential If we break above 25.46 area we have a good R:R trade potential to 29.47 area
GME Long IdeaGME had a huge breakout earlier in the year after forming a falling wedge for years. It made a double top and hard rejected, which seems quite bearish, but for now I want to look for a long entry if it goes back for a retest of that falling wedge.
$GME - Tight as some hamstrings - We hit ATH, or a snapped ACL?New class action just dropped.
Looking tight on consolidation though.
Consolidated out of bearish into the bullish channel of it's bearish divergence.
Roading kitty attention on CHWY, what does that do for this?
Has the legacy been passed to the apes?
Is he holding both?
He disclosed his CHWY trade, so he'd disclose a GME sale... right?
Waiting for this thing to run up again to get some puts on the way down. You love to hate me for it but we're all playing the same game. Some just play it differently.
No trade advice. I dunno notin
