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GAMESTOP CORPORATION

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GME trade ideas

$GME moon ready. Time to join the WSB degens in buysKey Stats: Market Cap: $5.2B P/E Ratio: 25.6 (yeah, that’s rich for retail) Free Cash Flow: $350M Next Earnings Date: December 2024 (this could be the hype catalyst) Short Interest: ~18% Top 3 Technical Reasons for Bullishness: 1️⃣ GME just broke out above its 200-day moving average. 2️⃣ Bullish divergence on the RSI as buyers sneak back in, flexing on oversold bears. 3️⃣ Volume profile shows strong support meaning this floor is solid. Top 3 Fundamental Reasons for Bullishness: 1️⃣ GME’s pivot to e-commerce is finally gaining traction—revenue growth at 10% YoY suggests the meme dreams are alive. 2️⃣ Recent insider buying: execs seem to think this is going places. 3️⃣ Console cycle tailwind: With PS5 and Xbox sales rising, their refurbished game model looks golden. Potential Paths to Profit: 1️⃣ Lowest Risk: Buy shares at current levels and HODL. Target price: $120. 2️⃣ Moderate Risk: Jan 2025 $70 calls ($5–6 premium)—reasonable time for the hype to play out. 3️⃣ High Risk/High Reward: Buy deep OTM $100 calls for July 2025. Cheap lotto tickets. Disclaimer: We are not a brokerage or investment firm. We do not offer financial advice or investment advice and/or signals. This is not certified financial education. We offer access to the daily thought process of an individual and his experiences. We do not offer refunds. All sales are final.
NYSE:GMELong
by ChartVZN
$GME - Interesting signals for a while nowBeen getting interesting signals on GME for the past couple of months with it deciding it wants to do something, then changing its mind and repating this a few times before it decided to actually act upon it. Luckilly i was able to catch this latest gradual run to $29.5 from $22 thanks to the signal in my data. I decided not to announce this little run so i could actually make money off it without me skewing my own trade by telling you CC selling folk what would happen. I already ruined plenty of runs by telling you guys about em. This time though i'm pretty benevolent and feeling like ruining one more run and so here's the juice: Now i'm seeing a pretty massive signal ahead of GME's earnings. One of the biggest i've seen, maybe the biggest. My take on this which can be a bit wrong is like this: 1) Earnings dumps GME as usual 2) Small period of consolidation 3) Goes up massively and GameStop announces something to ride the wave Wont be giving out more information or charts as to not spoil all the beans. Good luck to both sides. Not gonna be joining this one at least for now.
NYSE:GMELong
by leenixusu
3
GME - Average Stock Price Guess for this weakPrice Target: 11/26 = 30.76-31.17 11/27 = 32.40 - 33.75 or alternative 2 (relax) = 29.90-30.80 11/28 = holiday 11/29 = squeeze past 33 or even to 36 Volume is increasing as we get higher which isa great sign, we had huge volume on the break of 30 giving us more bullish signals. In addition, the selling has been relatively low volume. Call premiums are skewed bullish, so I imagine that we will see consolidation and either a gap up or huge influx of volume. Given this special weak, we could see the surge tomorrow, or we could see consolidation tomorrow, then a ssurge thursday and then flat trading on friday.
NYSE:GMELong
by TradingWithAli
GME 1h Bull Flag and Indicators Strong BuyJust a small update on GME. My indicator built on Ichimoku flagged a strong buy (SB) and super strong buy (SSB) on the 1h timeframe yesterday morning, indicating bullish momentum. Yesterday's price action was in my opinion due to the hard resistance at $29.83 and kind of expected. On top of my Ichimoku Trend indicator daily lagging EMA indicators show pretty strong support at around $27.80 and a (pretty clean) bull flag has shown itself yesterday on the 1h timeframe as well, bottoming at around $27.50/60. I'd expect GME to potentially test the lows of this bull flag, but price action should be positive today/monday and test again the very hard resistance at $29.83.
NYSE:GMELong
by DoriTradesIt
1
GME finally !!!!!So far, GameStop has actually been performing pretty decently over the last month. It has been consolidating in symmetrical triangle since it’s been back to this $22-$26 range. It finally broke out of that consolidation and broke above the 26.40 resistance. After months of consolidation, it looks to me like we created an inverse head and shoulders pattern and have broken above the neck line and we’re currently confirming the neck line as support. If we look at the retracement fibs from the recent bottom of this consolidation to the old all-time high, this will give us clear levels that will potentially act as resistance for GME on the way back up. The first resistance we can see will be the 34 Dollar area. The measured move The inverse head and shoulders pattern, which is measured by the size of the head, gives us an overall target of43.25. I am positioning myself as of today Into GameStop, looking to target that 4325 area. As long as we remain above the neckline of the inverse head and shoulders, and we do not start closing daily candles below and opening candles below that neck line this trade will continue to be valid. Good luck everyone this is just what I am doing, join if you’d like but at your own risk!!
NYSE:GMELong
by Erictaylor
Where's GameStop Headed? Is there a future?Will the future revolution be tokenized? Is this a dying retail company headed for certain doom? Seems Ryan Cohen has managed to turn around this company and the launch of GameStop NFT Marketplace trademarked under: "GMerica" The company is also now debt free and C is finding ways to take care of employees as well as bring value to GME How does the market feel about NFT? NFT - "Non-Fungible Token" which are unique digital identifier that cannot be copied, substituted or subdivided. Everything is recorded on blockchain used to certify ownership and authenticity. - Transferable proof of ownership. Potential Applications: - Art -Games -Music -Apps -Movies -Books -Tickets -Stocks - Potential to fix problems with Wallstreet. Can future trading be done on blockchain? -Authentication -Counterfeit protection -Asset titles - Loans/Mortgages - 100% verified ballot voting Let's take a look at the Elliott Wave Analysis: Have you DRS'd?
NYSE:GME
by Azzzz
12
Are you ready for a short squeeze???We have a HS bottom pattern on the daily we are above the 200 ema and we have a golden cross (100 and 50 crosses above the 200 indicating a trend) RSI is on overbought indicating the momentum increasing. after the consolidation of shorts its time to squeeze them. The .618 fibs can help calculating the targets along with the conventional calculation of the pattern With the minimum target of 0.786 beware trading patterns with scammy stocks such as GME not a financial advice!
NYSE:GMELong
by Captainobvious5454
Updated Ascending Triangle!I wanted to update everyone following the TA on GME. It looks like yesterday's sideways movement has widened the Ascending Triangle on the 1-hour chart, which was expected due to the Cup & Handle formation on the daily chart. This sideways movement has now set up the handle on the daily chart and makes for a much larger breakout than anticipated. Here's the latest development: Along with the widening of the hourly Ascending Triangle, the 4-hour pennant breakout has now formed a second small pennant, which also makes up the handle for the Cup on the daily chart. Additionally, GME is still in the middle of a Bull Flag breakout on the Weekly chart, on top of a Golden Cross! Here's the current breakdown: 1-hour chart: Ascending Triangle 4-hour chart: (New)Bull Pennant Daily chart: Cup & Handle Weekly chart: Bull Flag + Golden Cross I've never seen a setup quite like this before. The breakout across all timeframes is going to be something special for sure. I'm just counting down the days until these patterns breakout across all timeframes. For those following this for the first time, here's some exciting historical context: The last time GME had a Golden Cross on the weekly chart was back in January 2021, and GME saw a 12,000% move in just 183 trading days. Don't blink—we are right around the corner from history in the making! ✌️
NYSE:GMELong
by impossiblebull
1
MOASS: WC: 26.59 Target: 1800-2400 MOASS: 47k-100KTLDR: -Technical Analysis works -Trading on hoping and holding will most likely cause you to lose a lot of money -Reddit/Social Media and the whole "TA doesnt work on GME" is a problem for the GME community and most of the of people who think like that are not going to make near what they could if they actually understood TA -Nothing special about the 28 level other than it coincides with the VWAP off the April runup -MOASS has been ongoing since 2020 and never stopped -WE CARE AND WANT YOU TO BE SUCCESSFUL -THE GME STORY AND COMMUNITY IS SPECIAL
NYSE:GMELong
by Heartbeat_Trading
22
Textbook Ascending Triangle on the 1 hour!🚀 GME Market Update 🚀 We are excited to announce that GME has now formed a textbook Ascending Triangle on the 1-hour timeframe. We are officially locked and loaded. From the 15-minute chart up to the weekly chart, this setup is exceptionally rare. The anticipated breakout across all timeframes promises to be something remarkable. Here's a detailed breakdown: 15-minute chart: Ascending Triangle 1-hour chart: Ascending Triangle 4-hour chart: Bull Pennant Daily chart: Cup & Handle Weekly chart: Golden Cross Such a comprehensive alignment of bullish patterns is extraordinary. Prepare for a significant movement in GME.
NYSE:GMELong
by impossiblebull
5