MOASS: WC: 32.31 Target: 1800-2400 MOASS: 47k-100KTLDR
It's all about PRESSURE & TIME
:)
MOASS Peak: 06/09
GME trade ideas
Rielly GME correlation to 2021 squeezedates marked significant days leading up to potential squeeze 2024 going into 2025 where they are very similary to 2021
GameStop (GME) Can We Jump Over $33 to Reach New Heights?Hey there, trading family! Get ready for an exciting journey with GameStop (GME) stock! Right now, GME is like a video game character trying to jump over a big obstacle at $33. If it makes this jump, wow, we might see it zoom up to play between $36.50 and $37.50! It's like reaching a new level in your favorite game.
But here's the catch: if GME doesn't make it over $33, it's like falling back to the start of the level, or in this case, dropping back down to hang out between $25 and $27. We'll look at cool charts and listen to what other gamers (I mean, traders!) are saying about GME to help us guess what might happen next. Will GME soar like a high score, or will we have to retry the level?
If you found this post useful share, like or tell me your thoughts would love to hear them.
Kris/ Mindbloome Exchange
Trade What You See
Multi-Week Trendline Showing Strong Support
Look at this sexy chart. All of December GME has been hanging out in this upward channel. The bottom line has acted as support not 2 or 3 times, but EIGHT freakin times. Today was critical in my opinion if the trendline was going to remain strong, especially on a Friday given that max pain was sitting under the line at $30.
RSI has also had a support line around 50. We have bounced off that line yet again. Hopefully soon this is the last one.
Another thing to note is OBV which has been steadily climbing indicating that any pullback is just a distribution period before another leg up.
In my opinion, next week we should see GME test the top of that trendline around $40. If it rejects we may see it come down to test the trend line again around $33 or $34. But if it breaks, we could see this puppy FLY to the Fibonacci extension from the May squeeze. We would match that squeeze at $64.98 while the next (log) line is at $205!!
Lets get it!
GME - predictions/possible movementsBased off of projection models of previous years, I believe that a break out depending on when it occurs in the next few months would dictate how high GME could go. However, we would need to remain above the EMA/MA lines indefinetley as well as above the cloud support areas. Movement or price falling below those levels may show weaker signs of buying strength and a further drop to the downside or previous monthly trend line area.
MOASS: WC: 31.65 Target: 1800-2400 MOASS: 47k-100KTLDR
SYNERGY SYNERGY SYNERGY
SPX will continue its rise and temporarily top between 6050-6099
That will coincide with GME's rise to 35-40
SPX will then decline to 5600ish
That will coincide with GME's decline to the BOOM region near the Oct 23rd VWAP
SPX will then start a parabolic like climb to 6300-6400 area
That will coincide with MOASS
Textbook Cup and Handle; LONGShort term Target $33.33 long term target $60 to $120. A Pull back into a Break down is still possible to 29.50, but Im still Bullish as of now, if we didn't hold $30 this week it would have been bad I think but due to recent developments, I feel confident in this play still. Long
GME Update with my Strategy Code —- > THIS IS NOT A FINANCIAL ADVICES <——
Hi everyone, in the past months I have just finished my strategy code and now I do some testing with a great trading tool ( Trading View ).
The strategy until today did not give the signal to sell in GME, in fact and seams this stock going to the moon. We can see from the graph there is a high volume between 20$-30$ with high high resistance in 31$ like what we saw last night the drop from 31$ to 28$, let us see in the coming weeks maybe days…
Thank you
MOASS: WC: 32.20 Target: 1800-2400 MOASS: 47k-100KTLDR:
35-40 Region is next
Significant retracement will follow that will take us back down to 28-30ish
VWAPS and VPOCs will ultimately provide support
100% move coming in Jan
Emoji timeline is legit IMHO
The Cat is signaling to Inauguration and End of April
FIb TIme Axis agrees with suspected emoji timeline
Swaps are a big component of the short play
Swaps will AGAIN be used to resolve MOASS and this will play out AGAIN in 3-4 years
$GME The Storm TM PatternI think GameStop's stock is about to break out of this consolidation pattern.
I'm seeing an ascending wedge, indicating that accumulation is taking place, and I expect a markup phase to begin this week.
Raid time in 4 minutes.
GME LONGI do not have a "reason" for the move - quite simply this is a technical structure which has been showing price activity month over month for a while now and you can see this massive falling wedge structure on the weekly and monthly which just broke out recently and formed a new smaller pennant that it is currently in.
On this is quite simple - this is a stock that gains momentum easily and can do 100% moves very easily. I will watch for the breach of $35 which will lead to a move to 88-90.
Watching this pennant for a break for a test of 35 - followed by the decision of a breakout or a fail at that spot.
GME GameStop Among My Top 10 Picks for 2025 | Price TargetIf you haven`t bought GME before the previous breakout:
My price target for GME in 2025 is $43, driven by the following fundamental factors:
Transformation into a Digital Retailer:
GameStop is actively transitioning from a traditional brick-and-mortar retailer to a digital-first company. This strategic pivot includes enhancing its e-commerce platform and investing in digital gaming, which are essential for capturing the growing online gaming market. As consumers increasingly shift towards digital purchases, GameStop's ability to adapt and innovate positions it to benefit from this trend, potentially driving significant revenue growth in the coming years.
Financial Recovery and Profitability Focus:
After a challenging period, GameStop is on a path toward profitability. Analysts predict that the company will earn approximately $0.08 per share in the fiscal year ending January 2025, reflecting a positive trend in its financial performance. The company's focus on reducing excess costs and improving operational efficiencies will further enhance its bottom line. As profitability improves, investor confidence is likely to increase, supporting higher stock valuations.
Strong Market Sentiment and Stock Performance:
GameStop has demonstrated remarkable stock performance over the past year, with a return of over 110%, significantly outperforming major indices 1. This momentum has created positive market sentiment around GME, which could attract more investors looking for growth opportunities. The current trading price around $26.84 suggests that there is room for appreciation as the company continues to execute its strategic initiatives.
Strategic Partnerships and Collaborations:
GameStop's collaborations with various technology partners are opening new avenues for growth. These partnerships are aimed at enhancing customer experience and expanding product offerings, particularly in the pre-owned game category where GameStop has unique refurbishment capabilities. By leveraging these strengths, GameStop can cater to niche segments of the gaming market, further solidifying its competitive position.
GME - GRAND FINALEYou can never truly understand a chart until you zoom out to the beginning and read the story the price action wrote over the years
This multidecade tug of war is about to come to an end
GME: Skeptical of zealous predictions that fail to materializePatience is the virtue most valuable to me in the world of trading. To me, patience means not only plan the trade, trade the plan, but more deeply, NO REGRETS. If I miss out, SO WHAT? It was not my pitch, and in the markets, THERE ARE ALWAYS OTHER OPPORTUNITIES, on a daily, if not hourly basis.
I have watched more "MOASS" predictions fail over the past few years than any of their respective authors would like to admit. Trader after trader steps up and says, ITS GONNA EXPLODE at this price, at this time, when this happens, or if that does not...but 99.9% of these predictions are nothing but filler and sensationalism. What I wonder...where is the sauce? Where is the technical tip off that indicates a high probability that the DESIRED or HALLUCINATED price action should take place? The answer is typically, it simply does not exist at the time of the publications.
For context and as to my business here, earlier this year, February/March, upon completion of my mentorship, I decided to make price predictions of GME my sort of Thesis, if you will, to see whether what I had learned about Elliot Wave, Fibonacci, and MACD strength indications had been a waste of time. Early March 2024, upon review of the EW pattern, I called for sustained downward pressure into early May. At the very end of April, about 8 weeks later, while doing my routine weekly charting, I noticed I had run out of wave magnitude. I checked my count and price levels against MACD, and lo and behold, we appeared to have struck a bottom. I made another post stating that we had arrived a little early but that the initial downside corrective had completed. Within 2-3 weeks, GME traded at $80/share. All I had done was apply what I had learned over the preceding year and exercise patience with price.
What I am posting to say here is, I SEE NO INDICATION THAT PRICE SHOULD EXPLODE UPWARD, AND SEE PLENTY OF REASON TO SAY THAT WE NEED MORE SIGNIFICANT DIVERGENCE ON THE BOTTOM END TO EVEN BEGIN TO ANTICIPATE ANY SUCH EXPLOSION. I will add, that all I believe the last run amounted to was part of a corrective, and do not believe it represents the beginning of anything, rather, perhaps, the very middle of this saga.
The tools I mentioned above are the basic trading tools and concepts I have used to make this statement. BUT primarily, of all the tools which I mentioned or which may be depicted in my chart, PATIENCE is the tool I value mostly. If you know what you are doing, and practice with the tools you profess to use to make a living, when it comes to bottoms (or tops for that matter) you will know them when you see them. PATIENCE is necessary in all applications of the tools I describe and ultimately, the most important tool any trader can possess. In that vein, the old saying goes, Discretion is the better part of valor (not courage, or stupidity, to run out on no man's land, pots a clanging with tent sticks falling out of your back pack, acting like you'll win the war in a moment).
Best,
Cuz
GME 8/23/2022GME
Why hasn’t #Wallstreetbets save their fanboys?
GME Weekly chart analysis
Let’s compare 2021 vs 2022
Pretty clear and straight forward.
2021
Two green weeks mid Jan.’21 sent price flying from 9.75 to high of about 120.65.
Since then, GME has done nothing but make a series of Lower Highs into Support area @ 37.95-45.55.
These Lower highs into support area displayed the weak buyer pressure by bulls. A bearish Descending Triangle was formed.
After 10 months of failing to break a high, in Nov.’21 Bulls did the unexpected and “broke out” of the Triangle looking to continue the previous up-move.
This “Breakout” was short lived as the pressure from the sellers overwhelmed the buyers. Price was shot back down below Triangle breakout point. The “breakout” move was deemed a “False breakout/Price rejection”.
In Dec.’21, the false breakout was followed by price breaking down below Support area @ 37.95-45.55 and the 50 ema. This is the 1st time since Aug.’20 that price falls below and lost Support of 50ema.
All of 2021 was spent by the Bulls/Buyers trying to fight off the Bear/seller pressure and trying to stay above Support area @ 37.95-45.55 and the 50 ema.
They were systematically broken down and eventually overwhelmed and conquer by the Bears/Sellers.
2022
After breaking down from Support area @ 37.95-45.55 and the 50 ema, by end of Jan.’22 price made a Lower Low and found new Support @ 22.20.
From Support @ 22.20, price bounced are looked to break back above Support area @ 37.95-45.55 and the 50 ema.
Price failed to stay above previous Support and was rejected back down to 22.20. Support area @ 37.95-45.55 and the 50 ema were turned into Resistance area/level.
Price bounced one move time from Support @ 22.20 to Support turned Resistance area @ 37.95-45.55. We have a Price rejection pattern here. This is cue to enter trade short.
The Bulls/Buyers have spent all of 2022 moving sideways between new Lower Low/Support level @ 22.20 and previous Support turned Resistance area @ 37.95-45.55 and the 50ema.
After a hot 2 weeks in Jan.’21 that saw price fly from 9.75 to 120.65, GME has now spent 81weeks moving side-ways with the Bears/sellers systematically breaking down the Bulls/Buyers.
Now with the 2nd price rejection @ Resistance area @ 37.95-45.55 and the 50ema, Bears will look to move price back down to Support @ 22.20 and then breakdown to Support area @ 9.75.
Why hasn’t #Wallstreetbets put their powers together again and save the bleeding out GME bag holding fanboys still talking about “going to the moon”?
Sad to see them let the fanboys over @ AMC get cooked earlier this week.
With extreme bear conditions and price siting at “area of value”, I will be entering trade short.
Short term trade
Entry: 33.53
Stop loss: 22.20(-22.98%)
Target: 22.20, +33.93%, +1.48 RR ratio
Long term trade
Entry: 33.53
Stop loss: 52.50(-56.76%)
Target: 10.00, +70.14%, +1.24 RR ratio
MOASS: WC: 29.82 Target: 1800-2400 MOASS: 47k-100KTLDR:
Santa Baby!
Price is going to rally starting next week
Wave 5 of a larger degree wave 1 will complete by year end/1st week in Jan
Retracement will be last chance to get price at these levels
Price is fractal and is rhyming in structure
Happy Holidays!
GME - The cat is gone, the mice try to keep the party goingDoing a technical analysis of NYSE:GME might seem idiotic and pointless. We all know price is ruled by Reddits and social media posts. It used to have its moments due to a kitten, with insane movements. The kitten has fled, and the Reddits still claiming this is the best company ever do not have the power to keep the stock up. Management has proven several times they do not care about shareholders, instead they see them as a tool. They have taken advantage of shareholders more than once, and they will again.
Price is now in a kind of limbo, wedge pattern. This will not last. The company has a full bank account, but has not shown or communicated anything about any potential investments. In fact, they have shown signs of trying to save the obsolete business of yesterday by closing some stores. I am fully aware that something must be going on behind the scenes, but it has been a story for some time. NYSE:GME still has the right to issue/sell more a lot of shares, and given their history of totally ignoring and abusing their shareholders, I expect another dilution of shareholders. Continued no news, reduced interest, no hope of the kitten rescue, lower highs on the chart, I feel the lower channel band will be broken and we face the support around $15, then $10. Without RK, and a non-communicating RC there is no case.
Ascending triangle on the 30-minute chart converging on 01/09.In Roaring Kitty's 'Time You Cover'-tweet, the date 01/09 is prominently displayed. Now, I’ve identified an ascending triangle on the 30-minute chart that converges on the exact same date, 01/09. Whether this is a coincidence or something more, only time will tell.
This demand level may be the last stop for GMEI recently seen an article about Game Stop being at its lowest level of the year so i decided to glance at the technicals. From a Technical standpoint it looks pretty good. Here are a few reasons why i think this:
1) Price is approaching a nicely unmitigated demand zone.
2) The demand zone created a great deal of imbalance
3) There is liquidity above the demand zone.
4) There is divergence playing out.
When price approaches the demand i may look for some calls depending on how momentum shifts on the lower time frams.
Bullish on GMEI was anticipating a nicer looking cup and handle patter here, regardless the direction looks like it wants to be bullish. Nice meaningful higher lows and a break out of a triangle is telling me there's a lot to be optimistic about. Meme stock filled with hopium aside, the chart really looks promising.
GME Next Stop The Moon!!!Needs to break above $32. RSI is still strong above 50 level. Profit target $40 and beyond!!!
$GME is Bullish and targeting $65NYSE:GME has broken out of the $20-$25 range with strong momentum and a rounded bottom on the range. A move above $31 will send this to $48 very swiftly. Ill be updating as the days go
