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GAMESTOP CORPGAMESTOP CORPGAMESTOP CORP

GAMESTOP CORP

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MOASS: WC: 27.99 Target: 1800-2400 MOASS: 47k-100KTLDR: BOOM!!! Volume Point of Control (VPOC) is critical to watch as well VPOC tracks the major waves in the wave cycle and will sit between major waves VPOC and where it sits in relation to price, like VWAP, helps us track the progression of waves Next move will take us to the 35-40 region Price will then retrace back to the 28 region which is where we will see an EXPLOSION IN PRICE That move back to 28 will be your last time, maybe ever, to get GME at anything near these levels The next move after the retracement to 28 takes us to 70 After 70 comes CHEERS EVERYBODY!!!
NYSE:GMELong
by Heartbeat_Trading
22
MOASS: WC: 29.06 Target: 1800-2400 MOASS: 47k-100KTLDR: -RK Emoji timeline and latest tweets align with our consistent prediction that Jan would see explosive price movement -Elliott Wave is our guide -500 area is the next major target area on the way to 1800-2400 -Protect your investment at all costs! -35-40 area is significant and after we reach it we will see a retracement to the 30ish area and then we should head to 75 -That move to 75 is your first clue that 100K is very possible
NYSE:GMELong
by Heartbeat_Trading
33
Inverted Head & Shoulders, Cup & Handle, Bull Flag GME DailyHey, everyone. It's that time again for the latest market update on GME. The charts are buzzing with activity, and we have some exciting developments to share. Currently, we are trading within a substantial Bull Pennant on both the 15-minute and 1-hour charts. This indicates strong consolidation and potential for a significant move upwards. Additionally, we have a Bull Flag on the 4-hour chart, adding to the bullish sentiment. On the daily timeframe, we've formed an impressive Cup & Handle, an Inverse Head & Shoulders, and a Bull Flag for the handle of the cup. These patterns are powerful indicators of potential upward momentum. But that's not all! We are also in the midst of a significant Golden Cross on both the daily and weekly charts. This crossover of moving averages is a strong bullish signal, suggesting that we could be on the verge of a major uptrend. Here’s a detailed technical breakdown: 15-minute chart: Bull Pennant 1-hour chart: Bull Pennant 4-hour chart: Bull Flag Daily chart: Cup & Handle , Inverse Head & Shoulders , and Bull Flag Weekly chart: Bull Flag & Golden Cross For those who are new to these updates, it's worth noting the historical context: The last time GME had a Golden Cross on the weekly chart was back in January 2021. Following that, GME saw an incredible 12,000% run over just 183 trading days. With the return of the Kitty and all systems go across all timeframes, the stage is set for a potentially explosive movement. Stay tuned and be ready for what promises to be an exhilarating ride.
NYSE:GMELong
by impossiblebull
GME heading to $47 after leaving the current corridor of $26-30For GME, there are currently several bullish indicators from a technical perspective. However, in my opinion, we can break it down a bit. At the moment, we are in the corridor between $26 and $30 since 11/07/24. The $26 level now acts as a very strong support zone, while $29.80/$30 is historically one of the strongest resistance levels for GME. Whenever GME has broken through this zone with volume, it has experienced a sharp upward movement. Additionally, GME has not had a weekly close above $30 since August 2022. This zone is one of the most critical for the bears. Once we leave the corridor between $26 and $30, we should relatively quickly reach the first target around $47. The higher resistance levels are $63, $80, and $120, with $80 likely being the strongest resistance after $30. Once $80 is breached, we enter 'unchartered territory,' and all-time highs come within reach. Given the consolidation period so far, I anticipate a breakout towards $47 in the near future.
NYSE:GMELong
by DoriTradesIt
GameStop Corp. ($GME): High-Risk, High-Reward OpportunityGameStop Corp. ( NYSE:GME ): High-Risk, High-Reward Opportunity Trade Setup: - Initial Entry: $31.45 - Alternative Entry: $24.11 - Stop-Loss: $10.88 - Take-Profit: $125.99 Rationale: GameStop, a prominent video game retailer, has experienced significant volatility, often influenced by retail investor interest and speculative trading. The stock's history includes notable short squeezes, leading to substantial price surges. Recent discussions suggest the potential for another upward movement, presenting a high-risk, high-reward scenario. Financial Performance: In Q2 2024, GameStop reported revenue of $798.3 million, down from $1.16 billion the previous year. The company is focusing on cost containment and plans to close underperforming stores to enhance efficiency. Volume and Short Interest: As of November 15, 2024, GameStop had approximately 31.87 million shares sold short, representing about 7.47% of the float. This level of short interest indicates a moderate potential for a short squeeze. Analyst Ratings: Analyst coverage on GameStop is limited, with some maintaining a "Sell" rating and a price target of $10.00, suggesting potential downside. However, the stock's volatility and retail investor interest can lead to price movements that diverge from analyst expectations. Risk Management: Given the stock's volatility, strict adherence to the stop-loss at $10.88 is crucial to manage potential losses. The ambitious take-profit target of $125.99 offers a substantial reward, but traders should be prepared for significant price fluctuations. *When the Market’s Call, We Stand Tall. Bull or Bear, Just Ride the Wave!* *Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.*
NYSE:GMELong
by SiriusTrading
GameStop Trading Strategy for Next WeekRecent Performance: GameStop has faced significant market volatility, recently reporting revenue of $887 million, down 17% from $1.08 billion year-over- year. This reflects considerable challenges in maintaining sales momentum amidst increased competition and a shifting gaming landscape. - Key Insights: Investors should pay close attention to GameStop's strategic initiatives. The company's shift to an online-focused model is crucial but comes with inherent risks. The projected EPS of -$0.03 suggests ongoing struggles with profitability, underscoring the need for effective operational adjustments to attract and retain customers. - Expert Analysis: Market sentiment among experts remains cautious. While GameStop's loyal retail base fuels speculative interest, the long-term outlook could hinge on successful digital expansions and partnerships. Anticipation of the upcoming earnings report may lead to heightened volatility, necessitating careful monitoring of price movements. - Price Targets: Based on recent analysis, next week's targets and stops are established as follows: - Next week targets: T1: $32, T2: $34 - Stop levels: S1: $26.50, S2: $25 - News Impact: The upcoming earnings report, scheduled for Tuesday, is generating notable excitement, with projections and trends underscoring potential price swings. Broader market conditions, such as regulatory changes and evolving consumer behavior, will also play critical roles in shaping GameStop's trading activity in the days ahead.
NYSE:GMELong
by CrowdWisdomTrading
GME Earnings happen to be tonight after hours, and unfortunately, the market has been pulling back in some sectors, which is not the best thing for us GME bulls. What I can see so far, is a symmetrical triangle building. We are struggling to clear the $31 area again we got rejected. We have some serious support on the longer term chart but we have to continue to remain above around $28 overall. The support of the symmetrical triangle is around 2650 area so as long as we continue above that for now we can say this is just building. We can also pull fib retracements short term from the start of the move around 20.37 and pull it up to the recent top around 32.10 This gives our 50% support still around 26.23. As well as the .382 fib around 27.60 The earnings is about 50% chance of upside or downside. It doesn’t seem like any clear pattern. If we can get some kind of good news, we could potentially see this stock bottom 1-3 days after the earnings report and have a swift move within a week after depending on the news. That seems to be a pattern I have found looking back from the past 3 reports. Hopefully GMe can drop something unexpectedly good and keep this pattern and uptrend alive. Any large downside moves after earnings we can see a drop to .618 24.86 $ or 23.88 Keeping some buy orders there around time Of earnings won’t be a bad idea as we may get some low bid fills in anticipation of drop. Good luck to all taking the risk holding though earnings. And good luck to those looking to scoop up if we get a good drop after.
NYSE:GME
by Erictaylor
Game Since a rejection of $31 GME fell very far down back to the $27 area I was long at 28.80 and it caught me off guard and stopped me out. However, I am looking back at it again right now, as it’s really really tight in this consolidation, although it’s a bearish move into it, which can be potentially a sign that it could go lower, could also be on several long-term support looking through ping-pong in between the upper resistance in this lower support, which could bring us back to test that 31 area again. Entry 27.10. Stop loss break of 26.20 Confirmed hold above 28 could also be entry. Target 30.80$
NYSE:GMELong
by Erictaylor
3
GME Ready for a Major Move – A Happy Christmas Move?GME recently broke out of a 3-year-old bull flag pattern, encountering strong resistance at the 200-week moving average (often referred to as the "big red"). After rejection at this level, the stock found solid support at the 50-week moving average, which is a bullish signal. It appears to have formed a bullish pullback and is now beginning to move upward again. The stock briefly paused at the 200-week moving average once more, and now it needs to break through this level with significant momentum. Once GME breaks above the 200-week moving average, it could trigger a powerful rally, potentially propelling the stock to all-time highs. At that point, it would likely become unstoppable. The MACD and RSI indicators look bullish and remain far from overbought levels, signaling room for further upward movement. With $4.5 billion in cash reserves, GME has the potential to become a standout performer in 2025. Patience is key, as big players rely on retail investors to give up and sell their shares, making it easier for them to cover their positions.
NYSE:GMELong
by Consistent_Trades
$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
2