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GS2C trade ideas

Gradually Shifting Normal Price HigherI think I see the plot here, idk just an idea based on Newton’s LOLZ: The black dotted line around 140 is the “normal price” - just need a name to reference for the rest, calling it normal because Gaussian sounds lame. Yellow dotted lines are +-1 s.d., orange 2, red 3. GME needs to gradually walk the normal price higher to be able to trade at that level for a sustained period. The previous pop back in March did not walk the norm higher, it just squeezed the FUD and then gave it all back and the norm stayed fairly unchanged. Recent run tho is interesting, it’s actually taking its time and establishing a base at each successive level like a staircase. This current consolidation at the norm is attempting to change the norm by establishing a base for next pop to between 157 and 175.. it will likely consolidate there until high 160s become the norm, and then it will retest old norm for support before shooting for 175-193... etc, etc When you play the Game of thrones you win or you Stop.
NYSE:GMELong
by JabezDolz
Home WreckerWhen I was a kid my parents and teachers used to tell me silly things. Like... "You can't beat the system." "Don't bet against the house." ... "Pull your pants up." ------------------------------ And I went through life... well, just playing video games and beating everyone on every system. ------------------------------ And then I met GME... so now i'm going to beat the house, with my pants down, and I'm going to bet on it. That pasted image of the weekly chart... look familiar?? HA HA HA Sincerely, Frank Underwood P.S. this vision came to me in the flames within a dream within a shroom trip within a peyote trip at a campfire within a reservation where its legal (double combos everywhere) 357 357 357
NYSE:GMELong
by JerryManders
6
$GME - Single Day Runup Event on the 7'th of JuneNot Financial Advice. Based on new research i haven't yet released due dilligence on, i've discovered another indicator that tells us 1 exact date where a price move for GME and some other stocks like BBBY etc are going to happen. I'll be posting the new due dilligence on this indicator once i've seen that it actually works. Based on the data i got out of the OCC's site, and if i've understood it correctly, there will be a 1 day runup event tomorrow with an upside or downside (most likely upside) of 25% on the underlying for GME. Can't tell much about the other stocks. Just like GME suddenly ran up on November 3 2021, Feb 7 2022 and on a few other dates, the next single day runup event is basically tomorrow Tuesday June 7. The details of how this works will be posted on reddit on /r/fwfbthinktank once and if this theory turns out to have bones. And of course if this works, i'll be able to tell you all the next dates of similar run ups for GME. Not sure when i'll be entering this trade, it'll be either today EOD or tomorrow on open. My PT for this is $165 or +25% from today's closing price. And as a reminder, this could be a negative -25% event too, but i'm 80% confident that it'll be a positive runup and not a negative one.
NYSE:GMELong
by leenixusu
44
GME - Power Up!GME appears ready to rip to the upside and there are plenty of reasons to be bullish on the stock here. Recent earnings as reported last week were solid, especially considering the bearish macro unfolding in the broader markets. Further, the company has no debt - and appears to be reinvesting in itself and looking to the future with eyes wide open, embracing the expanding NFT and retail gaming marketplace aggressively and intelligently and doesn't seem to have any actual viable competitors in this arena. BULLISH. And most exciting the stock split/divided initiative was overwhelming passed by shareholders at the recent annual shareholders meeting held on June 2nd, allowing for up to 1-BILLION shares to be issued by the company. Once moved on, this new share issuance will allow GME to increase their war chest, remain debt free (huge considering the current upward direction of interest rates) and will put added pressure on remaining shorts to cover and close-out their positions. Technically speaking the daily chart looks great with another break-out occurring on May 25th. The double bottom print held nicely and with the price back above $130s there is much better long-term support for the price to move higher. The Moving Averages (MAs) are supportive, and the MCAD flashed a buy signal on May 25th. Also included is the belkhayate timing indicator (thanks lazybear) which looks to be pivoting back bullish and is above the "buy line" here. Similar set-up as the bull run back in late May 2021, but this indicator appears even more bullish this time around... In terms of timing - the 90-day 'high to high' algo that has been consistent in the longer term for GME (and many other retail stocks) could be back in play here. If this timing holds - look for a new interim high by the late June/early July. Price Targets = #1 = $200 (retest of last break-out's high on March 29th), #2 = fill of the price gap located at ~$292.xx. And obviously, if the shorts start covering in mass - price could squeeze much higher. In terms of wave structure there still a chance GME could retest the low $80's again for a triple bottom formation. Will be watching closely next week. However, given the now over-extended 100% utilization, ever increasing CTB rates, and the pegged OBV, I think GME moves higher from here. Looking to add to shares and will carefully consider OTM calls early next week with the price targets/timing as outlined above in mind. POWER TO THE PLAYERS ! Not financial advice.
NYSE:GMELong
by Akksujean