GameStop - Mother of All Short Squeezes!Assumption: Yellow Wave 5 of White Wave 3 Failed (Truncated)
TP1: $900
TP2: $1,600
Invalidation: $77.58
GOODLUCK!
GS2C trade ideas
IT IS NOW OR NEVER!!!GME must reject and start going up or it will go deeeep down!!!
TP: 1600
SL: 77.58
goodluck!
GME: More bleeding expected!!GameStop
Short Term - We look to Sell at 91.90 (stop at 108.16)
The primary trend remains bearish. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. Further downside is expected. Preferred trade is to sell into rallies.
Our profit targets will be 57.10 and 40.00
Resistance: 92.00 / 94.00 / 96.00
Support: 81.00 / 79.00 / 77.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Gamestop...Gone,stop.Just take your profits and come back another time...you hodlers aren't holding price where its at. If its going to move, it will with or without your positions.
Liquidity can always be engineered to create a short term short to your long...or create a short term long on a long term short. Know what I mean?
For some reason, common sense isn't a selectable category for the chart idea of, "take profit."
How to trade 101Here's a classic example of how to trade support and resistance levels. The first thing you want to do before you trade is to make sure you don't understand market structure. Whatever you do, do not plan out momentum trades with a trailing stop loss %. Leverage the family farm at all costs and sell the shoes off your feet if you must. Remember the market only goes up, so technically you're not risking anything. If you get FOMO buy at resistance and then if you get scared sell at support.
Okay now that you're ready to trade forget everything I said and do the opposite. lol. Happy April Fools!
BTW, much love to the apes. I give y'all so much credit if you invested in GME before 2021 or bought at the correct support levels since. Because if you did, GME has truly been a great investment for you the past 2 years. And the short sellers deserved to get creamed for taking advantage of regular folk. But in all seriousness be careful out there people, either way, bull or bear, there's plenty of risk & reward to go around.
Spring has sprungThe first week of Spring has sprung GME, TSLA and BABA into momentum. Here's a 3 split layout 15-minute ext charts:
GME
TSLA
BABA
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
GME: Contrarian Play Of The Day
DEATHCROSS AT 29$
GameStop CEO:
We're doing everything we can to move our stock price
The state of GME (and WSB)Hello, GME seems to trade between a diagonal resistance zone and a horizontal support.
Once the support breaks thing propably will get very ugly.
I have to say its wierd that gme is still trading this high after so long, not a typical bubble chart. Gme ape´s are strong in this one, but are they strong enough?
Instead of building on a fundamental roadmap justifying current prices the ceo chose to go the shorttermed NFT hype road.
This is ridiculous management and once more confirms to me that GME prices and fundament are diverging growingly.
If there´s another resistance test its a good opportunity to short it to death.
Fundamental value should be arround 16 USD so be careful and only invest what you can afford to loose if you are long.
The whole GME hype was nothing more than a pump and dump basically by WSB and its propably a good choice to cut losses before we tank down for real.
Like so many stocks WSB picks. The earlier people realise this the better. WSB is a pump and dump Forum basically.
Im leaning towards a crash soon altho im surprised and confused that the price is still so high after all this time.
In 2022 we will propably see MEME stonks get back to "fundamental" value. Doesnt matter if its doge or gme or anything else.
DYOR and please leave a like.
GME again... Maybe Set For Launch?Hopeful thinking again, but I'd like to point out the very bull flag shape we are descending within - along with a myriad of indicatiors I've accumulated throughout the year.
Again, just hopeful thinking.
BUT I THINK UP.
Thank you.
GME 76 supportGME has retraced to the 76 support level. If the last move up was a bull break this should be about the low of the drop. Entering long around 100.
Tight stops just under the 76. If the bull move here fails on the 76 there's no reason to hold long positions. If there are bulls in the market we should see a strong move up some time in the next 3 days.
Buying some 150 calls for June on GME.
Up, Down, Forward for sureGap at 125 closed. My guess for tomorrow is to test or break 120. following the trend of the past few days. We have been setting lower lows and lower highs. I am still eyeing 112, and a possible gap fill around 94-95.
lot of volatility in the the overall market too. the markets responding to the big cap earnings is absolutely bonkers. I'm doubting reality. nothing typed here is financial advice and it's all a fever dream.
Remember its all priced in.
GMENot financial advice.
The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
GME Falling Wedge PatternIf we don`t take into consideration the fundamentals of the company, instead we look only at the technical analysis, every falling wedge of GME ended up with a rally higher than 51%.
That could be our price target too, $174 (+51%).
Looking forward to read your opinion about it.
GME 7 Weeks Short, 4 Weeks Runup, 1 Week Turnover - A Clear CyclHere is the GME chart.
Vertical lines denote starts of periods. I have some fun triangles too just for giggles.
You'll see here a clear pattern. 7 weeks to short, 4 week runup, 1 week to I don't know what, restart the short cycle I guess. Given that the total is 12 weeks (approx quarterly) I think that fits pretty well with the quarterly options expiration. I don't really understand the cycles all that well but this DD is probably helpful to reread: reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/
Obviously we had two runup cycles back-to-back with 1 week in between in Q1 2021, and so I have PREDICTIVELY included 2 cycles for Q1 2022 as well. This decision is running loosely on the back of some DD I can't recall that showed the options/ETF cycles occurred twice in January.
It is ENTIRELY possible that the early cycle in March doesn't occur this year and that subsequently we are in week "1" and running headlong into a 7-week short cycle. It's also possible that as I laid out, we lead a second 4-week run-up starting 2/25.
ARE. YOU. READY ?!!Piñata day is soon.
In the end we will depict true enthusiasts and believers.
My beliefs strongly stay the same.
Follow my other posts to see my expectations and beliefs.
I knew this was coming.. just not so soon.
MAKE SURE YOU ARE ONE WITH THE PURPLE RING!!
D. R. S.
GME Symmetrical wedge with upside bias.Weekly chart of $GME Gamestop. Beautiful bounce off the 200 VWAP; still needs to clear the 50 VWAP. MACD has crossed and RSI has plenty of upside room to move. My thinking/bias is that this will go to the upside.
I just like drawing #GameStopI just like to draw coloured lines and overlay current bars with history on the $GME 30 min chart.
Looks to me like another buying opportunity coming up until the next catalyst like Opex, Dividend record date, NFT marketplace.
In the mean time high inflation, rising interest rates, supply chain issues, component shortages, housing market crash, stock market crash, war. (All transitory, we're assured by the powers who are suppose to know)
Luckily RC had the foresight to buy a lot of inventory before supply chain issues started and high inflation kicked in. That can now be sold at the current inflated prices, still cheaper than the competition, supporting gross profit.
Not advice, do your own DD.
it's comingoh lawd you know it's coming. monthly chart, please zoom out and in. yellow trendline is a bullish channel. red channels are bearish. blue is thee ultimate channel that the stock has mostly traded in since in 2002. 2002. MOASS.
analysis GME-uptrendOn GME we have a big probability of an uptrend because as you see on the chart we have a breakout with force the vwap indicator by a big candle with a large volume.thanks.
Elliott Wave Intraday Analysis: GME Is Looking HigherHello traders and investors!
Today we will talk about short-term intraday GME structure in which we see pretty nice and clean bullish setup formation, at least for a three-wave (A)-(B)-(C) rally away from the lows.
As you can see GME made sharp and impulsive rally in March that belongs to first leg (A). In Elliott wave theory, after every five waves, we can expect a three-wave pullback before a trend continuation. So, currently we are tracking an A-B-C corrective setback within wave (B) that can be slowly approaching the end, as we see it moving in final stages of wave C of (B). Ideal support in Elliott wave theory is at the former wave 4 and golden 61,8% Fibonacci retracement which comes around 125 level, so final subwave "v" of C can be still missing.
What we want to say is that we should be ready for more gains within wave (C), but ideally once current wave (B) correction fully unfolds. Of course, there's a chance for bigger or more complex wave (B) correction, but the count remains valid as long as it's above 77 invalidation level.
Trade smart!
If you like what we do, then please like and share our idea!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
GME last call. Short Unfortunately for holders, GME will continue to decline to these supports. Till it is locked in this triangle, there is no chance for upward move.
