analysis on GMEOn GME we have a big probability of downtrend beacuse the sellers try to push the buyers away with this squeeze as you see on the chart and with a large volume. So attention.thanks
GS2C trade ideas
long on GME if anyone followed the chart idea earlier then you guys should have banked out of those support area. It bounced off the support area today also.
sellers want to comeattention sellers want to come may be we can have reversal trend because we have :
- Pullback
- spring effet
- breakout of the resistance line
attention possibility of reversal trend: Squeeze and pullback As we see on the chart we have a squeeze! If we are in an uptrend and if you see a candle with a long wick and a small body it's means that we have a big probability of a downtrend beacause sellers want to come and also we have a succession of many greens candles and in addition we have a pullback on the resistance line!! So attention!!!!
Summary on GMEWe are above the vwap indicator so that comforts us in our buy position. In addition the vwap is green!!! good uptrend.
Analysis on GME good uptrendAfter a breakout of the vwap indicator with force by a big candle with a large volume we have a good uptrend as you see on the chart..Buyers confirmed their presence.! If we are a downtrend and if you see a candle with a small body and a long wick it's means that we have a big probability of an uptrend.!!! See on the chart..!!! Thanks!
$GME 30m/D$GME still flagging and currently ranging, watch for the breakout, this could be huge if close over 150 or 200 for this week. Ooga Booga
long on GME The point where I took my position was right of the support area. I could see that it had the potential to jump off the support area.
GME 3/21/22GME
Easy short trade
Price in existing downtrend
Price entered sideways range between 96-126.
Price broke down from this range to start continuation of downtrend.
Price has pulled back to previous support looking to turn it into resistance. Price in area of value, my cue to enter trade
Entering trade short.
Entry: 97.00
Stop loss: 109.79
Target:
Initial target: 67.21, +30.71%, 2.33 RR ratio
Mid target: Trail 10ema
GME Possible gap fill I am bullish on GME for the long term. I am Bearish for the short term. I believe Going into May and May will not be nice to most stocks. I believe GME Does have cycles, and PRE-SPLIT GME will Break $250.
That being said, GME looks to be headed to break $140 on the down side. RSI is in a downtrend on the hourly. Before breaking $140 we should see a close under 144-45. Both might happen today, April 08, 2022.
Please note my 2 fib areas. On a short timeframe I am looking at a bounce or confirmation of the 161 (@$132). Mid term timeframe I can see another dip to $112 (the 382). Please remember when messing with fib levels, the fib bros love the .382, .5, and .618 for active trading. Then look to the 1.61 for rejection or conformations.
Around $125 is a gap to fill. Once this gap fills I am will be looking for legs up. First, will be closing under 144, 140, then 132. those are my support/ resistance level.
I will not go full bull until either the gap is filled, or we close above 163.
bullish on gamestop game stop is forming a very big zigzag correction in parallel channels. wave C has ended with an ending diagonal and bulls momentum has been seen although we have not broken the trend line to the upside. am still bullish until price action breaks the invalidation level.
GME - back-test holds - bounce timeGME back-tested the recent break-out of the descending wedge and held/bounced during the Thursday/Friday trading sessions last week. Bullish.
Price is also finding support on the 0.382 fib level here. This fib was important on the way down as GME held/bounced along it at least 3 times on the down wave, and this general price zone has been important for this equity post sneeze providing significant support & resistance. Firefly (AFL momentum /volatility indicator via Lazybear) is trending bullish (14/3 setting) and GMEs price has bounced up +10% or more at the +/-65 level on 3 prior runs - see indicator on chart. A little more AFL Firefly Info here: www.wisestocktrader.com
Confirmation of a near-term bottom is supported via RSI 2 Strategy Lower Indicator (Chris Moody) which hit the short term buy signal on the daily last Friday. More information on this indicator is found in the community scripts on TV, where CM describes it as follows: T he RSI-2 Strategy is designed to use on Daily Bars, however it is a short term trading strategy. The average length of time in a trade is just over 2 days. But the results CRUSH the general market averages . My take is historically this indicator has not been a slam dunk for GME but has accurately identified several near-term bottoms including the decisive March 14th low and thankfully helped convince me to add several shares then at ~$88.
Further, the 100-day MA is hovering around $140 level providing additional support for GME and is just below Friday's closing price of $146.xx.
Spec paly = buy OTM call(s) in $155/$160 range on a "typical" AM price mash that takes GME down near 100-day MA with a fairly near term/cheaper exp. date and sell call on the anticipated bounce OR just buy/hold shares...
Max pain currently listed as $145 for 4/14 and $132 on 4/22 - so much caution is warranted . maximum-pain.com
Not financial advice.
GME Tanking This WeekGME is tanking this week due to overbought condition shown by the RSI, MACD and Divergence and Accumulation indicators. Got a couple of put plays for this week and next week. GLHF
Wishfull thinking for $GME? Maybe not.RSI close to neutral,
Volume MA rising,
NFT marketplace launching sooner than expected,
Record date for AGM, to vote on share split, probably next week 14th,
Split Share dividend on the horizon.
(and maybe some SHF is in trouble and forced to close shorts)
Pullback and spring effectWe have a pullback and spring effect on the vwap indicator so the market will go down again..!
sell gmeAs we see on the chart we have two elements that confirms our selling:
Breakout of the support line with force by a big candle with a large volume
Breakout of the vwap indicator also
analysis on gmeGood morning! today on gme if the support line has been broken with force by a big candle and with a large volume it's means that we have a big probability of downtrend...
The Psychology of the trader The Psychology of the Trader: The Key to SUCCESS
A failing psychology and poor control of this impulses will inevitably lead the trader to failure regardless of the methods and techniques you use. The trader must control his emotions, impulses, work on his person. A trader can make a lot of money and lose everything if he lacks self-control.
The real work of a trader is therefore to work on his psychology to succed in channeling his emotions or at least finding ways to keep them under control.
Trading is above all a personal experience , one of the most difficult adventures of our life but also the most exciting. There are no pretenses in trading, by trading we discover what is in us, the instinctual being that is buried deep within us. Many traders for fear of what they have in them refuse to see this fundamental part in trading which represents 90% of the results.
In conclusion, a trader without a method who controls his urges will make money, a trader with the best method in the world will inevitably lose money , if he has not done the only work that is profitable in trading: WORK ON YOURSELF.......
Thank you for your attention.....God bless....
GME FIB levels and RSIDAILY: GME hit oversold on RSI March 28 from the run up starting March 18. looking for a pull back here.
If you play fibs or pay attention to fib levels the 1.61 is a possibility of a High and a break out or rejection (can go up or down, ha). more general a rejection. So High for the run could be 353 (unlikely IMO as there has now been multiple rejections of 190-200 levels)
Please be weary of losing $163 support and heading to $140. I believe in the Fib Bro's swing trading methods. lookin at the .382, .5 and .618. We were heading for $163 (possibly lower) prior to the split announcement.
I am bullish, long on GME. People get upset at charting and then get upset at reading fundamentals. People should look more at making money. Buy and holding beats, timing the market; but, timing the market makes ya feel like a BOSS!
check out my january fib levels post.
ANALYSIS ON GMEDowntrend because we have a breakout of the support line by a big candle and large volume and the vwap indicator.
Technical Analysis/Example on GMEReminder of the course on the SQUEEZE ( candle with a long wick and small body)...You can see on the chart the diffrents elements.
