GME trade ideas
GME H&S?GAMESTOP is showing little to no buying pressure at this area of support AND has failed to create a higher high on the Daily chart. Look for short opportunities below $19. I personally would be looking for an short entry if price where to break support and return to retest it, causing support to act as resistance with an exit well before the area of demand (Green Line [ first big candle of uptrend ])
GME looking for next rallyGamestop stock has been on a rally and for months now has found consolidation at 19 to 20 dollar, if this holds then $230 should be the next stop for gamestop, let us see how it goes 🍻
$GME - Down a bit moreYeah i think i figured this all out. Not revealing anything.
Basically:
-SPY moons today.
-GME/Memes don't move at all.
-SPY un-moons today/tomorrow into next week.
-GME/Memes drop more into the next 2 weeks.
PT for GME $14.xx
PT for SPY $437 today/tomorrow and then back to $387 by early March.
$GME - $383m in swapsHi all,
$383 million in swaps traded on the 8'th of Feb and will be in effect tomorrow 10 Feb for the meme basket. Not gonna name the basket nor show the data. I'm going on a trust me bro basis from now onwards. All i'm gonna say is that we're in a basket highly corelated to Crypto and cars...
It's safe to say that we should expect moves starting yesterday and for the next 20 something days.
I'm gonna have to reverse and go bullish now...
GME: Sell ideaOn GME as you see on the chart we have the breakout with force the support line and the vwap so it's mean that we will have a big probability to have a downtrend.Thanks!
GME - Break-out and Back-testGME - a recent break-out/back-test, Bullish MA cross on the 4-hour, VWAP and volume support are all getting me more bullish on GME.
With high volume support at this price range from last spring and early summer, looking for a rise in price heading into late Feb and early March of 2023.
Adding to shares and going long Mar 17 calls with a $25 strike.
NFA!
GME day chart squeezingThe day chart is currently squeezing.
With RSI just above neutral, MACD about to change green, OBV climbing and price above the base lines there is a good change that it may fire upwards.
Crossing $23.66 will confirm a breakout of the downtrend resistance.
Not advice, do your own DD
GME about to go BRRROverlaying the pattern starting from Jan 5th, the match is so perfect it's haunting.
Even the gap from yesterday close to this morning premarket is a perfect fit.
The bars are open/close without wicks.
Not advice, do your own DD
Trading range situationBig probability of an uptrend after the breakout with force the resistance line. In other hand, downtrend after the breakout with force the support line. Thanks!
Gme run this week?
As stated previously in my last Idea NYSE:GME has been following a clear pattern for nearly 3 weeks now. Making new highs every 4 trading days(H1,H2,H3). Last high was made 2/2 so 4 trading days from that would be this Wednesday (H4). I expect to trade flatish/down Monday and flatish/down early Tuesday and to start going up mid/late Tuesday. I believe we can reach $25 on the next new high and when we do hedging of the option chain will cause a large run up.
We are very strongly inversely correlated with TVC:VIX and as long and it keeps its downtrend I expect gme to continue its uptrend.
I am hoping gme will do something similar to what NASDAQ:UPST did last week. It too was following the same pattern gme was. When it made a new high in the $20 range it exploded upwards to $25. I believe that happened because of the heavy options interest at $20. gme was trading at 25 for 3 months so I'm hoping the options at 25 can rocket it forward. Interestingly even after breaking out upst still appers to be following the same pattern it has been indicating its run might not be over. I will be keeping an eye on it.
Failure to delivers on gme and etfs it is in have picked up again stocksera.pythonanywhere.com and the starting date of covering them is this week. In addition, the put/call ratio on gme has become very call skewed www.barchart.com adding to my belief the option chain can propel us higher.
While I am hoping gme runs this week I will be happy as long as it maintains its uptrend. I would keep an eye on vix and other "meme stocks" and if they are staying on trend I will remain bullish on gme.
I have noticed that the general pattern for the next leg up is 1. vix goes down hard 2.gme iv goes down hard 3.gme goes up. So if you are thinking of entering in an options position, I would wait for gme iv to crush as a signal to buy.
$GME - Line go down, then go up *Clap*GME to $14 by early March then up Mid March. Based on said trust me bro data.
As usual any run that was to happen was muted. Only down from here before the next run.
Sorry if this doesn't fit your narrative/bias/love for the stock. Not trying to be mean, it's just how things are. By betting against the stock based on this info, a run can be caused to happen earlier e.g late February. If you leave it alone to do it's thing, it'll be March.
Toodaloo, till next time.
$GME - I think i caught the next runI think i've caught the next GME run. The data has been extremely unclear for a while now until yesterday's data came out which shows a strong signal for next week. I won't share the data or the PT here as not to risk things.
TLDR:
-Next week GME there's a chance to run.
I don't know if we will have enough time to buy on Monday or whether one has to buy today on Friday. If you're buying shares, buying on Friday should be fine. If you're buying options, the weekend theta and possible consequent IV on Monday will ruin you, you'll literally open at -80% loss on weeklies.
Obviously this means other meme stocks will go up too and so will the market as well. Right after this run is concluded, the market should finally do it's thing and "correct" itself.
No positions yet. Considering an all in here. Not sure yet and when to buy and what to buy. 85% (made up number, not based on any statistics) confident in this one. Maybe 80%...
YOU DO YOU. This signal comes at a moment where the market is overbought and the whole market is due for a pullback. Buying HERE is NOT NORMAL. It is the OPPOSITE OF NORMAL and a person with half a brain would tell you that too. Regardless, the signal for a run is very strong... Imagine seeing a GME run in a dying market... every... time... I don't know if i have the balls to go for this one yet.
In my own logical opinion, buying today is a mistake and you should wait and buy on Monday or Tuesday. In my illogical opinion, you should buy today. What i'm likely to do... one of the two... i have no idea, the two sides of my brain are fighting over this.
Pratical case : Sell idea on 15 minutesBreakout with force the vwap indicator and the support line by a big red candle with a large red volume! Sell at the second red candle. Thanks!
GamestonkThis looks bottom
But depends what Kenny boi and the hedgies have in their control
I’ve added
Not a huge position
But this is at least a 10 bagger for me
Send it
Also if this sends watch dogeusd
The forkmaster
G R I
Gme looking good
Some people have been worried about NYSE:GME and if the cycles were dead. Good news gme looks to still be on the cycle. Bad news Nov opex was in November. Shocked Pickachu face. After falling from the August run up gme stayed flat (1) while other meme stocks like NYSE:AMC and NASDAQ:TSLA fell (2). Because gme didn't get shorted it had a weak barely noticeable Nov Opex. however, as you can see other meme stocks did have a Nov opex (and you can even see gme did too albeit a small one). No shorting no opex. This may be disappointing for people still waiting for it. Good news however is after Nov opex all the meme stocks got shorted (3) and we seem to in the middle of bouncing from that (4). In short gme was dead sept 7th -dec 7th but now appears to be back on track.
Gamestop correlates strongly with inverse VIX. Correlation broke on Oct 31st 2022 for some reason and restored Jan 6th 2023.I believe we may be playing out the Vix movement from Oct 31st onwards delayed. VIX has gone down since then so we should go up.Vix has kept its trend and should go lower today and Gme should pop today. I believe we may be playing out delayed price action from when correlation broke (labeled with a 4) Would like to see a 10% up day and to break 24 today. Other meme stocks have rebounded to the price level they were at before they got shorted down. I expect gme to eventually get back to $25-$27. Depending on optiion interest that could cause a large run up past that. Also, ftd's have started on gme again stocksera.pythonanywhere.com and are due in febuary further helping gme. all in all, it's been a rough several months, but everything is looking really good for a run on gme soon.
Big probability of an uptrend continuityAs you see on the chart we will have a big probability of an uptrend continuity because we have a spring effect and also if we have the breakout with force the resistance line by a big green candle with a large green volume. In other hand, we could have a reversal trend if only if we have the breakout with force the support line and the vwap indicator by a big red candle with a large red volume. Thanks!
GME Potential for Bearish Drop | 27th January 2023Looking at the H4 chart, my overall bias for GME is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market.
Looking for a sell entry at 18.85 to form the retail double top pattern. Stop loss will be at 22.47, where the recent high is. Take profit will be at 15.43, where the previous swing low is.
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She’s tight… any volume and she’s flyingSuper self explanatory.
Check out my other posts to view my feelings on the GME saga and where I have stood. I’ve discovered some very interesting coincidences in the market all thanks to a supportive community.
I think it’s officially officially close to end game. I don’t picture her holding down past summer.
Good game apes, we won.
