Today we lived August 24th 2020We repeating previous 2-yr-cycle. Today we lived August 24th 2020. Next week gonna be interesting. NFA.
GME trade ideas
GME Gamestop potential target 80Seems Gamestop is now moving in an impulse to reach higher levels
High risk
Game can't be stopped!GameStop
Short Term
We look to Buy at 39.54 (stop at 35.95)
Preferred trade is to buy on dips. There is scope for mild selling at the open but losses should be limited. This stock has recently been in the news headlines. Further upside is expected although we prefer to set longs at our bespoke support levels at 40.00, resulting in improved risk/reward.
Our profit targets will be 49.69 and 51.17
Resistance: 50.00 / 57.00 / 86.00
Support: 40.00 / 32.25 / 21.67
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
The Bulls Are Back Baby! : PT 69NYSE:GME
Hello,
On the daily timeframe, there is a potential golden cross formation, and on top of that closing above the 200MA. The last time this happened was Sept 2020 and we all know what happened to this stock. The RSI is very telling -- Bullish -- as every time it crossed we saw at least a 153% increase (March 2022 RC Buy), 62.79% in May, 17% in June, and 42% in July. Today, it crossed again! I have priced in a minimum 20% move up and we'll probably retest the 0.786($43.45 - $173 pre-split). Aug 2nd was part of the T+69 theory and I have no idea what happened because I ate too many crayons. Fibs point to 69 good luck all!
Not financial or sexual advice.
53 n3xt stopChrt says it all. This is a horrible setup buy it. How many words do I need to type here jeez
GME Long Term Mega FlagWe have before us an ordeal of the most grievous kind. We have before us many many long months of struggle and of suffering. You ask, what is our goal? I can say: It is to wage war, by buying, holding, and then buying again with all our might and with all the strength that God can give us; to wage war against the shill and suits that bend us over everyday, never surpassed in the dark, lamentable catalog of human crime. That is our goal...
GME has been the most frustrating, Challenging, and possibly the biggest trade I've ever been in. That being said my conviction has never been stronger going into the rest of the year (Especially the short term outlook)... NFT market place, Stock Split Dividend. I'm adding to my position every week because I can. Nothing but time costs me to hold my shares, we will be on Banana Planet sooner than you think.
I currently expect a continuance of bullish price action going into the split dat of the 21st, then a slight dump back down into support right before we make our final ascent into the atmosphere on the journey to Banana Planet :Price target $420 (Post Split) $1700 (Pre Split)
Good luck to all my Apes, and to the Shill Shorts...I hope you get out before we burn your positions to the ground.
$GME Similar to $AMCBreakout similar to AMC's, seeing in volume can continue to confirm a move out of this range.
Breach of Doom Dorito in progress!It popped just above the 300 DMA which is currently also the upper trendline of the Jan 21st 2021 doom dorito.
No targets, just up.
IS GME setting up for a BREAKDOWNNYSE:GME
On the weekly chart a wedge is formed from all time high through the top wicks
as the upper trendline and the bottom wicks while they intersect after mid-September
earnings. This thing appears to be coiling over a period of about six months
Leading pink cloud suggests BREAKDOWN .
Price action is continuously above the POC of the long-term volume profile
suggests the POC is acting as support and the upper end of the
The high volume profile (blue) is acting as even tighter support.
I look for a breakout or even a moonshot, Indeed the tall upright leg of
the triangle pattern on a long higher timeframe suggests a similar leg up.
For sure there are plenty of shorts to have pain and get sqeezed.
Buyers may open a position setting a stop loss a5 29,15 the center of the first blue volume bar
where support and liquidation liquidity both increase
Please comment, What do you think?
I will do this now. I will set two dynamic targets- an EMA 3 crossunder the EMA 9 on the
3-minute chart for a 50% sell and another similar on the 15 minute for a 25 % to leave
a partial runner and a final take for a similar crossunder on the 30-minute to
bring the other runner home,
Some Thoughts About GameStopHere's a quick post and chart about GameStop. Remember GameStop mania? I sure do. I have rarely seen such a frenzy grasp all markets from the web to TV and mainstream culture. But that's not the point of this post. The point of this post is talk about how surprisingly strong GameStop has remained.
Most people I talk to, without looking at a chart of GameStop, assume the mania has faded, the bubble has popped, the story is over. But the thing is, the chart is still really eye catching.
It's eye catching because it is potentially forming a giant flag. And it's doing it pretty quietly.
I recently read that the retail army behind GameStop has almost managed to Directly Register (DRS) large percentage shares outstanding. What is DRS? It means every share they own is now owned in their name with no broker or middle man or market maker or fund or machine sitting between them and their brokerage. It means the shares can't be loaned, traded, bought or sold without them taking their shares back to a broker and re-registering them and trading them.
I find that fascinating! I also think more retail traders/investors should learn about DRS as most have no idea what actually goes on with their shares. DRS is an interesting way to learn more about registering shares directly in your name.
Anyways, I am interested to see what happens here.
Gamestop Breakout in progress?Possible breakout of this long term triangle pattern, looking for a follow through for confirmation
Initial Target 47-53 by 8/16You can see the #MOASS indicator starting to show up in the chart.
You can see a lot of colors and random lines.
So you know it's time.
Updated Analysis on $GME #GME - pop for tomorrow? #gamestopThis chart is so interesting. You can really get such a good idea from looking at the 3 month time frame, and how the lower moving averages have some catching up to do with the price. However, there are also several smaller time frame moving averages pushing tightly against the price, as well as (previously mentioned), a trend line breakthrough, a retouch, and a fibonacci at play. I'm wondering if we don't pump to the highest fibonacci extension around $67-$68, which would give a new trend line, and also lines with the bollinger band on the month. If we did this, it would make sense & line with the lowest extension possible on the overall inverse fibonacci pattern in play- which has the target price around $6 something. It'd obviously take several months (into early Jan 2024 it seems) for us to arrive at that lower fib extension. However, it makes sense that a pop upward would be needed first, in order to form that new trendline.
It looks like maybe there is a tiny gap that needs to be filled tomorrow from today's close & then I just don't see HOW we could drop any further from there (on this week's candle)- especially given the weekly stoch rsi. It also is interesting to me that there seemed to be a real battle to make sure today's day candle closed green.
$GME target $46618 fibonacci extension-
former trendline break
came back down & touched it
went down as far as we could but held up by MA's
inverse fibonacci in play on overall long term chart almost to lower extension
held up by all MA's on daily & 4hr
*Not trading advice.
GME Breakout Alertwe getting near to important breakout around the 40$, if we did and hold we going to test first the 49$, then around the 60$.
NYSE:GME
GME tomorrow?I realize it's a stretch.. however, the price is heavily supported by MA's & the inverse fib levels are *nearly*- not all the way- bottomed out.
*Not trading advice.
Analysis-uptrendAs you see on the chart we have the breakout with force the vwap indicator and the resistance line by a big green candle with a large volume, so we will have a big probability of an uptrend.
$GME - August runs are comingIf you're already following me, you know the drill. It's about time for the quarterly runs for GME and Meme Stonks in general.
I've identified +1 more mostly accurate date where some meme stocks (but not all) actually run.
The dates you want are as follows:
-These two dates are a set. There will be a decent single day run on one of these two dates. I personally think it's August 2. The only way this moves to Aug 8 is if some big market event happens between now and then. If you're gonna play this, at least don't get FD's and go at least +1 week out further. The moment you see the run happen, take profits from your long calls and get puts 2 weeks out while the IV is still hot for calls. If you wait and buy after the call IV and prices cool down, you're gonna be buying puts at not so very nice prices. You want to buy the reversal just before it happens, not after.
*02 August (Most Likely)
or
*08 August (Less Likely)
or
both (Unlikely)
-This is the regular GME quarterly cycle run we've talked about here since last year. The behavior is always slightly different but the critical part of the trade is always the same. Around the 23'rd give or take a day or two, GME will pop to something like $40 or $45 or more for a few days and then drop. Since everyone is aware of this at this point, i'd expect NO run on 23-26 as everyone's gonna be saturating weekly FD's instead of 2w or 4w out. This will cause the usual run just before close on Friday 26 Aug and a run into the next week due to call gamma having to be hedged in the last moments of the market. Then the T+1 from option settlement hits everyone on Monday but it really doesn't and it hits the market on Tuesday as per my previous DD on market mechanics.
If you're going to play this one, be safe, due to degens playing FD's e.g same week expiring calls, the price may crab to kill everyone's FD calls and will instead move the week after.
*23-25 August (Likely)
*30 Aug (Likely)
How i'm gonna play this event?
-Aug 2 or 8: I'm a degenerate, so i'm going to get OTM FD's for Aug 2 on market open on the same day.
-Aug 23-25 or *30 Aug: Been burned by the micro changes in these runs a few times so i'm getting OTM calls on the 19'th of Aug expiring around 9 of Sept.
Additional Info: I have weird signals from DTCC's swaps indicating that this year's September 16 ish and next year's March and April have A LOT of $$$ expiring in swaps. I do not know what this means or what it will do to the markets. I have leap calls out to 2024 that are ITM to ride those dates in case something crazy good happens. That's why i'm not extending these August calls to September's OPEX and SLD period. I don't know what's gonna happen in September, but i just know something will. I don't know the direction.
Here's an old version of what i wrote that explains my thoughts above.
www.reddit.com
Keep in mind the 23-30 Aug run applies to most meme stocks. I'm onboard with GME and BBBY on this since only the few top meme stonks tend to move both on the start of the month and near the end of the month. I don't do AMC.
WARNING: I wouldn't buy anything right now as it's the period where stocks get knocked down. If you're going to play the above, wait till the last day before doing so. Buying from now will just burn a LOT of theta.
NFA
Gamestop about to popGamestop is breaking out the pennant it formed since February 21, just after 4:1 split, could it achieve 120.64 next?
GME looking to uptrendsetting up along with peer AMC showing a confluence
of EMA9 EMA21 VWAP and cloud-piercing with
relative volume oscillator confirmatory,
Options put call ratio about 0.40 with 90%
volatility.
Might be worth watching.
Maintaining it's triangle, let's see if it breaks outNeed rsi above 50 and macd above 0 for momentum
Consolidation above 40 would be great start for it to climb higher.
1.5 years ago - What did I tell you? Hate to say it but after such a long time, and me back at beginning posting & warning ppl that GME isn't going to squeeze and here we are.
Still could we see a retracement after this sell pressure, yes I think GME could retest even 77$ but still not an indication for me that price will blow up.
It would be a natural retracement after a year of bearishness, so some kind of retracement is due.
Yes I heard about the NFT launch, honestly NFTs aren't solving anything and please do read the small letters since most of the time you don't actually own the NFT itself.
