GME trade ideas
$GME Golden Cross - around middle of AugustAfter the death cross on December 15th, it looks like the cycle has run its course and like the 50 day moving average are about to cross the 200 day moving average around the middle of August giving us a Golden Cross
AnalysisOn GME today we will have a big probability of an uptrend after the breakout of the vwap indicator and the resistance line.Thanks.
GME Ponzi about to go downHello, GME is basically a Ponzi and i dont think they can come up with some bs synthetic hype that would push gme to new ATH´s.
Indeed i think GME currently sits right at the resistance and it is propably a good short entry here.
On its way down i expect GME will propably be target for new pump and dumps, so i would propably close short arround green curve.
Would only invest what iam willing to loose tho, shorting meme stocks is still risky/meme trading.
Personaly not trading it because i got no broker to short it, but propably still a good setup with low leverage/tight stoploss)
DYOR
This will propably trigger the GME holders lol...shitstorm incoming xD
Please leave a like =)
AnalysisAs you see on this chart we will have a big probability of a downtrend after the breakout with force the vwap indicator.thanks.
SPLIT DONE! Still Waiting for a clean break of the Doom DoritoBull Case remains, I am hopeful the Doom Dorito will finally break up
First full week after the split next week.
Multiple brokers from around the world have yet to deliver all shares saying that shares could take up to another 4-5 days to be delivered.
FTDs have been increasing from June that are coming due now, will be interesting in seeing the next release on the 30th
Borrow rate remains steady this weekend at 129% to over 300% according to Ortex.
Technically it still seems like a massive 1.5 year spring is about to be sprung.
If there is any other real world game changing announcement this week then it it can only add further pressure to breaking the Doom Dorito.
trading view isnt showing the right price movement trading view isnt showing the right price movement
($GME) has a Stock Split (-76%) (TradingVIEW Error)If you have seen that GME has a catastrophic drop, don't worry GME will split for 1/4 of its value so more investors can invest in their stock.
GME 7/1/2022No More Games
Its going to be a "short" summer for these bag holding fanboys.
GME Daily chart Analysis
Please see my previous post for analysis
will be adding to my existing short trade
Entering trade short
Entry: 121.79
Stop loss: 155.20
Target:78
GME - FREEDOM AT LAST!GME weekly chart - by now most of you already know... Technical indicators and chart dynamics pretty much say it all.
Financial FREEDOM in our time! Adding to shares - on the split.
Maybe the shorts have a little more fight left, but not much I think, and it doesn't really matter. Tick Tock.
Holding for GLORY! Dedicated to most truth spitting fool I ever knew - HYPERTIGER.
NFA.
Gamestop Falling wedge confirmed on weekly,
long once weekly close above wedge. possible retest once broken.
AnalysisHi! As you see on the chart we have an uptrend after a breakout with force of the resistance line. thanks.
The Ultimate Dorito (Dorito of Death)TLDR: moon soon
Major, major breakout today like nothing we've ever seen. Increased volatility. Made Dorito orange so easy to understand. $150 BABY LET'S GO. Please zoom out chart goes back to IPO.
Stock split incoming - where next for GameStop? GameStop
Short Term
We look to Sell at 149.60 (stop at 158.76)
Preferred trade is to sell into rallies. Trading within the Channel formation. Bespoke resistance is located at 150.00. Our bias remains bearish and further downside is expected to target support at 115.00.
Our profit targets will be 116.08 and 101.00
Resistance: 150.00 / 190.00 / 200.00
Support: 115.00 / 90.00 / 77.00
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GameStop’s stock price in the lead up to its stock split
It has been a volatile four months for GameStop’s (NYSE:GME) stock since the company announced its planned stock split on March 31.
Four-for-one split
On March 31, GameStop disclosed plans to carry out a stock split by boosting its share count to 1 billion from 300 million. A stock split does not necessarily increase a company’s market capitalization, but it makes a stock more attractive and more affordable for small investors.
At the time of the announcement, GameStop said the move would “provide flexibility for future corporate needs.”
The plan secured board approval on July 6 and on Monday, July 18, shareholders will receive three additional shares for each of their class A share, which will be distributed after the close of trading on July 21.
Stock price since split announcement
In the four months since the announcement of the split, GameStop’s stock has fallen to as low as $77.77 on May 12, and to as high as $153.00.
On Friday, the company closed 4% higher on the New York Stock Exchange, and 3.5% higher on the following Monday at $146.64, an almost three-month high.
Based on its closing price on Monday, the split would mean that GameStop’s share price would only cost around $36.
Stock split mania
GameStop’s move follows that of tech heavyweights like Apple (NASDAQ:AAPL) and Tesla (NASDAQ:TSLA), which enacted stock splits in 2020 and new stock splits by Alphabet (NASDAQ:GOOGL) and Amazon (NASDAQ:AMZN) this year.
The need for Alphabet and Amazon stock splits were as expected as their share prices have hovered around $3,000 in recent months.
But for GameStop, some financial watchers have questioned the company’s intent to do a split as its financials are failing to keep up with its stock price. In the fiscal year ended Jan. 29, GameStop incurred a net loss of $381 million, up 77% from its $215 million loss in 2020. That is despite revenue climbing to $6.01 billion from $5.09 billion.
There have also been concerns that GameStop may be going out of business as the company had announced store closures and booked millions of dollars in debt.
In its most recent earnings report, however, the company’s first-quarter revenue beat market estimates, which some have attributed to its shift towards a more online-focused model. The company had earlier disclosed plans to foray into non-fungible tokens or NFTs by the end of the second quarter of fiscal year 2022.
The plan has raised some eyebrows from market watchers including Wedbush analyst Michael Pachter, who described the move as “nonsense,” saying it will "have no NFTs for sale and no customers, and wallets they are providing will be empty."
GME closes above 200 DMA for the first time since AprilVery bullish with the 4 to 1 stock split along with 2-3 million in FTD's coming due this week after t+35, and very high borrowing costs.
This might be the perfect storm to break the Doom Dorito for the first time ever.
GME buys at yearly M2 pivot Pro traders buy at M2 pivot. Even in this volatile stock the safe buy is at M2
NYSE:GME Coinbase NFT has processed 1% of GameStop NFT’sGameStop Corp. is an American video game, consumer electronics, and gaming merchandise retailer. The company is headquartered in Grapevine, Texas, and is the largest video game retailer worldwide.
GameStop’s new Ethereum-based NFT marketplace has been live in beta for a little less than a week. First two days in beta, moved well over 3,000 ETH. That's minuscule compared to OpenSea, but it beats Coinbase NFT. GameStop is looking to compete against OpenSea, the biggest NFT marketplace, which has generated some $17 billion in transactions this year. The company sees Web3 playing a major role in gaming. GameStop’s CEO, Matt Furlong, says, “We firmly believe that digital assets are core to the future of gaming”
GameStop NFT currently offers only artwork NFTs, but intends to launch a suite of gaming NFTs, which can be used as interactive items within video games. In February, GameStop launched a $100 million token incentive fund with Ethereum layer-2 scaling solution Immutable X to support development of NFT-compatible video games and products. The marketplace website notes that gaming NFTs on Immutable X are “coming soon,” and currently teases 13 NFT-compatible games that will have products available on the platform for purchase.
In the time since GameStop NFT launched on Monday, for example, Coinbase NFT has processed $31,000 in sales: that’s less than 1% of GameStop NFT’s business.
GME make it or break it zoneIt's been a while since I last looked at the GME chart. GME is looking very interesting here. Now GME is in the make it or break it zone. Technically speaking, chart pattern wise, down towards $50 or up into the +$150s is most likely going to happen within the next 2 weeks. Bears & bulls should be careful here.
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
Gamestop triangleThis long term triangle pattern has been setting up for over a year now so could potentially be a very large breakout, perhaps coinciding with the upcoming stock split.
4 to 1 Dividend stock split announcedTimeline is now set to July 22nd. Who will be the first to give in and buy back their shorts? They might survive.
All shorts to be called in.
200 MA is at 145
above 160 is where it gets nutty. Would like to see a full 1-2 closes over 160 and after that we should start seeing large margin calls come in.
GME Busting through Major Resistance GME is not only now Boomin in the NFT market, along with 7 days until a stock split dividend, but it is ripping! Have we made to MOASS???? Stay tuned I’m Bullish AF
