GME 15 MN TREND PREDICTIONI think it’s going to go back down, hit that trend line and bounce back up, if you are scalping I suggest you take that trade and sell when it hits the resistance level
GME trade ideas
GME - Short - LongGameStop 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.
GME is making lower highs. GME is expecting to go lower by making more lower highs.
may see another rejection from trend resistance 🔴will history repeat or will it finally break trend resistance, lets not predict lets react.
long trigger at 156.06, short trigger 112.58
GamestopWe buy in gamestop, in short term i expect also a continuation of buyers once it break the resistance
Is the short squeeze over ? GameStop reported earnings last week on June 1. Earnings were a decidedly mixed bag with revenue topping estimates, but GME posted a surprise loss to register a big miss on EPS.
In this type of market environment anyone who misses on EPS or has negative EPS its an automatic sell or short for me.
please keep in mind these are my personal thoughts and they could turn out wrong.
previous forecast:
Gamestopwe sell gamestop a reversal signale is appeared,we double sell if it confirmed by the break out.
GME_60FIBGreat find set up for a possible quick possible 14.7% to a 29.4% return if earnings goes well....
$GME - Single Day Runup Event on the 7'th of JuneNot Financial Advice.
Based on new research i haven't yet released due dilligence on, i've discovered another indicator that tells us 1 exact date where a price move for GME and some other stocks like BBBY etc are going to happen. I'll be posting the new due dilligence on this indicator once i've seen that it actually works.
Based on the data i got out of the OCC's site, and if i've understood it correctly, there will be a 1 day runup event tomorrow with an upside or downside (most likely upside) of 25% on the underlying for GME. Can't tell much about the other stocks.
Just like GME suddenly ran up on November 3 2021, Feb 7 2022 and on a few other dates, the next single day runup event is basically tomorrow Tuesday June 7.
The details of how this works will be posted on reddit on /r/fwfbthinktank once and if this theory turns out to have bones. And of course if this works, i'll be able to tell you all the next dates of similar run ups for GME.
Not sure when i'll be entering this trade, it'll be either today EOD or tomorrow on open. My PT for this is $165 or +25% from today's closing price. And as a reminder, this could be a negative -25% event too, but i'm 80% confident that it'll be a positive runup and not a negative one.
GameStop Logarithmic ExponentialsParabolic analysis of GameStop, a fascinating chart in term of trend behaviors and algorithmic short-selling.
Bull flag on GME? Or pump fake? Upward pressure can cause GME to squeeze up to $190 to test that $200 mark. But a sell off below $115 can bring us back to $60. Time will tell.
GMEfor GME stock is in a downtrend, if the price breaks with force $150, it will look for $190 otherwise it will continue its downward movement towards $90
Analysis-downtrendAs you see on the chart we will have a big probability of a downtrend becauce we have a breakout of the support line and the vwap indicator.Thanks.
GME - Power Up!GME appears ready to rip to the upside and there are plenty of reasons to be bullish on the stock here. Recent earnings as reported last week were solid, especially considering the bearish macro unfolding in the broader markets. Further, the company has no debt - and appears to be reinvesting in itself and looking to the future with eyes wide open, embracing the expanding NFT and retail gaming marketplace aggressively and intelligently and doesn't seem to have any actual viable competitors in this arena. BULLISH.
And most exciting the stock split/divided initiative was overwhelming passed by shareholders at the recent annual shareholders meeting held on June 2nd, allowing for up to 1-BILLION shares to be issued by the company.
Once moved on, this new share issuance will allow GME to increase their war chest, remain debt free (huge considering the current upward direction of interest rates) and will put added pressure on remaining shorts to cover and close-out their positions.
Technically speaking the daily chart looks great with another break-out occurring on May 25th. The double bottom print held nicely and with the price back above $130s there is much better long-term support for the price to move higher. The Moving Averages (MAs) are supportive, and the MCAD flashed a buy signal on May 25th. Also included is the belkhayate timing indicator (thanks lazybear) which looks to be pivoting back bullish and is above the "buy line" here. Similar set-up as the bull run back in late May 2021, but this indicator appears even more bullish this time around... In terms of timing - the 90-day 'high to high' algo that has been consistent in the longer term for GME (and many other retail stocks) could be back in play here. If this timing holds - look for a new interim high by the late June/early July. Price Targets = #1 = $200 (retest of last break-out's high on March 29th), #2 = fill of the price gap located at ~$292.xx. And obviously, if the shorts start covering in mass - price could squeeze much higher.
In terms of wave structure there still a chance GME could retest the low $80's again for a triple bottom formation. Will be watching closely next week. However, given the now over-extended 100% utilization, ever increasing CTB rates, and the pegged OBV, I think GME moves higher from here. Looking to add to shares and will carefully consider OTM calls early next week with the price targets/timing as outlined above in mind.
POWER TO THE PLAYERS !
Not financial advice.
GME entering another very predictable down channelNote that the new downward channel slope parameters are merely cloned from the last one. Shorting GME after short term spikes exhaust themselves is a really easy and obvious thing to see.
Analysis-downtrendOn GME as you see on the chart we will have a big probability of a downtrend.thanks.
GME Weekly Chart $2 to $500 to $77 to ? Seems to have double bottomed around $77, the weekly chart is just one massive bull flag. Time will tell.
This PoC may be a magnet for gamestop after its earnings tonigh!NYSE:GME
GME is prone to a short squeeze, according to Fintel, and here I show that the fixed range volume profile introduces a PoC that may be relevant for price to rally to, after earnings.
The options market is pricing in a 19.5% move for GME following the earnings tonight. This wild one can go down, too .It can go anywhere, or nowhere. But I reckon, $150 next?
Gamestop (GME) Earnings AnnouncementGAMESTOP (GME) $122.4 Pre market Prev. Close $124.7 (down about .02%) @ time of analysis.
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EARNINGS ANNOUNCEMENT AFTER MARKET CLOSE WITH an EPS(earnings per share) estimate of -$1.45 and Revenue estimate of $1.3B. GME missed last 3 quarter EPS estimates and surprised last 4 revenue estimates. GME net income and revenue was on a steadily decline from 2018 - 2020 with a noticeable increase in revenue but still declining net income from 2020 - 2021 end. Debt/Assets (56%) has improved within last 5yrs with debt on a steady decline and major increase in assets( from 2020 - 2021 ). GME is currently and hasn’t been in a long time free cash flow positive. (Basic Fundamental Analysis)
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Fundamental Analysis Personal Opinion: GME isn’t investable but short term tradable. Bearish sentiment overall in my book on this company. Isn’t investable but tradable ( buy the rumor sell the news). GME share price is on a short term uptrend since May 24. Currently trading below MA60 on 15min chart timeframe but all other timeframes indicates a short term uptrend still exist.
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Chart Analysis Personal Opinions:
- Daily Chart: Downtrend continuation or beginning of a strong short uptrend.
- 2hr Chart: Pullback from previous breakout or a continuation downward (Stoch RSI, candlestick pattern and price action signals a strong sell though)
- 1hr chart providing detailed price action of 2hr chart
- 15min Chart: Trading in a range ( $120.4 - $140 ) Support and downtrend line - would wait until above MA60 or breaks above or below levels.
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Trade for the upcoming BONUS: FCF (Free Cash Flow) - a company share price will always reflect the free cash flow trend. Trending down in FCF, the share price overall will trend downwards and vise versa for an increase in FCF.
#investing#tradingforex#tradingsignals#bearmarket#bitcoin#cryptocurrency#swingtrading#daytrading#investments#money#forex#learntotradestocks#learntotrade#stockmarket
GME 5/25/2022GME
Game stopped. “Investors” aka bag holders holding on to hope not realizing what is low, can go lower.
Multi timeframe analysis.
Daily Chart
Price is currently in the middle of a down moved. It is one lower low away from confirming major downtrend.
Price is currently still under both 200 and 50 ema confirming bearish conditions. Price at 50ema
1HR Chart.
After price reached low of 78.38, it bounced up where it found resistance in 100 area
Price flagged and broke out on a parabolic move. Parabolic moves on breakouts are susceptible to false breakouts.
The breakout parabolic move is running into 200ema which is acting as dynamic resistance.
We also have an overbought reading on the Stochastic indicator.
Expecting parabolic move to be a false breakout and price to fall back into range and break down to 78.
On the daily chart, we have extreme bearish conditions. Death cross, breakdown from long tern range, and we have a possible existing downtrend with price coming into resistance @ 50ema
Then on the 1hr chart, we have a parabolic move into resistance @ 200ema with an overbought stochastic.
GME has a lot of sell pressure on both charts.
Overbought stochastic reading at resistance level is my cue to enter trade short.
Entry: 113.73
Stoploss: 123.07
Target: 78.00, 31.36%, 3.78 RR ratio
$GME - The Next Bull Run - May 24 2022I'm not gonna write a lot, you know the drill by now. The quarterly SLD cycle is here and is about to happen. Some changes due to SR-NSCC-2021-002 may cause the cycle to move ahead +1 week into June 1 - June 6 ish.
Invest responsibly, this is not financial advice.
Potential Trade Setup for GME retracement - GameStopIf Gamestop retraces from the Thursday high, and comes back in to the golden Zone, one could try to get in for another push.
Stop below 100$
