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GAMESTOP CORP. AGAMESTOP CORP. AGAMESTOP CORP. A

GAMESTOP CORP. A

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GAMESTOP Can it repeat the crazy run of 2020/21?GameStop Corporation (GME) has been consolidating during the past 2 weeks and lately have found support exactly on the 1D MA50 (blue trend-line). Early in May it gave the first signs of breaking above its recent 3-year Bear Cycle. The rise was almost as strong (+520%) as the one that made a temporary high on October 22 2020. Both formed a 1D Golden Cross. The main support of 2020/2021 was the 1D MA50, so technically as long as it holds (even a marginal break would be ok), the probabilities for a new High remain alive. Practically the sequence that led to the recent bottom is quite similar to 2019/20. If history keeps repeating itself then we could be looking at a +18630% from the bottom, which price-wise is translated to $1800. The times are of course different and GME's whole move was based on the 'meme' retail investors crusade against the big hedge funds that were shorting the price. Also those were post-pandemic times with very low interest rates and cheap money that could easily be diverted to extremely risky assets such as GME. Volumes were more easy to be achieved. Do you think history will be repeated? ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:GMELong
by TradingShot
9
GameStop (GME) more than ten doubled, now it can do it again.Technical Analysis of GameStop Corp. (GME) When we look at the bigger picture and weekly chart for GameStop Corp. (ticker NYSE: GME) then we now see a very interesting technical picture for the stock. The share had a wild rise of over 1,000 per cent in less than a year from the end of March 2020 to the end of January 2021 (cf. weekly chart). GME shares rose from under USD 1.00 to a high of around USD 120.00, before a major correction came down for the stock to a low of around USD 10.00. Then the share recently had a strong rise again to above USD 50.00, and then fell back somewhat again to today around USD 24.00. The share now finds good technical support around the USD 24.00 level, and the share has also triggered a strong technical buy signal from breaking up from a large falling wedge consolidation formation (cf. weekly chart here). Thus, the GameStop stock may now be at a very interesting level to buy the stock at. According to technical analysis theory, an upswing after breaking up from such large consolidation formations (and as here breaking up from a very large falling wedge consolidation formation for GME) is often expected to have a similar upswing as the upswing that preceded the consolidation formation. This is marked in the chart here with green dashed lines, and it now indicates a potential for the GME share up to around USD 2,000 - 3,000 in the 9-12 month term. So GameStop Corp. (GME) may now be at a potentially very favorable level to buy the share at, and the potential could be enormous. What could change the now very positive technical picture for GameStop stock would be if it were to break down below an important technical support level around USD 14.00. With today's share price around USD 24.00 and a stop-loss around USD 14.00 and a possible potential for the share around USD 2,500, yes, there is now a good risk-reward here in the share case GameStop (GME).
NYSE:GMELong
by StockCharts365
1
$GME: Summer rally inbound. Strap in!!!Hello everyone, I’m back with another analysis. First, a quick nod to Leenixus for the incorrect predictions over the past three years, which unfortunately misled many. Let’s review some history. During 2020-21, the indicators were overwhelmingly bullish, with hourly, daily, and weekly measures all above the monthly. This setup led to a wild, rollercoaster ride in stock prices. From 2021 to 2024, the indicators aligned bearishly, resulting in a gradual downtrend. It wasn’t until the hourly and daily crossed above the weekly that prices tested the monthly levels (refer to my previous post for details). Looking ahead, I anticipate a significant surge in the coming weeks or possibly the next month, should the weekly cross above the monthly. For this bullish cross to materialize, prices must maintain above both the monthly and weekly levels. This transition may not trigger an immediate reaction, but I expect a price movement similar to what we saw from December 2020 to January 2021. Our price target is derived from a Fibonacci retracement from the high in March 2021 to the low in April 2024. For GME to reach new heights, it will need to overcome resistance in the $30-40 and $60-80 ranges. Breaking above $80 could propel the price to test $120, and beyond that, we might see it soar to $200 or higher. As always, this is not financial advice . Happy trading!
NYSE:GMELong
by SierrasTrades
1
GME - BULLFirst shot on this Bull has arrived Here is a prediction for you all given the fact that the movie #Dumb #Money is out. This has 3 targets and yes it has officially just started. I would expect a drop to 10 with confirmed lower structure for the hold and switch. All relevant structure is applied and you will see what it does at each of the points so feel free to follow along as a demo of my plugin (#UBS). #GME #BULL I will add to this as the idea develops... The targets are Time-frame specific likewise the stops...
NYSE:GMELong
by elitetechfx-daily
18
$GME - Tight as some hamstrings - We hit ATH, or a snapped ACL?New class action just dropped. Looking tight on consolidation though. Consolidated out of bearish into the bullish channel of it's bearish divergence. Roading kitty attention on CHWY, what does that do for this? Has the legacy been passed to the apes? Is he holding both? He disclosed his CHWY trade, so he'd disclose a GME sale... right? Waiting for this thing to run up again to get some puts on the way down. You love to hate me for it but we're all playing the same game. Some just play it differently. No trade advice. I dunno notin
NYSE:GMEShort
by mike-ai-automation
1
GME, get ready for landing at 10Overview GameStop Corporation (NYSE: GME) appears to be in a bearish trend with recent price actions indicating potential further decline. This idea explores a short-selling strategy based on key support and resistance levels identified in the attached chart. Technical Analysis Resistance Levels: $27.78: Major resistance zone, indicating a potential reversal area if the price attempts to rally. $25.00: Immediate resistance level, critical for short-term bearish sentiment. Support Levels: $18.61: Initial support level, a break below this level could accelerate the downtrend. $13.60: Intermediate support level, likely to see some consolidation or minor bounce. $9.92: Major support level, a target zone for significant bearish movements. Current Price Action: The current price is around $24.07, just below the immediate resistance level of $25.00. The price has been consolidating with lower highs, indicating weakening bullish momentum and potential for further decline. Volume Analysis: The volume pattern shows decreasing buying interest and increasing selling pressure, supporting the bearish outlook. Trade Setup Entry: Short entry at or near the current price level ($24.07) or after a retest of the $25.00 resistance level. Stop Loss: Place a stop loss just above the $25.00 resistance level to limit potential losses. Target Levels: Primary target at $18.61 Secondary target at $13.60 Final target at $9.92 Risk Management Position Sizing: Adjust position size to ensure risk per trade is within acceptable limits, typically 1-2% of the trading account. Trailing Stop: Consider using a trailing stop to lock in profits as the price moves in favor of the trade. Conclusion The technical indicators suggest a continuation of the bearish trend for GameStop (GME). This setup provides a clear strategy for short-selling with defined entry, stop loss, and target levels. Traders should monitor the price action and volume closely to adjust their strategy as needed.
NYSE:GMEShort
by Rendon1
9
Where's GameStop Headed? Is there a future?Will the future revolution be tokenized? Is this a dying retail company headed for certain doom? Seems Ryan Cohen has managed to turn around this company and the launch of GameStop NFT Marketplace trademarked under: "GMerica" The company is also now debt free and C is finding ways to take care of employees as well as bring value to GME How does the market feel about NFT? NFT - "Non-Fungible Token" which are unique digital identifier that cannot be copied, substituted or subdivided. Everything is recorded on blockchain used to certify ownership and authenticity. - Transferable proof of ownership. Potential Applications: - Art -Games -Music -Apps -Movies -Books -Tickets -Stocks - Potential to fix problems with Wallstreet. Can future trading be done on blockchain? -Authentication -Counterfeit protection -Asset titles - Loans/Mortgages - 100% verified ballot voting Let's take a look at the Elliott Wave Analysis: Have you DRS'd?
NYSE:GME
by Azzzz
11
GME Gamestop Technical Analysis and Trade IdeaIn a recent video, I covered a trade idea prior to the Gamestop (GME) bull rally. Since then, we’ve observed a significant bearish movement. I’m closely monitoring the current price level for another potential buying opportunity, provided that price action aligns with my analysis from the video. The market is currently moving sideways, and if we wait for increased volatility above and below the range, we might be able to capitalize on a bullish trend by entering a break re-test and fail of the range on the 15-minute chart if we see higher highs/lows forming. The video covers critical elements, including trend analysis, price action insights, market structure, and a potential trade setup. Always exercise prudent risk management when trading, and keep in mind that this information is purely educational and not financial advice. 🚀📊
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NYSE:GMELong
by tradingwithanthony
13
GME Gamestop Technical Analysis and Trade IdeaIn our recent video, we conducted a concise technical analysis of GameStop (GME). After a bullish rally, GME became overextended, hitting resistance levels and subsequently retracing significantly. Currently, we’re closely monitoring key support levels. Our primary objective is to pinpoint an optimal buy entry point within this critical support zone, provided that price action aligns with our analysis from the video. As always, our video provides valuable insights into trade entry points, trend analysis, market structure, and price action. Remember that this content is for educational purposes only and should not be considered financial advice. 📈🚀📊
NYSE:GMELong
by tradingwithanthony
4
GME Gamestop Technical Analysis and Trade Idea👉 In this video, we closely examine GameStop (GME). The stock has been range-bound for some time, showing lower highs and lower lows, indicating a slight bearish trend. Despite this, my focus is on a potential long position rather than shorting the stock. We explore a possible buying opportunity if the price action aligns with the scenario discussed. If the price continues to decline, we will abandon the idea. In the accompanying video, we delve into the trend, market structure, price action, and other crucial elements of technical analysis. Remember, this video is purely educational and not financial advice. 📊✅
NYSE:GME
by tradingwithanthony
13