GME WARNING ! PLEASE BE CAREFULEven though it's driven by community but I believe that graph already tell everything. I think it's gonna significantly fall at least in shortterm soon. Please be careful and keep your discipline strongly GOOD LUCKShortby weerawat_supsPublished 1
$GME Day Trading Strategy With Our Proprietary Indicator.We entered our long position on Thursday, June 13, and exited this morning with a small profit using our day trading strategy with our proprietary indicator.Longby AlgoTradeAlertPublished 3
GME consolidation before the squeeze [History will repeat] The 2021 squeeze started as the 20 EMA on weekly chart flipped above 50 and 200 EMAs. Right now we are very close to the same event (which has not happened since then)! Give this a 1-3 weeks of consolidation and the squeeze will eventually happen! πππ΅ Longby TradeTalkFarsiPublished 1110
Time to switch from Momentum trading to mean reversion in GMENYSE:GME The latest Short Interest data has been updated recently by FINRA. Keep in mind that SI data always lags by two weeks as they are introduced. The SI data with a settlement date of May 31 shows that SI has dropped from 22% to 15%. This is a massive drop as it is the lowest number of shares short in nearly 2 years. This also explains (in hindsight) why the gap up on the next trading day (June 3rd) immediately fizzled as there was not as much juice to support the run as before. See chart image below for SI and other financials. We are now in dicey territory. GME is not a small cap stock; it's a $9.5B Market Cap. Investors reacted differently to it this time than they did the last time Redditors took this stock to the moon. Investors quickly abandoned their shorts. They are much less stubborn this time around than last time and certainly don't want the headlines. Thus I would argue that looking for momentum breakouts maybe reckless here. There is a good chance that this stock is done for and will peter-out back to it's normal downtrend. But whether it does or it doesn't, a mean-reversion trade is in order. Either as a dead cat bounce or as a setup to shake out unserious hands, lure in shorts and gather enough momentum for the next bullish attempt. Blue arrow at $21.54 shows minor resistance (TA shown on black & white chart) but I think we will get a flush down to the cyan arrow at $18.06. I will be looking to buy it there. Anyway, that's what I am doing with my money, you do you. Good luck.Longby ConvictionTradesUpdated 224
GameStop Corporation _ Under _ Trading _ Venue _ NYSE. GameStop Corporation _ Under _ Trading _ Venue _ NYSE. I'm not going to write formula for this asset class as it is clear where is dropping! I do hope this will help some retail investor so they don't lose money. I will write the whole data once the lower prices are corrected first. First will drop to the following prices: $17.47, $15.22, $12.18, $11.38 ______________________________________ If Above lower retest corrected (a) I will be writhing the whole data, (b) I will be covering deep management risk and will write a strategy for the correct level of entry and execution level. _______________________________ For longer term as long as the above retest are done correctly and 2 further support are confirmed then do expect the following distribution prices. $29.83 $31.09 $37.83 $40.47 $42.17 $48.76 $50.74 $57.09 $63.66 $74.42 Longby Skill-Knowledge-ConductPublished 2
GME - A local Higher High is LikelyHello all, just a man following those pennies. The structure I am seeing on GME hints at a likely higher low to form Thursday (6/13/24). I do believe that there's a significant likelihood we see a bullish sweep, and looking at this overall structure I do believe a higher local high (above $34) will be made. However, the long-term picture of this, suggests a likely fall in price after this next move. Will be watching to see how this pans out, but I plan on taking a low risk trade in the Morning given pre-market isn't a slaughter below $22.85 range. Who knows, sometimes GME moves so fast and with such volatility we could gap up with insane momentum within the first few trading hours leaving me unable to take this trade. Even if I were to go short via puts/stock on the rise, the risk and gamma squeeze would leave me disinterested. Let's see how tomorrow opens. The pennies suggest a higher low. have a good one :)by ThePennyManUpdated 449
GME to $14.25GME to $14.25, clearly, broke the triangle to the downside, hourly turning down, that's my estimate.Shortby LittleCashPublished 441
GMEideas about the movement of the GME stock for the year πππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππby vip3rgrPublished 3
GME - Week of June 17, 2024NYSE:GME - Thesis - Management is Ryan Cohen; the buffet approach - With over $4 billion in cash, Game Stop has a better Price-to-Cash valuation than plenty of companies inside NQ. - RK comes back after a three year hiatus, with transparency of his portfolio. - Market structure is forming a moon landing to $120+ per share. - And with a cultist group of degenerates (like myself); Hedgies Getting Wedgies - Dumb Money 2 will be made. Despite all of this.... I can be totally wrong & management could rug pull everyone and it goes straight down to zero. Nothing I post is financial advice nor investment advice.... I simply like this stock!Longby AnthonyGarciaEthUpdated 14
MOASS INIATED"π GameStop's Gamma Ramp Unleashed: Decoding the Options Surge π Explore how gamma ramps are reshaping NYSE:GME 's volatility landscape. From explosive short squeezes to strategic plays, uncover the power of options in this retail-driven phenomenon! π₯ #GameStop #GammaRamp #OptionsTrading #StockMarketby StranglemaniacPublished 3
Upcoming Move on $GME Before July 2nd, We can anticipate a HUGE move upwards on $GME. RSI looking bullish and MACD is about to turn green. Breakout is imminent. The first target should be $81 Longby JpDizzle4ShizzlePublished 9
$GME Trading tipsstocks always seem to follow certain technical analysis although can be broken, also the norm is 3 touches to either resistance or support.Longby thatbushguyPublished 6
I look at this chart and feel bullishMy gut instinct is to long here (just from the pure chart itself). There is nothing fundamental about this idea, aside from the fact that GME has a market cap of 10 billion, which is low enough to be pumped. The overall liquidity cycle reverted and is rising. In this stage of the cycle, memecoins and stocks rising just from belief / attention alone is very possible, in fact it is more likely to happen than not. "Tap into the heart and soul of the increasingly desperate, degenerate, jobless, lonely, addicted - generation moonshot" All it takes is a spark to light the fuse. Longby r90000Published 3
$GME Up Up & AwayKey resistance support levels set up and will be trimming position heading into the $40 level. MACD Cross + RSI Cross/Uptick + Broke above 7D SMA. Bye bye.Longby JesseGdotIOPublished 10
GME 6-14-24Targets for the day on GME. This is not financial advice. Use stop loss and don't forget to take profit. Longby SkywardOnePublished 6
GME & Roaring Kitty! Is party over? Roaring Kitty sold his calls for a lovely profit. Rolling those profits directly into common shares. He has no amaased over 9 million shares. Matching the exact amount of Ryan Cohen in 2020 This deep value trader is certainly not done with this stock. 06:15by Trading-CapitalPublished 2214
Gamestonk to dah moon4B in cash, no debt. Beautiful quarterly chart closing. May take a year, may take a month. Embrace left curve thinking. We like the stonk. Longby CryptoParadymePublished 117
I like the stock to $42Good afternoon traders, I like the stock and the price action with confluence of other variables. I am long. Weekly line chart Price action basics I learned. New low/same range as sent it up holds try again Monthly Line chart. NYSE:GME to $42 blaze itLongby UnknownUnicorn29592158Updated 6616
$GME AlgoTradeAlert Algorithm Momentum Indicator Our strategy is to wait for the large green dot to enter a long position. Today at 12:30, we got our large green dot buy alert. We never trade with emotion. By eliminating emotion, we can trade successfully and make huge profits that will pay for the software 10 times over. NYSE:GME #gamestopLongby AlgoTradeAlertPublished 224
gme long Hey, I've been watching the chat but don't yet have the karma to get into chat yet. so Here I'm publishing an idea. looks like we've been in the upper bound of vwap. i don't really know what that means but I think gme is going to touch 30 today and bounce back down. Longby spethoscopePublished 115
Next idea for GMEPeople have to hate this market. It rewards patience, and punishes chasing. Here are my new levels for $GME. If you missed the previous calls, we absolutely nailed it. Stay patient.by mandelscPublished 113
$GME AlgoTradeAlert Momentum Algorithm IndicatorNYSE:GME AlgoTradeAlert Momentum Algorithm Indicator We never short growth stocks or stocks with a lot of volatility. If we were short, we would have covered our short position and gone long. Instead, our strategy is to wait for the large green dot to enter a long position. On June 10, we got that large green dot and we entered into a long position. Yesterday at 13:20, we exited our long position with a fantastic profit. Today we are going to repeat the process and do it all over again. Wait for our algorithm to give us a buy alert to go long. Longby AlgoTradeAlertPublished 446