0A6L trade ideas
GME Update - Continuing to see signs of our bull-algorithm!If you watched my first video, you'll know we are continuing to look out for signs of teal taking control of price and then shifting control over to a buying continuation algorithm. We understand where we're at in this whole process!
Happy Trading :)
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. 🚀📊
GMS Gamestop Trade Idea and Update (previous video)We can see that GME Gamestop has rallied. If you haven't already it's time to move your stop loss to break even from my last video trade idea. In this video we look at price action and discuss a new trade idea. But ways this is for educational purposes only and not to be construed as financial advice.
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. 📈🚀📊
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. 📊✅
$GME Algorithm Buy AlertOur algorithm gave a buy alert today, and we entered a long position at 1415 for a day trade. In addition to our algorithmic signals, we incorporate other technical analyses to inform our trades. A downtrend line, for instance, provided added confidence in our decision to take a long position for this day trade. We monitor a handful of stocks, with NYSE:GME among them. It's worth noting that we focus exclusively on long positions and avoid shorting growth stocks like NYSE:GME
Willy Wonka's Anxiety Factory - GME (Stay strong my friends)I know I know I know i shouldn't feed into this madness but I guess I caught the bug and its got a hold of me good.
This Sideways Triangle #TA could eject down or go to the moon. No one can tell the future but this is a classic Technical Analysis Pattern. Watch out either way and be ready for some swings fellas.
We got turbulence on this flight!
-KD
Another GME Rally?Overview
Usually I stay away from meme stocks but when opportunity knocks, I can't help but check the door. NYSE:GME appears to be gearing for a double bottom pattern which may see another spike in the share price back to $65. I haven't extensively researched the idea I'm about to present so please take it with healthy skepticism but in my few years of trading I believe I've noticed a trend: when the traditional stock market is doing well, crypto and meme stocks sink. And when the traditional stock market begins to fall, crypto and meme stocks rise. I chalk it up to recycled profits being moved from one market to the next.
Technical Analysis
Dwindling share value on decreasing volume; MACD and MFI have retreated from overbought territory; MACD and RSI are both underneath their signal lines which suggests the next cross will be from beneath which is bullish (the question is when it will cross though).
Because of GME's past volatility and unpredictability, it would be best to approach this asset like a lottery ticket. You don't expect to win, but it's fun to play.
we will seethere are so many bullish things going on in the chart:
1. Strong breakout of multiyear dorito
2. Forming a new bullish dorito
3. Forming a bullish flag
4. RSI being neutral
5. Loaded call options chain
6. SEED_TVCODER77_ETHBTCDATA:4B in cash providing ~200m of revenue just sitting in bank account
7. New consoles launching in 2025
8. RK meme streak
Not financial advice.