1GME trade ideas
GameStop (GME): What Lies Ahead ?A pivotal moment as the stock breaks through the channel with a bullish surge, hinting at a potential shift in market sentiment. Here's a closer look:
Positive Indicators:
• Financial Resilience: There are signs that GameStop is gaining control over cash burn and losses, suggesting a possible turnaround in its financial stability.
• Margin Expansion Potential: Optimism brews around the prospect of improved margins, driven by a strategic shift towards higher-margin software sales and ongoing cost-saving initiatives.
• Strategic Capital Raise: GameStop's decision to capitalize on the recent share price surge by issuing shares at a premium indicates a proactive approach to bolstering its financial position.
Challenges and Concerns:
• Earnings Reality Check: Q1 results falling short of expectations raises questions about GameStop's ability to adapt to evolving market dynamics and meet investor demands.
• Management's Communication Strategy: Limited engagement with investors, marked by the absence of conference calls or Q&A sessions, fuels speculation about management's long-term vision and transparency.
• Sales Dynamics: A complex mix of declining hardware sales, shifting software preferences, and the rise of subscription services presents formidable challenges to GameStop's growth trajectory.
Navigating through this landscape of opportunity and uncertainty, investors are left to ponder whether this bullish surge marks a genuine turnaround or merely a temporary reprieve in GameStop's tumultuous journey.
Disclaimer: Market movements are inherently unpredictable. Always conduct thorough research and consider professional advice before investing.
GAMESTOP SOARING from $25 to $111 - $168 range.GME just got $1 BILLION dollars in funding. Price expected to rise past all short squeezes in the $120 - $168 price range. This stock just went from a simple meme to opposing sides on institutional traders that even Kramer is beginning to call it a good investment (not that his opinion matters at this point with the amount he flip-flops with retail investors money)
Invest smart, invest hard. This one's to the moon.
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Roaring Puppy 🐶 out.
$GME Show me the tendiesIf we bounce from $20.20 (gap needs to be cleared) I would expect a move back to current highs - $64.83.
Once the current high is taken out at $64.83, I would expect a move to my wave 3 target.
It's all doable but will take patience and large amount of buying from retail investors from ITM calls options to send this rocket!
Hindsight is a wonderful thing, so time will tell.
Wave 3 target = $432
Wave 4 target = $65.60
Wave 5 target = $2852
GMEWith the new issue sold out in one week and $2 billion now on the balance sheet things are looking up. Non performing store closures should begin to show up in the bottom line in the near future. The question has been raised as to how much shadow short interest actually exists on this security… how is that a thing/is it really a thing?
The chart has a trading range which once broken should result in a big move in either direction. With Apes holding strong…
I’m in for the potential short squeeze moonshot!
GameStop Surges After Company Completes $933 Mln Share RallyGameStop shares ( NYSE:GME ) surged 20% on Tuesday after the video game retailer successfully sold 45 million shares worth roughly $933.4 million, capitalizing on a recent meme rally in its share price. The sale helped the company capitalize on a recent social media-fueled meme rally that saw the stock soar around 135% over a two-day period earlier this month. Traders may book profits in GameStop shares around $27, an area on the chart where a May 13 gap sits in close proximity to a key horizontal line connecting a series of price action over the past 19 months.
GameStop ( NYSE:GME ) initially announced the share offering on May 17, several days after the peak of the social media-fueled rally, saying it planned to use the proceeds for general corporate purposes, such as investments and acquisitions. Although the company did not disclose the sale price of the shares, it said it executed the offering at-the-market, meaning it sold the shares at the prevailing market price, allowing the retailer to cash in on a portion of the meme-driven gains.
Investors will gain further insight into the company's financial position and outlook when it reports fiscal first-quarter earnings after the closing bell on June 5. GameStop ( NYSE:GME ) has given up about 70% of its gains in recent weeks, with the price falling towards a multi-month downtrend line. In upcoming trading sessions, investors should pay close attention to the $27 level, an area on the chart where traders may book profits near a key horizontal line connecting a series of price action over the past 19 months.
Technical Outlook
Gamestop stock ( NYSE:GME ) is up 14.32% as of the time of writing, forming a "golden cross" pattern at the 1 month-low region. The stock has a Relative Strength Index (RSI) of 52 which is prime for further surge in the long term. Accentuating to the bullish campaign is the upside gap formed in the daily price chart.
GME Long IdeaGME has some strong momentum for the first time since they announced the share offering. Had a nice gap up, but it looks fairly weak to me. I may look for an entry if it comes back into the $20 area.
$GME Target updatesTarget #1: $24.5 ~ $27.7 We already in this zone
Target #2: $39.5
Target #3: $48.75
Target #4: $120+ Can we sustain the momentum to $120+? Unsure about how crazy this one can go.💎🙌
Will take profit at each target.
GME MOASS ThesisThe options ramp here is so loaded up for the next few weeks, shorts are panicking. That giant AH candle put all my calls in the green. Im holding for a $25/$30 exercise target and will accumulate more shares after next peak. Market should be very interesting around June 20th
GME to fill gap before launchi would expect a continued down side to fill the gap below at $17.52. I think once that is filled, we will start to move back up. This is a very risky play as this stock is heavily manipulated and it could crash down to nothing as well.
Be safe and this is not trading advice.
tg
GME May plan to 11,48There is a strong resistance above the price. Most likely will be rejected next week. If you have decided to trade this idea, you can enter now at 16,59 and target 11,48. Wish you good luck.
3years chart with a huge falling wedge.After three years of bearish movement the ticker of GME has technicaly built a solid falling wedge at a price that the fundamentals can be concidering as solid to the price of the ticker. the target price of this falling wedge is at arround 80$,we can say that this is a mini squezzzeee. Can an event to make the price to move in that price levels? I dont know what kind of an major event can cause that movement. Based on my TA i strongly believe that the price action will be bullish. I dont recomened to anybody else to go with me and my opinion based on my TA unless you have done your TA and research on this very unique,based on the events,ticker.
GME THEY WILL BUY LOWERAs i said before, i think it's not over for GME. In my opinion, big hands will buy GameStop lower, around 14-17 and here the price will start to pump up. Actually the chart it's absorbing the flash pump we have seen some days ago, and this is good.
GME bull flag or falling wedge?As we all know shorts have to cover and close their positions. SI still high. Maybe will see a second huge move. Upward or downward......my analysis says Upward 🤔....thoughts on that?
All the news are bullish...The stonk is ready once again to travel to the next level. All the latest news about it are bullish. I wont say much. Just that the price its still tracking the uptrend channel. I like the stock....
PS: I will just mention that today i double down my investement.
GME Inverse Head and Shoulders - Ready for Liftoff 🚀GME looks ready to explode. Please play responsibly and understand the risk you are taking if you buy options on this thing.
GME relief rally possible?There's barely any TA that can deal with GME price action but I think there's a good possibility for 30% upside.
GME this isn’t over…Bullish falling wedge, high volume, and potential Inverse H&S bottom. Perhaps a breakout with an island reversal soon? All that’s missing is some big buyer to overwhelm the shorts as they are looking trapped now.
GamestopNeeds to break 23 in order to move upwards.
Please note do your own research and don't blindly buy stocks based on somoene's recommendation
Inverse H&SInverse head and shoulder on the 1hr chart. Looking for a gap up tomorrow. Consolidation should be about done
The Boulevard of Broken Dreams. Pump and Dump Part IIRecently we watched in the news the resurrection of the "Meme Stocks" frenzy and the "Roaring Kitty" username. Those who witnessed the first surge in stocks like NYSE:AMC , NYSE:GME , NYSE:BB , etc., remember those were basically a "Make me Rich quick" kind of event, they were known as "Meme Stocks" because it all started as memes by a group of traders in internet forums who allegedly went against the Wall St. Hedge Funds who were heavily invested in shorting these stocks, by buying all at the same time and triggering a strong short squeeze.
Well, this event was the hope for this group of traders who saw the opportunity to pocket huge profits in a short time frame, and it gave them the sense of power against Wall St. That time these stocks were heavily shortened, and they were prone to an aggressive short squeeze, not only from these member of the meme stock traders, but by professional traders.
At the end of the day this group of stocks spiked, the people took profits, they left the market, some richer, some poorer, and others as bag holders. All these stocks faded along the time and some even went bankrupt. This event was imprinted in the memory of those hoping that this could happen again, but most amateur traders don't take the time to actually learn to trade, they ran with the rumor again after a fuzzy post by the "Roaring Kitty" and they just grabbed whatever was being mentioned in the forums. This time however it was very different. Their behavior was predictable and the professional traders already had a plan in advance, to short the spike. The small buying power of the meme stock traders plus their inexperience in swimming with professional sharks just turned them into an easy morning lunch. The rumor, action and shorting cycle was very fast. In the chart we can see outstanding profits in the order of hundreds of percentual points. But if we take a look at the short sale volume, we notice that the spike was immediately extinguished.
The #VolumeCandles feature of Trading View is an excellent tool to visually pinpoint the development of this pump and dump event. In the chart I added some more stocks which were rumored in the forums, NYSE:GME , NYSE:AMC , NASDAQ:KOSS , NYSE:OKLO , NASDAQ:FFIE , NASDAQ:GWAV , $CRKN. The symbols used to display the short volume were:
FINRA:GME_SHORT_VOLUME
FINRA:AMC_SHORT_VOLUME
FINRA:KOSS_SHORT_VOLUME
FINRA:OKLO_SHORT_VOLUME
FINRA:FFIE_SHORT_VOLUME
FINRA:GWAV_SHORT_VOLUME
FINRA:CRKN_SHORT_VOLUME
All of them have the same pattern,
Rumor in the meme stock forums
Frenzy buying
Immediate huge short volume
The takeaway of this presentation is, never fall for what others "rumor" in forums, trade following your own system, your money and your profit/loses are just yours, so the responsibility to plan your trade.
Buying and selling shares in the stock market is very easy, trading is not, and they're definitely not the same. #LearnToEarn.
