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1GME trade ideas

GME 50 EMA DefenseGME came alive in December and is currently retracing back to the 50 EMA. Things to consider, volume has been drying up since the initial move in late November, $15.41 is a strong level of support, but below that there's the gap all the way down to $13.55. January is usually a great month for this stock, but I'd love to see it defend the 50 EMA and the $15.41 level before going long. A bounce off support and a reclaim of the 50 EMA would be very bullish in my opinion
NYSE:GMELong
by SWRLS
2
$GME - Finally, but...I have 7 variations of these showing the same spike for GME and many other names in the market whilst only 1 other chart (the one i typically use to detect runs) shows that this is going back to 11-12. imgur.com Based on the above screenshot being so nicely parabolic looking, i think we're looking at a price in the early or mid $20's for now. Will keep you updated if it looks like it's going higher. GME looks good to buy as there's likely even more of a pump after this not only for GME but for many other names showing similar and even larger spikes (e.g ABSI and many others imgur.com) Looks like i was a week early on trying to catch the initial spike of the run. I had MIL:1K of calls expiring on the 24'th of Nov knowing that it could've easily skipped that week and gone for the next one as it has done many times before and ther we go... it did just that. Anyway, GME's IV is extremely high ever since my last post, so i'm not touching it neither in terms of options nor in terms of shares. I've chosen to get burnt on SPY puts instead with a decent amount of theta this time. I have positions in SPY, ABSI and a bunch of other stocks that i won't mention as ya'll will crowd up in them and kill em. Decided i'll give you this one since i'm out of this one due to high IV, so i'm throwing this one to the dogs. RC gave a beautiful signal on his tweet signifying there would be a run so i guess the data is confirmation (Or the opposite) Be careful of the upcoming COST earnings after SPY's dividends next week, if the retailer pumps, the sector stocks e.g GME and others will pump to and will vice versa. COST could be the reason we pump or we might pump before COST earnings and then dump on it's earnings.
NYSE:GMELong
by leenixusu
3
Waiting to see how this head and shoulder plays outShort Squeeze is unlikely to happen again NYSE:GME GameStop's Split Will Be a Stock Dividend Dividend stock split isn't likely to affect short sellers. While shorts would be required to pay a cash dividend if GameStop issued one, a stock dividend works pretty much the same for all investors regardless of whether you're short or long. The effect is to increase the share count and lower the share price using the split ratio and there are no extra shares to pay back
NYSE:GME
by RealizeTrades
3
Game stop at the 3 years low made a "Morning Star"?Hello to everyone! After 3 years of down trend Gamestop has shown to us in the month chart a bullish candle pattern.A Morning Star is going to be established after this year's end. In my opinion to reverse the down trend we will have to see the price to reach the level of 19$-19.20$. Is that possible? I think it is! My analysis says yes. My positions also. You all know how difficult is to analyze Gamestop cause the theory and the DD show us something different than the price action. The price is being depressed for a very long time. Even after the positive reports. That show us that some investors try hard to push the price as low as they can. Sometime they will have to buy back all this short positions,and I think this is the time. The Morning Star candle pattern is there. Now we all have to wait a dit to see an other big move up to the levels of the breakout. I opened new position at the price of 12,10$ and I'm waiting for the break out. Ps. Excuse me for my poor English cause I'm Greek and my English is not that good.
NYSE:GMELong
by jumpall44
GME GameStop Options Ahead of EarningsIf you haven`t sold GME before the previous earnings: Then analyzing the options chain and the chart patterns of GME GameStop prior to the earnings report this week, I would consider purchasing the 15usd strike price at the money Calls with an expiration date of 2024-1-19, for a premium of approximately $2.63. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:GMELong
by TopgOptions
GameStop's Stock Experienced a Sharp IncreaseKey Takeaway 1. Investors eagerly anticipate GameStop's Fiscal Q3 2024 earnings report scheduled for December 6th, following the recent stock movement. 2. Despite challenges, there's speculation that GameStop could report a profitable quarter, presenting a potential catalyst for its shares and contributing to a noteworthy turnaround. The Reversal Is In GameStop's (GME) - recent stock performance has shown signs of a turnaround. After a decline of more than 55% since its peak in mid-June, GameStop shares surged 13% in the trading session on November 28, with an additional 12% increase in after-hours trading. While there isn't a specific catalyst related to business fundamentals for this short-term reversal, the most plausible reason is the stock's extended stay in oversold territory since September. The 14-day Money Flow Index (MFI) has been trading below 20 for the first time since July 2019, signaling an overselling condition. Additionally, the Relative Strength Index (RSI) has been hovering very close to oversold territory since mid-October. GameStop's Earnings Just Around The Corner The recent reversal in GameStop's stock occurred just ahead of the company's Fiscal Q3 2024 earnings report scheduled for December 6. In the preceding three quarters, GameStop reported earnings per share (EPS) of 0.16 cents in January (primarily attributed to a robust holiday season), -0.17 cents in April, and -0.01 cents in July. It's important to note that the October quarter, which precedes the holiday season, poses challenges for the video game retailer chain. The third quarter is commonly a seasonally slow period for retail companies, lacking significant holidays. Furthermore, the release of major gaming consoles and blockbuster video game titles typically occurs in Q4. Consequently, consumer spending patterns may decline compared to other quarters, especially on non-essential items like gaming products. Price Momentum GME is trading near the bottom of its 52-week range and below its 200-day simple moving average. What does this mean? Investors have been pushing the share price lower, and the stock still appears to have downward momentum. This is a neutral sign for the stock's future value.
NYSE:GMELong
by DEXWireNews