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GAMESTOP CORPGAMESTOP CORPGAMESTOP CORP

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1GME trade ideas

GME: RSI Update, Dip Before the RipGood morning, Last time we fell below the 30 mark on the RSI we saw a 90%+ move up and the other two times it fell to this level we saw 50-100%+ move up as well. I'm factoring in a 60%+ move up as this is like a spring that has been compressed and is ready to explode. I also overlayed November 2021 cycle and it looks like we're following that perfectly. Downside PT: 22.12 / 21.87 (support) Upside PT: Fill the gap at 27, 37 and 40. As always, NOT financial or sexual advice. Good luck!
NYSE:GMELong
by SierrasTrades
4
GME failed to inspire, but could be a technical bounce ahead...As the title suggests, GME earnings failed to inspire the response that so many wanted and hoped for, nearly all afterhours gained came ad went through he course of the day with a decent finish. However this was always going to happen, in my view, as it went into that earnings call with a very low RSI and multiple time frames looking vastly oversold. What i´m looking for here is a continuation of the technical recovery , especially on the 4hr chart as it looks to me the ichimoko cloud want to turn positive and start somewhat of a run again. The resistance levels will start at $30 psychological level then proceed up towards the channel it rudely fell out of to test whether it can settle within that area again, around the $40 area, it could be rejected and drop down to find lower support or divine intervention may join its cause and break into there, leading to an eventual retest of the $50 area.
NYSE:GMELong
by Diamondhandstoday
GME Earnings run up^^^Daily Triangle Play here. If close above 32.11 I'd look long. If break 30.38 or even daily close below 30.65 I'm looking short. The play will likely develop prior to earnings 7Sep22. Will trim most of the position before end of day 7th. May leave some runners for after earnings only if I'm green on the play. This could run hard either direction. I'll set stops at the apposing number from listed above. If it gaps out of the listed range I'm likely OUT.
NYSE:GME
by Beagle_Trades
1
GME is still going to the moonI am not an experienced trader nor an expert. So .... if someone can change my mind with a solid argument i am happy to change my mind. The price is wrong. If prices in a market are determined by supply and demand, and there are less and less shares of Gamestop available in the market (because of Direct registration and normal buys) Then how does a share price drop? On broker capital.com the buy to sell ratio of GME is 90%, meaning that 90% of the trades are buy trades On broker fidelity the ratio is 86% More people are drs-ing their shares, so that combined should push the price up, its very simple. Those ratio's have been so for months now. Todat after earnings we will see how many more shares are drs-ed. It should make you think..... smth is wrong, and its the price. The manipulation will be clear and resolved, nobody is selling, in fact we are buying.
NYSE:GMELong
by martexx
9
GME Potential for Bearish Continuation| 1st Sept 2022On H4, with the price moving below the ichimoku cloud, we have a bearish bias that the price may drop from the sell entry at 28.47, where the swing lows anmd 78.6% fibonacci retracement are to the take profit at 22.29, where the swing low is. Alternatively, the price may rise to the stop loss at 32.51, where the overlap resistance and 23.6% fibonacci retracement are. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NYSE:GMEShort
by Rockqet
Game Stop Buy to ShortWeekly- Range From 2021 to present consistent creation of lower highs between prices, 120.75-87.13, 67.20-64.50, and 41.25-49.85. Since the beginning of the year price has fail to break support at 19.40-24.50. In short price has failed to create new highs and lower lows, game stop is consolidated. Thesis- Potential for sell break out due to flat support and lower highs on the weekly. Consecutive lower highs provide strength to break the flat support. Daily- From May 2022 to Aug 2022 price correction provided buy opportunities to previous weekly highs between 41.25-49.85, clearing weekly liquidity, adding new life to the sell. Current price 30.71 is an area of structure and daily buy liquidity. would like to price go bull to 40.40 before continuing to go bearish. This will create another lower high on the daily, to add strength to the overall sell breakout on the weekly. Areas of Interest: Short - 40.40 to 45.53, 34.30-35.90,30.71, 25.60-26.86, 21.68-23.20 Long- 30.71, 25.60-26.86, 21.68-23.20 Confirmations: solid candle closure, preferably 8and daily candle closes within zone.
NYSE:GME
by THEFOREXDR
1
AnalysisOn this action, we notice that the line of resistance and that of the support converge, that is to say which go in the same direction. However, we could have a very nice uptrend if and only if the vwap indicator and the resistance line are forcefully broken by a large green candle and accompanied by large green volume. On the other hand, we could also have a downtrend continuity as we see if the support line is forcefully broken by a large red candle and followed by large red volume.Thanks for your attention.
NYSE:GME
by PAZINI19
6
GME 8/23/2022GME Why hasn’t #Wallstreetbets save their fanboys? GME Weekly chart analysis Let’s compare 2021 vs 2022 Pretty clear and straight forward. 2021 Two green weeks mid Jan.’21 sent price flying from 9.75 to high of about 120.65. Since then, GME has done nothing but make a series of Lower Highs into Support area @ 37.95-45.55. These Lower highs into support area displayed the weak buyer pressure by bulls. A bearish Descending Triangle was formed. After 10 months of failing to break a high, in Nov.’21 Bulls did the unexpected and “broke out” of the Triangle looking to continue the previous up-move. This “Breakout” was short lived as the pressure from the sellers overwhelmed the buyers. Price was shot back down below Triangle breakout point. The “breakout” move was deemed a “False breakout/Price rejection”. In Dec.’21, the false breakout was followed by price breaking down below Support area @ 37.95-45.55 and the 50 ema. This is the 1st time since Aug.’20 that price falls below and lost Support of 50ema. All of 2021 was spent by the Bulls/Buyers trying to fight off the Bear/seller pressure and trying to stay above Support area @ 37.95-45.55 and the 50 ema. They were systematically broken down and eventually overwhelmed and conquer by the Bears/Sellers. 2022 After breaking down from Support area @ 37.95-45.55 and the 50 ema, by end of Jan.’22 price made a Lower Low and found new Support @ 22.20. From Support @ 22.20, price bounced are looked to break back above Support area @ 37.95-45.55 and the 50 ema. Price failed to stay above previous Support and was rejected back down to 22.20. Support area @ 37.95-45.55 and the 50 ema were turned into Resistance area/level. Price bounced one move time from Support @ 22.20 to Support turned Resistance area @ 37.95-45.55. We have a Price rejection pattern here. This is cue to enter trade short. The Bulls/Buyers have spent all of 2022 moving sideways between new Lower Low/Support level @ 22.20 and previous Support turned Resistance area @ 37.95-45.55 and the 50ema. After a hot 2 weeks in Jan.’21 that saw price fly from 9.75 to 120.65, GME has now spent 81weeks moving side-ways with the Bears/sellers systematically breaking down the Bulls/Buyers. Now with the 2nd price rejection @ Resistance area @ 37.95-45.55 and the 50ema, Bears will look to move price back down to Support @ 22.20 and then breakdown to Support area @ 9.75. Why hasn’t #Wallstreetbets put their powers together again and save the bleeding out GME bag holding fanboys still talking about “going to the moon”? Sad to see them let the fanboys over @ AMC get cooked earlier this week. With extreme bear conditions and price siting at “area of value”, I will be entering trade short. Short term trade Entry: 33.53 Stop loss: 22.20(-22.98%) Target: 22.20, +33.93%, +1.48 RR ratio Long term trade Entry: 33.53 Stop loss: 52.50(-56.76%) Target: 10.00, +70.14%, +1.24 RR ratio
NYSE:GMEShort
by rudcharts
$GME - Intraday Gap Trade OpportunityIntro: I hope ya'll got out of the trades as i posted/said in my previous post. I knew this cycle was weird. The play: With the dump of BBBY, GME being in the same short basket has moved down 10% which is expected. What is not expected is the intra-day unfilled gap it's left. If you're unfamiliar with gap trading, just google "Trading Gap". The TLDR is that all gaps must be filled (except a few). GME has NEVER opened this far away from last day's closing price before in at least the past 2 years now. The fact that a super massive gap like this has formed at this kind of price as well is insane. The effects of this gap is that due to the sudden and unexpected drop, on opening tomorrow algos are going to buy this up just based on technicals like RSI oversold, or MACD oversold cross and whatnot. The reason why i say this with so much confidence is that if you just look at GME's chart on the 1YR (Caily Candles) chart, you will only find 3 unfilled gaps, 2 of which were formed in the last 2 days. There was one at $76 ish formed in May's run last year that was never filled and the 2 more due to the drops of the last 2 days. Most stocks will almost never let a gap unfilled whether it takes days or years to fill it. GME being the stock it is with large spreads and it's supposed illiquidity does not have any gaps beyond these 3 as everything gets filled within a day or a few days at most. The play TLDR: The idea here is super easy basic and simple. You buy the bottom, wait for the gap to fill and sell. That's it. Tomorrow may have a bit more downside due to dealer dumping hedges or buying more due to what might happen tomorrow, not sure. Unless this gap is corrected overnight/morning, they have a big problem on their hands either tomorrow or by Monday when tomorrow's buy volume settles. Positions: Here are my positions for this trade. imgur.com In fact i got these 20 minutes before the market closed for the first gap and never even expected the second one. I'm legitimately excited because that second large gap in my experience typicall gets bought up real quick just based on it's oversold technicals. I've thrown my entire portfolio on this trade because that's how much i believe the gaps will be filled now that the BBBY saga is over. At most we have 1 more dumping day before this fills in my opinion due to clearing and settlement. Downside: -The downside of this could be that we see a slow and sustained drop over the next 3-4 months for GME down to like $24 from the current price. Losses on this shouldn't be too bad if you're betting just on the gap fill unless it somehow takes 4 months for it to decide to fill this gap which i highly doubt. The gap is close and fresh and can't be ignored. The Upside: -The upside of this is that the gap is fresh and close. Stocks close gaps like these either the next day or within a few days. With GME being the way it is, you can expect the gap to not only be simply filled, but to be OVER-Filled. We could see a PT of $44 before it normalizes again. In the best case, BBBY gains and losses get rolled into GME tomorrow because what else are people gonna do?
NYSE:GMELong
by leenixusu
37
GME Super Bullish For a Friday, that was one hell of a effort to push up, Even with the news of Ryan Cohens dump, GME pushed up and closed above resistance! Killing on the 4hr chart!!! Monday I’m All in on GME In anticipation of APE which will blow HKD out the water!!! Fintel data looks primed to squeeze Short Interest 59,908,446 shares Short Interest Ratio 5.74 Days to Cover Short Interest % Float 23.63% - source: NYSE (short interest), Capital IQ (float) Off-Exchange Short Volume 2,241,572 shares - source: FINRA (inc. Dark Pool volume) Off-Exchange Short Volume Ratio 67.61% - 900,000 shares available at 19% interest
NYSE:GMELong
by FibonacciN
1
GME FORECAST GameStop Corp. offers games and entertainment products through its ecommerce properties and stores. It operates through the following geographic segments: United States, Canada, Australia, and Europe. Each segment consists primarily of retail operations, including stores and ecommerce properties focused on games, entertainment products, and technology. GameStop offers new and pre-owned gaming platforms from the major console and PC manufacturers, sells new and pre-owned gaming software for current and certain prior generation consoles, and offers a variety of in-game digital currency, digital downloadable content, and full-game downloads. The firm’s stores and ecommerce sites operate primarily under the names GameStop, EB Games, and Micromania. Its pop culture themed stores also sell collectibles, apparel, gadgets, electronics, toys, and other retail products for technology enthusiasts and general consumers in international markets operating under the Zing Pop Culture brand. The company also publishes Game Informer, a print and digital gaming publication. GameStop was founded by Daniel A. DeMatteo in 1996 and is headquartered in Grapevine, TX. SENNA SEASON
NYSE:GME
by Bekiumuzi_Dube
8
GME RED DAY Bearish Short Term Pushed Back under resistance, very familiar move with #GME GME has been in a channel between $47.50 & $19.50 GME is still in a #Bearish Trend now that we have pushed back under resistance. My first price target is $33.66 hit in the after market Next $32 OPEN Next $30.99 Monday $28.99 Possible $26 by Monday Also Possible we tap $19.60 for the third time and totally break down around earnings, without any critical news Ryan Cohen 's attempt failed to make an effective dent with the 1 for 4 split. Shorts were still able to hide their position and continue to hold. There are currently no shares to short, but with the news of BBBY Ryan is feeling suspicious to a group of apes. Any how remember Stocks fall sharper then they rise! Ill Reposition Monday or Tuesday after the Storm! Short Interest 59,908,446 shares Short Interest Ratio 6.37 Days to Cover Short Interest % Float 23.63% Off-Exchange Short Volume 2,247,179 shares Off-Exchange Short Volume Ratio 47.94%
NYSE:GMEShort
by FibonacciN
4