GameStop Logarithmic ExponentialsParabolic analysis of GameStop, a fascinating chart in term of trend behaviors and algorithmic short-selling.
1GME trade ideas
Bull flag on GME? Or pump fake? Upward pressure can cause GME to squeeze up to $190 to test that $200 mark. But a sell off below $115 can bring us back to $60. Time will tell.
GMEfor GME stock is in a downtrend, if the price breaks with force $150, it will look for $190 otherwise it will continue its downward movement towards $90
Analysis-downtrendAs you see on the chart we will have a big probability of a downtrend becauce we have a breakout of the support line and the vwap indicator.Thanks.
GME - Power Up!GME appears ready to rip to the upside and there are plenty of reasons to be bullish on the stock here. Recent earnings as reported last week were solid, especially considering the bearish macro unfolding in the broader markets. Further, the company has no debt - and appears to be reinvesting in itself and looking to the future with eyes wide open, embracing the expanding NFT and retail gaming marketplace aggressively and intelligently and doesn't seem to have any actual viable competitors in this arena. BULLISH.
And most exciting the stock split/divided initiative was overwhelming passed by shareholders at the recent annual shareholders meeting held on June 2nd, allowing for up to 1-BILLION shares to be issued by the company.
Once moved on, this new share issuance will allow GME to increase their war chest, remain debt free (huge considering the current upward direction of interest rates) and will put added pressure on remaining shorts to cover and close-out their positions.
Technically speaking the daily chart looks great with another break-out occurring on May 25th. The double bottom print held nicely and with the price back above $130s there is much better long-term support for the price to move higher. The Moving Averages (MAs) are supportive, and the MCAD flashed a buy signal on May 25th. Also included is the belkhayate timing indicator (thanks lazybear) which looks to be pivoting back bullish and is above the "buy line" here. Similar set-up as the bull run back in late May 2021, but this indicator appears even more bullish this time around... In terms of timing - the 90-day 'high to high' algo that has been consistent in the longer term for GME (and many other retail stocks) could be back in play here. If this timing holds - look for a new interim high by the late June/early July. Price Targets = #1 = $200 (retest of last break-out's high on March 29th), #2 = fill of the price gap located at ~$292.xx. And obviously, if the shorts start covering in mass - price could squeeze much higher.
In terms of wave structure there still a chance GME could retest the low $80's again for a triple bottom formation. Will be watching closely next week. However, given the now over-extended 100% utilization, ever increasing CTB rates, and the pegged OBV, I think GME moves higher from here. Looking to add to shares and will carefully consider OTM calls early next week with the price targets/timing as outlined above in mind.
POWER TO THE PLAYERS !
Not financial advice.
GME entering another very predictable down channelNote that the new downward channel slope parameters are merely cloned from the last one. Shorting GME after short term spikes exhaust themselves is a really easy and obvious thing to see.
Analysis-downtrendOn GME as you see on the chart we will have a big probability of a downtrend.thanks.
GME Weekly Chart $2 to $500 to $77 to ? Seems to have double bottomed around $77, the weekly chart is just one massive bull flag. Time will tell.
This PoC may be a magnet for gamestop after its earnings tonigh!NYSE:GME
GME is prone to a short squeeze, according to Fintel, and here I show that the fixed range volume profile introduces a PoC that may be relevant for price to rally to, after earnings.
The options market is pricing in a 19.5% move for GME following the earnings tonight. This wild one can go down, too .It can go anywhere, or nowhere. But I reckon, $150 next?
Gamestop (GME) Earnings AnnouncementGAMESTOP (GME) $122.4 Pre market Prev. Close $124.7 (down about .02%) @ time of analysis.
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EARNINGS ANNOUNCEMENT AFTER MARKET CLOSE WITH an EPS(earnings per share) estimate of -$1.45 and Revenue estimate of $1.3B. GME missed last 3 quarter EPS estimates and surprised last 4 revenue estimates. GME net income and revenue was on a steadily decline from 2018 - 2020 with a noticeable increase in revenue but still declining net income from 2020 - 2021 end. Debt/Assets (56%) has improved within last 5yrs with debt on a steady decline and major increase in assets( from 2020 - 2021 ). GME is currently and hasn’t been in a long time free cash flow positive. (Basic Fundamental Analysis)
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Fundamental Analysis Personal Opinion: GME isn’t investable but short term tradable. Bearish sentiment overall in my book on this company. Isn’t investable but tradable ( buy the rumor sell the news). GME share price is on a short term uptrend since May 24. Currently trading below MA60 on 15min chart timeframe but all other timeframes indicates a short term uptrend still exist.
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Chart Analysis Personal Opinions:
- Daily Chart: Downtrend continuation or beginning of a strong short uptrend.
- 2hr Chart: Pullback from previous breakout or a continuation downward (Stoch RSI, candlestick pattern and price action signals a strong sell though)
- 1hr chart providing detailed price action of 2hr chart
- 15min Chart: Trading in a range ( $120.4 - $140 ) Support and downtrend line - would wait until above MA60 or breaks above or below levels.
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Trade for the upcoming BONUS: FCF (Free Cash Flow) - a company share price will always reflect the free cash flow trend. Trending down in FCF, the share price overall will trend downwards and vise versa for an increase in FCF.
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GME 5/25/2022GME
Game stopped. “Investors” aka bag holders holding on to hope not realizing what is low, can go lower.
Multi timeframe analysis.
Daily Chart
Price is currently in the middle of a down moved. It is one lower low away from confirming major downtrend.
Price is currently still under both 200 and 50 ema confirming bearish conditions. Price at 50ema
1HR Chart.
After price reached low of 78.38, it bounced up where it found resistance in 100 area
Price flagged and broke out on a parabolic move. Parabolic moves on breakouts are susceptible to false breakouts.
The breakout parabolic move is running into 200ema which is acting as dynamic resistance.
We also have an overbought reading on the Stochastic indicator.
Expecting parabolic move to be a false breakout and price to fall back into range and break down to 78.
On the daily chart, we have extreme bearish conditions. Death cross, breakdown from long tern range, and we have a possible existing downtrend with price coming into resistance @ 50ema
Then on the 1hr chart, we have a parabolic move into resistance @ 200ema with an overbought stochastic.
GME has a lot of sell pressure on both charts.
Overbought stochastic reading at resistance level is my cue to enter trade short.
Entry: 113.73
Stoploss: 123.07
Target: 78.00, 31.36%, 3.78 RR ratio
$GME - The Next Bull Run - May 24 2022I'm not gonna write a lot, you know the drill by now. The quarterly SLD cycle is here and is about to happen. Some changes due to SR-NSCC-2021-002 may cause the cycle to move ahead +1 week into June 1 - June 6 ish.
Invest responsibly, this is not financial advice.
Potential Trade Setup for GME retracement - GameStopIf Gamestop retraces from the Thursday high, and comes back in to the golden Zone, one could try to get in for another push.
Stop below 100$
Hope you enjoyed your gains as notified, prepare for more!I predict the stock. I know the stock. I’m 8-Ball for stock :)
I’ve been watching this stock for 17 months. Almost every. Single.. day..
I can say a few things… I confidently understand algos being used. I confidently understand MOASS is tomorrow. I confidently understand apes are unmatched. I confidently understand we can buy more each day and it will still be a good price no matter how many digits..
No cell. No sell.
DRS DRS DRS.
Follow me for more GME posts, to the moon gentlemen. I’m proud to be sharing knowledge on my favorite stock in existence and I can’t wait til we are all as rich as they are, without cheating.
APES FOR THE MOTHERLANDDDDD!!!!
DRS DRS DRS
Check out all of my other ideas for consistently accurate GME price prediction as well as theories and discussions.
LINK TO LAST POST I NAILED 110%
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Still one of the best stocks to shortLast time this stock did a boom and bust in 2008 it took the rsi to 40 until we started to bottom. But this time it's even more extreme, i think this stock has to see at least 50 usd per share before it can recover. But even then i wouldn't buy, it's a pretty shitty stock.
GME_decent spread GME stop has some room to run before it's next quarter earnings which are the last quarter of 2021 looks favorable and even though it has shot up it could still get a big ROI and could squeeze in 20 percent or more unless it catches this 60fib....
GME on horizon and delivering as predicted.GME delivered as expected (pink path).
I expect price to fall to the area of the order block created (red circle) at the increase pause (originated by the previous gap).
From there it will bounce to take previous relative equal highs (~$159, orange line) and may reach as high as ~$173.
Price WILL NOT EXCEED $200 before earnings.
Trade safe.
Good to Know
If you are in a truly bullish trend as we see on the chart and you see a candle with a long wick and a small body accompanied by a large volume especially, it means that the sellers are trying to repel the buyers. Therefore, we will have a high probability of a trend reversal. thank you for your attention.
AnalysisAttention on GME as you see on the chart after an uptrend we see a squeeze so we must remain vigilant because there is a high probability of the trend falling. thanks.
GME short "Next W Trades"Fake breakout. WIll be making new lows next week.
"Next W Trades"
"Next W Trades"
"Next W Trades"
50RSI 20SMA Today a 30% move was made to the 20MA. It also crossed over the 50RSI making the setup very bullish for tomorrow 5/26/2022
