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GAMESTOP CORP

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1GME trade ideas

Parabola Pitchfork - almost timeGME is a Buy over 150, expecting explosive pop as soon as it runs back over 150 could be today or tomorrow. I haven't used the BBand/MFI/Vortex Indicator combo in a while but it works well for GME. -Initial/intermediate target 196 (could run into some resistance there and drop back down to support in the 130s one last time before pop to 200s so watch that level close - Target 223 by early May , they want to take it to the sky before they ultimately drop it so it could continue past 223 to some crazy levels... but that is speculation.. the mat/chart says 223 near-term If you want to be slightly more conservative and enter later with confirmation watch for the VI to cross green over red, but by that time it will be higher than it is right now. I like entry above 150 because that is the intraday equilibrium level where supply = demand and it has the periodicity to pop on the next time it gets over 150. Not Financial Advice. Bless you all ~The Alpinist
NYSE:GMELong
by JerryManders
GameStop respawning?GameStop - Short Term - We look to Buy at 138.50 (stop at 125.95) Price action looks to be forming a bottom. As this corrective sequence continues we look to set longs on a dip at better risk/reward levels. Levels close to the 50% pullback level of 138.50 found buyers. Further upside is expected although we prefer to set longs at our bespoke support levels at 138.50, resulting in improved risk/reward. Our profit targets will be 199.40 and 250.00 Resistance: 156.50 / 180.00 / 199.40 Support: 138.50 / 137.24 / 132.85 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:GMELong
by Saxo
2
GME - Break-out and Back-testGME appears to have successfully broken out of the long-term downtrend and also successfully back-tested this break-out. Looking for higher high on this run, surpassing the late March high of ~$200. Sorry for the busy nature of the posted chart, but trying to show several previous break-outs and back-test - going back to late Jan 21 as examples. As you can see on the chart MOST of the break-outs and back-test have resulted in fairly significant upside moves. Also included are some failed break-outs and failed back-test. The recent break-out has back tested the long-term trendline 5 times and held, bouncing up sharply (+7%) today. This also included a successful back-test of the smaller triangle break-out from the recent downturn off the high in late March. This break-out of a very long-term channel, successfully tested 5 times, is very bullish near term IMO. Added long $165 strike calls w/ Apr 29th exp. Not financial advice.
NYSE:GMELong
by Akksujean
2
GME - ABC CorrectionGME appears to be setting up to complete an ABC corrective wave on the daily chart. Price appeared to breakout of the Wave B downtrend on Thursday of this past week. Looking for confirmation of the break-out tomorrow or by Tuesday. Price may want to double back-test the breakout, Wilder MA, and/or nearby fib...watching closely. If confirmed, Wave C should be as long as Wave A and given the strong RSI/overall momentum, substantive MA supports, price &vol support at $150ish, and very oversold status of the stoch on the daily - I expect the Wave C to move up soon. Looking for a move upwards somewhere between the 1.272 fib and the 1.618 fib channels as plotted. Of course we could get another suspicious halt or some other fuckery but the indicators and chart sure looks like it will pop and complete the Wave C. Will look to add to longs on breakout confirmation but if I add calls - will not go too far OTM. Last Nov the indicators had a similar set up and GME could only manage a double top formation. If that happens this time price will obviously only get to ~200ish. And if this isn't a ABC corrective wave and is instead a impulse wave or something else -price could go back down low 100s. But I just don't see it happening given all the reasons cited above. And if Wave C plays out as anticipated, and these corrective wave patterns tend to overshoot, but we will just have to see. The blatant unjustified BS halt on March 29th was eye opening to say the least...As always caution is warranted. And I added fib channels back into to my GME chart because it is Easter and I like bright crayon colors, …and after seeing this Taste the Rainbow post on reddit: www.reddit.com It isn't unique to GME and I'm not sure if it has any relevance/validity. Thoughts? Not financial advice. Happy Easter!
NYSE:GMELong
by Akksujean
4
Not gonna lie, it looks good.GME may surprise within mid October. Lets see if GME can keep its minus Beta through this Evergrande China spectacle. Also note that GME keeps finding new supports. Its been a while since we touched 170 and 180. Interesting stock to follow indeed, just having one share for the adventure is has been so worth it, I can recommend, but don't throw your savings after this, its just as probable that GME could collapse along everything else and prove everyone wrong as it goes to the moon and beyond. Always expect the unexpected and the worst outcomes and you will never be disappointed.
NYSE:GME
by Niceguy_Anakin
5