$GME Trading tipsstocks always seem to follow certain technical analysis although can be broken, also the norm is 3 touches to either resistance or support.
1GME trade ideas
I look at this chart and feel bullishMy gut instinct is to long here (just from the pure chart itself).
There is nothing fundamental about this idea, aside from the fact that GME has a market cap of 10 billion, which is low enough to be pumped. The overall liquidity cycle reverted and is rising. In this stage of the cycle, memecoins and stocks rising just from belief / attention alone is very possible, in fact it is more likely to happen than not.
"Tap into the heart and soul of the increasingly desperate, degenerate, jobless, lonely, addicted - generation moonshot"
All it takes is a spark to light the fuse.
$GME Up Up & AwayKey resistance support levels set up and will be trimming position heading into the $40 level. MACD Cross + RSI Cross/Uptick + Broke above 7D SMA.
Bye bye.
GME 6-14-24Targets for the day on GME. This is not financial advice. Use stop loss and don't forget to take profit.
GME & Roaring Kitty! Is party over? Roaring Kitty sold his calls for a lovely profit.
Rolling those profits directly into common shares.
He has no amaased over 9 million shares.
Matching the exact amount of Ryan Cohen in 2020
This deep value trader is certainly not done with this stock.
Gamestonk to dah moon4B in cash, no debt.
Beautiful quarterly chart closing. May take a year, may take a month.
Embrace left curve thinking. We like the stonk.
I like the stock to $42Good afternoon traders,
I like the stock and the price action with confluence of other variables.
I am long.
Weekly line chart
Price action basics I learned.
New low/same range as sent it up holds
try again
Monthly Line chart.
NYSE:GME to $42 blaze it
$GME AlgoTradeAlert Algorithm Momentum Indicator Our strategy is to wait for the large green dot to enter a long position. Today at 12:30, we got our large green dot buy alert. We never trade with emotion. By eliminating emotion, we can trade successfully and make huge profits that will pay for the software 10 times over. NYSE:GME #gamestop
gme long Hey, I've been watching the chat but don't yet have the karma to get into chat yet.
so Here I'm publishing an idea. looks like we've been in the upper bound of vwap.
i don't really know what that means but I think gme is going to touch 30 today and bounce back down.
Next idea for GMEPeople have to hate this market. It rewards patience, and punishes chasing. Here are my new levels for $GME. If you missed the previous calls, we absolutely nailed it.
Stay patient.
$GME AlgoTradeAlert Momentum Algorithm IndicatorNYSE:GME AlgoTradeAlert Momentum Algorithm Indicator
We never short growth stocks or stocks with a lot of volatility. If we were short, we would have covered our short position and gone long. Instead, our strategy is to wait for the large green dot to enter a long position. On June 10, we got that large green dot and we entered into a long position. Yesterday at 13:20, we exited our long position with a fantastic profit. Today we are going to repeat the process and do it all over again. Wait for our algorithm to give us a buy alert to go long.
Gme stock is looking to spring upSo far, we have not elected any Daily Bullish Reversals. The Daily Bullish Reversal to watch stands at 3180. A bullish trend remains in play as long as this market holds above 2110 on a Daily closing basis. A closing beneath that will signal a near-term change in trend to the downside.
substack.com/@dumitrupopovici?utm_source=profile-page
Did You See What GameStop Just Accomplished?I must say, and as I wrote the other week ( see here ), the winners of the GameStop resurgence was GameStop itself. They now have $4 BILLION in cash on their balance sheet. That's right – a strong community can do wonders for a brand, its backing, and the company itself. Between Roaring Kitty, Ryan Cohen, and everyone on Reddit, they just created a viable business with an entirely new fundamental outlook.
Let me explain:
- They eliminated all of their debt, thus zero debt!
- They now have about $4 billion in cash.
- Market cap is nearing $10 billion.
- They do about $3.2 billion per year in revenue.
- They have 3x PS ratio, but many startups for for 5x or even 10x. But keep in mind that a majority of that is in cash. If we back out the cash from the market cap, the PS ratio is more like 1.5.
If you think they are on the verge of rebuilding and recreating their story, they have the revenue and balance sheet to do it.
Well worth watching…
By the way, I still can’t believe some 25%+ of the float is still short and public about it in available data.
I currently do not have a position, but as someone who appreciates fundamentals, a sound business, it surely has me watching it more closely than I have in prior years. The road will be long and difficult, and they have to execute flawlessly, but if they can, the vision is to become a gaming giant that'll be a value add to the gaming world.
GME Trade PlanA look at Gamestop. This has been getting attention again! Wall Street vs. Retail Traders battle. There is a LOT of Short volume on GME and AMC, and the big Analysts say the buying is nothing and that everyone should sell. BUT, the technicals don't lie and in our opinion, this is going to take off again. Jim Cramer says it's nothing and that it will flop, so it's definitely a buy! LOL !!
We first got the buy signal at ~$17 week BEFORE the news of this big push up...all from the technical analysis. So...If you're following this with us, it is time to buy again at $26.
Target is $45, then $68. If this holds...a retest of previous highs is likely coming
Simple Price Analysis and where I expect price to go.My simple quick 10 minute analysis on where the stock is and what I believe can happen unless breaks under last bottom side of new trend.
GME | Support at trendline, FVG, Higher-low | Huge Cat Ear againI think the combination of all these technical indicators, the Citron Research closing their Shorts, Etoro disabling retail to short GME... Looks like a bullish storm from every perspective.
If we break resistance patterns at 34.50 door is open tot 64.50. If we break that one, 80-100 is open.
Be careful with reject of trendlines, especially if breaks bottom one.
GAMESTOP: The Party Is OverRemember when Elon used to tweet about Dogecoin, causing the entire market to react wildly? Market cycles repeat, and this one is no different. What we've learned is that driving up prices through tweets, Saturday Night Live appearances, or YouTube livestreams is unsustainable, and the positive effects are diminishing.
Yesterday, expectations for the livestreams were high. Despite multiple market halts, the disappointment was evident as GME's price retraced to its pre-pump level from the start of the week.
GME new bullish momentum LONGGME on a weekly chart has clear the chop zone on that indicator and is now above the POC
line of the long -term volume profile indicating that bullish momentum is greater than bearish
momentum. I will take a long trade here targeting the pivot highs of 2022 for three quarters
of the trade and the base of the high pivots of 2021 for the reminder. 21.7 below the POC
line will be the initial stop loss to be moved to break even upon a price rise of 10% from the
entry and then changed to a trailing loss of 10% upon another 10% price rise. I believe that
GME is heavily shorted; Accordingly, a short squeeze could add to the push higher.
Massive Divergence Hints at GME Short SqueezeWe see a massive hidden bullish divergence in the Cumulative Volume Delta for GME.
This means that short sellers have tried to push the price down by all means, but were unable to break below the previous low.
The logical consequence of this situation is an expected short squeeze.
Experience shows that the more pronounced the divergence, the stronger the short squeeze.
GME Bullish Momentum Expected: Key Buy/Sell Zones to WatchSummary: GameStop Corp. ( NYSE:GME ) is showing strong bullish momentum, and my analysis suggests an upward trend in the near term. Here's a detailed look at the key buy/sell zones to watch on the chart.Technical Analysis:Trend Analysis: The overall trend for NYSE:GME is bullish, supported by increasing volume and positive sentiment in the market.Support Levels: The key support levels to watch are at $22.50 and $24.00. These levels have historically shown strong buying interest.Resistance Levels: The critical resistance zones are at $27.50 and $30.00. Breaking these levels could lead to a significant upward move.Moving Averages: The 50-day and 200-day moving averages are showing a bullish crossover, indicating a potential buy signal.RSI: The Relative Strength Index (RSI) is currently at 60, suggesting there is still room for growth before reaching overbought territory.
Buy zone : $26-$30
Sell zone $52-$60
GME Gamestop - Diamond bottom forming - mega cat ear? GameStop may be forming a "diamond bottom" pattern, signaling a potential bullish reversal. Traders are also buzzing about a possible "mega cat ear" pattern. Keep an eye on those charts!
GME support at 24 - FVG. Trendline support, Cat EarIt looks like the drop of yesterday formed an amazing first ear. Also forming support at trendline and 24-25 FVG.
Bull pennant into next weekWe were able to get back into the pennant today and it just bounced off the bottom line. Up we go!
