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GME trade ideas

GAMESTOP Will the meme stock have another gap up tomorrow?GameStop Corporation (GME) had a massive +75% opening today, product of 'Roaring Kitty' latest news, but corrected from $40 to sub $30 intra day. We saw a similar pattern during GME's previous rally on May 13, with a 1st Gap Up that was followed by a 2nd that eventually formed the 64.90 Resistance. Both sequences started off with a Higher Lows rise and identical 1D RSI patterns. It appears we are currently on Gap Up 1 and the late session consolidation may give way tomorrow to an equally impressive Gap up to test 64.90. Of course never forget with such kind of stocks and high importance after of pre-market news can drastically alter the technicals. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:GMELong
by TradingShot
1
Strategic entry points after GME’s technical explosionGME experienced a significant advance following ‘ Roaring Kitty’s ’ appearance on social media, which caused quite a stir and a sharp increase in the stock price for both GME and AMC . After a spectacular rise, including a gap-up opening, the price began to fall, trapping many traders, as often happens in these types of technical explosions while seeking to fill the gap. Now, after the gap has been filled, there is a good buying opportunity, as a punctual bounce back is very likely, where one could generate a quick profit. However, even though the odds are in our favor, we should always protect ourselves with a stop-loss order right after opening the position, to cover our backs.
NYSE:GME
by CryptoCoBit
1
WHY BULLISH ON GAMESTOP? Part 21. The set up is here 2. Volume is here 3. MACD is here 4. RSI is here 5. TRILLIONS IN THIS SHORT BET is here 6. 20$ CALL OPTIONS is here 7. Roarring Kitty aka DEAP FUCKING VALUE is here 8.Rayan Cohen is here 9. Me and you are here 10. BIG TIME BAG HOLDERS SHORT SHELLERS ARE HERE So,now that everybody is here the music can start playing,start the party, cause i dont think job is done. Did the job done? I dont think so. When job done, GAMESTOP for short selling hedgies. No any other technical analysis can be done at this point.its going BBBRRRRRRRR. NYSE:GME NYSE:GME None of the above is a financial advise. Its just opinion.
NYSE:GME
by jumpall44
GME - Is It Time?If you've been following the GME saga you probably already know about DFV's YOLO post on Reddit. Just as folks were starting to think things might be over, GME had been quietly holding the $20 area and began making higher highs and higher lows leading into close last week. All while the options chain was continuing to be hit over and over by large 6/21 call orders. I've been burned on this thing this year, so I'm cautiously optimistic. The squeeze seemed inevitable, but timing it is very difficult. I'm lucky to have a small position in some 6/21 calls if tomorrow is the day.
NYSE:GMELong
by AdvancedPlays
$GME 27 AFTER EARNINGS !!NYSE:GME 27 AFTER EARNINGS !! Improved Net Income and Turnaround Efforts: GameStop turned a net profit in 2023 for the first time since 2017, indicating a significant improvement in its financial performance. The company's ability to continue generating a net profit and restoring positive free cash flow is crucial for its turnaround and could boost investor confidence, potentially driving the stock price up. Revenue per Employee: GameStop is producing the second-most revenue per employee in the Specialty Retail industry among companies with over $1 billion market cap and over 1,000 employees. This high revenue efficiency could be a positive signal for investors, as it suggests the company is effectively utilizing its workforce to generate sales. Share Buybacks: GameStop's increased EDGAR activity in April 2024 might indicate the company has been actively buying back shares. Share buybacks can reduce the number of outstanding shares, potentially increasing the value of each remaining share and driving up the stock price. New Investment Policy: The company's board approved a new investment policy that permits GameStop to invest in equity securities, among other investments. This new policy could lead to new revenue streams or strategic partnerships, which might positively impact the company's stock price. Market Sentiment: The stock has been volatile in the past, with significant price movements driven by retail investor interest and short squeezes. Positive earnings results could trigger a renewed interest from retail investors, potentially driving up the stock price. Product Expansion: GameStop is known for its video game-related products. However, tweets mention the company's expansion into other areas such as controllers, wall chargers, keyboards, and headsets. This diversification could attract new customers and increase sales. Clearance Sales: Encouraging customers to purchase clearance items can help GameStop improve its revenue. This strategy could be part of the company's efforts to manage inventory and boost sales.
NYSE:GMELong
by NYRUNSGLOBAL
1
GameStop (GME): What Lies Ahead ?A pivotal moment as the stock breaks through the channel with a bullish surge, hinting at a potential shift in market sentiment. Here's a closer look: Positive Indicators: • Financial Resilience: There are signs that GameStop is gaining control over cash burn and losses, suggesting a possible turnaround in its financial stability. • Margin Expansion Potential: Optimism brews around the prospect of improved margins, driven by a strategic shift towards higher-margin software sales and ongoing cost-saving initiatives. • Strategic Capital Raise: GameStop's decision to capitalize on the recent share price surge by issuing shares at a premium indicates a proactive approach to bolstering its financial position. Challenges and Concerns: • Earnings Reality Check: Q1 results falling short of expectations raises questions about GameStop's ability to adapt to evolving market dynamics and meet investor demands. • Management's Communication Strategy: Limited engagement with investors, marked by the absence of conference calls or Q&A sessions, fuels speculation about management's long-term vision and transparency. • Sales Dynamics: A complex mix of declining hardware sales, shifting software preferences, and the rise of subscription services presents formidable challenges to GameStop's growth trajectory. Navigating through this landscape of opportunity and uncertainty, investors are left to ponder whether this bullish surge marks a genuine turnaround or merely a temporary reprieve in GameStop's tumultuous journey. Disclaimer: Market movements are inherently unpredictable. Always conduct thorough research and consider professional advice before investing.
NYSE:GME
by Julien_Eche
1
GAMESTOP SOARING from $25 to $111 - $168 range.GME just got $1 BILLION dollars in funding. Price expected to rise past all short squeezes in the $120 - $168 price range. This stock just went from a simple meme to opposing sides on institutional traders that even Kramer is beginning to call it a good investment (not that his opinion matters at this point with the amount he flip-flops with retail investors money) Invest smart, invest hard. This one's to the moon. Boost my post if you like this idea 💡 Also follow and subscribe for more uproars. Let's spread the word together. Roaring Puppy 🐶 out.
NYSE:GMELong
by St0ckWr4ngl3r
GMEWith the new issue sold out in one week and $2 billion now on the balance sheet things are looking up. Non performing store closures should begin to show up in the bottom line in the near future. The question has been raised as to how much shadow short interest actually exists on this security… how is that a thing/is it really a thing? The chart has a trading range which once broken should result in a big move in either direction. With Apes holding strong… I’m in for the potential short squeeze moonshot!
NYSE:GMELong
by WavesPatternsCandlesIndicators
GameStop Surges After Company Completes $933 Mln Share RallyGameStop shares ( NYSE:GME ) surged 20% on Tuesday after the video game retailer successfully sold 45 million shares worth roughly $933.4 million, capitalizing on a recent meme rally in its share price. The sale helped the company capitalize on a recent social media-fueled meme rally that saw the stock soar around 135% over a two-day period earlier this month. Traders may book profits in GameStop shares around $27, an area on the chart where a May 13 gap sits in close proximity to a key horizontal line connecting a series of price action over the past 19 months. GameStop ( NYSE:GME ) initially announced the share offering on May 17, several days after the peak of the social media-fueled rally, saying it planned to use the proceeds for general corporate purposes, such as investments and acquisitions. Although the company did not disclose the sale price of the shares, it said it executed the offering at-the-market, meaning it sold the shares at the prevailing market price, allowing the retailer to cash in on a portion of the meme-driven gains. Investors will gain further insight into the company's financial position and outlook when it reports fiscal first-quarter earnings after the closing bell on June 5. GameStop ( NYSE:GME ) has given up about 70% of its gains in recent weeks, with the price falling towards a multi-month downtrend line. In upcoming trading sessions, investors should pay close attention to the $27 level, an area on the chart where traders may book profits near a key horizontal line connecting a series of price action over the past 19 months. Technical Outlook Gamestop stock ( NYSE:GME ) is up 14.32% as of the time of writing, forming a "golden cross" pattern at the 1 month-low region. The stock has a Relative Strength Index (RSI) of 52 which is prime for further surge in the long term. Accentuating to the bullish campaign is the upside gap formed in the daily price chart.
NYSE:GMELong
by DEXWireNews
3years chart with a huge falling wedge.After three years of bearish movement the ticker of GME has technicaly built a solid falling wedge at a price that the fundamentals can be concidering as solid to the price of the ticker. the target price of this falling wedge is at arround 80$,we can say that this is a mini squezzzeee. Can an event to make the price to move in that price levels? I dont know what kind of an major event can cause that movement. Based on my TA i strongly believe that the price action will be bullish. I dont recomened to anybody else to go with me and my opinion based on my TA unless you have done your TA and research on this very unique,based on the events,ticker.
NYSE:GMELong
by jumpall44
4