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GME trade ideas

GME recovery from Financial Institutions Halting and dumping dayPractically they have performed a reversal known equivalent as a rug pull generated by investors rally , this has lowered price while they take advantage of liquidity generated, for now S&D zone is being establish under Premium Price considering the ~200% 2021 target. Based on this the HH might be lowered to at leas a 30% , thus 60+ dlls which is considered a premium price is a risk free take profit zone. 81 dlls was the HH based to the above .75 points of the Gann box gains at very aceptable profit. But Holders might be looking to a 91dlls target at most. For this to happen the price needs to break discount price of ~62dlls and LL not touch or pass 43dlls.
NYSE:GME
by a.garzaa.g12
[WSB] How to trade the GameStop Short Squeeze!r/wallstreetbets recently picked up the GameStop Stock (GME). Why? Because we basically have free money sitting here. GameStop struggled with keeping up with the growing digital gaming market and the price plummeted. With a strong focus on E-commerce, a strong brand with over 55 million PowerUp members and a solid team (Source: r/wallstreetbets "GME FULL STORY), we will most likely see further growth in the company in terms of revenue and stock price. I made this chart to verify important levels and an in depth trading-plan to reduce the risk as much as possible. Everything relevant is on the chart. The Cup & Handle Pattern is one of the easiest patterns to trade and extremly powerfull to extend a strong uptrend - which is highlighted by the Ascending Parallel Channel. Please make sure to place a Stop-Loss order and place your buy after the confirmation with a Breakout-Candle. Let me know if there are any questions and feel free to discuss in the comment section. cheers
NYSE:GMELong
by Anton_XBT
17
$GME: The Next Big Move You Don't Want To Miss 🚀Hi everyone, Welcome back to another technical analysis update that has proven effective! Here's a quick recap: RECAP: Using our MTTSA/Metric Pro indicators, the price moved above the hourly mark indicating an upward trajectory toward the daily mark, which it successfully reached. After a brief dip to the $10.70 range, it climbed back above the hourly and broke past the daily level. The price then ascended to the weekly resistance, previously unbroken in three attempts, but this time, GME surged through it, reaching a new daily high of $17.43. CURRENT STATUS: I believe the options chain is primed for a Gamma Squeeze, marking the beginning of a potential major move toward the monthly resistance at $20. What is a Gamma Squeeze? A gamma squeeze occurs when the price of a stock rises sharply as market makers who sold call options must buy more of the stock to hedge against their increasing exposure, thus driving the price even higher. CURRENT STATUS cont.: If GME can surpass and sustain above this level, we might witness a squeeze surpassing the one from 2021. Using the Fibonacci sequence from the top of 2021 to the recent low, our targets are: 0.236 ($17.92), 0.382 ($25.79), 0.5 ($34.63), 0.618 ($46.49), and 1.618 ($564.22). GME needs to break past the 0.236 level to progress to the 0.382. Watch for resistance at the 0.5 and 0.618 levels. Additionally, GameStop has broken out of a three-year wedge pattern, which could be significant. DOWNSIDE SCENARIO: Should there be a retracement, look for GME to potentially fall back to the weekly level at $14.36. CONCLUSION: As always, this isn't financial advice, but prepare yourselves—this could be a monumental ride past the moon, heading straight to Pluto and beyond!
NYSE:GMELong
by SierrasTrades
Technical Analysis of GameStop Corporation (NYSE: GME)GameStop Corporation (NYSE: GME) closed at $30.45, exhibiting a significant bullish momentum with a substantial increase of +74.40% in the latest trading session. The candlestick pattern shows a strong bullish engulfing pattern, indicating a potential continuation of this upward trend. The Ichimoku Cloud analysis reveals the price has broken above the cloud, suggesting a shift from bearish to bullish momentum. Key Indicators and Moving Averages Relative Strength Index (RSI): The RSI stands at 88.24, indicating that the stock is in overbought territory. This suggests a potential for a pullback or consolidation before any further upward movement. Stochastic Oscillator: With a %K value of 79.86, the stochastic oscillator also confirms the overbought condition. Moving Averages: The Exponential Moving Averages (EMA) are all signaling a strong buy across different periods (10, 20, 30, 50, 100, 200 days). The Simple Moving Averages (SMA) also indicate a buy signal, reinforcing the bullish sentiment. Oscillators and Momentum Momentum (10): With a value of 19.16 and a buy signal, momentum is strong, suggesting sustained upward price movement. MACD Level (12, 26): The MACD level of 2.48 with a buy signal further supports the bullish outlook. Average Directional Index (ADX): The ADX is at 42.29, indicating a strong trend is in place. Financial Overview Earnings Per Share (EPS): The forecast for Q1 2024 is -$0.09, with revenue estimates at $1.05B. The earnings surprise in recent quarters has been mixed, with notable positive and negative deviations from estimates. Profitability Ratios: The return on assets (ROA) and return on equity (ROE) are negative, indicating profitability challenges. However, the current ratio of 2.17 suggests strong liquidity, and the low debt-to-equity ratio of 0.45 indicates financial stability. Speculative Price Targets and Trading Strategy Short-Term Price Target (1-2 weeks): Given the current bullish momentum, a speculative price target of $35.00 is achievable if the volume supports the price action. Medium-Term Price Target (1 month): If bullish momentum sustains, a target of $38.00 is feasible, considering historical resistance levels and overall market conditions. Long Position: Entry Point: Consider entering a long position if the price breaks above $31.00 with strong volume. Stop Loss: Set a stop loss at $27.50 to protect against potential downside risk. Target: Aim for a short-term target of $35.00 and a medium-term target of $38.00. Short Position: Entry Point: Consider a short position if the price shows signs of reversal and falls below $28.00. Stop Loss: Set a stop loss at $32.00 to limit losses. Target: Target a pullback to the support level at $24.00. Conclusion GameStop Corporation exhibits strong bullish momentum, backed by significant volume and favorable technical indicators. However, the overbought conditions suggest a potential for short-term consolidation. Traders should watch for price action around key levels to confirm their entries and manage risk with appropriate stop losses. The next few days to weeks will be crucial to determine if GME can sustain its upward trajectory or if a correction is imminent.
NYSE:GMELong
by AxiomEx
2
GME Gamestop Technical Analysis and Trade IdeaHistorically, GME (Gamestop) has been in a downtrend when we look at the monthly time frame. However, recent developments indicate a potential shift in the trend. As we zoom in on shorter time frames (weekly and daily), we observe signs of bullish momentum. Buyers may find opportunities in these time frames. In a video, we explore a potential trade idea. First, on the 4-hour chart, we notice that the price has retraced into an optimal buy zone. Next, we delve into the 15-minute chart, waiting for specific price action confirmation before getting involved. Remember that trading carries inherent risks. This information is intended for educational purposes only and should not be considered financial advice. Always manage your risk wisely. 📈👍
NYSE:GMELong
by tradingwithanthony
7
GME Euphoria time?Analyzing GameStop is always difficult. I have seen the previous reddit pump some years ago, and it was pretty hard to find possible entries and reversal pattern. But this time the chart is giving us some useful info. We can see a break above daily trendline, and the black box a liquidity zone (actually a resistance). The main chart looks bullish, and today's pump can be a signal of a possible round 2. To confirm a bullish trend, we must close a daily candle above the black box, that will eventually help us reaching the top again. If the community will try to repeat the miracle again, this time funds will be prepared and it will not so easy. But, on the other hand, community is stronger now and probably bigger. Let's see
NYSE:GMELong
by SaliJournal
GameStop Stock Soars 45% on 'Roaring Kitty' Posts on Twitter GameStop shares surged 45% as markets opened on Monday, with Keith Gill, also known as "Roaring Kitty," posting to social media for the first time in nearly three years. Gill was a key driver of the meme stock craze of late 2020 and early 2021, rising to prominence due to his substantial bets on the stock. Gill's enthusiasm over the stock drove the online excitement, along with other figures, including activist investor Ryan Cohen, who worked his way to the GameStop ( NYSE:GME ) board and was named CEO last year. Gill was a streamer who bought $53,000 worth of GameStop ( NYSE:GME ) shares in 2019 after learning about the investing world and becoming convinced that the retailer was undervalued. At the peak of the meme stock surge, Gill's position was worth an estimated $48 million. He eventually said goodbye to his online persona, last posting to YouTube and X (then Twitter) in 2021. Users of the WallStreetBets subreddit, the online community that was central to the GameStop ( NYSE:GME ) surge of 2020, expressed excitement about Gill's return, with many top posts on the forum about Gill's post or GameStop's price as of Monday morning. GameStop ( NYSE:GME ) and the company's stock symbol, NYSE:GME , were each trending on X Monday morning, with many users celebrating Gill's return and posting about their investments into the stock. GameStop shares ( NYSE:GME ) are still well below the all-time high of $120.75 they reached on Jan. 28, 2021, but more than double its value from the start of May.
NYSE:GMELong
by DEXWireNews
Shares of GameStop ($GME) Stock Climbed More Than 13% ThursdayGameStop ( NYSE:GME ) stock has risen 13.1% to its highest close since December, marking a resurgence for the videogame retailer and original meme stock. The stock closed at $18.01, its highest since December 28, when it ended at $18.07. GameStop ( NYSE:GME ) shares also recorded their biggest single daily percentage gain since May 3, when they climbed 29.1%. Despite facing significant challenges, GameStop's stock price has surged, reminding investors of the 2021 surge from less than $10 per share to $120. Revenues in Q4 dropped to $1.79 billion, down from $2.2 billion in 2022, and analysts expect revenues for 2024 to be $4.9 billion followed by $4.7 billion in 2025. The gaming industry is changing, with people preferring to buy gaming consoles online directly from manufacturers or third-party sellers. GameStop's attempts to diversify its income have failed, with its entry into the Non-Fungible Token (NFT) industry failing. Despite this, GameStop ( NYSE:GME ) still has one of the best balance sheets in the industry, with little debt of just $17 million and capital leases of $386 million against cash and short-term investments of almost $1.2 billion. In 2023, the company made almost $50 million in interest income, helping it turn a small profit of $6.5 million. The daily Price chart shows that GameStop's stock price has soared due to a falling wedge pattern, which is one of the best-known reversal signs. Traders need to be cautious of a trend reversal as Gamestop stock ( NYSE:GME ) has a Relative Strength Index (RSI) of 75.89 which is in the overbought region.
NYSE:GMELong
by DEXWireNews