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GME trade ideas

Good Entry Point for GameStop? Not Just YetGME STARTED TO TEST NEW LOWS: STRATEGY SHORT Sue. This Market seems to be volatile and very difficult to trade. Scalping?Trend? Range Trading?.... Well ... I just look for volume areas, where the market is testing the forme false breakouts... The minor short term has just started. Overall Average Signal calculated from all 13 indicators. Signal Strength is a long-term measurement of the historical strength of the Signal, while Signal Direction is a short-term (3-Day) measurement of the movement of the Signal. 20 Day Moving Average short 20 - 200 Day MACD Oscillator short 50 - 100 Day MACD Oscillator short Support & Resistance 3rd Resistance Point 22.40 2nd Resistance Point 21.64 1st Resistance Point 21.03 Last Price 20.42 1st Support Level 19.66 2nd Support Level 18.90 3rd Support Level 18.29 Key Turning Points 52-Week High 47.99 37.17 Price Crosses 9-18 Day Moving Average 35.80 Price Crosses 9-40 Day Moving Average 35.54 61.8% Retracement from the 52 Week Low 33.31 Price Crosses 18-40 Day Moving Average 31.70 50% Retracement From 52 Week High/Low 14 Day RSI at 80% 30.32 27.86 38.2% Retracement From 52 Week Low 13-Week High 27.00 14 Day RSI at 70% 24.71 22.62 38.2% Retracement From 13 Week High 22.26 Price Crosses 18 Day Moving Average Stalls 21.47 14-3 Day Raw Stochastic at 80% 21.29 38.2% Retracement From 4 Week High 21.26 50% Retracement From 13 Week High/Low 21.18 3-10 Day MACD Oscillator Stalls 21.04 14-3 Day Raw Stochastic at 70% 20.67 50% Retracement From 4 Week High/Low 20.56 Price Crosses 40 Day Moving Average 20.21 14 Day RSI at 50% 20.19 14-3 Day Raw Stochastic at 50% 20.15 Price Crosses 18 Day Moving Average 20.05 38.2% Retracement From 4 Week Low 19.91 38.2% Retracement From 13 Week Low Low 19.51 Low 19.34 14-3 Day Raw Stochastic at 30% 19.08 Price Crosses 9 Day Moving Average 19.00 Price Crosses 9 Day Moving Average Stalls 18.91 14-3 Day Raw Stochastic at 20% 17.81 14 Day %k Stochastic Stalls 17.25 Price Crosses 40 Day Moving Average Stalls 16.60 3-10-16 Day MACD Moving Average Stalls
CAPITALCOM:GMEShort
by DaveBrascoFX
$GMEThis trade has nothing to do with fundamentals, company transformation NFT bs or that moass stuff. This is me seeing a trend in the market and taking advantage of it. Some of you know why i'm posting this here. For those who don't know, i've been trying to be some kind of prophet idiot and i've failed a lot in the past. I stopped posting for 6 months until i could better nail the market down based on certain data sets i've been analyzing for a very long time and i'm back here because i think i have managed to acomplish it. My track record has been extremely shoddy at best for the past 2 years, but as of recent breakthroughs in understanding the data sets i have, i think i've found what i wanted. I'm not going to mention dates or PT's. All i can say is that i figured it out in March and rode the March spike and that make things click for me. I had full ported and made avg 1300% I'm in for ~2900 option contracts. I would get more but i'm restricted on how much exposure i can have. That's all. You'll know how this trade has gone soon enough i guess. 2917 contracts imgur.com
NYSE:GMELong
by leenixusu
18
The GameStop Short SqueezeThe GameStop short squeeze that took place in January 2021 was a pivotal event in the history of financial markets, as it brought to light the power of social media and the complex dynamics between retail investors and institutional players. This unprecedented event, fueled by a group of retail investors on the subreddit r/WallStreetBets, led to the rapid rise of GameStop's share price and significant losses for some hedge funds that had bet against the company. The GameStop saga revealed underlying issues related to market manipulation, fairness, and the need for regulatory reform. The Power of Social Media The GameStop short squeeze highlighted the extraordinary impact of social media on financial markets. Reddit's r/WallStreetBets, an online community where members share investment ideas, became a powerful force that drove up the share price of GameStop and other heavily shorted stocks. These retail investors, driven by a combination of a desire for profit and a disdain for Wall Street's elite, banded together to challenge the status quo and fight against the hedge funds' dominance. The internet played a significant role in enabling and facilitating this market event. Online platforms provided retail investors with easy access to information, while social media allowed them to communicate and coordinate their actions. This demonstrated how the internet has leveled the playing field between retail investors and institutional players, at least in terms of access to information and the ability to influence market movements. Market Manipulation and Fairness The GameStop short squeeze raised questions about market manipulation and the fairness of the market for all participants. Some critics argued that the actions of r/WallStreetBets members amounted to market manipulation, as they actively promoted GameStop stock with the intent to drive up the share price and force a short squeeze. However, others pointed out that hedge funds often engage in similar tactics to profit from their short positions and that the retail investors were merely employing the same strategies used by professional traders. The controversy surrounding the trading platform Robinhood further fueled the debate on market fairness. Amidst the volatility, Robinhood and other platforms limited trading in GameStop and other volatile stocks, which sparked accusations of market manipulation and collusion with hedge funds. Critics argued that these restrictions unfairly disadvantaged retail investors, while Robinhood maintained that the limitations were necessary to manage risk and comply with regulatory requirements. Regulatory Repercussions and Reforms The GameStop short squeeze caught the attention of regulators and lawmakers, prompting Congressional hearings to address the situation and discuss potential reforms. During the hearings, various stakeholders, including representatives from trading platforms, hedge funds, and retail investors, provided testimony and perspectives on the events that transpired. The hearings underscored the need for regulatory reform to protect retail investors and ensure market fairness. Some of the proposed reforms included increased transparency in short selling, restrictions on high-frequency trading, and measures to enhance market stability. Additionally, the hearings highlighted the need for better investor education to ensure that retail investors are aware of the risks associated with participating in such events. Lessons Learned While some retail investors profited from the GameStop surge, others were left holding the bag as the stock price eventually declined. The episode serves as a cautionary tale about the potential risks and rewards of participating in market events driven by social media and mass psychology. The short squeeze underscored the importance of understanding the fundamentals of investing, as well as the need for sound risk management practices. Conclusion The GameStop short squeeze will be remembered as a defining moment in financial history, as it not only showcased the power of social media and the internet in influencing financial markets, but also exposed the complex dynamics between retail investors and institutional players. The event has led to increased scrutiny of market practices, regulatory reform, and an ongoing debate about the fairness of the market for all participants. The repercussions of the GameStop saga are likely to shape future policy decisions and the evolution of the financial landscape. The GameStop short squeeze has set a precedent for the role of social media and online communities in shaping financial markets. As the internet continues to democratize access to information and level the playing field for investors, it is essential for regulators, policymakers, and market participants to adapt to these changes and ensure a fair and stable financial environment. In doing so, they will not only protect the interests of all market participants but also foster trust and confidence in the markets for years to come.
NYSE:GME
by financialflagship
4
GME gap fillingGME didn't moon (from previous post), clearly. Really bad option chain setup for any real runs still. IV looking tragic still, but we all know the market will be taking that 2nd leg down soon so I can't see GME going up in the near term. GME is super illiquid still. Market is taking a turn down finally. My target is $17.5. Current I have ITM CCs between 17.5 - 20, looking to exit when they go OTM or before 5/15. Finally, hoping we see a pump into next earnings after this dip. Use the time to collect some additional capital from CCs, CSPs at bottom, etc.
NYSE:GMEShort
by spearmintys
1
$GME Gartley/ Cypher variation and daily inside bar off 618 $GME I will be watching for daily Inside bar break high off 618, It would offer a low risk long w stop against low of mother bar (previous candle), aim top of pattern if this set up triggers, take some off at 1-1 and move stop and more off at 1-2 RR per Ib set up rules, (different set up the Hp's) I prefer to wait for 786& 1.272 ext, this set up lacks solid structure so I would consider .50% to 1% max risk. Always wait for candle confirmation at trigger levels. Remember the Gartley has 3 triggers, 786 often lines up with 1.272 & does in this case but watch the ABCD/Lightning level as wel, highlighted below the 786 fib. Tp 1 stop is even always & take some off please, aim 2 & 3 next. Stop below X, always.. Leave some room imo, always watch for reclaim of pattern with a pin bar. Let me know if this chart helps your $GME analysis, please share your ideas for $GME in the comments. Also with any of my plays, if indices tank the hit rate will plummet, act accordingly please.. No all in:( , trading is a business.. ***Gartley's (main) and Cypher's trigger are both 786, so the dual pattern is just to explain I see both here, doesn't add any confluence imo...
NYSE:GMELong
by FrancesMarie
21
GME 4hr - BB SqueezingWhen Bollinger Bands® (Yellow lines) are far apart, volatility is high. When they are close together, it is low. A Squeeze is triggered when volatility reaches a six-month low and is identified when Bollinger Bands® reach a six-month minimum distance apart. (www.investopedia.com) Morningstar data is currently estimating NYSE:GME fair value at $48.42 Zacks' proprietary data indicates that GameStop Corp. is currently rated as a Zacks Rank 2 and we are expecting an above average return from the GME shares relative to the market in the next few months. In addition, GameStop Corp. has a VGM Score of A (this is a weighted average of the individual Style Scores which allow you to focus on the stocks that best fit your personal trading style). Valuation metrics show that GameStop Corp. may be undervalued. Its Value Score of B indicates it would be a good pick for value investors. The financial health and growth prospects of GME, demonstrate its potential to outperform the market. It currently has a Growth Score of A. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of B. (www.zacks.com) GameStop has been cash flow positive for the last two quarters and delivered an average earnings surprise of 37.29% in the trailing four quarters. GameStop Director Larry Cheng, who is paid in shares and does not receive a cash salary, used his own money to acquire 5,000 additional shares of the company's stock at market price. (www.thestreet.com) A breakout from the BB squeeze to the upside ( HKEX:27 ) with high volume like on March 22nd may create a perfect cup & handle indicating another possible breakout to the upside ($32.80) Not advice, only my opinion. Do your own due diligence.
NYSE:GMELong
by vanzylik
GME 4 HOUR UPDATE ( TECHNICAL )For more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial. Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
NYSE:GMELong
by traderchamp_
GME Long IdeaJust my guess what will happen with gme. we will see a downtrend to maybe 15$ when we dont hold the 20$. Then we get a 3rd bottom at 15$ wich means we are ready for a breakout and with good news on earnings in june we can go to 28$. After that i guess we will trade in a channel between 23.90$ and 28$, in this time we set again hopefully bottoms in the 24$ area. with good news september earnings we can breakout to 35$ or maybe higher, depents on news and earnings result. Than its very likely that we see the 28$ again or at least we trade in the 28-35$ channel. And hopefully we can than launch to 48$ again. On the monthly timeframe we can see that the MACD is 4-5 months away from crossing again into the positive site. Thats also very bullish . I holding $GME since January 2021 and thats just my guess without big big news like RC buying huge again or a huge cooperation. With this Art its like a mini game, just for fun and maybe it will go as i say or we go further :) Have a great day all! -Vaentix
NYSE:GMELong
by vaentix
1
GME moon soon? v2Follow up to: Like I said, breakout looks decent. We are testing the top part of the wedge, today is T+2 from our huge volume day, 3/22, but could extend deliverables till Monday. Looking to see options close today and have T+2 settlement (Tues-Wed PM) cause another pump. Additional thing here in this chart is the CV VWAP Indicator. Taken from an old script I found on TV that was broken. Author: Adapted from: Detecting the great short squeeze on Volkswagen, Godfrey, K. (2016, February 18). Shows some interesting leading indicator prior to GME's Jan 2021 squart. We have not seen movements of this magnitude since then. As you can see the indicator generally stays within the -50 to 50 rage, but we were magnitudes larger on 3/22/2023, similar to 1/25/2021. There are some other notable moments such as 3/23/2022, where we just ran up, then the indicator spiked, then we ran up again through T+2+2. No guarantees but... - EPS was positive on earnings - still no 10-K from GME (why?) - Liquidity still extremely low - 66m volume day I have calls :)
NYSE:GME
by spearmintys
2
GAMESTOP Is today's jump enough to stop the bearish trend?GameStop (GME) has had a huge price opening jump today that hit the 1D MA200 (orange trend-line) for the first time since October 31 2022. That pump was short-lived and the price quickly resumed the bearish trend within the Channel Down pattern that it has been trading in since November 03 2021. Basically the stock has been inside a multi-year correction since the January 28 2021 historic high. So is today's rebound enough to stop this bearish trend. The answer from a technical perspective is easy: no unless the price breaks above the previous Lower High of the Channel Down, which is considerably higher at $48.00. Not to mention the the 1D RSI broke above the 70.00 overbought barrier, and this has been a major sell signal inside this +2 year Channel Down. The most it has risen these 2 years is +157.50% but that was when the RSI was already overbought. GME is a dangerous buy on the current levels. Either wait for a price closer to the Channel's bottom or above 48.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:GME
by TradingShot
GameStop (GME) hitting macro technical range In this video I go trough some very very generalised/simplified overview of GameStop financials and the stock chart. I'm taking note of things that look good and things that don't from my personal perspective (hey! everyone has their own opinion). As you have both going on but overall at this present moment while information doesn't change significantly I could say I'm very bearish on this stock but in the short term there likely a possible corrective move to get everyone hyped. Tune in for the video for some entertainment and my general market comment on this stock.
NYSE:GME
by D7R
3
$GME - UpdateFor those overoptimistic about yesterday's post market news on $GME, I've brought you a sobering chart today. I count at least 4 attempted breakouts above the elephant in the room, that downward sloping yellow trend line, which has been neatly respected by the price. None of these attempts resulted in a long term break of structure. Does that mean the line won't break? The price is trading against a long term resistance area in this market, that has been rendered support, after the infamous happenings back in the beginning of 2021. Right below that threshold lies the humble demand area from where that gargantuan bullish candle exploded in January 2021. What does this mean? Although different timeframes, different strategies allow for virtually limitless ways to make money in the markets ... Being bearish here won't make your pursuit easy. What then? For the bulls out there ... how about waiting for a confirmed close above this trendline ... in this timeframe? Cheers Tenacious Tribe - Back Tested Trading Strategies & Quantitative Studies
NYSE:GMELong
by ruben_rodrigues