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GME trade ideas

IS GME setting up for a BREAKDOWNNYSE:GME On the weekly chart a wedge is formed from all time high through the top wicks as the upper trendline and the bottom wicks while they intersect after mid-September earnings. This thing appears to be coiling over a period of about six months Leading pink cloud suggests BREAKDOWN . Price action is continuously above the POC of the long-term volume profile suggests the POC is acting as support and the upper end of the The high volume profile (blue) is acting as even tighter support. I look for a breakout or even a moonshot, Indeed the tall upright leg of the triangle pattern on a long higher timeframe suggests a similar leg up. For sure there are plenty of shorts to have pain and get sqeezed. Buyers may open a position setting a stop loss a5 29,15 the center of the first blue volume bar where support and liquidation liquidity both increase Please comment, What do you think? I will do this now. I will set two dynamic targets- an EMA 3 crossunder the EMA 9 on the 3-minute chart for a 50% sell and another similar on the 15 minute for a 25 % to leave a partial runner and a final take for a similar crossunder on the 30-minute to bring the other runner home,
NYSE:GME
by AwesomeAvani
Some Thoughts About GameStopHere's a quick post and chart about GameStop. Remember GameStop mania? I sure do. I have rarely seen such a frenzy grasp all markets from the web to TV and mainstream culture. But that's not the point of this post. The point of this post is talk about how surprisingly strong GameStop has remained. Most people I talk to, without looking at a chart of GameStop, assume the mania has faded, the bubble has popped, the story is over. But the thing is, the chart is still really eye catching. It's eye catching because it is potentially forming a giant flag. And it's doing it pretty quietly. I recently read that the retail army behind GameStop has almost managed to Directly Register (DRS) large percentage shares outstanding. What is DRS? It means every share they own is now owned in their name with no broker or middle man or market maker or fund or machine sitting between them and their brokerage. It means the shares can't be loaned, traded, bought or sold without them taking their shares back to a broker and re-registering them and trading them. I find that fascinating! I also think more retail traders/investors should learn about DRS as most have no idea what actually goes on with their shares. DRS is an interesting way to learn more about registering shares directly in your name. Anyways, I am interested to see what happens here.
NYSE:GME
by scheplick
8
Updated Analysis on $GME #GME - pop for tomorrow? #gamestopThis chart is so interesting. You can really get such a good idea from looking at the 3 month time frame, and how the lower moving averages have some catching up to do with the price. However, there are also several smaller time frame moving averages pushing tightly against the price, as well as (previously mentioned), a trend line breakthrough, a retouch, and a fibonacci at play. I'm wondering if we don't pump to the highest fibonacci extension around $67-$68, which would give a new trend line, and also lines with the bollinger band on the month. If we did this, it would make sense & line with the lowest extension possible on the overall inverse fibonacci pattern in play- which has the target price around $6 something. It'd obviously take several months (into early Jan 2024 it seems) for us to arrive at that lower fib extension. However, it makes sense that a pop upward would be needed first, in order to form that new trendline. It looks like maybe there is a tiny gap that needs to be filled tomorrow from today's close & then I just don't see HOW we could drop any further from there (on this week's candle)- especially given the weekly stoch rsi. It also is interesting to me that there seemed to be a real battle to make sure today's day candle closed green.
NYSE:GMELong
by UnknownUnicorn1935796
1
$GME - August runs are comingIf you're already following me, you know the drill. It's about time for the quarterly runs for GME and Meme Stonks in general. I've identified +1 more mostly accurate date where some meme stocks (but not all) actually run. The dates you want are as follows: -These two dates are a set. There will be a decent single day run on one of these two dates. I personally think it's August 2. The only way this moves to Aug 8 is if some big market event happens between now and then. If you're gonna play this, at least don't get FD's and go at least +1 week out further. The moment you see the run happen, take profits from your long calls and get puts 2 weeks out while the IV is still hot for calls. If you wait and buy after the call IV and prices cool down, you're gonna be buying puts at not so very nice prices. You want to buy the reversal just before it happens, not after. *02 August (Most Likely) or *08 August (Less Likely) or both (Unlikely) -This is the regular GME quarterly cycle run we've talked about here since last year. The behavior is always slightly different but the critical part of the trade is always the same. Around the 23'rd give or take a day or two, GME will pop to something like $40 or $45 or more for a few days and then drop. Since everyone is aware of this at this point, i'd expect NO run on 23-26 as everyone's gonna be saturating weekly FD's instead of 2w or 4w out. This will cause the usual run just before close on Friday 26 Aug and a run into the next week due to call gamma having to be hedged in the last moments of the market. Then the T+1 from option settlement hits everyone on Monday but it really doesn't and it hits the market on Tuesday as per my previous DD on market mechanics. If you're going to play this one, be safe, due to degens playing FD's e.g same week expiring calls, the price may crab to kill everyone's FD calls and will instead move the week after. *23-25 August (Likely) *30 Aug (Likely) How i'm gonna play this event? -Aug 2 or 8: I'm a degenerate, so i'm going to get OTM FD's for Aug 2 on market open on the same day. -Aug 23-25 or *30 Aug: Been burned by the micro changes in these runs a few times so i'm getting OTM calls on the 19'th of Aug expiring around 9 of Sept. Additional Info: I have weird signals from DTCC's swaps indicating that this year's September 16 ish and next year's March and April have A LOT of $$$ expiring in swaps. I do not know what this means or what it will do to the markets. I have leap calls out to 2024 that are ITM to ride those dates in case something crazy good happens. That's why i'm not extending these August calls to September's OPEX and SLD period. I don't know what's gonna happen in September, but i just know something will. I don't know the direction. Here's an old version of what i wrote that explains my thoughts above. www.reddit.com Keep in mind the 23-30 Aug run applies to most meme stocks. I'm onboard with GME and BBBY on this since only the few top meme stonks tend to move both on the start of the month and near the end of the month. I don't do AMC. WARNING: I wouldn't buy anything right now as it's the period where stocks get knocked down. If you're going to play the above, wait till the last day before doing so. Buying from now will just burn a LOT of theta. NFA
NYSE:GMELong
by leenixusu
60
1.5 years ago - What did I tell you? Hate to say it but after such a long time, and me back at beginning posting & warning ppl that GME isn't going to squeeze and here we are. Still could we see a retracement after this sell pressure, yes I think GME could retest even 77$ but still not an indication for me that price will blow up. It would be a natural retracement after a year of bearishness, so some kind of retracement is due. Yes I heard about the NFT launch, honestly NFTs aren't solving anything and please do read the small letters since most of the time you don't actually own the NFT itself.
NYSE:GME
by CryptoHedging
18
GME Ponzi about to go downHello, GME is basically a Ponzi and i dont think they can come up with some bs synthetic hype that would push gme to new ATH´s. Indeed i think GME currently sits right at the resistance and it is propably a good short entry here. On its way down i expect GME will propably be target for new pump and dumps, so i would propably close short arround green curve. Would only invest what iam willing to loose tho, shorting meme stocks is still risky/meme trading. Personaly not trading it because i got no broker to short it, but propably still a good setup with low leverage/tight stoploss) DYOR This will propably trigger the GME holders lol...shitstorm incoming xD Please leave a like =)
NYSE:GMEShort
by Symbio_X
27
SPLIT DONE! Still Waiting for a clean break of the Doom DoritoBull Case remains, I am hopeful the Doom Dorito will finally break up First full week after the split next week. Multiple brokers from around the world have yet to deliver all shares saying that shares could take up to another 4-5 days to be delivered. FTDs have been increasing from June that are coming due now, will be interesting in seeing the next release on the 30th Borrow rate remains steady this weekend at 129% to over 300% according to Ortex. Technically it still seems like a massive 1.5 year spring is about to be sprung. If there is any other real world game changing announcement this week then it it can only add further pressure to breaking the Doom Dorito.
NYSE:GMELong
by testmuffin13
3