We on like Donkey Kong GME STOCK SPLITUp 25 dollars after hours.
Its time
4+ million shares for tomorrows expiry alone after 200 dollars. these are not hedged much at this point.
GME trade ideas
Momentum Channel WarsTwitter apes are chattering about levels for these derivative stonks. If a simple linear regression is accurate enough, I'm expecting to see $120 & $250 for $AMC & $GME support levels. The price action regression slope for AMC (0.5) is 2.5 order-magnitude larger than the GME (0.2) ticker.
If this is so-called "price manipulation" is true, it is hidden in momentum indicators, not correlations. OBV trails are telling.
ANALYSIS ON GME/ Good Probability of an uptrendOn GME we have a candle with a long wick and a large volume so we have a good probability of an uptrend....
GME rally stallingeach spike has held the trendline and resulted in a large pullback. Yesterday we had an intraday rally up to nearly $200 but closed 10% lower at $179. that indicates recent momentum is probably over for now. So move up trailing stops or cut your position IMO. book some profits if you were in this move. Take maybe 2/3 off the table and let the 1/3 run for a free bet, again my opinion. RSI overbought at 80.
$GME Trading it 3/31below 165
156-159 possible intraday
idea only valid if market red/negative 2morrow
#optionstrading #options #daytrading #tradeideas #stockmarket
GME technical analysis to run up in January Analysis of bull run in January 2021 to the setup we have here
Trade halts were January 27th before GME hit record highs on January 28th
link below
Use 4 hour for chart GME www.usatoday.com
BULLISH
Not financial advice
No dates
GME rally stalling 2GME 15 minute chart showing above or near $200 the RSI spiking to oversold (i use 80 as oversold not 70, weeds out false signals). No volume above or near $200 to verify the move and sustain it up there. Big sell ff into close resulted in an MACD crossover.
Cup of tea anyone? Cup forming on the 15 min,Possible Cup forming on the 15 min , this Handle could break us up into the 130s , keep your eyes open, a lot of high si stocks are on the move
$GME with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $GME after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 40%.
GME Real Time TickerGameStop Corp. is an American video game, consumer electronics, and gaming merchandise retailer. The company is headquartered in Grapevine, Texas, and is the largest video game retailer worldwide.
ANALYSIS ON GME/ Good probability of downtrend...As we see on the chart on GME we have a formation of downtrend...Sellers are coming small small.
GME is coming down sharpy in next few days. Arm your PUTSHeading towards a over bought situation. Currently setting at 78 in RSI index and given the low volume price rose sharply yesterday. Is this the sign of exhaustion? Looks like. History says every time the stock has gotten above 70 in RSI index it came crushing down. I will definitely buy a PUT at 125 level which is where I think the next support is going to be.
GME Price TargetsAnalysis done on hourly candles. The infamous Gamestop enjoyed its tenth consecutive day of a bullish rally to start off the week, placing its daily candle back above the 200 day moving average. This is a level that GME broke below in November of last year, and now that GME moved back above it you can use it as a support point. Going into tomorrow you’ll want the daily candle to open above the 200 day MA to be in the safest possible range. Looking at potential breakouts the stock will need to break the 196.00 resistance to potentially move to 200.00-205.00 next. Second price target is 220.00-225.00. This is a high risk position due to the nature of short squeeze plays.
Anybody else see this setup?Current price is testing the downwards trendline on the Daily. A breakout could mean explosive movement. Lets see if we can go above and maintain above $200 this week.
GME inside day after 100% rallyThe past a few days GME just had a crazy turnaround.
We got an inside day yesterday, if it's able to break to the upside,
I would very love to participate the momentum!
Let's see how it goes yo!
GME Wolfe Wave SetupGME Triggered a bullish wolfe wave entry at $82. It was one of many tickers that developed this setup during the recent pull back across the markets. However this Wolfe wave caught a 130% move. In addition to bull entry trigger from the script, the DBOL algorithm also switched out of a sell short and into a long position. Positioning in calls and staggering the expiration would not have been a bad idea.
GME rise is over ...... FOR NOW.
We're half way through the day and GME has completed it's compound Elliott wave.
As we move into the afternoon session what for the Kennys to start pushing price down.
I EXPECT price to fall. There's a gap ($123.14 - $130) on the daily that needs filling and it sits right at the 50% level. Hmmm, imagine that. So, $124 is easily going to happen. Wouldn't be surprised to see it hit $106 before climbing to the next milestone $224 - $230.
Game on.
GME 10 Consecutive Green Days - Go short or long? Or both?Price has broken a downtrend that has lasted 3 months, and has been showing 10 consecutive green days recently, breaking several months old resistances and daily 50 and 200 moving averages. GME may be back in play, however it's important to remember the role of bag-holders and relevance of GME.
It has been over a year since the initial pump & dump, and there're still many bag-holders that serve as resistance as shown in the volume, preventing future upward price movement due to selling for a smaller loss or to breakeven and in rare cases for a profit.
Price has been consolidating for a long time due to bag holding and lack of strong catalysts, as seen in the volume compared to the initial pump and dump, though recent volume is comparable to the 3rd rally that reached $344.66, so future price may reach these levels, but it's very unlikely price will go beyond and make new ATHs due to the consequences of FOMO (as seen on the chart) and bag holders looking to sell.
A common pattern seen in many pump & dumps, particularly in penny stocks, is a pattern that resembles an exponential decay graph, with occasional price spikes (rallies) that are weaker than the previous spike - this is due to bag holding creating heavy resistance, so long opportunities (potential short squeezes) are unlikely to be successful. The red zone encompassing the price range from $216 to $483 one should pay more attention for any reversals for shorting opportunities, such as any parabolic shorts, potential circuit breakers killing momentum, or from fake outs from the high levels the 2nd and 3rd rallies made. Make sure to have stop losses as losses when going short is limitless, and have take profits into strength or at any signs of pullbacks or towards or at demand zones.
Going long is riskier as one can be subject to FOMO due to the recent gains made in the past 10 days (+100%), but if one wants to do so, look for breakout entries on the daily or intraday timeframe, or entering when price pulls back into the VWAP or intraday MA or a demand zone, with stop losses below consolidation or the breakout level or below structural lows, taking profit as price heads towards or reaches resistance levels.
Strong reminder that FOMO and poor risk management can lead to huge losses, so one must make sure to use stop losses and risk what they can afford to lose. One can also take multiple attempts if initial entries fail, but one must know when to give up if unsuccessful - as there'll always be more opportunities to make money in the future. The aim of trading is to make money. It's not to be on the "right" side, such as to squeeze out hedge funds with large short positions, so don't get peer pressured into anything.
