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GME trade ideas

$GME Algorithm Buy AlertOur algorithm gave a buy alert today, and we entered a long position at 1415 for a day trade. In addition to our algorithmic signals, we incorporate other technical analyses to inform our trades. A downtrend line, for instance, provided added confidence in our decision to take a long position for this day trade. We monitor a handful of stocks, with NYSE:GME among them. It's worth noting that we focus exclusively on long positions and avoid shorting growth stocks like NYSE:GME
NYSE:GMELong
by AlgoTradeAlert
3
Another GME Rally?Overview Usually I stay away from meme stocks but when opportunity knocks, I can't help but check the door. NYSE:GME appears to be gearing for a double bottom pattern which may see another spike in the share price back to $65. I haven't extensively researched the idea I'm about to present so please take it with healthy skepticism but in my few years of trading I believe I've noticed a trend: when the traditional stock market is doing well, crypto and meme stocks sink. And when the traditional stock market begins to fall, crypto and meme stocks rise. I chalk it up to recycled profits being moved from one market to the next. Technical Analysis Dwindling share value on decreasing volume; MACD and MFI have retreated from overbought territory; MACD and RSI are both underneath their signal lines which suggests the next cross will be from beneath which is bullish (the question is when it will cross though). Because of GME's past volatility and unpredictability, it would be best to approach this asset like a lottery ticket. You don't expect to win, but it's fun to play.
NYSE:GMELong
by Shepherd_Investor
1
Time to switch from Momentum trading to mean reversion in GMENYSE:GME The latest Short Interest data has been updated recently by FINRA. Keep in mind that SI data always lags by two weeks as they are introduced. The SI data with a settlement date of May 31 shows that SI has dropped from 22% to 15%. This is a massive drop as it is the lowest number of shares short in nearly 2 years. This also explains (in hindsight) why the gap up on the next trading day (June 3rd) immediately fizzled as there was not as much juice to support the run as before. See chart image below for SI and other financials. We are now in dicey territory. GME is not a small cap stock; it's a $9.5B Market Cap. Investors reacted differently to it this time than they did the last time Redditors took this stock to the moon. Investors quickly abandoned their shorts. They are much less stubborn this time around than last time and certainly don't want the headlines. Thus I would argue that looking for momentum breakouts maybe reckless here. There is a good chance that this stock is done for and will peter-out back to it's normal downtrend. But whether it does or it doesn't, a mean-reversion trade is in order. Either as a dead cat bounce or as a setup to shake out unserious hands, lure in shorts and gather enough momentum for the next bullish attempt. Blue arrow at $21.54 shows minor resistance (TA shown on black & white chart) but I think we will get a flush down to the cyan arrow at $18.06. I will be looking to buy it there. Anyway, that's what I am doing with my money, you do you. Good luck.
NYSE:GMELong
by ConvictionTrades
2
GameStop Corporation _ Under _ Trading _ Venue _ NYSE. GameStop Corporation _ Under _ Trading _ Venue _ NYSE. I'm not going to write formula for this asset class as it is clear where is dropping! I do hope this will help some retail investor so they don't lose money. I will write the whole data once the lower prices are corrected first. First will drop to the following prices: $17.47, $15.22, $12.18, $11.38 ______________________________________ If Above lower retest corrected (a) I will be writhing the whole data, (b) I will be covering deep management risk and will write a strategy for the correct level of entry and execution level. _______________________________ For longer term as long as the above retest are done correctly and 2 further support are confirmed then do expect the following distribution prices. $29.83 $31.09 $37.83 $40.47 $42.17 $48.76 $50.74 $57.09 $63.66 $74.42
NYSE:GMELong
by Skill-Knowledge-Conduct
GME - A local Higher High is LikelyHello all, just a man following those pennies. The structure I am seeing on GME hints at a likely higher low to form Thursday (6/13/24). I do believe that there's a significant likelihood we see a bullish sweep, and looking at this overall structure I do believe a higher local high (above $34) will be made. However, the long-term picture of this, suggests a likely fall in price after this next move. Will be watching to see how this pans out, but I plan on taking a low risk trade in the Morning given pre-market isn't a slaughter below $22.85 range. Who knows, sometimes GME moves so fast and with such volatility we could gap up with insane momentum within the first few trading hours leaving me unable to take this trade. Even if I were to go short via puts/stock on the rise, the risk and gamma squeeze would leave me disinterested. Let's see how tomorrow opens. The pennies suggest a higher low. have a good one :)
NYSE:GME
by ThePennyMan
4
GMEideas about the movement of the GME stock for the year 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
NYSE:GME
by vip3rgr