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Gamestop

GME, IT'S GAME ON! Price Growth ImminentGME is certainly a no brainer from the current level. The daily data is suggesting a very significant accumulation and net buying. Daily higher lows has been registered. Target Prices will be 30, then 40. Spotted at 20.0 TAYOR. safeguard capital, always. -------- Here is some fundamental data for reference: (mostly outperforming, 3 digit percent growth) (USD) Ene 2023 Y/Y Kita 2.23B 1.22% Net na kita 48.2M 132.68% Diluted EPS 0.16 133.33% Net profit margin 2.16% 133.03% Operating income 68.4M 145.27% Net change in cash 336.5M 327.06%
NYSE:GMELong
by JSAL
34
GME GameStop - Short Squeeze in the Making!If you haven`t bought GME before the previous breakout: Now you need to know that GameStop (GME) is creating a buzz in the options market, especially as it gears up for an exciting week ahead! After experiencing an astronomical increase of over 121X in less than four months in the past, GME has captured the attention of traders and investors alike. This dramatic surge in price has raised speculation about the potential for another gamma squeeze, reminiscent of the impressive rallies seen in the past. With calls at the $125 strike price set to expire on January 17, 2025, there's palpable optimism in the air! The notable volume of these calls suggests that investors are positioning themselves for a significant move. Traders are eager to capitalize on the momentum that GME has built, especially with historical patterns indicating that such surges often lead to increased volatility and price spikes. The options chain for this Friday looks extremely bullish, with an uptick in activity signaling strong demand for GME calls. The convergence of high open interest and the upcoming expiration date has the potential to ignite a new wave of buying pressure, further fueling the chances of a gamma squeeze. As more traders enter the market, the cascading effects of rising call prices could push the underlying stock higher, benefiting those who are well-positioned in the options market!
NYSE:GMELong
by TopgOptions
$GME - October 1-15If anything was going to happen it was gonna happen and it didn't. I did notice this brilliant little thing though. Could mean we're having another May-Like run. imgur.com The timeline for this is October 1-15, potentially may get pushed to 22-31 Oct due to unknown factors or events around those times like another big scam company announced by Hiddenburg conveniently coming out when the data shows a run or something about Carl Icahn again. It does look nice though. I'll be monitoring its progress and see if it continues to be similar to the May run. If it does, the buy time would be 26-30 Sept. Will let you know as i have a few loans to pay off now and can't join these ones so they're all yours to destroy by inversing this post. Till then, GME looks like it'll be doing the usual boring stuff like going sideways, dumping on earnings, re-pumping the next day back to normal and then dropping slowly over time again to an even lower price point as people get comfortable selling their CC's and then covering them around the timeline i mentioned whilst getting ready to sell CC's at the new GME top thus cutting any big runs short. The good runs are the runs none of you know about, because that way no one's expecting and thus no one has their fingers ready on the CC selling button the moment they see a 10cent peak. So technically i'm the run destroyer. A watched pot never boils over.
NYSE:GMELong
by leenixusu
3
GameStop ($GME) Faces Challenges as Stock Plummets 14.65% Shares of GameStop (NYSE: NYSE:GME ), the once high-flying meme stock, plunged nearly 15% in premarket trading on Wednesday. This dramatic drop came after the video game retailer reported a steep 31% decline in quarterly revenue, overshadowing its swing to profitability. As GameStop grapples with the evolving gaming landscape and a strategic overhaul, investors are left questioning the company's ability to stage a meaningful comeback. Revenue Decline Overshadows Profitability GameStop (NYSE: NYSE:GME ) has been feverishly restructuring, aiming to revive its business by closing underperforming stores and focusing on value-added products to enhance sales. However, the latest quarterly results paint a grim picture. Despite achieving a net profit, the company's revenue plummeted by 31%, a decline that raises concerns about its long-term growth prospects. The company announced plans to sell up to 20 million shares to fund future acquisitions, marking another strategic pivot. This move follows GameStop's earlier capital raises totaling over $3 billion, which were driven by wild stock price swings fueled by retail investors and prominent traders like Keith Gill, known as "Roaring Kitty." However, the market's reaction was far from favorable, as shares slid further after Gill's return to social media failed to ignite the same enthusiasm seen in 2021. The declining sales reflect the broader trend of consumers moving away from physical game discs toward digital downloads and streaming services. This shift has heavily impacted GameStop’s core business, pushing the company to diversify its offerings. Despite these efforts, the retailer’s ability to stabilize its revenue remains uncertain. Symmetrical Triangle Breakdown Looms GameStop's technical outlook is equally concerning. Since early June, NYSE:GME stock has been trading within a symmetrical triangle pattern, with price oscillations tightening as bulls and bears vie for control. After a brief three-day rally, the stock was rejected at the triangle’s upper trendline, highlighting market uncertainty ahead of the earnings report. Wednesday’s sharp drop could signal a potential breakdown below the triangle’s lower trendline, opening the door to further downside. Key levels to watch include: 1. $18.50: This area represents a potential support level near the 200-day moving average (MA) and past peaks and troughs. Holding this level is crucial; failure to do so may lead to further declines. 2. $15.25: If $18.50 fails to hold, the next critical support is at $15.25, where the stock has seen periods of consolidation earlier this year. This level may serve as an entry point for value-seeking investors. 3. $13.25: A breakdown to this level would represent a 43% drop from Tuesday’s close, marking a critical support zone where buying interest could re-emerge based on historical lows. Despite the bearish setup, there remains the potential for a meme-fueled rally driven by retail investor enthusiasm. A key bullish target would be the $30.50 area, where traders might look to capitalize on past gaps and resistance levels, especially during periods of heightened volatility. The Road Ahead: A Cautious Outlook As GameStop (NYSE: NYSE:GME ) continues its transformation, investors should remain cautious. The company's ability to stabilize revenue and navigate the shift towards digital gaming will be paramount to its recovery. While the stock’s RSI currently sits near oversold territory at 47.61, indicating some potential for a bounce, the broader technical picture suggests a challenging path forward. Investors should closely monitor the key support and resistance levels highlighted above, as well as any further developments from GameStop’s management regarding its strategic initiatives. With market sentiment fragile and the stock under pressure, GameStop’s next moves could prove pivotal in determining whether it can reclaim its status as a meme stock legend or continue its downward spiral. Stay tuned, as GME's journey is far from over—and volatility is almost guaranteed.
NYSE:GME
by DEXWireNews
3
$GME - Small Update"PLEASE READ" Seems that the last little indication of something happening didn't actually quite pan out according to my data. There's very little chance of something occuring this and next week although the possibility exists. I see from a different dataset that i have that it's more likely that we may see something around the 5'th of August or 28'th. It's WAY too early to say anything for sure, these are just very very very early indications of something occuring. My data may flip negative way before we even reach these dates. Obviously i will let you know before those dates wether my data still looks positive or if it's flipped negative. The above chart will be invalidated if it flips negative, so please keep an eye out on UPDATES to my post as these are more important than the graph i've drawn. I have a lot of data but nothing publically digestible/understandable yet which is why i'm not sharing anything here today. It would take too long to explain the charts/data that i have and very few people would understand, instead i'm letting you know verbally what's happening so you don't have to worry about the analysis part.
NYSE:GMELong
by leenixusu
20
GameStop ($GME) Technical Analysis: A Harmonious Bullish Journey### GameStop ( NYSE:GME ) Technical Analysis: A Harmonious Bullish Journey #### Current Financial Data As of the latest market close, GameStop Corp. (NYSE: GME) is trading at $24.43 , reflecting a change of 1.75% from the previous trading session. The stock has a market capitalization of $8.58 billion, with a 52-week range of $9.95 to $64.83. The average 5 day trading volume stands at 12,258,820 shares. #### Long-Term Harmonic Bat Pattern Since reaching an all-time high (ATH) on May 14, GameStop's stock has been slowly carving out a harmonic bat pattern on larger timeframes. This pattern, known for its predictive power, suggests a potential bullish reversal. The bat pattern is characterized by its specific Fibonacci retracement levels, which GME has been respecting, indicating a well-structured technical setup. #### Falling Wedge Formation Around July 1, a falling wedge formation was observed, typically a bullish continuation pattern. This formation indicated a consolidation phase within a broader uptrend, providing a precursor to a potential breakout. True to form, GME began to show signs of upward movement following this pattern, marking the beginning of a new bullish phase. #### Price Movement and Momentum Post- July 1 , GME saw a price retraction to the $23.37 mark. This pullback was instrumental in building bullish momentum as traders accumulated positions, anticipating the next leg of the harmonic pattern. The slow price retraction allowed for the formation of a solid support base, critical for the upcoming bullish journey. #### Resistance and Targets Currently, GME is approaching a significant resistance level at $31.69. Breaking through this level is crucial for further bullish progression. Upon successfully overcoming this resistance, the first target stands at $37.78 . This target is strategically placed just before another anticipated retraction around the $32 mark, providing a healthy correction and consolidation phase before the next bullish surge. The second target is set at $53.44 . Achieving this target would mark a significant milestone in GME's bullish journey, completing the second leg of the harmonic bat pattern. This level aligns with the 161.8% Fibonacci extension from the initial price move, reinforcing its technical significance. #### Technical Indicators Several technical indicators support the bullish outlook for GME: .**Relative Strength Index (RSI)**: The RSI is currently trending upwards, suggesting increasing buying pressure. **Moving Averages (MA)**: The 50-day MA is poised to cross above the 200-day MA, forming a 'Golden Cross', typically a bullish signal. **Volume**: Trading volume has been increasing, confirming the bullish momentum as more traders participate in the rally. #### Conclusion GameStop ( NYSE:GME ) is currently in a technically significant phase, with multiple bullish indicators aligning to suggest further upward potential. The formation of a harmonic bat pattern, coupled with the recent falling wedge breakout and subsequent price movements, sets the stage for a bullish continuation. Traders should watch the key resistance level at $31.69 closely, as breaking this would open the path towards the first target at $37.78 and potentially the second target at $53.44. As always, while the technical indicators provide a strong case for a bullish outlook, traders should remain vigilant of market conditions and news that could impact the stock's performance. Happy trading! --- *Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research and consult with a professional financial advisor before making any investment decisions.*
NYSE:GMELong
by wikitrades
3
$GME - First signs of something possibly happeningHi guys, My data didn't show the last couple of large spikes making me think they were completely related to DFV's forced MM share buying to hedge which is why i didn't post anything. Now i'm finally seeing small signs of something possibly happening. Nothing concrete yet, still the begginings of what might be something. My algo printed a buy for GME and it's the one that kinda predicted big pump to $75, also other data partially confirms this is not a false positive print. I plan to open a small position at some point just in case. Won't be sharing the position here as GME is an important trade and i don't want my trade to be affected by various factors caused by me sharing my position. imgur.com My data shows a spike in the blue line data which is significant. It it continues rising, then we'll see a price pump eventually. That's all i can say for now.
NYSE:GMELong
by leenixusu
11
Don't Sleep on Game Stop (GME) - Time to Buy Again!Gamestop has seemingly lost steam in the past few weeks and the hype may seem like it's over. Ignore all of the fundamental talk about GME going nowhere and focus on the Technicals. The Technicals are still in play here for GME to continue to push upwards. We have created a strong support area ~$22.25 and that area has been tested several times now and continues to hold. We've been consolidating for over a month now, and have just seen a bullish Break of Structure on the H4, signaling that this baby is ready to start moving again. The volumes haven't started picking up yet, so it may take a little more time....but this is where "smart traders" should be getting back into GME. Since we have had a few pushes up previously to the $40+ range, it won't take much at all for this to skyrocket back to those levels. Time for a long position here at ~ $25-$27, with a HUGE Risk to Reward Ratio...5.5+. Stops should be just below $22, and targets are initially $49, then $65. Overall a ~$5 risk with a $22-$40 reward...I'm taking that trade all day every day!
NYSE:GMELong
by bigkid803