Get started

Gamestop

GME earnings call dip then pop?Tomorrow we see if history repeats itself; historic trend has been for a post-earnings call dip followed by bullish retracement RSI looking oversold at these levels but earnings call will be the strongest catalyst for any price movement up/down. Any positive news from RC tomorrow and this rocket may take off w/ a dip, prices may fall temporarily fall to 160-180 levels before rebounding w/o a dip, price target 400+? Not financial advice, just my thoughts Let me know what you think!
NYSE:GMELong
by seymour-ganes
9
Analyzing GameStop GME Stock ChartFor those of you trading the meme stocks.... this one for you. I took at look at Gamestop (GME) Here's my analysis... Watching in the 1 Hour chart. Positives: Price is bouncing off lower trend line. Currently price is hitting previous support. RSI and MACD reading oversold. Negatives: Price met a lot of resistance above $200 Current trend is down Fundamentals are weak Price prior to the Reddit move was well below current levels. P/E is astronomically high at 10,140!! In comparison, AMZN is around 80... and even that's high. Opinion: This is a highly risky trade. Based on technicals, there is potential for a run-up again to $300-400 range. But this is a huge maybe considering it's majority depends on retail and not institutional money. If it does run, it will end very quickly like previous runs. In my experience, market makers like to project possible run up influencing the technicals that retail traders are using, convincing traders of a run before they pull the rug from under you. If you do decide to enter, I'd look for a current dip to previous lows before entry and have tight stop losses in place. As always, don't use money your not prepared to lose. set your take profit within reason of the upper support and... don't be greedy. As usual.. this is not investment advice. DO YOUR DUE DILIGENCE! Best of luck trader!
NYSE:GME
by ForexDestiny
7
If GME's trends could talk [REPOSTED]Good morning Apes! This is a slightly retouched version of my last GME post. I noticed one trend line was slightly off and I corrected that mistake. As you can see since the first upbreak in January GME has been looking straight at the $500-ish area. I would guess, after every trend line confirming, that $500-ish is the price point that needs to be passed for MOASS. If not, that's still the area it wants to be in. NYSE:GME For entertainment purposes only. Do your own research. NYSE:GME God Bless
NYSE:GMELong
by UnknownUnicorn24212010
7
Let's get into some stock trades #4 & #5 - AMC & GMEDespite AMC & GME having either bad business models given the era we live in or bad financials or a mixture of both, the meme stock craze doesn't seem to be going away. AMC currently at about 17-18% short interest of free float and GME at about 12-13% short interest of free float. Neither heavily shorted, but there is some juice. Clearly neither as short as during the major squeezes, but the charts look pretty strong. Currently we live in a world were memes, brands, communities and networks is all that matters, and these stocks have all of that behind them. Will these end well? Probably not, but in the short term we have something big here. Several weeks ago I put out some updates on AMC and GME, and both did drop substantially since then and then found support. I stupidly ignored my 32$ buy level for AMC and on GME I was a little more scared that it would hold 150 after it lost 180. However the current view is quite different as they are both showing substantial strength. Short term might both pullback, but in my opinion it isn't a bad idea to own a little bit of both and consider that money lost as they could both go up 200-500% from here or even higher depending on how the stock market craze progresses. In my opinion we haven't see the parabolic rise of stock markets yet, but we might be pretty close. Before that we might get a dip which would definitely be a great buying opportunity.
NYSE:AMCLong
by BitcoinMacro
GME and Wyckoff's Composite Man“…all the fluctuations in the market and in all the various stocks should be studied as if they were the result of one man’s operations. Let us call him the Composite Man, who, in theory, sits behind the scenes and manipulates the stocks to your disadvantage if you do not understand the game as he plays it; and to your great profit if you do understand it.” (The Richard D. Wyckoff Course in Stock Market Science and Technique, section 9, p. 1-2) Wyckoff advised retail traders to try to play the market game as the Composite Man played it. In fact, he even claimed that it doesn't matter if market moves “are real or artificial; that is, the result of actual buying and selling by the public and bona fide investors or artificial buying and selling by larger operators.” (The Richard D. Wyckoff Method of Trading and Investing in Stocks, section 9M, p. 2) Based on his years of observations of the market activities of large operators, Wyckoff taught that: The Composite Man carefully plans, executes and concludes his campaigns. The Composite Man attracts the public to buy a stock in which he has already accumulated a sizeable line of shares by making many transactions involving a large number of shares, in effect advertising his stock by creating the appearance of a “broad market.” One must study individual stock charts with the purpose of judging the behavior of the stock and the motives of those large operators who dominate it. With study and practice, one can acquire the ability to interpret the motives behind the action that a chart portrays. Wyckoff and his associates believed that if one could understand the market behavior of the Composite Man, one could identify many trading and investment opportunities early enough to profit from them. Wyckoff's composite man theories, price cycles, schematics of accumulation/distribution and three laws have helped me a great deal in understanding how markets work. Just as important has been Cem Karsan . The 19th I mapped out in this chart of a buy the dip trend: was originally identified by Cem since 2020 as the Fed pumping stimulus (liquidity) into the markets. The Fed stimulus creates a well fed Gary (ape). Gary is what people in vol markets refer to as how the majority of market markers are positioned for volatility. If a majority of MMs are long vol (well fed ape) it makes it harder for the underlying structure of the market to break down (corrections). Karsan identified this cycle of (dips) as a result of end of MM and HF 20 day cycles. With so much liquidity in the stock markets right now a well fed gary creates a pinning effect in major indexes for expiring contracts /hedging cycles. Using order flow (supply / demand) of major derivatives, Karsan is able to identify market support/resistance levels from volatility hedges and dozens of other factors with weekly/monthly pin point accuracy. What I think is causing all the short squeezes lately (AMC, SPRT, etc..) is that more people are identifying this cycle. All the short squeezes started up again at this wyckoff markup phase. Gamestop is one of the OG short squeezes and the effects of these cycles/phases are clear in the charts now. There are several posts on popular subreddits related to these phases/cycles going back to the original short squeeze in Jan. The thing with Gamestop are the Wyckoff price cycles are diminishing in volume and I don't know what that means.
NYSE:GME
by SPYvsGME
4
AMC Short Squeeze Prediction (Third Times A Charm)When looking at AMC's price action in the previous months, September, particularly the week of 6th-10th, is looking real bullish for AMC. The first squeeze attempt happened Wednesday January 27th, the second Wednesday June 2nd. Both occurred in weeks where Monday landed on a holiday. Is it a coincidence that AMC's price action is rising and that September 6th happens to also be a holiday? Take this with a grain of salt because AMC is a hard one to predict, but September 8th looks really good on my calendar.
NYSE:AMCLong
by TradingWithEmotion
3