Vanguard S&P Small Cap Growth ETF - clear horizontal boundariesFour months range-bound, this low-volatility ETF includes 600 constituents and offers a tiny 0.10% fee for the more passive, but still risk inclined investor (these are small cap growth oriented stocks).
The pattern boundaries are clear, and volatility is relatively low vs. historical. Price action above $235 would confirm a breakout to the upside, while a move below $205 could reflect a broader selloff coming for growth stocks.
Constituents include companies like: Gamestop, Omnicell, Macy's, Chart Industries, 3D Systems, Agree Realty Corp.
Several of the individual constituents also have constructive charts, with subjectively clear risk levels, such as 3D Systems (DDD).
$GME, $GTLS, $ADC, $DDD, $OMCL, $VIOG
Gamestop
Possibilities for a strong move upwardIn the image above there are some strong trendlines that pass through the yellow rectangle. Two are particularly strong, and two not quite as strong.
The downward trendline cuts through the other three, and I believe one of those will be where we see a drastic upward movement.
Why?
It's a uhnch, really, but I believe that this is a heavily manipulated stock so otherwise recognizable patterns might be distorted. I don't think we'll see a significant upward move above the downward trendline until the price action establishes itself along one of the upward ones. It's essentially a wedge, but with lots of downward pressure from synthetic positions. That, of course, can only last so long. It may take until the last week of August, but I see it happening before then. The completion of this loosely shares the same timeline as my prior post about e-minis. I see emini's upward climb failing in mid Aug.
"the grand heist"this is not financial advice.
i've never quite seen anything like this before in my life - not even crypto.
treating this stock as a learning experience for my own personal research, nothing more.
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if the og apes could pull this one off - then the future generation of millennials will be reading about this in their history books for the many years to come.
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Lets help Bill AckmanWith the fundamental : Billionaire Bill Ackman's blank check company, Pershing Square Tontine Holdings Ltd., has signed a deal to buy 10% of Universal Music Group for about $3.95 billion. Tight Risk Stop 22.00. Entry 22.50. Target 35.60.
Game Stop [GME] - 7/15/21 - It's going DOWN. Here's my analysis on GME. It's been weakening for a month and we just got a death cross. Not a good look. Headed down for the foreseeable future. Must hold at Support #1. If it can hold, that's a good sign. If it breaks below that, it's gonna be a LONG summer. If you're still holding at that point, I'd probably just HODL and move on to other stocks and wait until the next time it pumps. In my opinion, this is a very RISKY asset. It's a pump and dump. My approach to trading this would be to enter when it creates a floor... and then sell for profit when it gets pumped. Rinse and repeat until this stock no longer is being pumped and dumped and they move onto the next one.
Not financial advice, but just my thoughts after observing GME over this past year and hearing all the rumors and theories out there. The idea of a MOASS is keeping investors from selling when it gets pumped and even has investors buying HIGH. This can be a recipe for disaster. From my observation of these meme stocks, this is a risky game here, especially for new investors/traders. Don't worry about facing off with the "hedgies". That's likely to be a losing battle and that's not worth the headaches. The way I'd approach it is to get in at a low price when it drops... then sell after it pumps and take my money to the bank. Rinse and repeat until it's no longer being pumped and dumped. The reason we trade/invest is to make money. Gains are not guaranteed. We can't fall in love with a stock and we can't fall in love with an idea. We have to take profits when we see profits. In the end I could be wrong and the MOASS could be coming but I wouldn't bet my life savings on it. Maybe grab a couple of lottery tickets at the most. Just my 2 cents.
Goodbye GME#gme has fallen out of an equilateral wedge, accumulation is at all time lows on daily, no float is actually a bad thing in this situation despite what WSB thinks, and finally it has laddered into an accelerated downtrend (marked in yellow), I have been loading puts for awhile, looks like this validates it, you can still easily enter this if you want, the game is over, next stop is the 160s.
P.S. to self titled apes, I was long gme too, in January, I took my profits towards the peak in Feb, that was the squeeze, I can't tell you what to do with your money, but personally I would exit while I could, if you still believe it is going to squeeze your few shares aren't going to make it happen, so take your risk off and if it rockets just get back on, it has to break back into the trendline heading up at the bottom of this wedge for that to happen. Live to fight another day is the key to this market. I wish you all the best.
GME Short-Term TAShort-term TA (1-2 weeks).
We should be seeing a gradual movement upwards seeing as the past 2 days we have seen the price bottom out on the descending channel floor and was rejected twice (Double Bottom).
The price should be testing the 50 day EMA and 200 day EMA on both the 15 minute and 2hr timeframes (just my preferred timeframes).
The ceiling right now is around $208-210 with the 200 day EMA 2hr @ $210.91
Price has also respected the Fibonacci Retracement calculated support levels of 61.80% / $186.09 and continued up. The 50th percentile calculated resistance is $242.78 which would sufficiently confirm a break out of the descending channel consolidation; or cup and handle formation.
In the short term '15 min timeframe', we see the MACD is about to crossover bullish, so potentially we could see some movement upwards today.
GME bottom confirmed!!! BUY BUY BUY! great time to buy confirmed bottom. last time i buy 160, drop to 140 is better bottom. This time i think its 200 but 180 is better bottom. But i jumped the gun and bought at 216 bec of fomo! Now is perfect time to buy bro buy buy buy and get your NFT dividend next weeeeeeeek babbbbbbbbbbbbbbbbbbbbbbbbbbbbbyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy. LFG!!!! GME GME GME GME GME GME GME GME
GME reached important support levels. Is the bottom in?GME reached the 200 MA on the 8h + extended hours, it hit the S3 weekly, the diagonal support, a VP HVN and it managed to get into an area that was previously resistance (currently turned into support). So to me this either is the bottom, or GME is in trouble. This is a massive combo and the structure of GME in the long term is still bullish. In my opinion the double top at 340 has a change to break and is what has me quite bullish.
Of course there are several issues in the global economy, meme stocks haven't been doing well and so on... but this doesn't mean that we can't see another big rally. That requires that things don't crash right now and that we stay in a bullish environment for stocks... which over the last few weeks/months has been turning bearish and mostly favoring large caps. Going long here isn't a bad choice imho with stops below 160, otherwise wait for the market to close above 220 to start looking for longs.
$GME - Alt T+21-35 cyclesHere's what i think the cycles really look like. I don't like it when people just arbitrarily pick a place and start counting equidistant T+21 and T+35 forever and call it "The Cycle".
Instead i've gone ahead and arbitrarily picked my own dates and have drawn my own sort of equidistant T+21 and T+35's.
Believe what you want in the end. I've come to the conclusion that this is what the cycle looks like and not exactly like how everyone else visualizing it. I've used option flow data to find anomalous option data and based some of these cycles on those, on the 2 ATM offerings, DFV's exercise as well as the 2 market buy ins that happened sometime in Feb/March. Tldr: I didn't pull these out of my arse.
I'd love to sit and write my whole thesis here on how i've come up with this, but because i've in fact already written it elsewhere, i'm just going to link to there...
www.reddit.com
www.reddit.com
I'd paste this content here but the format would break a lot so... if you wanna know how i come up with this stuff, just read those 2 links or whatever. Anyway i think that people are counting T+21 and T+35 from the wrong place and are also too adamant about things happening on exactly T+21 and T+35 where that shouldn't be people's expectation. The T+'s are deadlines. People should be expecting things to happen BEFORE a deadline, not exactly on the day of the deadline and that's the mistake everyone is making when trying to visualize T+21 and T+35.
In reality, the cycles are much more dynamic than people are making them up to be. There's things like ATM offerings for more shares happening which just disrupt any existing cycles. For whatever reason, people aren't even taking these real life / fundamental things in consideration when counting T+21 and T+35. It's like doing raw technical analysis on a company you don't know, yes the technical analysis might show a bullish wedge, but you didn't consider the real life news that the company released saying they're going bankrupt... So yeah, if you don't factor these things in, you're just counting T+21 and T+35 from random meaningless points on a chart to other random meaningless points on the chart.
My visualization of the cycles whilst looking complete, it's really not. There's a lot more micro cycles i would've loved to add, but the chart would be come too convoluted for anyone to understand. The idea however is that within the T+35's, there's also multiple T+21's ending. You can identify these by the Short at T+18 and cover at T+21 patterns all over the chart. You'll see a lot of random large downward daily spikes, then an equal spike 1-3 days later which is the net 0 short cover. The only reason they drop the price here is to kick the can with options by hiding FTD's in far OTM puts in the $0.5 - $5 range (and maybe in the $0.5 - $50 range) then proceed to cover their net 0 short a few days later.
The behavior of the shorts is extremely visible on the chart, you just need to be able to identify their patterns correctly and i think i've for the most part done that.
GameStop (GME) • Gravity steps in soonI think GameSpot is done. We are going to see significant pullback from here.
Volumes are looking exhausted and there is no more steam to prop this up. All depends on the short interest and institutional interest to squeeze shorts up.
Overall there are several good reasons why this should go down (hard) while only one for this to move up.
"FORGET GAMESTOP"... I set my share price. I decide when to sell my shares.
Buyers at those crazy levels? yes.
DTCC computers burning hot trying to buy every single share available in the market.
When shorts start to cover the ticker will move up and up and up... and those are the levels that i am looking for:
1250 - GME surpasses Wolkswagen short squeeze.
3141.45 - GME surpasses Amazon all time high.
6969.69 - SEC will finally pay attention to GME as we hit a porn number.
42069.69 - GME hit a meme number and become the meme king stock.
208571.00 - You can sell 1 share of GME to buy the cheapest Lambo in USA.
420420.69 - GME hit another meme number and surpasses BRK, become the most expensive stock class A in the world.
20000000 - Infinite Pool ...
Guess that if we follow MSM advice and forget about Gamestop the infinite pool is a certain thing.
The power of HOLDING.
GME MOASS SHORT SQUEEZE INCOMINGPlease note i am not a licensed advisor. I study charts with my free time. Im sorry but there is no other way to say it except GME ROCKET INCOMING.
This may be the last couple weeks give or take to get GME at a significantly low price. I myself will be buying.
I hope you all have a blessed weekend!
GME Bullish pennant breakout?It looks like it's getting out of bullish pennant.
Waiting for the confirmation here.
It can break the trend on MACD and Divergence Indicators. RSI + MF are looking quite good. If it breaks over the resistance it's going to fly again.
After the last drop I've predicted in the linked idea I think this is the moment to look for an empty seat on the train.
Good luck guys!