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GameStop | Real Roller CoasterWhat a ride it has been so far for $GME this month. It is like an actual roller coaster: from having January flashbacks with insane gains, towards a huge sell-off within minutes. $GME has been haltered several times today where we experienced a 50% drop within half an hour. Since then, it recovered and hovers around the ~ $260 area. These developments are crazy, but very interesting to see. Where shorters are having a hard time as of this moment, Reddit HODLers are waiting for new highs. I personally think we will have the same effect as the one from late January. At that time, we saw a huge sell-off, followed by massive regains. We can already see the same effect happening a bit as of this moment, but I hope to see $GME moving back towards the $300 range first, with eventually having a better outlook than late January’s. In the end, this stock is very, I mean very volatile at this moment. Will we see more upsides, or will $GME face another cool-down period? What do you think?
NYSE:GME
by djaanos
3
AMCI won’t bore y’all with the fundamentals that are the foundation of my bullish case, but, as you know, I’ve been cheering these social media stocks on. I have multiple positions in AMC. I added more at the predictable dip at 11am today. My question to y’all. What do we close at today? My personal opinion is that it is going to be a very exciting PH (power hour). My guess. 14$ eod :). -for the sake of all my contracts expiring Friday. No worries. I got plenty o’ shares.
NYSE:AMCLong
by SwissVegaPhyle
4
"💎🙌" - The Absurdity of Setting a Take Profit for GMEMy opinions are not financial advice! I have not taken, and do not plan to, take any position on GME in the near future. The purpose of this post is to try and show how utterly ridiculous it is to set a take profit, and a little bit of the... math I've seen behind it. "Goooood morning, WSB investors! This afternoon's YOLO lottery rounded out to a solid 'n' sturdy thirty! Ten outta Discord -- thanks to the advice of PoopMaster69! One institutional investor down, so I guess you're all screwed. 'Cause Melvin will NOT let that go. Got another life savings loss on Reddit. 18-year olds are at it again, pokin' holes in their grandpa's retirement fund." -- CyberPunk 2021 Backstory I find it interesting that some retail 'investors' have tried to pinpoint an actual price to take profit on GME. Rumors have flown around about the cause of the pump, with the firing of GameStop's CFO being the #1 theory. While no one knows for sure, all of us can be sure of one thing -- retail investors didn't cause the pump, whales did. The "Hot" stocks, including GME, AMC, EXPR, and BB, were all lit up at the same time around 2:30pm. This is not our game -- unless WSB can muster the same collective buying force that was displayed on their first "pump", this is the whale's game, and retail investors are just a small frog in a large pond. There is no way to set a definitive TP for an unpredictable stock like GME. The 'Math' According to past trends, the second wave of a pump tends to hover around 60-70% of the ATH. This aligns closely with the Fibonacci Retracement level of 0.618. We can see here that GME hit resistance around $330 and was rejected several times, making this the ideal price to take profit at. In addition, the bullish volume of the pump did not show very strong signs of resistance. Fin I saw a few "analyses" along the lines of that 'Math' being shared in communities. Though that's not the actual math -- that's my own, using the same logic. I'm by no means a professional trader, but you don't need to be an institutional investor or a full-time day trader to realize how absurd the reasoning behind setting a TP for such an unpredictable stock would be. GME is a prime example of "get rich quick or die trying" -- in my personal opinion, if you're going to insist on riding it to the moon, take percentage profits as you go -- that way, when GME or any of the other "hot" stocks suddenly starts following Newton's third law, you won't curse yourself for not taking a profit. And no, GME is not the next Bitcoin -- there are a large number of reasons that should be abundantly clear. We'll see how accurate the 'math' is. Sadly, I will not be riding GME 🚀🌙. On the bright side, tomorrow is my birthday, so there'll be an abundance of Discord server drama and fresh entertainment from the WSB subreddit. Remember -- any profit is better than no profit . Ciao!
NYSE:GMELong
by DecentraNet
2
GME's New BasementI'm going to start off with, I told yall so. Now that that's out the way, we are leaving my area of expertise. I got a warning placing a trend line alarm that I should switch to log, and that's when I realized I'm just along for the ride. After reading through everything I have, I fully believe this thing is going to the stratosphere and I'm proud to be along for the ride. My plan is to sell at 777 a small portion to cover most of this years expenses. I have a confirmed order placed for my wife's contribution to go off at 1,600. The rest is riding till I feel it's time to leave. This will be my last post on this until we get back to this range after, where I plan to put most if it back in. I'll update with sells. Goodluck, and happy trading. 172 @ 50.23 PT Infinite
NYSE:GMELong
by LemonKing
THE GME 💎🤙WEDGE BREAKOUT SQUEEZE Okay here is what I see when including the extended hours in the hourly. A wedge is about to break. If it breaks north, the squeeze can start. Its fueled by: Weak bear volume in the last few hours of 3/2/21. Stoch RSI in prime position to go up Whatever people are saying about that solid DD coming up on 3/19.21 If it breaks south out of the wedge, well then, maybe it drops to $85 area? It might then catch a ride back up on that old green resistance line I have in place from weeks ago. It was already touched a few times recently on 2/26/21. Charting to see how close I get in reality.
NYSE:GMELong
by beynonfarms
1
GAMESTOP -- Keep this simple. Late to the party on this one? No worries, it's still game-ON for profits. Now that there are key ranges in play for ALL to see, this becomes easier to read. Do not complicate it any more than it needs to. Zero moving averages, zero indicators. Read the charts and follow the potential moves from these highlighted areas. Use your own methods for entry, but these are higher probable turning areas I expect to watch...double tops, double bottoms, false breaks, value reversion trading at its best. Shorts are in the RED and longs are in the GREEN. The current value range WHITE has been created for us to use as targets. Very similar to my BMBL IPO trade last month. *Ideas are my own and not as recommendations
NYSE:GME
by ProSTrades
7