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GBPNZD - POTENTIAL LONGHere's one of the trade's that I entered before the market closed which I am currently holding. As you can see, the price has interacted with my entry zone which is currently the support level, I believe that the support level will be respected, considering the fact that this zone is an area of confluence. The purple line is a long-term resistance trend line which price also broke above and is now currently retesting. I may add smaller positions to my entry if the price is able to remain above the support and trend line. This is not a trade signal, but a trade idea.
Long
by KGCASH
2
$GME CFO is resigning, effective next month.GameStop’s Board Pushed CFO Out to Speed Up Strategic Shift GameStop said Chief Financial Officer Jim Bell is resigning, effective next month. The board and management pushed Bell out to make way for a new finance chief who shares their vision of transforming GameStop from a brick-and-mortar retailer into an e-commerce company, according to a person with knowledge of the situation who asked not to be identified. Bell didn’t respond to a request for comment. An executive search firm has been engaged to find a finance chief with “the capabilities and qualifications to help accelerate GameStop’s transformation,” the company said Tuesday. The Grapevine, Texas-based retailer is undertaking a strategic review, largely the result of pressure from board member Ryan Cohen, who bought about 13% of the shares and became the company’s largest individual investor. The former head of pet-supply provider Chewy has pushed GameStop to become a more direct competitor to Amazon.com Inc. He won three seats on the company’s board earlier this year. “Mr. Bell’s resignation was not because of any disagreement with the company on any matter relating to the company’s operations, policies or practices, including accounting principles and practices,” the company said in a filing. The company declined to comment.
NYSE:GME
by AlenCiken
2
GME 48 resistance level part 2So as i have posted previously, GME touched on the 48 resistance level before retreating back. I think this is an important level to watch, along with the lower support level of 38. I would like to see the RSI to continue to gain, getting closer to and above 60 before seriously looking at this closely. If it falls lower and loses momentum, then we have to assume that it may test support at 38. As we have seen in the past, this stock is VERY susceptible to news and will move on the slightest positive or negative news. We saw a rally earlier in the week because a certain main character of this "reddit" saga posted that he had bought 50,000 shares of the stock. While in the long run i don't expect this stock to replay the $450+ levels in recent past, it is certainly prone to volatility as smart money try to gain leverage to their favor. My personal opinion is that, if you're a day trader or are trying to catch the tail end of the incredible moves that it had, you should take extreme caution, or only put in what you can afford to lose. For the "diamond hands" my experience is that this is a gamble and a wish, not based on any fundamentals or technicals, but pure "to the moon" speculation, so there's no point in trying to convince them otherwise :) But my only comment to them will be that, if everyone knows the state of play on this stock, unless you know something that others do not, then you have to consider the possibility that those who do this for a living may have an advantage in faster and deeper execution of trade. That's all i'll say about that. Good luck.
NYSE:GME
by grenadetrade
$BTC Short 4hr TF Fibonacci, Supports & ResistancesQuick Bitcoin short after a failed backtest of ~$54,000 support turned resistance. MACD divergence and declining W%R from overbought were confirming indicators to take the trade. A break of support of the ascending channel led me to believe that continuation of to the next support level was impending. That level was the ~$46,000 3.618 fibonacci extension from ~$10,000. A bounce off of that support led me to take profit and ladder my exit at ~46,500. >16% ROI without leverage. Check out my other published ideas and trades I took.
BITFINEX:BTCUSDShort
by Sethonomics
🏛GAMESTOP 2.0❗️VIX SHORT SQUEEZE COMING↗️LONG🚀 ☑️VIX is trading above a strong daily level From where is typically surges Up sharply There are two falling resistance levels ahead If first one gets broken the second will be retested Why short squeeze? The short float is at its record highs on VIX According to Morgan Stanley A record flow of retail investors are flooding into VIX ETF's While the number of short positions from institutions is at its pre-covid levels Long VIX idea is circulating around Reddit trading community And as the short selling became the new target for the mass retail investor A sudden surge of long positions might trigger a massive short squeeze With higher and higher call options strikes on VIX ETF's being triggered And more inflows into the ETF following to cover the calls And the ETF's buying VIX contracts responding to the inflows of cash into ETF's That will create a vicious cycle and we might see a significant repricing of the S&P500 options as a result With many institutions hurting massively, more so than from the Game Stop surge. LONG! ✅Like and subscribe to never miss a new idea!✅
TVC:VIXLong
by ProSignalsFx
16
$SPY - Correction / Crash (Caused by GME)The GME Rabbithole www.reddit.com (Not mine) Big hedgies are closing and liquidating long and profitable positions on many stocks to be able to pay off the incoming gamma squeeze on GME and possibly AMC. Bloombergs and CNBCs will call it a "Correction" when it's in fact just greedy naked shorting and overshorting a company for more than their share float in order to bankrupt them. GME is squeezing slowly and will eventually explode. As time goes on, these hedgies or CITADEL or Point72 people will liquidate more and more to prolong their suffering. Melvin likely sold their short positions to the people above them and may not be a thing anymore, who knows. No way they have this much selling pressure, must be a bigger fish. Eventually everyone of them will get bailed out because the system is too big to fail and we'll get paid what's owned. Melvin filing for divorce and certain execs getting bonuses in this last period indicates that they know what's to come. Make sure to trade without margin and disable share lending. Their reckless shorting will 'crash' the market and we'll see another 2008, but not for us, for the hedgies and unfortunately the government will likely use Taxpayer money to bail them out. Not sure who wins here. Media is still shilling fake stories on how GME or AMC are BAAD. SPY and GME are inverse of each other. That's all.
AMEX:SPYLong
by leenixusu
6
GME 48 resistance levelWe've been seeing perhaps a bottoming out process in the past few sessions at the low 40's level. If it manages to make a move higher, it will run in to the 48 resistance level. It's key to see if GME is able to break above this and move to 60, or get rejected and either consolidate some more or head lower. Watch the RSI levels. I think getting in at 48 ish after it breaks and manages to stay above the level and riding it to 60 may be the play here for a 20-25% gain. I still wouldn't hold this stock assuming some kind of "to the moon" wishes still.
NYSE:GME
by grenadetrade
1
My success with GMA +500% by TA.At the end of August 2020, I saw that the GME price touched its historical low (the lower red horizontal line). At the same time, the "Diamond" reversal model was formed. The breakout of the" Diamond " up on 31/Aug/2020 confirmed the reversal from the downtrend to the uptrend. Next, I used the old-school tactic of "Measured movement" according to D. Schwager - according to which each new wave of growth is equal to or slightly greater than the previous one. And each new wave of falling is equal to or slightly less than the previous one. And this "Measured Movement" clearly bounced off the support line of the new trend (the purple line). This allowed me to surf both long and short until mid-January 2021. Then the growth became threatening, I closed GME and took a profit of about +500%.
NYSE:GMEEducation
by Dr_Chester
8
The GME Fiasco Demonstrates the Need for RavencoinYou are probably aware of the unprecedented events surrounding Gamestop stock, retail investors, a potential short squeeze, and market manipulation by institutions. Thousands of retail investors like myself lost out on what could have been hundreds of thousands of dollars in gains on GME stock due to illegal abuses of the influence that brokerages and hedge funds have. The legislation is already in place to prevent the naked shorting that led to GME being shorted 140% of float, but it still happened. The legislation is in place to prevent the unbalanced and severe effects that Robin Hood had on GME stock by blocking buy orders for GME and not blocking sells. But it still happened. The potential for the short squeeze was a mathematical inevitability, and even now the brokerages admit that the price could have climbed into the thousands, had not the price been tanked by the halt of buy orders. But it hasn't happened, and may never happen now. We may see some punishment doled out for this, but we'll never see the money we should have made, which for most retail investors would have been life-changing. The issue therefore is not with the laws, but with the limitations with law itself. Rules against this kind of inequitable market influence and mechanical control over trading are not sufficient to prevent it. The only thing that can truly prevent it is that the conditions for this inequity don't exist in the first place. That is what decentralized finance provides. The cryptocurrency Ravencoin (RVN) is commonly referred to as being to assets (like stock, gold, art, etc.) what Bitcoin is to money. Ravencoin is built such that asset tokens can be created to represent real assets, either in the generic sense (i.e. many identical gold bars) or in the specific sense (i.e. particular works of art within the larger asset of "art"). Such a system can be used to distribute, buy and sell stocks. It could be also be used to distribute dividends, and even potentially handle the options market. Were such a decentralized system in place, no institution or individual would have the power to shut down the activities of other traders or manipulate stock in the way that Robinhood and other brokerages have in the GME fiasco. Regardless of the laws in place, this wouldn't have happened had the stock been represented by Ravencoin assets rather than paper certificates. As the continued democratization of finance grows and more average people enter the markets, the protections that cryptocurrencies and decentralized financial systems offer will be more and more crucial in pushing that forward. I have invested in Ravencoin not only because of the potential profit from that growing movement but also because I like technology and believe in the principles it can be used to uphold, of fairness and liberty. If you got into crypto now you would still be early! Disclosure: This is opinion, not advice. I have positions in both Gamestop and Ravencoin.
BINANCE:RVNUSDLong
by NoWorkOnlyTrade
$GME Gamestop Sideways "C" areaI want to point out the moves in this stock in the past few weeks, in the areas highlighted. If you are someone who believes in the "diamond hands", reddit stuff, and technicals are out the window, move on - this will be a waste of time. Regardless of what may be brewing in the behind, technicals, not always, but often, tells us where the stock MAY be headed. There are no guarantees. But it's better than a guess formed by a bunch of committed users on reddit, with a avg price point of $200 GME. Area A shows the period of indecision, consolidation, heavy activity, call it what you will, before the stock took positive momentum and shot upwards; we can see this in the technicals, with the VI, volume and RSI. Area B show a similar activity, but on the downside movement. Now let's ask ourselves, which of A and B does the current state of the stock, area C more closely represent? I don't see volume, i don't see positive VI, or and RSI that seems to show momentum to the upside. Having said that, can it build a "base" from this point on and the price begins to go higher'? Sure. Should be closely monitored in a shorter period chart, if you're looking at this stock on a daily basis. I've been looking at this stock and trying to block out all the noise and look purely at the technicals and patterns. As far as i can tell, i will wait and see if this momentum is to the upside, even if it means buying it at a higher price. I've seen so many "diamond hands" buying this on the way down, as if something WILL happen for sure. There are zero guarantees in life, except the fact that we are all going to die. Don't die with this stock unless convinced otherwise, folks. Happy trading and for all GME holders, good luck.
NYSE:GME
by grenadetrade
3
GME Back To NormalI wasn't going to get involved, but I'm only seeing naysayers to Gamestop at this absolute steal of a price. I personally had a Gamestop Rewards membership, played Kongregate all the time, and shopped there semi regularly prior to even really knowing about finances. I can't express how much I enjoy gamestop as a company, from a consumer standpoint. From a trader standpoint, I can't help but notice the very natural climb up to where it was just prior to that explosion and how it has steadied out for the most part on the other side. MACD looks to have recovered and RSI is fairly low. I think it's ready to continue that more natural climb. From my estimation, I think $250 is a fair value for this company for a lot of reasons. A lot of people I hear that are holding bought in that range, I think with only 69M shares a 17b market cap is nothing for a mogul like this, the new management is a power team just to name a few. Let alone being broadcast from Congress tomorrow. To the brass tax: 172 @ 50.23 If some kind of crazy thing happens tomorrow or in the next few days I'll take whatever crazy price is offered. I'm looking for 250 as a long term investment, maybe within 1.5-2 years. I've already marked it off as a loss otherwise.
NYSE:GMELong
by LemonKing
GME H&S next target 5$Hello. We all know GME has no future and is an obsolete company that did not make the jump to modernization of the current technological era of Gaming and business. The big rise was credited merely to the manipulation of stocks and triggering the closure of Shorts from the Hedge Funds. But now that it all has settled, the real value is about to return to it's 5$ mark. Looking TA-Wise we have a big Head and Shoulders pattern. Going by that type of trading on log-chart it's bottom is to be found at the 5$ support. Wish you all luck trading! :)
NYSE:GMEShort
by TradingandNews
13
AUDUSD APPROACHING MONTHLY RESISTANCEAs we can see AUDUSD is approaching to a very strong monthly resistance zone . So how to approach this situation? Simply if we can see that price going bearish on 4hr timeframe we can take an short postion . And we can expect to price to fall till Tp1 and Tp2 (consider taking some of the profit on Tp1 and let the rest trades run) . Remember to be reactive not predictive ! Follow me for more updates as I am gonna post daily educational content .
Short
by Bulls_and_bears_academy
$AMD is the future's WorkHorseIf yall have been sleeping on $AMD, please get woke. This chart is showing strength like we saw in 2019/2020 1YR technicals plus fundamentals (beat revenue by 200% Q4) are a sweet slow cookin recipe for YUUGE growth in 2020. Check out this article on why $AMD is better than $INTEL just based on hardware patent. >-------------+++++++++++--------------+++++++++++--------------------+++++++++++++----------------------< Click Here/ Buy $AMD These chips are the reason the $GME squeeze happened, the reason COVID has been managed so well, and the reason games/AI/VR have grown exponentially via Moore's Law.
NASDAQ:AMDLong
by bensnyder777
1