Massive Falling wedge on GME weekly!!!!!!!!!!!!!Just wanted to point out that GME has now reached the end of this massive falling wedge on the WEEKLY. A breakout of this wedge could be absolutely massive to the upside.
Also, the last time the Ultimate RSI was this low, shortly after we seen a 155%, $19 to $50 spike in just 14 days.
With new legislation for reporting short positions and the pressure on the Hedgies to finally close out, this could be the move everyone has been anticipating. Not to mention the massive amount of DRS'd shares we have been seeing.
Grab your fav snack and bev because the extravaganza is about to begin. GLTYA, and happy trading ✌️
Gamestop
$GME - MehHad multiple false positives over the past several months that showed this stock might've done something. This includes the latest false positive showing something happening this week.
imgur.com
Although it appears to be strong, it's still very likely a false positive. I had some money on this but i've exited my calls and gone for puts instead as i see it possible that this thing goes to $10.30 in the next 12 weeks.
As i previously said, i won't be mentioning future GME runs. Only mentioning this one and the last few failed ones since they're done/failed. Too few people interested in this ticker, too many people holding stock and silently overtrading it for it to ever do anything significant at this point imo.
GME | Buy scenario | Wars and suchTLI 1 is based on a recent Swinghigh that served as a strong resistance level aswell as support in the past.
In related ideas i linked to my last GME idea - sadly price didnt fullfill the requirements mentioned to take trade. So lets see if i get this time a trade.
Requirements:
- Price breaks above TLI 1
- Open and close of a candle above S/R Level 1
- Buy on retest of TL 1
Stop- Loss: None (Longterm play)
Target: Next big resistance level
Good luck
Disclaimer:
- This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor.
- You trade entirely at your own risk
- Make your own research
- Finance and trading is evil, capitalism is bad, duh ;)
GameStop: Remains In A Position to Break Bullishly From Its ZoneGME has been getting sold off with the macro for quite some time and it continues to push deeper and deeper into dangerous territory. At this point in time, it has pushed slightly below the 0.382/0.886 Confluence Zone and is now at the 200 SMA, but with that, we can see that the Local Bullish Shark can extend into a 1.618 Extension, so the Breakout watch is far from over on GME though we are getting towards levels where one may leave it alone. I would say that if GME breaks below $11.50, there would be a very distinct chance of it dumping down to $9.5, but if it instead holds above $11.5 and pushes back above $14.00, then we could instead see GME make a rapid move up to $18.00, which would be just high enough to test the supply line of our Channel/Falling Wedge. From there we could possibly break out of it and go for the measured move, but for now, I'd say one would probably want to have a short-term position to take profits on at $18.00 and a separate longer-term position to hold strong until GME gets the big measured move breakout to $74 - $134
$GME - Pretty bad for longsNo fundamentals, no macro, none of that.
My data has been showing for a while that GME would dip even lower than 19 and it did. I didn't expect it to show signals that it wanted to drop even lower...
Basically according to muh data, GME wants to drop EVEN lower than this and it will in my opinion. I think we'll see $15 again and even high $14.80's kind of prices. I don't want to give any lower or higher PT's for the moment until i see a few more data prints.
This is a short term prediction.
Basically within 7 days, we are to see $15.00 average with lows somewhere within the $14.xx's.
In the meanwhile a few segments of the market like AAPL e.g the big stocks are going to go higher and higher. All this whilst GME dips to new 2-3 year lows.
The data:
imgur.com
As you see here, we had a little misfire a week or two ago. Thankfully i caught it in time before it could do me and others any big damage and as you see it did indeed predict a drop which already happened.
Now it's predicting a further drop even lower and mind you it's predicting a low we haven't seen in 3 years.
Reminder
CC's and other shorts should do well on this trade. As a reminder, i'm not going to be notifying anyone here about a GME run anymore. (Or will i? I don't know) I might wanna capture this next one for myself and not let the hordes of CC vultures (Hordes of GME share holders) sell CC's into the high IV and kill any runs.
Also this will be your only notification on the GME drop. I'm not going to be updating this post daily. It's straightforward.
Mind you i'm considering making the run indicator a paid service as to allow people to make money (including myself). Doing so will limit the amount of people who are able to to know the CC sell/buyback and Calls Buying timing to a minimum and will affect these runs minimally.
You make money, i make money, everyone's happy.
Toodaloo fellow transfer agents.
GameStop has been Market Makers Play!Since early 2021, GME has trapped In so many Traders in the hopes for a wild Rally.
TrapZone Pro has marked this SHORT since June of 2021. Fade Every Rally back in the TrapZone has been the Best trade :)
Now it seems to have formed a support area, and It will break hard one day to further lows to Single Digits.
GME GameStop Options Ahead of EarningsAnalyzing the options chain and the chart patterns of GME GameStop prior to the earnings report this week,
I would consider purchasing the 18usd strike price Puts with
an expiration date of 2023-11-17,
for a premium of approximately $2.54.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
GME: Earnings to the moon 🚀 Hey everyone,
It's been a while! Once again, this is not financial or sexual advice.
Earnings
Beat EPS? Yes.
Profitable? Not sure.
Revenue beat? Not sure.
Analysis
If GME hits resistance at 18.70's and rejects, expect some downside
If GME plows through we should see 22's. First, hitting 19.23.
After earnings, a slow walk down to fill the gaps.
Good Luck everyone!
All the best,
Sierrastrades
GameStop: If it can hold above the PCZ, still targets up to $417The GameStop Trade is not over yet, as the Falling Wedge is still in play, the price is still above the PCZ, and it is still trading above the Log scale All Time 38.2% retrace. If we hold here, we can eventually get a rally up to $156.72, and if it wants to go for a symmetrical move, it would go for the full 1.618 Fibonacci extension all the way up to $417.05.
We have PPO Confirmation at the PCZ of the Bullish Shark and the 38.2% retrace, so this would be the perfect spot as ever to begin a big move up, if it was ever going to do it.
$GME - Bottom in 4 days then UPHi all. This is it. Take good not of the events about to occur and the culmination of 3 years worth of research.
---------------
I finally get to show you this thing. Watch closely at the events about to follow and how madly accurate they are (unless ya'll short this into oblivion again):
1) Today/Tomorrow Ryan Cohen will tweet something (Guessing it'll be "Hello" or something about China. But we'll see a tweet.
2) The bottom will be established around this Friday (Monday at most). There is not a lot of time left for the price to drop, so if any price drops are to happen, they have to happen quick.
3) Next week Tuesday onwards (5 September), GME has to begin to moon.
4) Moon ends around the 13'th of September and the usual multi-month decline begins due to everyone selling CC's into a run again.
---------------
========
In short:
0) Today/Tomorrow = Ryan Cohen (CEO) tweets out something.
1) Sept 1 = GME Bottom
2) Sept 4 = Slow uptrend begins
3) Sept 5-6 = BIG utprend begins
4) Sept 5-12 = Uptrend tops out
5) Sept 13 = Utprend dies out
Of course i will be playing this accordingly.
========
Other Notes // Read Me
I suggest following/reading the daily updates on this since this is a critical period. We're about to run soon, but should dump a little more just before it happens.
What absoluitely baffles me about this is the timing of these events and my theory about how my posts are in a way causing these reactions.
- "Oh he said it'll go down, better make it go up then"
- "Oh he said it'll go up, better make it go down then"
Since my data acts as a leading indicator, i will always have a heads up of what is going to happen and enough time to react to changes like the ones above. Again, i truly think the only one out there causing these effects are the hordes of retail investors selling CC's and closing them off at around the same netting times. I think in all this, i act as the "He said the thing, let's react" thus causing said effect.
We're going to find out how true this is with this run. I am 100% sure that we're going to run according to this chart. imgur.com
If somehow the data breaks down again like it did on my last prediction, i'll believe that i'm the cause of these effects, but the data looks extremely strong, too strong to be wrong which is why i'm 100% convinced of a run within the timeframe i mentioned.
Last time i was able to time this perfectly down to the day in March using this new method (Different than all the other failed methods over the last 2-3 years). This will be the second "perfect" prediction for GME.
I'm posting about this on tradingview so that people can see these events happen and play out live perfectly as i've posted about them. My hopes are that if anyone does follow and play this prediction will have made money which is the whole point of trading anything including this damn stock. I'm a proponent of making money, not meming on an internet forum for 2-3 years.
I really hope 8+ hours per day worth of research for the past 2 years at my mid 30's has proven fruitful for something. I'm not even hopeful, i know it's fruitful and i just can't wait for you all to see this too.
Is one Gamestop trend line enough? GameStop - 30d expiry - We look to Buy at 21.71 (stop at 20.21)
Short term momentum is bearish.
Prices expected to stall near trend line support.
Trend line support is located at 21.70. We look to buy dips.
We look for a temporary move higher.
This is currently an actively traded stock.
Our profit targets will be 25.21 and 25.71
Resistance: 24.00 / 25.00 / 26.00
Support: 22.91 / 22.15 / 21.50
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
AMC Shareholders approved combining AMC shares & APE units !Even though I was one of the first to signal you about the AMC potential to become the next GME Gamestop:
Today I want to share with you my Bearish Thesis:
In my opinion, there are factors that suggest AMC Entertainment Holdings (AMC) may experience a decline in share price following the APE (Additional Paid-in Capital) conversion. The approval of combining AMC common shares and APE units by an overwhelming majority of shareholders (87% in favor) indicates a significant increase in the capacity to issue additional common shares (88% in favor).
The increased capacity to issue common shares can potentially lead to dilution of existing shareholders' ownership. As more shares are issued, the existing shares represent a smaller portion of the overall ownership in the company. This dilution, coupled with the potential influx of additional shares in the market, can put downward pressure on the share price.
Furthermore, the approved combination of AMC common shares and APE units may result in increased selling pressure as some shareholders may choose to liquidate their positions. This increased supply of shares in the market can further contribute to downward price movement.
Considering these factors, my price target of $3.80 by fall reflects a bearish sentiment for AMC's stock. It is important to note that the price may even go lower due to the potential dilution and increased selling pressure resulting from the shareholder-approved measures.
Looking forward to read your opinion about it.
GME: Falling Wedge Breakout to All-Time Highs is NearGME recently bounced from the lows on the lower timeframe thanks to a Bullish Gartley and a massive amount of MACD Bullish Divergence and it has since come back down to fill the gap the rise created; now that GME has filled that gap it is going for a second leg up and the RSI is entering the Bullish Control Zone, and soon it will be Bullishly breaking out a macro falling wedge pattern which if it breaks, I think could take it up to the levels of at least $120-$135
Gamestop may rally after a Bullish ConfirmationGameStop has entered an accumulation zone on the daily timeframe, indicating a period of consolidation and potential price reversal. To anticipate a bullish rally, confirmation of a breakout above this zone is necessary. Furthermore, there is a significant daily support level near the current market price, which has been preventing a downward break. Monitoring the price action and waiting for a bullish breakout confirmation will provide more clarity on the potential direction of GameStop's price movement.
GME GameStop Options Ahead of EarningsAnalyzing the options chain of GME GameStop prior to the earnings report this week,
I would consider purchasing the 25usd strike price Calls with
an expiration date of 2023-6-16,
for a premium of approximately $1.83.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
ARPA : LONG TERM TARGET 200%After having to study this coin for the longer term, I found out that the small increase did to an important trend that will happen next Monday about blockchain trend.
out of this all let's make a scenario trend for the long term here below.
the target depending on before price actions and important levels of what the coin can gain.
200% in the long term with a target of 0,10 could be a possibility for this coin.
We will follow this coin long term to see the changes.
It's long terms expecting, but if there is a FOMO trend and hype about the blockchain trends, it could go faster.
Any investment can be very risky, as this is also not trading advice.
Good Entry Point for GameStop? Not Just YetGME STARTED TO TEST NEW LOWS: STRATEGY SHORT
Sue. This Market seems to be volatile and very difficult to trade. Scalping?Trend? Range Trading?.... Well ... I just look for volume areas, where the market is testing the forme false breakouts... The minor short term has just started.
Overall Average Signal calculated from all 13 indicators. Signal Strength is a long-term measurement of the historical strength of the Signal, while Signal Direction is a short-term (3-Day) measurement of the movement of the Signal.
20 Day Moving Average short
20 - 200 Day MACD Oscillator short
50 - 100 Day MACD Oscillator short
Support & Resistance
3rd Resistance Point 22.40
2nd Resistance Point 21.64
1st Resistance Point 21.03
Last Price 20.42
1st Support Level 19.66
2nd Support Level 18.90
3rd Support Level 18.29
Key Turning Points
52-Week High 47.99
37.17 Price Crosses 9-18 Day Moving Average
35.80 Price Crosses 9-40 Day Moving Average
35.54 61.8% Retracement from the 52 Week Low
33.31 Price Crosses 18-40 Day Moving Average
31.70 50% Retracement From 52 Week High/Low
14 Day RSI at 80% 30.32
27.86 38.2% Retracement From 52 Week Low
13-Week High 27.00
14 Day RSI at 70% 24.71
22.62 38.2% Retracement From 13 Week High
22.26 Price Crosses 18 Day Moving Average Stalls
21.47 14-3 Day Raw Stochastic at 80%
21.29 38.2% Retracement From 4 Week High
21.26 50% Retracement From 13 Week High/Low
21.18 3-10 Day MACD Oscillator Stalls
21.04 14-3 Day Raw Stochastic at 70%
20.67 50% Retracement From 4 Week High/Low
20.56 Price Crosses 40 Day Moving Average
20.21 14 Day RSI at 50%
20.19 14-3 Day Raw Stochastic at 50%
20.15 Price Crosses 18 Day Moving Average
20.05 38.2% Retracement From 4 Week Low
19.91 38.2% Retracement From 13 Week Low
Low 19.51 Low
19.34 14-3 Day Raw Stochastic at 30%
19.08 Price Crosses 9 Day Moving Average
19.00 Price Crosses 9 Day Moving Average Stalls
18.91 14-3 Day Raw Stochastic at 20%
17.81 14 Day %k Stochastic Stalls
17.25 Price Crosses 40 Day Moving Average Stalls
16.60 3-10-16 Day MACD Moving Average Stalls