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Gamestopstock

Is GME trading in another GIANT Ascending Triangle???It appears as though another Ascending Triangle is forming for GME, notice the series of higher lows at the upward green sloping line of support, it's interesting to see a bounce off of the old resistance of the previous Ascending Triangle in blue, inherently bullish. There's merit for an inverted H&S pattern as well, the green human icon is the head of the pattern. The RSI is displaying higher lows coinciding with the price action, and there's noticeably a bearish divergence that started Jan 25th, 2021. There has been a slight deviation where I've placed the blue sideways pointing finger, but their downward sloping resistance creating a series of lower highs has been pretty accurate, despite the price increase and choppy sideways price movement. The RSI has cooled off a little potentially indicating further upside action.... On the KST it's pretty neutral and I wouldn't be surprised to see a bullish cross next week where I've placed the blue finger.
NYSE:GME
by ScotianBot
GME Looking Lunar?I couldn't help myself, so I did a little TA on GME. It looks like we could consolidate and attempt to breakout of some sort of structure soon. It looks to be forming a descending triangle, which is typically bearish, but my whiskers are telling me there are too many factors and forces involved here for any amount of certainty. The Fib levels give us an idea of a reversal zone on a pullback, and I generally consider the .5 to .618 area the reversal zone. I'll be hiding in the bushes and waiting to see if the top green support zone holds. Here is the 30min chart for a little more detail. This is an unprecedented situation, and I wanted to find as much objective reality as I could. It's what werewolves do. Owhooooo!
NYSE:GME
by Akamer-the-Werewolf
16
Where is Gamestop Going Next?As I have spoke about before this is a blow off top, wave 5, and evening star formation. The price target is $17. Let me define a few things to put it in perspective. 1. Blow off top definition; Blow-off top patterns are common in securities where there is a lot of speculative interest. Prices rise, usually on positive news or on the prospect of good future news, such as future growth or the release of a positive drug trial, for example. As the price rises, more and more people get excited. More people also start to feel they are missing out, and they don't want to miss out anymore, so they buy. The higher the price goes, the number of people lured in to buy increases, and thus the higher the price and volume go. Blow-off top patterns are common in securities where there is a lot of speculative interest. Prices rise, usually on positive news or on the prospect of good future news, such as future growth or the release of a positive drug trial, for example. As the price rises, more and more people get excited. More people also start to feel they are missing out, and they don't want to miss out anymore, so they buy. The higher the price goes, the number of people lured in to buy increases, and thus the higher the price and volume go. 2. Wave five is the final leg in the direction of the dominant trend. The news is almost universally positive and everyone is bullish. Unfortunately, this is when many average investors finally buy in, right before the top. Volume is often lower in wave five than in wave three, and many momentum indicators start to show divergences (prices reach a new high but the indicators do not reach a new peak). At the end of a major bull market, bears may very well be ridiculed. 3. Evening Star; The Evening Star is a bearish, top trend reversal pattern that warns of a potential reversal of an uptrend. It is the opposite of the Morning Star and, like the morning star, consists of three candlesticks, with the middle candlestick being a star. The first candlestick in the evening star must be light in color and must have a relatively large real body. The second candlestick is the star, which is a candlestick with a short real body that does not touch the real body of the preceding candlestick. The gap between the real bodies of the two candlesticks is what makes a doji or a spinning top a star. The star can also form within the upper shadow of the first candlestick. The star is the first indication of weakness as it indicates that the buyers were unable to push the price up to close much higher than the close of the previous period. This weakness is confirmed by the candlestick that follows the star. This candlestick must be a dark candlestick that closes well into the body of the first candlestick. The reliability of the evening star is enhanced if the third candlestick opens below the real body of the star leaving a gap between the real bodies of the star and the third candlestick. This, however, occurs very rarely. Reliability is also enhanced by the extent to which the real body of the third candlestick penetrates the real body of the first candlestick, and if the third candlestick has very little or no lower shadow. Finally, volume should also be considered as the pattern is more reliable if the volume on the first candlestick is lower and the volume on the third candlestick is higher. Sound familiar? If it walks and talks like a duck it's probably a duck. Not shown is multiple similar bubble situations TLRY, SPCE, Bitcoin in 2017, etc. All bubbles burst. My advice is to get out immediately.
NYSE:GMEShort
by adriel.arrasmith
11
🏓Game is ON 🍿So the game is ON, again. The people of 'Occupy Wallstreet', Reddit, Wallstreetbets and evey single one of us 'renegade revolutionaries' (there is one in all of us, including myself and you), against the machine. Time for some music to get inspired before today's new episode of 'Squeeze wars' at the GME GAMESTOP Battleground. Personally: I am just watching this show. Neutral Want to trade it? Sell high, Buy low, gamble between market closing tonight and not knowing where it will open tomorrow. And off course don't risk your savings, play with money you can REALLY afford to lose. Have fun people.🍿 ps. OCCUPY WALLSTREET, I'm all up for THAT! 🦍
NYSE:GME
by FX_Professor
26
Is WallStreetBets Winning the War Against GME Shorts?I’m Markus Heitkoetter and I’ve been an active trader for over 20 years. I often see people who start trading and expect their accounts to explode, based on promises and hype they see in ads and e-mails. They start trading and realize it doesn’t work this way. The purpose of these articles is to show you the trading strategies and tools that I personally use to trade my own account so that you can grow your own account systematically. Real money…real trades. I want to do a follow-up video on GameStop GME , because this stock is just going absolutely bonkers. On January 26th, two days ago, I did a video explaining exactly what’s happening on GME stock. And it looks like the madness for GME stock isn’t stopping just yet. On the 26, the day everything started, the stock closed yesterday up almost 93% at $147.98, and today, it rose as high as $380! I’ve seen crazy things in this market, but a Reddit crowd squeezing shorts to this extent? It’s just crazy. And the WallStreetBets group on Reddit — the one whose purpose is “making money and being amused by it,” their words, not mine — is growing by leaps and bounds. Tuesday, it had 2.3 million users, but looking at it yesterday, there were 3.2 million users! Even Elon Musk is chiming in: Musk, who has clashed with Tesla shorts in the past, tweeted a link to the Reddit thread, saying “Gamestonk!” This has caused such crazy trading volume that a bunch of online brokers crashed yesterday. TD Ameritrade is actually restricting trading on GME and AMC stocks because of this insane volume! They said they’re doing this out of an “abundance of caution amid unprecedented market conditions and other factors.” It will be interesting to see if other online brokers do the same. It seems like the Reddit crowd may have won the battle. I saw lots of headlines today that GameStop’s biggest shorts — Melvin Capital and Citron — said they covered most or all of their positions. And yes, that’s what they said… but did they? It will be interesting to see when short interest data is updated at the end of the month whether this is true or not. Other Stocks To Look At This Reddit crowd is targeting some other highly shorted stocks, too, so I want to take a quick look at their charts. First up is AMC . On Tuesday, the 26th, they closed at $4.96, and hit a high of $20.36 earlier. Yesterday they were up 229% at $16.27. Next is Bed Bath & Beyond BBBY . It traded as high as $53.90 yesterday — its highest level since 2015! Right now, BBBY closed up 24% at $45.79. And finally, there’s BlackBerry BB . BB hit a nine-year high of $23.94 yesterday, and was last seen up 23.4% at $23.31. Summary Now, I’m personally not trading any of these stocks, it’s too risky, but I’m certainly watching! And before we go, I want to make a correction. In my previous article on GameStop, I mentioned that this was a similar situation to Kodak’s KODK volatility last summer. That was not the case. Kodak moved because it was awarded a government contract to make generic drug ingredients. The deal was later halted pending an investigation. You guys were right, and I was wrong. Thank you for correcting me.
NYSE:GME
by rockwelltrading
21
GameStop $440 in premarket GameStop GME, the video-game retailer that is closing shops because of Covid and became famous now with it's association with the Reddit message board-fueled retail attack on institutional short sellers has just touched $440 in premarket trade. The loss-making retailer was priced at around $19 heading a few weeks ago and $60 last week before storming higher. GameStop has become the poster child for the 2021 stock market and its incredible volatility and speculation. The stock has gained 1,700% in January, causing pain to short-sellers. A trade like none we have seen before. The huge moves in GameStop (GME) stock have been, very clearly, the result of a short squeeze. A squeeze is a phenomenon that can occur after big gains happen in a stock that, in turn, cause mounting losses for short sellers who are forced to cover their positions. Even Investopedia had to rewrite their short squeeze articles. WHAT'S NEXT? People hunting for the next Short-squeezes will be a new hobby to many. Especially young traders, normally those who are currently on Instgram and Telegram groups about cryptos. What I would also expect is the SEC coming out with some new circulars. ps. I heard about this on Youtube but for sure there will be a film about all this in a few years. Title ' The Big Squeeze' 🙈
NYSE:GME
by FX_Professor
5
$GME gamestop rallyHere are some of the stocks getting pumped right now. Enter at your own risk because this is super super risky. $GME, $BB, $BBBY, $AMC, $PLTR, $NOK, $NAKD $GME gamestop has been getting pump for a long time now. Individual investors — particularly on the Reddit chat forum “WallStreetBets” — began buying GameStop shares and encouraging others to do so. GameStop's shares are now up nearly 1,700% so far in 2021 -- and it's still January. An epic short squeeze is believed to be fueling the rally -- one led by an army of individual traders that are using social media sites like Reddit and Twitter to coordinate their strikes against short-sellers. By buying heavily shorted stocks en masse, these bear slayers are driving up their price. Short-sellers, in turn, are suffering staggering losses. To stem the bleeding, many short-sellers including multibillion-dollar hedge fund Melvin Capital have been forced to exit their positions. This requires that they buy back the stock they sold short, which has likely helped to drive GameStop's price even higher.
NYSE:GMELong
by Trader_hao
Gamestop: Is It an Act of Pump & Dump ❓The Game Stop share has been in a rally since mid of January. The last two days this stock rallied from 79.30 $ to 355 $ / share, this means an increased in value by 4.5 times or 348 %. Many analysts and investors they are insisting that there is an act of " Pump & Dump " which is illegal, and if anyone is found guilty of that will end up in Jail. One of the main drive of this hype is the social media communities such as " WallstreetBets ", and " Reddit " where traders are promoting this stock to pump it. As we know in " Pump & Dump " scheme , a group of traders make a huge amount of profits in a short period of time by holding a micro or small cap stock and try to pump it by convincing other traders to buy it, and once the buyers come in, they dump their shares and cause a huge drop in the share price. Now everyone is talking about this share, and curious of what will happen next. Currently, at this price level there is no much historical data to predict what's next. All we need to rely on to predict what's the next price might be, is to use the round numbers in case the price continued the upward movement. Let's see when this fiesta will end and if there will be any bloodbath after the rally ... ❓ ------------------------------------------------------------------------------------- Please press “Like” if you appreciate the trading idea 👍 “Follow” for more trading ideas in the future 👀 “Comment” below to share your thoughts with us and other traders 👥 ------------------------------------------------------------------------------------- Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️
NYSE:GME
by CollegeofPips
14
AMC -this is the next GME this weekAMC released incredible earnings! and the stock si being played by short-sellers with a short interest of almost 39M. WSB with the retail investors army is going to go big on this stock today and its already up 50% pre-market! we estimate that if this stock will get 15% traction of what GME got in the last few days, AMC will reach the second level of resistance at 15$. We are bullish on the stock regardless to the short interest and we are taking it high today !! The point of control on the volume is on 6$. Volume on the stock in average 3m: 53M current volume: Apx 160M trade safe ! Be safe
NYSE:AMCLong
by FDGT_academy
3
GameStop (GME) doesn’t want to stop ! where is the next target?So the stock went PARABOLIC in the last weeks – starting with full ignition on the 13th of January. Stock needed to correct down which shows the motive wave is healthy and it is less likely to tumble down as we got a correction almost to the 50% line, so let's break it into targets : 1. Finish retracement at 31.50$ -the lowest we want to see the stock goes, below that means we broke to the 38 line – the red square in the chart. IF we get to the 38% line that means the motive wave is NOT an impulse wave ( strongest wave) and that the stock price can fall even further. 2. After accumulation has accord between 31.5$ to 35$, the stock needs to continue to the third stage of the motive wave and go up above the previous highest high breaking the 43$ price target. There we will see some correction happening and accumulation again – if it’s a healthy trend, and we will aim for the next target. 3. This target is a bit presumptuous but if our last target gets hit we are looking at big gains on Gamestop – the target is above 50 towards the 52$ mark. If the stock reaches this target we believe this will be a great exit point, as the price will need to correct a minimum of 30% down and we do not want to be there for that correction. Please keep in mind we analyze the market according to Eliot wave theory along with market cycle on something we call ‘Market Cycle Based Analysis’ which can be a bit aggressive at times but in this bullish market, we believe this analysis is more valid than ever! Be safe and trade safe!
NYSE:GMELong
by FDGT_academy
3