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GME

Gamestop to breakdown from a descending triangle.GameStop - Intraday - We look to Sell a break of 23.28 (stop at 24.72) Daily signals are bearish. Price continues to trade within the triangle formation. The bias is to break to the downside. Support is located at 19.50 and should stem dips to this area. Our outlook is bearish. Our profit targets will be 19.66 and 18.66 Resistance: 27.00 / 28.00 / 30.00 Support: 24.00 / 23.50 / 22.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:GMEShort
by Saxo
1
GME moment of truth -- will the Algo break the trendline??GME algo is in full control, as you can see from the two upward blue channels that follow with a sharp drop. The good news is that the upward orange trendline has held on 3 separate occasions now -- Feb '21, May '22, and Sep '22. This signifies that while the algo remains mostly in control, the lows aren't as low as they could be because DRS diamond hands are holding the line. The moment of truth will come within the next couple weeks, as the algo goes for the "mega drop", similar to what we saw in January when we went from $40 to $20. If we're lucky, we will mimic the movement of April '20 before the sneeze, where the price temporarily dropped below the trendline and back into it, igniting the squeeze in just a few months. So I'd expect a quick drop below the channel to the $15-20 range and back into it shortly thereafter. If this happens, MOASS is most definitely imminent within the next 3 months. However, if it doesn't bounce back into the channel, MOASS would be delayed and a new trend would most likely take shape over the next 6 months or so before we can make any real judgement. At that point, we'd be totally dependent on DRS numbers sucking out liquidity before we saw anything really reminiscent of MOASS.
NYSE:GMELong
by bouncytrades
3
$GME - Maybe somethingHi all, Don't get your hopes high, as of a couple of weeks now GME, XRT and those other basket stocks have been seeing a few swaps with a higher than usual cost. Typically when this happens it means something's going to happen within 5-15 days at least according to me. For example when we were dropping down like a brick to 24, there were no swaps above $1 mil, suddenly since a bit over a week now swaps are picking up a bit with some >$1m swaps indicating a small buildup of something. The amount of $ spend on swaps is not anywhere close to what happened with other runs which might indicate that we're in for a tiny run. It's a bit unusual for GME to see larger or equal amounts of $ spent on swaps than what is spent on AMC. Again, the amounts aren't insane compared to other runs, but are still indicative of a bump incoming. Please note that random Powel announcements, CPI bs or random intentional scares can always happen and will always be the perfect excuse to just ram the market into the ground on the market's most bullish days and especially Meme Stock run days. I think the current price action and what's to come is mostly retail (thetagang) dipping their feet in now that they know the quarterly playbook and know when to sell and not sell puts. Another part of it is hopefully last month's settlement being deferred somehow to September like what happened with February 2022 where a tiny run happened but most was deferred to March, that or settlement ocurred during the mega dip of August. Anyway, i think this is mostly thetagang's doing as i've seen them tell each other to wait before selling calls or puts etc which indicates they now understand the playbook and might be affecting everything. All in all, Sept looks weak for a run. If there is one, i think it'll be weak-ish like $31.4 kind of weak. March seemed weak too and then it blew up, so you never know. Keep that in mind. I don't think anyone expected March to happen and that's why everyone was caught off guard and the price managed to run that high. Will be interesting to see what September does. Here's some swaps from the past ~5 days ish that are slightly unusual. -GME $27.62532679 QTY:100,000 Cost:3,000,000, Trade:NEW-Amendment Expiry:2026-11-13 PreviousExecutionDate:2021-11-10 ID:430119421 -GME $27.62532679 QTY:100,000 Cost:3,000,000, Trade:NEW-Amendment Expiry:2026-11-13 PreviousExecutionDate:2021-11-10 ID:428544542 -XRT $67.34842157 QTY:280,000 Cost:19,000,000, Trade:NEW-Amendment Expiry:2032-06-04 PreviousExecutionDate:2022-06-02 ID:428543151 -XRT $100 QTY:30,000 Cost:2,000,000, Trade:NEW-Termination Expiry: PreviousExecutionDate:2021-01-04 ID:428420120 -GME $36.83376914 QTY:120,000 Cost:4,000,000, Trade:NEW-Amendment Expiry:2026-11-13 PreviousExecutionDate:2021-11-10 ID:427892329 -GME $43.86061112 QTY:51,000 Cost:2,000,000, Trade:NEW-Amendment Expiry:2023-01-25 PreviousExecutionDate:2021-12-21 ID:427891743 -GME $19.97363499 QTY:35,000 Cost:1,000,000, Trade:NEW-Termination Expiry:2026-05-28 PreviousExecutionDate:2021-06-01 ID:427790074 -GME $29.69945297 QTY:79,000 Cost:2,000,000, Trade:NEW-Increase Expiry:2023-10-09 PreviousExecutionDate:2022-06-22 ID:426806358 -AMC $15.00000004 QTY:180,000 Cost:3,000,000, Trade:NEW-Trade Expiry:2023-09-07 PreviousExecutionDate:2022-09-07 ID:426517030 -AMC $15.00000004 QTY:180,000 Cost:3,000,000, Trade:CANCEL-Trade Expiry:2023-09-07 PreviousExecutionDate:2022-09-07 ID:426517781 -XHB $999,999,999,999,999.99999 QTY:1,400 Cost:87,000, Trade:NEW-Termination Expiry:2029-07-17 PreviousExecutionDate:2021-11-17 ID:428511808 I only track XHB because it has a strong relationship to XRT and this monstrosity appeared. Hopefully a clerical error. Anyway if there will be a tiny price bump, it may occur on Wednesday-Thursday next week which is almost exactly 15 days from when some pretty large swaps were filed for KO and BRK.B (The "indicator" stocks) Really, the larger than normal swaps started being filed starting on the 2'nd of Sept up to the 7'th. So the +15 days window from there starts on the 14'th of Sept to the 23'rd ish for a run. -KO-COLA $62.00322181 QTY:3,000,000 Cost:170,000,000, Trade:CANCEL-Trade Expiry: PreviousExecutionDate:2022-09-08 ID:426490917 -BRK-B $249,999,999.49352237 QTY:5+ Cost:250,000,000+, Trade:CORRECT-Trade Expiry:2023-07-10 PreviousExecutionDate:2022-09-06 ID:424583559 -BRK-B $249,999,999.85039584 QTY:5+ Cost:250,000,000+, Trade:CORRECT-Trade Expiry:2023-07-10 PreviousExecutionDate:2022-09-06 ID:424584248 -BRK-B $250,000,001.20846061 QTY:5+ Cost:250,000,000+, Trade:CORRECT-Trade Expiry:2023-07-10 PreviousExecutionDate:2022-09-06 ID:424622634 -XRT $66.44628649 QTY:64,000 Cost:4,000,000, Trade:NEW-Increase Expiry:2023-03-02 PreviousExecutionDate:2022-08-16 ID:424624284 -XHB $62.95258534 QTY:95,000 Cost:6,000,000, Trade:NEW-Partialtermination Expiry:2023-01-04 PreviousExecutionDate:2022-08-26 ID:424578934 -XRT $66.66666691 QTY:130,000 Cost:8,000,000, Trade:NEW-Trade Expiry:2023-01-04 PreviousExecutionDate:2022-09-06 ID:424579433 -KO-COLA $45.75033764 QTY:5+ Cost:250,000,000+, Trade:CORRECT-Trade Expiry:2022-10-26 PreviousExecutionDate:2022-07-26 ID:422184202 I'm too poor to play this, but by all means feel free to keep an eye out for it. Not gonna mention the next more significant run date as i don't want thetagang and others to pick up on it, a man needs money... None of this is financial advice, i'm not a financial advisor.
NYSE:GMELong
by leenixusu
21
Revisiting my prior theory on creation of GME FTDs through TTTHello everyone, Chem here.. Earlier this year along with the help of copious amounts of information on Reddit. I discovered that it is super blatant that TTT (ProShares Ultra Pro Short), seemingly spikes strongly into GameStop run ups. Overlaying the charts has allowed me to view and observe perfect symmetry between the two. My theory and ideals on this entire topic stands. If you wish to read my extremely detailed ideas and rant topics then feel free to somewhat educate yourself. Kenny G, ain't no stoppin' me. Cant stop. Wont stop. GameStop. Just sold my car for more shares, I bike to my chemical warehouse job where I work 80 hours a week at. I'Il inhale cancerous products 24/7 just to fuel GME fractional amounts if it means cell one day. You give me power Kenny G. Thanks you Check out my other great topics about this same idea. GME to the moon Not financial advice. Also I'm 100% on my calls so far, in terms of success, if that means anything to you analytical people. Further explanation in comments.
NYSE:GMELong
by Trexarch
9
Revisiting my theory on GME FTDs creation through TTTHello everyone, Chem here.. Earlier this year along with the help of copious amounts of information on Reddit. I discovered that it is super blatant that TTT (ProShares Ultra Pro Short), seemingly spikes strongly into GameStop run ups. Overlaying the charts has allowed me to view and observe perfect symmetry between the two. My theory and ideals on this entire topic stands. If you wish to read my extremely detailed ideas and rant topics then feel free to somewhat educate yourself. Kenny G, ain’t no stoppin’ me. Cant stop. Wont stop. GameStop. Just sold my car for more shares, I bike to my chemical warehouse job where I work 80 hours a week at. I’ll inhale cancerous products 24/7 just to fuel GME fractional amounts if it means cell one day. You give me power Kenny G. Thanks you Check out my other great topics about this same idea. GME to the moon Not financial advice. Also I’m 100% on my calls so far, in terms of success, if that means anything to you analytical people.
AMEX:TTTLong
by Trexarch
GME Potential for Bullish Continuation| 19th September 2022On H4, with the price breaking the descending trendline and Stoch is rising from the support, we have a bullish bias that the price may rise from the buy entry at 29.19, which is in line with the 23.6% fibonacci retracement to the take profit at 31.98, where the overlap resistance and 38.2% fibonacci retracement is. Alternatively, the price may drop to the stop loss at 26.91, where the 50% fibonacci retracement is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NYSE:GMELong
by Rockqet
4
GME: RSI Update, Dip Before the RipGood morning, Last time we fell below the 30 mark on the RSI we saw a 90%+ move up and the other two times it fell to this level we saw 50-100%+ move up as well. I'm factoring in a 60%+ move up as this is like a spring that has been compressed and is ready to explode. I also overlayed November 2021 cycle and it looks like we're following that perfectly. Downside PT: 22.12 / 21.87 (support) Upside PT: Fill the gap at 27, 37 and 40. As always, NOT financial or sexual advice. Good luck!
NYSE:GMELong
by SierrasTrades
4
GME failed to inspire, but could be a technical bounce ahead...As the title suggests, GME earnings failed to inspire the response that so many wanted and hoped for, nearly all afterhours gained came ad went through he course of the day with a decent finish. However this was always going to happen, in my view, as it went into that earnings call with a very low RSI and multiple time frames looking vastly oversold. What i´m looking for here is a continuation of the technical recovery , especially on the 4hr chart as it looks to me the ichimoko cloud want to turn positive and start somewhat of a run again. The resistance levels will start at $30 psychological level then proceed up towards the channel it rudely fell out of to test whether it can settle within that area again, around the $40 area, it could be rejected and drop down to find lower support or divine intervention may join its cause and break into there, leading to an eventual retest of the $50 area.
NYSE:GMELong
by Diamondhandstoday
GME Earnings run up^^^Daily Triangle Play here. If close above 32.11 I'd look long. If break 30.38 or even daily close below 30.65 I'm looking short. The play will likely develop prior to earnings 7Sep22. Will trim most of the position before end of day 7th. May leave some runners for after earnings only if I'm green on the play. This could run hard either direction. I'll set stops at the apposing number from listed above. If it gaps out of the listed range I'm likely OUT.
NYSE:GME
by Beagle_Trades
1
GME is still going to the moonI am not an experienced trader nor an expert. So .... if someone can change my mind with a solid argument i am happy to change my mind. The price is wrong. If prices in a market are determined by supply and demand, and there are less and less shares of Gamestop available in the market (because of Direct registration and normal buys) Then how does a share price drop? On broker capital.com the buy to sell ratio of GME is 90%, meaning that 90% of the trades are buy trades On broker fidelity the ratio is 86% More people are drs-ing their shares, so that combined should push the price up, its very simple. Those ratio's have been so for months now. Todat after earnings we will see how many more shares are drs-ed. It should make you think..... smth is wrong, and its the price. The manipulation will be clear and resolved, nobody is selling, in fact we are buying.
NYSE:GMELong
by martexx
9
After we beat the Red line it's BBIG Party TimeWill resolve in less than a week. But this is an established down trending line in a wedge for BBIG. When we break the red line we are going up and we're going to break the red line very soon. Also there is an insane amount of FTD's next week. Their time is up. stocksera.pythonanywhere.com Also shares are coming out in the form of a dividend very soon to form a new company called TYDE where people will have to buy in no later than Dec 12th to be shareholders of record for the 15th. Full disclosure - I am long on this stock, and really believe there is a real opportunity next week for GAMMA
BLong
by jpactor
7
KMPH The Next GME Sleeping Giant?I brought up this idea on WSBN discord about a week ago and I think it's starting to line up. Just as GME was a heavily shorted stock so has been KMPH with a 71% short interest as of yesterday. The company has a major catalyst with an FDA approved ADHD drug that is better than anything else out there on the market. Having ADHD I have been very interested in this company. When I spoke about this on WSBN on discord, before I was suddenly banned, there was a volume spike two minutes after. Since then some major twitter hedge fund guys have taken my idea and I wanted to get it out here. With most of the shorting around 10.50 a share and such a big amount of the float available to short already shorted, if the stock stays above 11.00 this week you could see shorts starting to cover. Also compared to GME, KMPH has a significantly smaller float so it could really rip in the pre or post markets without a circuit breaker kicking in it could see 60.00 a share in a GME squeeze like scenario. Also at this price KMPH could be a take out target as the last ADHD drug company that got FDA approval was swallowed up by Johnson&Johnson. The company missed earnings, but they have the new ADHD drug, have zero debt, and have analysts rerating them to the upside. Full disclosure I'm Long 1500 shares and I intend to ride this company to 100.00 per share or more.
KLong
by jpactor
1
GME, KOSS, AMC, Silver, Pot Stocks, and now KMPH is a loaded canI'm very bullish on this and long in the position. The Reddit WSB are starting to get behind it and I'm seeing more buying on the tape in large volume than selling. Shorts are in a bad place. Could see 20.00, 60.00, 90.00, or 120.00 conservatively due to very small float compared to the floats of GME or AMC. Full disclosure I'm am long this stock and have been since I found the 71% short on a company with no debt and an FDA approved ADHD drug.
KLong
by jpactor
1
GEO: Shorts are showing weaknessLast weak Tuesday GEO was shorted, 8/22, then bounced back up on Thursday 8/25 the day before the need to cover positions, Friday. What appears to be happening is shorts opening new shorts early into the weak on Tuesday and then covering their old shorts on Thursday which results in the price raise. The issue with that is the fact that we are closing at higher price levels, and especially, where I place an arrow, we are going into Friday with way more momentum (as you can see from the MACD indicator) which tells me shorts are losing control on holding this stock down. There are more shares shorted than in free float. That indicates a squeeze. Days to cover increased from 9 to 9.5 which also indicates that shorts have only exposed themselves even more than actually covering and eating the small loss, now they will eat a HUGE loss for being greedy and stubborn. Institutional shorts are the dumbest beings I have ever seen. According to Barrons.com, on 8/15, which would underestimate the short exposure being these shorts have no brain and think shorting more will fix their problem. Short Interest 18.6M (08/15/22) Percent of Float 15.82% Shares Outstanding 124.09Million Float 116.51M 124.04-116.51 = 7.53 Million shares at a minimum created for the purpose solely created to dilute share prices. If the short interest is 15.82% of the float, this means 18.431882 Million (Barrons 18.6M) shares are shorted and these positions need to be covered. If shorts were to cover their entire position, they couldn't without a MAJOR spike in price levels, as even if they chose to cover, not only would price levels increase due to demand, but also SUPPLY of shares would be reduced, those 7.53 million extra shares would be gone, individually making every share that much more "rare" and additionally due to current price levels, a huge influx of forced buying will occur at these high prices. Minimum price target 16-18 THIS IS A FUNDAMENTAL PLAY. INTEREST RATES HAVE GONE UP. GEO GROUP HAS RESTRUCTURED ITS DEBT, CHEAP DEBT FROM PREVIOUS LOW-INTEREST RATE YEARS, AND SPREAD IT OUT OVER THE LONG RUN TO BETTER MATCH ITS NET INCOME CASH FLOW. IT IS BECOMING INCREASINGLY MORE EXPENSIVE TO SHORT (borrow naked) DUE TO THE INTEREST RATE SPIKE AND WE ARE IN FOR A SQUEEEEEEEZE. THIS COMPANY HOLDS PUBLIC CONTRACTS FROM THE GOV FOR HANDLING HIGH-LEVEL SECURITY FACILITIES, UNLIKE AMC WHICH HAS ACTUAL FUNDAMENTAL LONG-TERM VALUE, I WAS IN AMC AT 3$ AND SOLD AT 22 BECAUSE COME ON ITS A MOVIE THEATER COMPANY WITH ZERO FUNDAMENTALS, I JUST IMAGINE WHAT THIS COULD DO HONESTLY.
NYSE:GEOShort
by kibakilla33
GME Potential for Bearish Continuation| 1st Sept 2022On H4, with the price moving below the ichimoku cloud, we have a bearish bias that the price may drop from the sell entry at 28.47, where the swing lows anmd 78.6% fibonacci retracement are to the take profit at 22.29, where the swing low is. Alternatively, the price may rise to the stop loss at 32.51, where the overlap resistance and 23.6% fibonacci retracement are. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NYSE:GMEShort
by Rockqet
Game Stop Buy to ShortWeekly- Range From 2021 to present consistent creation of lower highs between prices, 120.75-87.13, 67.20-64.50, and 41.25-49.85. Since the beginning of the year price has fail to break support at 19.40-24.50. In short price has failed to create new highs and lower lows, game stop is consolidated. Thesis- Potential for sell break out due to flat support and lower highs on the weekly. Consecutive lower highs provide strength to break the flat support. Daily- From May 2022 to Aug 2022 price correction provided buy opportunities to previous weekly highs between 41.25-49.85, clearing weekly liquidity, adding new life to the sell. Current price 30.71 is an area of structure and daily buy liquidity. would like to price go bull to 40.40 before continuing to go bearish. This will create another lower high on the daily, to add strength to the overall sell breakout on the weekly. Areas of Interest: Short - 40.40 to 45.53, 34.30-35.90,30.71, 25.60-26.86, 21.68-23.20 Long- 30.71, 25.60-26.86, 21.68-23.20 Confirmations: solid candle closure, preferably 8and daily candle closes within zone.
NYSE:GME
by THEFOREXDR
1
AMC Flat Bottom Triangle PatternNYSE:AMC AMC since the parabolic move May- June 2021 has been in a flat bottom triangle pattern with "touches" on both the support trendline and the upper resistance trendline. In the past several trading days, with the volatility of the APE special class dividend stock, AMC has gone up to the upper line and now is now again at the $10 range. The MACD and Relative Strength are weak. This is consistent with buying weakness and low then selling above that. While waiting for a true breakout of the triangle, I see a long swing setup as buying the bottom at $10 and observing for a rise to the upper trendline with a target of $19. I will set a stop loss below the triangle at $9.50 This would offer a reward on risk of 19X. I well realize that market catalysts can trump the pattern anytime and assume that risk. Go Apes !
NYSE:AMCLong
by AwesomeAvani
2