GME
NYSE:GME Coinbase NFT has processed 1% of GameStop NFT’sGameStop Corp. is an American video game, consumer electronics, and gaming merchandise retailer. The company is headquartered in Grapevine, Texas, and is the largest video game retailer worldwide.
GameStop’s new Ethereum-based NFT marketplace has been live in beta for a little less than a week. First two days in beta, moved well over 3,000 ETH. That's minuscule compared to OpenSea, but it beats Coinbase NFT. GameStop is looking to compete against OpenSea, the biggest NFT marketplace, which has generated some $17 billion in transactions this year. The company sees Web3 playing a major role in gaming. GameStop’s CEO, Matt Furlong, says, “We firmly believe that digital assets are core to the future of gaming”
GameStop NFT currently offers only artwork NFTs, but intends to launch a suite of gaming NFTs, which can be used as interactive items within video games. In February, GameStop launched a $100 million token incentive fund with Ethereum layer-2 scaling solution Immutable X to support development of NFT-compatible video games and products. The marketplace website notes that gaming NFTs on Immutable X are “coming soon,” and currently teases 13 NFT-compatible games that will have products available on the platform for purchase.
In the time since GameStop NFT launched on Monday, for example, Coinbase NFT has processed $31,000 in sales: that’s less than 1% of GameStop NFT’s business.
Bearish Pennant Break Out & Wave TheorySPX Forming a bearish pennant that is setting up the market for its final corrective wave within the elliot wave theory cycle.
Best case scenario is 3500 level, worst is near 3200. I think that this final corrective wave will not be a slow and steady decline.
Looking for Primary wave cycle Y to get fulfilled.
$GME regular flat is over (regular flat). Bullish moves incomingI have posted previously my bearish sentiment on gamestop after it completed its five wave impulse move. In my opinion, the correction is over and we saw a regular flat pattern. First impulse move was on thursday and we saw wave two today. So excited for next week!
GME AMC WE have a clear Breakout & Confirtmed ReversalGME AMC
We have a clear Breakout & Confirmed Reversal with both #AMC & #GME Breaking critical resistance lines.
We are now down to 9 days until Dividend split!
#AMC is breaking records daily with showings and GME just launched their NFT Marketplace!
This is Nothing short of EXCITING #MOASS
194 by June 24th 2022I've liked this setup for the past couple weeks and have had an approximate initial target of ~170-180. Something happened last week that gave me enough information to calculate a point target for the end of next week. I believe these next 4 trading days will be the beginning of a monster run to 300+.
My point target for June 24th is 194.12. If it can hold around that level without giving it all back, my target range by end of 2022 (likely by October 2022) is 333-357. This company has shown it can hang in the sky since its ascension back in 2021. That was all just a preview tho to true MOASS. If she gets to 300 chances are she ain't coming back and will achieve levels us apes cant even count to. Wow. Proud of u gamestop. We Believe in U.
Best,
Millie Bobby Brown
P.S. take my word that the stochastic RSI setup on the weekly is as bullish as it gets.
#GME GME 10 day Countdown!!! Stock SplitThis is definitely the biggest event for GME since January of 2021
Now even the haters have to ask themselves how in the hell will the shorts get out of paying dividends on millions of synthetic shares???
Bullish AF
10 days from today July 11, 2022
History will be made!!! Or we will find out exactly how rigged this market is #StayTuned
GME Initiation wave C of a corrective sequenceI believe that GME is in it's third corrective wave after completing wave B this morning. I have been following this cycle for a while now and I think that this is the most probable scenario. GME was teasing the major trendline the last few days and has formed, what Thomas Bulkowski would call, a "three peaks and a spike". According to Bulkowski, the downtrend PT should be around 125$. However, the elliot wave analysis suggests that wave C would end in the purple box. My guess is that $125ish would be a support regionj but the price will continue the downtrend up to the purple box.
GME: Meme stock buy!GameStop -
Short Term - We look to Buy at 121.05 (stop at 106.04)
The trend of higher lows is located at 121.00. This is positive for sentiment and the uptrend has potential to return. Prices expected to stall near trend line support. We look to buy dips. Further upside is expected.
Our profit targets will be 166.95 and 180.00
Resistance: 167.00 / 200.00 / 240.00
Support: 121.00 / 80.00 / 40.00
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Back in the GameGameStop
Short Term
We look to Buy at 118.26 (stop at 110.74)
Preferred trade is to buy on dips. As this corrective sequence continues we look to set longs on a dip at better risk/reward levels. Levels close to the 50% pullback level of 115.39 found buyers. Further upside is expected although we prefer to set longs at our bespoke support levels at 120.00, resulting in improved risk/reward.
Our profit targets will be 147.26 and 180.00
Resistance: 150.00 / 190.00 / 200.00
Support: 120.00 / 90.00 / 77.00
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GME Summer (Daily Candles Analysis)This is my first attempt at making a future prediction using chart analysis. I would love opinions and feedback. I am not a professional, I have only been doing this for a year or so and I have no education in finance.
I think you will see GME continue on its new uptrend through the summer with a huge breakout towards September/October. I think you may see it hit near $111 in the near future. If it fails to bounce off of the $110 range then I would expect it to drop back down to test its main level of support around $80.
If it finishes the other half of the cup and handle, the I would think it would reach $250 before you see a retracement to begin the handle of the cup.
GME looks strong and I am excited.
SPY Wave Theory Update: Impulse Wave CompleteAs my previous post regarding wave theory analysis of SPX, it seems that impulse wave defined by B (White Secondary Cycle) has seemingly reached its peak.
My analysis is inferring a "Double ZigZag" corrective pattern following the end of our primary cycle represented by Yellow path.
Double ZigZags typically retrace anywhere from 0.50 to 0.79 Fib levels in respect to its primary impulse wave upwards.
Highlighted boxes show both BEST and WORST Case scenarios for this pattern to reach its finale, once bottomed, our final corrective wave within the zigzag would be shown as "Y" (Yellow Primary Cycle)
Using solely wave theory to find bottoms and corrective patterns can be difficult which is why I look for confirmation elsewhere, such as declining volume as price rises which we can see has happened in our most recent impulse wave B (White) , as well as RSI topping out in respect to its trendline, further confirming the trend.
Next zones to watch are Fib levels between 0.50 (3500 SPX) , 0.61 (3200 SPX) and 0.79 (2800 SPX).
Refer to my previous post which I included as a related link for further explanation.
GME yet show signs for Double in Price on Long term After Covid-19 Pandemic GME had e bubble no one expected from a single digit Stock to $486 and since then made a long correction down to this current price $145,i expect no further New low for this stock ,below $85 my analyses would be wrong ,which by other means it could be at all ,cuz we always talk from Propability based assessment ,as long as price is showing Upside potential and making Higher highs ,price could double in this Stock and reach at our honest opinion $760 ,it could happen this year ,or the new year to come . For me GME is a stock to keep an eye on ,as we are talking about Risk to reward ratio of minimum 10.to Maximum 21+.Happy Trading and Investing for All Guys .
GME - BK 2023 / Extend / Pretend / DefendLeap Puts a real Value Proposition.
We're adding 102/20s to Jan 19 2024s as this Junk gets shoved back up.
Bankruptcy is dead ahead.
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GME has $42.2m of debt in April 2022, down from $48.1m, one year before.
The balance sheet shows it holds $1.04b in cash, so it actually has US$992.8m net cash.
In reality - $1.13b falling due within a year, and liabilities of $547.9m due in
addition.
All they are left with is to keep the Game afoot, share buybacks to prop until the
June 2023 Debt default as they hold less in Fungibles to prop after Bond Payment
#1 is due, #2, they simply cannot afford it.
Buy a Gold Mine I suppose.
$BOXD Could Pull A $RDBX In the Next Few Days - S/S + CatalystsSales 2021 = $177,000,000
Current MC = $127,000,000
Andrew Pearson Independent Director of $BOXD picked up 36% more shares in the last week.
Insiders own 9% of the Outstanding
Institutions own 39% of the Outstanding
38,700,000 Float
8% of the Float is Short
$BOXD Will also be added to the Russell Index on Monday the last time a stock got added to it, $REV it shot up 500%
Looking for a good move on this one stay tuned.
GME (GameStop) - June 23hello?
Traders, welcome.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(GME 1W chart)
Resistance: 189.82-214.14
Support: 101.74-121.53
If the 121.53-189.82 section moves sideways, it is expected to rise further.
As it rose above 121.53, it is expected to continue the upward trend from a mid- to long-term perspective.
Below 90.37 is the demarcation point between an uptrend and a downtrend in the long term.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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$GME - Not sure about this one, but i'm all in.Hi everyone,
Even though i wrote DD on this June run, it actually happening also caught me off guard as well as OCC lending data and Swap data for GME, XRT, BBBY, AMC didn't show any strong indications of a run this month. What seems to have happened that caused today's pump is XRT Put Selling on Friday which is an event that happens the Friday before a week where a stock like GME/BBBY and etc run up.
I honestly wasn't expecting this Put Selling to amount to much for June and that's why i didn't make a post update about June's run, but here i am in the end...
To be clear, i am not sure what's about to happen. All my data points to nothing, whilst other people's data and DD points to a run and this makes me extremely confused. Because of my confusion, i did what anyone in my position would do and that's to put my entire portfolio on several of the stocks that could runup a lot tomorrow.
The majority of it is on GME. The rest is on BBBY, NIO, RBLX.
This isn't DD nor is it financial advice. I honestly have no idea what's going to happen this cycle. I was expecting nothing out of June, but it seems that there might be something. We'll find out tomorrow. I've marked the total duration of this run IF there will be one. Also i've marked the possible price targets for both tomorrow and next week Tuesday.
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To remind you of the cycle DD, basically every 3'rd Friday of the month (OPEX) that month's options or quarterly options are netted and the net result is pumped into the market the next Tuesday. If Monday is a Holiday, the effect is that that net amount hits the market +1 day later, or in our case tomorrow (Wednesday). Today was basically Friday's Put Selling Fart as i understand it. If there is going to be a run, it's to be seen tomorrow.
If there is a run, i expect the top to be in by Tuesday next week, but regardless, if there is a run, tomorrow will show this. I expect around 12% upside on tomorrow June 22 and a total of around 40% upside by next Tuesday IF there is truly a run here an to be clear, my data shows there isn't but other people's data shows that there is... so... i have no idea what to do. I'm in until tomorrow with everything i have.
Again, this is not investing, this is not DD, and this is not financial advice. Do your thing whatever that is responsibly.
The actual run i've discovered is on August 2 and August 8. Not the days in between, but those specific days. I'll be making DD on reddit about this eventually. It has to do with AMC, GME, BBBY, XRT swaps as well as their OCC lending volume data and how AMC and XRT are being used as hedging collateral in the OCC. Where XRT cannot be used anymore, AMC is used and where AMC cannot be used anymore, XRT is used. For this run, it's AMC's turn to be the hedge which is why i'm not very bullish about things as in the past when AMC was used as the hedge, GME was prevented from running (See March, June 2021).
Again, not DD, NFA. Be careful out there. I'm not too confident about this one (yet i'm all in, go figure).
fintel's top Gamma Squeeze candidateHere's a name most have probably never heard of that has potential for 285% underlying return. THCA (Tuscan Holdings Corp. II) "intends" to merger, share exchange, asset aquisition, stock purchase, recapitalization, reorganization, etc., with business entities in the cannabis industry . It is likely so heavily shorted because from what I can gather, they have really only stated intent and not demonstrated anything material in the Cannabis sector (if I'm wrong correct me, its such an obscure operation really not much on it). But they are active it seems, the 2 main news headlines I can find recently are: "Surf Air Mobility to go public through $1.42B merger w/ Tuscan Holdings Corp II, accelerating rollout of industry leading hybrid electric aircraft...," and "THCA gets non-compliance notice from Nasdaq" --- which is pretty bad@** right?
Take a look at this short data:
Short Interest Ratio: 2.26 Days to Cover
Short Interest % Float: 54.63% - source: NASDAQ (short interest), Capital IQ (float)
Off-Exchange Short Volume: 8,916 shares - source: FINRA (inc. Dark Pool volume)
Off-Exchange Short Volume Ratio: 24.26% - source: FINRA (inc. Dark Pool volume)
Short % inclease/decrease: +28%
Net Call OI % Float: 186.21%
There are 2 catalysts I see that could get this going enough to trigger a hefty squeeze:
1. THCA reports progress on the Surf Air merger, OR they simply announce some new merger(s), etc.
2. They get the kickstart (without doing anything) indirectly in this market environment - I think this is a very dangerous market environment for shorts righ now in general. Everyone who doesn't know elliot wave thinks BTC and S&P and going to crash, there is so much FUD going on its actually hilarious (when in reality wave 5 is about to start for BTC and S&P taking them to new ATH by end of 2022/early 2023... when this begins (soon), heavily shorted names like THCA will take off on a spaceX rocket to the moon. BIg players like TSLA, GME, BYND (oh you're in for a treat, the setup and catalyst are in the bag baby) are already threatening its squeeze-time kicking off as early as next week.
On my chart I listed 3 targets:
- initial target = 11.50 is near-term w/ or w/out a squeeze, just based on the chart and statistics of the price action dynamics
- intermediate target = 16.28 is mid-term even without a squeeze unfolding (just using the proportional increase in successive pops and extrapolating accordingly)
- minimum squeeze target = 20.20 - and that is conservative, based on the short data if it gets going it could pop to 32-40 (it then becomes a fast sell at those levels)
*** This is a high reward/low risk play here because its essentially traded at 10 its whole public history, on average, and I see 10 as support (so risk ~ 38 cents hah)
Not financial advice but I'm playing shares and Nov 18 2022 10.00 calls for ~ 1.00 and looking to sell at ~10.00 when it hits 20.20.
Clear Vision, cloudy eyes.
Regards,
Billy Walters Jr.