Could it be... GMEEarnings next week. Kitty head master tweeted.
Let's see what happens. Looks nice on the weekly but who knows if it has another move in it. Keeping an eye on volume.
If anything GME could see one last major move higher but that's based purely on gut feel and chart setup right now.
Could also dump, but $20 seems to be pretty sound support. The break of the major downtrend is pretty bullish after years of downwards chop.
GME/CHWY ratio. GME looks to be near the bottom of range could see another top towards high of range.
GME
PHM UPDATED CHART - What's NEXT?What's next?
I'm not certain, but it looks like price can hold this key zone and use the rejection trends to bounce upwards to the 184 target (which is adjusted upward from 170).
RSI on the weekly is somewhat gapped, but bullish.
RSI on the daily is bullish.
RSI on the 4, 2 and 1 are near bottoms, so it's not a bad guess to say, maybe with all these indicators resetting and as we are nearing a strong support trend and strong horizontal support line, we might see a bounce.
good luck phm dudes.
also, bbbyq, gme and a whole bunch of other fun coming up.
Bull Flag On The DailyWell well well, this looks familiar. I wonder where I seen this before? Beautiful Bull Flag on GME daily. Once we fill the bottom of this wedge around the $20 mark, its go time back to $30. If we break $30, this could head straight back to $60... Once again, get your tickets, because this is a show you're not going to want to miss.
$GME - Small Update"PLEASE READ"
Seems that the last little indication of something happening didn't actually quite pan out according to my data. There's very little chance of something occuring this and next week although the possibility exists.
I see from a different dataset that i have that it's more likely that we may see something around the 5'th of August or 28'th. It's WAY too early to say anything for sure, these are just very very very early indications of something occuring. My data may flip negative way before we even reach these dates.
Obviously i will let you know before those dates wether my data still looks positive or if it's flipped negative. The above chart will be invalidated if it flips negative, so please keep an eye out on UPDATES to my post as these are more important than the graph i've drawn.
I have a lot of data but nothing publically digestible/understandable yet which is why i'm not sharing anything here today. It would take too long to explain the charts/data that i have and very few people would understand, instead i'm letting you know verbally what's happening so you don't have to worry about the analysis part.
LRC, LOOPRING, HOW MANY LOOPRINGS DO YOU THINK SONIC COULD EAT?Something is going on with this coin on the technical side.
There is literally no downside target that I can see right now, so I just labeled in MASSIVE SUPPORT TREND.
It looks like it is really close to making a move to the upside.
Somewhere around .8
Then it will likely hit some resistance there, but has a lot of potential to keep building support and climbing.
This coin looks incredibly bullish right now.
Things can change fast and if they do it will likely be a break of this trend (green).
The run up can take it to .45 and maybe a little higher, but the buy the dip price looks to be around .245. which would then take price higher to over 1 and beyond.
I'm gonna go with 3684 looprings for sonic.
What even is a loopring?
I'll attach more crypto TA to this idea.
oh and don't follow the guideline, pay more attention to the trends and price zones.
$SPY $537 Fair Value Gap fill incoming imoFVG sits below at $541.61-$536.89 ..... Current 6 count could prove bearish into the 7th count on 10D chart. Very interesting chart showing what would essentially be a Bearish Harami off this Inside Doji. The 10D candle starts tomorrow 7/23 and ends 8/7 so basicaally accumlate as many puts as possible between then and now. If we move above the Open on the Doji at $554.54, then we can start talking about bullish behavoir. For now though, the gap above at $566.7 was rejected and I will be looking for a downside move from here to $540 as previously noted in a recent session. Chao.
GameStop ($GME) Technical Analysis: A Harmonious Bullish Journey### GameStop ( NYSE:GME ) Technical Analysis: A Harmonious Bullish Journey
#### Current Financial Data
As of the latest market close, GameStop Corp. (NYSE: GME) is trading at $24.43 , reflecting a change of 1.75% from the previous trading session. The stock has a market capitalization of $8.58 billion, with a 52-week range of $9.95 to $64.83. The average 5 day trading volume stands at 12,258,820 shares.
#### Long-Term Harmonic Bat Pattern
Since reaching an all-time high (ATH) on May 14, GameStop's stock has been slowly carving out a harmonic bat pattern on larger timeframes. This pattern, known for its predictive power, suggests a potential bullish reversal. The bat pattern is characterized by its specific Fibonacci retracement levels, which GME has been respecting, indicating a well-structured technical setup.
#### Falling Wedge Formation
Around July 1, a falling wedge formation was observed, typically a bullish continuation pattern. This formation indicated a consolidation phase within a broader uptrend, providing a precursor to a potential breakout. True to form, GME began to show signs of upward movement following this pattern, marking the beginning of a new bullish phase.
#### Price Movement and Momentum
Post- July 1 , GME saw a price retraction to the $23.37 mark. This pullback was instrumental in building bullish momentum as traders accumulated positions, anticipating the next leg of the harmonic pattern. The slow price retraction allowed for the formation of a solid support base, critical for the upcoming bullish journey.
#### Resistance and Targets
Currently, GME is approaching a significant resistance level at $31.69. Breaking through this level is crucial for further bullish progression. Upon successfully overcoming this resistance, the first target stands at $37.78 . This target is strategically placed just before another anticipated retraction around the $32 mark, providing a healthy correction and consolidation phase before the next bullish surge.
The second target is set at $53.44 . Achieving this target would mark a significant milestone in GME's bullish journey, completing the second leg of the harmonic bat pattern. This level aligns with the 161.8% Fibonacci extension from the initial price move, reinforcing its technical significance.
#### Technical Indicators
Several technical indicators support the bullish outlook for GME:
.**Relative Strength Index (RSI)**: The RSI is currently trending upwards, suggesting increasing buying pressure.
**Moving Averages (MA)**: The 50-day MA is poised to cross above the 200-day MA, forming a 'Golden Cross', typically a bullish signal.
**Volume**: Trading volume has been increasing, confirming the bullish momentum as more traders participate in the rally.
#### Conclusion
GameStop ( NYSE:GME ) is currently in a technically significant phase, with multiple bullish indicators aligning to suggest further upward potential. The formation of a harmonic bat pattern, coupled with the recent falling wedge breakout and subsequent price movements, sets the stage for a bullish continuation. Traders should watch the key resistance level at $31.69 closely, as breaking this would open the path towards the first target at $37.78 and potentially the second target at $53.44.
As always, while the technical indicators provide a strong case for a bullish outlook, traders should remain vigilant of market conditions and news that could impact the stock's performance. Happy trading!
---
*Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research and consult with a professional financial advisor before making any investment decisions.*
$GME the new hedge?I've analyzed the GameStop stock NYSE:GME and S&P 500 AMEX:SPY data from 2018 to 2022 to identify instances where GameStop's stock price rose significantly while the S&P 500 fell.
**Event 1:** January 28, 2021 - February 8, 2021
* GameStop's stock price rose by 73.5% from $18.92 to $32.97
* S&P 500 fell by 2.3% from 3,875 to 3,785
Event 2:** March 24, 2021 - April 2, 2021
* GameStop's stock price rose by 41.1% from $60.65 to $85.53
* S&P 500 fell by 3.9% from 4,196 to 4,034
Event 3:** July 19, 2021 - August 16, 2021
* GameStop's stock price rose by 34.4% from $111.67 to $150.67
* S&P 500 fell by 2.4% from 4,443 to 4,323
Event 4:** September 13, 2021 - September 28, 2021
* GameStop's stock price rose by 22.2% from $134.72 to $164.85
* S&P 500 fell by 2.1% from 4,532 to 4,435
I post more in-depth analysis on my socials, but I expect Game-Stop to thrive in the month of August 2024. Maybe Gamestop will become the new hedge against market turbulences. I am also curious to know how the CEO will put to use the money he has accumulated from the company, maybe me and Roaring Kitty become friends in the future
$GME - First signs of something possibly happeningHi guys,
My data didn't show the last couple of large spikes making me think they were completely related to DFV's forced MM share buying to hedge which is why i didn't post anything.
Now i'm finally seeing small signs of something possibly happening. Nothing concrete yet, still the begginings of what might be something.
My algo printed a buy for GME and it's the one that kinda predicted big pump to $75, also other data partially confirms this is not a false positive print.
I plan to open a small position at some point just in case. Won't be sharing the position here as GME is an important trade and i don't want my trade to be affected by various factors caused by me sharing my position.
imgur.com
My data shows a spike in the blue line data which is significant. It it continues rising, then we'll see a price pump eventually. That's all i can say for now.
GameStop watch out 12.68. 18/July?24GME probably having strong support at 12.68 +/-. As this zone is a multi confluence of :- 1) Monthly 233 EMA (white MA) 2) Monthly Order Block/ Demand Zone 3) Median Line of Pitchfork (Thick Blue). There would a probably a good support If there was a pullback toward wave E of triangle (yellow circled ) @ 12.68..
Don't Sleep on Game Stop (GME) - Time to Buy Again!Gamestop has seemingly lost steam in the past few weeks and the hype may seem like it's over. Ignore all of the fundamental talk about GME going nowhere and focus on the Technicals. The Technicals are still in play here for GME to continue to push upwards. We have created a strong support area ~$22.25 and that area has been tested several times now and continues to hold.
We've been consolidating for over a month now, and have just seen a bullish Break of Structure on the H4, signaling that this baby is ready to start moving again. The volumes haven't started picking up yet, so it may take a little more time....but this is where "smart traders" should be getting back into GME. Since we have had a few pushes up previously to the $40+ range, it won't take much at all for this to skyrocket back to those levels.
Time for a long position here at ~ $25-$27, with a HUGE Risk to Reward Ratio...5.5+. Stops should be just below $22, and targets are initially $49, then $65. Overall a ~$5 risk with a $22-$40 reward...I'm taking that trade all day every day!
PULTE GROUP (PHM), THIS DUDE GIVES AWAY LOTS OF MONEYYou can follow the ceo on twitter.
He often has live streams where he obviously talks about his company among other things.
He also gives away a lot of money. It seems he genuinely cares and enjoys giving away money. It seems partly for his image, but imo, he created a win/win. With the amount of money he has given away, he's earned some good publicity.
(I've never received money as a disclaimer, I mention this because a lot of his twitter feed is about giving)
He talks about GME and BBBY often.
Flys a chopper.
Won't give me a ride.
For his stock.
Honestly, he seems awesome, but his stock is getting to the scary zone.
Now, I say this because even though it is a scary zone, there is a lot of potential upside momentum can carry the price to.
So, earnings on the 23th is important to note.
It will likely have an effect on price. I assume from the looks of things, price might see a decent upside movement to 125-145 range and then see a significant downside before recovery.
I think I labeled most of the important things on the chart.
Where I think $GME is headingThis is not financial advice. I've been following the stock for a while now. After Roaring Kitty posted the American flag emojis following the dog emoji (which I believe hints at the July 4th weekend), he then posted the microphone and eyes emojis. It seems like he might reveal something soon. Regardless of Roaring Kitty's actions, GME is looking strong on its own.
GME + Another Live?In the Fibonacci retracement indicator, using the 0.382 level as resistance and the 0.236 level as support has specific implications:
0.382 Level as Resistance: When the price approaches the 0.382 Fibonacci retracement level from below, it often acts as a barrier that prevents the price from rising further. Traders view this level as a potential selling point where the price might reverse downwards. If the price repeatedly fails to break above this level, it confirms its role as a strong resistance.
0.236 Level as Support: The 0.236 level is considered a support level when the price is approaching it from above. It acts as a floor that prevents the price from falling further. Traders might look at this level as a buying opportunity, expecting the price to bounce back up. If the price holds above this level multiple times, it reinforces its status as a strong support.
Green or Red Dildo Party? 😂😂😂😂
GME CRYPTO SMCI NFLX Video UpdatessLearn how to read price!
Learn where the key areas are
Learn good risk reward
Take notes on how FOMO and Euphoria behave, feel, and trade like
Learn what tight tight tight looks and behaves like both up and down
Learn the difference between CORRECTION and REVERSAL!
Shorting is for the elite of elite Navy Seal Snipers!