GME Entering WindowGME experiences its highest periods of volatility within a consistent, 24 trading day period prior to it's Earnings Calls.
GME
GME $239 soon?Actually is very possible that our WSB magicians try to send $GMT to over $239 level according to all technical data, remember to place orders using nasdaq
GME idea #1GME in a channel around September & this month's lows.
Will look for longs above channel and at bottom of channel.
Going Long on AMC Entertainment Holdings, Inc.As humans we should be able to analyze history and learn from it. What are we if we can’t learn from the past? Life works in patterns and the past will present itself again in the future.
Here you can see from January to May, there was a rip upwards followed by long consolidation, then another huge rip up.
Consolidation is a very healthy sign and signifies accumulation and demand zones in play. The longer the accumulation the bigger the rip upwards. From May until present day, we ripped and have been accumulating. I bet you can guess what it going to happen next. I’m bullish. I like the stock.
$GME - Rippy time?GME is currently holding a crucial support dating all the way back from August and is also sitting on the 200SMA.
AMC - BIG MOVE AHEAD $20 OR BREAKOUT AFTER CONTINUED RETEST FAILAll,
I would watch AMC over the next two weeks. I think a big breakout is coming one direction. It's in a BAD spot here though. If this doesn't quickly break back up could see a big downside move again. However, if it can regain and go for a retest of previous highs/gap and somehow break 2nd level could see big gains.
They really just need to do a reverse split and get AMC to a low float stock then it would be over. They need to get the float down in some way or another.
WISH OPTIONS NEXT WEEK - WEEKLIESAll,
I think WISH hits $13 or $15 OTM then either:
A) forms head and shoulders
B) ascending bullish tri breakout to 17 range
Obviously undervalued massively shorted for whatever dumb reason.
LFMD - WAVE C ENDING - BUY SOON OR OPTIONS LONGER TERMAll,
LFMD had game changing fundamentals last quarter but still under downtrend resisance #2. This is a 3/4 retracement wave C should be ending RSI tells the story on the daily. I am watching EXTREMELY closely here. I think this is going to pop worst case is a double bottom at 7.7 or near it in which case I will absolutely be all in. Fundamnentally/valuation wise I personallly see LFMD at 14-18$ range and probably will go into 20's again from demand/lower float than most in category.
As always watch the entire market first and do not enter too early. Just wait for the stars to align and for the break up to happen. Also remember almost everytime on breaks there is the first wave up but wave 2 is almost always a better and safer entry (depends how fast it moves)
GME - BIG MOVE COMING - QUESTION IS WHICH WAY?All,
I think in the next two weeks we will see GME break under or break up hard to say right now there are some confluence supports, but personally don't suggest anything until we find the break or have options on even ration call/put then sell one once confirmed. Persoanlly I think it falling to $100ish level would be better, because the bounce from there could be massive for options and volatility in general.
We will see, but like I said it's a "wait and see" and get your coffee/tea/popcorn whatever you're into ready
The Power of 3.For the uninitiated, the rule of three suggests that words grouped into threes are more appealing and easier to remember.
Our brains are pattern-seeking machines, constantly looking for relationships and meaning in the world around us. ... We can use the rule of three to powerful effect.
In mathematics, a power of three is a number of the form 3n where n is an integer – that is, the result of exponentiation with number three as the base and integer n as the exponent.
3 corners in Triangles. Illuminati level shit etc..
Circles start with the number 3.
3 is the worst phase of Market Cycles.
3rd week of every month is OPEX.
3 peaks to the Head and Shoulders pattern
You know where this is going.
More mystery unravelling to come, this chart is just a teaser.
These are just my observations alone. not financial advice. I'm wrong 3 times out of 222.
if you want financial advice, watch Monday. I think Better Markets is on to something.
If you need help hedging against markets / market cycles, I suggest listening to everything Cem Karsan has ever said or written.
GME - a great buy option?As I see it, GME is moving inside a channel or wedge, which is inside a larger channel. Zooming out, I see an even larger wedge, that underlines the trend. If it continues down inside the smaller channel or wedge to the supporting line of the larger channel, there should be a great buy option, which potentially has a lot of upside.
I like to look at charts because I believe there is magic behind the numbers, if you can read the history, psychology and trends in the charts. I hope I can inspire and entertain, but I am not a financial advisor. Please do your own research.
GME: Short & Long (triangle, lines)Gamestop near double support. We have a triangle at the top. According to classical technical analysis, such a triangle can be both a trend continuation model and a reversal model ... Moreover, this triangle must be broken up or down no later than 3/4 of its beginning to its top, in other words, no later than November 1, 2021 ...
Otherwise, the model is considered unfulfilled (rotten), which means the price has entered a sideways trend.
At the same time, inside this triangle, we see three downward movements, each of which lasted exactly 56 days. The first two movements gave approximately the same -42-45%, but the last third gave only -17.34%.
The foregoing suggests two opposite thoughts to each other:
1. Sign of bullish strength. The bearish downtrend is losing strength and the GME is ready to start an upward movement, bouncing off the support lines. In this case, we have the right to hope for a profit from a long position at least + 25% by December 01-06, 2021 - until the triangle resistance.
As much as possible, we can expect the breakout of the resistance of this triangle and the continuation of the uptrend to the vertical size of the triangle = $ 397.
2. Sign of bearish strength. The triangle is preparing to become a reversal pattern and shed the price strongly down - to $ 65-55 per share (about -65%) just to the level of 2007, 2013 and 2021.
I expect more bearish downtrend than bullish uptrend ...
But at the same time, I have already placed orders in both directions with short stops and pyramiding on corrections towards the developing movement. In both cases, I look forward to making a profit. But only prolonged sideways movement with strong volatility can cause losses.
Not a financial recommendation. Not advice.
The father of all SAGAsThe DWAC price tag of 175 in 2 days, is way above AMC and GME saga..!
and it pushes all other social media stocks into the red zone!
Trump vs Facebook, Twitter, Pinterest, and Snapchat
But everyone knows how it will end!
Best
Moshkelgosha
$PBTS Reversal Inbound + Possible SqueezeVolume increase and reversal on charts + high shares shorted, last I check was around 6.5million shares borrowed
$GME to $81 - I don’t make the rules… $GME to $81 - I don’t make the rules…
I mean… from a technical standpoint…
——————
I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your due diligence.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
GME TO THE MOON SOON! 🚀🚀🔮 LFGThe long term consolidation is fucking insane. It is wedging at a very nice form.
A breakout could happen before November 15th.
The SEC report stated that barely any shorts have covered...even after January's rally. (Only a few small shorts covered but not the big ones) Shorts never covered because brokers took away the buy button. Thus shorts didn't need to cover because everyone could only sell and they'd be stupid to cover.
What is different about this time? People are buying actual shares in their own name... now leaving it in the hands of retailers rather than brokers. Meaning if prices go as high as 400 again, shorts WILL cover and skyrocket a shit ton even if brokers restrict trading again.
What's more is that we saw a massive cup in the middle of the wedge. I may be grasping straws here but we are in on overextended handle the just needs to break the resistance for it to fly. While this is a slight stretch, on cannot deny the wedge formation is looking good.
GME to 1k🚀
APES NEED TO GATHER. LETS GET THIS BREAKOUT AND FLYYYY
AMC Still Leading GMERedline is AMC current price movement.
IMO AMC is still leading GME in movement. AMC has completed its second run and gearing up for a third, meanwhile GME has not even started its second run.
GME Everything Is pointing towards ANOTHER RUN ! Bullish !Not Financial Advice
------
Technical Analysis :
___________________________________________________________________________________________________________________________
First looking solely at the TA , considering the ticker cyclical behavior everything shows that it should shoot up anytime.
Ascending Triangle inside the "Golden Triangle"
MACD/RSI are showing the same clear signals as before precedent runs.
Not shown on the graph, but IV is also at the same value as before JAN 2021 Run.
Now I believe more volume is required to beat the downward pressure from Bears Hedge Funds.
-------
Run down of possible Catalysts :
___________________________________________________________________________________________________________________________
Earnings
Now we're in this dynamic right before earnings , with the cyclical behavior in mind, it only adds to the bullish case.
Video game industry sales are extremely seasonal. and Nov , Dec are by a large margin the best months for the whole industry.
Adding to that that Gamestop sells much more PC hardware, clothes, phones... And is the process of shifting to an e-commerce model. It is plausible in my opinion that they will crush this quarter.
One of the sources : www.statista.com
___________________________________________________________________________________________________________________________
SEC Report :
During June earnings meating Gamestop board anounced they were in talkings with SEC.
SEC issued a report that's overall pretty bullish from SEC, basically stating that Shorts are trapped in this case.
Source : www.sec.gov
___________________________________________________________________________________________________________________________
My personnal belief as I said is that volume is required to back the bullish case.
With FTDs rolling for Shorts we could also see a fabricated upward momentum.
We can also believe it will go to 200 then back before 170 before another run early November. In case volume is as dry as it has been lately.
Honestly no precise price target in case it shoots up, just up.
An early gift for your Christmas Superstonk. Bullish to $290I love me some $GME.
We've got some technical 'scallops' forming here. It's going to pop, but the intensity will depend on the 'catalyst narrative'. Typically, timeframes to hit targets for triangles is 1/3 the base forming (puts us at $290 w/in 80 calendar days. aka CHRISTMAS).
Wait until $180 to buy on the pullback, or you could wait for the technical breakout (with volume). Buying stocks at the pullback you'd have a stop at $164.45, and a price target of $285, with a Risk/Reward of $15 loss V 110 gain = 7:1. Options will be a good play, but I'll wait for the technical breakout first, or see what the candles are doing on a breakdown. No matter what this is a buy in that red zone.
I'm at the point in my career where I'm not interested in playing weekly or monthlies so I'd buy the January monthly $210C (for about $15).
Good luck out there!
AMC's 3rd Squeeze PredictionAMC has been prepping for it's next squeeze for almost 5 months now. Short Interests is at all time highs meaning shorts have not covered and the technicals show bullish momentum starting to build up once again.
Some indicators that suggest the next squeeze is starting.. low volatility, low volume (increasing now), high short interest, pennant close to breaking out, and previous trend analysis.
My price target is taken from AMC's Speed Trendline & Fib Retracement levels which suggest the next squeeze will peak end of November at around the $150 area
Low/High Weekly Price Targets:
October 22 - $38/$48
October 29 - $42/$62
November 5 - $52/$80
November 12 - $73/$88
November 19 - $87/$104
November 26 - $96/$150
$GME possible breakout during week of the 25thLooks like a breakout is due for $GME during the week of the 25th and following the pattern of the previous spikes, starting around 2 weeks prior to earnings report.
This time the breakout will be out of the huge pennant that started in January and with the strong gamma ramp I expect fireworks.
#GMESQUEEZE #GME
Not advice, do your own DD
AMC - Price OutlookLooks like we have a Mini-Breakout here finally, setting up an IHS on the 4 hour/ daily, MACD crossed up with momentum continuing and RSI 50 line trend being crossed above as well.
Looking for some price consolidation from here tomorrow and a bounce off the RSI trend line to let the STOCH cool down a bit. All in all looks like a nice entry should show up tomorrow for a continued run into next week.
...I'm Buying More
