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GME

GME reached important support levels. Is the bottom in?GME reached the 200 MA on the 8h + extended hours, it hit the S3 weekly, the diagonal support, a VP HVN and it managed to get into an area that was previously resistance (currently turned into support). So to me this either is the bottom, or GME is in trouble. This is a massive combo and the structure of GME in the long term is still bullish. In my opinion the double top at 340 has a change to break and is what has me quite bullish. Of course there are several issues in the global economy, meme stocks haven't been doing well and so on... but this doesn't mean that we can't see another big rally. That requires that things don't crash right now and that we stay in a bullish environment for stocks... which over the last few weeks/months has been turning bearish and mostly favoring large caps. Going long here isn't a bad choice imho with stops below 160, otherwise wait for the market to close above 220 to start looking for longs.
NYSE:GME
by BitcoinMacro
9
$GME - Alt T+21-35 cyclesHere's what i think the cycles really look like. I don't like it when people just arbitrarily pick a place and start counting equidistant T+21 and T+35 forever and call it "The Cycle". Instead i've gone ahead and arbitrarily picked my own dates and have drawn my own sort of equidistant T+21 and T+35's. Believe what you want in the end. I've come to the conclusion that this is what the cycle looks like and not exactly like how everyone else visualizing it. I've used option flow data to find anomalous option data and based some of these cycles on those, on the 2 ATM offerings, DFV's exercise as well as the 2 market buy ins that happened sometime in Feb/March. Tldr: I didn't pull these out of my arse. I'd love to sit and write my whole thesis here on how i've come up with this, but because i've in fact already written it elsewhere, i'm just going to link to there... www.reddit.com www.reddit.com I'd paste this content here but the format would break a lot so... if you wanna know how i come up with this stuff, just read those 2 links or whatever. Anyway i think that people are counting T+21 and T+35 from the wrong place and are also too adamant about things happening on exactly T+21 and T+35 where that shouldn't be people's expectation. The T+'s are deadlines. People should be expecting things to happen BEFORE a deadline, not exactly on the day of the deadline and that's the mistake everyone is making when trying to visualize T+21 and T+35. In reality, the cycles are much more dynamic than people are making them up to be. There's things like ATM offerings for more shares happening which just disrupt any existing cycles. For whatever reason, people aren't even taking these real life / fundamental things in consideration when counting T+21 and T+35. It's like doing raw technical analysis on a company you don't know, yes the technical analysis might show a bullish wedge, but you didn't consider the real life news that the company released saying they're going bankrupt... So yeah, if you don't factor these things in, you're just counting T+21 and T+35 from random meaningless points on a chart to other random meaningless points on the chart. My visualization of the cycles whilst looking complete, it's really not. There's a lot more micro cycles i would've loved to add, but the chart would be come too convoluted for anyone to understand. The idea however is that within the T+35's, there's also multiple T+21's ending. You can identify these by the Short at T+18 and cover at T+21 patterns all over the chart. You'll see a lot of random large downward daily spikes, then an equal spike 1-3 days later which is the net 0 short cover. The only reason they drop the price here is to kick the can with options by hiding FTD's in far OTM puts in the $0.5 - $5 range (and maybe in the $0.5 - $50 range) then proceed to cover their net 0 short a few days later. The behavior of the shorts is extremely visible on the chart, you just need to be able to identify their patterns correctly and i think i've for the most part done that.
NYSE:GMELong
by leenixusu
4
"FORGET GAMESTOP"... I set my share price. I decide when to sell my shares. Buyers at those crazy levels? yes. DTCC computers burning hot trying to buy every single share available in the market. When shorts start to cover the ticker will move up and up and up... and those are the levels that i am looking for: 1250 - GME surpasses Wolkswagen short squeeze. 3141.45 - GME surpasses Amazon all time high. 6969.69 - SEC will finally pay attention to GME as we hit a porn number. 42069.69 - GME hit a meme number and become the meme king stock. 208571.00 - You can sell 1 share of GME to buy the cheapest Lambo in USA. 420420.69 - GME hit another meme number and surpasses BRK, become the most expensive stock class A in the world. 20000000 - Infinite Pool ... Guess that if we follow MSM advice and forget about Gamestop the infinite pool is a certain thing. The power of HOLDING.
NYSE:GMELong
by adrianogmatosuk
4