Seeking Assistance: Analyzing GME Short Sale Volume with Keltner
Hi TradingView Community,
I'm reaching out to this knowledgeable and vibrant community for assistance in analyzing the short sale volume of GameStop (GME) on a monthly basis. My goal is to gain deeper insights and potentially identify trading opportunities based on this data.
Current Analysis Setup:
Indicators in Use:
Keltner Channels: I’ve been using Keltner Channels to gauge the volatility and potential breakout points for GME. The channels are set with a 20-period EMA and a 2x ATR multiplier.
EMA Crossovers: Additionally, I'm observing the crossover of two EMAs (Exponential Moving Averages) - specifically, the 50-period and 200-period EMAs. These crossovers often signal potential trend changes and are crucial for timing entries and exits.
Areas I Need Help With:
Short Sale Volume Analysis:
I'm looking to understand the impact of monthly short sale volume on GME’s price movements.
How does an increase or decrease in short sale volume typically affect the stock's performance?
Are there specific patterns or trends in the short sale data that correlate with significant price movements?
Combining Indicators:
How can I effectively combine the insights from Keltner Channels with the EMA crossovers to improve the accuracy of my trade signals?
For those who have experience with these indicators, what are the best practices for interpreting signals from Keltner Channels in the context of short sale volume?
Identifying Key Levels:
What key levels should I be watching based on the interaction between the short sale volume, Keltner Channels, and EMA crossovers?
Are there historical precedents or case studies where these indicators have successfully predicted major price movements in GME or similar stocks?
Example Chart:
Below is an example chart illustrating my current setup, with the Keltner Channels and EMA crossovers:
Call to Action:
I greatly appreciate any insights, analyses, or resources that the community can share. Whether it's past experiences, detailed explanations, or even annotated charts, all contributions are welcome!
Thank you in advance for your support and expertise.
Yours truly
StrangleManiac
GME
GME THEY WILL BUY LOWERAs i said before, i think it's not over for GME. In my opinion, big hands will buy GameStop lower, around 14-17 and here the price will start to pump up. Actually the chart it's absorbing the flash pump we have seen some days ago, and this is good.
MUCup and handle on the daily.
CALLS CAN WORK OVER 130.
TRADE IDEA: 5/24 133C
*SEMICONDUCTOR STOCKS CAN MOVE HIGHER WITH NVDA TOMORROW.
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Next support $4.2 & the $3 ?Selling on UMVD, Angle 1 is as low as $3, that will be good R:R entry for long. I don t thing 4.2 will hold is we keep seeing more selling.
GameStop Stock Evokes Dreams of Rocket Ships and Diamond HandsShares of the video game store tested retail traders’ survival skills. But the meme stock madness also bamboozled the pros.
In the span of just a few regular trading sessions, with some stomach-churning pre-market action in between, GameStop once again made headlines. Roughly three years ago, Keith Gill — known as “Roaring Kitty” on the internet (mostly Reddit) — triggered a huge rally in the shares of a little known video game retailer called GameStop NYSE:GME .
The Hidden Gem
Roaring Kitty took a big long position in GameStop for his belief that it was a company with a lot of potential. And at the same time, he blamed the big bad hedge funds for keeping a lid on share-price growth by shorting the living thing out of it.
Mr Kitty’s thesis caught the attention of fellow retail traders on Reddit’s r/WallStreetBets chat board, a place where self-described “degens” exchange fast-churning trading ideas. Soon after, shares were flying high, riding on gains of more than 2,000%. GameStop was set free and institutional investors got smoked.
These were the good old days of speculative pumps and the absolute power of like-minded individuals seeking the thrill of quick profit and adrenaline rush. And — it seems — we’re back at it again with the meme stock corner going fully bananas.
Roaring Comeback
Roaring Kitty’s X account switched the lights on after three years of silence. In a rather vague post, he published a drawing of a man leaning forward . Boy, did that get understood in all the possible ways. Shares took off by as much as 75% a day after that post went live. A breakneck rally went on for a few more days, evoking dreams of rocket ships and diamond hands.
A week later, none of that is there anymore. Shares are not only back where they were before the surge — they’re doing worse. The rollercoaster ride lifted the stock from $20 on Monday to $80 on Tuesday, a 300% pop per share.
By Friday, shares had briefly dipped below $20, pulling off a boomerang move and erasing 75% from the stock’s weekly peak.
And, this is how GameStop tricked retail investors into believing that this the GameStop rally 2.0. But, before that, it smacked professionals with huge losses on the way up.
Same Old, Same Old
Professional money managers had borrowed about 30% of all shares outstanding for — you guessed it — shorting purposes. The thing with shorting a stock, i.e. profiting from its decline, is that if you’re wrong, you can be wrong until your account is wiped out because shares could rise indefinitely.
GameStop short sellers were ironed out. They lost more than $2 billion in just two days, according to data analytics firm S3 Partners.
“After being down $862 million in mark-to-market losses yesterday, NYSE:GME shorts are down another $1.36 billion in mark-to-market losses today,” S3 Partners’ Managing Director Ihor Dusaniwsky commented on X .
If only there was some similar experience in recent history that would inform hedge funds:
Not to bet on a red-hot stock, popular among the retail crowds, because you’ll get burned if they come after you with a short squeeze.
Not to bet on a red-hot stock that’s thinly traded, because you won’t be able to easily get rid of your short position that’s draining your funds.
After all, they did make a movie ( “Dumb Money” ) about shorting GameStop. Yet, “smart money” did it again. Professional hedge funders weren’t the only ones to get knocked.
What Goes Up Must Come Down
The retail trading army on Reddit and X lost some serious cash, too. Just when shares were going in the other direction. Redditors on r/WallStreetBets initially cheered the first rays of the powerful upside swing. This sparked hopes of a revival before these same guys started flooding the board with screenshots of mounting losses as shares were nosediving.
What Happened and Why the Fast About-Face?
Other than the super frothy state of the highly inflated stock, what helped shares come back to earth was GameStop’s securities filing to sell some equity. Apparently, the C-suite of the video game store figured they could ride out the surge and issue up to 45 million shares that would dilute the number of existing shares by as much as 15%.
In another price-damaging filing , GameStop said that it expects net sales for the current quarter to land between $872 million and $892 million. The forecast is well below last year’s $1.237 billion and the consensus views for $1.045 billion.
With that said, GameStop shares are still in the green for the year, following the head-spinning trip to the moon and back. So, until next time?
We Want to Hear from You!
Let us know about your experience with that volatile beast! Do you own shares, when did you buy, and are you optimistic about the future of GameStop?
GME SOME HOPE AGAIN?GME Crypto has performed a nice 50x since my call around 3 months ago. That's a pretty crazy result. Are there some hope to pump again? In my hopinion, the fight has just begun. I think we will see a pump on GME Stock and GME Crypto could likely follow. Actually the price reached an interesting buy zone, and i think we can see an upside move that could lead the price near 0.18
FFIE Short Squeeze Levels and Zones ChartedBeen watching and trading this thing since $0.09. Couldn't believe the structure and strength of the buying. 1 billion volume past 3 days. 97% shares Sold Short. now there's articles and vids popping up and our beloved apes from AMC GME looking for more nose candy.
Something I've noticed is that the past 3 days have rallied @ or near 12pm(Noon) EST as noted on the Chart. is it when the shorts go to lunch? < jokes but maybe.
But I think this thing is really in perfect storm territory
Im going to be looking for this noon bounce thats happend past 3 days.
looks like there's going to be some pressure from 3.11-5.48 with 13.96 in range of this run.
We want to see the same signals. Nice Vwap support, Selling met with stubborn buying at support levels, Local Top aggressive selling met with aggressive buying during with those nice long wicks to Vwap support. The 3 min chart has been great visually to see this stock work through price levels
GameStop’s Stock Price Plunges About 20% After Meme Stock Surge GameStop's stock ( NYSE:GME ) price dropped about 20% after a meme stock surge by investor Keith Gill. The company announced plans to sell new shares and lower its sales forecasts, causing the stock to fall back to Earth. GameStop ( NYSE:GME ) now expects first-quarter sales to range between $872 million to $892 million, significantly lower than the $1.24 billion it made in the same quarter last year and below analyst estimates of $1 billion.
The video game sector has lost steam since the start of the pandemic, and there are no near-term catalysts in sight for GameStop ( NYSE:GME ). Analysts believe that the issuance of new shares makes sense, as it raises the company's cash reserves while sales continue to fall. However, they remain pessimistic about its long-term future.
Michael Pachter of Wedbush believes that GameStop ( NYSE:GME ) cannot "save its way to prosperity" and expects the mix of software sales to continue to shift to digital and away from physical. He believes that GameStop ( NYSE:GME ) will see continuing sales declines next year as well, and the company must deploy its cash productively or hope to issue more shares at elevated levels to forestall the inevitable.
The surge in GameStop shares ( NYSE:GME ) came after Gill resurfaced online, posting an image of a man sitting forward in his chair, a meme that gamers often use when things get serious. Since the earnings preannouncement by GameStop ( NYSE:GME ) and the company's decision to sell additional shares, he has posted 17 additional memes, indicating he plans to continue supporting the company.
$GME: Where to Next? $100? 🚀Hi everyone,
Here's a quick update on $GME. We started yesterday at $64.74 and dropped sharply to $31.11 but managed to hold the 0.382 Fibonacci level. If GME can break above the 0.236 level at $41.72, we could quickly rise to $64, potentially closing the gap at $74 and even reaching as high as $100+.
Our MTTSA indicator predicts a significant upward movement, as the daily is about to cross the monthly.
Downside targets:
If we lose the 0.382 level, the next target is the 0.5 Fibonacci level.
If the price falls and closes below the hourly on the MTTSA indicator, expect it to seek support at $25.42.
There's also very strong support at the monthly level alongside the 0.618 Fibonacci level.
Conclusion:
GME has been making higher highs and higher lows. As long as it stays above the $31.72 level (0.382 Fib), this uptrend should continue. With the daily set to cross above the monthly, we anticipate a significant rally—similar to the impact seen when the hourly crossed the monthly.
#GAMESTOP IS NOT GOING TO STOP!GameStop Corp (#GameStop) video game store chain shares soared by 46% during Monday's trading on the New York Stock Exchange (NYSE), reaching $25 .
The surge didn't stop there, as on Tuesday the price reached up to $60 per share! Wednesday opened with a sudden downward gap, but by the end of the session, the price confidently recovered to $40. What will happen today?
The rollercoaster ride repeats itself with this stock after the sudden return to social media by YouTube streamer Keith Gill, known as Roaring Kitty. He posted a mysterious message on the X service (formerly Twitter), showing that he's always in the know. Gill's post garnered over 8 million views within hours of its late Sunday posting, marking his first post on the account since June 2021.
The surge in stock prices led to a so-called "short squeeze" - a situation where investors betting against the stock and opening short positions are forced to buy stocks as their prices unexpectedly rise, contrary to their expectations. This situation further fueled the rise in shares, which appreciated by hundreds of percent. As a result, funds betting against the company's stocks lost billions of dollars. Giacomo Pierantoni, Head of Data at Vanda Research, stated that the overwhelming majority of demand for shares now comes from retail investors. It seems that, as in January 2021, investors are betting against those shorting GameStop Corp (#GameStop) shares, notes MarketWatch.
GME: History Repeats Itself | 61.54% Potential ReversalGamestop Corp (GME) has been a hot topic in the financial markets, and it seems history might be repeating itself.
After a significant drop, GME has shown signs of a potential reversal, with technical probabilistic indicators are suggesting a bullish trend.
In this trade idea, I will analyze the current market conditions, key levels to watch, and a potential entry and exit strategy for GME.
Key Points:
GME has experienced a considerable decline in recent months, which may be attributed to market volatility and investor sentiment.
My FREE OrderFlow indicator is indicating a bullish trend may be on the horizon.
This probability analysis suggests price rejection at the 0.5 level, which could serve as a potential entry point.
The 30m buyside liquidity level could act as a potential target for short-term target while the 1W buyside liquidity acts as long term target at $120.
Entry:
Wait for confirmation of a bullish reversal, such as a break above the 0.5 Fibonacci retracement level or a strong bullish candle on the 30m chart.
Set a stop-loss order below the recent sellside liquidity on 30m.
Exit:
Consider using a trailing stop-loss to protect profits as the trade progresses.
Risk Management:
Ensure that the trade size is appropriate for your account size and risk tolerance.
Use proper position sizing to manage risk effectively.
Monitor the trade and be prepared to exit if the market conditions change or the trade setup fails.
Please note that this is not financial advice and should be used for educational purposes only. Always conduct your own research and analysis before making any trading decisions.
15min bullish falling wedge/flagYet again, we can see GME has formed another massive bullish falling wedge/flag on the 15. A breakout out of this flag should bring a $25 to $50 gap up within the next 10 to 14 days. Stay tuned.
GMECurrent position: 50 Shares at $31 (small position)
Option premiums are too pricey, so I just bought shares.
Trade Idea May 24 50C $2.15 (very high risk)
GME & AMC MOONING! I FOUND A GEM!If you have any questions or comments feel free to comment down below!
AMC will moveI like it when AMC moves because what they do is a very precise technical play; it can go down or up, and you can find these points to hop on the train and know that another big rise is coming.
We have a bull flag here!
GME : Is the GAMESTOP Super Pump OVER?NYSE:GME 🚀 NYSE:AMC
In a single day, GameStop was able to outperform an entire year of BTC.
GameStop stock and AMC shares soared Monday after Keith Gill, who sparked the meme stock rally during the pandemic, made his return to social media for the first time in three years. The New York Stock Exchange temporarily paused trading on GME stock 34 times.
Short sellers are estimated to have lost over SEED_TVCODER77_ETHBTCDATA:5B in tow days.
One thing that is very evident (except for massive whale plays and no doubt insider trading) is the gap that formed around $20-$25. The price is known t return to fill the gap, so I am SHORT until that zone is filled, calling this entire scheme one big pump-and-dump.
AMC will soon fall to pre-pump lows as well, as the price levels fails to hold for even 12h:
Sellers are now dominating lower timeframes and the price continues to fall fast. The price COULD fall or wick as low as the trendline on the technical indicator:
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GameStop Jumps Again - Up 118%GameStop shares recently surged by 118% in two days, coinciding with the return of Keith Gill, known as "Roaring Kitty," who ignited interest with a cryptic social media post.
This event underscores the ongoing challenge that meme stocks like GameStop pose to traditional financial analysis.
Historically, GameStop experienced a massive spike in January 2021, with shares increasing over 2600% due to coordinated buying by retail investors on platforms like Robinhood and social media forums.
Although the stock quickly lost nearly 90% of its value from its peak, showcasing the high risks of such volatile investments, it has shown signs of recovery.
After a period of stagnation, GameStop's stock rose sharply by 75% on Monday and saw early gains of 113% on Tuesday before settling to a 60% increase by the day’s end due to selling pressure.
With the stock's history of dramatic fluctuations, there is potential for surpassing its all-time high of $120, but significant volatility remains, with the $50 mark being a critical resistance level to watch.
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As always, keep it simple, keep it Sublime.
The Power of Retail Investors ---- PEPEIn the past two days, the U.S. stock GameStop has experienced another obvious pump again after three years. Roaring Kitty, a representative of retail investors, posted on X after three years of silence. The follow-up of retail investors caused the stock price to rise. At the same time, meme coin GME, Kitty, etc. also had pumps.
Due to its poor performance, GameStop continues to be shorted by large asset management companies, and its value is separated from its business support. Three years ago, financial institutions restricted long positions on GameStop, which caused strong dissatisfaction among retail investors and led to a short squeeze phenomenon. Whether it is from the current value of GamStock or the type of holders, it can be described as a meme stock.
Fair is the biggest consensus of meme coin. This is why this stock market event spread and affected the crypto market. This is the power of retail investors. Meme coins have seen a significant rise in the past two days. In addition to the eponymous tokens GME and KITTY, the highly decentralized PEPE has also seen a significant increase.
We have analyzed PEPE before and gave a BUY signal on February 23 through the TSB indicator, believing that PEPE is about to rise. On May 2, after the TSB indicator once again prompted a BUY signal, PEPE began to rise again. Currently PEPE is refreshing its ATH. We can see the formation of long green candles over the past two days, accompanied by increased trading volume. The bullish trend is healthy.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
"Untested Levels with Timeframes" - indicator community test!Looking to test my indicator.
This indicator, titled "Untested Levels with Timeframes" is designed to identify and visualize price levels within different timeframes that have not been tested recently. Here's a breakdown of its benefits and usage:
Identifying Untested Price Levels: The indicator helps traders identify support and resistance levels that haven't been tested for a specified period within different timeframes. This can be valuable because untested levels may represent potential areas where price could reverse or encounter significant movement.
Customizable Timeframes: The indicator allows users to specify different timeframes (e.g., 30 minutes, 1 hour, 4 hours, daily) for analyzing untested levels. This flexibility enables traders to adapt the tool to their trading style and preferences.
Visual Representation: Untested levels are plotted on the chart as rays extending to the right. This visual representation makes it easy for traders to identify and assess these levels at a glance, enhancing their chart analysis process.
Dynamic Management: The indicator dynamically manages untested and tested levels over time, ensuring that traders focus on the most relevant price levels within each timeframe. This feature helps prevent clutter on the chart and maintains the indicator's effectiveness.
Potential Trading Opportunities: By identifying untested levels, traders may uncover potential trading opportunities, such as entering trades near untested support or resistance levels or waiting for confirmation of a breakout or reversal at these levels.
Risk Management: Understanding untested levels can also assist in risk management by providing traders with additional context when setting stop-loss levels or determining the risk-reward ratio for a trade.
Overall, this indicator can be a valuable tool for traders seeking to enhance their technical analysis and identify potential trading opportunities based on untested price levels across different timeframes. However, like any trading tool, it's essential to combine it with other analysis techniques and thoroughly backtest it to assess its effectiveness within your trading strategy.
AMC and GME Gamma Squeeze vs Short Squeeze durationYou are surely wondering how long this rally on GME and AMC could go!
Let's look at the 2021 short / gamma squeezes to find out!
GME rallied from Jan 13 to Jan 28 for 15 days and went up 24X at its peak! That was a gamma squeeze!
AMC, on the other hand, rallied from May 13 to June 2 for 20 days, during which it went up 6X at its peak. That was more of a short squeeze!
A gamma squeeze and a short squeeze are both market phenomena, but they operate in different ways and involve different types of trading strategies.
Short Squeeze:
In a short squeeze, traders who have sold a stock short (i.e., they've borrowed shares and sold them with the intention of buying them back later at a lower price) are forced to buy the stock back at higher prices to cover their positions. This buying pressure drives the stock price even higher, causing more short sellers to cover their positions, thus further increasing the price. It creates a feedback loop where rising prices force short sellers to buy, further increasing demand, and thus prices.
Short squeezes often occur when there's significant negative sentiment or speculation about a stock, and a sudden positive development causes the price to rise sharply, catching short sellers off guard.
Gamma Squeeze:
A gamma squeeze, on the other hand, involves options trading. It occurs when option sellers (who are often large institutional investors or market makers) have sold call options (contracts that give the holder the right to buy a stock at a certain price) and need to hedge their positions by buying the underlying stock. As the stock price rises, they need to buy more stock to maintain their hedge, which further fuels the price increase.
Gamma squeezes are typically triggered by a sharp rise in the underlying stock price, causing the delta (the rate of change of the option price with respect to the price of the underlying asset) of the call options to increase rapidly. This forces option sellers to buy more stock to adjust their hedges, leading to a feedback loop similar to a short squeeze but driven by options trading.
We could be entering a cycle here, let's see!
GMEWhat a lovely market cycle for gamestop . since we have dipped inside the previous structure on a monthly look for the reversal coming up soon.
Time to "I like this stock" again.
Personal short term target is 40$+
GME CHART, WE LIKE IT, WE LOVE IT, WE WANT SOME MORE OF IT.HERE is the always the most popular chart I end up sharing.
GME.
It seems a break out is about to occur and the buy target is basically now or very soon.
Downside is minimal, price is at trend support.
Looks like a lot of upside potential.
I like $20. And then there is always potential it really cooks to 64.
but don't count on that.
Focus on the trends, and right now, you have a better than average chance buying into this dip.
Good luck!
Feel free to toss out any questions.
Feel free to disagree.
Feel free to use the chart however it may help you.
[WSB] How to trade the GameStop Short Squeeze!r/wallstreetbets recently picked up the GameStop Stock (GME). Why? Because we basically have free money sitting here.
GameStop struggled with keeping up with the growing digital gaming market and the price plummeted.
With a strong focus on E-commerce, a strong brand with over 55 million PowerUp members and a solid team (Source: r/wallstreetbets "GME FULL STORY),
we will most likely see further growth in the company in terms of revenue and stock price.
I made this chart to verify important levels and an in depth trading-plan to reduce the risk as much as possible.
Everything relevant is on the chart. The Cup & Handle Pattern is one of the easiest patterns to trade and extremly powerfull to extend
a strong uptrend - which is highlighted by the Ascending Parallel Channel.
Please make sure to place a Stop-Loss order and place your buy after the confirmation with a Breakout-Candle.
Let me know if there are any questions and feel free to discuss in the comment section.
cheers
