GME MOTHER OF ALL SHORT SQUEEZES $85 4-HOUR CHART AND ELLIOT 4-5The target is all there on the chart.
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Gmeshortsqueeze
GME Bull Trend AnalysisBullish trend based on the second gold cross-- along with the occurrence of a possible second (short squeeze) repeated pattern almost 4 years later.
GME Gamestop Technical Analysis and Trade Idea👉 In this video, we closely examine GameStop (GME). The stock has been range-bound for some time, showing lower highs and lower lows, indicating a slight bearish trend. Despite this, my focus is on a potential long position rather than shorting the stock. We explore a possible buying opportunity if the price action aligns with the scenario discussed. If the price continues to decline, we will abandon the idea.
In the accompanying video, we delve into the trend, market structure, price action, and other crucial elements of technical analysis. Remember, this video is purely educational and not financial advice. 📊✅
GME - Week of June 17, 2024NYSE:GME - Thesis
- Management is Ryan Cohen; the buffet approach
- With over $4 billion in cash, Game Stop has a better Price-to-Cash valuation than plenty of companies inside NQ.
- RK comes back after a three year hiatus, with transparency of his portfolio.
- Market structure is forming a moon landing to $120+ per share.
- And with a cultist group of degenerates (like myself); Hedgies Getting Wedgies - Dumb Money 2 will be made.
Despite all of this.... I can be totally wrong & management could rug pull everyone and it goes straight down to zero.
Nothing I post is financial advice nor investment advice....
I simply like this stock!
GME Short Sale Volume Analysis: Short Selling Dynamics & Keltner
Overview:
GME is exhibiting compelling signals that warrant attention from traders and investors. We have observed significant activity in short sale volume alongside a notable expansion in the Keltner Channel. These indicators suggest potential market volatility and trend shifts in the near term.
Key Technical Indicators:
Short Sale Volume & Market Dynamics:
Short Selling Explained: Short selling involves borrowing shares of a stock and selling them on the open market with the intention of buying them back later at a lower price. Traders profit from the difference if the stock price declines. This practice is often utilized by investors who believe a stock's price will fall.
Role of Market Makers: Market makers facilitate the trading of stocks by providing liquidity. They are essential in ensuring that there are enough shares available for buying and selling, including those needed for short selling. Market makers often hedge their positions to manage risk.
Short Squeeze Potential: When the short sale volume is high, and the stock price begins to rise, short sellers may rush to buy back shares to cover their positions, fearing further losses. This buying frenzy can drive the stock price even higher, creating a short squeeze.
Keltner Channel Expansion:
The Keltner Channel, which utilizes the Average True Range (ATR) to set its boundaries, is currently expanding at the fastest rate since December 2020.
An expanding Keltner Channel indicates increasing volatility. The last time we observed such rapid expansion, it was followed by significant price action in GME, making this an essential indicator for traders.
Implications:
Bullish Sentiment: The high short sale volume suggests significant bearish bets, which could lead to a short squeeze if the price starts to rise, forcing short sellers to cover their positions.
Increased Volatility: The expanding Keltner Channel signals that GME could experience substantial price swings. This heightened volatility necessitates careful risk management, with wider stop losses to avoid premature exits during volatile price movements.
Hi! this was generated by AI because it's 02:16
version 2.0 if this picks up
cheers
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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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!
Another likely outcome for GME.If the previous chart that I posted regarding GME doesn't play out as I hypothesized, this is another likely outcome. Prize rises slightly out of the wedge pattern, which will trigger many buy orders as many trader's would see that as a bullish sign, then sharply reversing, and dropping down below the wedge to the bottom (dashed) support line, leaving many bulls holding the bag at higher prices.
GME looks to be getting ready for a sling-shot bull-trap!With the recent bankruptcy of Evergrande, forcing the liquidation of its many short positions, rumored to include equities like GME, AMC, etc., many traders are expecting another brief 'short squeeze' as a result.
The charts seem to indicate that GME could make a nice move from current levels ($14.75), possibly even dropping to the bottom of the wedge to the $13.90ish level before bouncing to the upper trend line (white dashed line) to approximately the $18.42 level in the next 15 to 20 days (mid-February), followed by what I believe will be a sharp reversal from that level to a downward move over the 2 to 3 weeks following, back down to the $11.83 level.
If GME falls below the $11.83 level (lower white dashed line) on the charts, we could easily see the price drop below the $10 level.
If you study the chart, GME is pretty consistent about making a move, falling back, then retesting at or near the top of the previous high before pulling back, which in some cases gives you a chance to break even on a bad trade or even double-tap a successful trade.
Either way, GME can blow the doors off any size account if not traded with due diligence. No potential gain is worth blowing out your account. Great traders trade with discipline, and disciplined traders stand the test of time because they never put their ability to trade at risk. I personally never put more than 25% of my account at risk on a single trade.
Don't take these charts as gospel, but don't ignore them either! There are two types of traders in my books: followers/copy-traders and leaders/trail-blazers. Which one are you?
Good luck, and always use a stop or a buy-limit hedge!
GMENot financial advice. The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
GME $ ALERT we are consolidating between a major support and resistant , if we break from below we going to visit the support above the 18.85$ where we going to have a reversal, and if we broke the resistant from above, we going to have another profit taking between the 32$/35$.
GME H&S?GAMESTOP is showing little to no buying pressure at this area of support AND has failed to create a higher high on the Daily chart. Look for short opportunities below $19. I personally would be looking for an short entry if price where to break support and return to retest it, causing support to act as resistance with an exit well before the area of demand (Green Line [ first big candle of uptrend ])
Amc game on by HFNow van someone explain this last day candle ? Glitches are only made for AMC and GME hehe Hfs are going crazy and Nervous for sure.
GME 2023 $ Squeeze Target we bounced from our support above the 15$, now we need to clear the resistant around the 22.20$, to continue this bullish momentum till the 25.50$, then the critical area of profit taking + rejection if we didn't clear it, will going down to have a reversal from the 10$ bottom for this year .
if we clear that critical area (32$/35$) we going to have squeeze till 85$, which will make the mega squeeze for GME once again .
GME GameStop Options Ahead Of EarningsLooking at the GME GameStop options chain ahead of earnings , i would buy the $30 strike price Calls with
2023-1-20 expiration date for about
$3.00 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
GME Breakout Alertwe getting near to important breakout around the 40$, if we did and hold we going to test first the 49$, then around the 60$.
NYSE:GME
$GME regular flat is over (regular flat). Bullish moves incomingI have posted previously my bearish sentiment on gamestop after it completed its five wave impulse move. In my opinion, the correction is over and we saw a regular flat pattern. First impulse move was on thursday and we saw wave two today. So excited for next week!
GME Initiation wave C of a corrective sequenceI believe that GME is in it's third corrective wave after completing wave B this morning. I have been following this cycle for a while now and I think that this is the most probable scenario. GME was teasing the major trendline the last few days and has formed, what Thomas Bulkowski would call, a "three peaks and a spike". According to Bulkowski, the downtrend PT should be around 125$. 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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GameStop Logarithmic ExponentialsParabolic analysis of GameStop, a fascinating chart in term of trend behaviors and algorithmic short-selling.
GME GameStop Double Bottom ??it seems like this support is holding pretty well:
I am tempted to think that GME formed a double bottom chart pattern and is ready for reversal.
We also have the second scenario with a sell to $70 before going higher.
GME is already a crypto play, as you know, they will launch a Digital Wallet and an NFT marketplace.
Looking forward to read your opinion about it.
GMENot financial advice.
The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
