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Gmeshortsqueeze

GME Gamestop! Impulsive prospects up to USD 530 Welcome to my in-depth and detailed analysis on Gamestop GME. This analysis was first published on 11/22/2021 at 12:35 by me Highrisk221. Date and time information is based on Berlin time zone. We look at Gamestop in the 1 hour chart As we can see in the chart, the price trend wärend the last high phase on 08.06.2021 at 17:00 put a correction phase which was ended with a trend break on 25.10.2021 16:00. The price targets of the completed ABCD correction are indicated in orange lines and are at : Target 1 275.89 USD Target 2 306.38 USD Target 3 323.67 USD Target 4 367.06 USD Target 5 392.84 USD The MAximal target is given as 454.77 USD for this formation. Two more Bullish Formation possibilities have now emerged from the trend break. Formation 1 Would be a W formation, more precisely a W formation within a W formation. The first W Formation starts on 09.06.2021 at 20:00 USD 324.68. Forms the middle on 01.09.22021 at 14:00 at 232.48USD And is still pending completion, which at the renewed reach of 324.68 USD is completed. The course goals are not yet indicated in this analysis with, but as soon as the course 324.68 USD has again reached, are nachgetragen. The subordinate W formation starts on 11.06.2021 at 16:00 at 240.68, and forms the middle also on 01.09.22021 at 14:00 at 232.48USD The completion was reached on 03.11.2021 at 14:00. Currently, the price trend is in a so-called retest, with an impulsive rise can be expected when exceeding 240.68USD. The following targets can be reached: Target 1 316.93 USD Target 2 337.43 USD Target 3 530.54 USD they are shown in the chart as green lines The second formation that can be seen is a Cup and Handle formation it is more or less the second part of the W formation. The beginning of the cup is formed after the rise from 05.08.2021 to 01.09.2021 at 18 o'clock it was completed on 03.11.21 at 15:00 clock The handle formed until 10.11.2021 22:00h and corrected in the area of 0.618 Fibonacci level. The targets of the formation would be as follows: Target 1 252.03 Target 2 274.42 Target 3 304.39 Target 4 390.74 Target 5 477.09 Target 6 530.45 I have published the cup here in a separate idea. The whole analysis gets an invalidation as soon as the price drops below 156.62. If you liked this idea, I would appreciate a click on the Like button ;) If you have any questions, suggestions or a different opinion, don't be afraid to use the comment function. Thanks a lot Disclaimer/ Disclaimer of liability Always do your own research before investing and seek the advice of someone trained to do so. The analysis shown here is to be understood as my personal opinion on the possible price development of Gamestop GME, it was prepared to the best of my knowledge and belief. However, I can not guarantee or warrant the accuracy, completeness or timeliness. This analysis was published for informative and scientific purposes only. It is not suitable for imitation or investment basis, and must not be understood as investment advice, buy, sell, hold or trade recommendation. It is expressly discouraged, a trading decision or investment, based on my analysis or other published by me, information, articles, content or the like, to perform or make. My analyses are always based on probability calculations and on my personal experience, so this analysis must be considered as a probability statement, which neither completely, partially so or so similar, must or can occur. This analysis does not take into account any fundamental data! You should also be aware that trading and speculation with CFDs, foreign exchange, futures, currencies, options, warrants, cryptocurrencies, shares, securities as well as other financial and trading instruments, whether leveraged or not leveraged, is always accompanied by an enormously high risk of loss, whereby you can lose part as well as your entire capital and possibly beyond (note margin call). Before making any trading decisions or investments, always do your own due diligence and consider your investment objectives, financial circumstances, needs as well as your level of experience and expertise. In addition, always seek advice from an investment advisor, financial advisor and/or bank. Also, always check with your broker, bank, etc. about the exact and individual risks, terms and conditions, and whether or not you are subject to margin calls. On average, over 70-90% of investors lose their capital when trading such financial products. You always act on your own responsibility and therefore bear the sole risk. I therefore accept no liability for any damage/losses that you may incur or suffer as a result of your own actions.
NYSE:GMELong
by Highrisk221
7
GME is over big On the volume indicator, I can see distribution on the shares the bulls have collected their profits, letting the bears enter the rally, In January 2020 the GME stock has got a huge pump coming from social media like Reddit and Twitter, which prompted the platforms to limit the number of shares purchased as a maximum, and prevented some platforms from trading the stock, the stock now is on the pump and dump rule, if there is a piece of bullish news the share will go high, we prefer to take the safe side for now while we see the market had crashed. Sell will be in a good position on this stock right now.
NYSE:GMEShort
by youssefallax
31
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
Tuesday is the day? - Looks like a new breakout is immanent. Very promising to see a green day after moving to the Russell 1000, normally stocks drop as has been repeatedly by MSM for the past 2-3 weeks. Large violation of the June 10th downtrend, closed lower but tomorrow it opens above the downtrend. A further sign of a large uptrend is a sustained push over 230 and especially a close over 230. Russell monitoring's EFT's starting to load up before July 14th NFT? Good luck and hang in there.
NYSE:GMELong
by testmuffin13
GME and the day the brokers said f*** youI am not a legal financial advisor or consultant, everything shown here is strictly for learning purposes and is of my own opinion. Please do your own research and due diligence and never take any one persons words as 100% truth. GME, GME, GME. man oh man what a year GME had. this failing business had the perfect idea to get back on it's feet and what did the hedgies do? Shot the living crap out of it, would have fail if not for WSB. (LOOKING AT YOU SEC LOSERS) Now this stock has become a meme stock and brokers around the world hat it so much some platforms are still restricting the buy and sell of it. I think in this regard, GME is doomed. And so is this legal and financial system to boot. Profitism is a cancer that caused half of 2020 and 2021 problems (the other half by it shall not be named) If anything GME has lost a bit of money and we will see this trend continue as a financial tug of war happens between short hedgies and WSB yolo trades. It's such a clown show people.
NYSE:GMEShort
by Joshuakm
15
GME back to 300 or free fall to 150?Hate to say it but GME is at a crucial point at the moment... What I mean is that it could be a really good buying opportunity since its holding daily demand and the .382 fib support!...BUT if it happens to lose this support zone, we could see some serious price drop down to the next demand zone. Now as you know from my last post about AMC, I am currently shorting AMC and me + my followers have already made a killing in profits! There was a lot of defensive comments posted from the AMC wsb cult that I just laughed at as they continued to lose money since they want to "hOdL" a meme stock LOL! Fine by me keep loosing money but I would recommend to consider doing some good technical analysis and maybe have a set of trading rules to follow so you don't find yourself loosing a bunch of money holding a $5 worth meme stock for dear life! Make money on the upside and downside! With that being said, since GME is in a buy zone, I will be considering to go long if this zone can hold into tomorrow! If this ~195 support level can't hold, I will be looking to short! Happy Trading!
NYSE:GMELong
by stockmankam
Elliot Wave for GME. What to expect next? (numbers adjusted)After completing the Cup and Handle pattern fully, it looks to me as if we completed a full impulse wave 12345 with a ABC correction. This perception is also supported by the perfect fibonacci levels and filled the gap at 211 to 220 This suggests we are about to enter a new cycle. Since the Earnings report was incredibly bullish (25% sales growth, 49% earnings beat) and the surrounding news (new CEO from AMZN , new CFO from AMZN ) is all very bullish, I expect another impulse wave to begin. This would be wave III in the bigger cycle, the longest and most powerful one. We might have a flat correction in between first, but I don't expect too much downside. The next movement I expect a 1 wave retesting 300, but getting rejected, retracing to 230. Then we will see the long 3rd wave, achieving a new ATH , finally in the region over 770. Before I expected this to go between 600 and 800, so this is still very much in line. The numbers changed because of the wave II in the supercycle shifted the base slightly. The wave 4 correction will take us back down to the 600s before pushing for the wave 5 to over 1.3k. Important to note, that after this strong move upwards, it is possible that we will see a triangle wave or running flat correction first, with 3-5 weeks of sideways trading. This will not invalidate the idea. Also another step backwards below 211 will not invalidate this idea, just change the numbers slightly (hence why this repost with corrected numbers) *I consider this idea in danger if we drop below previous wave 1 which is around 180, or failed if we fall below the previous wave 2 which is 130.
NYSE:GMELong
by baumulrich
12
GME Breakout Day 11 - Sling Shot Maneuver Major Price action today, drop (with gap down) hitting a low of 211, and closing today at 220. After hours is up slightly to 230 which is pretty interesting. The thought is with the higher volume day at 22.7 million is that Gamestop sold all or most of the 5 million shares they announced they could sell yesterday. The last time GameStop completed selling 3.5 million shares in April the stock spiked. Even if Gamestop doesn't come out and say how much they sold the slight violation of the curved line trend is ok. It looks like a bounce, not a break. Especially if GME opens higher then the close today, which looks like will be the case. Further, it looks like GME has been cleared to be moved from the Russell 2000 to the Russell 1000, and all the shorts in that EFT related to GME will need to be bought back which is a pretty big deal and that date of EOD June 25 switchover date is fast approaching. TLDR Resolution of the multiple gap ups after 217(creating a gap down between 280 and 302) GME partially or fully sold 5 million shares. Means > Limited further selling pressure (need confirmation). Bounce off the Curved log trendline(pending confirmation tomorrow) GME moving from Russell 2000 to 1000(basically confirmed, just waiting on a press release) GME almost always drops after earnings, but the drop is limited and recovers well. Buckle in, because I think GME is ready to pull some G's.
NYSE:GMELong
by testmuffin13
8
GME Breakout Day 10 - Final TestAlright guys, confirmed amount of "normalized" voting shares released via the 8k is 55 million. Is this the number of shares that actually voted or is outstanding? NO. Gamestop cannot report a number higher then the issued share count. Based on the number of mostly foreign brokers that blocked voting and brokers that allowed voting and advised only a fraction voted, we can guarantee that that number is significantly higher then the reported 55 million in the 8k. And to be clear, Gamestop is told how many shares actually voted. I don't think they are allowed to ever directly release that information. What does this mean? Nothing has changed, the squeeze is still on. Overview: Here is the long range shot of where we stand. The After hours drop from 302 to 260 touched briefly the DEC 2020 straight line log trendline then bounced hard on 2.5 million AH volume. 260 was the price just 2 days ago. I have a high degree of confidence that bullish trend is very much intact as this drop occurred after hours. The only short term trend that was violated was the trend from June 7th which isn't a big deal. Expecting pre-market 9/10/21 positive as long as the trend from DEC 2020 remains intact as well as continued increases in OBV.
NYSE:GMELong
by testmuffin13
7
GME Breakout Day 10 - Throttle Up Flight CheckTomorrow is the the shareholder meeting Further tomorrow is 10 trading days from the initial spike from 180 to 210+ from May 25th The previous spikes were> January 13th we had the spike to 25 dollars~, then 10 trading days later we had the spike from 150 to 483 February 24th we had the spike from 38 to 80 dollars, then 10 trading days later we had the spike from 250~ to 351. June 9th is 10 trading days after May 25th. We have a much higher starting base, 180 as opposed to 6 dollars in January and 38 dollars in February. This means massive installed retail base, much of it is willing to hold to high amounts. Today was also the highest LOW ever for GME. the lowest recorded was 281 today. Even in January the swings were massive but the lows were lower than today. 3rd highest close ever, the only other 2 days were in January. I sit here trying to not confirm my bias too much but with the amount of tested unfilled gap ups in the last 10 days I think we will be in uncharted territory soon. Good luck, and hang in there.
NYSE:GMELong
by testmuffin13