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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.
NYSE:GMELong
by UnknownUnicorn28352024
Why So Serious Kenny?I have, myself, full confidence that if all do their duty, if nothing is neglected, and if the best arrangements are made, as they are being made, we shall prove ourselves once again able to defend our home Banana Planet, to ride out the storm of war, and to outlive the menace of tyranny Occupying Tendie Town. We are going to to Banana Planet based off of my unbiased opinion and technical analysis. Why? You may ask... Because I'm A Legend And I Like The Stock Thats Why. (This is not financial Advise)
NYSE:GMELong
by Captain_Cam
2
MOASS has just started. GMEThe mother of all short squeezes has just started and we think it will lead to a wave of liquidations, obliteration and bankruptcies of tradfi. We need to see the inefficient go before the new age can come into the foray. It looks like the short squeeze is ready to start from here it can happen before or after the crypto pump. BULL CASE Price goes to test the all time high after a short retest of 180. BEAR CASE Market makers tries to liquidate some more longs near the 120 level before the short squeeze begins.
NYSE:GMELong
by IkanBilisCapital
3
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 - Daily Chart - Long ScenarioTwo possible scenarios that if they should occur i plan to take long positions. Scenario 1 - Orange arrow Price moves against Support level (lowest blue line) Scenario 2 - Blue arrow Price moves against center Support level (middle blue line). Moves under it and reclaims it. Targets are the next big Resistance levels. Dont forget: - Watch your Risk management - DYOR (Do-Your-Own-Research) - This information / article is only for educational purporses and not a recommendation to buy or sell. I'm not a Financial Advisor. Thanks for reading! trader_se
NYSE:GMELong
by UnknownUnicorn1541497
8
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
Predicting Elliot Wave and Fibonacci for the next WaveAfter 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. 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. 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 240-260. Then we will see the long 3rd wave, achieving a new ATH, finally in the region of 620. Before I expected this to go between 600 and 800, so this is a fairly conservative estimation. The wave 4 correction will take us back down to the 400s before pushing for the wave 5 to over 1k. Important to note, that after this strong move upwards, 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 232 will not invalidate the idea, just change the numbers slightly. I consider this idea failed if we drop below previous wave 1 which is around 180.
NYSE:GMELong
by baumulrich
2
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