GME Everything Is pointing towards ANOTHER RUN ! Bullish !Not Financial Advice
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Technical Analysis :
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First looking solely at the TA , considering the ticker cyclical behavior everything shows that it should shoot up anytime.
Ascending Triangle inside the "Golden Triangle"
MACD/RSI are showing the same clear signals as before precedent runs.
Not shown on the graph, but IV is also at the same value as before JAN 2021 Run.
Now I believe more volume is required to beat the downward pressure from Bears Hedge Funds.
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Run down of possible Catalysts :
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Earnings
Now we're in this dynamic right before earnings , with the cyclical behavior in mind, it only adds to the bullish case.
Video game industry sales are extremely seasonal. and Nov , Dec are by a large margin the best months for the whole industry.
Adding to that that Gamestop sells much more PC hardware, clothes, phones... And is the process of shifting to an e-commerce model. It is plausible in my opinion that they will crush this quarter.
One of the sources : www.statista.com
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SEC Report :
During June earnings meating Gamestop board anounced they were in talkings with SEC.
SEC issued a report that's overall pretty bullish from SEC, basically stating that Shorts are trapped in this case.
Source : www.sec.gov
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My personnal belief as I said is that volume is required to back the bullish case.
With FTDs rolling for Shorts we could also see a fabricated upward momentum.
We can also believe it will go to 200 then back before 170 before another run early November. In case volume is as dry as it has been lately.
Honestly no precise price target in case it shoots up, just up.
Moass
AMC's 3rd Squeeze PredictionAMC has been prepping for it's next squeeze for almost 5 months now. Short Interests is at all time highs meaning shorts have not covered and the technicals show bullish momentum starting to build up once again.
Some indicators that suggest the next squeeze is starting.. low volatility, low volume (increasing now), high short interest, pennant close to breaking out, and previous trend analysis.
My price target is taken from AMC's Speed Trendline & Fib Retracement levels which suggest the next squeeze will peak end of November at around the $150 area
Low/High Weekly Price Targets:
October 22 - $38/$48
October 29 - $42/$62
November 5 - $52/$80
November 12 - $73/$88
November 19 - $87/$104
November 26 - $96/$150
BIG NEWS ApeArmy!! It's YUUUUUUGE!
As usual, this is not financial advice. Do you own due diligence. This is just what I see forming.
An ABC correction is forming that, if it proceeds to develop as I see, will constitute the first leg of a Motive Wave.
This correction will need to break through the descending resistance (blue) and add 100% of the A-leg. This will form the 1-leg peak (~$252). If it does that and rejects the (now) descending support as a 50% retracement (~$199) retest, that retracement coincides with the 618-level which sets GME up for a textbook Elliott Motive Wave.
This is SUPERCALIFRAGILISTICLY bullish.
As this is developing on the DAILY, do not expect this to happen overnight. However, that retest 618 retracement still needs to exceed the 1-leg peak to provide confirmation.
The cautious take: wait until the price closes above the 1-leg peak before entering.
The conservative take: wait for TWO closes above.
The aggressive take: enter after the bounce BUT above the A-leg peak ($231.44). Importantly, you should expect a quick pullback before advancing again (see ME.)
ME: Already committed, I'm looking for a 123-wave stopping short of the 1-leg peak. I'm looking for ANOTHER 618-level retracement owing to the fractal nature of Elliott Waves. That would set up a sub-wave to map out the entire 3-leg.
I'm very, VERY excited about this development. **IF** everything progresses according to theory, we could be looking at a $370+ for the 3-leg peak and a $480-ish for the 5-leg. (My money's on $460-ish.)
The Euphoric take: Is this it? The MOAM (Mother of all Motives)? The MOASS? I dunno, but given what's happened in the past during run-ups ... Hoooooooooo-boy, I'm not gonna risk missing this rollercoaster.
SideNote: If this is the squeeze, we will likely see an extension of the 3 & 5 legs. What does this mean? It's the 3-phase runup. What does it look like? See what you can expect with my $SHIBUSD chart.
Trade smart. Trade Safe. PROFIT!
Living in the pastIf we're comparing how close the Jan to Mar chart is to the most recent pop and settling.
For those apes that love to see these types of charts so they can time the MOASS.
For those HFs who know the end is nigh.
If history rhymes then the next MOASS will hit $260
20.35 high in 1/2021
72.62 high in 6/2021
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equals 3.568x
72.62 x 3.568 = 259.1
ALL UPTRENDS + BULL PENDANTAny DD at this point would be a waste of time as you all mostly know by now the stock is being manipulated heavily by naked shorts. That being said were just looking at the chart for a time and price estimate. As you can see most of the uptrends are all looking in the same direction. Theyre all looking at around the $500 + price mark at around the end of October or beginning of December. To me this seems reasonable. It may correlate well with banks needing 1 trillion by the first of October. To me the worst case scenarios is it dipping slightly before launching. As always, I do this for fun and make a pretty decent living out of it but I am not an advisor. I DO NOT TRADE this stock, I ONLY BUY AND HODL. Most of the stock market is risky for me at the moment and I feel GME is a safe haven for my funds.
Thats all. have a nice day!
God Bless
Massive GME Bull PennantThis huge Bull Pennant for GME is coming to a head in 4 weeks. First major resistance level on the weekly chart is at $231.41. Breaking this level means smooth sailing all the way to $348.50 and also breaking the upper bound of the large wedge. Past that resistance level means clear skies to all time high territory, as well as a definitive breakout of the bull pennant.
AMC Update: What to expect in the next 1-2 Wk's 9/13This Chart has been a work in progress but let me tell you, the process has been great.
Price has hit Pt's but now we begin to get close to the Squeeze.
We have hit a very important line of Resistance (LoR). 52.06 was a LoR that I see started back in the symmetrical triangle that was prevalent when price wanted to touch the Upper or Lowe lines of the symmetrical triangle.
Now that we are back at the low of that range, I believe we are going to see a lot of volatility in/near this range (Red Box)
Inside the range of the Red Box, I have 2 other ranges that I believe are significant Reversal or Continuation areas but Ultimately, we should be seeing Volatility and Upward momentum in/near the bigger range.
The way I see for the immediate short term to play-out is reversal's to the downside at ranges 1 or 3 to the Green line Labeled "2. Green Line". Once we see this range, for us to begin a healthy trend to the upside we need to see a bounce to the upside off that green line. For us to break 2. and assume we are going to the upside still, we would need to fall under the green line directly into a pattern (We wont know from the day that we break the green line to the downside that we will reverse to the upside until a few days plays out for the pattern to form itself) So if we do break the green line when we come back down to re test it to the downside give a few days for the market to do its thing and find entrance opportunities in the case that w do form a pattern.
If we do bounce to the Upside off the retrace to the green line, The best case scenario for us would be a test and breakout above the 52.04 orange dotted line which will send us on a Price Target Path of range 72.92-75.22. How we play-out after the breakout of 52.04 will give us a little more insight on how long it will take and what move we should be expecting to get to that range in the early to mid 70's
NOTE THIS: I stress this LoR soo much because it was the W pattern that we broke out of between the 9th and 10th of September. This is a strong resistance point so anytime price crosses it, many strong moves can take place (Reversal/Continuation with heavy momentum, Dump-Worst Case Scenario, Pattern Beginning- My Personal belief upon crossing the LoR.
Below is the Prediction I made for AMC at the Purple Resistance Line on the 2 Hr Tf.
Happy Trading and remember!
Scared money don't make no money (;
GME WEEKLY , End of the downtrend?For comments to this chart, please look for r/Superstonk on Reddit.
When Media tells you "where to find information" they just directing you where they want you to go.
WallStreetBets » 10 Million Followers - AT the time of writing: 24k Followers Online.
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Holding 95% of my position forever, for the infinite pool. 5% I will sell, pos-MOASS.
Well done GameStop for 25% growth on Sales, f*** what MSM has to say.
If GME's trends could talk [REPOSTED]Good morning Apes! This is a slightly retouched version of my last GME post. I noticed one trend line was slightly off and I corrected that mistake. As you can see since the first upbreak in January GME has been looking straight at the $500-ish area. I would guess, after every trend line confirming, that $500-ish is the price point that needs to be passed for MOASS. If not, that's still the area it wants to be in. NYSE:GME
For entertainment purposes only. Do your own research. NYSE:GME
God Bless
AMC Wed Update: RetraceSo yesterday we saw a close breakout on the Technical Analysis. Unfortunately did not play to plan.
What I do believe though is that we could see a bounce off of the 41.98 resistance line OR the Neckline to the M pattern seen on Monday (Blue Dotted line). With the direction going lower, let's remember that we are more than likely re tracing to a previous resistance forming a new higher low and to continue. Not entirely DOWN trending to new lower numbers.
I believe we haven't changed directions and are still retracing. But, based off the T.A., does anyone else think we are near the bottom of the retracement, or Consolidating in a range (If we were to I'd say consolidation in the range of 48.12 and 41.98)
Retracements are very important and if seen and understood properly, They can be a great buy signal at the bottom of the retrace as-well. Wheres the bottom? MACD
My Thoughts are a bottom near the 41.98 and a green week next week.
Happy Trading everyone and remember... don't sell w/ Hedge funds!! The shares you sell ARE the shares they use to short. The less shares they have the better it is for us!
Side Note: I don't want to hype anyone up, but I truly think we could see the squeeze starting this new beautiful month of September.
AMC Pattern Update for the week and maybe even nextQuick little update for this week.
Wednesday morning should be good.
In the case we don't go back down to the downside. We should see a re-test of 46.88 and a bounce to the upside off that. In the case we do go below the resistance (46.88) to the downside, The bottom to that trend should be in the range of 46.08 to 45.31.
IF we drop below resistance, what I believe we could see happening is a lot of volatility and consolidation for the week and into the next week as-well.
Side Note: Im still very bullish for the week and even next week but once we hit price targets referenced in my first AMC post linked below. We will see red days in a reteracement towards previous resistances which will be posted here once we get there.
We are doing absolutely amazing everyone.
Happy trading and remember, don't sell w/ the Hedge funds!!!
Edit: The green dotted line is the resistance at 46.88. Referenced because that's the re-test line mentioned above.
Short Term AMC Update: Are we Breaking 50 this week?Short term price movement should give us a test at 46.79 and then a break out to 53.76. Then, Retrace + Consolidation to 52.12. Finally, we wait and see what the chart tells us what the following moves could be.
Side Note: Still believing in the long term approach to my AMC Prediction.
This post is a day to day break down on the 30 min.
Short Term AMC Update: Are we breaking 50.00 this week?Short term price movement should give us a test at 46.79 and then a break out to 53.76. Then, Retrace + Consolidation to 52.12. Finally, we wait and see what the chart tells us what the following moves could be.
Side Note: Still believing in the long term approach to my AMC Prediction.
This post is a day to day break down on the 30 min.
AMC PredictionKeeping it short and simple. Called the 48.20 Top and based on the T.A. next hit is 56.95 and then a best case scenario retrace down to 52.07. After that were looking at a tap between 73-75.27 and retrace no lower than 57.
My Prediction for the tap before flight is 117.65.
The charts there, take a look.
Happy trading and HODL at all cost's. Don't help the Hedge Funds by selling w/ them.
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.
A new way to look at $GME (Gainzstonk)This may be a stretch but in theory it could work. What if we're still on the 2nd wave of this macro 5th wave cycle? What if the moves from 140-340 were just a complex elliot wave pattern inside of the true big boy one? Just a thot. If this ends up being true we could see a move past the ATH of 483 and then one more corrective wave before the big daddy 5th wave to end it all. Worth considering. GME to the moon baby!!!
AMC - [BEARISH]- Death Cross!For anyone who is unsure what is going on with AMC, I created this chart to help people better get a grasp on it. AMC is currently in the phase following a Death Cross [50 Day MA crosses below 200 Day MA) and where Volume has depleted. So it is currently dead in the waters. Until Volume starts picking up and we get a Golden Cross , there's not much to see here. However, if we get a Golden Cross and we see a Volume spike again, then it's time to start paying attention again. Until then, look elsewhere. Nothing to see here.