The Technicals Behind GameStop #4In this idea we are looking at the price of the GameStop stock. Just like in the previous trading ideas, we are going to focus on momentum and breakouts (because that's what we are looking for). It's pretty hard to apply technicals on this stock because we are moving along with emotions and irrationality.
Nontheless, we can see the price moving above the MA50 & MA200 with an upcoming Golden Cross. The last time we saw a Golden Cross appearing on the 15m chart was before the previous breakout at the end of february.
I'm expecting a similar reaction from the buyers within the next days.
We can also see a Divergence which basically tells us that the buyers were present at the market while the price was moving down.
This is a great indication of who is "stronger" and will actually takeover the trend.
Let's see what happens here.
A possible scenario from my side:
Entry: 180.00
Stop Loss: 140.00
Take Profit: 280.00
Cheers,
Ares
_
Disclaimer: I am not a financial advisor. Everything I share in this channel is how i trade personally. This is a simplistic approach to educate you in using technical analysis on financial markets.
Wallstreetbets
All outcomes lead to the moonDon't take this chart too seriously, if at all. I am predicting a few ups and downs for GME over the next month while WS funds slowly sell out of their short positions; I do think that at once they believe the pot has cooled down they'll unload a few more than 'usual' causing another pop.
Then again, GME betters like me usually eat crayons so take the above with a grain of salt; it is not financial advise.
CITRON is giving a GREAT LONG opportunity with $ROOTCitron following swing trading strategy idea
Root, Inc. provides insurance products and services in the United States.
The share price is rising and gonna continue this trend today after the new Citron report publishing. The stock has very much short float and insiders purchases near prices much higher than current.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $13,22;
take-profit — $17,18;
stop-loss — 11,90.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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GME Gamestop Bullish once again???If you missed my last GME Gamestop post that perfectly touched the target:
Then you should know that you can find $315 option calls for GME Gamestop for March 26.
Do you think GME still has the fuel for another bull run??
I`m looking forward for your opinion.
Meanwhile, if you are also interested to test some amazing BUY and SELL INDICATORS that i use, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
$MRKRSaw this call on wallstreetbets yesterday and it looks like a very interesting call. Read more here: www.reddit.com
Summary for TLDR: Their CEO guys bought a ton of stocks recently and they are into experimental cancer drugs. So maybe there is something on the horizon. If you zoom out on the monthly it has an obscene dilution similar to VISL. Go apes go.
GME short term bearish // mid + long term BULLISH 🚀🚀🚀 [HODL]TECHNICALS
Currently consolidating similarly to what happened beginning of March (which then saw a nice move to the upside) - could be considered a fractal pattern.
Volume falling, meaning potential reversal incoming.
Stochastic + MACD indicators showing BEARISH on 1hr chart, but soon to be oversold/reverse.
SUPPORT LEVELS
176
157 (lowest level I expect it to go down to)
116
85
FUNDAMENTALS
Quadruple witching on Friday 19th MAR
Earnings report on Tuesday 23rd MAR
NOTES
It needs some rocket fuel because right now volume is stagnant in general, hence the bearish movement. But I think fundamentals will give it that boost it needs - I will be hodling regardless.
Would like to see us touch a 1st major milestone of $508+ by early April, though not worried if it doesn't as this has long term prospect with the likes of Ryan Cohen at the helm.
Have been holding since mid January, and will continue to do so.
$VISL to 500kIf I wasn't a mongoose I would research how this set up was even made possible with so many stock dilutions by this company. Regardless... just imagine for a minute a world where the bulls turn this market completely upside down and short squeeze billions of dollars out of dumb money. One prime candidate is VISL, according to the charts it could spike back up to 500k??? Probably not likely but its worth buying a couple dollars... or if you're a sick person load up on some options.
GOOD LUCK.
short term bearish, but still confidently BULLISH long 🚀🚀🚀TECHNICALS
Elliot Wave Theory Fractals look consistent so far
Volume is rising since mid-January, meaning continuation (better seen on the 1D chart)
Stochastic + MACD indicators showing BEARISH on 1hr chart, but BULLISH on 2hr/3hr/4hr timeframes.
SUPPORT LEVELS
176
157 (lowest level I expect it to go down to)
116
85
FUNDAMENTALS
Quadruple witching on Friday 19th MAR
Earnings report on Tuesday 23rd MAR
NOTES
It needs some rocket fuel because right now volume is stagnant in general, hence the bearish movement. But I think fundamentals will give that the boost it needs, so I'm not worried and will be hodling .
General belief is at some point * it will reach the pink 'X' at approx $1100-1200
*don't want to put a timescale on it and create false hope/paperhands
$TRX: Road to Redemption or Plot to Steal All My Money?If you all knew how much money I've lost on reckless TRX moves over the years you would be ashamed. But like any good Mongoose I just don't learn my lesson until I bite the head completely off of the snake. If this thing takes off there is plenty of room for profits. Let's give it a go shall we? Oh and if you're reading this Justin Sun, you suck.
Warnings: If BTC continues on a tear TRX is almost aways guaranteed to plummet. So if we see another bull run we could see 75 sat and lower range. Also, this coin is cursed so good luck.
OMGEURShort term - 5.7
Medium term - 12 (if btc bullish trend is still intact
Cup and handle pattern