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GME trade ideas

GME gap fillingGME didn't moon (from previous post), clearly. Really bad option chain setup for any real runs still. IV looking tragic still, but we all know the market will be taking that 2nd leg down soon so I can't see GME going up in the near term. GME is super illiquid still. Market is taking a turn down finally. My target is $17.5. Current I have ITM CCs between 17.5 - 20, looking to exit when they go OTM or before 5/15. Finally, hoping we see a pump into next earnings after this dip. Use the time to collect some additional capital from CCs, CSPs at bottom, etc.
NYSE:GMEShort
by spearmintys
1
$GME Gartley/ Cypher variation and daily inside bar off 618 $GME I will be watching for daily Inside bar break high off 618, It would offer a low risk long w stop against low of mother bar (previous candle), aim top of pattern if this set up triggers, take some off at 1-1 and move stop and more off at 1-2 RR per Ib set up rules, (different set up the Hp's) I prefer to wait for 786& 1.272 ext, this set up lacks solid structure so I would consider .50% to 1% max risk. Always wait for candle confirmation at trigger levels. Remember the Gartley has 3 triggers, 786 often lines up with 1.272 & does in this case but watch the ABCD/Lightning level as wel, highlighted below the 786 fib. Tp 1 stop is even always & take some off please, aim 2 & 3 next. Stop below X, always.. Leave some room imo, always watch for reclaim of pattern with a pin bar. Let me know if this chart helps your $GME analysis, please share your ideas for $GME in the comments. Also with any of my plays, if indices tank the hit rate will plummet, act accordingly please.. No all in:( , trading is a business.. ***Gartley's (main) and Cypher's trigger are both 786, so the dual pattern is just to explain I see both here, doesn't add any confluence imo...
NYSE:GMELong
by FrancesMarie
21
GME 4hr - BB SqueezingWhen Bollinger Bands® (Yellow lines) are far apart, volatility is high. When they are close together, it is low. A Squeeze is triggered when volatility reaches a six-month low and is identified when Bollinger Bands® reach a six-month minimum distance apart. (www.investopedia.com) Morningstar data is currently estimating NYSE:GME fair value at $48.42 Zacks' proprietary data indicates that GameStop Corp. is currently rated as a Zacks Rank 2 and we are expecting an above average return from the GME shares relative to the market in the next few months. In addition, GameStop Corp. has a VGM Score of A (this is a weighted average of the individual Style Scores which allow you to focus on the stocks that best fit your personal trading style). Valuation metrics show that GameStop Corp. may be undervalued. Its Value Score of B indicates it would be a good pick for value investors. The financial health and growth prospects of GME, demonstrate its potential to outperform the market. It currently has a Growth Score of A. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of B. (www.zacks.com) GameStop has been cash flow positive for the last two quarters and delivered an average earnings surprise of 37.29% in the trailing four quarters. GameStop Director Larry Cheng, who is paid in shares and does not receive a cash salary, used his own money to acquire 5,000 additional shares of the company's stock at market price. (www.thestreet.com) A breakout from the BB squeeze to the upside ( HKEX:27 ) with high volume like on March 22nd may create a perfect cup & handle indicating another possible breakout to the upside ($32.80) Not advice, only my opinion. Do your own due diligence.
NYSE:GMELong
by vanzylik
GME 4 HOUR UPDATE ( TECHNICAL )For more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial. Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
NYSE:GMELong
by traderchamp_
GME Long IdeaJust my guess what will happen with gme. we will see a downtrend to maybe 15$ when we dont hold the 20$. Then we get a 3rd bottom at 15$ wich means we are ready for a breakout and with good news on earnings in june we can go to 28$. After that i guess we will trade in a channel between 23.90$ and 28$, in this time we set again hopefully bottoms in the 24$ area. with good news september earnings we can breakout to 35$ or maybe higher, depents on news and earnings result. Than its very likely that we see the 28$ again or at least we trade in the 28-35$ channel. And hopefully we can than launch to 48$ again. On the monthly timeframe we can see that the MACD is 4-5 months away from crossing again into the positive site. Thats also very bullish . I holding $GME since January 2021 and thats just my guess without big big news like RC buying huge again or a huge cooperation. With this Art its like a mini game, just for fun and maybe it will go as i say or we go further :) Have a great day all! -Vaentix
NYSE:GMELong
by vaentix
1
GME moon soon? v2Follow up to: Like I said, breakout looks decent. We are testing the top part of the wedge, today is T+2 from our huge volume day, 3/22, but could extend deliverables till Monday. Looking to see options close today and have T+2 settlement (Tues-Wed PM) cause another pump. Additional thing here in this chart is the CV VWAP Indicator. Taken from an old script I found on TV that was broken. Author: Adapted from: Detecting the great short squeeze on Volkswagen, Godfrey, K. (2016, February 18). Shows some interesting leading indicator prior to GME's Jan 2021 squart. We have not seen movements of this magnitude since then. As you can see the indicator generally stays within the -50 to 50 rage, but we were magnitudes larger on 3/22/2023, similar to 1/25/2021. There are some other notable moments such as 3/23/2022, where we just ran up, then the indicator spiked, then we ran up again through T+2+2. No guarantees but... - EPS was positive on earnings - still no 10-K from GME (why?) - Liquidity still extremely low - 66m volume day I have calls :)
NYSE:GME
by spearmintys
2
GAMESTOP Is today's jump enough to stop the bearish trend?GameStop (GME) has had a huge price opening jump today that hit the 1D MA200 (orange trend-line) for the first time since October 31 2022. That pump was short-lived and the price quickly resumed the bearish trend within the Channel Down pattern that it has been trading in since November 03 2021. Basically the stock has been inside a multi-year correction since the January 28 2021 historic high. So is today's rebound enough to stop this bearish trend. The answer from a technical perspective is easy: no unless the price breaks above the previous Lower High of the Channel Down, which is considerably higher at $48.00. Not to mention the the 1D RSI broke above the 70.00 overbought barrier, and this has been a major sell signal inside this +2 year Channel Down. The most it has risen these 2 years is +157.50% but that was when the RSI was already overbought. GME is a dangerous buy on the current levels. Either wait for a price closer to the Channel's bottom or above 48.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:GME
by TradingShot
GameStop (GME) hitting macro technical range In this video I go trough some very very generalised/simplified overview of GameStop financials and the stock chart. I'm taking note of things that look good and things that don't from my personal perspective (hey! everyone has their own opinion). As you have both going on but overall at this present moment while information doesn't change significantly I could say I'm very bearish on this stock but in the short term there likely a possible corrective move to get everyone hyped. Tune in for the video for some entertainment and my general market comment on this stock.
NYSE:GME
by D7R
3
$GME - UpdateFor those overoptimistic about yesterday's post market news on $GME, I've brought you a sobering chart today. I count at least 4 attempted breakouts above the elephant in the room, that downward sloping yellow trend line, which has been neatly respected by the price. None of these attempts resulted in a long term break of structure. Does that mean the line won't break? The price is trading against a long term resistance area in this market, that has been rendered support, after the infamous happenings back in the beginning of 2021. Right below that threshold lies the humble demand area from where that gargantuan bullish candle exploded in January 2021. What does this mean? Although different timeframes, different strategies allow for virtually limitless ways to make money in the markets ... Being bearish here won't make your pursuit easy. What then? For the bulls out there ... how about waiting for a confirmed close above this trendline ... in this timeframe? Cheers Tenacious Tribe - Back Tested Trading Strategies & Quantitative Studies
NYSE:GMELong
by ruben_rodrigues
$GME: Bullish Deep Gartley Trade Idea Remains ValidEarlier, GME hit the Stoploss level of the Previous Chart Idea, but it did not make a new low and has since gone back to the 0.886 PCZ level and is making a Second Level of MACD Bullish Divergence as a result. Due to these factors I think that this Bullish trade Idea is still alive and upon zooming out I can see that this could be a more Macro Double Bottom that could set us up for a Bullish Dragon Breakout in the coming weeks. If we break above the trend line we could see a rally to the 0.618 retracement, which would be a doubling of the current price.
NYSE:GMELong
by RizeSenpai
GME Headed for Double Bottom Reversal as Market SlidesRegardless of what /r/Superstonk says, GME is headed for a Technical Double Bottom, which will lead to a "go-up". There's a bunch of other factors (go read what Superstonk has to say) that are probably going to make this stock rocket, but technically it should go up at this point. We may see it play up to nearly 30$ by the end of May. At this price point of about 15, you can double your money in two months. Keep an eye on it. I personally just bought in I'm so confident.
NYSE:GMELong
by tankingtomawar