Fib Circles show GME at $80!Been playing around with Fib circles on GME and if you mirror it to the original run, it'll knock at previous highs then come back to retest the top of the channel.
$80 by January then back to $30 range in spring-summer 2023.
Then MOASS end of 2023-2024.
Of course, it's a new tool I'm playing around with, but I personally will be considering selling at this range and waiting to see if it consolidates.
Let me know your thoughts
GME trade ideas
15 min Double top!!!We can see the Confirmation of a 15 min Double top this morning when looking at Gamestop. Also the Relative Strength Index is weighing heavily on the overbought side With the moving average convergence divergence also looking to cross downward. Possible small 2 to 3 dollar dip in the next coming day or days before it starts to make another run back up leading into the last Quadruple witching for the year which will take place on Dec 17, I think we should see GME at new quarterly high about 2 weeks prior to witching and then will fade back off until next quarter in 2023.
GME LONG IDEA Markets look like they recovering not fully convinved looking
that being said this the hot take on GME
if price breaks those orange levels i see a good clean 34% yield as there is no significant
resistance ahead (also could be perceived as a double bottom)
still marked out the levels just in case it rejects the orange the exclamation mark
heeds warning targets (how deep its grave is going)
or potential short tp's
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$GME rare opportunity 👁🗨
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Here @SimplyShowMeTheMoney we strive to educate our traders on the importance of being able to recognize rare occurrences in the market structure on a chart. Today GameStop $GME presented us with a rare opportunity in its structure that my team simply could not ignore. We watched $GME open at 12% and shoot up to around 20% before retracing all gains back down to the negative 1 hour before the final bell. This comes as we enter a busy earnings week with a 2-day fed meeting that begins tomorrow and numerous data reports that could ultimately dictate the direction of the feds and the market.
$GME is no stranger to making headlines. With midterm elections right around the corner we wouldn't be surprised if $GME made a ridiculous move in either direction.
My team was able to secure shares of $GME at $28 while it was red this afternoon. We have an automatic stop loss set at $27 due to the obvious risk factors associated with $GME.
Entry: $28
Stop loss: $27
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WATCH GME AND THE MEME STOCKSHere's my GME chart. Election week has potential to explode.
If you can, a nice buy zone is forming right under $26. I'd say the max upside is $64, but momentum could carry it higher. I'd still recommending exiting at $64 if it were to get that high (unlikely scenario)
Realistically, $25 to $31 seems to be a nice trade window, with the potential to trade the extra upside if it were to keep going.
stop is around $21
I feel this movement will be quick when it happens.
$GME - Nov 1 Single Day RunThe first Tuesday after monthly options expire there will be some price movement for the entire market due to option T+1 and Share T+2 settlement from Friday's monthly expiries. As always, this will probably be a single day event.
There's a possible downside of $19-21 before anything, or this may be the bottom, up to you to decide. I only know that there will be movement on Nov 1, no idea what happens before or after that. I don't know if this is the correct buy in area, i only know the price goes up on Nov 1. If i knew what happens beforehand i'd be rich.
I'm more confident in the 1'st of Nov than i am for Nov 22.
GME bearish pennantWhat we can see in the chart is a bearish pennant pattern. We are expecting that the formation will break to the downside as the trend overall remains bearish.
Volume has been decreasing.
The price is getting rejected from the resistance line.
Entry price, stop loss and target are shown in the chart.
SHORTSQUEEZEVEMBER or #eattherichSHORTSQUEEZEVEMBER or #eattherich
Have GME on here with some highly shorted stonks
1. He who controls the memes controls the Universe...
2. Elon buys Twitter
3. Doge pamps
4. BTC.D tanks
5. Alt season starts
6. Crypto shorts get squeezed
7. GME shorts become need liquidity
8. Dollar crashes
9. Tesla goes to moon
10. ATHS on indices
YW
GRI 2022
NOT TARDING ADVICE
GME: Dip buying offers good risk/rewardGME
Intraday - We look to Buy at 25.18 (stop at 20.18)
The primary trend remains bearish. Price action looks to be forming a bottom, with higher lows being posted. The previous day's rally has been sold into. Dips continue to attract buyers. Risk/reward favours buying a dip with a stop below last week's low.
Our profit targets will be 45.18 and 50.00
Resistance: 35.00 / 45.50 / 50.00
Support: 23.50 / 19.55 / 15.00
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