GME trade ideas
$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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(UPDATED)Revisiting my prior theory on creation of FTDs thru TTTInstead of explaining why I believe GameStop still has immense value, I am just going to make an update to my previous 3 posts on creation of “Failure to Delivers” through SWAPs and the short ETF, “TTT.”
Please check out my other posts if this type of stuff interests you, it is brand new information that just hasn’t been picked up by anyone yet, the correlation between TTT & GME is blatantly painful to look at, considering the amount of people who ignore it.
I strongly believe TTT is being manipulated to then also manipulate GME..
We’ve watched GME follow closer to SPY on intraday trading than apple, Microsoft, or even amazon!! WHY?! Crime is the answer… algorithms.. liquidity grabs.. it’s all one big game in which we will end up victorious this time.
Now.. for the reason you are all here.. looking at the updated chart above, you can clearly see that TTT has been going straight parabolic ever since we’ve dipped from over the 40’s.. interesting right?? Around when Mayo Man moved over half a billion dollars for “strategic setups.”
BS… my real opinion is the price has been even faker than it has ever been since August 8th. I believe this could potentially be the end game short ladder attack..
Mark my words..
Educate yourselves with my ideas on all of my other posts.. it’s okay if you disagree.
DRS
TO THE FKN MOOOOOOOOOOOOON
NOT FINANCIAL ADVICE
IM NOT SELLING
Leave the Ponzi!Friendly reminder to sell before GME is crashing for real.
For the people that keep holding this, i hope you only invested what you can afford to loose.
Reasons for it to fail are in the linked Ideas.
It held up for a long time but i believe it is time for it to crash next month under the current FED policy.
GME is a Ponzi.
DYOR, this is no recommendation to short it either.
GME: T+69 is Back! Huge Upside! Hello everyone,
Welcome back to yet another technical analysis. T+69 has only failed once and that was Friday, Jan 7th, 2022 and all the other times it was successful. Although I considered it a failure, we still saw huge volatility that day with a high of $40.08 ($160.32 pre-split) and a low of $33.13 ($132.48 pre-split). This cycle, historically, has been the most accurate and it looks like we're heading into another 69 baby! Are we going to see similar events to Jan 7th or are we going to see a huge upside the week of Oct 10th - 14th?
Let's take a trip down memory lane and look at the last T+69s:
After the events that unfolded on June 8th, 2021,
Friday, Aug 19th-Aug 24th 2021: +50.55%
Friday, Oct 29th - Nov 3rd 2021: +43.65%
Friday, Jan 7th, 2022: (Depending on how you look at it) -17.35%
Thurs, Mar 17th, 2022: (The week of RC and friends buy-in) +157.04%
Weds, May 25th - May 26th, 2022: +71.23%
Tues, Aug 2nd - Aug 8th, 2022: +49.22%
Mon, Oct 10th - Oct 11th, 2022: ???
Analysis
On the daily, it looks like we're heading into a death cross. The question is will this be another successful one or are we going to test it? Tiny gap to fill at around $25.42 and if we happen to fall we should see us filling another gap at $22.44 (visible on the hourly) and another fall below results in us touching a potential double bottom at $19.50. If successful, should we break the above resistance, we should see filling the gap at $37.30 and $40.27 and the off chance finally closing the gap that was left at $73.
As always, not financial or sexual advice. I eat crayons for breakfast and can't read.
Gamestop to breakdown from a descending triangle.GameStop - Intraday - We look to Sell a break of 23.28 (stop at 24.72)
Daily signals are bearish.
Price continues to trade within the triangle formation.
The bias is to break to the downside.
Support is located at 19.50 and should stem dips to this area.
Our outlook is bearish.
Our profit targets will be 19.66 and 18.66
Resistance: 27.00 / 28.00 / 30.00
Support: 24.00 / 23.50 / 22.00
Disclaimer – Saxo Bank Group.
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