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GAMESTOP CORPGAMESTOP CORPGAMESTOP CORP

GAMESTOP CORP

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GS2C trade ideas

GME - Bearish outlook.GME had its day in the sun, im nothing but certain that that entire escapade was institutional orderflow and capitulation on the back of retail hype. smart move! Current structure looks bearish on the HTF's, M showing possible failed swing pattern in play, with an unmitigated BISI residing below current ITL formed after the sharp reversal in May '24. (that, may i add, swept buyside liquidity of pretty much the entire past 3 year bear trend!). On a HTF basis, im anticipating price to run the unmitigated BISI by the close of the year, i could be wrong and we could see liquidity tapped below/inside current internal range liquidity and then price move into consolidation, but, eventually finding its way lower to the M FVG residing below. Happy trading!
NYSE:GMEShort
by TuataraW20
3
$GME - Another oneHi guys, Seeing a ton of short covering in the last 2-3 weeks for GME in my data. What i expect to happen: To keep things simple, i estimate that there will be about 30 days of $22-27 on GME, more likely on the lower end of those prices, then a 11% price increase around early early to mid march, a small drop from profit taking and possibly another 12% price pump mid-end March. The reasonable thing to do is to wait for you guys to drop it to $22-$23 range before buying in. imgur.com The trade: Not entirely sure from where the +11% pump will start, it could be from 22, 25 or even 27. Due to that i'm buying at $25 call expiring in around 45 days from today and then another one once you drop it to $22 ish. Basically ATM calls expiring before GME earnings as that seems to be the timeframe for what i see in my data. Will update this if the data changes excessively due to strange and excessive buying/selling caused by this post that may skew this play. Other: My AI training on this is still in progress. Will announce my website that uses my strategy on trading GME and a lot of other tickers soon.
NYSE:GMELong
by leenixusu
4
GME - MOASS Still applicable This is not a financial advice, this just testing my code that I have developed… Company has more than 4.5B $ in cash and its business have value today and in the future , with no bad news yesterday it went to from 32$ to 27.9$ !! That’s mean the short squeeze has something hidden and more than what we expect. The code that I am testing did not gives a sell value until today…. So let us watch what will happen for this stock in the coming days. Note: The shorts squeeze always need more stocks with less value !! Good luck.
NYSE:GMELong
by sharbi68790
I can't believe I'm doing this - Long GME at 27.47I feel icky and dirty doing this because I hate everything about meme stocks. But the truth is, it is the best chart available right now. Everything else that is on sale according to my algo either has a chart that looks like the inside of a dirty diaper, has too little liquidity, or it's in an area I'm already exposed / overexposed to (shipping is on sale across the board). I can't remember a time when so little of any quality has been on sale. It makes me a little worried, actually. I'd have used NYSE:FRO for this idea, but I feel like it's a conflict of interest since I'm already in it (I have been for a while) and I am SOLIDLY in the red on it. That said, if meme stocks aren't your thing and you think oil is gonna rally any time soon, it's currently paying an 11% dividend for you to wait for it to turn around. Tankers are notorious for frequent, large and unexpected dividend cuts, so buyer beware on that. Anyway, back to the meme stock that started it all. It's been on a typically ridiculous bull run, going from 20 to 34 in 2 months for absolutely no good reason. Now, it's pulling back and all the NYSE:GME fanboys are wailing and gnashing their teeth and giving up hope, which is usually a bullish indicator in and of itself for a short term rally. They all start buying puts and then get squeezed out when it turns around. Besides its uptrend, it did respect support from the most recent Dec 3 low and formed a hammer candle, both bullish signs. But in the end it's a meme stock and meme stocks can do just about anything any time. Unless Roaring Kitty dies or gets arrested, a huge nonsensical pop in this one is always possible, too. Historically, my algo has been just as good on this stock as others (728-4 the 4 being in this past week so far), though it doesn't pay off as well as you'd expect, but I just hate it so much that it's hard for me to trade - especially right after a 75% run up. Up until the recent correction/fanboy panic, it had actually been producing really good, fast paying trade signals this year. It's been on my algo's buy list for several days now, and I've bought nothing rather than GME, but the price action today gave me a little hope that the worst MAY be over, short term anyway. Plus it has already pulled back 20% so my patience/resistance is getting me in at a better relative price than most of my buys do. But still...EW. Hopefully I can be out of this with a profit tomorrow and never look back. So as I hang my head in shame, as a matter of professionalism and good conscience, I can't recommend that anyone follow me on this trade. No sense dragging any of you through the muck and mire of the original meme stock. Keep your hands and your conscience clean, my friends...but if you must, be careful. Use protection and take a shower afterward. Per my usual strategy, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit. As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
NYSE:GMELong
by redwingcoach
GMEWhen analyzing GameStop’s (GME) current price action, it’s clear the stock is navigating a challenging landscape, one that has been defined by a consistent downtrend since late 2024. Currently priced at $27.50, the stock has shown signs of a minor recovery after hitting a low of $26.34, but this rebound appears to be on shaky ground. The question is: can the price reach $26.81 to make a put option profitable? Let’s break this down. The Technical Landscape First, the broader trend speaks volumes. GME has been in a well-defined bearish structure of lower highs and lower lows, signaling that sellers still dominate the market. On the chart, resistance lies between $27.50 and $27.70, creating a ceiling for upward momentum, while the immediate support zone is at $26.50–$26.34. These levels are critical because any break below support would almost certainly open the door for the price to reach $26.81. Another key factor to consider is volatility. GME’s recent price action shows that large, fast moves are still part of the equation. The stock has seen aggressive selling on high volume, but any rallies appear weaker, with diminished volume signaling a lack of conviction from buyers. This dynamic strongly favors continuation to the downside, which aligns with the goals of the put option. Indicators and Probabilities Delving into the RSI (Relative Strength Index) on the 30-minute timeframe, if it shows a neutral or overbought reading, it strengthens the case for a retracement downward. Additionally, the volume patterns tell a story: the momentum behind the downtrend appears stronger than any recent attempts at recovery. These technical clues suggest that the probability of reaching $26.81 is relatively high—estimated at around 60–70%, given the current proximity to support and the persistence of selling pressure. Fundamental Considerations Beyond the chart, the macro and company-specific fundamentals could play a role. If the broader market or relevant sectors (such as retail or technology) face headwinds, GME may be further pressured. Additionally, news or earnings reports tied to GameStop could trigger unexpected volatility, so staying informed about any potential catalysts is essential. Strategic Outlook To capitalize on this opportunity, monitoring intraday price action will be crucial. Watch for a break below $26.50 with significant volume to confirm the downtrend is intact. Complement this with indicators like RSI or short-term moving averages to strengthen the case for further downside. However, discipline is key: if the price breaks above $27.70, it might be wise to reassess or exit, as this could signal a reversal in the bearish momentum. Final Thoughts In conclusion, the current setup for GME presents a strong case for further downside, with the price likely to test $26.81. The combination of a bearish trend, weak volume on rallies, and critical support levels nearby gives this trade a favorable risk-reward profile. That said, as always, the market is unpredictable, so staying flexible, disciplined, and well-informed will be the cornerstone of success. While no analysis can provide absolute certainty in the stock market, I can confidently say that based on the technical setup and current market conditions, the probability of GameStop (GME) reaching $26.81 is high, approximately 60-70%. This is backed by the clear downtrend, proximity to support, and weaker volume on rallies. However, always remember that markets are inherently unpredictable, and external factors like unexpected news or broader market movements can influence the outcome. As such, risk management remains crucial—set clear exit points and be prepared to adapt if the trade moves against you. This analysis offers a strong foundation, but the ultimate guarantee lies in maintaining discipline and flexibility.
NYSE:GMEShort
by BRyAN8800
Ascending Triangle on the Daily for GME!Alright folks, brace yourselves for another electrifying update on the saga of GME! Since our last rendezvous, we've witnessed the impressive cup and handle pattern and the striking inverse head and shoulders breakout. But that was just the beginning. After our latest dip, in tune with the broader market's downturn, we've now sculpted an absolute monster of an Ascending Triangle on the daily chart, also visible even on the 4-hour. Using the trend-based Fibonacci extension, the golden pocket awaits us at $37.09, with the next pocket above that at $52.58. Adding to the excitement, we've got the Bull Flag breaking out on the weekly chart and the golden cross appearing on both the weekly and daily charts. Not to forget the substantial cup and handle formation on the hourly chart. Hourly Chart : Cup and Handle: This pattern is setting the stage for potential bullish movement. 4-Hour Chart: Ascending Triangle: Reinforces the pattern seen on the daily chart, confirming the bullish setup. Daily Chart: Ascending Triangle: Visible on both the daily and 4-hour charts, suggesting an imminent breakout. Weekly: Golden Cross: This crossover indicates long-term bullish momentum. Bull Flag: This continuation pattern indicates that the existing uptrend is likely to continue. All signs point to an explosive few months ahead for GME, with multiple breakouts on the horizon. Stay tuned, because the next chapter of this epic journey is about to unfold
NYSE:GMELong
by impossiblebull