GME trade ideas
$GME - FOMO time!When I posted about gamestop in January (see related idea), some GME fanboys mentioned that price would "never go below 100". Of course, that was only hopium from people who don´t really know much about trading and price action.
In fact we went all the way down to 77.58 (approximately the middle of the "buy zone" I indicated, and have already pumped over 150% from those levels.
Does that mean that you should now fill up your treasure chest with GME for the long run? Well, that´s up to you, but I´m looking at the following short and long term trades:
- Short Term: Buy at ~140 look at the A-B-C extension (targets would be around 280, but I´ll measure after the correction is over)
- Long term: Hold some stocks with the expectation that 77.58 was a bottom and we may see new ATHs.
Note that volatility is enormous, and 100% movements are very common, so trade small!
Is GME Making a Recovery?17 hours ago
GME has pushed itself above the 50MA on a weekly timeframe
If it can close above this level before weeks end, GME may still push a new ATH
BREAKOUTDid y’all see that? Gamestop just smashed through the 50, 100 and 200 day moving averages in just one week just backtested for support and it HELD. Ryan Cohen just fired the nuclear bomb with this stock dividend. It’s end game. Huge volume is coming and halts won’t save the shorts. Bullish. Diamond hands baby, if you know you know.
Gamestop weekly chart bullish or bearishLooking at Gamestop (GME) on the weekly charts I wanted to see where it is going in the long and short-term.
On the left side we see the massive rally in early 2021 hitting the all time high of $483 and pulling back to around $320.
Then in March and June we see to breakouts but failed attempts to take out new all time highs. You see the long upper wicks pulling back and holding support at $150
To the last couple weeks we also see the long upper wick and resistance at $200. The volume has also increased the last 2 weeks.
Price currently is overextended from the moving average so combined with the resistance and the bearish upper wick it does lean more to the bear side but $150 support needs to hold.
Although GME has gone on a bit of a breakout of late this weekly chart is leaning to more downside.
Three things I will be watching for are, one if the volume keeps increasing that is a great sign, two if $150 support holds and lastly I would need to see GME back above the strong $200 resistance for me to be confident in this for long term holds. For now I will play it short-term long and short.
lol i love shorting this shit.infinite money glitch (2022 NOT PATCHED) these idiots wont hit 200 and ive been shorting since 180
HUHJust a guess, too much info on screen but not enough info for short term play. use at your own risk.
HUHJust a guess, too much info on screen but not enough info for short term play. use at your own risk.
GME - RUMOR Confirmed! GME - Stock Split & Dividend!
Company released an 8 K filing AH today stating plans to hold a vote for a stock split/dividend at the company's next annual shareholder meeting. Details linked below.
Link to 8-K filing: www.sec.gov
AH price is up +$30 and FOMO is building with the Apes. Could easily push price above $200 on tomorrows' OP-EX putting a significant gamma squeeze back on the menu heading into next Tuesday.
And even before the news today the overall TA remains bullish despite the shenanigans of the 29th with a completely atypical limit down halt a few minutes after the open.
Long term breakout looking SOLID with significant volume pouring back into GME over the past few week. Volume accumulation % is building and is larger than pre-sneeze levels. Bulls appear to be in control of the stock at this point.
VFI (Volume Flow) is flashing a BUY signal on the 4 hour chart, daily will likely soon follow. Looking at the ATR (volatility %) looks like buyers have been busy adding to calls the entire month of March IMO = BULLISH.
HODL!
Outer Fib levels and beyond are...
NOT A MEME!
Not financial advice!
GME Short Play - Down to $130s by EODCurrent support for GME at $160.
Heavy sell pressure with regular drops below support before recovery, plus multiple previous supports shattered.
GME likely to fall to next support, likely the prior resistance at $136-$137 range by EOW (4/8) as bears have no sign of releasing pressure.
Puts on GME for $136 strike.
HODL Gamestop if you want to stay poor!How is that for a title? Traders are going to win this play and all the people who are going to hold for the long term are going to get slapped worse than a host at the golden globes. What an opportunity to get out! If I was in GME around this range, I would be selling to recover whatever I could and move on to something else. This is basically a miracle on low volume. Big players may be entering for a last short squeeze as time runs out but don't be the guy who holds for the long term.
Gamestop I guess is looking to do a stock split to make the price more attractive so I am going to have to lower my $10-$20 target because now it's going to hit that too easy in the long run. So what are we talking? Maybe a $5-$10 new range after new shares are issued. This thing is going to turn into a penny stock so they need to be careful on these splits. And don't think GameStop isn't looking to issue new shares out of thin air and dump them on the market. It is no different than the FED issuing new credit to the US out of thin air. Everyone buying that stock is giving a lifeline to Gamestop to live off and stay alive. This isn't just a Zombie Company, it's high on crack and hitting up all its friends for some dollar bills telling them "I'll pay you back man!" We know how that works out.
All the HODL'ers that are throwing their life savings at this will be in the basement like, " But MOM! You said I can stay out until the street lights come on! " Your lady friend isn't going to be too happy with your cubic zirconia when you're down on one knee because you bought GameStop for the long term. Be the trader on this one and let your buddies who won't listen see their wealth evaporate.
#winning #gme #gamestop
GME Trying to find its way home...Ryan Cohen has announced with his massive balls on his sleeve that GME will be seeking approval of a stock dividend along with a split. This is extremely bullish news along with the bullish price action we have been seeing the past couple of weeks. GME looks to be heading back up the upper trendline around 240$ area at the moment with momentum continuing up, If anyone is shaky about staying in this play then it isn't for you. This is a long term swing/squeeze play imo, Looks like its doing the same thing AMC did last year in the summer breakout of 70$, (breakdown out of the bull flag, then proceeding to scrap its way back up into the upper trend before finally taking flight. We shall see what it does but i am personally adding and holding the positions I have. Good luck guys.
A Picture is worth a thousand wordsNot Financial Advice:
Interesting observation that price tends to be encouraged off the 147 line. Doesn't like to stick around for long, will be interesting to see if this time is any different.
We on like Donkey Kong GME STOCK SPLITUp 25 dollars after hours.
Its time
4+ million shares for tomorrows expiry alone after 200 dollars. these are not hedged much at this point.
Momentum Channel WarsTwitter apes are chattering about levels for these derivative stonks. If a simple linear regression is accurate enough, I'm expecting to see $120 & $250 for $AMC & $GME support levels. The price action regression slope for AMC (0.5) is 2.5 order-magnitude larger than the GME (0.2) ticker.
If this is so-called "price manipulation" is true, it is hidden in momentum indicators, not correlations. OBV trails are telling.
ANALYSIS ON GME/ Good Probability of an uptrendOn GME we have a candle with a long wick and a large volume so we have a good probability of an uptrend....
GME rally stallingeach spike has held the trendline and resulted in a large pullback. Yesterday we had an intraday rally up to nearly $200 but closed 10% lower at $179. that indicates recent momentum is probably over for now. So move up trailing stops or cut your position IMO. book some profits if you were in this move. Take maybe 2/3 off the table and let the 1/3 run for a free bet, again my opinion. RSI overbought at 80.
$GME Trading it 3/31below 165
156-159 possible intraday
idea only valid if market red/negative 2morrow
#optionstrading #options #daytrading #tradeideas #stockmarket
GME technical analysis to run up in January Analysis of bull run in January 2021 to the setup we have here
Trade halts were January 27th before GME hit record highs on January 28th
link below
Use 4 hour for chart GME www.usatoday.com
BULLISH
Not financial advice
No dates
GME rally stalling 2GME 15 minute chart showing above or near $200 the RSI spiking to oversold (i use 80 as oversold not 70, weeds out false signals). No volume above or near $200 to verify the move and sustain it up there. Big sell ff into close resulted in an MACD crossover.
Cup of tea anyone? Cup forming on the 15 min,Possible Cup forming on the 15 min , this Handle could break us up into the 130s , keep your eyes open, a lot of high si stocks are on the move
