Not Financial Advice, but im following it :)Gonna be a beautiful display, Target 203-216 region in upcoming week, potentially before year end, white dotted line was Positon Entry point on the flag breakout/Re-test. Be Patient, make money x
GME trade ideas
MOASS: WC: 26.59 Target: 1800-2400 MOASS: 47k-100KTLDR:
-Technical Analysis works
-Trading on hoping and holding will most likely cause you to lose a lot of money
-Reddit/Social Media and the whole "TA doesnt work on GME" is a problem for the GME community and most of the of people who think like that are not going to make near what they could if they actually understood TA
-Nothing special about the 28 level other than it coincides with the VWAP off the April runup
-MOASS has been ongoing since 2020 and never stopped
-WE CARE AND WANT YOU TO BE SUCCESSFUL
-THE GME STORY AND COMMUNITY IS SPECIAL
Textbook Ascending Triangle on the 1 hour!🚀 GME Market Update 🚀
We are excited to announce that GME has now formed a textbook Ascending Triangle on the 1-hour timeframe. We are officially locked and loaded. From the 15-minute chart up to the weekly chart, this setup is exceptionally rare. The anticipated breakout across all timeframes promises to be something remarkable.
Here's a detailed breakdown:
15-minute chart: Ascending Triangle
1-hour chart: Ascending Triangle
4-hour chart: Bull Pennant
Daily chart: Cup & Handle
Weekly chart: Golden Cross
Such a comprehensive alignment of bullish patterns is extraordinary. Prepare for a significant movement in GME.
GME LAST THEORY PT 2Fractal repeats, lower this time
this is just a brainstorming idea take this with a grain of salt
15 min Pennant has now transitioned into an Ascending Triangle! Hey everyone! Just wanted to give you an exciting update for those tracking the Bull Pennant on the 15-minute chart. As of today, it looks like the Pennant has transitioned into an absolute textbook Ascending Triangle!
Here's the breakdown of what we have across all timeframes as of today,
15-minute chart: Ascending Triangle, 4-hour chart: Bull Pennant, Daily chart: Cup & Handle, Weekly chart: Golden Cross
Bullish patterns are lighting up across all timeframes, perfectly aligning with the recent surge in institutional buying. Given all this, I've never been more bullish on GME than I am right now. We are on the brink of making history!
11/14 - GME Hello traders,
GME is signaling strong upward potential on the chart. It just broke out of a long-term wedge and is showing a similar pattern to the one seen before its major rally in May. Will history repeat itself?
Good luck everyone, may trend be with you.
GME 15 min Bull Pennant Watching the 15 min on GME, and it seems that it has formed a pretty substantial Bull Pennant on the 15 min. This comes just after the Cup & Handle breakout earlier this week. We can also see that, the Ultimate RSI has Oversold, while setting a higher low withing the Pennant.
I believe that once this Pennant starts to breakout, GME is going to stretch into the 30s, and with no current supply above $29, this may very well see it's way into the $60s real quick. This is only the 15 mind you. We still have a much larger Pennant on the 4hr, another Cup & Handle on the 1 day, and a Golden Cross on the weekly. Pretty much every timeframe is showing a bullish pattern right now. If you ask me, I would say it's go time.
Remember, the last time GME broke out from a Golden Cross on the weekly, was back in July of 2020 and lasted until Jan of 2021. And we saw a 12,000 percent run over the span of 6 months.
If you're currently short, you better say a prayer. To everyone else, let the games begin! 🤙
GAMESTOP - 1st Target Gme is retracing the exact movement from the last time it SNEEZED
We will be tracing towards high 40's low 50's
If organic volume comes in, we could gap up to $120-$140 for tomorrow
GAMESTOPDeviation on fractal thesis.
Following the same fractal that it did right before it took off HOWEVER price has deviated sideways but YET mimicking the same price movement.
I am expecting for the price to catch up to the fractal and complete it near thursday.
If i was a market maker i would make the move happen the day before friday, have people jump on enormous amounts of weeklies only for it to dry out and have a sell off friday type of day
meme pullbackthis hourly chart on gamestop shows bull exhaustion and a potential temporary top due to the amount and quickness of consolidation intraday. this stock is down from its highs in a market environment with sudden scarcity of bull trends after the recent break to all time highs in spx. with the market pulling back i expect this stock to continue to pull back although remaining bullish on higher timeframes like the weekly. i would short if we remain below VAH and close short in VAL area or the blue support zone.
Elliot Impulse WaveI Feel like we go higher after this Pullback.
I heard someone say the CTB on Fidelity was Zero on GME, there is some serious signs in the Market right now. Tons of Heavy buying yesterday, and as we know, price action proceeds Volume. The fact that we pulled back after such intense Buying pressure just shows how panicked shorts are... Earning wrinkles listening to smarter traders. I think we could see $30 this week
ChatGPT as an Ape in $GMEThe “Reverse Gravity” Play: Forget fundamentals, because GME is defying all logic! If this stock has taught us anything, it’s that conventional physics don't apply here. GME’s fanbase (aka “the Apes”) are ready to push the price back up through sheer willpower, diamond hands, and the belief that nothing is impossible when meme magic is involved.
Short Interest Redux: If GME’s price history is any indication, short interest remains a constant underlying fuel. With even a hint of a short squeeze, the Apes could pile on, pushing the price in one of those classic, high-speed, short-covering frenzies. And we’ve seen it before—$200 could be just the start!
Strong Community Cohesion: GME investors are practically a cult (in the best way!). This isn’t your average group of shareholders—they’re a legion with a unified goal: taking GME back to the moon. This kind of “HODL” mentality creates demand out of sheer conviction, something rare for a stock.
GameStop’s Transformation Plan: GME is not the brick-and-mortar dinosaur it once was. With digital transformation, a dive into Web3, and strategic ventures in the gaming world, GameStop has a potential narrative shift at hand. If they manage to get a few key partnerships or show revenue traction, the market might just give them the “meme stock meets tech stock” premium!
Rising Volume as a Sign of Momentum: Any sign of rising volume with GME historically attracts more eyes and wallets. A renewed buying spree, even speculative, could easily propel it toward $200—especially if broader market sentiment swings back to high-volatility plays.
So, whether it’s Ape strength, market conditions, or GME’s new-age plans, $200 is a psychological level within reach. And hey, we’ve all seen that nothing is too wild for this stock.
Analyzing GameStop Corp. (GME) from a technical perspective reveals several indicators that could support a bullish thesis aiming for a $200 target:
Moving Averages: As of November 11, 2024, GME's stock price is trading above its 20-day, 50-day, and 200-day moving averages, which are $22.39, $22.07, and $19.85 respectively. This alignment suggests a strong upward trend.
Relative Strength Index (RSI): The RSI stands at 69.89, approaching the overbought threshold of 70. While nearing overbought conditions, it also indicates strong buying momentum.
MACD (Moving Average Convergence Divergence): The MACD value is 0.59, which is a positive signal, suggesting that the stock's short-term momentum is stronger than its long-term momentum.
Volume Trends: An increase in trading volume often precedes significant price movements. Monitoring for sustained higher volumes can indicate strong investor interest and potential for upward price action.
Support and Resistance Levels: Key resistance levels to watch are around $30.50, a previous high, and $64.83, the 52-week high. Breaking through these levels with strong volume could pave the way toward higher price targets.
Applying Elliott Wave Theory to GameStop Corp. (GME) can provide insights into potential future price movements. Elliott Wave Theory posits that market prices move in predictable patterns, consisting of five-wave impulsive phases followed by three-wave corrective phases.
Current Wave Analysis:
Wave 1 (Impulse): GME experienced a significant rally from its lows, marking the first impulsive wave.
Wave 2 (Correction): This was followed by a retracement, typical of the second wave.
Wave 3 (Impulse): The stock then entered a strong upward movement, often the most powerful wave in the sequence.
Wave 4 (Correction): A subsequent consolidation or pullback occurred, representing the fourth wave.
Wave 5 (Impulse): Currently, GME appears to be in the fifth wave, which could lead to new highs.
Projection to $200:
If GME is indeed in the fifth wave, this final impulsive phase could propel the stock toward the $200 mark. Historically, fifth waves can extend beyond previous peaks, especially if driven by strong market sentiment.
Considerations:
Wave Extensions: In some cases, waves can extend, leading to higher price targets. Monitoring for such extensions is crucial.
Volume Confirmation: Increased trading volume during the fifth wave can validate the strength of the move.
Market Sentiment: External factors, such as news or broader market trends, can influence wave patterns.
GameStop Corp. (GME) reported its fiscal second-quarter earnings on September 10, 2024, delivering mixed results:
Earnings Per Share (EPS): The company achieved a profit of $0.01 per share, surpassing analysts' expectations of a $0.08 loss.
Revenue: Sales declined by 31% year-over-year to $798.3 million, falling short of the anticipated $895.67 million.
Despite the unexpected profit, the significant drop in revenue raised concerns among investors, leading to a 16% decline in GME's stock price following the earnings release.
In response to the revenue shortfall, GameStop announced plans to close additional underperforming stores as part of a broader cost-containment strategy.
Analysts have expressed skepticism regarding GameStop's long-term strategy, citing challenges such as the shift from physical to digital game sales and the company's lack of a clear growth plan.
Overall, while the positive EPS was a highlight, the substantial revenue decline and strategic uncertainties have tempered investor optimism.
As of October 15, 2024, GameStop Corp. (GME) had approximately 35.96 million shares sold short, representing about 8.43% of its outstanding shares.
The short interest ratio, which indicates how many days it would take for short sellers to cover their positions based on average daily trading volume, stood at 4.4 days.
This level of short interest suggests a moderate degree of bearish sentiment among investors. However, it's significantly lower than the peak levels observed during the 2021 short squeeze, when short interest exceeded 100% of the public float.
Good Luck,
ChatGPT
GME to 585 if and only if this condition is valid.we are in a bull market and certain things need to be done, but it can happen, goodluck!
The $GME Comeback: Weekly Active and $85 on the Horizon!NYSE:GME seems to be gearing up for a strong move. The weekly chart is confirmed, and for the monthly to trigger a valid signal, it needs to hit $27.
I’d much rather have jumped in at $11, but this is still a valid trade after the deviation and reclaim.
This is purely a meme play, but if it plays out, I’m targeting $85 and $140.
MOASS: WC: 24.88 Target: 1800-2400 MOASS: 47k-100KTLDR
-Margin Call
-VWAPS used to control risk
-VWAP Bands measure standard deviations from the VWAP
-Pushing thru the bands takes volume and momentum
-Fibs are targets
-Fib pairs act as support and resistance
-Smaller MOASS box and corresponding fib extensions show really good targets that traders can use to protect their investment
-Sentiment drives price and we don't care about fundamentals
Note: WC in title = weekly close.
$GME Potential Movement (11/11/24)Hey Traders,
NYSE:GME is back on the radar, showing its classic meme-stock momentum! On the 1-hour chart, we’re watching a solid structure here: there’s a break of structure at $25.02 that’s been tested twice today but has held as strong resistance so far. Our key support zone sits at $24.53 (previous higher high and BOS), with another potential test point nearby at $24.64.
If we break through that $25 resistance on the 1-day chart, we could see a push toward the gap fill at $25.56.
Stay disciplined and remember to secure those gains!
David
Diz-Plin Trading
Hello old friend :) # Hedgies get WedgiesWhat goes down must come up :) :) :) :) :) :) :) :)
What goes down must come up :) :) :) :) :) :) :) :)
What goes down must come up :) :) :) :) :) :) :) :)
What goes down must come up :) :) :) :) :) :) :) :)
What goes down must come up :) :) :) :) :) :) :) :)
What goes down must come up :) :) :) :) :) :) :) :)
What goes down must come up :) :) :) :) :) :) :) :)
Target Reached on GMETV Followers, TV has taken down and removed quite a few of my posts/videos due to my QR tag being embedded in them. I was then subsequently suspended for a few days. So, I wanted to come back and just update you on a few of those posts that were removed. GME was one of them. GME reached the W-pattern target and has entered a large liquidity block. I have decided to sell here a few days ago for some nice profit. My signal has not flashed red yet, but I wanted to capture those nice gainz while I had them.
I implemented my new indicator into my trading process in September of this year. Since that time we have not had a single loss recorded on our stock tracker! ZERO! None. All wins. Currently, we are in floating profit on all stock trades and killing it! Congrats to those who are following me in these trades.
Our average time in each stock trade is around 17 days. This is exactly where I want to be in order to give you all the time to enter the trades and exit as I post my signals.
To tell you the truth, we are doing much better than I imagined and are even beating our rate of profit on the crypto tracker! We have 12 exits for 12 wins, and the current trades will all exit in profit, equalling a 100% win rate over the last two months.
I knew I had stumbled across something remarkable when I accidentally found my indicator combo while studying the charts. I am super excited about what the future holds for all of us!
Today, I have raised the stops on all of my stock entries. I feel we may be starting to get a bit over-heated. I want to capture those profits while I have them.
Best,
Stew
gamestop cup and handle whats next?this isnt the strongest pattern for vull continuation, but if it does follow through i expect well see $25 soon. if we dont continue the pattern ill look for a pullback to the $21 region. the stock seems like it is ready to make larger swings now that its held some form of a daily to weekly uptrend. were still battlign a bear trendline of resistance since the last large monthly move and subsequent volatility, but it seems to be subsiding somewhat.
im looking at curred dPOC as the pattern pivot, and if we hold that level forming a range above open id look for the next market structure trailing stop area/VAH region to take profit long. if we break fown below dPOC and form bear momentum under the mPOC id look for lower POC and VAL to take profit short.
gme to $171 by december 12th, but first a dip to $21.this is strictly speculation and technical analysis. goodluck everyone.
MOASS: BOOM!TLDR of video:
-MOASS is happening now
-Elliott Wave Idealized Target: 100K
-Ideal Target for your average retail investor: 1800 - 2400
-Psychologically, Wave 3, which we are in, is the most intense
-VWAP is your guide as price will stay above identified VWAP and will only touch it again once
MOASS is over
-Fibs are your guide as well
Expect price to begin running next week folks
We will break above identified VWAPS and that will be the surefire signal that MOASS has lifted off for the last time
SEE YOU AT THE TOP!!!
