GME (GAMESTOP) Price Analysis
Good morning! GME needs to hold this area of resistance at around $20.35 -$21.23 if it wants to push to the upside.
If the support level is broken, we will most likely see GME fall down and test the $18.40 Lvl.
- If support holds then we will continue on up to the upside and test the $22.84 - $23.26 LVL.
- The next LVL after this will be the $24.22 LVL.
Thanks for viewing my idea! please comment and let me know what you think :)
1GME trade ideas
GME GameStop is close to a Long Swing Starter"The basic idea is, 'we don't care what really goes on at GameStop, or if they have a certain new product or whatever.
We just want to show the market that success is not the reality of production but the enigmatic character of our act,'"
Slavoj Žižek said
GMe Since the breakout I discussed GMe has rallyed from 18.45 up to 21 area. Cureently it is sitting just under 20.90. Multiple taps of this area. Seems the trend is getting tight. We are looking at either a big breakout up or a roll over soon. Personally I’m still in the camp GMe has room to the 22.50s at least but tough to sta exactly where we will break coming soon. I’m still postioned long. Looking for a pop if 21$ and start to consildate on top of it. I feel that if we lost 20,53s this may be looking to head back to retest that strong 20$ level down to 19.50.
Be careful with how you play this, def use stoplosses but might b worth a risk long with stops 20.48s -52s
GME 2023 $ Squeeze Target we bounced from our support above the 15$, now we need to clear the resistant around the 22.20$, to continue this bullish momentum till the 25.50$, then the critical area of profit taking + rejection if we didn't clear it, will going down to have a reversal from the 10$ bottom for this year .
if we clear that critical area (32$/35$) we going to have squeeze till 85$, which will make the mega squeeze for GME once again .
GMEThis is something to watch here as we can see from my green reistance zone that we broke above so far, launching us to a monster reistance if 20$
This previous zone was from 17.95-18.40 area. We are currently attempting to flip it to support. On smaller tomframes we have caught a few reistance taps at 19.20 and the biggest reistance of 20$ which was support before the floor dropped out.
I have entered a postion at the red arrow at an averge of 18.44
I’m waiting to see if we can retest and continue to hold this previous zone as new support but hard to say for sure how we will react. This last test we launched off that 18.40 area so if we can test again and still hold this could be what we need to break through the 19.20 and ultimately 20$ level.
Keep in mind a drop to 17.95 area is still ok but could set us back into a previous reistance area.
Overall it’s still uncertain but hold low 18s could be a banger of a trade buy
GME - RSI indicating near term POPJumping on the band-wagon with a long here on the Game Stop.
GME daily chart with RSI and VWAP indicators showing that a potential near term rise in price is anticipated. The approx. 10 week down cycle is perhaps ending today with the last interim high occurring on Halloween 2022.
Last two times the RSI volume indicator was this low (Dec 2021 and March 2022) Game Stop had a nice POP. Expecting a price jump to occurr fairly soon to corelate with the middle of RSI channel and perhaps more. Long Jan and March monthly calls. NFA.
$GME - Load up Zones $19.5 and $17.xxBe sure to load up responsibly at the correct zones. $19.5 and $17.xx are decent prices to get in. Always save some cash to buy more later at lower prices. Don't go all in at current prices.
I've loaded up on March calls $20c for around 1/4 port value. I'm ready to get more if we dip more at $17.xx will probs get $18c for the same expiration.
Sorry for switching between long and short so erratically but i've got to follow events as they unfold.
gmeamc has broke down for me this looks textbook for a breakdown broke previous support which it bounced twice, just tryingg to amylase all market before the new year when I go guns blazing in the market learnt so much this year really cat beat time in the market and seeing set ups happen.On that note for me alot of stocks looks ready for a breakdown to me
GME 9/19/2022Daily chart analysis.
Adding to existing trade.
After rejecting higher prices and falling back below resistance @ 37.95, price broke thru and fell below minor support level at 29.00.
Price has pulled back to support at 29.00 and looking to turn it to resistance.
Price currently at area of value. Cue to enter.
Adding to existing trade
Entry: 28.60
Stop loss: 22.20
GME: CTB on the rise can price go back up to $40?Hey everyone,
As always not financial or sexual advice. That being said, every time the CTB rises drastically there has been a sharp increase to the upside in price.
March 15-24th 2%-22% increase of ~153%
May 19-25th 8%-50% increase of ~64%
July 21-22nd 32%-124% increase of ~ 20%
Dec 19 - Present 8%-27.7% increase of ???
Fibs suggest a downside of $18.40 and $17.61.
Good luck!