1GME trade ideas
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.
15min Cup and Handle on GMEWe can see some movement within the falling wedge on the 1hr with a cup and handle forming on the 15! Keep an eye out on for a breakout on both.
Bearish channel situationOn GME as you see on the chart we will have a big probability of an uptrend continuity because we have the breakout of vwap indicator and also the breakout of the resistance line. But we must be vigilant.Thanks.
GMEJust about there. One more quick flush should do it imo. Might even look to get long in the $12s but we'll see how price reacts once demand is hit.
GME Accumulation ZoneIf you believe in the future of this company, its starting to enter a great accumulation zone. Can previous highs of the past decades now act as support for this stock?
Big probability of a downtrend: good spring effect on vwapAs you see on the chart we have a good spring effect on the vwap indicator so,it's mean that we will have a big probability of a downtrend.Thanks.
$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
Falling wedge and RSI just broke below 30!Every time RSI breaks below 30 we see a reversal and a 50 to 150 percent gap up. We just broke below 30 on the daily and at the end of a falling wedge. With the next swing block sitting up at $40. All the factors are saying this is about to squeeze again.
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!
GME - Falling wedge getting tighter
The 18-month falling wedge is getting tighter and tighter. If you believe in the stock, then I´d wait for a break of the wedge´s top trendline.
When falling wedge´s break, I usually have 2 initial targets:
- the middle of the wedge
- the wedge´s starting point (its top)
These targets would already give a major upside gain... but again: if you believe in the stock.
$GME - Turned Bullish, but what about the rest of the market?GME is looking super good today. Shorts increased their positions by another $25mil which is extremely bullish for GME in terms of making the price increase/run or whatever you want to call it. It looks like the run is happening after all.
You need to however take the rest of the market in consideration before getting too happy.
For the past few cycles, GME has done it's thing into a bearish market. One example was when CPI/FOMC was on the exact same day as a run (twice actually) and the run got crushed. Another example was when AMC gave out it's dividend 1 day before the GME run and 1 day after the GME run was the TSLA split. There were plenty more instances where GME just did it's run into a dying market.
EOD Data
-Looking at the EOD data for GME, as i said things are looking super bullish. A run is going to happen for sure.
-Looking at the rest of the market, i'm not sure what's about to happen e.g i can't tell. If the rest of the market does not die starting tomorrow, the run should be a good one and would touch in my opinion $40 for GME. If the rest of the market starts dying tomorrow onwards, i think GME could make a new low at $17.xx.
Positions: SPY Puts, AMD Puts, Coca Cola Puts.
I could've kept my GME calls but i'm not feeling this one even if the GME data is clearly saying things are bullish. This means #1, i'm a week early and #2 you're all about to get rich. So, good luck. I really hope GME doesn't get pumped whilst the market is dying for whatever random sudden news comes out tomorrow...
TLDR:
-Data says GME go up for sure.
-I'm not feeling it, so i think it's going to $17.xx
Data is almost always right, i'm alost always wrong. Cheers.
$GME - Load up, a lotMy previous target of $19.40 ish is almost there. The biggest loading zone is here. My entire port is now on GME calls.
No PT from here, i only know that $19.4 is an extreme support. If broken by a lot and for more than 1-2 days, god save us all.
$GME - Load up, only a little bit...My data doesn't indicate a run for GME this time.
I'm thinking there's a possibility of a run on 21 Dec -+1 day as usual. The only indicator i have to rely on that might support this is the idea that the market always pukes on or until SPY Dividend dates (16 Dec) and then starts to recover immediatel the week after. There are some exceptions where the dump on SPY dividends can last +1 week thus ruining any hopes for a rally.
I'm hedging my SPY puts with GME calls and SPY calls for the moment. Not fully hedged, only partially buying GME and SPY calls because i'm not sure whether next week will be a thing. Need to see today's and Monday's EOD data for that. Needless to say, GME's resistance is at $19.4 and that's where you should at least load up a bit or even from where we are right now. Anything below this resistance and i would personally consider completely removing this stock from my watchlist at this point since there's more easy places to make money at.
Don't go all in on calls, if you have puts, keep them and only buy a handful of calls. There's 0 guarantee for anything happening next week. I'll update this post once i have more data and if the data indicates anything good.
Load up when
RSI is oversold
GME is below $20
That's my opinion
Daily Falling wedge on GME has just entered the Discount ZoneLooking at this Falling wedge on the daily, a breakout of this wedge could be substantial and shoot this stock back into the 40s with ease. SI is on the rise as is IV, Also SMC showing GME has just entered the Discount zone and grabbed a pretty big block of liquidity. Prem zone on the Daily is sitting in the $43 dollar range.
GameStopped. Ryan Cohen fleeced retail Ryan Cohen is a con man. He fleeced investors. This stock really sucks
Where are all the shares Kenny? Wow how absolutely wrong I was, looking back at all of this time, effort and money... I've been having a hard time swallowing the truth of this squeeze play being a nothing burger for the past 2 years so far.
With that said, my conviction on this play has not changed whatsoever. No, that is not supposed to be an inspiring statement at all for us shareholders (we have been railed so far) it is just the purest truth. I am not giving up nor will stop buying shares, I will continue accumulating over the time that passes by, there has been too much DD and investigation of the fraud currently taking place in the market and especially on this ticker to roll over. I'm calling this bad call as it is, being wrong, but this play WILL eventually come to fruition and squeeze from the massive amounts of short shares floating around in this oblivion we call a "Market". They have not covered, that's the only thing that matters to me.
GME will either crash down to 10$ here or start its run back to test that 35$ area then 50$ etc. I still have every call I've purchased so far this journey (leaps), along with every share, I have not sold a thing.
To all the people/bears telling me that I was wrong, well yes, that seems to be true at the moment. Lets just remember though before you have your victory lap... it hasn't ended yet. Tread carefully...
Happy Holidays.
Gamestop (GME)GME is still on the bearish momentum, no clear entry for BUY. Rechart upon reaching 19.65 level.
GMEI knew the earnings reaction was a fluke but either way it's still hard to trade that. Looks like price finally wants to move down. I'm not shorting here but will be looking for another area to load up puts. For now, watching permabulls lose their shit on every bearish post I make on this stock is satisfying enough.
Game longGME is good value based on its book value relative to its share price (6.06x), compared to the US Specialty Retail industry average (8.76x)
GME's cash and short-term investments ($1.04B) can cover GME's cash burn for the next year ($405.90M), even accounting for increasing cash burn (88.51%
GME's short-term assets ($2.58B) exceed its short-term liabilities ($1.59B)
GME's short-term assets ($2.58B) exceed its long-term liabilities ($488.80M)
GME's cash and short-term investments ($1.04B) can cover GME's cash burn ($405.90M) for at least 1 year
GME's revenues are forecast to grow faster (6.23% per year) than the US Specialty Retail industry average (4.67%)
GME's revenue growth is accelerating - its growth over the last year (1.29%) is above its 5-year compound annual rate (-6.03%)
That's an increase of almost 8%
GME has gotten more efficient at generating Return on Capital (-30.27%) compared to 3 years ago (-39.13%)
Over 80% of GME trades are buys (long)
However the price remains low.
There are concerns about price manipulation.
Logic, in a normal.market if 80% buy and 20 % sell the price would climb, not decline.
The downward trading seems to be done of exchange, in dark pools.
investopedia.com/terms/d/dark-pool.asp
GME is transforming to a tech company that will enable gamers to own assets that they buy or earn in games.
They also created a market place for those items which has grown to be the second biggest marketplace within months.
as we experience the shift towards Web3, DeFi apps including NFT, Marketplaces are headed for more growth and with that experts have predicted that NFTs will continue to gain value.
Nft is one of the ways players will have ownership of their assets.
Global videogame revenue is expected to surge 20% to $179.7 billion in 2020, according to IDC data, making the videogame industry a bigger moneymaker than the global movie and North American sports industries combined.
And all those players will be able to buy and sell their in game assets.
Opensea is the biggest marketplace ATM. The GME marketplace is faster, 200% cheaper, already has many integrations and partnerships with Nintendo and Sony among others.
Its a long play, the development of nft and the marketplace take time.
With the current turmoil in crypto and the recession we should be patient.
But if GME manages to end on top, and they have been working hard and with results to show for it, the valuation would be in the 30 to 40 billion range.
At anything below 30 its a bargain.
