Gamestop 4R trade potential If we break above 25.46 area we have a good R:R trade potential to 29.47 area
1GME trade ideas
GME Long IdeaGME had a huge breakout earlier in the year after forming a falling wedge for years. It made a double top and hard rejected, which seems quite bearish, but for now I want to look for a long entry if it goes back for a retest of that falling wedge.
$GME - Tight as some hamstrings - We hit ATH, or a snapped ACL?New class action just dropped.
Looking tight on consolidation though.
Consolidated out of bearish into the bullish channel of it's bearish divergence.
Roading kitty attention on CHWY, what does that do for this?
Has the legacy been passed to the apes?
Is he holding both?
He disclosed his CHWY trade, so he'd disclose a GME sale... right?
Waiting for this thing to run up again to get some puts on the way down. You love to hate me for it but we're all playing the same game. Some just play it differently.
No trade advice. I dunno notin
GME, get ready for landing at 10Overview
GameStop Corporation (NYSE: GME) appears to be in a bearish trend with recent price actions indicating potential further decline. This idea explores a short-selling strategy based on key support and resistance levels identified in the attached chart.
Technical Analysis
Resistance Levels:
$27.78: Major resistance zone, indicating a potential reversal area if the price attempts to rally.
$25.00: Immediate resistance level, critical for short-term bearish sentiment.
Support Levels:
$18.61: Initial support level, a break below this level could accelerate the downtrend.
$13.60: Intermediate support level, likely to see some consolidation or minor bounce.
$9.92: Major support level, a target zone for significant bearish movements.
Current Price Action:
The current price is around $24.07, just below the immediate resistance level of $25.00.
The price has been consolidating with lower highs, indicating weakening bullish momentum and potential for further decline.
Volume Analysis:
The volume pattern shows decreasing buying interest and increasing selling pressure, supporting the bearish outlook.
Trade Setup
Entry: Short entry at or near the current price level ($24.07) or after a retest of the $25.00 resistance level.
Stop Loss: Place a stop loss just above the $25.00 resistance level to limit potential losses.
Target Levels:
Primary target at $18.61
Secondary target at $13.60
Final target at $9.92
Risk Management
Position Sizing: Adjust position size to ensure risk per trade is within acceptable limits, typically 1-2% of the trading account.
Trailing Stop: Consider using a trailing stop to lock in profits as the price moves in favor of the trade.
Conclusion
The technical indicators suggest a continuation of the bearish trend for GameStop (GME). This setup provides a clear strategy for short-selling with defined entry, stop loss, and target levels. Traders should monitor the price action and volume closely to adjust their strategy as needed.
GME Strong Bearish Harmony!Nice approved Bearish Harmony. looking to take profits at target 2 and 4. 🤘🏻✌️
Gme Large pattern. Holding uptrending support. Had a fake breakdown and reclaim of support. This is the time to start accumulating. I’m in! Let’s gooo looking for 33-34$
GME Update - Continuing to see signs of our bull-algorithm!If you watched my first video, you'll know we are continuing to look out for signs of teal taking control of price and then shifting control over to a buying continuation algorithm. We understand where we're at in this whole process!
Happy Trading :)
My GME forecast. $40 or better by FridayWe all know technical analysis is barely helpful on these type of stocks anything can happen so this is my quick overview on what i am seeing and what could happen. Looks super interesting let me know what you think. I am BULLISH. Just FYI
GME Gamestop Technical Analysis and Trade IdeaIn a recent video, I covered a trade idea prior to the Gamestop (GME) bull rally. Since then, we’ve observed a significant bearish movement. I’m closely monitoring the current price level for another potential buying opportunity, provided that price action aligns with my analysis from the video. The market is currently moving sideways, and if we wait for increased volatility above and below the range, we might be able to capitalize on a bullish trend by entering a break re-test and fail of the range on the 15-minute chart if we see higher highs/lows forming.
The video covers critical elements, including trend analysis, price action insights, market structure, and a potential trade setup. Always exercise prudent risk management when trading, and keep in mind that this information is purely educational and not financial advice. 🚀📊
GMS Gamestop Trade Idea and Update (previous video)We can see that GME Gamestop has rallied. If you haven't already it's time to move your stop loss to break even from my last video trade idea. In this video we look at price action and discuss a new trade idea. But ways this is for educational purposes only and not to be construed as financial advice.
GME Gamestop Technical Analysis and Trade IdeaIn our recent video, we conducted a concise technical analysis of GameStop (GME). After a bullish rally, GME became overextended, hitting resistance levels and subsequently retracing significantly. Currently, we’re closely monitoring key support levels. Our primary objective is to pinpoint an optimal buy entry point within this critical support zone, provided that price action aligns with our analysis from the video.
As always, our video provides valuable insights into trade entry points, trend analysis, market structure, and price action. Remember that this content is for educational purposes only and should not be considered financial advice. 📈🚀📊
GME Gamestop Technical Analysis and Trade Idea👉 In this video, we closely examine GameStop (GME). The stock has been range-bound for some time, showing lower highs and lower lows, indicating a slight bearish trend. Despite this, my focus is on a potential long position rather than shorting the stock. We explore a possible buying opportunity if the price action aligns with the scenario discussed. If the price continues to decline, we will abandon the idea.
In the accompanying video, we delve into the trend, market structure, price action, and other crucial elements of technical analysis. Remember, this video is purely educational and not financial advice. 📊✅
$GME - the hype in levelsThese area's of interest are interesting to say the least.
Some support and some some resist but either way.
Just think it should dump to $11.50 cause that would be fun before blasting off up and to the right. .. idk.. though
$GME Algorithm Buy AlertOur algorithm gave a buy alert today, and we entered a long position at 1415 for a day trade. In addition to our algorithmic signals, we incorporate other technical analyses to inform our trades. A downtrend line, for instance, provided added confidence in our decision to take a long position for this day trade. We monitor a handful of stocks, with NYSE:GME among them. It's worth noting that we focus exclusively on long positions and avoid shorting growth stocks like NYSE:GME
Falling wedge on the 2hrAppears to be a falling wedge with a price target of 33.74 which matches the June 10 weekly high.
Willy Wonka's Anxiety Factory - GME (Stay strong my friends)I know I know I know i shouldn't feed into this madness but I guess I caught the bug and its got a hold of me good.
This Sideways Triangle #TA could eject down or go to the moon. No one can tell the future but this is a classic Technical Analysis Pattern. Watch out either way and be ready for some swings fellas.
We got turbulence on this flight!
-KD
+35 FTD CYCLESome technical analysis with monthly option expirations and my ideas of when GME had massive FTD's. Potential price action on or before those dates. Yellow lines are settlement dates. Green lines are monthly options expirations.
Basic Wycoff AccumulationNYSE:GME NYSE:GME Basic Wyckoff accumulation going on here on 15min.
Expecting $27.80 MINIMUM for the following week.
It's really up in the air after $27.80
Going short term Long.
GME trend line supportSome guidance for those who plan trading GME. Please be aware that this is a high volatile meme stock and size your position accordingly.
GME!!! Very cool how even this respects our algorithms!This is what I'm seeing on GME (technical analysis wise) - who knows what that actually means for this thing.
Happy Trading :)
GMEReasons for execution
1)PML & PWL LIQUIDATED
2)+BOS EXTERNAL
3)0.236 FIB RTM
4)positive OF
5)1.618 Fib Expansion
