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GME trade ideas

$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
NYSE:GMEShort
by mike-ai-automation
1
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.
NYSE:GMEShort
by Rendon1
9
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. 🚀📊
NYSE:GMELong
by fxtraderanthony
13
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. 📈🚀📊
NYSE:GMELong
by fxtraderanthony
4
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. 📊✅
NYSE:GME
by fxtraderanthony
13
$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
NYSE:GMELong
by AlgoTradeAlert
3