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GME trade ideas

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.
NYSE:GMEShort
by cerealindicator
whats wrong with gamestop?nothing more than usual. the price will usually have major fallout from large distributive bull moves that fail to break through resistance when it double tops at monthly or weekly highs. this is still a beloved name for a lot of investors that will probably continue to be volatitle. i would long if we break through this daily cypher, and take profit at the Be-Ob level marked out here. i would stop out if we fall through this ChoCH level marked out below. this signals accumulation. not expecting much action out of this until we regain the weekly uptrend, or lose the monthly higher low.
NYSE:GME
by cerealindicator
$GME about to blowThe last time the MA200 ascended from a golden cross was in September 2020 and it is currently ascending from a golden cross that started in May 2024. Looking at the first volume spikes starting in September 2020, if we are repeating now and the shorts haven't closed we should see about 4 times the volume now because of the split. Looking at the volume in May, it seems about right. Not advice, only my opinion, you must do your own DD and what is best for you. You only live once.
NYSE:GMELong
by vanzylik
GME GameStop - Short Squeeze in the Making!If you haven`t bought GME before the previous breakout: Now you need to know that GameStop (GME) is creating a buzz in the options market, especially as it gears up for an exciting week ahead! After experiencing an astronomical increase of over 121X in less than four months in the past, GME has captured the attention of traders and investors alike. This dramatic surge in price has raised speculation about the potential for another gamma squeeze, reminiscent of the impressive rallies seen in the past. With calls at the $125 strike price set to expire on January 17, 2025, there's palpable optimism in the air! The notable volume of these calls suggests that investors are positioning themselves for a significant move. Traders are eager to capitalize on the momentum that GME has built, especially with historical patterns indicating that such surges often lead to increased volatility and price spikes. The options chain for this Friday looks extremely bullish, with an uptick in activity signaling strong demand for GME calls. The convergence of high open interest and the upcoming expiration date has the potential to ignite a new wave of buying pressure, further fueling the chances of a gamma squeeze. As more traders enter the market, the cascading effects of rising call prices could push the underlying stock higher, benefiting those who are well-positioned in the options market!
NYSE:GMELong
by TopgOptions
MOASS: Match LightingOk lets recap our main targets and ideas for MOASS: Target Price: 1800-2400 w/ major potential for pockets of trades to execute at much higher levels Duration: Oct 2024 - July 2025 w/ a major move to new all time highs taking place between Oct and Feb Key Date: Oct 21st 2024 should see volume and short volume begin to increase VWAPs are the key and price will be supported by VWAP all the way to MOASS conclusion What now? The main data point that we are watching like a hawk is SHORT VOLUME Increasing short volume is the MAIN indicator that will signal both the START and END of MOASS When you see short volume RAPIDLY INCREASING during MOASS it means that they have lost control of price and are desperately trying to short it down You will see that DECREASING short volume will always signal a current or imminent decrease in buying pressure..although because of the nature of a squeeze that may not always translate into a decline in price So now we wait.... M O A S S
NYSE:GMELong
by Heartbeat_Trading
15
MOASS: How Will We Know Its OverSo far in our coverage of GME we have told you how high we think price will go during MOASS and also what technical triggers we think will lead to take off We have also told you, from a timing perspective, when we think MOASS will kick into high gear (Oct 21st) What we havent told you is how to know when MOASS is over The short answer is: A break below VWAP As we told you last week VWAP is a key data point that Institutions/Hedge Funds use to identify ideal entries/exits Its also a key data point used to define acceptable risk (i.e. XYZ standard deviations from VWAP things break) Like the Jan 21 squeeze this one will most likely be triggered by a Short Squeeze/ Gamma Ramp which will lead to forced buy-ins and extreme delta hedging In a Short Squeeze/ Gamma Ramp environment VWAP is THE MOST IMPORTANT DATA POINT TO SHORTS As long as price is ABOVE VWAP its not advantageous for them to close their positions... And that is why your trigger to know that MOASS may be winding down is that first dip BELOW VWAP after price explodes M O A S S
NYSE:GMELong
by Heartbeat_Trading
17
GME - The cat is gone, the mice try to keep the party goingDoing a technical analysis of NYSE:GME might seem idiotic and pointless. We all know price is ruled by Reddits and social media posts. It used to have its moments due to a kitten, with insane movements. The kitten has fled, and the Reddits still claiming this is the best company ever do not have the power to keep the stock up. Management has proven several times they do not care about shareholders, instead they see them as a tool. They have taken advantage of shareholders more than once, and they will again. Price is now in a kind of limbo, wedge pattern. This will not last. The company has a full bank account, but has not shown or communicated anything about any potential investments. In fact, they have shown signs of trying to save the obsolete business of yesterday by closing some stores. I am fully aware that something must be going on behind the scenes, but it has been a story for some time. NYSE:GME still has the right to issue/sell more a lot of shares, and given their history of totally ignoring and abusing their shareholders, I expect another dilution of shareholders. Continued no news, reduced interest, no hope of the kitten rescue, lower highs on the chart, I feel the lower channel band will be broken and we face the support around $15, then $10. Without RK, and a non-communicating RC there is no case.
NYSE:GMEShort
by WeRideAtDawn
5
MOASS- Oct 21st...BOOM!We thought we would use this weeks post to highlight exactly what key triggers we think will signal lift off Its widely known that VWAP levels are a key data point in almost all institutional algo trading systems VWAP is important because it helps the algos identify optimal levels to enter/exit positions and define risk The movie Margin Call does a good job of demonstrating how VWAP is used by firms The Models they reference in the movie are using VWAP and Standard Deviations of price from VWAP to define acceptable risk...specifically margin and liquidity requirements Price breaking too many standard deviations from VWAP is what caused the music to stop..its how they lost control of their shorts and derivative positions Based on those researchable and verifiable facts, the defined VWAPS on the chart should be trigger levels for SWAPS/ Short positions Case in point if you do the math, the 2022 swap agreements were entered into at a price of approx 37.92 Assuming that those positions were setup to be profitable if GME declined in price, the SWAP/Short holders need to ensure that they dont let price break and sustain above that level And what does the chart show? Since 2022 price has spent significantly more time UNDER 37.92 than over it EVERY time price has broken over that level it is immediately shorted down Conversely notice that VWAP since the 2021 squeeze high is at essentially the same price as the 2022 Swaps...WE DO NOT THINK THAT IS COICIDENCE Ok great so we rocket ship once price breaks 37.92/VWAP since squeeze high...when is that going to happen Heartbeat Trading? Short Answer: Oct 21st From an Elliott Wave time perspective the 0.618 and 1 fib tend to be when price starts to get volatile and volume begins to flow in When price is in a bullish price structure that usually results in significant movement higher in the direction of the prevailing trend Since this is a short squeeze play we also anticipate seeing an exponential increase in Short Volume beginning Oct 21st So now you know the main things we are watching and when we really anticipate price to run M O A S S
NYSE:GMELong
by Heartbeat_Trading
12