Get started
GAMESTOP CORP AGAMESTOP CORP AGAMESTOP CORP A

GAMESTOP CORP A

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Bonds

GME trade ideas

8/23/24 - $gme - the OG meme, game time?8/23/24 :: VROCKSTAR :: NYSE:GME the OG meme, game time? - first, i debated whether to write this. but anyway. this is an open blog to myself. if you guys want to interact with me or this content, great. but it's a weird trading log because i've always struggled to capture my ideas and reflect on them. - with that out of the way. i just did a lil ape into some GME calls for next week. nothing major. but 20 bps. so not insignificant for some weeklies. IV sub 50% seems kinda cheap considering a few factors. 1) the stock has held up nicely since the recent move in early may. still hugging the .786 fib. TA matters more for this one, so no fundamental stuff here. 2) earnings is not next week, but the following. the apes usually show up before the event, but not this early. they're playing salad and space laser memes at the moment (i wish i was joking, but it's a good thing to have donks at the poker tables sometimes). what this means is that any bid to the stock might allow you to see IV inflate, stock does a lil gamma gamma move and you're sitting on a double and can remove half the size and ride free on the rest. that's my current plan. 3) NASDAQ:NVDA next week. ALL ELSE EQUAL the market is in risk on mode. y day a lil dippity doo dah was nothing to scare away ever increasing global M2 and powell is signaling similar. while i don't think this means we still don't have one more leg down (which is why my portfolio is pretty consolidated in 35% discount to NAV OTC:GDLC and some NASDAQ:NXT that is already in value zone... both of which i know well... while playing earnings like NASDAQ:PDD next week and other event driven stuff, i'm still pretty cash heavy with flexibility). 4) i am picking up increasing newsflow that the show here isn't over. i'll leave it at that. the stock px tells me there's a greater than 50% probability of this. institutions also have their hands around it at this pt and short interest remains high. 5) i think all else equal risk to the downside given how the stock has traded remains low for the upside potential. it's been some dead money in the last months which is why IV is so low and we are a week and a half away from EPS which is enough of a catalyst to start the gossip, tweet machine again. the OG meme has ample cash to not need a raise. not burning a ton. trends suck, yes. but that's all known knowns and so i'd argue "priced in". ... so that's that. perhaps i should start a degen friday once a week post. i've had some weird rec's to this extent. but again, capturing my thoughts for myself. if you have something to add, i'd genuinely love to know it. it's more fun to do this in a group which is why i'm airing out my laundry and trades. still shooting well, and attempting to remain humble. but looking to have fun on this one. i take the shots on these where i think my odds are better than 50/50 and i keep the sizing reasonable. memestonk <3 V
NYSE:GMELong
by VROCKSTAR
3
$GME - Small Update"PLEASE READ" Seems that the last little indication of something happening didn't actually quite pan out according to my data. There's very little chance of something occuring this and next week although the possibility exists. I see from a different dataset that i have that it's more likely that we may see something around the 5'th of August or 28'th. It's WAY too early to say anything for sure, these are just very very very early indications of something occuring. My data may flip negative way before we even reach these dates. Obviously i will let you know before those dates wether my data still looks positive or if it's flipped negative. The above chart will be invalidated if it flips negative, so please keep an eye out on UPDATES to my post as these are more important than the graph i've drawn. I have a lot of data but nothing publically digestible/understandable yet which is why i'm not sharing anything here today. It would take too long to explain the charts/data that i have and very few people would understand, instead i'm letting you know verbally what's happening so you don't have to worry about the analysis part.
NYSE:GMELong
by leenixusu
20
A further 1700% move to $600 for Gamestop in 2024?Bet that title got your attention. Well it might not be as crazy as it seems. An exercise performed by yours truly is to scan through monthly charts on the beginning of each new month. Takes more time than you imagine. Gamestop is certainly worthy of attention on the monthly time frame. On the above monthly chart: 1) It is without question, past resistance confirms support with the close of May on the horizontal support / resistance. Blue arrows. 2) The print for May is a bullish engulfing candle. A candle besting those that printed in May of 2020. 4 years later… Look left. 3) The “Breakout” in stochastic RSI is significant on this time frame. Momentum is surging. 4) The Bull flag pattern breakout is impressive but not yet confirmed. Ideally a backtest would print around the $15 dollar area. 5) Should a back test confirm support then price action is forecast to make a run to just over $600. Is it possible price action delights short sellers with urgently needed corrections? Sure. Is it probable? No. Ww
NYSE:GME
by without_worries
41
If you think $GME trades irrationally……Do you think the spikes we have seen on GME recently are just mindless fomo? Take a look at the weekly chart using Fibonacci retracement from approx the bottom of Roaring Kitty's super rally starting the week of his first YouTube video in 2020 to the top Now that we’re in 2024 and Roaring Kitty is back Where have they spiked to and where did they land? Where are we now? Remember every level of the fib retracement is important You decide HODL ROOOOAAAARRRRR DIAMOND HANDS
NYSE:GMELong
by Fibonaccivix
14
GME: a QUARTERLY THEORY thorough analysis (ATH will be reached)Here is the short explanation about the Quarterly Theory. It divides up a full session into 4 different parts. This can be for daily, weekly, monthly, year, 4 yearly and even longer sessions. The crux of the important part is knowing where to enter. The opening price between quarters 1 and 2 have major significance. If a long position is to be entered, it is always UNDER the opening price between quarters 1 and 2. If a short position is to be entered, it is always OVER the opening price between quarters 1 and 2. There are also basic price action theories that are required to be adhered to, to be able to enter into a position. Two lows or highs broken by significant price action will trigger an entry below or above the 1st and 2nd quarter opening price. I have done most of the work for the readers and quartered the price action of GME into 4 yearly slots.... Each quarter resembles a specific type of price action based on what the first quarter does. Here are the descriptions of each quarter: X - This quarter is either a reversal or a continuation. Typically trades should not be had in this period. This can be generally identified by price action in this quarter. Trades are typically not entered in a quarter that is defined as "X". This will either always be the FIRST quarter or the LAST of the 4 quarters. A - Accumulation: Accumulation typically represents itself as consolidative price action. Price tends to stay in a range. If Accumulation happens in the first quarter, it is not advisable to take a trade from this quarter. If Accumulation happens in the second quarter, trades can be taken. M - Manipulation: Manipulation price action will typically take out a high or a low from either accumulation or the X quarter. Trades can be taken from this quarter. D - Distribution: The price action will vary in this stage, but will sometimes act as a reversal from the Manipulation period or a continuation of it. This is typically when big players are earning their profits. Price action can be mixed in this quarter, but it is always either the 3rd or 4th quarter, depending on how the quarter started. There are 2 different types of quarterly variations. XAMD or AMDX. The first quarter is ALWAYS either an "X" or "A", and from there the pattern can typically be recognized. So let's talk a little bit about the current status of GME using the quarterly theory. As you can see on the chart, GME started a new quarterly cycle in 2019. The first of the 4 year period quarters was a reversal, so we know that the first quarter in the next 16 year cycle from 2019 to 2023 was an "X", as characterized by price action. From 2023 to 2027, price action will be in the "A" cycle (Accumulation). In this 4 year cycle, we can expect the price to be choppy and relatively rangebound as price consolidates, and market makers start entering into positions. So the question is: what kind of positions are these market makers entering? No doubt there has been a major short squeeze starting in 2020. Most of these big players are either offloading their short positions here, and/or have started accumulating for another upside move so they can get into the "action" that they missed. Lets take a closer look: In this zoomed in chart, we can see where price reacted from a POI, cleared at least 2 highs with significant ease, and immediately came back under the 2nd Quarter opening price, which we have talked about earlier is a significant entry point. Now that doesn't mean that you were too late on the trigger to enter. I have a feeling that we did not hit a POI when price jumped down below the 2nd QT open price, so the chances are still good for us to get into a position using a POI that is BELOW that 2nd QT opening price (to long from). Keep in mind, this price action will be consolidative in nature for at least another 2-3 YEARS at least, so if you're going into GME, don't expect to hit the moon without having to wait for the slingshot to speed up for the next couple of years. This general area is where smart money is buying. And yes, it is expected that the All Time High (ATH) above $120 will be cleared for liquidity. Don't be greedy... If you plan to hold for long, don't start thinking that this could go to like $500.... Could it? Sure... But it could also just double top immediately at the $120.75 price and immediately sink. That could be the manipulation quarter unfolding. Yes, GME is a LONGTERM buy.
NYSE:GMELong
by Zulu_Kilo