GME trade ideas
$GMENot financial advice.
NYSE:GME Crazy study
few ideas Fibonacci numbers align exactly with gaps in purple boxes also it can be healthy A,B,C correction.
Like and subscribe for more ideas.
Thanks.
📉 GameStop Major Volatility, Grows 551% Ahead of CPI = Bearish➖ GameStop (GME) hit a low 15-April 2024 and has been green since.
➖ Bitcoin (BTCUSDT) can be seen turning green today.
➖ Today is the release of the CPI numbers.
➖ GameStop (GME) grew by 550%+ in a little under four weeks, which is amazing growth. We can see a huge gap that is likely to fill next and medium-size, yet above the weekly average for the past 3 years, trading volume.
The CPI dynamic vs major markets is quite easy to predict, how these numbers affect the market?
➖ Some people swear that these numbers are the main force driving everything in our lives including the financial markets. Depending on what these numbers read, our life materializes... Not me, many people think this way.
➖ Others think that the CPI has no effect on Bitcoin and some of the financial markets as a whole. These people see the CPI more as a symptom rather than the cause... Not me, many market participants think this way.
👉 When the market is set to move higher before a major report release of this kind, there tends to be a drop before the release of the report. The release of the report would then match market sentiment and expectations and we see higher prices. Higher prices is normally preceded by a drop.
👉 When the market is set to move lower before a major report release of this kind, there tends to be a rise, a very strong and unpredictable rise in most cases, in price before the release of the report. Once the report is released, market sentiment changes and the market turns the other way.
It is possible we are seeing this major bullish action on the GME stock because the market is set for a major correction a few hours or days after the release of the CPI inflation numbers.
Namaste.
GameStop Jumps Again - Up 118%GameStop shares recently surged by 118% in two days, coinciding with the return of Keith Gill, known as "Roaring Kitty," who ignited interest with a cryptic social media post.
This event underscores the ongoing challenge that meme stocks like GameStop pose to traditional financial analysis.
Historically, GameStop experienced a massive spike in January 2021, with shares increasing over 2600% due to coordinated buying by retail investors on platforms like Robinhood and social media forums.
Although the stock quickly lost nearly 90% of its value from its peak, showcasing the high risks of such volatile investments, it has shown signs of recovery.
After a period of stagnation, GameStop's stock rose sharply by 75% on Monday and saw early gains of 113% on Tuesday before settling to a 60% increase by the day’s end due to selling pressure.
With the stock's history of dramatic fluctuations, there is potential for surpassing its all-time high of $120, but significant volatility remains, with the $50 mark being a critical resistance level to watch.
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See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
GME the dragon The time has come and it’s no coincidence. Numerology and experience front runs the market. Saddle up as it will have a very small retest low on this previous pump but will ho higher is the idea. Time will tell and hopefully time pays
$GME gamestopGME Crossing $80, pay attention for short opportunities
macro: NVDA should've pumped to new highs
FA: n/a
TA: $80+ to $120, or ideally $120+
daily exhaustion gap
targets around $120, $150, $170, $180, $200
P/MA daily targets of 3.5x, 9x, 20x
SA: google trends new ATH
normies talking about game stop
Andrew Tate talking about game stop and memes
GME in daily chart Hello
As we all expected , this symbol reversed (if it is impulse) but what is really important for me is the correction pattern that GME is going to make in the next week. In terms of Elliott Principle, what did happen today morning was Smart Money as wave 1 which is not for us unless you would sit in the front of your screen for more than 1000 days to catch it or having the right news.
If it is wave 1 that I think it is, so we should see its correction dip down (probably) to cover the gap (but it is not a fact).
Let it show us next movements and do not rush to get in.
We must find a reliable set up first for our entry point, so just wait far from FOMO.
Thanks
GMEWhat a lovely market cycle for gamestop . since we have dipped inside the previous structure on a monthly look for the reversal coming up soon.
Time to "I like this stock" again.
Personal short term target is 40$+
GME In accumulation zoneNYSE:GME Price action is telling me it worth averaging down and buy the stonk:
- We are in the accumulation zone.
- RSI Divergence is obvious
- We are getting close to an earning call
- We are approaching historical support
My Strategy:
- Like any other APE I am deep red :)
- I like the stonk so I continue to average down
- I will either die a hero or live poor forever
NFA
GME CHART, WE LIKE IT, WE LOVE IT, WE WANT SOME MORE OF IT.HERE is the always the most popular chart I end up sharing.
GME.
It seems a break out is about to occur and the buy target is basically now or very soon.
Downside is minimal, price is at trend support.
Looks like a lot of upside potential.
I like $20. And then there is always potential it really cooks to 64.
but don't count on that.
Focus on the trends, and right now, you have a better than average chance buying into this dip.
Good luck!
Feel free to toss out any questions.
Feel free to disagree.
Feel free to use the chart however it may help you.
1436+ P/E RATIO ON $GME ... Long Squeeze Imminent by HedgesLast call to pull out longs, 6-month short sell option available for all players who do not believe in market manipulation. Why does a failing company to Amazon have 1436+ P/E ratio? This world is ridiculous. Please sell now or get completely obliterated by smart money.
Thank you, and love,
dysonring2050
GME recovery from Financial Institutions Halting and dumping dayPractically they have performed a reversal known equivalent as a rug pull generated by investors rally , this has lowered price while they take advantage of liquidity generated, for now S&D zone is being establish under Premium Price considering the ~200% 2021 target. Based on this the HH might be lowered to at leas a 30% , thus 60+ dlls which is considered a premium price is a risk free take profit zone. 81 dlls was the HH based to the above .75 points of the Gann box gains at very aceptable profit. But Holders might be looking to a 91dlls target at most. For this to happen the price needs to break discount price of ~62dlls and LL not touch or pass 43dlls.
[WSB] How to trade the GameStop Short Squeeze!r/wallstreetbets recently picked up the GameStop Stock (GME). Why? Because we basically have free money sitting here.
GameStop struggled with keeping up with the growing digital gaming market and the price plummeted.
With a strong focus on E-commerce, a strong brand with over 55 million PowerUp members and a solid team (Source: r/wallstreetbets "GME FULL STORY),
we will most likely see further growth in the company in terms of revenue and stock price.
I made this chart to verify important levels and an in depth trading-plan to reduce the risk as much as possible.
Everything relevant is on the chart. The Cup & Handle Pattern is one of the easiest patterns to trade and extremly powerfull to extend
a strong uptrend - which is highlighted by the Ascending Parallel Channel.
Please make sure to place a Stop-Loss order and place your buy after the confirmation with a Breakout-Candle.
Let me know if there are any questions and feel free to discuss in the comment section.
cheers
$GME: The Next Big Move You Don't Want To Miss 🚀Hi everyone,
Welcome back to another technical analysis update that has proven effective! Here's a quick recap:
RECAP:
Using our MTTSA/Metric Pro indicators, the price moved above the hourly mark indicating an upward trajectory toward the daily mark, which it successfully reached. After a brief dip to the $10.70 range, it climbed back above the hourly and broke past the daily level. The price then ascended to the weekly resistance, previously unbroken in three attempts, but this time, GME surged through it, reaching a new daily high of $17.43.
CURRENT STATUS:
I believe the options chain is primed for a Gamma Squeeze, marking the beginning of a potential major move toward the monthly resistance at $20.
What is a Gamma Squeeze?
A gamma squeeze occurs when the price of a stock rises sharply as market makers who sold call options must buy more of the stock to hedge against their increasing exposure, thus driving the price even higher.
CURRENT STATUS cont.:
If GME can surpass and sustain above this level, we might witness a squeeze surpassing the one from 2021. Using the Fibonacci sequence from the top of 2021 to the recent low, our targets are: 0.236 ($17.92), 0.382 ($25.79), 0.5 ($34.63), 0.618 ($46.49), and 1.618 ($564.22). GME needs to break past the 0.236 level to progress to the 0.382. Watch for resistance at the 0.5 and 0.618 levels. Additionally, GameStop has broken out of a three-year wedge pattern, which could be significant.
DOWNSIDE SCENARIO:
Should there be a retracement, look for GME to potentially fall back to the weekly level at $14.36.
CONCLUSION:
As always, this isn't financial advice, but prepare yourselves—this could be a monumental ride past the moon, heading straight to Pluto and beyond!
GME Descending triangle breakoutReasons for bullish bias:
- Descending triangle breakout on a weekly
- Entry at LH breakout
Here are the recommended trading levels:
Entry Level(CMP): 28.67
Stop Loss Level: 16.22
Take Profit Level 1: 37.83
Take Profit Level 2: Open
I Wouldn't play this "Game' until $21...I Wouldn't play this "Game' until $21... mark my words we come back to $20.73 within a week or so!
GME Bull Flag BreakoutGME broke out of a bull flag on the 1hr this morning and rejected pretty hard, but held perfectly on a retest. Looks ready to try another leg up soon.
Technical Analysis of GameStop Corporation (NYSE: GME)GameStop Corporation (NYSE: GME) closed at $30.45, exhibiting a significant bullish momentum with a substantial increase of +74.40% in the latest trading session. The candlestick pattern shows a strong bullish engulfing pattern, indicating a potential continuation of this upward trend. The Ichimoku Cloud analysis reveals the price has broken above the cloud, suggesting a shift from bearish to bullish momentum.
Key Indicators and Moving Averages
Relative Strength Index (RSI): The RSI stands at 88.24, indicating that the stock is in overbought territory. This suggests a potential for a pullback or consolidation before any further upward movement.
Stochastic Oscillator: With a %K value of 79.86, the stochastic oscillator also confirms the overbought condition.
Moving Averages:
The Exponential Moving Averages (EMA) are all signaling a strong buy across different periods (10, 20, 30, 50, 100, 200 days).
The Simple Moving Averages (SMA) also indicate a buy signal, reinforcing the bullish sentiment.
Oscillators and Momentum
Momentum (10): With a value of 19.16 and a buy signal, momentum is strong, suggesting sustained upward price movement.
MACD Level (12, 26): The MACD level of 2.48 with a buy signal further supports the bullish outlook.
Average Directional Index (ADX): The ADX is at 42.29, indicating a strong trend is in place.
Financial Overview
Earnings Per Share (EPS): The forecast for Q1 2024 is -$0.09, with revenue estimates at $1.05B. The earnings surprise in recent quarters has been mixed, with notable positive and negative deviations from estimates.
Profitability Ratios: The return on assets (ROA) and return on equity (ROE) are negative, indicating profitability challenges. However, the current ratio of 2.17 suggests strong liquidity, and the low debt-to-equity ratio of 0.45 indicates financial stability.
Speculative Price Targets and Trading Strategy
Short-Term Price Target (1-2 weeks): Given the current bullish momentum, a speculative price target of $35.00 is achievable if the volume supports the price action.
Medium-Term Price Target (1 month): If bullish momentum sustains, a target of $38.00 is feasible, considering historical resistance levels and overall market conditions.
Long Position:
Entry Point: Consider entering a long position if the price breaks above $31.00 with strong volume.
Stop Loss: Set a stop loss at $27.50 to protect against potential downside risk.
Target: Aim for a short-term target of $35.00 and a medium-term target of $38.00.
Short Position:
Entry Point: Consider a short position if the price shows signs of reversal and falls below $28.00.
Stop Loss: Set a stop loss at $32.00 to limit losses.
Target: Target a pullback to the support level at $24.00.
Conclusion
GameStop Corporation exhibits strong bullish momentum, backed by significant volume and favorable technical indicators. However, the overbought conditions suggest a potential for short-term consolidation. Traders should watch for price action around key levels to confirm their entries and manage risk with appropriate stop losses. The next few days to weeks will be crucial to determine if GME can sustain its upward trajectory or if a correction is imminent.
Squeezer $GMEwww.tradingview.com www.tradingview.com
NYSE:GME Squeezer aside It will take time, IF squeezer happens it can fast track this
Ill Update as we go
This could be a much larger Move.
If this is a 5 wave of one this means were in a 1 of 5 impulsive move up to Pre NASDAQ:TSLA split prices
I'm not saying anything
I just like the stock
GME Breaks HH the Liquidity Generated 3 years ago might be used in 2021 GME unjustified and most likley no t approved by many Financial Institutions Created its historic HH , this means Liquidity generated by that moment is still around to create a new HH with this Trend Change and Structure Break which so precisly grabs liquidity to generate its HH of the day.
GME Gamestop Technical Analysis and Trade IdeaHistorically, GME (Gamestop) has been in a downtrend when we look at the monthly time frame. However, recent developments indicate a potential shift in the trend. As we zoom in on shorter time frames (weekly and daily), we observe signs of bullish momentum. Buyers may find opportunities in these time frames.
In a video, we explore a potential trade idea. First, on the 4-hour chart, we notice that the price has retraced into an optimal buy zone. Next, we delve into the 15-minute chart, waiting for specific price action confirmation before getting involved.
Remember that trading carries inherent risks. This information is intended for educational purposes only and should not be considered financial advice. Always manage your risk wisely. 📈👍
GME GameStop Options Ahead of EarningsIf you haven`t sold GME before the previous earnings:
Then analyzing the options chain and the chart patterns of GME GameStop prior to the earnings report this week,
I would consider purchasing the 13.50usd strike price Calls with
an expiration date of 2024-3-28,
for a premium of approximately $1.41.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
