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GME trade ideas

GME Potential for Bearish Continuation| 1st Sept 2022On H4, with the price moving below the ichimoku cloud, we have a bearish bias that the price may drop from the sell entry at 28.47, where the swing lows anmd 78.6% fibonacci retracement are to the take profit at 22.29, where the swing low is. Alternatively, the price may rise to the stop loss at 32.51, where the overlap resistance and 23.6% fibonacci retracement are. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NYSE:GMEShort
by Rockqet
Game Stop Buy to ShortWeekly- Range From 2021 to present consistent creation of lower highs between prices, 120.75-87.13, 67.20-64.50, and 41.25-49.85. Since the beginning of the year price has fail to break support at 19.40-24.50. In short price has failed to create new highs and lower lows, game stop is consolidated. Thesis- Potential for sell break out due to flat support and lower highs on the weekly. Consecutive lower highs provide strength to break the flat support. Daily- From May 2022 to Aug 2022 price correction provided buy opportunities to previous weekly highs between 41.25-49.85, clearing weekly liquidity, adding new life to the sell. Current price 30.71 is an area of structure and daily buy liquidity. would like to price go bull to 40.40 before continuing to go bearish. This will create another lower high on the daily, to add strength to the overall sell breakout on the weekly. Areas of Interest: Short - 40.40 to 45.53, 34.30-35.90,30.71, 25.60-26.86, 21.68-23.20 Long- 30.71, 25.60-26.86, 21.68-23.20 Confirmations: solid candle closure, preferably 8and daily candle closes within zone.
NYSE:GME
by THEFOREXDR
1
AnalysisOn this action, we notice that the line of resistance and that of the support converge, that is to say which go in the same direction. However, we could have a very nice uptrend if and only if the vwap indicator and the resistance line are forcefully broken by a large green candle and accompanied by large green volume. On the other hand, we could also have a downtrend continuity as we see if the support line is forcefully broken by a large red candle and followed by large red volume.Thanks for your attention.
NYSE:GME
by PAZINI19
6
$GME - Intraday Gap Trade OpportunityIntro: I hope ya'll got out of the trades as i posted/said in my previous post. I knew this cycle was weird. The play: With the dump of BBBY, GME being in the same short basket has moved down 10% which is expected. What is not expected is the intra-day unfilled gap it's left. If you're unfamiliar with gap trading, just google "Trading Gap". The TLDR is that all gaps must be filled (except a few). GME has NEVER opened this far away from last day's closing price before in at least the past 2 years now. The fact that a super massive gap like this has formed at this kind of price as well is insane. The effects of this gap is that due to the sudden and unexpected drop, on opening tomorrow algos are going to buy this up just based on technicals like RSI oversold, or MACD oversold cross and whatnot. The reason why i say this with so much confidence is that if you just look at GME's chart on the 1YR (Caily Candles) chart, you will only find 3 unfilled gaps, 2 of which were formed in the last 2 days. There was one at $76 ish formed in May's run last year that was never filled and the 2 more due to the drops of the last 2 days. Most stocks will almost never let a gap unfilled whether it takes days or years to fill it. GME being the stock it is with large spreads and it's supposed illiquidity does not have any gaps beyond these 3 as everything gets filled within a day or a few days at most. The play TLDR: The idea here is super easy basic and simple. You buy the bottom, wait for the gap to fill and sell. That's it. Tomorrow may have a bit more downside due to dealer dumping hedges or buying more due to what might happen tomorrow, not sure. Unless this gap is corrected overnight/morning, they have a big problem on their hands either tomorrow or by Monday when tomorrow's buy volume settles. Positions: Here are my positions for this trade. imgur.com In fact i got these 20 minutes before the market closed for the first gap and never even expected the second one. I'm legitimately excited because that second large gap in my experience typicall gets bought up real quick just based on it's oversold technicals. I've thrown my entire portfolio on this trade because that's how much i believe the gaps will be filled now that the BBBY saga is over. At most we have 1 more dumping day before this fills in my opinion due to clearing and settlement. Downside: -The downside of this could be that we see a slow and sustained drop over the next 3-4 months for GME down to like $24 from the current price. Losses on this shouldn't be too bad if you're betting just on the gap fill unless it somehow takes 4 months for it to decide to fill this gap which i highly doubt. The gap is close and fresh and can't be ignored. The Upside: -The upside of this is that the gap is fresh and close. Stocks close gaps like these either the next day or within a few days. With GME being the way it is, you can expect the gap to not only be simply filled, but to be OVER-Filled. We could see a PT of $44 before it normalizes again. In the best case, BBBY gains and losses get rolled into GME tomorrow because what else are people gonna do?
NYSE:GMELong
by leenixusu
37
GME Super Bullish For a Friday, that was one hell of a effort to push up, Even with the news of Ryan Cohens dump, GME pushed up and closed above resistance! Killing on the 4hr chart!!! Monday I’m All in on GME In anticipation of APE which will blow HKD out the water!!! Fintel data looks primed to squeeze Short Interest 59,908,446 shares Short Interest Ratio 5.74 Days to Cover Short Interest % Float 23.63% - source: NYSE (short interest), Capital IQ (float) Off-Exchange Short Volume 2,241,572 shares - source: FINRA (inc. Dark Pool volume) Off-Exchange Short Volume Ratio 67.61% - 900,000 shares available at 19% interest
NYSE:GMELong
by FibonacciN
1
GME FORECAST GameStop Corp. offers games and entertainment products through its ecommerce properties and stores. It operates through the following geographic segments: United States, Canada, Australia, and Europe. Each segment consists primarily of retail operations, including stores and ecommerce properties focused on games, entertainment products, and technology. GameStop offers new and pre-owned gaming platforms from the major console and PC manufacturers, sells new and pre-owned gaming software for current and certain prior generation consoles, and offers a variety of in-game digital currency, digital downloadable content, and full-game downloads. The firm’s stores and ecommerce sites operate primarily under the names GameStop, EB Games, and Micromania. Its pop culture themed stores also sell collectibles, apparel, gadgets, electronics, toys, and other retail products for technology enthusiasts and general consumers in international markets operating under the Zing Pop Culture brand. The company also publishes Game Informer, a print and digital gaming publication. GameStop was founded by Daniel A. DeMatteo in 1996 and is headquartered in Grapevine, TX. SENNA SEASON
NYSE:GME
by Bekiumuzi_Dube
8
GME RED DAY Bearish Short Term Pushed Back under resistance, very familiar move with #GME GME has been in a channel between $47.50 & $19.50 GME is still in a #Bearish Trend now that we have pushed back under resistance. My first price target is $33.66 hit in the after market Next $32 OPEN Next $30.99 Monday $28.99 Possible $26 by Monday Also Possible we tap $19.60 for the third time and totally break down around earnings, without any critical news Ryan Cohen 's attempt failed to make an effective dent with the 1 for 4 split. Shorts were still able to hide their position and continue to hold. There are currently no shares to short, but with the news of BBBY Ryan is feeling suspicious to a group of apes. Any how remember Stocks fall sharper then they rise! Ill Reposition Monday or Tuesday after the Storm! Short Interest 59,908,446 shares Short Interest Ratio 6.37 Days to Cover Short Interest % Float 23.63% Off-Exchange Short Volume 2,247,179 shares Off-Exchange Short Volume Ratio 47.94%
NYSE:GMEShort
by FibonacciN
4
Shall We Play a Game?GREETINGS PROFESSOR. Hello. HOW ARE YOU FEELING TODAY? I'm fine. How are you? EXCELLENT. IT'S BEEN OVER A YEAR NOW SINCE YOU LOGGED IN. CAN YOU EXPLAIN WHY YOU HAVE NOT LOGGED IN SINCE JUNE 18th, 2021 People sometimes make mistak YES THEY DO. SHALL WE PLAY A GAME? Love To. How about a game of Global Stock Markets. WOULDN'T YOU PREFER A GOOD GAME OF CHESS? Later, Let's play Global Stock Markets. FINE. WHICH SIDE DO YOU WANT? 1. GAMESTOP 2. STANDARD & POOR'S 500 PLEASE CHOOSE ONE? __
NYSE:GMELong
by SPYvsGME
2
$GME - August dump then runLooks like August might be a repeat of March 23 ish but possibly with a lot more upside even at these prices.. Not sharing too much details on this and why. Up to you if you're goiing to follow it. This is not financial advice. Also i can be wrong, but i don't think i am in this case. Warning: Read the text below very carefully. Do not skim it. It contains several very important warnings about this run up or down. What i estimate to be the August Opex into SLD settlement week: Aug 9-19 GME retraces down to $36, the whole market dumps, Vix pumps a little bit and MSM scares everyone with war and inflation and the next big crash etc, then suddenly around the 24'th of August everything goes green and suddenly war and inflation are over and markets pump. That's it in a nutshell. Now that i'm done dunking on hedge stock, back to the play. -Aug 9 to 19 the entire market dumps including GME and BBBY and the rest as it always does. -Things start to go a bit bullish at around the 19'th give or take a few days. The timing here is up to you. -The main run is expected to be at around the 24'th give or take a day or two. -The direction is unknown. I only know there is a big price event on this day. It may be big downs or big ups. -I would personally get pretty OTM options here at +25% spot price or more as this run looks like it might be the biggest one yet. (Remember, nothing is guaranteed in life, none of this may happen, maybe get some near the money calls instead and be safe before you lose money and start swearing???) If you're a degenerate, you basically know the drill. If you're new to all this, best close this page now and consider investing in an index or ETF as this is an extremely risky play as you're likely to lose money here. I'm serious. Reminder: -The market is likely to be down starting on the 9'th of August till around the 19'th of August give or take a day or two at most. -GME, BBBY and most other meme stocks like EXPR and all the 2021 runners like VUZI and FCEL and all those weird tickers that went nuts are likely to pump a bit, some will pump more some will pump extremely little. The ones that are expected to move the most are GME/BBBY and unfortunately AMC but for different reasons. -The actual price target is unknown and the numbers on the chart are a vague estimate based on swaps and resistances. Info: -All i can say is that if March was a x1, then August is a x27. The notional amounts traded in swaps is absolutely bonkers and indicates that this is either another March run or a January 28 run. -There's also the chance that everything has been derisked on the 8'th of August and there may be no run after Opex in August. This is extremely important. We may see action similar to November 23 where everything crashed as there are similarities with August and November. Be EXTREMELY careful. The data on this is still being reviewed, but preliminarily it looks very good. This may change without notice upon discovering something new. About the whole meme stock thing: Basically any meme stock you buy you're gonna be fine. GME, BBBY, AMC etc. I don't like AMC and i wouldn't suggest touching it as it's used as a hedge against the entire meme basket. Pumping it helps end the GME/BBBY and general meme pump quicker. AMC pumps because it's being bought to be posted as collateral to the OCC's stock loan hedging program where you can post another security part of a short pair like GME/AMC to hedge against the other part of the short pair. In this case, AMC is being bought whenever GME/BBBY go up and is delivered to the OCC's loan hedging program. This is why AMC pumps for no reason on other stock's dividends or splits or whatever, it's hedging, just not the kind anyone expected. Updates to this play: -I typically post updates to my trade and regarding the play itself almost live due to how important it is to keep everyone updated for this kind of trade. I will be posting comments and updates to this post when the play is live and in progress. You need to be dilligent in reading those notes and updates in time and acting accordingly and correctly reacting to them otherwise you may exit or enter a position late and lose or even make more money than expected. -I sometimes exit positions early. I've lost plenty of extra gains due to this. Others have ignored my advice are have for the most part made a lot more money than i have. Keep this in mind. A random post of mine on Reddit about this, old and not updated. It's a DD about this cycle. I've been following the GME/Meme cycles for over a year and a half now and have been reading regulations, market mechanics, gathering data from FOIAs or other sources like equity swaps, options, etc and this is the culmination of my research e.g the ability to predict certain dates where there will be movement up or down on meme stocks and generally the market as a whole. I cannot predict precise price targets nor price direction. I can predict dates on which events will happen that cause either upwards price movement or downwards price movement. I do not know which of the two it will be. www.reddit.com None of this is financial advice. I am not a financial advisor. This play is extremely risky.
NYSE:GMELong
by leenixusu
45
$GME - Lessons For A LifetimeGME was, is and will forever be a major cornerstone of my development as a trader. Perhaps even the most important. Let me tell you why. Technical analysis is nowadays a widespread subject. Good material teaching is nowadays readily available. Books are abundant. Naturally, unless you're making a conscious effort to avoid learning this very effective tool, the odds are you know by now or you have heard of a "Bull Flag" pattern, a "Head & Shoulders" a "Hammer" candlestick pattern and whatnot. It's fantastic that you can recognise these patterns. They have always been printed in the price and will always be. Command them and you are one step closer to becoming a profitable trader. However, I must argue that you won't truly understand them until you experience them. Yes, you read it right. What do I mean? One thing is knowing that a head & shoulders is a reversal pattern formed when an uptrending asset, after peaking, fails to make a new higher high on its upcoming swing and eventually the price breaks the uptrending structure by making new lower lows. Another is understanding why this tends to happen. Over and over again. Throughout my trading journey I've come to find that the why is routed into two main foundations. GME was so important to me, to my journey as a trader, because it made me experience and deeply understand the forces that shape technical analysis and price action contents. The concepts immediately popping up in parallel with how I experienced them: 1. What FOMO feels like; Do you remember how it felt to see "apes' ' getting rich, the stock "going to the moon", the frenzy around this stock. I mean, not being part of the movement was deeply painful. How could you afford to miss the move? How could you live with the regret of missing the move in case it did go to the moon? The greed was real. That's the power of FOMO. It is a tsunami. Sounds familiar? 2. What Fear of Losing feels like; Do you remember? What did you feel once you stepped in late and repositioned and saw your PnL displaying bright red colors? I certainly do remember how I felt. It didn't take me long after I stepped in to realize it had been a bad idea. Once I was looking (blindly) at GME like a once in a lifetime opportunity, now I was just afraid all my money got lost. Eventually, the price did decline steeply, if you remember and my emotions evolved from fear of losing to a mixture of excruciating pain, regret and depression. I couldn't sleep for a few nights. Rings a bell? 3. The importance of position sizing; Of course being so confident that that was a sure thing made me take way more risk than I normally took. The feedback loop for that decision was immediate. I will never do it again. 4. The importance of risk management; Same as above. No stop loss, position size grossly neglected ... I mean, deliberately disregarded. It was just a mess. The exact opposite from sound trading decision making and execution. Guess what? The feedback loop for that decision was immediate. I will never do that again. 5. The importance of thinking for yourself; r/wallstreetbets was flooded with bro science theories about what was happening and what was about to happen. By the time I considered myself and the number agreed, I was a consistently profitable trader. I had my own system devised by then. I still took the bait for all these theories. Of course GME would go to the moon. Immediate feedback loop. 6. The importance of staying away from the noise; On the sequence of the above. This is pretty much one of the lessons that arises from the above mistake. 7. The importance of creating your trading system; By the time I went through this experience, I already had my trading system. I still fell for this trap and allowed chaos to express itself. However that experience made it clear that having a full strategy with buy, sell triggers and risk management objective rules was of the essence. With the right discipline to execute the plan one knows what is not the plan. GME was not the plan that my system created. 8.The importance of cultivating the discipline to follow it no matter what; The key after having your system laid down is to cultivate, nurture and enforce the discipline and required state of mind to execute your system ... systematically. You ought to function like a casino, whose only preoccupation is to keep the wheel spinning and trusting the edge the casino knows it has over the long run. This was a lesson I knew already, theoretically. This experience was the ultimate test. I failed. It won't happen again, I promise you that. 9.Why resistance, support and chart patterns are formed; Remember that moment when I was feeling panic and depression when I saw my PnL in the deep red? Do you know what else was going through my mind? I was praying to all the known Gods there are for a second chance. For a chance to get to breakeven, cover my position, learn my lessons, lick my wounds and move one. They must have been listening. I got that chance. I sold it. Do you know what I helped to create as a seller in the market? Resistance. That's right. Look at the chart. It shows. These feelings and prayers were common to a lot of investors, you bet your ass, and this is part of the explanation for the downward sloping yellow trendline you'll see right in the first chart below. These are the most remarkable and extremely rich lessons I ultimately learned from GME. I was lucky enough to have paid close to nothing for these lessons. Having this said, GME keeps on trending, triggering investors's curiosity and capturing their attention. I leave you with some insights on the chart after this bulky development.
NYSE:GMELong
by ruben_rodrigues
1