Time to buy GameStop? GameStop - Short Term - We look to Buy at 158.81 (stop at 130.88)
Previous support located at 145.98. Posted a Bullish Hammer Bottom on the Daily chart. Daily signals are mildly bullish. The bias is still for higher levels and we look for any dips to be limited. Risk/reward is ample to call a buy trade.
Our profit targets will be 239.71 and 293.57
Resistance: 253.00 / 300.00 / 344.50
Support: 145.98 / 132.00 / 117.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Gamestop
GME Gamestop! Impulsive prospects up to USD 530
Welcome to my in-depth and detailed analysis on Gamestop GME.
This analysis was first published on 11/22/2021 at 12:35 by me Highrisk221.
Date and time information is based on Berlin time zone.
We look at Gamestop in the 1 hour chart
As we can see in the chart, the price trend wärend the last high phase on 08.06.2021 at 17:00 put a correction phase which was ended with a trend break on 25.10.2021 16:00.
The price targets of the completed ABCD correction are indicated in orange lines and are at :
Target 1 275.89 USD
Target 2 306.38 USD
Target 3 323.67 USD
Target 4 367.06 USD
Target 5 392.84 USD
The MAximal target is given as 454.77 USD for this formation.
Two more Bullish Formation possibilities have now emerged from the trend break.
Formation 1 Would be a W formation, more precisely a W formation within a W formation.
The first W Formation starts on 09.06.2021 at 20:00 USD 324.68.
Forms the middle on 01.09.22021 at 14:00 at 232.48USD
And is still pending completion, which at the renewed reach of 324.68 USD
is completed. The course goals are not yet indicated in this analysis with, but as soon as the course 324.68 USD has again reached, are nachgetragen.
The subordinate W formation starts on 11.06.2021 at 16:00 at 240.68, and forms the middle also on 01.09.22021 at 14:00 at 232.48USD
The completion was reached on 03.11.2021 at 14:00.
Currently, the price trend is in a so-called retest, with an impulsive rise can be expected when exceeding 240.68USD.
The following targets can be reached:
Target 1 316.93 USD
Target 2 337.43 USD
Target 3 530.54 USD
they are shown in the chart as green lines
The second formation that can be seen is a Cup and Handle formation it is more or less the second part of the W formation.
The beginning of the cup is formed after the rise from 05.08.2021 to 01.09.2021 at 18 o'clock it was completed on 03.11.21 at 15:00 clock
The handle formed until 10.11.2021 22:00h and corrected in the area of 0.618 Fibonacci level.
The targets of the formation would be as follows:
Target 1 252.03
Target 2 274.42
Target 3 304.39
Target 4 390.74
Target 5 477.09
Target 6 530.45
I have published the cup here in a separate idea.
The whole analysis gets an invalidation as soon as the price drops below 156.62.
If you liked this idea, I would appreciate a click on the Like button ;)
If you have any questions, suggestions or a different opinion, don't be afraid to use the comment function.
Thanks a lot
Disclaimer/ Disclaimer of liability
Always do your own research before investing and seek the advice of someone trained to do so.
The analysis shown here is to be understood as my personal opinion on the possible price development of Gamestop GME, it was prepared to the best of my knowledge and belief.
However, I can not guarantee or warrant the accuracy, completeness or timeliness.
This analysis was published for informative and scientific purposes only.
It is not suitable for imitation or investment basis, and must not be understood as investment advice, buy, sell, hold or trade recommendation.
It is expressly discouraged, a trading decision or investment, based on my analysis or other published by me, information, articles, content or the like, to perform or make.
My analyses are always based on probability calculations and on my personal experience, so this analysis must be considered as a probability statement, which neither completely, partially so or so similar, must or can occur.
This analysis does not take into account any fundamental data!
You should also be aware that trading and speculation with CFDs, foreign exchange, futures, currencies, options, warrants, cryptocurrencies, shares, securities as well as other financial and trading instruments, whether leveraged or not leveraged, is always accompanied by an enormously high risk of loss, whereby you can lose part as well as your entire capital and possibly beyond (note margin call).
Before making any trading decisions or investments, always do your own due diligence and consider your investment objectives, financial circumstances, needs as well as your level of experience and expertise.
In addition, always seek advice from an investment advisor, financial advisor and/or bank.
Also, always check with your broker, bank, etc. about the exact and individual risks, terms and conditions, and whether or not you are subject to margin calls.
On average, over 70-90% of investors lose their capital when trading such financial products.
You always act on your own responsibility and therefore bear the sole risk.
I therefore accept no liability for any damage/losses that you may incur or suffer as a result of your own actions.
These red GME days are giving me reverse confirmation biasI consider GME to be the strongest buy right now, especially given the amount of selling pressure seen in the last month.
Why would a big player attack a stock so violently? I don't know. It must be the case, though, unless retail suddenly -collectively- just decided to pack up their things and leave right before Gamestop and Loopring's partnership is announced. Hmm. :thinking_face:
Moreover, why would ANYONE sell the next viable, up-and-coming competitor to amazon? Sure GME might be overvalued if they had just KEPT THE EXACT SAME BUSINESS MODEL FROM 2020, but they are evolving and expanding rapidly.
Don't take my word for it. Go and see all the strides they've ALREADY made. They're not touting that they're going to be the next e-commerce giant; they're just doing it. Not to mention the rumored NFT marketplace, which would be nothing short of groundbreaking. All you have to do is take your head out of the sand.
GME load up, ask questions later. NFAThis may be my only non-TA post. I think everyone knows the story by now, and I don't think it has changed since January. If anything, the company is growing and becoming stronger by the day. Historically, GME has always found support at around 140$ range and I think it is logically a great price to buy in. The only TA I could give is the bullish divergence on the hourly. I'm personally going heavy. Invest wisely and thank you.
Is GAmeStop ready to moon?$GME made a bottom reversal on Friday to close at $159. That bottom looks like it’s behind us. I want to see it at least break the 5 day at $166.67, which I think where it’ll try tomorrow Monday. So it is not quite ready for a full reversal just yet. It has not broken the downtrend yet and the death cross is close.
Like and follow for more, comment if you want to discuss
Volume 4: Gamification of the Stock MarketsIt's time for another volume of SPYvsGME.
I haven't been writing much about GME for some time now because I was in a dark place and needed to take a break to clear my head.
I spent a majority of my time getting refocused on work, family and learning to trade in my spare time.
Now it’s about time I explain how I started my fixation on the stock markets and GME some 10 months ago (Jan 27th to be exact).
Elon's tweet was really what caught my attention, but it was the fact that Gamers were being attacked in the media for causing a market calamity that upset me the most.
I was offended. I'm a lifetime gamer ever since I turned on an Atari for the first time. I'm an OG Twitch lurker (before it was twitch, aka justin.tv). Playing games was my life.
What's really sad is I gave up video games to join the biggest game on the planet. The Stock Market!
It was quants (quantitative market analysts), MSM, and investors whining about gamers invading the stock market over covid that solidified my love for the game.
It wasn't until I got burned by VIAC and Archegos Shenanigans that made me realize everyone treats it, even the banks, government and main stream media, exactly like a Game.
After losing a gross amount of money on VIAC, and everyone telling me to suck it up kid, it made me realize the rules were the same as games.
There is always a Winner and there is always a Loser.
People on reddits wallstreetbets didn’t like my opinion very much because I saw through the DFV and citadel narrative the first weekend after Jan27th.
Without any prior knowledge of markets or GME I was able to dig past the noise and find real truths that nobody wanted to listen to. I still don’t like talking about what I found that weekend, and likely won’t try to anymore.
The more I dug that weekend, the more I realized it was all just a larger game taking place and gamers were the target.
Banks wanted all the stimulus money in the markets and knew the only way was through Crypto and Gamification of the stock market.
Truckloads of money were being invested into companies like Robinhood prior to Covid and Gamestop.
Robinhood was making crypto and stocks a gamer's dream, and they all knew it before GME.
The problem was that we gamers were being led to the slaughter where titans like hedge funds Archegos reign supreme.
What I don’t think they anticipated was how the best gamers are lifetime gamers. We never quit the game until we win. I don’t think they understood the gamers they were openly invited into the game are the people that made their lives so easy.
The coders, the accountants, the garbage men, the chefs, the waiters, the dishwashers, the delivery guys were all lifetime gamers. We would do our mundane jobs every day and live out boring lives until we got our chance to be titans in our dark rooms and basements with only a monitor to light our faces up.
You thought we were fat slobs that never left our mom's basement and screamed “MAaaam, More Hawt Packeets”. When in fact we are the core economic resource that made the wheels spin.
We thrived in our video games, we could be who we wanted to be and do what we wanted. Play the games we wanted and win the way we wanted. We were in control of our games. In control of our lives.
Now that we are here and markets have all our stimulus money, they want us to quit. Guess what. #NotLeaving.
10 months later, we’re still here. We’re like roaches, you can do everything to try and get rid of us. You may get some of us, but you’ll never get rid of us all.
You enticed everyone to load up on more bad debt and margin to collapse the world economy 4x over and now you don’t know what the hell to do with us.
I’ll give you the secret. Don’t try to force us out. Help us manage our lives and the game because those of us that want to be here are not leaving and continue to level up every day.
There are so many seasoned investors to learn from here on trading view, Reddit, Fintwit and discord rooms you can’t silence them all.
You can pile on rules and regulations but you fail to grasp that we are here to win. Rules are meant for games, the real gamers will play by the rules and win by the rules because of our ability to adapt to rules that are constantly being changed to slow or stifle our progress.
You are our opponents in the game. Expect to lose some because we are sure as hell are learning to win the longer we play the game.
Game On!
Is history repeating itself? GameStop-the run up part two. It appears that GME is preparing for launch on the monthly time frame. Candles from pre January liquidity test are printing same pattern.
My preferred method of trading GME is quite simple. I buy big bags via IEX, I DRS as soon as shares settle, I rinse and repeat.
GAMESTONK... WHO IS READY TO BREAK THE INTERNET AGAIN?If you hold Gamestop I'm so happy for you. I personally only hold AMC but I don't care which stock skyrockets or squeezes first. The other will follow. That's facts. GME has either bounced or been rejected by the long-term trendline from 04/03 2020. It has respected the trendline as support 9 times. Friday the trendline was respected again. A lot of people were fearful this week on GME and AMC. I don't understand why, if you look back at the history of GME's chart you can see this correction or dump is not even the biggest. It fell 37% one month before the squeeze on January 28th. It fell almost 25 % two weeks before the squeeze. The volatility is normal when it comes to GME and AMC. If you've held this since January last week was nothing. This is usually what occurs before a squeeze or a big run-up. We closed above a strong support (168-169) which was also a good sign for the future. GME is looking primed for another squeeze.
Gamestop Analysis 29.11.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
GME GameStop Extremely Bullish Option CallsIf you haven`t bought at the support:
Then you should know that today GME Gamestop had some of the most extreme out of the money short term calls expiring Nov 26 with a strike price of $500!
I see a short term upside potential of $280 (the next resistance)
Looking forward to read your opinion about it!
Is GME ready to take off?In my previous analysis I discussed AMC.
GME looks to be in a very similar position as it is retesting a trend it hasnt visited since its last parabolic move to $500. It is also in a wedge and possibly a bull flag.
Anticipated moves for a bullish breakout range from $250(based on the base of the wedge) to $450 based on the last measured parabolic move. Which would leave us anywhere from $450-$650!
What do you guys think??? Let me know!
The next $GME Bull Run is hereTLDR: November 23 is the day where the first big mega candle appears.
The runups happen every 90 days like clockwork for all meme stocks, but have a bigger impact on the 2-3 main meme stocks with the most options volume. In this case it's GME & Popcorn stock. Fundamentals don't matter here. This is purely market mechanics at work. Usually there's just 1 mega candle 2 days after the 3'rd Friday of February, May, August and November and then the strength of the runup slowly diminshes over the time period of 1-2 weeks where it eventually gets shorted down to a price slightly above it's previous trading average where it stays for another 90 days until this cycle repeats itself.
Not going to go into the technical on why this happens here. It's a long subject on which i've written over 40 pages worth of a "thesis" on to explain on reddit. I'm just here to tell you that the next runup here here. The last chance to get calls is Nov 19 and possibly if we're lucky, on Nov 22. I've already gotten my calls for this runup early even against my own advice. Friday may be the last day before the next runup or it may be Monday. I've already gotten my own calls early on the off chance things pop-off early and i'm going to pay a lot of theta for it. Buying early just guarantees you getting low IV calls if that's what you're looking for.
In any case, godspeed. This is not financial advice and nor am i a financial advisor. I'm just a guy here to tell you when the meme stocks & specifically GME are going to move. I'm not claiming the MOASS here, only a runup like what happens every 90 days. If the MOASS comes along with this cycle, all the better.
Simpcoin Collapse - Crypto to Cannabis - Value InvestingEpic Economics. Rising Rates annihilate crypto. The US5Y on to new highs. Cool. Value investing is a thing after all.
Congrats JPow.
#cannabisreform
#metaverse
The Future
Akerna $KERN has the compliance data SOFTWARE (record revenues announced Q3).
GL