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Gamestop

GME reached important support levels. Is the bottom in?GME reached the 200 MA on the 8h + extended hours, it hit the S3 weekly, the diagonal support, a VP HVN and it managed to get into an area that was previously resistance (currently turned into support). So to me this either is the bottom, or GME is in trouble. This is a massive combo and the structure of GME in the long term is still bullish. In my opinion the double top at 340 has a change to break and is what has me quite bullish. Of course there are several issues in the global economy, meme stocks haven't been doing well and so on... but this doesn't mean that we can't see another big rally. That requires that things don't crash right now and that we stay in a bullish environment for stocks... which over the last few weeks/months has been turning bearish and mostly favoring large caps. Going long here isn't a bad choice imho with stops below 160, otherwise wait for the market to close above 220 to start looking for longs.
NYSE:GME
by BitcoinMacro
9
$GME - Alt T+21-35 cyclesHere's what i think the cycles really look like. I don't like it when people just arbitrarily pick a place and start counting equidistant T+21 and T+35 forever and call it "The Cycle". Instead i've gone ahead and arbitrarily picked my own dates and have drawn my own sort of equidistant T+21 and T+35's. Believe what you want in the end. I've come to the conclusion that this is what the cycle looks like and not exactly like how everyone else visualizing it. I've used option flow data to find anomalous option data and based some of these cycles on those, on the 2 ATM offerings, DFV's exercise as well as the 2 market buy ins that happened sometime in Feb/March. Tldr: I didn't pull these out of my arse. I'd love to sit and write my whole thesis here on how i've come up with this, but because i've in fact already written it elsewhere, i'm just going to link to there... www.reddit.com www.reddit.com I'd paste this content here but the format would break a lot so... if you wanna know how i come up with this stuff, just read those 2 links or whatever. Anyway i think that people are counting T+21 and T+35 from the wrong place and are also too adamant about things happening on exactly T+21 and T+35 where that shouldn't be people's expectation. The T+'s are deadlines. People should be expecting things to happen BEFORE a deadline, not exactly on the day of the deadline and that's the mistake everyone is making when trying to visualize T+21 and T+35. In reality, the cycles are much more dynamic than people are making them up to be. There's things like ATM offerings for more shares happening which just disrupt any existing cycles. For whatever reason, people aren't even taking these real life / fundamental things in consideration when counting T+21 and T+35. It's like doing raw technical analysis on a company you don't know, yes the technical analysis might show a bullish wedge, but you didn't consider the real life news that the company released saying they're going bankrupt... So yeah, if you don't factor these things in, you're just counting T+21 and T+35 from random meaningless points on a chart to other random meaningless points on the chart. My visualization of the cycles whilst looking complete, it's really not. There's a lot more micro cycles i would've loved to add, but the chart would be come too convoluted for anyone to understand. The idea however is that within the T+35's, there's also multiple T+21's ending. You can identify these by the Short at T+18 and cover at T+21 patterns all over the chart. You'll see a lot of random large downward daily spikes, then an equal spike 1-3 days later which is the net 0 short cover. The only reason they drop the price here is to kick the can with options by hiding FTD's in far OTM puts in the $0.5 - $5 range (and maybe in the $0.5 - $50 range) then proceed to cover their net 0 short a few days later. The behavior of the shorts is extremely visible on the chart, you just need to be able to identify their patterns correctly and i think i've for the most part done that.
NYSE:GMELong
by leenixusu
4
"FORGET GAMESTOP"... I set my share price. I decide when to sell my shares. Buyers at those crazy levels? yes. DTCC computers burning hot trying to buy every single share available in the market. When shorts start to cover the ticker will move up and up and up... and those are the levels that i am looking for: 1250 - GME surpasses Wolkswagen short squeeze. 3141.45 - GME surpasses Amazon all time high. 6969.69 - SEC will finally pay attention to GME as we hit a porn number. 42069.69 - GME hit a meme number and become the meme king stock. 208571.00 - You can sell 1 share of GME to buy the cheapest Lambo in USA. 420420.69 - GME hit another meme number and surpasses BRK, become the most expensive stock class A in the world. 20000000 - Infinite Pool ... Guess that if we follow MSM advice and forget about Gamestop the infinite pool is a certain thing. The power of HOLDING.
NYSE:GMELong
by adrianogmatosuk
4
3angel pattern on AMC stock personaly i am germany dax index trader,i dont have any order on AMC =fair analyse advice= buy stop on high and wait 20-30 day to 94$ ok? now you can sell low size but 100% put SL on high green arrow=powerful buylimit place sl=3.00$ ,for buy and hold longterm note=we belive if AMC break high,can go to 125$(can take 8 month) good luck,,if you win,see me COIN CHEER from my profile AFTER 14 year daily 12 hour trade ,i dont recomand stock trade(high risk ,good for long term) , i advice trade gold futures GC1! easiest instrument,very very trendy
NYSE:AMC
by ramin_trader2006
1
The battle for GamestopI don't believe GME is a coincidence, not with each arc of the story being revealed in such perfect symmetry. See my last idea of an inner and outer symmetrical triangle breakouts . Player 1: The Shorts . Hedge Funds, Mainstream Media and Wall Street Banks. Player 2: The Longs . Michael Burry, Roaring Kitty, Ryan Cohen, Gamified Retail Traders and Apes in Spaceships. This idea is a large symmetrical triangle pattern with two converging trend lines. The breakout price at $250 in August with an upwards target of $728 and a downwards breakout of 0. The date lines are a T+21 cycle from DD found on /r/wallstreetbets and /r/superstonk. Sun Tzu: If it is to your advantage, make a forward move (Buy GME); if not, stay where you are (Hodl GME). Move when there is advantage to be gained (Buy the Dip) and where this outweighs the ever-present risk of moving (covering shorts).
NYSE:GME
by SPYvsGME
3
An Explanation of the Symmetrical Triangles and Price TargetsGME is currently in a pattern known as a symmetrical triangle in which, following a move (up or down), there is a battle between bears and bulls to establish dominance on the market. We'll focus on a symmetrical triangle that starts with a move up like GME , but the same applies to a move down, just vice versa. This is visualized on a chart as a move up followed by a series of lower highs and higher lows which form two converging trend lines that form a triangle shape. As far as market psychology goes, this represents a few things. You should know, three parties are usually considered in market psychology analysis of individual securities, but four parties are considered when there is an influx of people who were not previously involved in that market. I think in GME 's case we can say that there are four parties. Those parties can be identified as bulls, bears, undecided, and uninterested. The uninterested party becomes interested, and therefore accounted for in analysis, when there is a lot of attention surrounding a security. The move starts with a lot of volume (which is relative, but mostly can be based on the average volume over a long period) as a result of a shift or reversal in sentiment and newfound attention on that security. The bullish party increases their position as their bullish thesis is proven correct. The bearish party closes their positions (and may even reverse their position to bullish) once their bearish thesis has been proven wrong. The undecided party becomes decidedly bullish. And finally, the uninterested party becomes interested and bullish. Following the move up, buyers and sellers are going back and forth increasing and decreasing their entry and exit points which creates a series of peaks and troughs. At the first peak, where the triangle starts, there has been bullish sentiment because bears realized they were wrong and the stock is getting attention because of the price increase, so all parties have turned bullish. GME is a tricky case because there probably would have been continued bullish sentiment if there wasn't interference with the market, but even though the price action has been interfered with, the chart still paints a picture of market psychology for us - whether it's unprecedented or not. At some point, the stock will hit the bulls price target and they will start selling their shares for profit (and possibly reversing their position to bearish, but this is less likely in a market that's trending up). At this point, bears take over and start shorting again, bulls become dormant until they see another price they like, undecided parties may stay undecided or move with the trend, and uninterested parties are again no longer interested or are also moving with the trend. This process continues in a series of a total of 5 peaks and troughs (combined) to form a wave (this ties into Elliot Wave principles, but I'm not well versed in that yet). Each peak will be lower and each trough will be higher as buyers and sellers compete for dominance. In other words, moves up should have decidedly more volume than moves down in a symmetrical triangle, because all parties have turned bullish where the opposite is not true for moves down. The overall volume from the beginning to the end of the triangle should also decrease. Symmetrical triangles are intermediate patterns which means they typically last 1 to 3 months. In the event that the patterns continues past 3 months, if the volume profile is still indicative of a continuation, the breakout will likely be more significant. During this 1-3 month period, the breakout generally occurs between 2/3 and 3/4 of the overall length of the triangle starting from its beginning (the base) to the point where the trend lines converge (the apex). If there is no breakout by the time that 3/4 of the triangle has passed, the continuation pattern weakens and it becomes more likely that the sideways trading will continue. If there is a break out, it's generally on higher volume than the past 10 days and in what's known as a gap up, or an opening price one day that is much higher than the previous days closing price. There are a few types of gap ups, but we'll focus on breakaway gaps because that's what we're dealing with in this instance. A breakaway gap typically occurs when breaking through or out of a prominent support, resistance, or pattern. The breakaway gap indicates the start of a strong trending move, is typically a large gap, and the price tends to follow through in the gap direction over the next few weeks. In order to confirm a gap up, you want to see increased volume and you absolutely do not want to see that gap filled in the following days. We just had a gap up to break out of the symmetrical triangle in GME and we partially filled it, but have not filled it all the way. If the gap is filled it usually indicates prices will go lower. Now that we've broken out of the triangle, the upper resistance line will likely become a prominent support line. So if the breakaway gap is filled we can expect a bounce somewhere around $195. If it's not filled, we can expect to continue moving higher to the price targets set by the symmetrical triangle. There are a few way to set price targets, but two methods are most common. The first is to measure the height of the base of the triangle. Use that same height going up from the breakout point to determine a price target to be met by the apex of the triangle. The second method is to draw a line parallel to the triangle's support line. Your price target will be where that line ends at the apex of the triangle. The end of the symmetrical triangle is on 11 June and my two price targets are $588.87 and $634.24. I'll post the chart now so you can see that this is a nearly perfect symmetrical triangle continuation pattern that follows every single one of those parameters that I just explained. This is a very high accuracy pattern.
NYSE:GMELong
by EricIker
EW Theory - Bullish trendingDescending (Top declining, bottom flat), bullish confirmation, impulse wave, followed by a three-wave-correction, before bullish trend resumes. Correction wave (C) may descend farther down but there appears to be strong support at the 0.618 ($200) range, potential down side to $164 range). Important next few days, tomorrow could be good buying opportunity if holds $200, if we descend past $200 could see a drop down. Could see bullish trend resume this week Wednesday or next. - Fib ratio to watch for before completion of Cycle wave (III) 100% (418.61), 123.6% ($489.41), 161.%% ($604), 200% ($718.60). - Fib ratio to watch for before the completion of WAVE ((III)), 161.8% (819.12) & 200% ($1001.49) Short term: Bullish Long term: Bullish Was inspired by the Elliott wave guy and am still learning the theory. Would love to hear any ideas, comments, suggestions. Not financial advice. I am not a licensed professional. Just a guy with a thing for charts.
NYSE:GMELong
by CapCTrades
2
Wall Street Regulations and Andrew Yang For Mayor #YangForNYIf you happen to live in NYC (home of Wall Street and all thing money-related) voting for Andrew Yang for Mayor is your best bet. The best way to protect crypto from bad government regulations is to get involved with the process directly. Andrew Yang was talking about crypto since 2013, way before any of us even was there. twitter.com -- Campaign Page and How To Vote Here: www.yangforny.com Rev Wendy Hamilton for Congress (2022) www.revwendyforcongress.com
BITSTAMP:ETHUSDLong
by RyanTanaka
1