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$GME - They are now shorting while resetting FTDsHi ya'll, I'm not a financial advisor and this is not financial advice. I believe i've refined the T+21 and T+35 FTD reset cycle down much better and i'm able to give you a better visualization of WHAT I THINK is happening. Obviously i can't prove any of this. Obviously i don't have access to Citadel's or Bill's Family office to check their positions, so yeah, i have no proof. That having been said, i thought of starting to count the T+21 and T+35 cycles that Market Makers are allowed to leave an FTD in limbo until they decide to properly deliver and close it or reset it (e.g kick the can down the road) by borrowing shares from their buddies or buying deep ITM options. In February - March I'm see that 2 days before T+21, there's movement. Usually it's up by quite a bit. I'm also seeing that between 6-10 days later just before T+35 hits, the price goes up again 1 more time. I suspect that some family offices (not Citadel) were covering here. In March - May I'm see that 2 days before T+21, there's movement. Usually the movement is DOWN, so it's a dip. I'm also seeing that between 6-10 days later just before T+35 hits, the price used to go up by a bit, but now on average it remains constant and doesn't move up or down by a significant amount. What are they doing? Based on what i see on this chart, i believe that in the T+21 period that happened yesterday 3 of May, they also shorted GME. We know this by the data from fintel, gme.crazyawesomecompany and other borrow info sites. Today they returned those borrowable shares which indicates they were done with their current T+21 shorting. I believe that on T+21 there's bullish momentum from minor covering (because they can't fully cover at these prices) and they suppress the price by borrowing and shorting GME. With this theory and their borrowing habits, everything makes sense suddenly. Additionally, right before T+35 (around T+25-30) they tend to do another minor round of tiny tiny covering which they also try to suppress but can't fully do so due to them having used all the borrowable shares they previously spent 1-2 weeks accumulating to short the T+21 cycle down. This is why right before every T+35 the price returns back to the price it was before they shorted T+21. I've marked with a flag every impotant moment in time where there was GME momentum up or down. I also marked the points in the future that will have moment up or down. Important dates: May 14, May 24 and June 3. Incidentally, their last T+35 cycle ends exactly on June 7. On June 9 it's the shareholders meeting for GME. Nice timing. They want to milk this cow as much as they can till then. The horrible mistake they're going to make from today onwards is that IF THEY SHORT GME AGAIN TODAY ONWARDS... well the T+21 and T+35 for those shorts may fall within a possibly bullish period for GME because 9'th of June is Shareholders Meeting and earnings. You don't want to be caught doing minor covering/shorting within a bullish period especially for GME. If your covering creates even a bit of bullish moment, a tinkle of fomo from retail can ignite a rocket they never expected to go off. I believe they are greedy and stupid, so they will continue shorting even after today. I personally "want to" believe that May the 14'th is the day, simply because this day coincides 100% PERFECTLY with January 28'ths Mega Mega Mega huge amount of FTDs that were supposedly not closed, but only reset. How does it coincide with the 28'th of January? Well, From January 28 to May 14, the T+35 rule perfectly fits 3 times. Also on this date, we're 2 days before T+21 for the previous shorting period and if you've been reading, that means GME will move down or up due to minor covering or will go down because they'll short more. So it's a double whammy. It's BOTH the next T+35 period where all of the accumulated FTD's from January are going to be reset and some are bound to leak through while they might use Deep ITM calls to reset them, on the same day, they'll have the option to also cover the past T+21 shorts of approximately 750k-3mil shares. Don't get hung up on dates. Be responsible. Temper your expectations. Be wary of the date yes, but don't overhype them. No one can read the future. This is an educated guess based on the past and i'd like to believe it's accurate. Look forward to the date, but don't create a hype bandwagon otherwise when nothing happens on the 14'th of May, you'll be disappointed and cry in a corner in fetal position because you overhyped this DD.
NYSE:GMELong
by leenixusu
13
GME analysisPrice is still bullish, currently testing the trend floor where it is finding support at this moment in time. Overall, you can see that the price is approaching a wedge convergence area where it could break out into the upside and continue following the Fibonacci Retracement calculation - currently bouncing around the 61.80% support level. MACD is approaching a reversal area where it can potentially begin to push upwards again. This is supported by the sRSI being oversold, so the potential for a correction push upwards is higher. In simple-speak, the odds are in the bull's favour right now and price is still adhering to the technicals, even though it is highly manipulated. Bearish case is it breaks the trend floor and continues to push past the main support levels, but this would only happen if there were a huge sell-off from institutional investors and retail as well as massive shorting pressure - which doesn't seem likely to happen at this stage. This analysis is not financial advice, it's just an overview of what is happening currently.
NYSE:GMELong
by Siro_Guitar
GME TO DA MOONI see GME as a VERY, VERY, strong technical and fundamental play for it to go to the Moon. Firstly, GME is in a falling wedge pattern which is bullish. Also, the Bollinger Bands are coming closer together which means that the price has a higher likelihood to breakout and I believe that this breakout will be on the upside if it breaches the 180 resistance. The MACD shows the histogram flipping green which is also bullish. GME has been the online darling of retail investors and WSB, this I believe will cause GME to have a huge inflow of buying volume and opening of call contracts. GME has also been laser focus on wiping debt off of its balance sheet and aggressively transitioning to online. I do not believe GME's short interest of 26% a factor in the next squeeze. My take profits are $200, $215, and then holding the rest. My stop loss is at $153. This is not financial advice, I am not advocating the buying or selling of GME stock.
NYSE:GMELong
by kediguy
2
$GME - T+21 is tomorrowIt's obvious at this point that a Market Maker is short GME. The periods at which GME moons are T+21 and T+35. Only bonafide Market Makers are allowed to locate shares all the way up to T+21 and T+35. Today was T+20, tomorrow is T+21, the last day they have to either cover their shorts or continue for another +35 day period and fake cover by resetting their FTDs till the next period. Kudos to u/dejf2 on Reddit's SuperStonk Sub for perfectly finding the FTD reset period in his thread here. I am just expanding on the information he provided now that he's provided an extremely accurate FTD reset timeline. www.reddit.com According to Regsho, they have either by pre-market tomorrow or pre-market of the day after to reset, otherwise they won't be able to short anything at all until they've covered (or fake covered by resetting the FTDs again). tldr: Tomorrow we're either mooning or there will be shenanigans. Let's see if they still have money to run this sham or not.
NYSE:GMELong
by leenixusu
11
GME at Critical ResistanceThere's a possible trade here on GME. We're at critical resistance, and seeing an initial rejection. The daily RSI, as well as the MACD are looking bullish. We may see a breakout above the triangle, leading to another epic short squeeze near the ATH. Having said that, this would be a good time to trade extremely tight stops, as the broader market is potentially on the verge of a correction, and GME would take a hard hit toward the lower band of the triangle, if one were to materialize.
NYSE:GME
by Hedge_Of_The_World
8
$GME - What's next?Hi y'all, Disclaimer: I'm not a financial advisor and this is not financial advice. GME finally broke out of the symmetric wedge. If you don't like technical analysis for GME, stop reading now. After the Bullish Wedge: You'll notice that there's an upwards channel that's formed with GME and we may or may be not be trading inside it. I wouldn't recommend trying to day trade this pattern because it might not be a pattern/channel at all. You'll also notice that despite looks, we've actually bounced off some resistance at ~$187 ish. We'll need to break that consistently for at least 1 day to consider that we've truly broken this resistance. Additionally, if we go significantly aboe $187, there's additional super strong resistance at ~$247. If this were to be broken, then start dreaming because we might see crazy stuff happening like crazy Citadelic pressure downwards or unknown upwards pressure. The Moass: 1) May 7 - May 28 there is extremely minimal open interest on GME options. This could indicate a pressure free period for GME where a MOASS could occur. It might also not. This period is an anomaly. Not only is there an almost inexistent amount of Options Activity, there's also very restricted strikes at $390 max instead of $800 or $950 calls and $5 to $10 for puts minimum instead of the previous $0.50 and $1 dollar put strikes. So yeah it's a special weird period and could be interesting. Don't get your hopes up. Expect nothing. 2) June 9 and June 28. On June 9 we learn who we voted in on GME's board. On June 28'th we also find out if GME does indeed join the Russel 1000 or not. It's an ETF several times larger than the Russel 2000 that GME is currently part of. It joining it is the equivalent of TSLA joining the S&P500 last year. Not my problem if you don't like dates. These dates are backed by facts, it's best to have them in mind but nothing more. Manage your own expectations. Other Info: GME is paying off their remaining senior debt notes due for 2023. They are paying them off on the 30'th of April. This will allow them to pay dividends or do stock splits and other things. Keep in mind this time last year, GME's Market Cap was $612 mln. Today they just raised $550 ish million by just issues only 3.5 million shares lmao. (The total float was 70.1 million). Currently float is 73.6 million. Of that, only 26-30 million "are" publicly tradeable and with the amount of people trading GME, we can be sure we've bought all of the float multiple times over. Any remaining shorts or hidden shorts in the Failures to Deliver are not going to like what's happening. It's very likely that they will get their heads bitten off and still come back for more.
NYSE:GMELong
by leenixusu
2
GME Bulls never left the helm of the rocket ship!!GameStop’s chart is very interesting as of late. If we ignore the FUD, media machine spewing you know who’s rhetoric, etc, what are we left with? Glowing fundamentals (in fact, the best case scenario is/has happened and IMO, is NOT priced in yet) Technical Analysis: Bollinger bands highly compressed. This can indicate big volatility incoming. Macd poised at the same position before entering bullish territory right before January gamma squeeze. 50 day MA provided a bounce (bullish) I fully expect to test prior highs and discover new ATH very soon indeed. HODL apes!!! It’s coming!
NYSE:GMELong
by Gameonanon23
1