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GAMESTOP: The Party Is OverRemember when Elon used to tweet about Dogecoin, causing the entire market to react wildly? Market cycles repeat, and this one is no different. What we've learned is that driving up prices through tweets, Saturday Night Live appearances, or YouTube livestreams is unsustainable, and the positive effects are diminishing. Yesterday, expectations for the livestreams were high. Despite multiple market halts, the disappointment was evident as GME's price retraced to its pre-pump level from the start of the week.
NYSE:GMEShort
by Anton_XBT
8
My 4H $GME Chart Showing Key LevelsThis is being posted in addition to my weekly chart so its easier to see. Original weekly chart can be found in "related ideas" underneath this description. Expect the next 2 weeks to be extremely volatile due to several upcoming events: Earnings Release: June 11th Annual General Meeting: June 13th Contract Expiry: Over 140,000 call contracts expiring on June 21st Price Prediction Short-term Decline: The price may fall further to between $25.25 and $23.07 to fill the gap created on June 3rd, represented by the blue demand zone. Upside Potential: Following this, I expect a price run-up past $67.50 and $80 due to the exhaustion of selling orders over the past 4 weeks. Watch for a test of the all-time high (ATH) of $127.01. Cheers!
NYSE:GMELong
by NickMackintosh
1
Trade Like A Sniper - Episode 27 - GME - (8th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions. A couple of things to note: - I cannot see news events. - I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range. - I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks In this session I will be analyzing Gamestop (GME), starting from the 4-Month chart. If you want to learn more, check out my other videos on TradingView or on YT. If you are interested in private coaching, feel free to get in touch via one of my socials.
NYSE:GMEEducation
by Road_2_Funded
$GME GAMESTOP... HAS THE GAME STOPPED?NYSE:GME Gamestop broke out of it's falling wedge after 3 years of a downtrend from an all time high of $120 - Weekly Timeframe. At the breakout of this falling wedge, #GME distorted it's downtrend to start an uptrend! Currently! Prices have retraced to supports around 24. To maintain this uptrend, price action has to remain supported btw $18 - $24 Else next support around 10 could be retested. Maintaining key support around $24 will allow for much higher prices in the future. NYSE:GME Up resistances: 39, 58, 79, 99, 120
NYSE:GME
by Ifiok-2sydes
GME (Gamestop) - The Markets Most Underestimated CompanyGamestop is NOT a brick & mortar store. Gamestop is a Tech company. Throughout history it has always been Gaming & Arts that have driven the adoption of new technologies and inspired new communities by pushing the boundaries of imagination. GameStop has cemented itself as a pioneer by becoming the first household name to embrace blockchain technology and explore the realms of Web3 Gaming, NFT's & Crypto. Web3, NFT's & Crypto empower creators & gamers allowing them to participate in the development of the metaverse where they can share & exchange their in-game assets. NFT's allow for verifiable ownership of in-game assets which opens doors for gamers to monetize the time they put into gaming and create markets for their in-game assets. ---- Lets use Call of Duty as an example. A game filled with all kinds of weapons & different levels of power & accuracy. Imagine if there was a gun that had 100% accuracy & 100% power from any distance. Now imagine if there was only 10 verifiable copies of this gun in the game. How much is this gun worth? Now lets assume a viral streamer like Ninja were to own a copy of this gun. How much is this gun worth now? Answer : A lot. --- GameStop is positioned at the front line of this movement and has sparked a massive wave of innovation encouraging companies & gamers to explore new possibilities that will transform the gaming industry and force other companies to adapt or be left behind. I repeat Gamestop is a Tech Company.
NYSE:GMELong
by xx1337
18
GameStop Odyssey: Retail Triumphs and Marvels through EFI/VolumeThe "GameStop Odyssey" timeline serves as a vivid testament to the sheer force of retail trading and the enduring appeal of GameStop in the financial markets. This chronology isn't just a recount of stock prices and trading volumes; it's a triumphant saga that captures the strategic pivots, significant milestones, and the unyielding spirit of individual investors who've rallied behind the stock. Despite recurrent skepticism and often negative media portrayals, GameStop continues to emerge as a symbol of what enthusiastic and coordinated retail investors can achieve. It underscores how, against all odds and negative forecasts, the community-driven force behind GameStop keeps the company relevant and dynamically engaged in the stock market's limelight. By detailing each significant spike and drop in stock prices alongside corresponding EFI/volume fluctuations, this timeline does more than track financial metrics—it illustrates a narrative of resilience and retail investor empowerment. Each entry highlights how GameStop has not only survived but thrived, navigating through waves of market volatility and media doubt. This chronicle aims to inspire and educate, showing that the narrative of "dumb money" is a misnomer; instead, it's a story of strategic triumphs and collective investor savvy, proving time and again that the spirit of the market lies in the hands of its participants. ### GameStop Timeline with EFI and Stock Prices **September 28, 2020:** - EFI: 500 million - News: GameStop was undergoing strategic shifts and significant interest from retail investors, focusing on transitioning its business model towards digital sales channels. - Source: (news.gamestop.com) **October 26, 2020:** - EFI: 500 million - News: GameStop continued to gain attention from retail investors, announcing plans to strengthen its online presence and enhance customer engagement through e-commerce initiatives. - Source: (news.gamestop.com) **December 21, 2020:** - EFI: 500 million - News: GameStop announced further strategic updates aimed at improving its financial performance and adapting to the evolving retail landscape. - Source: (news.gamestop.com) **December 28, 2020:** - EFI: 500 million - News: GameStop's stock surged due to increased interest from retail investors on forums like Reddit, marking the beginning of the stock's volatile period leading into 2021. - Source: (news.gamestop.com) **January 4, 2021:** - EFI: 500 million - News: GameStop maintained a higher EFI level as interest in the stock grew among retail investors, with discussions on WallStreetBets gaining momentum. - Source: (news.gamestop.com) **November 29, 2021:** - EFI: 500 million - News: GameStop continued to be a topic of interest post-meme stock phenomenon, with investors watching the company's performance and strategic decisions closely. - Source: (news.gamestop.com) **March 14, 2022:** - EFI: 500 million - News: GameStop's financial performance updates highlighted ongoing efforts to turn around the company's fortunes, focusing on digital transformation and operational efficiencies. - Source: (news.gamestop.com) **August 15, 2022:** - EFI: 500 million - News: GameStop emphasized enhancing its digital platform and customer experience, continuing strategic changes aimed at strengthening its market position. - Source: (news.gamestop.com) **March 20, 2023:** - EFI: 500 million - News: GameStop's ongoing performance updates focused on strategic initiatives and financial health, with investors assessing the impact on the stock's performance. - Source: (news.gamestop.com) **April 10, 2023:** - EFI: 500 million - News: Keith Gill, known as "Roaring Kitty," revealed he was holding $181.4 million worth of GME stock and call options, causing a significant surge in the stock's price. - Source: (news.gamestop.com) **May 13, 2024:** - EFI: Spiked at around 510 million - News: The EFI spiked at around 510 million, and it wouldn't again cross the 500 million EFI/week until this past Monday, indicating significant trading activity and interest in GameStop stock. - Source: (news.gamestop.com) **June 3, 2024 - June 5, 2024:** - EFI: 510 million - News: GameStop announced its preliminary financial results for Q1 2024. The results highlighted a net sales decline to approximately $0.872 billion-$0.892 billion compared to the previous year's $1.237 billion. The net loss is expected to range between $27 million and $37 million, an improvement from the $50.5 million loss in the prior year. The announcement indicates ongoing challenges but shows some progress in cost management and cash flow. - Source: (news.gamestop.com) [GameStop Analysis: From a Dad Who Dreams Big Hello everyone, I'm a single dad deeply into chart analysis, eager to share insights that might help others make informed trading decisions. Currently, I'm not in a position to invest myself, but I'm looking forward to joining you all soon. If you find value in my work and wish to support my journey into trading, any help would be deeply appreciated. Here's my BTC address if you choose to contribute, would mean the world to us here at this little NYSE:GME hypestation! bc1qxt4cwsm3py94ze8a2s3ucsaxzllehx5qj4g0qq. (at the time of creating this article no one at this location including me, the author own a single fractional share or position in GameStop. We do however feel the hype for NYSE:GME Proud of you all!) Thank you for considering my work, and happy trading!
NYSE:GME
by joshuatseppich
The Ongoing GameStop Saga: A New Chapter UnfoldsThe GameStop (GME) story continues to captivate both retail traders and Wall Street veterans alike. 🏆 While the epic showdown between retail investors and hedge funds last year marked a significant chapter, recent developments indicate that this saga is far from over. Let's take a closer look at the latest twists and turns in the GameStop narrative. A Rocky Start to the Week 📉 On Monday, GameStop opened in a monthly supply zone—a critical price area where selling pressure is typically high. As anticipated, the stock faced significant resistance and dropped 34% by the end of the trading day. This movement is a stark reminder of the volatility that continues to characterize GME. The Technical Perspective 📊 For those following the charts, it's crucial to note that buying GameStop above $12.75 means paying a premium for a stock currently in a monthly supply zone. The $12.75 mark represents a discount price for potential buyers, suggesting a more favorable entry point based on technical analysis. Above this level, investors might be taking on additional risk by purchasing at higher prices within a supply zone where sellers dominate.
NYSE:GME
by Mike_SnD
2
GAMESTOP Will the meme stock have another gap up tomorrow?GameStop Corporation (GME) had a massive +75% opening today, product of 'Roaring Kitty' latest news, but corrected from $40 to sub $30 intra day. We saw a similar pattern during GME's previous rally on May 13, with a 1st Gap Up that was followed by a 2nd that eventually formed the 64.90 Resistance. Both sequences started off with a Higher Lows rise and identical 1D RSI patterns. It appears we are currently on Gap Up 1 and the late session consolidation may give way tomorrow to an equally impressive Gap up to test 64.90. Of course never forget with such kind of stocks and high importance after of pre-market news can drastically alter the technicals. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:GMELong
by TradingShot
1
$GME 27 AFTER EARNINGS !!NYSE:GME 27 AFTER EARNINGS !! Improved Net Income and Turnaround Efforts: GameStop turned a net profit in 2023 for the first time since 2017, indicating a significant improvement in its financial performance. The company's ability to continue generating a net profit and restoring positive free cash flow is crucial for its turnaround and could boost investor confidence, potentially driving the stock price up. Revenue per Employee: GameStop is producing the second-most revenue per employee in the Specialty Retail industry among companies with over $1 billion market cap and over 1,000 employees. This high revenue efficiency could be a positive signal for investors, as it suggests the company is effectively utilizing its workforce to generate sales. Share Buybacks: GameStop's increased EDGAR activity in April 2024 might indicate the company has been actively buying back shares. Share buybacks can reduce the number of outstanding shares, potentially increasing the value of each remaining share and driving up the stock price. New Investment Policy: The company's board approved a new investment policy that permits GameStop to invest in equity securities, among other investments. This new policy could lead to new revenue streams or strategic partnerships, which might positively impact the company's stock price. Market Sentiment: The stock has been volatile in the past, with significant price movements driven by retail investor interest and short squeezes. Positive earnings results could trigger a renewed interest from retail investors, potentially driving up the stock price. Product Expansion: GameStop is known for its video game-related products. However, tweets mention the company's expansion into other areas such as controllers, wall chargers, keyboards, and headsets. This diversification could attract new customers and increase sales. Clearance Sales: Encouraging customers to purchase clearance items can help GameStop improve its revenue. This strategy could be part of the company's efforts to manage inventory and boost sales.
NYSE:GMELong
by NYRUNSGLOBAL
1
GameStop (GME): What Lies Ahead ?A pivotal moment as the stock breaks through the channel with a bullish surge, hinting at a potential shift in market sentiment. Here's a closer look: Positive Indicators: • Financial Resilience: There are signs that GameStop is gaining control over cash burn and losses, suggesting a possible turnaround in its financial stability. • Margin Expansion Potential: Optimism brews around the prospect of improved margins, driven by a strategic shift towards higher-margin software sales and ongoing cost-saving initiatives. • Strategic Capital Raise: GameStop's decision to capitalize on the recent share price surge by issuing shares at a premium indicates a proactive approach to bolstering its financial position. Challenges and Concerns: • Earnings Reality Check: Q1 results falling short of expectations raises questions about GameStop's ability to adapt to evolving market dynamics and meet investor demands. • Management's Communication Strategy: Limited engagement with investors, marked by the absence of conference calls or Q&A sessions, fuels speculation about management's long-term vision and transparency. • Sales Dynamics: A complex mix of declining hardware sales, shifting software preferences, and the rise of subscription services presents formidable challenges to GameStop's growth trajectory. Navigating through this landscape of opportunity and uncertainty, investors are left to ponder whether this bullish surge marks a genuine turnaround or merely a temporary reprieve in GameStop's tumultuous journey. Disclaimer: Market movements are inherently unpredictable. Always conduct thorough research and consider professional advice before investing.
NYSE:GME
by Julien_Eche
1
GAMESTOP SOARING from $25 to $111 - $168 range.GME just got $1 BILLION dollars in funding. Price expected to rise past all short squeezes in the $120 - $168 price range. This stock just went from a simple meme to opposing sides on institutional traders that even Kramer is beginning to call it a good investment (not that his opinion matters at this point with the amount he flip-flops with retail investors money) Invest smart, invest hard. This one's to the moon. Boost my post if you like this idea 💡 Also follow and subscribe for more uproars. Let's spread the word together. Roaring Puppy 🐶 out.
NYSE:GMELong
by St0ckWr4ngl3r
GameStop Surges After Company Completes $933 Mln Share RallyGameStop shares ( NYSE:GME ) surged 20% on Tuesday after the video game retailer successfully sold 45 million shares worth roughly $933.4 million, capitalizing on a recent meme rally in its share price. The sale helped the company capitalize on a recent social media-fueled meme rally that saw the stock soar around 135% over a two-day period earlier this month. Traders may book profits in GameStop shares around $27, an area on the chart where a May 13 gap sits in close proximity to a key horizontal line connecting a series of price action over the past 19 months. GameStop ( NYSE:GME ) initially announced the share offering on May 17, several days after the peak of the social media-fueled rally, saying it planned to use the proceeds for general corporate purposes, such as investments and acquisitions. Although the company did not disclose the sale price of the shares, it said it executed the offering at-the-market, meaning it sold the shares at the prevailing market price, allowing the retailer to cash in on a portion of the meme-driven gains. Investors will gain further insight into the company's financial position and outlook when it reports fiscal first-quarter earnings after the closing bell on June 5. GameStop ( NYSE:GME ) has given up about 70% of its gains in recent weeks, with the price falling towards a multi-month downtrend line. In upcoming trading sessions, investors should pay close attention to the $27 level, an area on the chart where traders may book profits near a key horizontal line connecting a series of price action over the past 19 months. Technical Outlook Gamestop stock ( NYSE:GME ) is up 14.32% as of the time of writing, forming a "golden cross" pattern at the 1 month-low region. The stock has a Relative Strength Index (RSI) of 52 which is prime for further surge in the long term. Accentuating to the bullish campaign is the upside gap formed in the daily price chart.
NYSE:GMELong
by DEXWireNews
Another gem, GME coin on Solana networkWell, after WIF and MEME ideas of mine, i would like to share with you another gem. Unfortunately, in TW the only chart i could reach is the one which tracks the poloniex trades, but that is not that relevant due to the lack of trading volume in that platform and i will not share here, but there are other sites where these tokens can be tracked, and i hope that in TW those will also be available. :) So, here is the analysis of the coin. -The token has been alive since January 28, there was an ATH on February 7, and it was not wiped out after that, it survived. - The number of holders is already 22k, 1 week ago it was only 19-20 K. This number of holders, if not synthetic (airdrop), can provide a stable enough footing to prevent the token from mowing down. Dogwifhat also had this number of holders a few weeks ago, before it went up from 0.18 to 2.2. use your brain! - The GME itself was an event of historical importance, when many small traders farted the big ones who shorted the GME. A symbol of community unity, if you can call it that. - The ATH is 0.015, I got in at 0.0026, I measured 10X from that, but if this token is not shorted, this token will be totaled and GREED will start in people, seeing CRYPTOCAP_OLD:BONK , $dogwifhat and others, they will look for an alternative, whatever it may be and it will be pumped up slowly. - There is a brutally serious community, 12k+TG members, there is a separate raid and a meme TG group, the content is leaked to social media and everywhere from GME - Top 10 holders own 14%, of which 3% is the raydium pool. That's a pretty good distribution. - They made a MERCH webshop. where all profits are theoretically plowed back into marketing. In my way of thinking, accordingly to Dogwifhat and others, with GME it could be possible to reach 0.1 which is basically 34x from there. DYOR. CAUTION: These tokens are memetokens, please tryy to think them as a kind of gamble, and risk only the amount you are willing to lose.
Long
by Arokthomasso
16
GameStop Stock Evokes Dreams of Rocket Ships and Diamond HandsShares of the video game store tested retail traders’ survival skills. But the meme stock madness also bamboozled the pros. In the span of just a few regular trading sessions, with some stomach-churning pre-market action in between, GameStop once again made headlines. Roughly three years ago, Keith Gill — known as “Roaring Kitty” on the internet (mostly Reddit) — triggered a huge rally in the shares of a little known video game retailer called GameStop NYSE:GME . The Hidden Gem Roaring Kitty took a big long position in GameStop for his belief that it was a company with a lot of potential. And at the same time, he blamed the big bad hedge funds for keeping a lid on share-price growth by shorting the living thing out of it. Mr Kitty’s thesis caught the attention of fellow retail traders on Reddit’s r/WallStreetBets chat board, a place where self-described “degens” exchange fast-churning trading ideas. Soon after, shares were flying high, riding on gains of more than 2,000%. GameStop was set free and institutional investors got smoked. These were the good old days of speculative pumps and the absolute power of like-minded individuals seeking the thrill of quick profit and adrenaline rush. And — it seems — we’re back at it again with the meme stock corner going fully bananas. Roaring Comeback Roaring Kitty’s X account switched the lights on after three years of silence. In a rather vague post, he published a drawing of a man leaning forward . Boy, did that get understood in all the possible ways. Shares took off by as much as 75% a day after that post went live. A breakneck rally went on for a few more days, evoking dreams of rocket ships and diamond hands. A week later, none of that is there anymore. Shares are not only back where they were before the surge — they’re doing worse. The rollercoaster ride lifted the stock from $20 on Monday to $80 on Tuesday, a 300% pop per share. By Friday, shares had briefly dipped below $20, pulling off a boomerang move and erasing 75% from the stock’s weekly peak. And, this is how GameStop tricked retail investors into believing that this the GameStop rally 2.0. But, before that, it smacked professionals with huge losses on the way up. Same Old, Same Old Professional money managers had borrowed about 30% of all shares outstanding for — you guessed it — shorting purposes. The thing with shorting a stock, i.e. profiting from its decline, is that if you’re wrong, you can be wrong until your account is wiped out because shares could rise indefinitely. GameStop short sellers were ironed out. They lost more than $2 billion in just two days, according to data analytics firm S3 Partners. “After being down $862 million in mark-to-market losses yesterday, NYSE:GME shorts are down another $1.36 billion in mark-to-market losses today,” S3 Partners’ Managing Director Ihor Dusaniwsky commented on X . If only there was some similar experience in recent history that would inform hedge funds: Not to bet on a red-hot stock, popular among the retail crowds, because you’ll get burned if they come after you with a short squeeze. Not to bet on a red-hot stock that’s thinly traded, because you won’t be able to easily get rid of your short position that’s draining your funds. After all, they did make a movie ( “Dumb Money” ) about shorting GameStop. Yet, “smart money” did it again. Professional hedge funders weren’t the only ones to get knocked. What Goes Up Must Come Down The retail trading army on Reddit and X lost some serious cash, too. Just when shares were going in the other direction. Redditors on r/WallStreetBets initially cheered the first rays of the powerful upside swing. This sparked hopes of a revival before these same guys started flooding the board with screenshots of mounting losses as shares were nosediving. What Happened and Why the Fast About-Face? Other than the super frothy state of the highly inflated stock, what helped shares come back to earth was GameStop’s securities filing to sell some equity. Apparently, the C-suite of the video game store figured they could ride out the surge and issue up to 45 million shares that would dilute the number of existing shares by as much as 15%. In another price-damaging filing , GameStop said that it expects net sales for the current quarter to land between $872 million and $892 million. The forecast is well below last year’s $1.237 billion and the consensus views for $1.045 billion. With that said, GameStop shares are still in the green for the year, following the head-spinning trip to the moon and back. So, until next time? We Want to Hear from You! Let us know about your experience with that volatile beast! Do you own shares, when did you buy, and are you optimistic about the future of GameStop?
NYSE:GME
by TradingView
30
GameStop’s Stock Price Plunges About 20% After Meme Stock Surge GameStop's stock ( NYSE:GME ) price dropped about 20% after a meme stock surge by investor Keith Gill. The company announced plans to sell new shares and lower its sales forecasts, causing the stock to fall back to Earth. GameStop ( NYSE:GME ) now expects first-quarter sales to range between $872 million to $892 million, significantly lower than the $1.24 billion it made in the same quarter last year and below analyst estimates of $1 billion. The video game sector has lost steam since the start of the pandemic, and there are no near-term catalysts in sight for GameStop ( NYSE:GME ). Analysts believe that the issuance of new shares makes sense, as it raises the company's cash reserves while sales continue to fall. However, they remain pessimistic about its long-term future. Michael Pachter of Wedbush believes that GameStop ( NYSE:GME ) cannot "save its way to prosperity" and expects the mix of software sales to continue to shift to digital and away from physical. He believes that GameStop ( NYSE:GME ) will see continuing sales declines next year as well, and the company must deploy its cash productively or hope to issue more shares at elevated levels to forestall the inevitable. The surge in GameStop shares ( NYSE:GME ) came after Gill resurfaced online, posting an image of a man sitting forward in his chair, a meme that gamers often use when things get serious. Since the earnings preannouncement by GameStop ( NYSE:GME ) and the company's decision to sell additional shares, he has posted 17 additional memes, indicating he plans to continue supporting the company.
NYSE:GME
by DEXWireNews
6