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GME

Back in the GameGameStop Short Term We look to Buy at 118.26 (stop at 110.74) Preferred trade is to buy on dips. As this corrective sequence continues we look to set longs on a dip at better risk/reward levels. Levels close to the 50% pullback level of 115.39 found buyers. Further upside is expected although we prefer to set longs at our bespoke support levels at 120.00, resulting in improved risk/reward. Our profit targets will be 147.26 and 180.00 Resistance: 150.00 / 190.00 / 200.00 Support: 120.00 / 90.00 / 77.00 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.
NYSE:GMELong
by Saxo
GME Summer (Daily Candles Analysis)This is my first attempt at making a future prediction using chart analysis. I would love opinions and feedback. I am not a professional, I have only been doing this for a year or so and I have no education in finance. I think you will see GME continue on its new uptrend through the summer with a huge breakout towards September/October. I think you may see it hit near $111 in the near future. If it fails to bounce off of the $110 range then I would expect it to drop back down to test its main level of support around $80. If it finishes the other half of the cup and handle, the I would think it would reach $250 before you see a retracement to begin the handle of the cup. GME looks strong and I am excited.
NYSE:GMELong
by Adventure_Joe
1
SPY Wave Theory Update: Impulse Wave CompleteAs my previous post regarding wave theory analysis of SPX, it seems that impulse wave defined by B (White Secondary Cycle) has seemingly reached its peak. My analysis is inferring a "Double ZigZag" corrective pattern following the end of our primary cycle represented by Yellow path. Double ZigZags typically retrace anywhere from 0.50 to 0.79 Fib levels in respect to its primary impulse wave upwards. Highlighted boxes show both BEST and WORST Case scenarios for this pattern to reach its finale, once bottomed, our final corrective wave within the zigzag would be shown as "Y" (Yellow Primary Cycle) Using solely wave theory to find bottoms and corrective patterns can be difficult which is why I look for confirmation elsewhere, such as declining volume as price rises which we can see has happened in our most recent impulse wave B (White) , as well as RSI topping out in respect to its trendline, further confirming the trend. Next zones to watch are Fib levels between 0.50 (3500 SPX) , 0.61 (3200 SPX) and 0.79 (2800 SPX). Refer to my previous post which I included as a related link for further explanation.
SP:SPXShort
by chartxzy
GME yet show signs for Double in Price on Long term After Covid-19 Pandemic GME had e bubble no one expected from a single digit Stock to $486 and since then made a long correction down to this current price $145,i expect no further New low for this stock ,below $85 my analyses would be wrong ,which by other means it could be at all ,cuz we always talk from Propability based assessment ,as long as price is showing Upside potential and making Higher highs ,price could double in this Stock and reach at our honest opinion $760 ,it could happen this year ,or the new year to come . For me GME is a stock to keep an eye on ,as we are talking about Risk to reward ratio of minimum 10.to Maximum 21+.Happy Trading and Investing for All Guys .
NYSE:GMELong
by ArberHoxha
GME - BK 2023 / Extend / Pretend / DefendLeap Puts a real Value Proposition. We're adding 102/20s to Jan 19 2024s as this Junk gets shoved back up. Bankruptcy is dead ahead. ______________________________________________________________ GME has $42.2m of debt in April 2022, down from $48.1m, one year before. The balance sheet shows it holds $1.04b in cash, so it actually has US$992.8m net cash. In reality - $1.13b falling due within a year, and liabilities of $547.9m due in addition. All they are left with is to keep the Game afoot, share buybacks to prop until the June 2023 Debt default as they hold less in Fungibles to prop after Bond Payment #1 is due, #2, they simply cannot afford it. Buy a Gold Mine I suppose.
NYSE:GME
by HK_L61
15
$BOXD Could Pull A $RDBX In the Next Few Days - S/S + CatalystsSales 2021 = $177,000,000 Current MC = $127,000,000 Andrew Pearson Independent Director of $BOXD picked up 36% more shares in the last week. Insiders own 9% of the Outstanding Institutions own 39% of the Outstanding 38,700,000 Float 8% of the Float is Short $BOXD Will also be added to the Russell Index on Monday the last time a stock got added to it, $REV it shot up 500% Looking for a good move on this one stay tuned.
BLong
by StockGuild
1
GME (GameStop) - June 23hello? Traders, welcome. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (GME 1W chart) Resistance: 189.82-214.14 Support: 101.74-121.53 If the 121.53-189.82 section moves sideways, it is expected to rise further. As it rose above 121.53, it is expected to continue the upward trend from a mid- to long-term perspective. Below 90.37 is the demarcation point between an uptrend and a downtrend in the long term. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
NYSE:GME
by readCrypto
$GME - Not sure about this one, but i'm all in.Hi everyone, Even though i wrote DD on this June run, it actually happening also caught me off guard as well as OCC lending data and Swap data for GME, XRT, BBBY, AMC didn't show any strong indications of a run this month. What seems to have happened that caused today's pump is XRT Put Selling on Friday which is an event that happens the Friday before a week where a stock like GME/BBBY and etc run up. I honestly wasn't expecting this Put Selling to amount to much for June and that's why i didn't make a post update about June's run, but here i am in the end... To be clear, i am not sure what's about to happen. All my data points to nothing, whilst other people's data and DD points to a run and this makes me extremely confused. Because of my confusion, i did what anyone in my position would do and that's to put my entire portfolio on several of the stocks that could runup a lot tomorrow. The majority of it is on GME. The rest is on BBBY, NIO, RBLX. This isn't DD nor is it financial advice. I honestly have no idea what's going to happen this cycle. I was expecting nothing out of June, but it seems that there might be something. We'll find out tomorrow. I've marked the total duration of this run IF there will be one. Also i've marked the possible price targets for both tomorrow and next week Tuesday. -------------- To remind you of the cycle DD, basically every 3'rd Friday of the month (OPEX) that month's options or quarterly options are netted and the net result is pumped into the market the next Tuesday. If Monday is a Holiday, the effect is that that net amount hits the market +1 day later, or in our case tomorrow (Wednesday). Today was basically Friday's Put Selling Fart as i understand it. If there is going to be a run, it's to be seen tomorrow. If there is a run, i expect the top to be in by Tuesday next week, but regardless, if there is a run, tomorrow will show this. I expect around 12% upside on tomorrow June 22 and a total of around 40% upside by next Tuesday IF there is truly a run here an to be clear, my data shows there isn't but other people's data shows that there is... so... i have no idea what to do. I'm in until tomorrow with everything i have. Again, this is not investing, this is not DD, and this is not financial advice. Do your thing whatever that is responsibly. The actual run i've discovered is on August 2 and August 8. Not the days in between, but those specific days. I'll be making DD on reddit about this eventually. It has to do with AMC, GME, BBBY, XRT swaps as well as their OCC lending volume data and how AMC and XRT are being used as hedging collateral in the OCC. Where XRT cannot be used anymore, AMC is used and where AMC cannot be used anymore, XRT is used. For this run, it's AMC's turn to be the hedge which is why i'm not very bullish about things as in the past when AMC was used as the hedge, GME was prevented from running (See March, June 2021). Again, not DD, NFA. Be careful out there. I'm not too confident about this one (yet i'm all in, go figure).
NYSE:GMELong
by leenixusu
37
fintel's top Gamma Squeeze candidateHere's a name most have probably never heard of that has potential for 285% underlying return. THCA (Tuscan Holdings Corp. II) "intends" to merger, share exchange, asset aquisition, stock purchase, recapitalization, reorganization, etc., with business entities in the cannabis industry . It is likely so heavily shorted because from what I can gather, they have really only stated intent and not demonstrated anything material in the Cannabis sector (if I'm wrong correct me, its such an obscure operation really not much on it). But they are active it seems, the 2 main news headlines I can find recently are: "Surf Air Mobility to go public through $1.42B merger w/ Tuscan Holdings Corp II, accelerating rollout of industry leading hybrid electric aircraft...," and "THCA gets non-compliance notice from Nasdaq" --- which is pretty bad@** right? Take a look at this short data: Short Interest Ratio: 2.26 Days to Cover Short Interest % Float: 54.63% - source: NASDAQ (short interest), Capital IQ (float) Off-Exchange Short Volume: 8,916 shares - source: FINRA (inc. Dark Pool volume) Off-Exchange Short Volume Ratio: 24.26% - source: FINRA (inc. Dark Pool volume) Short % inclease/decrease: +28% Net Call OI % Float: 186.21% There are 2 catalysts I see that could get this going enough to trigger a hefty squeeze: 1. THCA reports progress on the Surf Air merger, OR they simply announce some new merger(s), etc. 2. They get the kickstart (without doing anything) indirectly in this market environment - I think this is a very dangerous market environment for shorts righ now in general. Everyone who doesn't know elliot wave thinks BTC and S&P and going to crash, there is so much FUD going on its actually hilarious (when in reality wave 5 is about to start for BTC and S&P taking them to new ATH by end of 2022/early 2023... when this begins (soon), heavily shorted names like THCA will take off on a spaceX rocket to the moon. BIg players like TSLA, GME, BYND (oh you're in for a treat, the setup and catalyst are in the bag baby) are already threatening its squeeze-time kicking off as early as next week. On my chart I listed 3 targets: - initial target = 11.50 is near-term w/ or w/out a squeeze, just based on the chart and statistics of the price action dynamics - intermediate target = 16.28 is mid-term even without a squeeze unfolding (just using the proportional increase in successive pops and extrapolating accordingly) - minimum squeeze target = 20.20 - and that is conservative, based on the short data if it gets going it could pop to 32-40 (it then becomes a fast sell at those levels) *** This is a high reward/low risk play here because its essentially traded at 10 its whole public history, on average, and I see 10 as support (so risk ~ 38 cents hah) Not financial advice but I'm playing shares and Nov 18 2022 10.00 calls for ~ 1.00 and looking to sell at ~10.00 when it hits 20.20. Clear Vision, cloudy eyes. Regards, Billy Walters Jr.
TLong
by JerryManders
Home WreckerWhen I was a kid my parents and teachers used to tell me silly things. Like... "You can't beat the system." "Don't bet against the house." ... "Pull your pants up." ------------------------------ And I went through life... well, just playing video games and beating everyone on every system. ------------------------------ And then I met GME... so now i'm going to beat the house, with my pants down, and I'm going to bet on it. That pasted image of the weekly chart... look familiar?? HA HA HA Sincerely, Frank Underwood P.S. this vision came to me in the flames within a dream within a shroom trip within a peyote trip at a campfire within a reservation where its legal (double combos everywhere) 357 357 357
NYSE:GMELong
by JerryManders
6
$GME - Single Day Runup Event on the 7'th of JuneNot Financial Advice. Based on new research i haven't yet released due dilligence on, i've discovered another indicator that tells us 1 exact date where a price move for GME and some other stocks like BBBY etc are going to happen. I'll be posting the new due dilligence on this indicator once i've seen that it actually works. Based on the data i got out of the OCC's site, and if i've understood it correctly, there will be a 1 day runup event tomorrow with an upside or downside (most likely upside) of 25% on the underlying for GME. Can't tell much about the other stocks. Just like GME suddenly ran up on November 3 2021, Feb 7 2022 and on a few other dates, the next single day runup event is basically tomorrow Tuesday June 7. The details of how this works will be posted on reddit on /r/fwfbthinktank once and if this theory turns out to have bones. And of course if this works, i'll be able to tell you all the next dates of similar run ups for GME. Not sure when i'll be entering this trade, it'll be either today EOD or tomorrow on open. My PT for this is $165 or +25% from today's closing price. And as a reminder, this could be a negative -25% event too, but i'm 80% confident that it'll be a positive runup and not a negative one.
NYSE:GMELong
by leenixusu
44
GME - Power Up!GME appears ready to rip to the upside and there are plenty of reasons to be bullish on the stock here. Recent earnings as reported last week were solid, especially considering the bearish macro unfolding in the broader markets. Further, the company has no debt - and appears to be reinvesting in itself and looking to the future with eyes wide open, embracing the expanding NFT and retail gaming marketplace aggressively and intelligently and doesn't seem to have any actual viable competitors in this arena. BULLISH. And most exciting the stock split/divided initiative was overwhelming passed by shareholders at the recent annual shareholders meeting held on June 2nd, allowing for up to 1-BILLION shares to be issued by the company. Once moved on, this new share issuance will allow GME to increase their war chest, remain debt free (huge considering the current upward direction of interest rates) and will put added pressure on remaining shorts to cover and close-out their positions. Technically speaking the daily chart looks great with another break-out occurring on May 25th. The double bottom print held nicely and with the price back above $130s there is much better long-term support for the price to move higher. The Moving Averages (MAs) are supportive, and the MCAD flashed a buy signal on May 25th. Also included is the belkhayate timing indicator (thanks lazybear) which looks to be pivoting back bullish and is above the "buy line" here. Similar set-up as the bull run back in late May 2021, but this indicator appears even more bullish this time around... In terms of timing - the 90-day 'high to high' algo that has been consistent in the longer term for GME (and many other retail stocks) could be back in play here. If this timing holds - look for a new interim high by the late June/early July. Price Targets = #1 = $200 (retest of last break-out's high on March 29th), #2 = fill of the price gap located at ~$292.xx. And obviously, if the shorts start covering in mass - price could squeeze much higher. In terms of wave structure there still a chance GME could retest the low $80's again for a triple bottom formation. Will be watching closely next week. However, given the now over-extended 100% utilization, ever increasing CTB rates, and the pegged OBV, I think GME moves higher from here. Looking to add to shares and will carefully consider OTM calls early next week with the price targets/timing as outlined above in mind. POWER TO THE PLAYERS ! Not financial advice.
NYSE:GMELong
by Akksujean