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GME

GME - a great buy option?As I see it, GME is moving inside a channel or wedge, which is inside a larger channel. Zooming out, I see an even larger wedge, that underlines the trend. If it continues down inside the smaller channel or wedge to the supporting line of the larger channel, there should be a great buy option, which potentially has a lot of upside. I like to look at charts because I believe there is magic behind the numbers, if you can read the history, psychology and trends in the charts. I hope I can inspire and entertain, but I am not a financial advisor. Please do your own research.
NYSE:GMELong
by UnknownUnicorn28352024
GME: Short & Long (triangle, lines)Gamestop near double support. We have a triangle at the top. According to classical technical analysis, such a triangle can be both a trend continuation model and a reversal model ... Moreover, this triangle must be broken up or down no later than 3/4 of its beginning to its top, in other words, no later than November 1, 2021 ... Otherwise, the model is considered unfulfilled (rotten), which means the price has entered a sideways trend. At the same time, inside this triangle, we see three downward movements, each of which lasted exactly 56 days. The first two movements gave approximately the same -42-45%, but the last third gave only -17.34%. The foregoing suggests two opposite thoughts to each other: 1. Sign of bullish strength. The bearish downtrend is losing strength and the GME is ready to start an upward movement, bouncing off the support lines. In this case, we have the right to hope for a profit from a long position at least + 25% by December 01-06, 2021 - until the triangle resistance. As much as possible, we can expect the breakout of the resistance of this triangle and the continuation of the uptrend to the vertical size of the triangle = $ 397. 2. Sign of bearish strength. The triangle is preparing to become a reversal pattern and shed the price strongly down - to $ 65-55 per share (about -65%) just to the level of 2007, 2013 and 2021. I expect more bearish downtrend than bullish uptrend ... But at the same time, I have already placed orders in both directions with short stops and pyramiding on corrections towards the developing movement. In both cases, I look forward to making a profit. But only prolonged sideways movement with strong volatility can cause losses. Not a financial recommendation. Not advice.
NYSE:GME
by Dr_Chester
1
GME TO THE MOON SOON! 🚀🚀🔮 LFGThe long term consolidation is fucking insane. It is wedging at a very nice form. A breakout could happen before November 15th. The SEC report stated that barely any shorts have covered...even after January's rally. (Only a few small shorts covered but not the big ones) Shorts never covered because brokers took away the buy button. Thus shorts didn't need to cover because everyone could only sell and they'd be stupid to cover. What is different about this time? People are buying actual shares in their own name... now leaving it in the hands of retailers rather than brokers. Meaning if prices go as high as 400 again, shorts WILL cover and skyrocket a shit ton even if brokers restrict trading again. What's more is that we saw a massive cup in the middle of the wedge. I may be grasping straws here but we are in on overextended handle the just needs to break the resistance for it to fly. While this is a slight stretch, on cannot deny the wedge formation is looking good. GME to 1k🚀 APES NEED TO GATHER. LETS GET THIS BREAKOUT AND FLYYYY
NYSE:GMELong
by CheckMatted
GME Everything Is pointing towards ANOTHER RUN ! Bullish !Not Financial Advice ------ Technical Analysis : ___________________________________________________________________________________________________________________________ First looking solely at the TA , considering the ticker cyclical behavior everything shows that it should shoot up anytime. Ascending Triangle inside the "Golden Triangle" MACD/RSI are showing the same clear signals as before precedent runs. Not shown on the graph, but IV is also at the same value as before JAN 2021 Run. Now I believe more volume is required to beat the downward pressure from Bears Hedge Funds. ------- Run down of possible Catalysts : ___________________________________________________________________________________________________________________________ Earnings Now we're in this dynamic right before earnings , with the cyclical behavior in mind, it only adds to the bullish case. Video game industry sales are extremely seasonal. and Nov , Dec are by a large margin the best months for the whole industry. Adding to that that Gamestop sells much more PC hardware, clothes, phones... And is the process of shifting to an e-commerce model. It is plausible in my opinion that they will crush this quarter. One of the sources : www.statista.com ___________________________________________________________________________________________________________________________ SEC Report : During June earnings meating Gamestop board anounced they were in talkings with SEC. SEC issued a report that's overall pretty bullish from SEC, basically stating that Shorts are trapped in this case. Source : www.sec.gov ___________________________________________________________________________________________________________________________ My personnal belief as I said is that volume is required to back the bullish case. With FTDs rolling for Shorts we could also see a fabricated upward momentum. We can also believe it will go to 200 then back before 170 before another run early November. In case volume is as dry as it has been lately. Honestly no precise price target in case it shoots up, just up.
NYSE:GMELong
by eyeshield2b
An early gift for your Christmas Superstonk. Bullish to $290I love me some $GME. We've got some technical 'scallops' forming here. It's going to pop, but the intensity will depend on the 'catalyst narrative'. Typically, timeframes to hit targets for triangles is 1/3 the base forming (puts us at $290 w/in 80 calendar days. aka CHRISTMAS). Wait until $180 to buy on the pullback, or you could wait for the technical breakout (with volume). Buying stocks at the pullback you'd have a stop at $164.45, and a price target of $285, with a Risk/Reward of $15 loss V 110 gain = 7:1. Options will be a good play, but I'll wait for the technical breakout first, or see what the candles are doing on a breakdown. No matter what this is a buy in that red zone. I'm at the point in my career where I'm not interested in playing weekly or monthlies so I'd buy the January monthly $210C (for about $15). Good luck out there!
NYSE:GMELong
by TMoneyBidness
3
AMC's 3rd Squeeze PredictionAMC has been prepping for it's next squeeze for almost 5 months now. Short Interests is at all time highs meaning shorts have not covered and the technicals show bullish momentum starting to build up once again. Some indicators that suggest the next squeeze is starting.. low volatility, low volume (increasing now), high short interest, pennant close to breaking out, and previous trend analysis. My price target is taken from AMC's Speed Trendline & Fib Retracement levels which suggest the next squeeze will peak end of November at around the $150 area Low/High Weekly Price Targets: October 22 - $38/$48 October 29 - $42/$62 November 5 - $52/$80 November 12 - $73/$88 November 19 - $87/$104 November 26 - $96/$150
NYSE:AMCLong
by TradingWithEmotion
9
$GME wedge coming to the end50 and 20 DMA cross (last time crossing the 50 and the 20 on separate occasions led to a rip). Wedge coming to the end. Bullish on the daily MACD as of today. ADX/DI signaling a reversal. Nothing else to say... I'm not a financial advisor but I think we rip in the next two weeks. If the fib replacements follow similar to $AMC's run in June I could see $640-800 as the next price targets. Positions: Shares and 10x $195 C 10/29 Edit: My bottom trend line is a tad high and the triangle isn't connecting fully (did those on mobile) but you guys get the picture
NYSE:GMELong
by bullwinkle107
2
$GME: "Weaponized Commodity Markets" Could Mean Another SqueezeAs crude oil sits in a very vulnerable position, Putin has come out declaring it could head to $100 and while China contemplates the scale of a potential Evergrande bailout, there's a serious potential risk here that the inflation trade will continue thus leading to another squeeze out of GME which has been an efficient barometer for inflation since it's grand squeeze in January. However, it isn't just the movement of liquidity that could benefit the prospects of GME. If sky-high gas prices are here to stay, another stay-at-home windfall could push GME back into the 200 pivot or even beyond as reopening vacation plans get shelved.
NYSE:GME
by Fox_Technicals
1