GME buy at 42 sell at 85 - easy 100% - pure technical playGME is going up on a very high momentum and volatility, very emotional market with very clear Eliott Wave patterns
It seems that possible pullback today is a great buying opportunity around 42 USD. Area of 85-90 USD is a good place for a local top.
GME
GME Bullish Setup Jun 6-7th Update#GME had a very strong close today, hitting my Main Target box to the penny!
#TTR was long #GME (again) from $24.54, we are 50% out today, near the highs, holding the rest for Friday.
#TTR was also long GME from $13.01 and we exited the most at 64.54, 57 and 51 on the main gap up day!
#TTR is also long #AMC, all the targets were posted
GameStop(GME) Is Ready for Pump🚀➕250%🚀🔥Today, I want to analyze the GameStop(GME) project for you. After being listed on some exchanges , it has increased its price by more than ➕3,900% in the last three days.
📚What is GameStop(GME)❗️❓
🔸 GameStop(GME) on the Solana network is a meme paying tribute to the 2021 short squeeze of GameStop.
🌊According to the theory of Elliott waves , GameStop(GME) seems to be completing microwave 4 of the main wave 3 .
🔔I expect microwave 4 of the main wave 3 will complete in the 🟢 Support zone 🟢, and the GameStop(GME) will start to increase again (🚀➕250%🚀) .
@TradingView has added new features, one of which is the Volume Candles chart . I suggest you use TradingView's new features .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
GameStop Analyze (GMEUSDT), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
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.
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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.
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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.
AMC pumps price and volume into fair value zone LONGAMC is on a 4H chart with a set of VWAP bands overlaid In the past two trading sessions price
and volume have pumps and so also the PV Trend indicator. There is no fundamental
footprint on this move. it is a pure meme much like a similar move of GME. I will go long
here hoping to ride the momentum and capture profit. I will set a stop loss fo 10% n
recognition of the volatilit The final target is the $ 120 range pivots of April and
August 202. The initial target is the $35 range of the ranging zone of August 2023. Upon
reaching the first target I will cut the position to 50% for the leg higher. I will cut the position
if momentum fades especially if the volume fades with it. This will be interesting at the least
and highly profitable at the very most.
Analyzing NVDA's Breakout Patterns and Strategic Trading InsightDuring the last breakout, NVIDIA (NVDA) surged by 300 points before experiencing a sharp decline of 134 points within two days. This current situation bears a striking resemblance to the previous occurrence. Reaching 1282 would position NVDA as the most valuable company globally, contingent upon Microsoft's valuation. I possess additional market capitalization levels for comparison with Microsoft. I anticipate NVDA's final ascent towards becoming the world's most valuable company, followed by a significant pullback.
This scenario echoes Tesla's (TSLA) behavior when it announced its first stock split: a substantial run-up leading into the split date, followed by a rapid 30%+ decline over a few days.
Currently, I hold long call options for the upcoming day. I purchased 1200C on Monday, sold the majority, and retained one position overnight. My plan is to transition to put options when NVDA reaches the 1282-1300 level.
Trade Idea: 1200P 6/14 at 1282.
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.
MTF WAVE indicator Case study on $ALICECase study for the MTF Wave showing all entries and phases in a clear way.
Make sure to compare the ideal MTF Wave concept with the actual MTF Wave indicator below the chart to compare the wave start, short and long entries, as well as different wave phases and how they correspond to Price action.
This one geared up while showing the perfect Fake Down (large gap between gray and blue) right at the support retest after initial breakout, followed by a 116% run so far!
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.
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👇 👇 👇 👇 👇 👇
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.
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.
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.
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.
GME Short Sale Volume Analysis: Short Selling Dynamics & Keltner
Overview:
GME is exhibiting compelling signals that warrant attention from traders and investors. We have observed significant activity in short sale volume alongside a notable expansion in the Keltner Channel. These indicators suggest potential market volatility and trend shifts in the near term.
Key Technical Indicators:
Short Sale Volume & Market Dynamics:
Short Selling Explained: Short selling involves borrowing shares of a stock and selling them on the open market with the intention of buying them back later at a lower price. Traders profit from the difference if the stock price declines. This practice is often utilized by investors who believe a stock's price will fall.
Role of Market Makers: Market makers facilitate the trading of stocks by providing liquidity. They are essential in ensuring that there are enough shares available for buying and selling, including those needed for short selling. Market makers often hedge their positions to manage risk.
Short Squeeze Potential: When the short sale volume is high, and the stock price begins to rise, short sellers may rush to buy back shares to cover their positions, fearing further losses. This buying frenzy can drive the stock price even higher, creating a short squeeze.
Keltner Channel Expansion:
The Keltner Channel, which utilizes the Average True Range (ATR) to set its boundaries, is currently expanding at the fastest rate since December 2020.
An expanding Keltner Channel indicates increasing volatility. The last time we observed such rapid expansion, it was followed by significant price action in GME, making this an essential indicator for traders.
Implications:
Bullish Sentiment: The high short sale volume suggests significant bearish bets, which could lead to a short squeeze if the price starts to rise, forcing short sellers to cover their positions.
Increased Volatility: The expanding Keltner Channel signals that GME could experience substantial price swings. This heightened volatility necessitates careful risk management, with wider stop losses to avoid premature exits during volatile price movements.
Hi! this was generated by AI because it's 02:16
version 2.0 if this picks up
cheers
Seeking Assistance: Analyzing GME Short Sale Volume with Keltner
Hi TradingView Community,
I'm reaching out to this knowledgeable and vibrant community for assistance in analyzing the short sale volume of GameStop (GME) on a monthly basis. My goal is to gain deeper insights and potentially identify trading opportunities based on this data.
Current Analysis Setup:
Indicators in Use:
Keltner Channels: I’ve been using Keltner Channels to gauge the volatility and potential breakout points for GME. The channels are set with a 20-period EMA and a 2x ATR multiplier.
EMA Crossovers: Additionally, I'm observing the crossover of two EMAs (Exponential Moving Averages) - specifically, the 50-period and 200-period EMAs. These crossovers often signal potential trend changes and are crucial for timing entries and exits.
Areas I Need Help With:
Short Sale Volume Analysis:
I'm looking to understand the impact of monthly short sale volume on GME’s price movements.
How does an increase or decrease in short sale volume typically affect the stock's performance?
Are there specific patterns or trends in the short sale data that correlate with significant price movements?
Combining Indicators:
How can I effectively combine the insights from Keltner Channels with the EMA crossovers to improve the accuracy of my trade signals?
For those who have experience with these indicators, what are the best practices for interpreting signals from Keltner Channels in the context of short sale volume?
Identifying Key Levels:
What key levels should I be watching based on the interaction between the short sale volume, Keltner Channels, and EMA crossovers?
Are there historical precedents or case studies where these indicators have successfully predicted major price movements in GME or similar stocks?
Example Chart:
Below is an example chart illustrating my current setup, with the Keltner Channels and EMA crossovers:
Call to Action:
I greatly appreciate any insights, analyses, or resources that the community can share. Whether it's past experiences, detailed explanations, or even annotated charts, all contributions are welcome!
Thank you in advance for your support and expertise.
Yours truly
StrangleManiac
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?
GME SOME HOPE AGAIN?GME Crypto has performed a nice 50x since my call around 3 months ago. That's a pretty crazy result. Are there some hope to pump again? In my hopinion, the fight has just begun. I think we will see a pump on GME Stock and GME Crypto could likely follow. Actually the price reached an interesting buy zone, and i think we can see an upside move that could lead the price near 0.18
FFIE Short Squeeze Levels and Zones ChartedBeen watching and trading this thing since $0.09. Couldn't believe the structure and strength of the buying. 1 billion volume past 3 days. 97% shares Sold Short. now there's articles and vids popping up and our beloved apes from AMC GME looking for more nose candy.
Something I've noticed is that the past 3 days have rallied @ or near 12pm(Noon) EST as noted on the Chart. is it when the shorts go to lunch? < jokes but maybe.
But I think this thing is really in perfect storm territory
Im going to be looking for this noon bounce thats happend past 3 days.
looks like there's going to be some pressure from 3.11-5.48 with 13.96 in range of this run.
We want to see the same signals. Nice Vwap support, Selling met with stubborn buying at support levels, Local Top aggressive selling met with aggressive buying during with those nice long wicks to Vwap support. The 3 min chart has been great visually to see this stock work through price levels