GME Really Needed A BounceTalk about a wedge! Really?? Truly??
I mean...it bounced off of those $10 lows and all...
GME trade ideas
GME idea So this dude has 120,000 $20 call options expiring June 21 and 5 million shares he purchase at $22 average or around there. he has not sold a single share or option , the company announced earning earlier than expected and said they will offer and issue 75 million more shares. So on Friday the price went as high as 48 and ended the day at $ 28 . The dude saw millions of paper loses on his position and didn’t even thought about selling a thing . So that brings me speculative conclusion. In order for both GME CEO and Roaring Kitty to screw up the shorts they need to be together on these play . Next week GME CEO needs to make an announcement about part of the 75 million offering being finish and that they will not sell more shares until later that could bring the speculators back in the game . with roaring kitty still holding he can say he is waiting until expiration date to exercise his calls and buys 12 million shares off the market that would be crazy and speculators will want to buy shares before he exercise his options . Ryan is a smart Man and this is a big oportunity to raise billions for the company and putting himself on a good position as a great CEO . That’s the first scenario . The second one is . Ryan and the shorts are working together on screwing up the company. If that’s the case roaring kitty will have no options but to sell his calls and sell his 5 million shares , that would be devastating for the stock since all the holders will lose faith on the stock and could potentially fall down to $10 or lower. There is more money to make to the upside if GME ceo plays his cards right either he sells at $ 120-150 par share or rides with the shorts down to sub-$10 . That’s a possible 4-5x on the upside if the short squeeze happens . This is not a financial advice, this is just my personal opinion .
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.
Can Roaring Kitty and WSB team push Gamestop to $184If u copy the price range #1
and add it to the high of 2008
We get a log price #2
This could be useful to have some insight to where #GME could possibly go if things go crazy!
And it not only challenged it's ATH but goes on into blue sky territory.
This is also extremely bullish for #crypto and #shitcoins
Wild Degeneracy breeds FoMO and creates giant green candles where don't expect them
#Memecoins
GME CRAZE ! YOU IN OR OUT ???Traders! People! Home Gamers! What ever you want to call yourself, let's have a little excitement with trading and talk a little about YES, GME.
You can't be a trader of any kind and ignore this craze. Meaning, you can't help but have some kind of interest in watching all this unfold. Whether you believe any of it or feel it's all a put up hoax in the world of Wall St, let's just enjoy the entertainment for what it is.
Let's pull up some charts and look this thing straight in the eye and decide if you are willing to take on a possible money opp or not.
We broke out of a resistance area on the 15min chart.
There is a big supply area starting from 41.67 to 56.75. With that said, is it not a long trade here? Sure looks like it. Ok, where should a trader get nervous after being long?
I would start to really watch my 15min chart for any kind of selling pressure starting around 41.67 area. Big zone stretch up to 56.75. If price were to break out past that then that's a story for another day. Let's first get to these areas and we can have another talk at that point, in the meantime please trade with caution if you choose to venture into this stonk and remember June 24 is earnings report.
Best of luck in all your trades and remember to trail a stop with the sar or 10ma or both.
Cheers to: "I just like the stock". Meow.
It's Time, GME Shorts Will Be Turned to Glass GME has been basing and building a strong momentum slowly over the past couple of weeks after the share offering was completed. I do believe the squeeze has begun and it may have quite a ways to go. Here are some potential paths, I like that trendline for a target, that previous high will be important as well.
Total annihilation and destruction for GME short sellers ahead 🚀
Game Stop Bursting BubbleOn 05/14/24 GME hit a manic peak at 64.83 then crashed 73%.
GME then retrace a little more than .618 of its prior crash.
The peak on 06/07/24 was 48.00 and it closed at 28.22.
RSI and Stochastic are far from oversold. GME has a good chance of declining down to at least 10.00.
Predicting a return to daily open for $GME. Here's why:Based on the chart for NYSE:GME , there's a compelling case to be made that the price will likely revisit the "open price" level indicated at the top. Here’s why:
Reversal Patterns Indication: The chart displays a head and shoulders pattern followed by V-bottom formations. The head and shoulders pattern typically signals the end of a bullish phase, but the subsequent V-bottoms suggest strong buying momentum. This indicates that buyers are stepping in forcefully at lower prices, which often leads to a price surge back to higher levels.
Support and Resistance Dynamics: The specific price levels marked on the chart identify clear resistance near the "Open to Current FIB Retracement (std dev)" and just above at the "open price". After the initial drop, the strong recovery hinted at by the V-bottom patterns underscores a robust buying interest at lower levels, likely pushing the price to retest and potentially break past the resistance at the open price.
Volume Confirmation: Although the chart does not detail the volume data, the visible bars of green and red indicate significant trading activity during the recovery phases (V-bottoms). This heightened volume during upward movements supports a bullish outlook, suggesting that the price may ascend to higher levels, including the open price.
Psychological Round Number Factor: The open price often serves as a psychological target for traders. It's common for traders to place buy orders near this level, anticipating that others will do the same due to its significance as a starting point. This can create a self-fulfilling prophecy that drives the price toward this level.
Fibonacci Retracement Levels: The inclusion of Fibonacci retracement levels in the chart is noteworthy. These levels are widely used by traders to predict potential reversal points. The current price activity around these levels might encourage more trading based on Fibonacci strategies, aiming for a return to earlier highs, such as the open price.
Thoughts?
$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 $24 will allow for much higher prices in the future.
NYSE:GME Up resistances: 39, 58, 79, 99, 120
Gamestop Is Still BullishReasons why we are bullish for Gamestop:
the opening candle of May 14 looks very, very sick. The market won't let a candle like that stand. Never.
the VolumeProfile shows very strong buying interest
the CumulativeVolumeDelta is stable and shows no bearish divergences
GME - I took my profitsClosing under 47.50 will be a nice short.... the stock made a new monthly high so a movement until august, with a 2 weeks reaction
#gme
GME buy at 42 sell at 85 - easy 100% - pure technical playGME is going up on a very high momentum and volatility, very emotional market with very clear Eliott Wave patterns
It seems that possible pullback today is a great buying opportunity around 42 USD. Area of 85-90 USD is a good place for a local top.
Gamestop #GME Weekly Trade Analysis One can look for target of 115$ level from today cmp which is 46$
and if all things are good with the company then final target will be 1000 $ for long term 6-8 years
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
GME Gameplan for tomorrow June 7th, 2024.GME has a long term BAT pattern from ATH, which should lead it to 108.12 eventually for pattern completion at .886 fib.
However, there is also a short term BAT pattern on GME, which started on May 14th 2024 (80), and takes it to 72.90 for BAT pattern completion.
Tomorrow I think we will hit that 72.90 in early morning, and then retrace 38% down to 54.68.
This 54 is the level that GME has to hold for it to take it up to 108.12
GME MovementGME tested resistance then found support and quickly back up to test resistance again. It seems as if this could potentially break through resistance and find support on the Gann fan for further movement upwards.
The other plausible explanation is trending between the two current Gann Fans which is the second outlook
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.
$GME Healthy Gap up then 50% pullbackThis is the real deal. So nice they're running it up twice...
impossiblebull chart is 2 months old and his "equilibrium" is my current target around $50.
Shares>Calls for myself as I'm late imo. But room to run is there, and hype is back.
VIX is up in other news...
GMEIf NYSE:GME can continue closing above 33, has Monday's open capitulation area to reexplore as well as 48.75 gap from May
$GME Interest LevelsNothing fancy here, my interest levels are clearly marked. Trying to avoid the noise in between.
Gamestop MACD turning positive(⬆️ MACD Begins on chart)
Last time MACD turned positive, 20days ripping +%500 followed.
That previous run began BEFORE RK appeared. This time around, plenty of catalyst are present.
When a parabolic curve is presented, the second wave is twice as fast and aggressive (high).
I dont see this next %500 run in June taking 20days.. NYSE:GME #GME
GME Back AgainGME has struggled to maintain momentum lately, but it's a process. This week it has finally been building some solid strength. Some nice higher highs and higher lows for a change, rather than those impulse moves. Looking pretty great to go and test the week's highs and beyond IMO. Here's some potential bullish and bearish paths. Really like the way GME held the $20 area and is now grinding back up.
