GME is it on like Donkey Kong again?Bullish rising wedge breakout seen here which if the squeeze is on again could lead to a rip higher soon.
GME trade ideas
$GME: Where to Next? $100? 🚀Hi everyone,
Here's a quick update on $GME. We started yesterday at $64.74 and dropped sharply to $31.11 but managed to hold the 0.382 Fibonacci level. If GME can break above the 0.236 level at $41.72, we could quickly rise to $64, potentially closing the gap at $74 and even reaching as high as $100+.
Our MTTSA indicator predicts a significant upward movement, as the daily is about to cross the monthly.
Downside targets:
If we lose the 0.382 level, the next target is the 0.5 Fibonacci level.
If the price falls and closes below the hourly on the MTTSA indicator, expect it to seek support at $25.42.
There's also very strong support at the monthly level alongside the 0.618 Fibonacci level.
Conclusion:
GME has been making higher highs and higher lows. As long as it stays above the $31.72 level (0.382 Fib), this uptrend should continue. With the daily set to cross above the monthly, we anticipate a significant rally—similar to the impact seen when the hourly crossed the monthly.
GME short squeeze update 1We tested support today but didn’t get a gap fill from Monday’s open. Will buyers step in to take this stock to the moon again or will the hedge funds win this round. I’m in as of yesterday and added to my position today.
GME: Continues To Hold the Bullish 0.886 Position and 200-SMAThis is a little bit of an update and reminder that GME is still holding above the 0.886 retrace and the 200-month Simple Moving Average with Hidden Bullish Divergence within a Falling Wedge. We've held this level for months and it still appears that it can Bullishly Breakout of the wedge at any time, which should lead to some extreme upside between $60, all the way up to 134.77. But given how long it's been I'd say on a shorter term timeframe basis, just to be safe, $25 would be the first profit taking target.
It is also worth noting that on the monthly GME confirmed a Bullish Morning Star after the test of the 200-Month Moving Average.
#GAMESTOP IS NOT GOING TO STOP!GameStop Corp (#GameStop) video game store chain shares soared by 46% during Monday's trading on the New York Stock Exchange (NYSE), reaching $25 .
The surge didn't stop there, as on Tuesday the price reached up to $60 per share! Wednesday opened with a sudden downward gap, but by the end of the session, the price confidently recovered to $40. What will happen today?
The rollercoaster ride repeats itself with this stock after the sudden return to social media by YouTube streamer Keith Gill, known as Roaring Kitty. He posted a mysterious message on the X service (formerly Twitter), showing that he's always in the know. Gill's post garnered over 8 million views within hours of its late Sunday posting, marking his first post on the account since June 2021.
The surge in stock prices led to a so-called "short squeeze" - a situation where investors betting against the stock and opening short positions are forced to buy stocks as their prices unexpectedly rise, contrary to their expectations. This situation further fueled the rise in shares, which appreciated by hundreds of percent. As a result, funds betting against the company's stocks lost billions of dollars. Giacomo Pierantoni, Head of Data at Vanda Research, stated that the overwhelming majority of demand for shares now comes from retail investors. It seems that, as in January 2021, investors are betting against those shorting GameStop Corp (#GameStop) shares, notes MarketWatch.
GameStop short squeeze again?There’s a potential gap fill at the open on Monday below, but there’s also 2 gaps above current levels. A head and shoulders top breakout suggests the PTB are likely to quickly mount a pullback to pre Monday gap levels… with 20% short interest if enough retail players get onboard again we could see another round of squeeze and hedge fund blow ups. The falling wedge seen needs to breakout for the squeeze scenario to have a shot at playing out.
It’s unbelievable that the shorts are back on this stock and have been called out again by Roaring Kitty.
GME: History Repeats Itself | 61.54% Potential ReversalGamestop Corp (GME) has been a hot topic in the financial markets, and it seems history might be repeating itself.
After a significant drop, GME has shown signs of a potential reversal, with technical probabilistic indicators are suggesting a bullish trend.
In this trade idea, I will analyze the current market conditions, key levels to watch, and a potential entry and exit strategy for GME.
Key Points:
GME has experienced a considerable decline in recent months, which may be attributed to market volatility and investor sentiment.
My FREE OrderFlow indicator is indicating a bullish trend may be on the horizon.
This probability analysis suggests price rejection at the 0.5 level, which could serve as a potential entry point.
The 30m buyside liquidity level could act as a potential target for short-term target while the 1W buyside liquidity acts as long term target at $120.
Entry:
Wait for confirmation of a bullish reversal, such as a break above the 0.5 Fibonacci retracement level or a strong bullish candle on the 30m chart.
Set a stop-loss order below the recent sellside liquidity on 30m.
Exit:
Consider using a trailing stop-loss to protect profits as the trade progresses.
Risk Management:
Ensure that the trade size is appropriate for your account size and risk tolerance.
Use proper position sizing to manage risk effectively.
Monitor the trade and be prepared to exit if the market conditions change or the trade setup fails.
Please note that this is not financial advice and should be used for educational purposes only. Always conduct your own research and analysis before making any trading decisions.
15min bullish falling wedge/flagYet again, we can see GME has formed another massive bullish falling wedge/flag on the 15. A breakout out of this flag should bring a $25 to $50 gap up within the next 10 to 14 days. Stay tuned.
GME FailI thought GME had a good chance to rally after holding that trendline yesterday, but instead it gapped down below it and failed on a retest. Then we have a bear flag that has been broken to the downside. Rough day for the memes but I wouldn't be surprised if they squeeze at any time.
GMECurrent position: 50 Shares at $31 (small position)
Option premiums are too pricey, so I just bought shares.
Trade Idea May 24 50C $2.15 (very high risk)
GME & AMC MOONING! I FOUND A GEM!If you have any questions or comments feel free to comment down below!
Will Gamestop's ascent continue?If you would like to be notified whenever I post a new article, just click “FOLLOW” at the top. Also, if you would like to elaborate on a particular topic or need some advice, please comment below the article and I will be happy to help.
Will Gamestop's ascent continue?
After being dormant for a long time, the meme title craze is back in action. GameStop (NYSE:GME) is up 100 percent this week, while AMC Entertainment (AMC) has seen even greater growth.
What triggered the boom in GameStop's stock? There does not seem to have been any radical transformation in the companies involved, as they are also having a difficult time on the financial front.
The key seems to have been the resurgence of Twitter activity by “Roaring Kitty.” During the original GameStop stock rally, Keith Gill, a young investor from Massachusetts, bought shares from the beginning along with other experienced investors such as Michael Burry.
Gill often shared his insights on YouTube as user “Roaring Kitty.” The last time Reddit had mentioned him, Gill had shared screenshots of his investments that could have netted him $30 million if sold at the right time.
More money meant more problems. Gill also faced some legal controversy and testified before Congress, but then disappeared from the radar for a while.
However, last Sunday he returned to Twitter and posted some video memes that were interpreted by thousands of people as a signal to invest heavily in GME options. But another interesting factor comes into play here: last week, analysts noticed strange activity in GME's short-term options. Interactive Brokers chief strategist Steve Sosnick shared his analysis with Bloomberg. Is this just a coincidence? Or is there something more behind these actions?due interpretation is up to you.
Is it worth trying to invest in these stocks? Certainly yes, but it is important to enter the market at the right time and sell after a few days to avoid losses. In the long run, what matters is fundamental analysis, and thanks to TRADINGVIEW, which is able to analyze companies, it is possible to avoid big losses by investing in poor quality stocks.
TRADINGVIEW's data is clear: stocks are not doing well and therefore should be avoided for long-term investments. They are tremendously overvalued and can lead to money losses rather than gains over the long term.
The likelihood of another epic rally like in 2021 is very low because the current situation is different. The short interest rate is significantly lower and the market has become more efficient, with a more savvy public tending to cash in on profits.
Although GME's current financial situation is not dire, the company is experiencing a steady decline in revenues. To keep up, it will have to continue to cut costs even faster.
This can be a difficult task for a retailer, as many expenses are fixed and cannot be easily reduced. GameStop's latest earnings report reflects this difficult situation and showed very negative results.
Recently, I made a very good buy on Oil using TRADINGVIEW to analyze stocks in the sector. Currently, I hold positions on Bitcoin and Microsoft waiting for them to reach new all-time highs.
We look forward to seeing you in the next article! And remember, for successful trading always rely on TRADINGVIEW: an indispensable tool that can help you avoid serious mistakes during your trades.
GME structural liquidity strong low strong highsAlready mentioned in earlier posts but this is an overlay of the same structure of strong lows and highs with liquidity
GME Path Update GME is set to have a huge day tomorrow, but look out below if it can't sustain here.
GME never left discount price range As mentioned, GME didn’t left premium discount range but by the nature of the great range losses could be taken if any stock was bought in the below the upper limit of discount price. Now its developing a Trend Change.
GME Long IdeaGME sold off quite a bit today, but has remained resilient and is holding this trendline. I think the AMC share offering had a lot to do with it and I have a feeling we're not done yet. If it breaks below this trendline I would get out of the way though.
GAMESTOP!Hey everyone, technical analysis is mostly subjective and helps give us an indication, however I want to remind people to enjoy this price action and not get too involved in trying to make sense of it.
Have fun!
GameStop Rises from the BottomAfter enduring a tumultuous three-year period following its all-time high, Gamestop has begun to exhibit promising bullish signs.
The company's recent performance indicates a potential reversal in fortune, and investors are starting to take notice. With renewed optimism surrounding Gamestop, it will be fascinating to observe its progress in the coming months and evaluate whether this momentum can be sustained.
As always, the market is inherently unpredictable, so caution and thorough research are crucial when considering investment opportunities.
GME : Is the GAMESTOP Super Pump OVER?NYSE:GME 🚀 NYSE:AMC
In a single day, GameStop was able to outperform an entire year of BTC.
GameStop stock and AMC shares soared Monday after Keith Gill, who sparked the meme stock rally during the pandemic, made his return to social media for the first time in three years. The New York Stock Exchange temporarily paused trading on GME stock 34 times.
Short sellers are estimated to have lost over SEED_TVCODER77_ETHBTCDATA:5B in tow days.
One thing that is very evident (except for massive whale plays and no doubt insider trading) is the gap that formed around $20-$25. The price is known t return to fill the gap, so I am SHORT until that zone is filled, calling this entire scheme one big pump-and-dump.
AMC will soon fall to pre-pump lows as well, as the price levels fails to hold for even 12h:
Sellers are now dominating lower timeframes and the price continues to fall fast. The price COULD fall or wick as low as the trendline on the technical indicator:
__________________
$GMENot financial advice.
NYSE:GME Crazy study
few ideas Fibonacci numbers align exactly with gaps in purple boxes also it can be healthy A,B,C correction.
Like and subscribe for more ideas.
Thanks.
📉 GameStop Major Volatility, Grows 551% Ahead of CPI = Bearish➖ GameStop (GME) hit a low 15-April 2024 and has been green since.
➖ Bitcoin (BTCUSDT) can be seen turning green today.
➖ Today is the release of the CPI numbers.
➖ GameStop (GME) grew by 550%+ in a little under four weeks, which is amazing growth. We can see a huge gap that is likely to fill next and medium-size, yet above the weekly average for the past 3 years, trading volume.
The CPI dynamic vs major markets is quite easy to predict, how these numbers affect the market?
➖ Some people swear that these numbers are the main force driving everything in our lives including the financial markets. Depending on what these numbers read, our life materializes... Not me, many people think this way.
➖ Others think that the CPI has no effect on Bitcoin and some of the financial markets as a whole. These people see the CPI more as a symptom rather than the cause... Not me, many market participants think this way.
👉 When the market is set to move higher before a major report release of this kind, there tends to be a drop before the release of the report. The release of the report would then match market sentiment and expectations and we see higher prices. Higher prices is normally preceded by a drop.
👉 When the market is set to move lower before a major report release of this kind, there tends to be a rise, a very strong and unpredictable rise in most cases, in price before the release of the report. Once the report is released, market sentiment changes and the market turns the other way.
It is possible we are seeing this major bullish action on the GME stock because the market is set for a major correction a few hours or days after the release of the CPI inflation numbers.
Namaste.
GameStop Jumps Again - Up 118%GameStop shares recently surged by 118% in two days, coinciding with the return of Keith Gill, known as "Roaring Kitty," who ignited interest with a cryptic social media post.
This event underscores the ongoing challenge that meme stocks like GameStop pose to traditional financial analysis.
Historically, GameStop experienced a massive spike in January 2021, with shares increasing over 2600% due to coordinated buying by retail investors on platforms like Robinhood and social media forums.
Although the stock quickly lost nearly 90% of its value from its peak, showcasing the high risks of such volatile investments, it has shown signs of recovery.
After a period of stagnation, GameStop's stock rose sharply by 75% on Monday and saw early gains of 113% on Tuesday before settling to a 60% increase by the day’s end due to selling pressure.
With the stock's history of dramatic fluctuations, there is potential for surpassing its all-time high of $120, but significant volatility remains, with the $50 mark being a critical resistance level to watch.
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