HUHJust a guess, too much info on screen but not enough info for short term play. use at your own risk.
GME trade ideas
HUHJust a guess, too much info on screen but not enough info for short term play. use at your own risk.
GME - RUMOR Confirmed! GME - Stock Split & Dividend!
Company released an 8 K filing AH today stating plans to hold a vote for a stock split/dividend at the company's next annual shareholder meeting. Details linked below.
Link to 8-K filing: www.sec.gov
AH price is up +$30 and FOMO is building with the Apes. Could easily push price above $200 on tomorrows' OP-EX putting a significant gamma squeeze back on the menu heading into next Tuesday.
And even before the news today the overall TA remains bullish despite the shenanigans of the 29th with a completely atypical limit down halt a few minutes after the open.
Long term breakout looking SOLID with significant volume pouring back into GME over the past few week. Volume accumulation % is building and is larger than pre-sneeze levels. Bulls appear to be in control of the stock at this point.
VFI (Volume Flow) is flashing a BUY signal on the 4 hour chart, daily will likely soon follow. Looking at the ATR (volatility %) looks like buyers have been busy adding to calls the entire month of March IMO = BULLISH.
HODL!
Outer Fib levels and beyond are...
NOT A MEME!
Not financial advice!
GME Short Play - Down to $130s by EODCurrent support for GME at $160.
Heavy sell pressure with regular drops below support before recovery, plus multiple previous supports shattered.
GME likely to fall to next support, likely the prior resistance at $136-$137 range by EOW (4/8) as bears have no sign of releasing pressure.
Puts on GME for $136 strike.
HODL Gamestop if you want to stay poor!How is that for a title? Traders are going to win this play and all the people who are going to hold for the long term are going to get slapped worse than a host at the golden globes. What an opportunity to get out! If I was in GME around this range, I would be selling to recover whatever I could and move on to something else. This is basically a miracle on low volume. Big players may be entering for a last short squeeze as time runs out but don't be the guy who holds for the long term.
Gamestop I guess is looking to do a stock split to make the price more attractive so I am going to have to lower my $10-$20 target because now it's going to hit that too easy in the long run. So what are we talking? Maybe a $5-$10 new range after new shares are issued. This thing is going to turn into a penny stock so they need to be careful on these splits. And don't think GameStop isn't looking to issue new shares out of thin air and dump them on the market. It is no different than the FED issuing new credit to the US out of thin air. Everyone buying that stock is giving a lifeline to Gamestop to live off and stay alive. This isn't just a Zombie Company, it's high on crack and hitting up all its friends for some dollar bills telling them "I'll pay you back man!" We know how that works out.
All the HODL'ers that are throwing their life savings at this will be in the basement like, " But MOM! You said I can stay out until the street lights come on! " Your lady friend isn't going to be too happy with your cubic zirconia when you're down on one knee because you bought GameStop for the long term. Be the trader on this one and let your buddies who won't listen see their wealth evaporate.
#winning #gme #gamestop
GME Trying to find its way home...Ryan Cohen has announced with his massive balls on his sleeve that GME will be seeking approval of a stock dividend along with a split. This is extremely bullish news along with the bullish price action we have been seeing the past couple of weeks. GME looks to be heading back up the upper trendline around 240$ area at the moment with momentum continuing up, If anyone is shaky about staying in this play then it isn't for you. This is a long term swing/squeeze play imo, Looks like its doing the same thing AMC did last year in the summer breakout of 70$, (breakdown out of the bull flag, then proceeding to scrap its way back up into the upper trend before finally taking flight. We shall see what it does but i am personally adding and holding the positions I have. Good luck guys.
A Picture is worth a thousand wordsNot Financial Advice:
Interesting observation that price tends to be encouraged off the 147 line. Doesn't like to stick around for long, will be interesting to see if this time is any different.
We on like Donkey Kong GME STOCK SPLITUp 25 dollars after hours.
Its time
4+ million shares for tomorrows expiry alone after 200 dollars. these are not hedged much at this point.
Momentum Channel WarsTwitter apes are chattering about levels for these derivative stonks. If a simple linear regression is accurate enough, I'm expecting to see $120 & $250 for $AMC & $GME support levels. The price action regression slope for AMC (0.5) is 2.5 order-magnitude larger than the GME (0.2) ticker.
If this is so-called "price manipulation" is true, it is hidden in momentum indicators, not correlations. OBV trails are telling.
ANALYSIS ON GME/ Good Probability of an uptrendOn GME we have a candle with a long wick and a large volume so we have a good probability of an uptrend....
GME rally stallingeach spike has held the trendline and resulted in a large pullback. Yesterday we had an intraday rally up to nearly $200 but closed 10% lower at $179. that indicates recent momentum is probably over for now. So move up trailing stops or cut your position IMO. book some profits if you were in this move. Take maybe 2/3 off the table and let the 1/3 run for a free bet, again my opinion. RSI overbought at 80.
$GME Trading it 3/31below 165
156-159 possible intraday
idea only valid if market red/negative 2morrow
#optionstrading #options #daytrading #tradeideas #stockmarket
GME technical analysis to run up in January Analysis of bull run in January 2021 to the setup we have here
Trade halts were January 27th before GME hit record highs on January 28th
link below
Use 4 hour for chart GME www.usatoday.com
BULLISH
Not financial advice
No dates
GME rally stalling 2GME 15 minute chart showing above or near $200 the RSI spiking to oversold (i use 80 as oversold not 70, weeds out false signals). No volume above or near $200 to verify the move and sustain it up there. Big sell ff into close resulted in an MACD crossover.
