GME back to the future, just this time on a much larger scale.
The chart above is a composite chart of: AMC, GME, COIN, HOOD, CHPT, F, LUMN, GRAB, FINV, CHPT. 3 of these are in the XRT ETF but that doesn't matter too much. This basket is the "meme" basket and it's general use as i understand is as a source of liquidity since most of the stocks inside it are illiquid like GME, LUMN and maybe a few others. I don't think AMC is...
Looking at the H4 chart, my overall bias for GME is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 18.85 to form the retail double top pattern. Stop loss will be at 22.47, where the recent high is. Take profit will be at 15.43, where the previous swing low is. Any opinions, news,...
Last I posted on GME was In October - I pointed out it was an **obvious and typical** NinTendo pattern and of course it worked out. I didn't follow up or anything as it fell from grace because why would I? DYOR or whatever. Well now I'm back from a rave roadtrip and I see that its ready to pop again: Initial target 23.88 by 1/24/2023 Target 28.08 by...
Market Conditions: - trend reversal - bullish sentiment in the market Key Level and Lines: - $21.89 resistance Trading Ideas: - go long after a consolidation around the resistance - a false breakout and bearish sentiment in the market = trade opportunity for shorting.
Not trading off my data anymore. Here's my thesis. -Large option OI expiring this week for GME and a lot of other stocks due to leaps bought in 2022/2021. -Going back to my old ongoing theory about SLD Tuesday (Next Week's Tuesday) where the Opex week's options e.g this week's expiring options will settle on Monday and shares on Tuesday. The bigger the amount...
Hello and good morning fellow traders! hope you are all feeling great about today. So after watching the opening of the market this morning I came up with this idea. GME just lost the 20.35 -21- support lvl and has dipped into the green lvl of support shown on the Ichimoku cloud. It must hold the 17.17 -18.78 LVL of support or else GME will continue to the...
Good morning! GME needs to hold this area of resistance at around $20.35 -$21.23 if it wants to push to the upside. If the support level is broken, we will most likely see GME fall down and test the $18.40 Lvl. - If support holds then we will continue on up to the upside and test the $22.84 - $23.26 LVL. - The next LVL after this will be the ...
"The basic idea is, 'we don't care what really goes on at GameStop, or if they have a certain new product or whatever. We just want to show the market that success is not the reality of production but the enigmatic character of our act,'" Slavoj Žižek said
If you look at the VRVP analysis you can see clearly (the yellow) that no buyers filled the gap between 120-155, meaning this was a straight fall shorted by hedge funds. They are trying to fill out their shorts at this 107 price level, it's just a question of time at this point, they can't keep this suppressed with such a large gap, it would initiate momentum to...
Be sure to load up responsibly at the correct zones. $19.5 and $17.xx are decent prices to get in. Always save some cash to buy more later at lower prices. Don't go all in at current prices. I've loaded up on March calls $20c for around 1/4 port value. I'm ready to get more if we dip more at $17.xx will probs get $18c for the same expiration. Sorry for switching...
Hey everyone, As always not financial or sexual advice. That being said, every time the CTB rises drastically there has been a sharp increase to the upside in price. March 15-24th 2%-22% increase of ~153% May 19-25th 8%-50% increase of ~64% July 21-22nd 32%-124% increase of ~ 20% Dec 19 - Present 8%-27.7% increase of ??? Fibs suggest a downside of...
To add a good approximation of what the current meme basket looks like just copy this and add it as a new symbol. AMC+CHPT+COIN+DT+F+FIVN+GME+GRAB+HOOD+LUMN This is the current basket and someone's sold $166 mil worth of spreads ranging between $0.4 up to $6.3 in spread on this basket on the 7'th of Dec and 15'th of Nov. There's around 78 transactions worth $2m...
GME is looking super good today. Shorts increased their positions by another $25mil which is extremely bullish for GME in terms of making the price increase/run or whatever you want to call it. It looks like the run is happening after all. You need to however take the rest of the market in consideration before getting too happy. For the past few cycles, GME has...
My previous target of $19.40 ish is almost there. The biggest loading zone is here. My entire port is now on GME calls. No PT from here, i only know that $19.4 is an extreme support. If broken by a lot and for more than 1-2 days, god save us all.
Looking at this Falling wedge on the daily, a breakout of this wedge could be substantial and shoot this stock back into the 40s with ease. SI is on the rise as is IV, Also SMC showing GME has just entered the Discount zone and grabbed a pretty big block of liquidity. Prem zone on the Daily is sitting in the $43 dollar range.
It's simple, just like my previous posts. This has nothing to do with earnings or fundamentals. It's purely a market mechanic trade. The delta from expiring/exercised/rolled monthly expiring options from the end of the month will always hit the market on the usually first Tuesday of the next month. Dec 6 is the date where lots delta will get settled due to last...