If the previous chart that I posted regarding GME doesn't play out as I hypothesized, this is another likely outcome. Prize rises slightly out of the wedge pattern, which will trigger many buy orders as many trader's would see that as a bullish sign, then sharply reversing, and dropping down below the wedge to the bottom (dashed) support line, leaving many bulls...
With the recent bankruptcy of Evergrande, forcing the liquidation of its many short positions, rumored to include equities like GME, AMC, etc., many traders are expecting another brief 'short squeeze' as a result.
The charts seem to indicate that GME could make a nice move from current levels ($14.75), possibly even dropping to the bottom of the wedge to the...
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...
it seems like this support is holding pretty well:
I am tempted to think that GME formed a double bottom chart pattern and is ready for reversal.
We also have the second scenario with a sell to $70 before going higher.
GME is already a crypto play, as you know, they will launch a Digital Wallet and an NFT marketplace.
Looking forward to read your opinion about it.
After GME went even lower than the exacted support line:
Now we need to keep in mind that $90 is a great entry price in case of a selloff due to market condition and increasing of interest rates.
GME is now in a high volume consolidation area, slightly bullish in my opinion.
Gamestop is trading within a descending pattern (orange triangle), with the relative strength index trending down (below the orange line).
Price target (within reason) is the previous high $491.32 (dotted green line).
Expect pricing to stay within the yellow lines.
The Pink circles indicate touches on the trendlines.
*expect some additional volatility.*
The last time MACD crossed over Signal and RSI crossed over EMA together GME ran up to 350. If it forms a higher high than May's run-up it could reach the 1.236 Fib ratio of the most recent high-to-low trend, $418.92.
Tomorrow we see if history repeats itself; historic trend has been for a post-earnings call dip followed by bullish retracement
RSI looking oversold at these levels but earnings call will be the strongest catalyst for any price movement up/down. Any positive news from RC tomorrow and this rocket may take off
w/ a dip, prices may fall temporarily fall to 160-180...
Using fib channels, we can see the last time GME bounced off the bottom, it rocketed up to the golden ratio.
Right now GME is not only consolidating, but it also perfectly hits the bottom of the fib channel once again. If we take the exact timeframe of the last rise and place it right on the bottom resistance of the fib channel, we can see it perfectly hits the...
What a ride it has been so far for $GME this month. It is like an actual roller coaster: from having January flashbacks with insane gains, towards a huge sell-off within minutes. $GME has been haltered several times today where we experienced a 50% drop within half an hour. Since then, it recovered and hovers around the ~ $260 area. These developments are crazy,...
GAMESTOP GME NYSE 4H-TIMEFRAME ANALYSIS✨
Hello ladies and gentlemen
This is my new idea for GAMESTOP GME NYSE
I expect the price to move higher...
I hope my idea is clear
Support me by like and share
Stay Safe💯
Good luck💰
Hi everyone,
this retracement has been hard but in reality Wave had already retraced 95% of W1.
Here a some potential minimum targets for the next impulsive.
161.8% : 216.20$
261.8% : 259.75$
361.8% : 374.58$
Minimum possible target for W5 will be IMO around 322.34$
Which you the best everyone, it's always easier to climb a mountain with
the wind on your back...
GME is currently sitting on the 1 hour support and pivot line where there seems to be new buyers.
If this support holds, I expect GME to go back up to 211 to fill the gap.
Hi, welcome to the chart of Gamestop.co
Please read the Chart carefully to implement the idea on your trade.
please leave a comment below if you have any questions.
Thank You and Trade safe
Just for Fun, But You have to “Be In It To Win It” – Video walk through of GME Gamestop using the #xBratAlgo. On all of my videos I talk about entry and then trade management with our EMA Cloud. The 6* BUY signal from Summer 2020 on GME never took out the stop with EMA Cloud! Only Risking $1000 on this trade would have netted over $30 million Dollars…. #Crazy.
![GME: Gamestop [GME] Buy zone on the hourly and on support](https://s3.tradingview.com/f/FnNJCUlH_mid.png "Gamestop [GME] Buy zone on the hourly and on support")
