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.
GameStop Short Term - We look to Sell at 91.90 (stop at 108.16) The primary trend remains bearish. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. Further downside is expected. Preferred trade is to sell into rallies. Our profit targets will be 57.10 and 40.00 Resistance: 92.00 /...
Not financial advice. The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
If we don`t take into consideration the fundamentals of the company, instead we look only at the technical analysis, every falling wedge of GME ended up with a rally higher than 51%. That could be our price target too, $174 (+51%). Looking forward to read your opinion about it.
2022 is looking like a year of stock splits as companies seek to make their shares more appealing for retail investors. Following Alphabet (NASDAQ: GOOGL), Amazon's (NASDAQ: AMZN) and Tesla's (NASDAQ:TSLA) recent split announcements, GameStop (NYSE:GME) followed suit, hinting at plans for its first stock split in 15 years. The American video game retailer, which...
Looking at Gamestop (GME) on the weekly charts I wanted to see where it is going in the long and short-term. On the left side we see the massive rally in early 2021 hitting the all time high of $483 and pulling back to around $320. Then in March and June we see to breakouts but failed attempts to take out new all time highs. You see the long upper wicks...
Weekly Time-frame Weekly TF is now continuing its trend to the upside. Don't trade against the market trend it will rekt you. Your weight is so small that sitting in the rocket ship will not change the direction of the rocket. same principle applies in the down trend do not catch falling knife or you'll get rekt. The trend is your friend until the end. our...
Net sales $2.254 billion VS $2.122 billion in Q4 of 2020 VS $2.194 billion same Q 2019. Net loss of $147.5 million, or $1.94 per share VS a profit of $80.5 million, or $1.19 per share las year. My buy area is $48 - $69. I expect a bounce from that strong support.
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.
Ik i have been posting a lot of bottoms lately and its bec there have been a lot! GME has had this weird daily price action where it closes red on the day with a green daily candle but does not really make any new lows. Breaking above this gets my nips ready for another rocket ship moon landing. I got NO2 and turbos in my rocket ship. My rocket ship goes fast!!!...
GameStop - Short Term - We look to Sell a break of 118.66 (stop at 132.19) Rallies continue to attract sellers. Daily signals are bearish. Trading volume is increasing. The bias is still for lower levels and we look for any gains to be limited. We look to set shorts in the early trade. Our profit targets will be 62.74 and 42.00 Resistance: 160.00 / 200.00...
GME Gamestop had 4.8K Puts and 1.6K Calls for the past 7 days, most of them being short term and leading to a price close to the $110 support. Considering the chart and the options for GME i would say it has the chance to touch that support line before being bullish once again. Looking forward to read your opinion about it.
GME Gamestop is launching a marketplace for NFTs, reported the wall street journal. GameStop is also reportedly creating partnerships with two crypto companies to “share technology and co-invest in the development of games that use blockchain and NFT technology, as well as other NFT-related projects”. The stock bounced from a strong support and is heading to the...
Welcome to my in-depth and detailed analysis on Gamestop GME. This analysis was first published on 11/22/2021 at 12:35 by me Highrisk221. Date and time information is based on Berlin time zone. We look at Gamestop in the 1 hour chart As we can see in the chart, the price trend wärend the last high phase on 08.06.2021 at 17:00 put a correction phase which...
After this beautiful play from support to resistance: Now GME Gamestop formed an upside trend with a price target in my opinion of $260 Looking forward to read your opinion about it.
If you hold Gamestop I'm so happy for you. I personally only hold AMC but I don't care which stock skyrockets or squeezes first. The other will follow. That's facts. GME has either bounced or been rejected by the long-term trendline from 04/03 2020. It has respected the trendline as support 9 times. Friday the trendline was respected again. A lot of people were...
If you haven`t bought at the support: Then you should know that today GME Gamestop had some of the most extreme out of the money short term calls expiring Nov 26 with a strike price of $500! I see a short term upside potential of $280 (the next resistance) Looking forward to read your opinion about it!
After breaking the downward trend line and closing way above it. It is to be expected the GME start a massive rally similar to the one it made earlier and make new highs. Key levels are mentioned in the chart. PS. such stocks shouldn't be invested without proper risk management. Don't forget to put stop losses near resistance area.