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...
we are consolidating between a major support and resistant , if we break from below we going to visit the support above the 18.85$ where we going to have a reversal, and if we broke the resistant from above, we going to have another profit taking between the 32$/35$.
GAMESTOP is showing little to no buying pressure at this area of support AND has failed to create a higher high on the Daily chart. Look for short opportunities below $19. I personally would be looking for an short entry if price where to break support and return to retest it, causing support to act as resistance with an exit well before the area of demand (Green...
we bounced from our support above the 15$, now we need to clear the resistant around the 22.20$, to continue this bullish momentum till the 25.50$, then the critical area of profit taking + rejection if we didn't clear it, will going down to have a reversal from the 10$ bottom for this year . if we clear that critical area (32$/35$) we going to have squeeze till...
we getting near to important breakout around the 40$, if we did and hold we going to test first the 49$, then around the 60$. NYSE:GME
GameStop Short Term We look to Buy at 118.26 (stop at 110.74) Preferred trade is to buy on dips. As this corrective sequence continues we look to set longs on a dip at better risk/reward levels. Levels close to the 50% pullback level of 115.39 found buyers. Further upside is expected although we prefer to set longs at our bespoke support levels at 120.00,...
17 hours ago GME has pushed itself above the 50MA on a weekly timeframe If it can close above this level before weeks end, GME may still push a new ATH
First, you must fall, then you can rise. This old saying also holds true for the GME stock. We expect the price to drop to around $54.58 and then go on to reach new highs above $500. So, there is a lot of potential still with this stock. However, the current correction needs to fully unfold, before the potential can be realised. Any new year's resolution already?
On the volume indicator, I can see distribution on the shares the bulls have collected their profits, letting the bears enter the rally, In January 2020 the GME stock has got a huge pump coming from social media like Reddit and Twitter, which prompted the platforms to limit the number of shares purchased as a maximum, and prevented some platforms from trading the...
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.
GME Gamestop bounced from support and now looks like it`s heading for the resistance. My price target is $226 I`m looking forward to read your opinion about it.
GME reached the 200 MA on the 8h + extended hours, it hit the S3 weekly, the diagonal support, a VP HVN and it managed to get into an area that was previously resistance (currently turned into support). So to me this either is the bottom, or GME is in trouble. This is a massive combo and the structure of GME in the long term is still bullish. In my opinion the...
GME haves been holding strongly an amazing support at the Fibonacci Retracement's 0.618-0.66 and is ready for it's next shot towards the moon, the current 0.618 (TP1) for the Fibonacci Extension is at $334.77, good luck ya'll!
Major Price action today, drop (with gap down) hitting a low of 211, and closing today at 220. After hours is up slightly to 230 which is pretty interesting. The thought is with the higher volume day at 22.7 million is that Gamestop sold all or most of the 5 million shares they announced they could sell yesterday. The last time GameStop completed selling 3.5...
Alright guys, confirmed amount of "normalized" voting shares released via the 8k is 55 million. Is this the number of shares that actually voted or is outstanding? NO. Gamestop cannot report a number higher then the issued share count. Based on the number of mostly foreign brokers that blocked voting and brokers that allowed voting and advised only a fraction...
Tomorrow is the the shareholder meeting Further tomorrow is 10 trading days from the initial spike from 180 to 210+ from May 25th The previous spikes were> January 13th we had the spike to 25 dollars~, then 10 trading days later we had the spike from 150 to 483 February 24th we had the spike from 38 to 80 dollars, then 10 trading days later we had the spike from...
Yesterday was the highest close since January 29th with today being a second close in a row over 250. At this point being so close to the 9th, there is a large portion of people waiting for that all important answer to the only question that matters. How many shares voted in the shareholder meeting? We will find out next week and while I have enjoyed this...
GameStop (NASDAQ:GME) The stock gained more than 150% last week on strong volume accumulation and it has been in a bullish consolidation over the last two trading days after a big move on Wednesday that took it from the mid-40s to mid-180s. A successful break of this bull flag pattern on H4 could set the stage for stock to test the price region around 200....