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...
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.
I see GME on the 15-minute chart as being setup for an opportunistic speculative dip buy. Details and targets are on the chart. The plan is to get about 5% out of an anticipated rebound off the near-term pivot low. My analysis is the GME will revert to the mean being the high volume area of the volume profile which is 4% upside with the POC line before that...
GME trended up from the 1st of May into a V shaped retracement and boune from June 7th to 14th finally crossing over the 2nd STD of the full range anchored VWAP before a standard 50% Fib. retracement bottoming 2 days ago as seen by the Fib. retracment tool. Price has now reversed to an uptrend and is crossing both the full range mean anchored VWAP and the...
When Bollinger Bands® (Yellow lines) are far apart, volatility is high. When they are close together, it is low. A Squeeze is triggered when volatility reaches a six-month low and is identified when Bollinger Bands® reach a six-month minimum distance apart. (www.investopedia.com) Morningstar data is currently estimating NYSE:GME fair value at $48.42 Zacks'...
we are consolidating between a major support and resistant , if we break from below we going to visit the support above the 18.85$ 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...
Looking at the GME GameStop options chain ahead of earnings , i would buy the $30 strike price Calls with 2023-1-20 expiration date for about $3.00 premium. If the options turn out to be profitable Before the earnings release, i would sell at least 50%. Looking forward to read your opinion about it.
www.reddit.com In-depth analysis, can explain better than I can.^^^^^^ But essentially a similar situation to GME was. A highly shorted stock that is debt free, making profit, and other good fundamentals. Currently BGFV is the most shorted stock in the market. The special interest date will be a big event. Whether it squeezes or not, this stock is a great buy....
I am not an experienced trader nor an expert. So .... if someone can change my mind with a solid argument i am happy to change my mind. The price is wrong. If prices in a market are determined by supply and demand, and there are less and less shares of Gamestop available in the market (because of Direct registration and normal buys) Then how does a share price...
we getting near to important breakout around the 40$, if we did and hold we going to test first the 49$, then around the 60$. NYSE:GME
Repeating pattern on GME. Is it coincidence or is GME about to lift off?
GameStop - Short Term - We look to Buy at 121.05 (stop at 106.04) The trend of higher lows is located at 121.00. This is positive for sentiment and the uptrend has potential to return. Prices expected to stall near trend line support. We look to buy dips. Further upside is expected. Our profit targets will be 166.95 and 180.00 Resistance: 167.00 /...
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,...
Parabolic analysis of GameStop, a fascinating chart in term of trend behaviors and algorithmic short-selling.
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.