I have posted previously my bearish sentiment on gamestop after it completed its five wave impulse move. In my opinion, the correction is over and we saw a regular flat pattern. First impulse move was on thursday and we saw wave two today. So excited for next week!
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.
yes I know... "yOu hVe tYpeD tHis cHaRt uP a MIllIOn tImeS" I understand that you don't like or appreciate my bias shill-holes, But yet I agree that you are entitled to your opinion. - I am continuing to hold and buy more every damn chance i get. - I understand that you think its a waste of time, but yet your are so keen on commenting on this instead of going on...
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.
Two long trades Plan Its one positon. Where 80% will be closed at the first target and 20% on the second target. Scenario (Green arrows) Target Next resistance level (level 1). Requirments - Close above level 2 - Close above 50% Fib level - Break of the generated swing (generated swing 1) after break of level 2 Invalidation / SL - Fall under...
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.
Here is the GME chart. Vertical lines denote starts of periods. I have some fun triangles too just for giggles. You'll see here a clear pattern. 7 weeks to short, 4 week runup, 1 week to I don't know what, restart the short cycle I guess. Given that the total is 12 weeks (approx quarterly) I think that fits pretty well with the quarterly options expiration. I...
amc looking about ready to move, lets see if she actually keeps going instead of the usual bs that occurs.
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.
Set alerts for these 2 trend lines . Breaking these resistance trend lines usually results in strong momentum moves.
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 - Short Term - We look to Buy a break of 162.00 (stop at 134.00) A move through bespoke resistance at 160.00 and we look for extended gains. Posted a Triple Bottom formation. 140.00 continues to hold back the bears. Previous resistance located at 250.00. The bias is still for higher levels and we look for any dips to be limited. Our profit targets will be...
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.