GME About To WaterfallGME SAVE THE TAPE! Back in June 2021, I warned people to GTFO out $GME when it was trading at $212 Today it trading at $20 and about to waterfall again. Despite my several follow-up warnings over the last year and a half people continue to fight me on this. SMH! Shortby RealMacroUpdated 521521216
Gamestop- Idiosynchratic Systemic RiskThe rise and fall of GameStop's stock in 2021 became a landmark event in financial history, captured in the recent film "Dumb Money." This saga, fueled by unprecedented social media buzz and retail investor sentiment, culminated in a historic short squeeze and raised critical questions about market access and regulatory oversight. The Spark: A Sentiment-Driven Squeeze GameStop, facing declining brick-and-mortar sales, became a target for short sellers who saw its business model as outdated. However, a surge of online optimism, primarily on platforms like Reddit and Twitter, ignited a buying frenzy among retail investors. This sentiment-driven buying pressure triggered a dramatic short squeeze, propelling the stock price to dizzying heights in January 2021. The Fallout: Buy Buttons and Direct Registration While the price eventually corrected, the social media fervor persisted. Concerns about trading restrictions implemented by certain brokers during the squeeze further fueled the fire. This led retail investors to embrace Direct Registration of Shares (DRS), a process that removes shares from the clutches of brokers and places them directly with the company. The goal: to limit the availability of shares for shorting and potentially trigger another squeeze. DRS: A Unique Market Phenomenon With over 74 million shares DRS'd as of the last earnings report, GameStop represents a unique case in market history. No other non-penny stock has witnessed such a large-scale withdrawal of shares from the open market by retail investors. This unprecedented scenario has created a volatile market dynamic with the potential for significant price movements. Technical Analysis: Signs of a Potential Breakout GameStop's price chart exhibits classic characteristics of a stock primed for a short squeeze breakout. Price consolidation since the 2021 squeeze, falling volume and volatility, and rising short interest are all potential indicators of pent-up pressure. The Socioeconomic and Elliott Wave Perspective Analyzing market movements through a socioeconomic and Elliott Wave lens, we recognize the crucial role of collective sentiment and mood in driving stock prices. GameStop's price trajectory aligns with a clear 5-wave Elliott Wave pattern, suggesting a potential return to all-time highs and beyond. Potential for Government Intervention The exponential counterparty risks associated with a potential GameStop squeeze raise concerns about systemic market instability. Government intervention, in some form, cannot be ruled out to mitigate the potential fallout of unrecoverable margin calls on significant market players. The Sequel Awaits: A Story Unfolding As time unfolds, the GameStop saga continues to evolve, captivating both financial experts and retail investors alike. Whether a sequel to the "Dumb Money" film materializes remains to be seen, but one thing is certain: the story of GameStop is far from over, with its potential consequences for the market attracting keen attention worldwideLongby Heartbeat_TradingUpdated 159159561
NVIDIA is going to top out, consolidate before taking offThere's only one more meme rally left before CBDC's. I expect Nvidia to meet guidance for earnings, will spike up and then crater. There's some cheap puts for .20 for 500 strike price for July. Will probably be 450 after it's all said and done when it bottoms out. Which is a 2,250x return if the stock did crater! Couldn't rule out a flash crash. I think if we wait till next week to buy the puts it'll be cheaper, maybe .15 which is a 3,000x. They will definitely soar when the FED ends up cutting rates after the BOJ sells treasuries and BRICS unveil their currency. If Trump wins our country will convert back to a gold standard. If Biden wins they will try to usher in a CBDC. Better own some food, land, ammo and precious metals comrade if you do decide to vote against "Mean Tweets"... Shortby EmptyEternityUpdated 434391
I love bears betting against $BTC post halving in 2024 LOLIll take my chances on this one, how about you ANON!?Longby Nevrose2Updated 21219
Nvidia Takeoff!! $1039 with earnings around the cornerNvidia earnings around the corner are we going to make another ATH in Spy! Will Nvidia get us there, I think so GPU 50 series release Rumors more Cloud Technology added in GPU's!! What else could you ask for in an AI boom!! $1039 price target for NvidiaLongby JoeWtradesUpdated 404066
No brainer play hereIt’s been oversold and neglected for to long. Gap down and then fill today shows a clear bottom forming short term based on technicals!!!! $18-$19!!!Longby LeapTrades18184
Gamestop Is Still BullishReasons why we are bullish for Gamestop: the opening candle of May 14 looks very, very sick. The market won't let a candle like that stand. Never. the VolumeProfile shows very strong buying interest the CumulativeVolumeDelta is stable and shows no bearish divergences Longby OchlokratUpdated 669
A further 1700% move to $600 for Gamestop in 2024?Bet that title got your attention. Well it might not be as crazy as it seems. An exercise performed by yours truly is to scan through monthly charts on the beginning of each new month. Takes more time than you imagine. Gamestop is certainly worthy of attention on the monthly time frame. On the above monthly chart: 1) It is without question, past resistance confirms support with the close of May on the horizontal support / resistance. Blue arrows. 2) The print for May is a bullish engulfing candle. A candle besting those that printed in May of 2020. 4 years later… Look left. 3) The “Breakout” in stochastic RSI is significant on this time frame. Momentum is surging. 4) The Bull flag pattern breakout is impressive but not yet confirmed. Ideally a backtest would print around the $15 dollar area. 5) Should a back test confirm support then price action is forecast to make a run to just over $600. Is it possible price action delights short sellers with urgently needed corrections? Sure. Is it probable? No. Wwby without_worriesUpdated 232332
NVDA - Never regret taking profits !1) Everyone and their granny has heard of Nvdia by now. Lots of new retail traders are pulling into this name as the craze continues. My none-trader/investor friends have started asking if it's a good idea to "invest" now. That's a big red flag ! (My answer is no!) Remember, retail investors always come in last and hold the bags when the stock sells off. 2) Fundamentals have started to degrade across the board in the US markets and lots of names started to go lower. Small caps are incapable of making a new high and have made what seems to be a corrective move up since April. It's then a matter of time before the king follows. 3) Looking at the Elliott Wave count, we can clearly see that we're in a fifth wave, which for those that do not know, is the final move up before we see a considerable correction. RSI, MACD (or your fav oscillator) shows divergence which happens between wave 3 and 5. 4) On the smaller time frame, we can hope for a continuation higher, but, the upside is limited to probably less than +20% seen that we've finished (are finishing) the extended third of a third wave, which is the sharpest and longest. So, It's not a bad idea to start taking profits. I'll close 75% of my longs now. The rest on a drop below 1070$ or a move close to 1300$ Editors' picksby ElliottWaveBelgiumUpdated 1212108
JP Morgan: Possible Correction Between 205.5 - 216JP Morgan: Possible Correction Between 205.5 - 216 The price already completed a Bearish BAT Pattern. JP Morgan is still strong but the current potential reversal zone of the Harmonic Pattern is showing that we can be near to a bearish correction. However, the price is required to develop more before it moves down at this moment considering the bullish trend. Immediate support will be found near the target areas 180; 165 and 140 You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️Shortby KlejdiCuni224
Gamestop #GME Weekly Trade Analysis One can look for target of 115$ level from today cmp which is 46$ and if all things are good with the company then final target will be 1000 $ for long term 6-8 yearsLongby abhee9717445
This demand level may be the last stop for GMEI recently seen an article about Game Stop being at its lowest level of the year so i decided to glance at the technicals. From a Technical standpoint it looks pretty good. Here are a few reasons why i think this: 1) Price is approaching a nicely unmitigated demand zone. 2) The demand zone created a great deal of imbalance 3) There is liquidity above the demand zone. 4) There is divergence playing out. When price approaches the demand i may look for some calls depending on how momentum shifts on the lower time frams. Longby lcomerennahUpdated 101033
I like the stock to $42Good afternoon traders, I like the stock and the price action with confluence of other variables. I am long. Weekly line chart Price action basics I learned. New low/same range as sent it up holds try again Monthly Line chart. NYSE:GME to $42 blaze itLongby vregrdedtrdrUpdated 338
$BA Megaphone pt.2Part one was an absolute Masterpiece and this reaction so far is proving the wizards thesis of load up right. Boeing took out any major whistle blowers ;p , the rest have nothing serious based off the fact they're still alive (jokes). But the "high" hand has been drawn for any followers of Proffesseas. Technicals showing bounce (mini cup n handle?) I think getting this at 2017 price is quite a bargain LONG TERM. 183.92 now. (Mid point of megaphone might make good strike price for LEAP calls) Longby Prophecies_R_UsUpdated 115
PYPL, one last call to seed on the bargain price now!PYPL net buying has been continuously active this past few days. Position takers are back after the stock touch a major order block support at 60 levels -- and touching 1.0 FIB levels. Initial target is at 75.0. The current price is already at a very discounted levels factoring in last quarter's (June 2023) rosy earnings report with revenues up by 7% at $7B, and a whopping 400% surge on its net income at $1B. Recent News: New Hopes for the company has surfaced as news of PayPal's new CEO could get investors excited as his background fits nicely into PayPal's best business segment. Seeding on this one is a no-brainer. PYPL, will definitely be your PAY pal. Spotted at 61.0 TAYOR. Safeguard fund always.Longby JSALUpdated 5520
AAPL - Market Correction Coming?AAPL has sprung to life over the last quarter in anticipation of its WWDC and an announcement of its AI push. The chart suggests that the stock may be fully priced at these levels with what appears to be an ominous head and shoulders pattern. AI hype has reached extreme levels with the SMH up 5% yesterday and NVDA up over 15% since Friday. Not in the business of picking tops but with the frenzy going on in the market for AI anything and $15 trillion in market cap concentrated in 7 stocks, over $5 trillion of which has occurred in less than a year, we are poised for some sort of correction. A pop and drop is not out of the question between the NVDA stock split and WWDC. We shall see. GLT. Shortby BobbySpa115
TSLA BUY IDEA.TESLA weekly timeframe analysis. TSLA is at strong monthly/weekly support area and my calculation is that TSLA is going to touch 250-270$ area from current price with in next couple of months.Longby HamzaGillani334
Taiwan Semiconductor - Unknown stock with trading potentialNYSE:TSM is one of the rather unknown stocks with an impressive market capitalization of 680 billion dollars. Just a couple of months ago TSM finally broke above a major previous resistance level and confirmed the bullish triangle breakout. Momentum is quite strong so far so maybe we will never see the previous structure again. In this case there is no need to actually chase the all time high. However, a pullback might still be quite likely and this might present an interesting long opportunity in the future. Levels to watch: $130, $100 Keep your long term vision, Philip - BasicTradingLong02:46by basictradingtv113
Short NVDAI've taken profits on my final NVDA long piece today and opted to go short with a tight stop as I think the turn could be near at hand (post split). Long from 800 exited final piece at 1240. New posn Short 1240 Stop 1280 Target 1000 Return/Risk 3:1by WVS_Stockscreen115
TSLA long IdeaTSLA long idea: My Indicator is flashing buy on TSLA. Momentum is building so TSLA should go up for here. Entry, SL and TP Levels are marked on chart.Longby sdevang112
GME CRAZE ! YOU IN OR OUT ???Traders! People! Home Gamers! What ever you want to call yourself, let's have a little excitement with trading and talk a little about YES, GME. You can't be a trader of any kind and ignore this craze. Meaning, you can't help but have some kind of interest in watching all this unfold. Whether you believe any of it or feel it's all a put up hoax in the world of Wall St, let's just enjoy the entertainment for what it is. Let's pull up some charts and look this thing straight in the eye and decide if you are willing to take on a possible money opp or not. We broke out of a resistance area on the 15min chart. There is a big supply area starting from 41.67 to 56.75. With that said, is it not a long trade here? Sure looks like it. Ok, where should a trader get nervous after being long? I would start to really watch my 15min chart for any kind of selling pressure starting around 41.67 area. Big zone stretch up to 56.75. If price were to break out past that then that's a story for another day. Let's first get to these areas and we can have another talk at that point, in the meantime please trade with caution if you choose to venture into this stonk and remember June 24 is earnings report. Best of luck in all your trades and remember to trail a stop with the sar or 10ma or both. Cheers to: "I just like the stock". Meow.Longby Trade-FarmerUpdated 442