Breaking out of descending channel after breaking out of falling wedge.
GameStop's Falling Wedge Formation: A Swing Trade Analysis Introduction: In the ever-volatile realm of the stock market, GameStop (Ticker: GME) has caught the eye of traders once again with its intriguing chart pattern formation. A closer look reveals a falling wedge setup, a classic bullish pattern that suggests a potential reversal from the...
Looking at the 4Hr GME chart, we can see the GME has broken out of the wedge and has formed a Cup & Handle as well and an Inverse Head & Shoulders. Also, the 15 min is showing a Bull Flag breakout. Bulls are out in full force. Quad witching is in 3 weeks also...
It's a bit early to celebrate, but i see decent signs of another GME run happening soon, at least within February. I i said, it's a bit early and the data needs several more days of prints to verify, if that's the case, i'd be setting this post to "Trade Cancelled" and i'd make a new one in it's place when its time. Now that warnings have been given, it looks...
3 Year Trend Line Wedge Break - We see $20? Huge Wedge
Hi everyone, Looks like leenixus wrote yet another hype post. These are 3 targets and the third being the top max. Earnings will be a different story, but until then GME will likely bounce between 13-16. Good luck everyone.
Will the future revolution be tokenized? Is this a dying retail company headed for certain doom? Seems Ryan Cohen has managed to turn around this company and the launch of GameStop NFT Marketplace trademarked under: "GMerica" The company is also now debt free and C is finding ways to take care of employees as well as bring value to GME How does the market feel...
Despite its pending return to the $50-$75 range, Gamestop likely has a timultuous road ahead as it tries to sustain relevancy in a time where games can be purchased and downloaded without ever leaving the comfort of one's home. There is also an increase of demand for crypto related gaming, where real world value is given to in game characters, and items. This is...
The daily rsi bounced off rsi ma and also the weekly rsi ma. As long as rsi stays above ma on weekly we are headed back to 18 imo. Price needs to get above the blue ma of bollinger band. But it also looks like a bear flag forming on the 4hr. Right now I'm long looking for $18.
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...
This is a little bit of an update and reminder that GME is still holding above the 0.886 retrace and the 200-month Simple Moving Average with Hidden Bullish Divergence within a Falling Wedge. We've held this level for months and it still appears that it can Bullishly Breakout of the wedge at any time, which should lead to some extreme upside between $60, all the...
we can see bullish signal around this trendline, I will long here(13.9$), with target on the top of the channel(18$)
After three years of bearish movement the ticker of GME has technicaly built a solid falling wedge at a price that the fundamentals can be concidering as solid to the price of the ticker. the target price of this falling wedge is at arround 80$,we can say that this is a mini squezzzeee. Can an event to make the price to move in that price levels? I dont know what...
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 ($14.75), possibly even dropping to the bottom of the wedge to the...
Could be finally bottoming might have a solid chance and decent risk to reward to load the boat here 14.22ish area with a target of 26$ This could take until end of April mid May to play out completely but could be worth the 1$ per share risk. I’d stoploss it close to 13.20/13.40 area.
The grandpa of stonks is getting interesting here. It's broken above the trendline, and it has retested it once. I am going to pull the trigger on averaging down my "underwater" position when we test the trendline again and stay above it for more than 2 days .
If you've been following GME with me, you bought at 12.5 and below last month. Sell target 1 was 16.9, we came close but lost a tiny bit on the first topside pump. We bought the dip around 14.02 and below, and we were looking for 18, 21, and 25 with small retracements in between. I'm not sure, but per indicators, it seems we might see the higher targets of 21...
GameStop ( NYSE:GME ), the once-famed video game retailer that captured the financial world's attention during the WallStreet Bets saga, has decided to shut down its NFT marketplace. After a year and a half of foraying into the crypto space, GameStop ( NYSE:GME ) cites persistent regulatory uncertainties as the primary reason for discontinuing its NFT platform...