GameStop's stock ( NYSE:GME ) price dropped about 20% after a meme stock surge by investor Keith Gill. The company announced plans to sell new shares and lower its sales forecasts, causing the stock to fall back to Earth. GameStop ( NYSE:GME ) now expects first-quarter sales to range between $872 million to $892 million, significantly lower than the $1.24 billion...
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...
After enduring a tumultuous three-year period following its all-time high, Gamestop has begun to exhibit promising bullish signs.
The company's recent performance indicates a potential reversal in fortune, and investors are starting to take notice. With renewed optimism surrounding Gamestop, it will be fascinating to observe its progress in the coming months and...
I 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...
GME is printing a quadruple inside candle on the daily chart. Also holding right above the 200 EMA on declining volume. Due for a move one way or the other. 22% short float, so my guess is up, but we'll see!
HERE is the always the most popular chart I end up sharing.
GME.
It seems a break out is about to occur and the buy target is basically now or very soon.
Downside is minimal, price is at trend support.
Looks like a lot of upside potential.
I like $20. And then there is always potential it really cooks to 64.
but don't count on that.
Focus on the trends, and...
First shot on this Bull has arrived
Here is a prediction for you all given the fact that the movie #Dumb #Money is out.
This has 3 targets and yes it has officially just started. I would expect a drop to 10 with confirmed lower structure for the hold and switch. All relevant structure is applied and you will see what it does at each of the points so feel free...
GME is getting a double bottom on the higher timeframes,
Similarly to the previous bull run that lead to a 4,500%+ run.
I have the measure move slightly below the last ATH.
with a Gold Pocket around $78-$81
Things to consider
With the recent pump of 78% since it's recent local bottom,
it may or may not be a good idea to enter,
It's at a really strong...
GME experienced a significant advance following ‘ Roaring Kitty’s ’ appearance on social media, which caused quite a stir and a sharp increase in the stock price for both GME and AMC .
After a spectacular rise, including a gap-up opening, the price began to fall, trapping many traders, as often happens in these types of technical explosions while seeking to...
I thought GME had a good chance to rally after holding that trendline yesterday, but instead it gapped down below it and failed on a retest. Then we have a bear flag that has been broken to the downside. Rough day for the memes but I wouldn't be surprised if they squeeze at any time.
Hey everyone, technical analysis is mostly subjective and helps give us an indication, however I want to remind people to enjoy this price action and not get too involved in trying to make sense of it.
Have fun!
GameStop shares recently surged by 118% in two days, coinciding with the return of Keith Gill, known as "Roaring Kitty," who ignited interest with a cryptic social media post.
This event underscores the ongoing challenge that meme stocks like GameStop pose to traditional financial analysis.
Historically, GameStop experienced a massive spike in January 2021, with...
Practically they have performed a reversal known equivalent as a rug pull generated by investors rally , this has lowered price while they take advantage of liquidity generated, for now S&D zone is being establish under Premium Price considering the ~200% 2021 target. Based on this the HH might be lowered to at leas a 30% , thus 60+ dlls which is considered a...
