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...
fractals and resistance can tell us quite the story.. lets see where she goes.. personally im in calls.. we have alot of things in our favor.. this is all hypothetical and not financial advice, goodluck
In this video I go trough some very very generalised/simplified overview of GameStop financials and the stock chart.
I'm taking note of things that look good and things that don't from my personal perspective (hey! everyone has their own opinion).
As you have both going on but overall at this present moment while information doesn't change significantly I...
How is that for a title? Traders are going to win this play and all the people who are going to hold for the long term are going to get slapped worse than a host at the golden globes. What an opportunity to get out! If I was in GME around this range, I would be selling to recover whatever I could and move on to something else. This is basically a miracle on low...
Don't be a fool. I would be running for cover if I haven't already ( I shorted this thing). Their earnings just got spanked and the stock is going to open way lower tomorrow morning. Don't listen to people telling you to buy as they are likely unloading on you and you will be the one holding the bag. This thing is going back to the $10-$20 range before possibly...
Price targets are $160, $180, $200, $220 and $240. Look for volume and hidden bullish divergence continuation.
With volume -> Hold. Without volume -> Covered calls.
Just a follow up to November's outlook. It is interesting to see the price playing out as anticipated. I could say "predicted", but don't want to sound like a D_ck! 😁 So let's see if price gives some clues as mentioned going forward. Dam! If I am right for a third time in a row I may just have to write a price action book or something 😅 Be well and happy and safe...
Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
If you enjoyed this analysis, I would definitely...
I'd like very much to be wrong about this as a close family member is practically betting the farm on this thing going on for an epic rally. I'd very much like it to because there is a promise of a trust fund in my name if it does - LOL!
Going through all the major indices, going through whether stocks are overvalued and where they might be heading next and closing with two major meme stocks like AMC and GME
Inflation hits 5%, much higher than anticipated, even for the analysts out there. There are good reasons to think that this could be good for "alternative assets" like crypto, and "meme" stocks like GME/AMC.
