Hi everyone,
In my previous analyses, I anticipated a potential price drop that could form a double bottom pattern if GameStop earnings weren't great. Recently, GameStop's stock failed to surpass a crucial weekly indicator, leading to a sharp decline. Moving forward, if the stock rebounds, I'll be monitoring its response to the first resistance level; breaching...
Hi Everyone,
In my previous posts, I explained that NYSE:GME needs to remain above crucial levels to ascend, predicting a bounce between $13-$16 before earnings. Here we are, and according to my indicators, $15.44 needs to be surpassed and maintained tomorrow for a climb to $21 . Currently, during Robinhood's extended scam hours, it's at $15.68, peaking at...
Very interesting take on GME. You need a sustainable higher highs for an uptrend, or most of these are perfect bull traps. Way to measure is also due to public sentiment, euphoria. Potentially easy money phase.
Reasons for bullish bias:
- Basic DOW theory
- Entry at HH breakout
- Bullish divergence
- Earnings post market today
Entry Level(Buy Stop): 16.16
Stop Loss Level: 12.81
Take Profit Level 1: 19.51
Take Profit Level 2: 22.86
Take Profit Level 3: Open
It has tested and failed this strong resistance 4 times over the last 9 months. If it can break through it with this week's earnings release, then I expect it to become a strong support.
Amidst a turbulent period marked by declining stock prices and revenue woes, GameStop Corporation ( NYSE:GME ) finds itself at a crossroads in the gaming industry. Despite facing significant setbacks, including a staggering decline in stock price and revenue, the company maintains a robust balance sheet and strategic initiatives that hint at a potential...
It's the week before earnings release and looking at the previous earnings release, it seems a dangerous time to buy puts or sell covered calls.
Not advice, only my opinion. You must do your own DD and what is best for you and nobody else.
Strong down from the last posting saying we were into important supports.
Targets on one of the first postings of GME short here hit in the last swing down, but these levels did not hold as support - which may spell out much more downside.
Hello everyone,
Hope everyone is excited as I am for this next move up. If NYSE:GME is able to break above $15.81 and hold it there with a 4hr or daily close, then price should move up towards $21. Conversely, if NYSE:GME fails to break above and hold above those levels, then NYSE:GME will fall down to the $12.40 area with a hopeful bounce at $13.50....
Hello everyone,
Welcome back to another NYSE:GME analysis. Last time, I mentioned that NYSE:GME will bounce between $13-16 before earnings. If there is a daily close above $14.27, price will head to the first PT at $15.76. Above this, NYSE:GME should test $21.72.
As always, not financial or sexual advice 🚀
Good luck!
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...
Ok, this one is for the ones willing to take risks, but the chart is worth a look given the meme/shitcoin frenzy that is going on right now. I wouldn't be surprised to see the price potentially double by the end of this week. The chart suggests we might see some significant activity soon.
Still tracking this absolutely massive Bull Falling Wedge/Flag on the weekly chart. A breakout could bring the biggest move we have ever seen to GME. When we use a Fibonacci Extension on the last gap up in 2021, we can see the 1st Golden Pocket sitting up at $85, which would be $340 pre split. And the second, third, and fourth pockets sitting up at $203, $320,...
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...
