Not financial advice. The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
GAMESTOP is showing little to no buying pressure at this area of support AND has failed to create a higher high on the Daily chart. Look for short opportunities below $19. I personally would be looking for an short entry if price where to break support and return to retest it, causing support to act as resistance with an exit well before the area of demand (Green...
GameStop - Intraday - We look to Sell a break of 23.28 (stop at 24.72) Daily signals are bearish. Price continues to trade within the triangle formation. The bias is to break to the downside. Support is located at 19.50 and should stem dips to this area. Our outlook is bearish. Our profit targets will be 19.66 and 18.66 Resistance: 27.00 / 28.00 /...
I believe that GME is in it's third corrective wave after completing wave B this morning. I have been following this cycle for a while now and I think that this is the most probable scenario. GME was teasing the major trendline the last few days and has formed, what Thomas Bulkowski would call, a "three peaks and a spike". According to Bulkowski, the downtrend PT...
it seems like this support is holding pretty well: I am tempted to think that GME formed a double bottom chart pattern and is ready for reversal. We also have the second scenario with a sell to $70 before going higher. GME is already a crypto play, as you know, they will launch a Digital Wallet and an NFT marketplace. Looking forward to read your opinion about it.
I am overall bearish and looking for GME to break those equal lows.
GameStop Short Term - We look to Sell at 91.90 (stop at 108.16) The primary trend remains bearish. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. Further downside is expected. Preferred trade is to sell into rallies. Our profit targets will be 57.10 and 40.00 Resistance: 92.00 /...
Net sales $2.254 billion VS $2.122 billion in Q4 of 2020 VS $2.194 billion same Q 2019. Net loss of $147.5 million, or $1.94 per share VS a profit of $80.5 million, or $1.19 per share las year. My buy area is $48 - $69. I expect a bounce from that strong support.
GameStop - Short Term - We look to Sell a break of 118.66 (stop at 132.19) Rallies continue to attract sellers. Daily signals are bearish. Trading volume is increasing. The bias is still for lower levels and we look for any gains to be limited. We look to set shorts in the early trade. Our profit targets will be 62.74 and 42.00 Resistance: 160.00 / 200.00...
GME Gamestop had 4.8K Puts and 1.6K Calls for the past 7 days, most of them being short term and leading to a price close to the $110 support. Considering the chart and the options for GME i would say it has the chance to touch that support line before being bullish once again. Looking forward to read your opinion about it.
First, you must fall, then you can rise. This old saying also holds true for the GME stock. We expect the price to drop to around $54.58 and then go on to reach new highs above $500. So, there is a lot of potential still with this stock. However, the current correction needs to fully unfold, before the potential can be realised. Any new year's resolution already?
On the volume indicator, I can see distribution on the shares the bulls have collected their profits, letting the bears enter the rally, In January 2020 the GME stock has got a huge pump coming from social media like Reddit and Twitter, which prompted the platforms to limit the number of shares purchased as a maximum, and prevented some platforms from trading the...
Gamestop near double support. We have a triangle at the top. According to classical technical analysis, such a triangle can be both a trend continuation model and a reversal model ... Moreover, this triangle must be broken up or down no later than 3/4 of its beginning to its top, in other words, no later than November 1, 2021 ... Otherwise, the model is considered...
GME Gamestop lost some traction on WSB recently, which made me think about a possible retracement to a support level that i might considering reentering this stock. And that support is around the 130usd area! I am looking forward to read your opinion on where GME Gamestop is heading now!
GME reached the 200 MA on the 8h + extended hours, it hit the S3 weekly, the diagonal support, a VP HVN and it managed to get into an area that was previously resistance (currently turned into support). So to me this either is the bottom, or GME is in trouble. This is a massive combo and the structure of GME in the long term is still bullish. In my opinion the...
Major Price action today, drop (with gap down) hitting a low of 211, and closing today at 220. After hours is up slightly to 230 which is pretty interesting. The thought is with the higher volume day at 22.7 million is that Gamestop sold all or most of the 5 million shares they announced they could sell yesterday. The last time GameStop completed selling 3.5...
Short term bearish. next target $300 for mid term. $160-170 is great support level
Tomorrow is the the shareholder meeting Further tomorrow is 10 trading days from the initial spike from 180 to 210+ from May 25th The previous spikes were> January 13th we had the spike to 25 dollars~, then 10 trading days later we had the spike from 150 to 483 February 24th we had the spike from 38 to 80 dollars, then 10 trading days later we had the spike from...