GME - How to Trade It - Pattern Analysis / Resistance & Support
0. This equity has no value;
1. It is like Bitcoin;
2. It responds to "pure technical analysis" very well, as that is highly correlated to sentiment;
3. In the real world we need to combine this with News, Events, Macro, Micro, and so forth in real time with Artificial Intelligence;
4. No need here.
5. H&S line draw at $200, ONLY buy and sell STOCK, no calls and puts;
6. NO options, and no Shorting;
7. Buy at Support and Sell at Resistance;
8. No stops, and no limit order only, and do them in real time;
9. Do not queue orders;
0. Buy in small lots, 1 / 10 / 100 shares.
1. Support $200 / $175 possibly today;
2. H&Shoulders Resistance at $275;
3. $320 Breakout Resistance;
4. Stock CAPPED at $375 for now.
5. Buy at $150 to $200 and Sell at $275 and take chances above that unless you have eyes on the screen at all times and ready to make moves;
6. Good Luck
- drchelsea
Trade GME AT Your Own Risk, Only with Capital you can Completely Lose.
1. It is like Bitcoin;
2. It responds to "pure technical analysis" very well, as that is highly correlated to sentiment;
3. In the real world we need to combine this with News, Events, Macro, Micro, and so forth in real time with Artificial Intelligence;
4. No need here.
5. H&S line draw at $200, ONLY buy and sell STOCK, no calls and puts;
6. NO options, and no Shorting;
7. Buy at Support and Sell at Resistance;
8. No stops, and no limit order only, and do them in real time;
9. Do not queue orders;
0. Buy in small lots, 1 / 10 / 100 shares.
1. Support $200 / $175 possibly today;
2. H&Shoulders Resistance at $275;
3. $320 Breakout Resistance;
4. Stock CAPPED at $375 for now.
5. Buy at $150 to $200 and Sell at $275 and take chances above that unless you have eyes on the screen at all times and ready to make moves;
6. Good Luck
- drchelsea
Trade GME AT Your Own Risk, Only with Capital you can Completely Lose.
Comment:
Also NO MARKET ORDER EVER.
Comment:
Limit only orders, in real time, as you buy and sell. Cheers.
Trade closed manually:
UPDATE - 5:30AM
GAMESTOP CRASH POSSIBLE.
Stock currently at $172.50 in the Pre-Market
$175 is the Head & Shoulders Breakpoint. This stock would go from the height ($370 Max During Hours - $175) below the $175 Mark. The stock would effectively crash to $0 (ZERO) at this point.
I would not advise hanging around for the GameStop Saga anymore.
Sell.
Have a great day.
- drchslea
GAMESTOP CRASH POSSIBLE.
Stock currently at $172.50 in the Pre-Market
$175 is the Head & Shoulders Breakpoint. This stock would go from the height ($370 Max During Hours - $175) below the $175 Mark. The stock would effectively crash to $0 (ZERO) at this point.
I would not advise hanging around for the GameStop Saga anymore.
Sell.
Have a great day.
- drchslea
Comment:
UPDATE - STOCK AT $150 IN PRE-MARKET. WHERE IS THE BOTTOM TODAY?
Comment:
UPDATE GAMESTOP - MORNING LOW $137.01
Comment:
Update
Tilray CEO, whose stock spiked 1,400% in a 2018 short squeeze, issues a warning to GameStop, AMC bosses:
“At times like this your company is not your stock and your stock is not your company,” Kennedy told CNBC on Wednesday."
The Tilray CEO Brendan Kennedy outlines to CNBC how Gamestop Stock Prices have become fundamentally disconnected from the underlying business. And we know how it ended:
Tilray Stock After the "Short Squeeze" dropped from $300 to $2.50.
The Tilray CEO Brendan Kennedy believes Gamestop will be around $2.50 when it is all over but the crying:
www.cnbc.com/20...amc-bosses.html?recirc=tab...
Tilray CEO, whose stock spiked 1,400% in a 2018 short squeeze, issues a warning to GameStop, AMC bosses:
“At times like this your company is not your stock and your stock is not your company,” Kennedy told CNBC on Wednesday."
The Tilray CEO Brendan Kennedy outlines to CNBC how Gamestop Stock Prices have become fundamentally disconnected from the underlying business. And we know how it ended:
Tilray Stock After the "Short Squeeze" dropped from $300 to $2.50.
The Tilray CEO Brendan Kennedy believes Gamestop will be around $2.50 when it is all over but the crying:
www.cnbc.com/20...amc-bosses.html?recirc=tab...
Trade closed manually:
Link to Current Thread:
Patterns as clearly visible on 5 day.
This is a 30 day, so not precise.