Short and Sweet,
GME
technicals don't really work all that well cause everyone forgets
GME
is not in here with investors; Investors are in here with
GME
, and it runs the show. With that said, its hard not to notice patterns, alongside potential predatory short hedge fund tactics, alongside old shorting algorithms, alongside activist investors also noticing something off and taking massive advantage of it during a time in technology where everyones ideas can be connected. it's an odd stock, because people paid attention to the oddities and pointed it out, giving a large upper hand to executives behind Gamestop having a massive following of truly invested shareholders who have a safe haven to expand their knowledge on markets.
So, Gamestop has become profitable recently, there is no stopping that train which is steamrolling through market share where Amazon and other competing Tech type companies could not. Gamestop has a massive following by which Gamestop made it safe for new retail investors, to invest and gain knowledge on the inner workings of the real (fake) stock market (this alone proves stocks are often at the hand of predatory short sellers who cellar box companies into the ground for competition like Amazon to take over their market share). Gamestop already has a nft store, and they have noticed a majority of their profit coming from collectibles, old games, and new trends with massive cash backing i.e. web3. Gamestop is providing a one stop shop / web3 integrated gaming launcher and atmosphere, where any games played on web3 can be played through their launcher, prioritizing network and data traffic, while getting rid of 34231 other launchers in the process, seamlessly onboarding web2 to web3. Gamestop has both online and brick and mortar presence with a tonne of cash set aside for purchasing, which they mention in their last filing that purchasing was on their agenda.
The stock itself is approaching an extremely familiar deep value territory similar to 2020 (as shown by the purple squares). If you have paid attention to all the short players during that time frame, a majority of them, and many other investors went long in their large positions on Gamestop. Still means shorts have to close, but they've now likely hedged their shitty old bet, attempting to reduce their casualties for their actions.
Looks like your sweet little baby
GME
is finally going to get the needed attention it deserves from its loving fanbase instead of its neglectful caretakers beforehand. Lastly, If you were to scrape away all the bullshit over the last few years, learned to DRS your shares, constantly grew your knowledge on the market, you would understand that
GME
is more than a squeeze, its more than a play, its bringing power back to the players. (If you're curious, I set two trend lines all the way back from the start of the stock, one sits roughly at $15.60 where there were 3 tests breaking on the 3rd (DFV "Squeeze"), and one sits starting at $7.41 with the trend line matching the end of the wedge provided over the last 3ish years. the 15.60 line has been tested again 3 times since the initial pump, and bounced each time, with the last leading to consitent rise in price).
NFA, some fun lines, patterns, and opportunities looking like they're being taken advantage of by Gamestops team.