It would appear AMC has been leading GME in movement. Their breakouts so far have been identical, this latest drop lines up perfectly with AMCs. Expect things by the end of the month.
Hey guys it’s Amir, I believe GME going to explode like at almost 30%. There is a clear gap that need to get fill. Price got rejected at 0.618 FIB level, Stochastic just bullish crossed, the reversal MACD shows that we are losing bearish momentum and I believe it’s will cross pretty soon actually. So yeah I definitely believe that the next stop it’s to fill the...
GameStop - GME - $600 Target! - Still Trending Bullish! Don't be fooled! 2X - 3X opportunity?
Finally came back down to my buy target, $235 and $218. Fully expect this to consolidate for the next week moving sideways before moving up again.
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.
Earnings tomorrow, look like this run is starting to loose some steam. I expect some drop on earnings day or after. Looking at $235 to add more.
If I had to make a guess, this is what I see happening. After that, chart a course for warp speed.
Reddit pumped #houseofcards. CEO immediately signs up for Twitter to pump the NEW "investor gang". LMAO. #theTell #EpicEconomics
Idea for Gamestop: - GME broke out of a Trend Bull Flag and is in a a Trend Cup & Handle. - Not to be outdone by AMC, GME should see a very similar performance. - MM spread will soon be broken and they will soon be deep underwater. - Time frame of Wave 3 is this summer and Wave 5 should be EOY. - Long term log trend: TP1: 600 TP2: 1000 TP3: 2000 PT: 5600 GLHF - DPT
Gamestop will release its Q1 results after market close today. A few observations: - The stocks Bollinger's increased markedly into June as activity and volatility increased. - The 5 Day ATR (blue indicator) shows the impact of this increase, jumping from 14.06 on 24 May to the current reading of 38.97. - Yesterday's candle shows that bulls took price up to 344.66...
AMC has made an impressive run up. We've now completed a blow off top creating an evening star formation with a gap up and gap down. Not shown on the 1 hour chart is 5 waves down completed for Wave A and targets around $16 for Wave C, which also around the $20 breakout level before the blow off top. My target is $16-$20.
Over the last few months GME has been forming a large cup, basically completing that cup today. If we look at the pattern from October '20 made before the first spike and current0 the formation playing out, we can find a lot of similarities. Since the squeeze seems to still be a play - just for fun - let's take a look at how this would roll if the same pattern...
350 looks like the trigger to more upside and possibly greater volatility what a great casino wall street has created for us time to squeeze the big fish not financial advice
SEE CHART - BELOW STEP 2 (175) WILL INVALIDATE THE PATTERN
GameStop - GME - Still going to $600? The GrandDaddy of the WallStreetBets Movement? AMC will be chasing GME? LOL
This is an update from my previous post flagging the potential for breakout: You Won't Believe What the World's Most Beautiful Girl Looks Like Today ...WHAT A MOVE. Looks like it's ready for more as we are not really even in overbought territory yet. Do we enter my upper trendline and push for $500? I think so...
Since Dec '20, $GME has bounced off a logarithmic floor. This chart forecasts that trend for the next 6 months.
we dont advice trade on AMC or other meme stock like gamestop (atleast use very low size with SL,each seconf they can crash to 10$) but technical say it must go down,fill gap , then fly up to touch 100$ for next days we advice = looking for sell on dax futures FDAX1! , buylimit on bitcoin 18000 , if you have more than 50.000$ (buy bitcoin 18000...