What a lovely market cycle for gamestop . since we have dipped inside the previous structure on a monthly look for the reversal coming up soon. Time to "I like this stock" again. Personal short term target is 40$+
If you haven`t sold GME before the previous earnings: Then analyzing the options chain and the chart patterns of GME GameStop prior to the earnings report this week, I would consider purchasing the 15usd strike price at the money Calls with an expiration date of 2024-1-19, for a premium of approximately $2.63. If these options prove to be profitable prior to the...
Key Takeaway 1. Investors eagerly anticipate GameStop's Fiscal Q3 2024 earnings report scheduled for December 6th, following the recent stock movement. 2. Despite challenges, there's speculation that GameStop could report a profitable quarter, presenting a potential catalyst for its shares and contributing to a noteworthy turnaround. The Reversal Is...
Just wanted to point out that GME has now reached the end of this massive falling wedge on the WEEKLY. A breakout of this wedge could be absolutely massive to the upside. Also, the last time the Ultimate RSI was this low, shortly after we seen a 155%, $19 to $50 spike in just 14 days. With new legislation for reporting short positions and the pressure on the...
Had multiple false positives over the past several months that showed this stock might've done something. This includes the latest false positive showing something happening this week. imgur.com Although it appears to be strong, it's still very likely a false positive. I had some money on this but i've exited my calls and gone for puts instead as i see it...
I just watched the movie about Gamestop called 'Dumb Money', it was great and made me make this chart. Using an inverted H&S we can plot a recovery along a middle trend line at about $8
TLI 1 is based on a recent Swinghigh that served as a strong resistance level aswell as support in the past. In related ideas i linked to my last GME idea - sadly price didnt fullfill the requirements mentioned to take trade. So lets see if i get this time a trade. Requirements: - Price breaks above TLI 1 - Open and close of a candle above S/R Level 1 - Buy...
GME has been getting sold off with the macro for quite some time and it continues to push deeper and deeper into dangerous territory. At this point in time, it has pushed slightly below the 0.382/0.886 Confluence Zone and is now at the 200 SMA, but with that, we can see that the Local Bullish Shark can extend into a 1.618 Extension, so the Breakout watch is far...
No fundamentals, no macro, none of that. My data has been showing for a while that GME would dip even lower than 19 and it did. I didn't expect it to show signals that it wanted to drop even lower... Basically according to muh data, GME wants to drop EVEN lower than this and it will in my opinion. I think we'll see $15 again and even high $14.80's kind of...
Yikes My data shows GME going to new lows. If i had to set a PT, it'd have to be $12 and it'll be happening over a very short period of time too. That's all.
Since early 2021, GME has trapped In so many Traders in the hopes for a wild Rally. TrapZone Pro has marked this SHORT since June of 2021. Fade Every Rally back in the TrapZone has been the Best trade :) Now it seems to have formed a support area, and It will break hard one day to further lows to Single Digits.
Analyzing the options chain and the chart patterns of GME GameStop prior to the earnings report this week, I would consider purchasing the 18usd strike price Puts with an expiration date of 2023-11-17, for a premium of approximately $2.54. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to...
Hey everyone, It's been a while! Once again, this is not financial or sexual advice. Earnings Beat EPS? Yes. Profitable? Not sure. Revenue beat? Not sure. Analysis If GME hits resistance at 18.70's and rejects, expect some downside If GME plows through we should see 22's. First, hitting 19.23. After earnings, a slow walk down to fill...
The GameStop Trade is not over yet, as the Falling Wedge is still in play, the price is still above the PCZ, and it is still trading above the Log scale All Time 38.2% retrace. If we hold here, we can eventually get a rally up to $156.72, and if it wants to go for a symmetrical move, it would go for the full 1.618 Fibonacci extension all the way up to $417.05. We...
Hi all. This is it. Take good not of the events about to occur and the culmination of 3 years worth of research. --------------- I finally get to show you this thing. Watch closely at the events about to follow and how madly accurate they are (unless ya'll short this into oblivion again): 1) Today/Tomorrow Ryan Cohen will tweet something (Guessing it'll be...
Looking at a textbook descending broadening wedge on the 1hr for GME, a breakout of this wedge could bring an easy 5 to 10% gap up.
We can see a pretty nice example of a double bottom on the 15 with just over 4 weeks before the next witching. The next few weeks should be pretty interesting.
RULES: -If price break Point 2, 4, 6, or 8 cancel the setup -Price needs to break Point 1, 3, 5, or 7 to confirm the setup When price reach the 100FE(BLUE BOX) it normally does a pullback/retest or reversal The market can Truncate(fall short)