We can see the Confirmation of a 15 min Double top this morning when looking at Gamestop. Also the Relative Strength Index is weighing heavily on the overbought side With the moving average convergence divergence also looking to cross downward. Possible small 2 to 3 dollar dip in the next coming day or days before it starts to make another run back up leading into...
Video breakdown of what looks like a short trade in GameStop... Time will always tell. Control risk 1% and 2:1 RR
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Here's my GME chart. Election week has potential to explode. If you can, a nice buy zone is forming right under $26. I'd say the max upside is $64, but momentum could carry it higher. I'd still recommending exiting at $64 if it were to get that high (unlikely scenario) Realistically, $25 to $31 seems to be a nice trade window, with the potential to trade the...
The technical figure Triangle can be found in the daily chart in the Italian company Atlantia SpA (ATL.mi). Atlantia SpA (formerly Autostrade) is an Italian holding company active in the infrastructure sector, including motorways, airport infrastructure and transport services. The group manages 9,400 km (5,800 mi) of toll motorways, Fiumicino and Ciampino airports...
What we can see in the chart is a bearish pennant pattern. We are expecting that the formation will break to the downside as the trend overall remains bearish. Volume has been decreasing. The price is getting rejected from the resistance line. Entry price, stop loss and target are shown in the chart.
Check out my previous lrc chart. We break 15 cents and LRC will take many years if at all to get back to 4 dollars. 24 is a strong area and we can only hope we stay strong here and push out of this downward movement. This TA brought to you by 10 quarterly reports.
I think GME is preparing to Square-Up the Range to return to a 78.6%-88.6% Retrace once it Breaks Down Below the Equidistant Channel of this Bump and Run Reversal Top.
Hello everyone, Welcome back to yet another technical analysis. T+69 has only failed once and that was Friday, Jan 7th, 2022 and all the other times it was successful. Although I considered it a failure, we still saw huge volatility that day with a high of $40.08 ($160.32 pre-split) and a low of $33.13 ($132.48 pre-split). This cycle, historically, has been the...
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 /...
GME algo is in full control, as you can see from the two upward blue channels that follow with a sharp drop. The good news is that the upward orange trendline has held on 3 separate occasions now -- Feb '21, May '22, and Sep '22. This signifies that while the algo remains mostly in control, the lows aren't as low as they could be because DRS diamond hands are...
Good morning, Last time we fell below the 30 mark on the RSI we saw a 90%+ move up and the other two times it fell to this level we saw 50-100%+ move up as well. I'm factoring in a 60%+ move up as this is like a spring that has been compressed and is ready to explode. I also overlayed November 2021 cycle and it looks like we're following that...
Good afternoon, Since the golden cross on Sept 2020, we managed to hit the lows of the RSI (30) about 5 times, each time we bounced back up sometimes upwards of up to 50+%, and now we're now heading into our 6th low on the RSI. We are looking to fill the gap at 37 and 40 but we could also have more downside potentially bottoming at 22. As always, not financial...
As the title suggests, GME earnings failed to inspire the response that so many wanted and hoped for, nearly all afterhours gained came ad went through he course of the day with a decent finish. However this was always going to happen, in my view, as it went into that earnings call with a very low RSI and multiple time frames looking vastly oversold. What i´m...
GME in my opinion has a good R/R to the upside at this price level with price approaching good support and demand zone. High Beta and due for a squeeze after this $45 to $23 downleg I like the idea of OCT bull risk reversal - selling a put to fund calls - so I sold some OCT 23 puts and went long OCT 28 calls for .3 debit. First PT $29
Weekly- Range From 2021 to present consistent creation of lower highs between prices, 120.75-87.13, 67.20-64.50, and 41.25-49.85. Since the beginning of the year price has fail to break support at 19.40-24.50. In short price has failed to create new highs and lower lows, game stop is consolidated. Thesis- Potential for sell break out due to flat support and...
Zero resistance until $21 per share, shorts will have to buy back, 85% of shares are owned, and 15% are shorted. Do the math.