Very interesting take on GME. You need a sustainable higher highs for an uptrend, or most of these are perfect bull traps. Way to measure is also due to public sentiment, euphoria. Potentially easy money phase.
Not financial advice. The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
Hello and good morning fellow traders! hope you are all feeling great about today. So after watching the opening of the market this morning I came up with this idea. GME just lost the 20.35 -21- support lvl and has dipped into the green lvl of support shown on the Ichimoku cloud. It must hold the 17.17 -18.78 LVL of support or else GME will continue to the...
Good morning! GME needs to hold this area of resistance at around $20.35 -$21.23 if it wants to push to the upside. If the support level is broken, we will most likely see GME fall down and test the $18.40 Lvl. - If support holds then we will continue on up to the upside and test the $22.84 - $23.26 LVL. - The next LVL after this will be the ...
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...
I have posted previously my bearish sentiment on gamestop after it completed its five wave impulse move. In my opinion, the correction is over and we saw a regular flat pattern. First impulse move was on thursday and we saw wave two today. So excited for next week!
GameStop Short Term We look to Buy at 118.26 (stop at 110.74) Preferred trade is to buy on dips. As this corrective sequence continues we look to set longs on a dip at better risk/reward levels. Levels close to the 50% pullback level of 115.39 found buyers. Further upside is expected although we prefer to set longs at our bespoke support levels at 120.00,...
it seems like this support is holding pretty well: I am tempted to think that GME formed a double bottom chart pattern and is ready for reversal. We also have the second scenario with a sell to $70 before going higher. GME is already a crypto play, as you know, they will launch a Digital Wallet and an NFT marketplace. Looking forward to read your opinion about it.
Not financial advice. The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
After GME went even lower than the exacted support line: Now we need to keep in mind that $90 is a great entry price in case of a selloff due to market condition and increasing of interest rates. GME is now in a high volume consolidation area, slightly bullish in my opinion.
GME range expansion today after a 9 bar consolidation. 15% more rally estimated based on the mode. Previous mode was accurate. Bought ATM Feb 18 calls for $10.00
GME Gamestop is launching a marketplace for NFTs, reported the wall street journal. GameStop is also reportedly creating partnerships with two crypto companies to “share technology and co-invest in the development of games that use blockchain and NFT technology, as well as other NFT-related projects”. The stock bounced from a strong support and is heading to the...
Welcome to my in-depth and detailed analysis on Gamestop GME. This analysis was first published on 11/22/2021 at 12:35 by me Highrisk221. Date and time information is based on Berlin time zone. We look at Gamestop in the 1 hour chart As we can see in the chart, the price trend wärend the last high phase on 08.06.2021 at 17:00 put a correction phase which...
Gamestop is trading within a descending pattern (orange triangle), with the relative strength index trending down (below the orange line). Price target (within reason) is the previous high $491.32 (dotted green line). Expect pricing to stay within the yellow lines. The Pink circles indicate touches on the trendlines. *expect some additional volatility.*
The last time MACD crossed over Signal and RSI crossed over EMA together GME ran up to 350. If it forms a higher high than May's run-up it could reach the 1.236 Fib ratio of the most recent high-to-low trend, $418.92.
NOT FINANCIAL ADVICE Previous post called to breakthrough of the flag into uptrend, so far it is in the beginnings of an uptrend. 4 Hour support around $209-210 Resistance around $213 Still hoping for a $220 close for good confirmation of long bullish trend. So far, analysis is correct, see previous post for bull flag analysis.
GME reached the 200 MA on the 8h + extended hours, it hit the S3 weekly, the diagonal support, a VP HVN and it managed to get into an area that was previously resistance (currently turned into support). So to me this either is the bottom, or GME is in trouble. This is a massive combo and the structure of GME in the long term is still bullish. In my opinion the...
Consolidating with low volume (Good sign) and OBV rounding up, send it WSB!