Can you TA something like this? I can't help but think maybe you can. There is little interference here. It's speculation / emotion at it's rawest, and if the Short bubble pops, huge uncontrolled moves can occur....
I'm jacked on GME * Company turnaround in fundamental ways .. check ✅ * NFT possibilities .. check ✅ * Triangle breakout .. check ✅ DD is solid af Berlin already checked in. 🤞
GME Gamestop bounced from support and now looks like it`s heading for the resistance. My price target is $226 I`m looking forward to read your opinion about it.
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.
Yesterday i saw two times more puts than calls on the options chain for GME. Gamestop reported adjusted net loss of 76 cents a share and net sales of $1.18 billion. The analysts consensus called for an adjusted net loss of 67 cents a share and sales of $1.12 billion. Let`s wait for a pullback to the key support levels then.
Despite AMC & GME having either bad business models given the era we live in or bad financials or a mixture of both, the meme stock craze doesn't seem to be going away. AMC currently at about 17-18% short interest of free float and GME at about 12-13% short interest of free float. Neither heavily shorted, but there is some juice. Clearly neither as short as during...
Flag support at 198 Flag resistance coming to an end, should see major move up or down. Would play the breakthrough of flag resistance, still hoping for a close above 220. Although there is a potential breakthrough, of course the opposite could happen as well. Best thing to do for now is to wait or buy if you believe. I will still be buying and holding (going long).
GameStop saw a $60 jump today in price. However, it is still below the 200 Day MMA, so I am not sold that it is the beginning of another pump yet. It could have been just a pump fake to shake out the retail traders. If so, we will likely see a Bull Trap tomorrow and then a dump. But if it is the beginning of another pump run, then tomorrow it will continue...
Here's my analysis on GME. It's been weakening for a month and we just got a death cross. Not a good look. Headed down for the foreseeable future. Must hold at Support #1. If it can hold, that's a good sign. If it breaks below that, it's gonna be a LONG summer. If you're still holding at that point, I'd probably just HODL and move on to other stocks and wait until...
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...
The advisor Market Miracle generated an input signal for the title GAMESTOP $GME at the price of 237 USD with a target of 315 USD. The company is known by all for its capillarity on the territory but also for the recent events that have seen the value of the action literally skyrocket and not because it is a particularly healthy company. In fact, its balance...
If I had to make a guess, this is what I see happening. After that, chart a course for warp speed.
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...
Consolidating with low volume (Good sign) and OBV rounding up, send it WSB!
Target 4k in a couple years Connecting the 2002 & 2007 tops, would be funny if Gamestop hitting 4k marked the end of the bull market in a couple years.