Right now, the Trend & Momentum are not looking great, We will keep watching when the SAR will flip, and we will have some excellent bullish momentum. the start of the year could be a high potential for massive gain with a close stop right on the trend line, if the line brakes, the bearish momentum continues.
74%+ of the total shares float is already on the short side. The company will continue with his shares buyback program as recommended by Michael Burry himself. I expect a multi-days breakout, that means if you wake up one morning and the stock is up 30% i don't sell. It will continue for at least a week. Days to cover shorts positions : 12 . Trade at your own risk!
Hi, today we are going to talk about GameStop and its current landscape. The American video game, consumer electronics, and gaming merchandise retailer it's been crushed by a series of bad confluences, starting by the company report that showed a worse than expected EPS and sales results on the third quarter, GameStop also issued a cut of the 2019 Fiscal Year...
GameStop was downgraded to Junk at $46 a bankrupt business model since then THE PERFECT DOWNTREND - IMPOSSIBLE TO LOSE MONEY!
GME broke through resistance from Oct 15, Oct 1, and June 11, targeting 1.618 Fib @ $6.09.
NYSE:GME is hovering near all time lows. While this may look like a savory opportunity to buy in cheap, I urge you to be very careful here. There is not an established case for there to be strong support here at this price. I would recommend waiting for some type of accumulation range to set up before jumping in. Be very cautious, and be confident in this...
Did you know that Michael Burry is long on GME? Of course, that is not a reason for us to also pres a buy button, but if we look at redline which has a price value from 2003 lows, and on H1 MA200 which stand as a support line together with redline (RSI is at 50 levels here) we can wait for some price reverse and then take under consideration to go-ahead. I...
Look, the truth is no one buys games from Gamestop anymore like we use to. We can easily download games via our console or we go to stores like Best Buy, use Amazon or buy used games or consoles through Craigslist or Facebook Market. There is nothing special about Gamestop, anyone can do what they do. What they should focus on is selling classic old vintage games....
GME has been beaten down most of the year. It's great to see positive news but unfortunate that they had to do fat trimming at the expense of employees. Either way, the news that Michael Burry is invested hasn't hurt (yet). We'll have to see if it has a lasting impact still. Overall, the chart looks interesting. Video game retailer GameStop Corp. (GME Stock...
Michael Burry, whose prescient bet against subprime mortgages before the financial crisis was depicted in the book and movie The Big Short, is making another contrarian call: going long shares of GameStop. We believe the low of $3.15 will hold and can go long off a stop just below. As always, trade with caution and use protective stops. Good luck to all!
The last EIGHT times GME tagged the 3.2 standard deviation of the 50 band on the daily, it reversed 15 to 35% every time. The profit ratio is fantastic.
The brick and mortar video game model is becoming obsolete. GameStop now competes with titans like Microsoft, Sony, WalMart, Amazon, and online marketplaces offered by Steam and Nintendo. To further support the continuation of this trend is the recent decay of fundamentals. They have spun off their telecoms branch, removing a source of revenue diversification...
$GME Looking very overbought on the hourly chart, tagging the resistance line with a tweezer top forming. RSI peaked near 90. Expecting a retrace back down to at least $16 within a week, prior to ER in early Sept. Note: Informational analysis, not investment advice.
I believe GME has formed double bottom, and will take off, but it will take some time. Good Luck.
EARNINGS HPQ, LOW, BBY, and GME are all up for earnings announcements. Out of these, BBY and GME appear to be the best candidates for premium selling, given their implied volatility rank and background implied volatility metrics, although virtually every liquid underlying with an earnings announcement bears watching; implied volatility can pop at the last...
GameStop has been fighting a losing battle for a while now - I am adding a short position here (My target is $20) due to the fact that it has once again dropped below the 9 day MA, it made a retest of the 50 day MA and failed, and of course it is well below the 200 day MA. Additionally, the RSI has dropped below the 50 zone, the stochastic has downward momentum...
Ugh. Doing my weekly market review/screening and there is literally nothing high IVR/high IV to play ... . Nada ... . Zilch ... . One option is to sell puts in one of these "just high IV" underlyings: VRX: April 21st 11 goes for .56 AKS: April 21st 7 goes for .31 AMD: April 21st 13 goes for .66 WLL: April 21st 8 goes for .28 CLF April 21st 8 goes for .34 X:...