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.
Here is the GME chart.
Vertical lines denote starts of periods. I have some fun triangles too just for giggles.
You'll see here a clear pattern. 7 weeks to short, 4 week runup, 1 week to I don't know what, restart the short cycle I guess. Given that the total is 12 weeks (approx quarterly) I think that fits pretty well with the quarterly options expiration. I...
I just like to draw coloured lines and overlay current bars with history on the $GME 30 min chart.
Looks to me like another buying opportunity coming up until the next catalyst like Opex, Dividend record date, NFT marketplace.
In the mean time high inflation, rising interest rates, supply chain issues, component shortages, housing market crash, stock market...
GameStop - Short Term - We look to Buy at 138.50 (stop at 125.95)
Price action looks to be forming a bottom. 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 138.50 found buyers. Further upside is expected although we prefer to set longs at our bespoke support levels at...
17 hours ago
GME has pushed itself above the 50MA on a weekly timeframe
If it can close above this level before weeks end, GME may still push a new ATH
Net sales $2.254 billion VS $2.122 billion in Q4 of 2020 VS $2.194 billion same Q 2019.
Net loss of $147.5 million, or $1.94 per share VS a profit of $80.5 million, or $1.19 per share las year.
My buy area is $48 - $69.
I expect a bounce from that strong support.
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.
As the last GME trade worked out nicely. ()
My next plan:
Scenario 1
Planning to buy tmrw some GME. Target is the recent high (25.08% from the current price)
No Stop- Loss. Will hold longer
Scenario 2
Buying more GME at the s/r level (blue line) if price should fall lower.
Same target as scenario 1. No SL aswell.
Dont forget:
- Watch your Risk management
-...
GME - Short Term - We look to Buy a break of 162.00 (stop at 134.00)
A move through bespoke resistance at 160.00 and we look for extended gains. Posted a Triple Bottom formation. 140.00 continues to hold back the bears. Previous resistance located at 250.00. The bias is still for higher levels and we look for any dips to be limited.
Our profit targets will be...
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...
GameStop - Short Term - We look to Buy at 158.81 (stop at 130.88)
Previous support located at 145.98. Posted a Bullish Hammer Bottom on the Daily chart. Daily signals are mildly bullish. The bias is still for higher levels and we look for any dips to be limited. Risk/reward is ample to call a buy trade.
Our profit targets will be 239.71 and 293.57
...
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...
After this beautiful play from support to resistance:
Now GME Gamestop formed an upside trend with a price target in my opinion of $260
Looking forward to read your opinion about it.
Just a follow up to November's outlook. It is interesting to see the price playing out as anticipated. I could say "predicted", but don't want to sound like a D_ck! 😁 So let's see if price gives some clues as mentioned going forward. Dam! If I am right for a third time in a row I may just have to write a price action book or something 😅 Be well and happy and safe...
If you haven`t bought at the support:
Then you should know that today GME Gamestop had some of the most extreme out of the money short term calls expiring Nov 26 with a strike price of $500!
I see a short term upside potential of $280 (the next resistance)
Looking forward to read your opinion about it!
After breaking the downward trend line and closing way above it. It is to be expected the GME start a massive rally similar to the one it made earlier and make new highs. Key levels are mentioned in the chart.
PS. such stocks shouldn't be invested without proper risk management. Don't forget to put stop losses near resistance area.
Looks like we're seeing a shift here with the buying pressure starting to come in, We need momentum to continue if we expect us to finally break out of this Wedge/Triangle though.
I've been grabbing leaps and shares every chance I get, The longer these institutions prolong this the more violent the breakout will be. RSI, MACD & STOCH are in great positions IMO,...
