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.
It looks like GME is moving towards a strong supporting line in a channel and a wedge. It has rebounced on this line before. If it does, how far will it go? No matter what, it looks like, there is a lot of upside. I like to look at charts because I believe there is magic behind the numbers, when you can read the history, psychology and trends in the charts. I...
As I see it, GME is moving inside a channel or wedge, which is inside a larger channel. Zooming out, I see an even larger wedge, that underlines the trend. If it continues down inside the smaller channel or wedge to the supporting line of the larger channel, there should be a great buy option, which potentially has a lot of upside. I like to look at charts...
Gamestop near double support. We have a triangle at the top. According to classical technical analysis, such a triangle can be both a trend continuation model and a reversal model ... Moreover, this triangle must be broken up or down no later than 3/4 of its beginning to its top, in other words, no later than November 1, 2021 ... Otherwise, the model is considered...
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.
over the past few months we have seen some unrealistic price movements in GME. i think that we are about to get another/ final unrealistic pump before GME goes back down to a realistic price. on this chart you can see fib time zones showing that big price movements happen after crossing one, right now we are about 1 week away from crossing one which means we could...
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 breaks through flag resistance, going into bullish uptrend. However, there is major resistance at 220, hoping for a close above 220. New support should form soon, I estimate new support would be around 200-205ish. Also hoping for higher than estimated earnings report, should reinforce retail and institutional investors for a long position until shorts cover.
Looks like GME finally broke the long downward trend and with an insanely strong gamma ramp the sky is the limit.
Look at the previous times when MACD crossed on the DAY chart. This is about to happen again.
GME Gamestop lost some traction on WSB recently, which made me think about a possible retracement to a support level that i might considering reentering this stock. And that support is around the 130usd area! I am looking forward to read your opinion on where GME Gamestop is heading now!
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...
Two possible scenarios that if they should occur i plan to take long positions. Scenario 1 - Orange arrow Price moves against Support level (lowest blue line) Scenario 2 - Blue arrow Price moves against center Support level (middle blue line). Moves under it and reclaims it. Targets are the next big Resistance levels. Dont forget: - Watch your Risk...
GME haves been holding strongly an amazing support at the Fibonacci Retracement's 0.618-0.66 and is ready for it's next shot towards the moon, the current 0.618 (TP1) for the Fibonacci Extension is at $334.77, good luck ya'll!
After completing the Cup and Handle pattern fully, it looks to me as if we completed a full impulse wave 12345 with a ABC correction. This perception is also supported by the perfect fibonacci levels and filled the gap at 211 to 220 This suggests we are about to enter a new cycle. Since the Earnings report was incredibly bullish (25% sales growth, 49% earnings...
Major Price action today, drop (with gap down) hitting a low of 211, and closing today at 220. After hours is up slightly to 230 which is pretty interesting. The thought is with the higher volume day at 22.7 million is that Gamestop sold all or most of the 5 million shares they announced they could sell yesterday. The last time GameStop completed selling 3.5...
Short term bearish. next target $300 for mid term. $160-170 is great support level