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).
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...
We finally closed above the June 10th Downtrend on 2 days of the lowest volume in the last 12 months. No one is selling. Last time we closed below 200 was May 24th, a full month of 200+ price action. NFT news release soon? Some people seem to think so.
Very promising to see a green day after moving to the Russell 1000, normally stocks drop as has been repeatedly by MSM for the past 2-3 weeks. Large violation of the June 10th downtrend, closed lower but tomorrow it opens above the downtrend. A further sign of a large uptrend is a sustained push over 230 and especially a close over 230. Russell monitoring's...
Daily RSI is showing that its about ready to bounce off its own trendline. Russell rebalance at end of day. T-21 pushed to today due to holiday. NFT release date July 14th(speculation) 200 is strong support Possibility that GME regains log trendline in next few weeks? Sorry haven't posted for a bit, was waiting for GME to settle down for a good place to...
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...
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. This suggests we are about to enter a new cycle. Since the Earnings report was incredibly bullish (25% sales growth, 49% earnings beat) and the surrounding news...
Alright guys, confirmed amount of "normalized" voting shares released via the 8k is 55 million. Is this the number of shares that actually voted or is outstanding? NO. Gamestop cannot report a number higher then the issued share count. Based on the number of mostly foreign brokers that blocked voting and brokers that allowed voting and advised only a fraction...
Tomorrow is the the shareholder meeting Further tomorrow is 10 trading days from the initial spike from 180 to 210+ from May 25th The previous spikes were> January 13th we had the spike to 25 dollars~, then 10 trading days later we had the spike from 150 to 483 February 24th we had the spike from 38 to 80 dollars, then 10 trading days later we had the spike from...
Just a quick update with some notes. Long trendlines are holding, log scale remains intact and gap up fills before 2 gap downs. we gucci Good luck and hang in there.
Yesterday was the highest close since January 29th with today being a second close in a row over 250. At this point being so close to the 9th, there is a large portion of people waiting for that all important answer to the only question that matters. How many shares voted in the shareholder meeting? We will find out next week and while I have enjoyed this...