GME About To WaterfallGME SAVE THE TAPE! Back in June 2021, I warned people to GTFO out $GME when it was trading at $212 Today it trading at $20 and about to waterfall again. Despite my several follow-up warnings over the last year and a half people continue to fight me on this. SMH! Shortby RealMacroUpdated 515515209
Gamestop- Idiosynchratic Systemic RiskThe rise and fall of GameStop's stock in 2021 became a landmark event in financial history, captured in the recent film "Dumb Money." This saga, fueled by unprecedented social media buzz and retail investor sentiment, culminated in a historic short squeeze and raised critical questions about market access and regulatory oversight. The Spark: A Sentiment-Driven Squeeze GameStop, facing declining brick-and-mortar sales, became a target for short sellers who saw its business model as outdated. However, a surge of online optimism, primarily on platforms like Reddit and Twitter, ignited a buying frenzy among retail investors. This sentiment-driven buying pressure triggered a dramatic short squeeze, propelling the stock price to dizzying heights in January 2021. The Fallout: Buy Buttons and Direct Registration While the price eventually corrected, the social media fervor persisted. Concerns about trading restrictions implemented by certain brokers during the squeeze further fueled the fire. This led retail investors to embrace Direct Registration of Shares (DRS), a process that removes shares from the clutches of brokers and places them directly with the company. The goal: to limit the availability of shares for shorting and potentially trigger another squeeze. DRS: A Unique Market Phenomenon With over 74 million shares DRS'd as of the last earnings report, GameStop represents a unique case in market history. No other non-penny stock has witnessed such a large-scale withdrawal of shares from the open market by retail investors. This unprecedented scenario has created a volatile market dynamic with the potential for significant price movements. Technical Analysis: Signs of a Potential Breakout GameStop's price chart exhibits classic characteristics of a stock primed for a short squeeze breakout. Price consolidation since the 2021 squeeze, falling volume and volatility, and rising short interest are all potential indicators of pent-up pressure. The Socioeconomic and Elliott Wave Perspective Analyzing market movements through a socioeconomic and Elliott Wave lens, we recognize the crucial role of collective sentiment and mood in driving stock prices. GameStop's price trajectory aligns with a clear 5-wave Elliott Wave pattern, suggesting a potential return to all-time highs and beyond. Potential for Government Intervention The exponential counterparty risks associated with a potential GameStop squeeze raise concerns about systemic market instability. Government intervention, in some form, cannot be ruled out to mitigate the potential fallout of unrecoverable margin calls on significant market players. The Sequel Awaits: A Story Unfolding As time unfolds, the GameStop saga continues to evolve, captivating both financial experts and retail investors alike. Whether a sequel to the "Dumb Money" film materializes remains to be seen, but one thing is certain: the story of GameStop is far from over, with its potential consequences for the market attracting keen attention worldwideLongby Heartbeat_TradingUpdated 158158548
Nvidia Takeoff!! $1039 with earnings around the cornerNvidia earnings around the corner are we going to make another ATH in Spy! Will Nvidia get us there, I think so GPU 50 series release Rumors more Cloud Technology added in GPU's!! What else could you ask for in an AI boom!! $1039 price target for NvidiaLongby JoeWtradesUpdated 393964
NVIDIA is going to top out, consolidate before taking offThere's only one more meme rally left before CBDC's. I expect Nvidia to meet guidance for earnings, will spike up and then crater. There's some cheap puts for .20 for 500 strike price for July. Will probably be 450 after it's all said and done when it bottoms out. Which is a 2,250x return if the stock did crater! Couldn't rule out a flash crash. I think if we wait till next week to buy the puts it'll be cheaper, maybe .15 which is a 3,000x. They will definitely soar when the FED ends up cutting rates after the BOJ sells treasuries and BRICS unveil their currency. If Trump wins our country will convert back to a gold standard. If Biden wins they will try to usher in a CBDC. Better own some food, land, ammo and precious metals comrade if you do decide to vote against "Mean Tweets"... Shortby EmptyEternityUpdated 424290
I love bears betting against $BTC post halving in 2024 LOLIll take my chances on this one, how about you ANON!?Longby Nevrose2Updated 21217
No brainer play hereIt’s been oversold and neglected for to long. Gap down and then fill today shows a clear bottom forming short term based on technicals!!!! $18-$19!!!Longby LeapTrades12122
Gamestop Is Still BullishReasons why we are bullish for Gamestop: the opening candle of May 14 looks very, very sick. The market won't let a candle like that stand. Never. the VolumeProfile shows very strong buying interest the CumulativeVolumeDelta is stable and shows no bearish divergences Longby Ochlokrat666
NVDA - Never regret taking profits !1) Everyone and their granny has heard of Nvdia by now. Lots of new retail traders are pulling into this name as the craze continues. My none-trader/investor friends have started asking if it's a good idea to "invest" now. That's a big red flag ! (My answer is no!) Remember, retail investors always come in last and hold the bags when the stock sells off. 2) Fundamentals have started to degrade across the board in the US markets and lots of names started to go lower. Small caps are incapable of making a new high and have made what seems to be a corrective move up since April. It's then a matter of time before the king follows. 3) Looking at the Elliott Wave count, we can clearly see that we're in a fifth wave, which for those that do not know, is the final move up before we see a considerable correction. RSI, MACD (or your fav oscillator) shows divergence which happens between wave 3 and 5. 4) On the smaller time frame, we can hope for a continuation higher, but, the upside is limited to probably less than +20% seen that we've finished (are finishing) the extended third of a third wave, which is the sharpest and longest. So, It's not a bad idea to start taking profits. I'll close 75% of my longs now. The rest on a drop below 1070$ or a move close to 1300$ Editors' picksby ElliottWaveBelgiumUpdated 1212102
A further 1700% move to $600 for Gamestop in 2024?Bet that title got your attention. Well it might not be as crazy as it seems. An exercise performed by yours truly is to scan through monthly charts on the beginning of each new month. Takes more time than you imagine. Gamestop is certainly worthy of attention on the monthly time frame. On the above monthly chart: 1) It is without question, past resistance confirms support with the close of May on the horizontal support / resistance. Blue arrows. 2) The print for May is a bullish engulfing candle. A candle besting those that printed in May of 2020. 4 years later… Look left. 3) The “Breakout” in stochastic RSI is significant on this time frame. Momentum is surging. 4) The Bull flag pattern breakout is impressive but not yet confirmed. Ideally a backtest would print around the $15 dollar area. 5) Should a back test confirm support then price action is forecast to make a run to just over $600. Is it possible price action delights short sellers with urgently needed corrections? Sure. Is it probable? No. Wwby without_worriesUpdated 232330
$NVDA might fall +10% after stock splitMy prediction is that the stock will fall after the stock split, similar to what happened with NASDAQ:TSLA , which retreated 30% under similar circumstances. However, this dip only lasted a week or so, indicating this is a quick scalp opportunity. It might be a good idea to wait for NASDAQ:NVDA to surpass NASDAQ:MSFT before making a scalp trade.Shortby Blasik9910
I mean .. Lets get real Lets see $966 - Fill the gap Chart speaks for itself. Impressive divergence on the RSI - stronger $970 than $1224 The green dotted line confused me... what is that? Oh its the monthly WVAP. Never seen it that out of wack on a Megacap. Average price over the 12 months is $454. Today the Nasdaq made an all time high, however in the futures market the relative volume was 90% of regular daily volume {RVol Pro if you add the volume to your charts} , lacklustre considering all time highs were achieved. If price can fill this gap, likely the RSI will join in to take it higher, till then this looks like a stop run of the NDX. Shortby Maximilianned337
Short NVDAI've taken profits on my final NVDA long piece today and opted to go short with a tight stop as I think the turn could be near at hand (post split). Long from 800 exited final piece at 1240. New posn Short 1240 Stop 1280 Target 1000 Return/Risk 3:1by WVS_Stockscreen115
Pre-ordained Coinbase predictionGo go go. Electromagnetic force analysis. Coin is made of metal. Attracted to magnet.Longby eam_h449
AAPL - Market Correction Coming?AAPL has sprung to life over the last quarter in anticipation of its WWDC and an announcement of its AI push. The chart suggests that the stock may be fully priced at these levels with what appears to be an ominous head and shoulders pattern. AI hype has reached extreme levels with the SMH up 5% yesterday and NVDA up over 15% since Friday. Not in the business of picking tops but with the frenzy going on in the market for AI anything and $15 trillion in market cap concentrated in 7 stocks, over $5 trillion of which has occurred in less than a year, we are poised for some sort of correction. A pop and drop is not out of the question between the NVDA stock split and WWDC. We shall see. GLT. Shortby BobbySpa115
WULF - Rekt Sheep 💀Ascending wedge appears to be drawing to a close here. It has become very shallow and calm in this recent area. Calm tends to arrive before a storm. There are bearish RSI divergences that cannot be seen through rose tinted glasses. Earnings later today could do anything... But right here WULF looks set to roll off the table down and down 👇🏻. Fanboys that can't read a chart are about to find out 💀. Not shorting, I only want deep buys down the road... Not adviceShortby dRends35Updated 424218
AMC pumps price and volume into fair value zone LONGAMC is on a 4H chart with a set of VWAP bands overlaid In the past two trading sessions price and volume have pumps and so also the PV Trend indicator. There is no fundamental footprint on this move. it is a pure meme much like a similar move of GME. I will go long here hoping to ride the momentum and capture profit. I will set a stop loss fo 10% n recognition of the volatilit The final target is the $ 120 range pivots of April and August 202. The initial target is the $35 range of the ranging zone of August 2023. Upon reaching the first target I will cut the position to 50% for the leg higher. I will cut the position if momentum fades especially if the volume fades with it. This will be interesting at the least and highly profitable at the very most. Longby AwesomeAvaniUpdated 6619
GMEIf NYSE:GME can continue closing above 33, has Monday's open capitulation area to reexplore as well as 48.75 gap from MayLongby jhonnybrah9
I like the stock to $42Good afternoon traders, I like the stock and the price action with confluence of other variables. I am long. Weekly line chart Price action basics I learned. New low/same range as sent it up holds try again Monthly Line chart. NYSE:GME to $42 blaze itLongby vregrdedtrdrUpdated 335
PYPL, one last call to seed on the bargain price now!PYPL net buying has been continuously active this past few days. Position takers are back after the stock touch a major order block support at 60 levels -- and touching 1.0 FIB levels. Initial target is at 75.0. The current price is already at a very discounted levels factoring in last quarter's (June 2023) rosy earnings report with revenues up by 7% at $7B, and a whopping 400% surge on its net income at $1B. Recent News: New Hopes for the company has surfaced as news of PayPal's new CEO could get investors excited as his background fits nicely into PayPal's best business segment. Seeding on this one is a no-brainer. PYPL, will definitely be your PAY pal. Spotted at 61.0 TAYOR. Safeguard fund always.Longby JSALUpdated 5520
TSLA BUY IDEA.TESLA weekly timeframe analysis. TSLA is at strong monthly/weekly support area and my calculation is that TSLA is going to touch 250-270$ area from current price with in next couple of months.Longby HamzaGillani334
TSLA long IdeaTSLA long idea: My Indicator is flashing buy on TSLA. Momentum is building so TSLA should go up for here. Entry, SL and TP Levels are marked on chart.Longby sdevang112