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 534534228
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GameStop, facing declining brick-and-mortar sales, became a target for short sellers who saw its business model as outdated.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 171171580
This demand level may be the last stop for GMEI recently seen an article about Game Stop being at its lowest level of the year so i decided to glance at the technicals. From a Technical standpoint it looks pretty good. Here are a few reasons why i think this: 1) Price is approaching a nicely unmitigated demand zone. 2) The demand zone created a great deal of imbalance 3) There is liquidity above the demand zone. 4) There is divergence playing out. When price approaches the demand i may look for some calls depending on how momentum shifts on the lower time frams. Longby lcomerennahUpdated 111136
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 LeapTrades22228
JP Morgan: Possible Correction Between 205.5 - 216JP Morgan: Possible Correction Between 205.5 - 216 The price already completed a Bearish BAT Pattern. JP Morgan is still strong but the current potential reversal zone of the Harmonic Pattern is showing that we can be near to a bearish correction. However, the price is required to develop more before it moves down at this moment considering the bullish trend. Immediate support will be found near the target areas 180; 165 and 140 You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️Shortby KlejdiCuni227
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 $1B. Recent News: New Hopes for the company has surfaced as news of PayPal's new CEO could get investors excited as his background fits nicely into PayPal's best business segment. Seeding on this one is a no-brainer. PYPL, will definitely be your PAY pal. Spotted at 61.0 TAYOR. Safeguard fund always.Longby JSALUpdated 6622
Gamestop #GME Weekly Trade Analysis One can look for target of 115$ level from today cmp which is 46$ and if all things are good with the company then final target will be 1000 $ for long term 6-8 yearsLongby abhee9717445
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 $600. Is it possible price action delights short sellers with urgently needed corrections? Sure. Is it probable? No. Wwby without_worriesUpdated 252534
NVDA - Never regret taking profits !1) Everyone and their granny has heard of Nvdia by now. Lots of new retail traders are pulling into this name as the craze continues. My none-trader/investor friends have started asking if it's a good idea to "invest" now. That's a big red flag ! (My answer is no!) Remember, retail investors always come in last and hold the bags when the stock sells off. 2) Fundamentals have started to degrade across the board in the US markets and lots of names started to go lower. Small caps are incapable of making a new high and have made what seems to be a corrective move up since April. It's then a matter of time before the king follows. 3) Looking at the Elliott Wave count, we can clearly see that we're in a fifth wave, which for those that do not know, is the final move up before we see a considerable correction. RSI, MACD (or your fav oscillator) shows divergence which happens between wave 3 and 5. 4) On the smaller time frame, we can hope for a continuation higher, but, the upside is limited to probably less than +20% seen that we've finished (are finishing) the extended third of a third wave, which is the sharpest and longest. So, It's not a bad idea to start taking profits. I'll close 75% of my longs now. The rest on a drop below 1070$ or a move close to 1300$ Editors' picksby ElliottWaveBelgiumUpdated 1212120
NVDA long from $1200 to $1600 - easy 30% - pure technical playNVDA is in an incredibly strong bull market - it looks very good both fundamentally (rising revenue and profits, virtual monopoly on AI chips) and technically. Current wave that started in Nov 23 is yet far from being done and it's very unlikely it would conclude before hitting at least $1600 maybe will even go much further to $2k area.Longby rafbie118
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 404067
NIO: Great Investment, or a Flop?My attention has for the moment been directed towards NIO thanks to Morgan Stanley’s recent purchase of 10M shares, raising their investment value by 55% to over 28M shares, whilst simultaneously setting a near 100% upside 1Y price target to $10 per share. Ahead of NIO’s June 6 earnings report for 1Q2024, I thought it best to take it upon myself to review the company’s past reports, consumer sentiment, competition, and upcoming industry opportunities, in the anticipation that the all time high (ATH) of about $67 may be broken not so far in the future — quite possibly in the next two to three years. Indeed, that sort of prediction may appear at first to be the lament of an investor who readily entered the stock near its ATH, but in fact I have neither open nor closed positions in NIO stock or options at the time of publishing. That is to say: this is an independent evaluation intended to lay out NIO’s potential to become a high-value company, alongside factors that might stand against such an increase. What is NIO, and What Differentiates Them? As stated in their Annual Report 2023 , published April 2024, NIO is “a pioneer and a leading company in the premium smart electric vehicle market. We design, develop, manufacture, and sell premium smart electric vehicles, driving innovations in next-generation technologies in assisted and intelligent driving, digital technologies, electric powertrains and batteries. We differentiate ourselves through our continuous technological breakthroughs and innovations, such as our industry-leading battery swapping technologies, Battery as a Service, or BaaS, as well as our proprietary NIO assisted and intelligent driving and its subscription services.” Compared to most other Chinese EV companies, NIO distinguishes itself primarily through two factors: high-end models and battery swapping. High-End Models NIO focuses on the premium segment of the EV market, offering luxury features and cutting-edge technology. Their vehicles are known in China for their performance, design, and advanced driver-assistance systems (ADAS). Models cater to consumers looking for high-quality, technologically advanced vehicles. This positioning allows NIO to target a market with higher profit margins and less price sensitivity compared to the mass market. However, this also effectively sets an upper limit on the demand, as most lower-class and low middle-class would not be able to purchase NIO even if they are willing. It is also worth noting that in Chinese culture, names are seen as of great importance; NIO’s Chinese name is pronounced wèi lái, which means Blue Sky Coming , and it is seen as almost auspicious and rather chic. The same pronunciation of the characters can also be used to mean “future” when written in a different manner. Trading View prevents using multiple languages, hence the lack of Chinese characters. Battery Swapping and Battery as a Service (BaaS) NIO's battery-swapping technology is a significant differentiator: instead of traditional charging methods, NIO offers battery-swapping stations where depleted batteries can be exchanged for fully charged ones in a matter of minutes, replaced by robots without a need for human intervention. This innovation addresses two of the primary concerns of EV owners — charging time and charger availability (for those without private chargers). The BaaS model further enhances this by allowing customers to lease batteries instead of purchasing them with the car, reducing the upfront cost of the vehicle by about $10K and offering flexibility to upgrade to newer battery technologies as they become available. This service model is unique and provides NIO with a recurring revenue stream, similar to a subscription service. The standard 75kWh battery costs $100 per month and the long-range 100kWh one cost $230 per month (respectively reduced by 31% and 35% in March). Do note that the costs accrued from building battery swap station and chargers increases relatively linearly — a good sign as long as revenue continues to increase exponentially. As of May 29, 2024, there are 2,427 recorded swap stations in China, 802 of which are along highways. While there are fewer swap stations in Europe, these are located in larger cities where most NIO Europe users are concentrated. Cooperations with other EV companies are in the works to develop cars which can utilize NIO’s existing battery swap station. Today, NIO has the following partners on battery swapping: GAC Group, FAW Group, Changan Automobile, Geely Group, JAC Group, Chery Automobile, and Lotus Technology. If these collaborations ever come into fruition, NIO would undoubtedly have higher profits from the numerous non-NIO vehicles using their swapping services. Besides, as of November 2023, about 80% of the power from NIO chargers is used by other brands, with BYD and TSLA vehicles being the foremost at 19.4% and 12.3%, respectively. Safety I would like to leave this note on safety, since much attention has lately been drawn to the issue of Chinese EVs catching fire. According to Wikipedia , NIO only had 3 fires recorded by 2021, one of which was caused by a collision; an article in 2023 states two more fires had occurred due to collisions, bringing the estimated total to five for a company that has now sold over 515K EVs as of May 31, 2024. It is suggested that those looking to invest in Chinese EV companies compare their rates of fire per hundred thousand cars sold. For NIO, this number seems extremely low, at under 1 fire per 100K — unless there remains other data my investigation did not uncover. Stock Performance and Sentiment NIO's stock has historically been highly volatile, reflecting both the rapid growth potential and inherent risks associated with the EV industry. I have identified a possible supertrend buy signal on the 5Y chart in the case that the stock price closes above the $6.56 mark at the end of any week. If this happens, it could signify a robust upward momentum, potentially attracting a wave of new investors and boosting market confidence. This possibility is supported by an upwards slope in on-balance volume (OBV) since mid-April — a momentum indicator for volume showing crowd sentiment. Please refer to the chart for supertrend and OBV. The green box indicates the possible buy zone if the supertrend is confirmed, and the arrows on the graph seek to provide a rough guide for how price might move. Overall, market sentiment is mixed, with many investors predicting for an uptrend and others unsure of when NIO will become profitable. Consumer sentiment towards NIO remains generally positive, particularly among tech-savvy and environmentally conscious consumers. The company’s focus on high-end models with advanced features has carved out a niche in the premium EV market. Their NIO house idea further sets them apart from competitors, offering a place where users. These strategies positions NIO well against competitors like Tesla, which also targets the high-end segment, and differentiates it from other Chinese EV manufacturers that compete primarily on price. Competition and Industry Landscape NIO operates in a highly competitive landscape with numerous players vying for market share. Tesla remains a formidable competitor globally and within China, leveraging its brand recognition and extensive Supercharger network. Other Chinese manufacturers like BYD and XPeng also pose significant competition, each with their own strengths in battery technology, manufacturing scale, and market strategies. It seems unlikely NIO will ever have the chance to expand to the United States of America. However, the rest of the Americas might hold some potential for future expansion. At the moment, it might be best for NIO to solidify their position in the Chinese markets and to gain more loyal customers across Europe. Recent Events and Announcements NIO Energy, a key subsidiary focusing on charging infrastructure, battery swapping, and energy storage, recently secured a substantial investment of $207 million. This capital influx is earmarked primarily for research and development (R&D), as well as to support manufacturing and operational costs. Such investments are crucial for NIO’s ongoing technological advancements and expansion of its service network, enhancing its competitive edge in the fast-evolving EV market. Furthermore, NIO announced its record-breaking May deliveries of “20,544 vehicles, increasing by 233.8% year-over-year. NIO delivered 66,217 vehicles year-to-date in 2024, increasing by 51.0% year-over-year.” Having broken their July 2023 highs in deliveries, it appears more and more likely that once NIO ameliorates their cost-managing, their profits will see a formidable increase. Anticipation is building around NIO’s upcoming earnings report for Q1 2024, scheduled for release on June 6. Previous quarterly reports have shown mixed results, with strong revenue growth but persistent challenges in achieving consistent profitability. Industry Opportunities and Challenges The EV industry is poised for substantial growth, driven by increasing environmental regulations, government incentives, and a global shift towards sustainable transportation. For NIO, opportunities lie in expanding its market share, both domestically and internationally, and further innovating in battery technology and autonomous driving. However, the company faces several challenges. Supply chain constraints, rising raw material costs, and geopolitical tensions can impact production and profitability. Additionally, NIO must continuously innovate to stay ahead of the competition, particularly in battery technology and autonomous driving capabilities. Conclusion: Great Investment or a Flop? NIO presents a compelling investment opportunity with its innovative technologies, strong brand positioning, and significant growth potential in the premium EV market. The company’s strategic focus on battery swapping and BaaS provides a unique value proposition that could drive recurring revenue and customer loyalty. However, potential investors should also consider the risks. The EV market is highly competitive and rapidly evolving, with substantial operational and regulatory challenges. NIO’s financial performance has been inconsistent, and achieving sustained profitability remains a key hurdle that NIO will hopefully be able to resolve by end of year 2024. In conclusion, while NIO has the potential to become a high-value company and possibly exceed its previous all-time high of $67 per share in the next few years, it also faces significant risks that could impede its growth. Investors should weigh these factors carefully and consider their own risk tolerance and investment horizon before making a decision. Once the June 6 earnings report is released, I will make an update to further scrutinize earnings and revenue growth. At the moment, it seems a small long position in NIO at the current price would be fitting (low theoretical downside risk at just over $5 per share), although it might be best to wait for supertrend and OBV confirmation before making a hefty commitment. Omni out. Feel free to ask any questions or provide suggestions. This is not financial advice.Longby OmniscientInvestorUpdated 8815
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 OchlokratUpdated 6612
Vibranium Capital raises NVDA PT from 1150 to 2000+ boost and follow for more! ❤️🔥the NVDA hype continues, earnings aren't slowing down and shorts continue to get burned.. The split news is only adding more fuel to fire 🔥 I wont be surprised if NVDA is the most valuable company in the world soon, trend support zone will hold in my opinion. but time will tell.. good luck to all🙏Longby Vibranium_CapitalUpdated 4422
Can Roaring Kitty and WSB team push Gamestop to $184If u copy the price range #1 and add it to the high of 2008 We get a log price #2 This could be useful to have some insight to where #GME could possibly go if things go crazy! And it not only challenged it's ATH but goes on into blue sky territory. This is also extremely bullish for #crypto and #shitcoins Wild Degeneracy breeds FoMO and creates giant green candles where don't expect them #Memecoins Longby BallaJiUpdated 1114
$BA Megaphone pt.2Part one was an absolute Masterpiece and this reaction so far is proving the wizards thesis of load up right. Boeing took out any major whistle blowers ;p , the rest have nothing serious based off the fact they're still alive (jokes). But the "high" hand has been drawn for any followers of Proffesseas. Technicals showing bounce (mini cup n handle?) I think getting this at 2017 price is quite a bargain LONG TERM. 183.92 now. (Mid point of megaphone might make good strike price for LEAP calls) Longby Prophecies_R_UsUpdated 115
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 434397
Predicting a return to daily open for $GME. Here's why:Based on the chart for NYSE:GME , there's a compelling case to be made that the price will likely revisit the "open price" level indicated at the top. Here’s why: Reversal Patterns Indication: The chart displays a head and shoulders pattern followed by V-bottom formations. The head and shoulders pattern typically signals the end of a bullish phase, but the subsequent V-bottoms suggest strong buying momentum. This indicates that buyers are stepping in forcefully at lower prices, which often leads to a price surge back to higher levels. Support and Resistance Dynamics: The specific price levels marked on the chart identify clear resistance near the "Open to Current FIB Retracement (std dev)" and just above at the "open price". After the initial drop, the strong recovery hinted at by the V-bottom patterns underscores a robust buying interest at lower levels, likely pushing the price to retest and potentially break past the resistance at the open price. Volume Confirmation: Although the chart does not detail the volume data, the visible bars of green and red indicate significant trading activity during the recovery phases (V-bottoms). This heightened volume during upward movements supports a bullish outlook, suggesting that the price may ascend to higher levels, including the open price. Psychological Round Number Factor: The open price often serves as a psychological target for traders. It's common for traders to place buy orders near this level, anticipating that others will do the same due to its significance as a starting point. This can create a self-fulfilling prophecy that drives the price toward this level. Fibonacci Retracement Levels: The inclusion of Fibonacci retracement levels in the chart is noteworthy. These levels are widely used by traders to predict potential reversal points. The current price activity around these levels might encourage more trading based on Fibonacci strategies, aiming for a return to earlier highs, such as the open price. Thoughts?Longby joshuatseppichUpdated 336
Game Stop Bursting BubbleOn 05/14/24 GME hit a manic peak at 64.83 then crashed 73%. GME then retrace a little more than .618 of its prior crash. The peak on 06/07/24 was 48.00 and it closed at 28.22. RSI and Stochastic are far from oversold. GME has a good chance of declining down to at least 10.00. Shortby markrivest222
things may get spicy soon 🌶️🚀boost and follow for more 🔥 GME had a trend resistance zone break, retest, short trap below local support zone as the retest happened as well. I Like what I'm seeing, my moon senses are tingling ;) looking for a explosive rally to 30-40-58 once we can close above 19.74 long trigger 🎯Longby Vibranium_CapitalUpdated 323289
$NVDA exhausted and correction anticipatedHello Traders, Firstly, This is not a financial advice. This is just my interpretation of the technical aspects of price action. NASDAQ:NVDA has been shooting up lately and formed the structure, that is similar to textbook gaps. After the exhaustion gap the price is likely to correct. The dead giveaway will be a daily candle closing below the exhaustion gap.Shortby dauliyabishow7
GME - I took my profitsClosing under 47.50 will be a nice short.... the stock made a new monthly high so a movement until august, with a 2 weeks reaction #gmeShort01:52by dpopovici6