GME Initiation wave C of a corrective sequenceI believe that GME is in it's third corrective wave after completing wave B this morning. I have been following this cycle for a while now and I think that this is the most probable scenario. GME was teasing the major trendline the last few days and has formed, what Thomas Bulkowski would call, a "three peaks and a spike". According to Bulkowski, the downtrend PT should be around 125$. However, the elliot wave analysis suggests that wave C would end in the purple box. My guess is that $125ish would be a support regionj but the price will continue the downtrend up to the purple box.
GME
GME: Meme stock buy!GameStop -
Short Term - We look to Buy at 121.05 (stop at 106.04)
The trend of higher lows is located at 121.00. This is positive for sentiment and the uptrend has potential to return. Prices expected to stall near trend line support. We look to buy dips. Further upside is expected.
Our profit targets will be 166.95 and 180.00
Resistance: 167.00 / 200.00 / 240.00
Support: 121.00 / 80.00 / 40.00
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Back in the GameGameStop
Short Term
We look to Buy at 118.26 (stop at 110.74)
Preferred trade is to buy on dips. 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 115.39 found buyers. Further upside is expected although we prefer to set longs at our bespoke support levels at 120.00, resulting in improved risk/reward.
Our profit targets will be 147.26 and 180.00
Resistance: 150.00 / 190.00 / 200.00
Support: 120.00 / 90.00 / 77.00
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GME Summer (Daily Candles Analysis)This is my first attempt at making a future prediction using chart analysis. I would love opinions and feedback. I am not a professional, I have only been doing this for a year or so and I have no education in finance.
I think you will see GME continue on its new uptrend through the summer with a huge breakout towards September/October. I think you may see it hit near $111 in the near future. If it fails to bounce off of the $110 range then I would expect it to drop back down to test its main level of support around $80.
If it finishes the other half of the cup and handle, the I would think it would reach $250 before you see a retracement to begin the handle of the cup.
GME looks strong and I am excited.
SPY Wave Theory Update: Impulse Wave CompleteAs my previous post regarding wave theory analysis of SPX, it seems that impulse wave defined by B (White Secondary Cycle) has seemingly reached its peak.
My analysis is inferring a "Double ZigZag" corrective pattern following the end of our primary cycle represented by Yellow path.
Double ZigZags typically retrace anywhere from 0.50 to 0.79 Fib levels in respect to its primary impulse wave upwards.
Highlighted boxes show both BEST and WORST Case scenarios for this pattern to reach its finale, once bottomed, our final corrective wave within the zigzag would be shown as "Y" (Yellow Primary Cycle)
Using solely wave theory to find bottoms and corrective patterns can be difficult which is why I look for confirmation elsewhere, such as declining volume as price rises which we can see has happened in our most recent impulse wave B (White) , as well as RSI topping out in respect to its trendline, further confirming the trend.
Next zones to watch are Fib levels between 0.50 (3500 SPX) , 0.61 (3200 SPX) and 0.79 (2800 SPX).
Refer to my previous post which I included as a related link for further explanation.
GME yet show signs for Double in Price on Long term After Covid-19 Pandemic GME had e bubble no one expected from a single digit Stock to $486 and since then made a long correction down to this current price $145,i expect no further New low for this stock ,below $85 my analyses would be wrong ,which by other means it could be at all ,cuz we always talk from Propability based assessment ,as long as price is showing Upside potential and making Higher highs ,price could double in this Stock and reach at our honest opinion $760 ,it could happen this year ,or the new year to come . For me GME is a stock to keep an eye on ,as we are talking about Risk to reward ratio of minimum 10.to Maximum 21+.Happy Trading and Investing for All Guys .
GME - BK 2023 / Extend / Pretend / DefendLeap Puts a real Value Proposition.
We're adding 102/20s to Jan 19 2024s as this Junk gets shoved back up.
Bankruptcy is dead ahead.
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GME has $42.2m of debt in April 2022, down from $48.1m, one year before.
The balance sheet shows it holds $1.04b in cash, so it actually has US$992.8m net cash.
In reality - $1.13b falling due within a year, and liabilities of $547.9m due in
addition.
All they are left with is to keep the Game afoot, share buybacks to prop until the
June 2023 Debt default as they hold less in Fungibles to prop after Bond Payment
#1 is due, #2, they simply cannot afford it.
Buy a Gold Mine I suppose.
$BOXD Could Pull A $RDBX In the Next Few Days - S/S + CatalystsSales 2021 = $177,000,000
Current MC = $127,000,000
Andrew Pearson Independent Director of $BOXD picked up 36% more shares in the last week.
Insiders own 9% of the Outstanding
Institutions own 39% of the Outstanding
38,700,000 Float
8% of the Float is Short
$BOXD Will also be added to the Russell Index on Monday the last time a stock got added to it, $REV it shot up 500%
Looking for a good move on this one stay tuned.
GME (GameStop) - June 23hello?
Traders, welcome.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(GME 1W chart)
Resistance: 189.82-214.14
Support: 101.74-121.53
If the 121.53-189.82 section moves sideways, it is expected to rise further.
As it rose above 121.53, it is expected to continue the upward trend from a mid- to long-term perspective.
Below 90.37 is the demarcation point between an uptrend and a downtrend in the long term.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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$GME - Not sure about this one, but i'm all in.Hi everyone,
Even though i wrote DD on this June run, it actually happening also caught me off guard as well as OCC lending data and Swap data for GME, XRT, BBBY, AMC didn't show any strong indications of a run this month. What seems to have happened that caused today's pump is XRT Put Selling on Friday which is an event that happens the Friday before a week where a stock like GME/BBBY and etc run up.
I honestly wasn't expecting this Put Selling to amount to much for June and that's why i didn't make a post update about June's run, but here i am in the end...
To be clear, i am not sure what's about to happen. All my data points to nothing, whilst other people's data and DD points to a run and this makes me extremely confused. Because of my confusion, i did what anyone in my position would do and that's to put my entire portfolio on several of the stocks that could runup a lot tomorrow.
The majority of it is on GME. The rest is on BBBY, NIO, RBLX.
This isn't DD nor is it financial advice. I honestly have no idea what's going to happen this cycle. I was expecting nothing out of June, but it seems that there might be something. We'll find out tomorrow. I've marked the total duration of this run IF there will be one. Also i've marked the possible price targets for both tomorrow and next week Tuesday.
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To remind you of the cycle DD, basically every 3'rd Friday of the month (OPEX) that month's options or quarterly options are netted and the net result is pumped into the market the next Tuesday. If Monday is a Holiday, the effect is that that net amount hits the market +1 day later, or in our case tomorrow (Wednesday). Today was basically Friday's Put Selling Fart as i understand it. If there is going to be a run, it's to be seen tomorrow.
If there is a run, i expect the top to be in by Tuesday next week, but regardless, if there is a run, tomorrow will show this. I expect around 12% upside on tomorrow June 22 and a total of around 40% upside by next Tuesday IF there is truly a run here an to be clear, my data shows there isn't but other people's data shows that there is... so... i have no idea what to do. I'm in until tomorrow with everything i have.
Again, this is not investing, this is not DD, and this is not financial advice. Do your thing whatever that is responsibly.
The actual run i've discovered is on August 2 and August 8. Not the days in between, but those specific days. I'll be making DD on reddit about this eventually. It has to do with AMC, GME, BBBY, XRT swaps as well as their OCC lending volume data and how AMC and XRT are being used as hedging collateral in the OCC. Where XRT cannot be used anymore, AMC is used and where AMC cannot be used anymore, XRT is used. For this run, it's AMC's turn to be the hedge which is why i'm not very bullish about things as in the past when AMC was used as the hedge, GME was prevented from running (See March, June 2021).
Again, not DD, NFA. Be careful out there. I'm not too confident about this one (yet i'm all in, go figure).
fintel's top Gamma Squeeze candidateHere's a name most have probably never heard of that has potential for 285% underlying return. THCA (Tuscan Holdings Corp. II) "intends" to merger, share exchange, asset aquisition, stock purchase, recapitalization, reorganization, etc., with business entities in the cannabis industry . It is likely so heavily shorted because from what I can gather, they have really only stated intent and not demonstrated anything material in the Cannabis sector (if I'm wrong correct me, its such an obscure operation really not much on it). But they are active it seems, the 2 main news headlines I can find recently are: "Surf Air Mobility to go public through $1.42B merger w/ Tuscan Holdings Corp II, accelerating rollout of industry leading hybrid electric aircraft...," and "THCA gets non-compliance notice from Nasdaq" --- which is pretty bad@** right?
Take a look at this short data:
Short Interest Ratio: 2.26 Days to Cover
Short Interest % Float: 54.63% - source: NASDAQ (short interest), Capital IQ (float)
Off-Exchange Short Volume: 8,916 shares - source: FINRA (inc. Dark Pool volume)
Off-Exchange Short Volume Ratio: 24.26% - source: FINRA (inc. Dark Pool volume)
Short % inclease/decrease: +28%
Net Call OI % Float: 186.21%
There are 2 catalysts I see that could get this going enough to trigger a hefty squeeze:
1. THCA reports progress on the Surf Air merger, OR they simply announce some new merger(s), etc.
2. They get the kickstart (without doing anything) indirectly in this market environment - I think this is a very dangerous market environment for shorts righ now in general. Everyone who doesn't know elliot wave thinks BTC and S&P and going to crash, there is so much FUD going on its actually hilarious (when in reality wave 5 is about to start for BTC and S&P taking them to new ATH by end of 2022/early 2023... when this begins (soon), heavily shorted names like THCA will take off on a spaceX rocket to the moon. BIg players like TSLA, GME, BYND (oh you're in for a treat, the setup and catalyst are in the bag baby) are already threatening its squeeze-time kicking off as early as next week.
On my chart I listed 3 targets:
- initial target = 11.50 is near-term w/ or w/out a squeeze, just based on the chart and statistics of the price action dynamics
- intermediate target = 16.28 is mid-term even without a squeeze unfolding (just using the proportional increase in successive pops and extrapolating accordingly)
- minimum squeeze target = 20.20 - and that is conservative, based on the short data if it gets going it could pop to 32-40 (it then becomes a fast sell at those levels)
*** This is a high reward/low risk play here because its essentially traded at 10 its whole public history, on average, and I see 10 as support (so risk ~ 38 cents hah)
Not financial advice but I'm playing shares and Nov 18 2022 10.00 calls for ~ 1.00 and looking to sell at ~10.00 when it hits 20.20.
Clear Vision, cloudy eyes.
Regards,
Billy Walters Jr.
Home WreckerWhen I was a kid my parents and teachers used to tell me silly things. Like...
"You can't beat the system."
"Don't bet against the house."
...
"Pull your pants up."
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And I went through life... well, just playing video games and beating everyone on every system.
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And then I met GME... so now i'm going to beat the house, with my pants down, and I'm going to bet on it.
That pasted image of the weekly chart... look familiar?? HA HA HA
Sincerely,
Frank Underwood
P.S. this vision came to me in the flames within a dream within a shroom trip within a peyote trip at a campfire within a reservation where its legal (double combos everywhere)
357
357
357
Playin' hard to get...Ok whatever, change of plans, still moon just different path to target and revised target... what do you expect? This is GME.
I said everything I want to say on the chart, I'll probably have to file bankruptcy now but probably not. It's not about what I want, it's about what GME deserves.
Yours truly,
Hobo
GME: 50% run to $176Hello everyone,
Sierra here, we sort of filled the gap @114, and the only remaining gap left is @90. To fill or not to fill... is the question. The feds printing money tomorrow so we'll see how that will play out as it usually leads to a rally. I'm expecting us to at least touch 138 tomorrow and then red going into Friday and possibly early next week. Potential fireworks going into next week!
Not financial or sexual advice. Good luck apes!
$GME - Single Day Runup Event on the 7'th of JuneNot Financial Advice.
Based on new research i haven't yet released due dilligence on, i've discovered another indicator that tells us 1 exact date where a price move for GME and some other stocks like BBBY etc are going to happen. I'll be posting the new due dilligence on this indicator once i've seen that it actually works.
Based on the data i got out of the OCC's site, and if i've understood it correctly, there will be a 1 day runup event tomorrow with an upside or downside (most likely upside) of 25% on the underlying for GME. Can't tell much about the other stocks.
Just like GME suddenly ran up on November 3 2021, Feb 7 2022 and on a few other dates, the next single day runup event is basically tomorrow Tuesday June 7.
The details of how this works will be posted on reddit on /r/fwfbthinktank once and if this theory turns out to have bones. And of course if this works, i'll be able to tell you all the next dates of similar run ups for GME.
Not sure when i'll be entering this trade, it'll be either today EOD or tomorrow on open. My PT for this is $165 or +25% from today's closing price. And as a reminder, this could be a negative -25% event too, but i'm 80% confident that it'll be a positive runup and not a negative one.