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GME

LRC, LOOPRING, HOW MANY LOOPRINGS DO YOU THINK SONIC COULD EAT?Something is going on with this coin on the technical side. There is literally no downside target that I can see right now, so I just labeled in MASSIVE SUPPORT TREND. It looks like it is really close to making a move to the upside. Somewhere around .8 Then it will likely hit some resistance there, but has a lot of potential to keep building support and climbing. This coin looks incredibly bullish right now. Things can change fast and if they do it will likely be a break of this trend (green). The run up can take it to .45 and maybe a little higher, but the buy the dip price looks to be around .245. which would then take price higher to over 1 and beyond. I'm gonna go with 3684 looprings for sonic. What even is a loopring? I'll attach more crypto TA to this idea. oh and don't follow the guideline, pay more attention to the trends and price zones.
COINBASE:LRCUSDLong
by nicktussing77
17
$SPY $537 Fair Value Gap fill incoming imoFVG sits below at $541.61-$536.89 ..... Current 6 count could prove bearish into the 7th count on 10D chart. Very interesting chart showing what would essentially be a Bearish Harami off this Inside Doji. The 10D candle starts tomorrow 7/23 and ends 8/7 so basicaally accumlate as many puts as possible between then and now. If we move above the Open on the Doji at $554.54, then we can start talking about bullish behavoir. For now though, the gap above at $566.7 was rejected and I will be looking for a downside move from here to $540 as previously noted in a recent session. Chao.
AMEX:SPYShort
by TazmanianTrader
2
GameStop ($GME) Technical Analysis: A Harmonious Bullish Journey### GameStop ( NYSE:GME ) Technical Analysis: A Harmonious Bullish Journey #### Current Financial Data As of the latest market close, GameStop Corp. (NYSE: GME) is trading at $24.43 , reflecting a change of 1.75% from the previous trading session. The stock has a market capitalization of $8.58 billion, with a 52-week range of $9.95 to $64.83. The average 5 day trading volume stands at 12,258,820 shares. #### Long-Term Harmonic Bat Pattern Since reaching an all-time high (ATH) on May 14, GameStop's stock has been slowly carving out a harmonic bat pattern on larger timeframes. This pattern, known for its predictive power, suggests a potential bullish reversal. The bat pattern is characterized by its specific Fibonacci retracement levels, which GME has been respecting, indicating a well-structured technical setup. #### Falling Wedge Formation Around July 1, a falling wedge formation was observed, typically a bullish continuation pattern. This formation indicated a consolidation phase within a broader uptrend, providing a precursor to a potential breakout. True to form, GME began to show signs of upward movement following this pattern, marking the beginning of a new bullish phase. #### Price Movement and Momentum Post- July 1 , GME saw a price retraction to the $23.37 mark. This pullback was instrumental in building bullish momentum as traders accumulated positions, anticipating the next leg of the harmonic pattern. The slow price retraction allowed for the formation of a solid support base, critical for the upcoming bullish journey. #### Resistance and Targets Currently, GME is approaching a significant resistance level at $31.69. Breaking through this level is crucial for further bullish progression. Upon successfully overcoming this resistance, the first target stands at $37.78 . This target is strategically placed just before another anticipated retraction around the $32 mark, providing a healthy correction and consolidation phase before the next bullish surge. The second target is set at $53.44 . Achieving this target would mark a significant milestone in GME's bullish journey, completing the second leg of the harmonic bat pattern. This level aligns with the 161.8% Fibonacci extension from the initial price move, reinforcing its technical significance. #### Technical Indicators Several technical indicators support the bullish outlook for GME: .**Relative Strength Index (RSI)**: The RSI is currently trending upwards, suggesting increasing buying pressure. **Moving Averages (MA)**: The 50-day MA is poised to cross above the 200-day MA, forming a 'Golden Cross', typically a bullish signal. **Volume**: Trading volume has been increasing, confirming the bullish momentum as more traders participate in the rally. #### Conclusion GameStop ( NYSE:GME ) is currently in a technically significant phase, with multiple bullish indicators aligning to suggest further upward potential. The formation of a harmonic bat pattern, coupled with the recent falling wedge breakout and subsequent price movements, sets the stage for a bullish continuation. Traders should watch the key resistance level at $31.69 closely, as breaking this would open the path towards the first target at $37.78 and potentially the second target at $53.44. As always, while the technical indicators provide a strong case for a bullish outlook, traders should remain vigilant of market conditions and news that could impact the stock's performance. Happy trading! --- *Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research and consult with a professional financial advisor before making any investment decisions.*
NYSE:GMELong
by wikitrades
3
$GME the new hedge?I've analyzed the GameStop stock NYSE:GME and S&P 500 AMEX:SPY data from 2018 to 2022 to identify instances where GameStop's stock price rose significantly while the S&P 500 fell. **Event 1:** January 28, 2021 - February 8, 2021 * GameStop's stock price rose by 73.5% from $18.92 to $32.97 * S&P 500 fell by 2.3% from 3,875 to 3,785 Event 2:** March 24, 2021 - April 2, 2021 * GameStop's stock price rose by 41.1% from $60.65 to $85.53 * S&P 500 fell by 3.9% from 4,196 to 4,034 Event 3:** July 19, 2021 - August 16, 2021 * GameStop's stock price rose by 34.4% from $111.67 to $150.67 * S&P 500 fell by 2.4% from 4,443 to 4,323 Event 4:** September 13, 2021 - September 28, 2021 * GameStop's stock price rose by 22.2% from $134.72 to $164.85 * S&P 500 fell by 2.1% from 4,532 to 4,435 I post more in-depth analysis on my socials, but I expect Game-Stop to thrive in the month of August 2024. Maybe Gamestop will become the new hedge against market turbulences. I am also curious to know how the CEO will put to use the money he has accumulated from the company, maybe me and Roaring Kitty become friends in the future
NYSE:GMELong
by Time_Oracle
$GME - First signs of something possibly happeningHi guys, My data didn't show the last couple of large spikes making me think they were completely related to DFV's forced MM share buying to hedge which is why i didn't post anything. Now i'm finally seeing small signs of something possibly happening. Nothing concrete yet, still the begginings of what might be something. My algo printed a buy for GME and it's the one that kinda predicted big pump to $75, also other data partially confirms this is not a false positive print. I plan to open a small position at some point just in case. Won't be sharing the position here as GME is an important trade and i don't want my trade to be affected by various factors caused by me sharing my position. imgur.com My data shows a spike in the blue line data which is significant. It it continues rising, then we'll see a price pump eventually. That's all i can say for now.
NYSE:GMELong
by leenixusu
11
Don't Sleep on Game Stop (GME) - Time to Buy Again!Gamestop has seemingly lost steam in the past few weeks and the hype may seem like it's over. Ignore all of the fundamental talk about GME going nowhere and focus on the Technicals. The Technicals are still in play here for GME to continue to push upwards. We have created a strong support area ~$22.25 and that area has been tested several times now and continues to hold. We've been consolidating for over a month now, and have just seen a bullish Break of Structure on the H4, signaling that this baby is ready to start moving again. The volumes haven't started picking up yet, so it may take a little more time....but this is where "smart traders" should be getting back into GME. Since we have had a few pushes up previously to the $40+ range, it won't take much at all for this to skyrocket back to those levels. Time for a long position here at ~ $25-$27, with a HUGE Risk to Reward Ratio...5.5+. Stops should be just below $22, and targets are initially $49, then $65. Overall a ~$5 risk with a $22-$40 reward...I'm taking that trade all day every day!
NYSE:GMELong
by bigkid803
PULTE GROUP (PHM), THIS DUDE GIVES AWAY LOTS OF MONEYYou can follow the ceo on twitter. He often has live streams where he obviously talks about his company among other things. He also gives away a lot of money. It seems he genuinely cares and enjoys giving away money. It seems partly for his image, but imo, he created a win/win. With the amount of money he has given away, he's earned some good publicity. (I've never received money as a disclaimer, I mention this because a lot of his twitter feed is about giving) He talks about GME and BBBY often. Flys a chopper. Won't give me a ride. For his stock. Honestly, he seems awesome, but his stock is getting to the scary zone. Now, I say this because even though it is a scary zone, there is a lot of potential upside momentum can carry the price to. So, earnings on the 23th is important to note. It will likely have an effect on price. I assume from the looks of things, price might see a decent upside movement to 125-145 range and then see a significant downside before recovery. I think I labeled most of the important things on the chart.
NYSE:PHM
by nicktussing77
14
GME + Another Live?In the Fibonacci retracement indicator, using the 0.382 level as resistance and the 0.236 level as support has specific implications: 0.382 Level as Resistance: When the price approaches the 0.382 Fibonacci retracement level from below, it often acts as a barrier that prevents the price from rising further. Traders view this level as a potential selling point where the price might reverse downwards. If the price repeatedly fails to break above this level, it confirms its role as a strong resistance. 0.236 Level as Support: The 0.236 level is considered a support level when the price is approaching it from above. It acts as a floor that prevents the price from falling further. Traders might look at this level as a buying opportunity, expecting the price to bounce back up. If the price holds above this level multiple times, it reinforces its status as a strong support. Green or Red Dildo Party? 😂😂😂😂
NYSE:GME
by alcoholic-semen-thrower
GAMESTOP Can it repeat the crazy run of 2020/21?GameStop Corporation (GME) has been consolidating during the past 2 weeks and lately have found support exactly on the 1D MA50 (blue trend-line). Early in May it gave the first signs of breaking above its recent 3-year Bear Cycle. The rise was almost as strong (+520%) as the one that made a temporary high on October 22 2020. Both formed a 1D Golden Cross. The main support of 2020/2021 was the 1D MA50, so technically as long as it holds (even a marginal break would be ok), the probabilities for a new High remain alive. Practically the sequence that led to the recent bottom is quite similar to 2019/20. If history keeps repeating itself then we could be looking at a +18630% from the bottom, which price-wise is translated to $1800. The times are of course different and GME's whole move was based on the 'meme' retail investors crusade against the big hedge funds that were shorting the price. Also those were post-pandemic times with very low interest rates and cheap money that could easily be diverted to extremely risky assets such as GME. Volumes were more easy to be achieved. Do you think history will be repeated? ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:GMELong
by TradingShot
9
$GME: Summer rally inbound. Strap in!!!Hello everyone, I’m back with another analysis. First, a quick nod to Leenixus for the incorrect predictions over the past three years, which unfortunately misled many. Let’s review some history. During 2020-21, the indicators were overwhelmingly bullish, with hourly, daily, and weekly measures all above the monthly. This setup led to a wild, rollercoaster ride in stock prices. From 2021 to 2024, the indicators aligned bearishly, resulting in a gradual downtrend. It wasn’t until the hourly and daily crossed above the weekly that prices tested the monthly levels (refer to my previous post for details). Looking ahead, I anticipate a significant surge in the coming weeks or possibly the next month, should the weekly cross above the monthly. For this bullish cross to materialize, prices must maintain above both the monthly and weekly levels. This transition may not trigger an immediate reaction, but I expect a price movement similar to what we saw from December 2020 to January 2021. Our price target is derived from a Fibonacci retracement from the high in March 2021 to the low in April 2024. For GME to reach new heights, it will need to overcome resistance in the $30-40 and $60-80 ranges. Breaking above $80 could propel the price to test $120, and beyond that, we might see it soar to $200 or higher. As always, this is not financial advice . Happy trading!
NYSE:GMELong
by SierrasTrades
1
GME Gamestop Technical Analysis and Trade IdeaIn a recent video, I covered a trade idea prior to the Gamestop (GME) bull rally. Since then, we’ve observed a significant bearish movement. I’m closely monitoring the current price level for another potential buying opportunity, provided that price action aligns with my analysis from the video. The market is currently moving sideways, and if we wait for increased volatility above and below the range, we might be able to capitalize on a bullish trend by entering a break re-test and fail of the range on the 15-minute chart if we see higher highs/lows forming. The video covers critical elements, including trend analysis, price action insights, market structure, and a potential trade setup. Always exercise prudent risk management when trading, and keep in mind that this information is purely educational and not financial advice. 🚀📊
NYSE:GMELong
by fxtraderanthony
13