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GAMESTOP CORPORATION

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GME trade ideas

Massive Falling wedge on GME weekly!!!!!!!!!!!!!Just wanted to point out that GME has now reached the end of this massive falling wedge on the WEEKLY. A breakout of this wedge could be absolutely massive to the upside. Also, the last time the Ultimate RSI was this low, shortly after we seen a 155%, $19 to $50 spike in just 14 days. With new legislation for reporting short positions and the pressure on the Hedgies to finally close out, this could be the move everyone has been anticipating. Not to mention the massive amount of DRS'd shares we have been seeing. Grab your fav snack and bev because the extravaganza is about to begin. GLTYA, and happy trading ✌️
NYSE:GMELong
by impossiblebull
12
$GME - MehHad multiple false positives over the past several months that showed this stock might've done something. This includes the latest false positive showing something happening this week. imgur.com Although it appears to be strong, it's still very likely a false positive. I had some money on this but i've exited my calls and gone for puts instead as i see it possible that this thing goes to $10.30 in the next 12 weeks. As i previously said, i won't be mentioning future GME runs. Only mentioning this one and the last few failed ones since they're done/failed. Too few people interested in this ticker, too many people holding stock and silently overtrading it for it to ever do anything significant at this point imo.
NYSE:GME
by leenixusu
5
Potential Inverted Head & Shoulders - GMEHere I have GameStop stock on the 4Hr Chart exhibiting signs of a potential Head & Shoulders pattern! GME hit its 52-Week Low last Monday so I believe this could be a great area for a potential reversal in the Bullish direction! www.tradingview.com The Neckline @ 14.30 has been tested twice now, once after the creation of the "Left Shoulder" and again after the creation of the "Head". Now what I expect for GME is for price to come down for the creation of the "Right Shoulder" with Pattern Invalidation at 12.90! -Pattern Prediction- *If price Breaks Down and Closes Below 12.90, pattern INVALIDATED! *If price Breaks Up and Closes Above 14.30, price action initiates my Trade Action Plan!
NYSE:GMELong
by Novi_Fibonacci
4
GME Weekly Death CrossThe weekly death cross on GameStop is nothing to play around with. A death cross is when the 200 moving average (red) crosses below the 50 ma (green) The first 2 times the death cross occurred (yellow circles) GME witnessed a 43% drop and 90% drop respectively. In the week of August 7, 2023, GME had its third death cross. Will the death cross play out and GME see more downside or is this a bull flag? With time, price movement will reveal itself. Currently GME has been in a downtrend since 2021. And for one full year the 50 ma has been acting as resistance and pushing price down. On another observation, if this downward channel, after a parabolic rise of 8,200% is a bull flag, then we need to carefully monitor which way price beaks out of this channel. Will it break below the channel and invalidate the bull flag, or will it break above the channel and possibly head higher?
NYSE:GMELong
by babychester
1
GME | Buy scenario | Wars and suchTLI 1 is based on a recent Swinghigh that served as a strong resistance level aswell as support in the past. In related ideas i linked to my last GME idea - sadly price didnt fullfill the requirements mentioned to take trade. So lets see if i get this time a trade. Requirements: - Price breaks above TLI 1 - Open and close of a candle above S/R Level 1 - Buy on retest of TL 1 Stop- Loss: None (Longterm play) Target: Next big resistance level Good luck Disclaimer: - This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor. - You trade entirely at your own risk - Make your own research - Finance and trading is evil, capitalism is bad, duh ;)
NYSE:GMELong
by a_tale_of_bulls_and_bears
2
GameStop: Remains In A Position to Break Bullishly From Its ZoneGME has been getting sold off with the macro for quite some time and it continues to push deeper and deeper into dangerous territory. At this point in time, it has pushed slightly below the 0.382/0.886 Confluence Zone and is now at the 200 SMA, but with that, we can see that the Local Bullish Shark can extend into a 1.618 Extension, so the Breakout watch is far from over on GME though we are getting towards levels where one may leave it alone. I would say that if GME breaks below $11.50, there would be a very distinct chance of it dumping down to $9.5, but if it instead holds above $11.5 and pushes back above $14.00, then we could instead see GME make a rapid move up to $18.00, which would be just high enough to test the supply line of our Channel/Falling Wedge. From there we could possibly break out of it and go for the measured move, but for now, I'd say one would probably want to have a short-term position to take profits on at $18.00 and a separate longer-term position to hold strong until GME gets the big measured move breakout to $74 - $134
NYSE:GMELong
by RizeSenpai
4
GME: Minuette cHave been watching this one. Thinking this is a good entry, not too big, so holdable, for now, if wrong, or it it moves up, stop at break-even. Looking for equities to strike a short-term bottom and pullback, then continue down. In the meantime, I think GME will catch the progressive retrace and rally, but when equities sour for the next many months, I think GME could thrive. Should be choppy, but over the correct horizon, I think there is long profit, here.
NYSE:GMELong
by CuzDelux
6
BULLISH DIVERGENCE ON WEEKLY:DOUBLE BOTTOM:MANIPULATIONAgain, more indicators of a bullish trend coming up soon. I'm not even going into explaining why I see this as one of the most undervalued stocks. The Retail interest remain high, and that is the main factor for a stock price, supply and demand dictates the price, well or it should be if market makers wouldn't cancel all the price discovery with their "providing liquidity" roles. ON the weekly we had double Bottom formation around Jan/Feb/March 2023, plus a small bullish divergence, price breaks out and them from 27 March 2023 we see a clear artificial push down . Again in June when price MACD on the Monthly was just about to turn we see another push down, this time coming to 14$.. I feel confidence on saying that this Bullish Divergence on the Weekly is the biggest confirmation (for trader, swing trades and everyone else out there trading and not investing) they should jump in on the buy side. Again, next earning early December could possibly turn this ridiculous price suppression around and we can finally see a clear and beautiful break out , Possible the Biggest ever seen. I don't expect MOASS, I expect company to keep showing good number and improvements, like they have been doing , and I expect great price swings with each news, a Tesla Effect all over again. (Remember Tesla? Enough people believed and even tho was the most shorted stock ever, that explain the 1000 NYSE:S a share , not on 1 week, with time aligned with each good news coming from them) Excited to keep following this and every week pay check buy a couple more.
NYSE:GMELong
by adrianogmatosuk
1
GME FORECASTPick you own target of the 3 and take time to just look at the financials i have added definitions for my too technical friends to gist This is a neater chart compared to the last that said all stocks are underperforming poor but growing OVERBOUGHT THEY ARE NOT MAKING MONEY BUT PEOPLE INSIST ON LENDING IT same goes for $AAPL lol Revenue 1.38B 7.96% Operating expense 418.50M 13.02% Net income The company's earnings for a period net of operating costs, taxes and interest -157.90M. -136.38% Net profit margin Measures how much net income or profit is generated as a percentage of revenue. -11.46 -119.12% Earnings per share Represents the company's profit divided by the outstanding shares of its common stock. -0.5 -362.22% EBITDA Earnings before interest, taxes, depreciation and amortisation is a measure of a company's overall financial performance and is used as an alternative to net income in some circumstances -102.90M -378.60% Effective tax rate The percentage of their income that a corporation pays in taxes -2.27% that earnings per share proves that hedgies dont need to keep holding trash like this buffet sama dropped some underperformers and others are to follow suit SENNA SEASON
NYSE:GMEShort
by Bekiumuzi_Dube
5