GS2C trade ideas
GameStop (GME) hitting macro technical range In this video I go trough some very very generalised/simplified overview of GameStop financials and the stock chart.
I'm taking note of things that look good and things that don't from my personal perspective (hey! everyone has their own opinion).
As you have both going on but overall at this present moment while information doesn't change significantly I could say I'm very bearish on this stock but in the short term there likely a possible corrective move to get everyone hyped.
Tune in for the video for some entertainment and my general market comment on this stock.
$GME - UpdateFor those overoptimistic about yesterday's post market news on $GME, I've brought you a sobering chart today.
I count at least 4 attempted breakouts above the elephant in the room, that downward sloping yellow trend line, which has been neatly respected by the price. None of these attempts resulted in a long term break of structure.
Does that mean the line won't break? The price is trading against a long term resistance area in this market, that has been rendered support, after the infamous happenings back in the beginning of 2021. Right below that threshold lies the humble demand area from where that gargantuan bullish candle exploded in January 2021. What does this mean? Although different timeframes, different strategies allow for virtually limitless ways to make money in the markets ... Being bearish here won't make your pursuit easy.
What then?
For the bulls out there ... how about waiting for a confirmed close above this trendline ... in this timeframe?
Cheers
Tenacious Tribe - Back Tested Trading Strategies & Quantitative Studies
GME >2kCall me crazy, I dont care. Gamestop holding historical support after retracing .886. any breakout outside this channel could sent GME to mars. Measured move, $2k....
GME will continue deep downPrice will test again the main support located at 88 till end of the week. Tomorrow we will have a pullback up, maybe spike above resistance, because of massive averaging. I wish to be wrong with this because of many small investors who will hold till end.
gme sloping resistance breaking move soon No Debt
$800M cash on hand
Cash Flow Positive
Trading at less than 2X assets
Cutting edge Beta NFT Marketplace
Board are all shareholders and were granted shares well above current price
~1/3 shares outstanding directly registered in Computershare
GME: sell ideaOn GME as you see on the chart we have the breakout of the support line and also the vwap so we will have a big probability to have a downtrend.Thanks!
$GME: Bullish Deep Gartley Trade Idea Remains ValidEarlier, GME hit the Stoploss level of the Previous Chart Idea, but it did not make a new low and has since gone back to the 0.886 PCZ level and is making a Second Level of MACD Bullish Divergence as a result. Due to these factors I think that this Bullish trade Idea is still alive and upon zooming out I can see that this could be a more Macro Double Bottom that could set us up for a Bullish Dragon Breakout in the coming weeks. If we break above the trend line we could see a rally to the 0.618 retracement, which would be a doubling of the current price.
GME Headed for Double Bottom Reversal as Market SlidesRegardless of what /r/Superstonk says, GME is headed for a Technical Double Bottom, which will lead to a "go-up". There's a bunch of other factors (go read what Superstonk has to say) that are probably going to make this stock rocket, but technically it should go up at this point. We may see it play up to nearly 30$ by the end of May.
At this price point of about 15, you can double your money in two months. Keep an eye on it. I personally just bought in I'm so confident.
GME: Sell ideaOn GME as you see on the chart we will have a big probability to have a downtrend.Thanks!
$GME: Perfect Bullish Deep Gartley on the DailyGME may be setting up for a rally towards the $20 area as It's recently broken out of a long term up trending channel but has formed this nice looking Bullish Deep Gartley that could send it up to atleasat backtest the channel or the moving averages as resistance.
I think there’s going to be a little pull backPull back before earnings then I think it’ll crash suiiiiiii
GME: Sell ideaOn GME we have a sell idea as you see on the chart because we have the breakout of the vwap and the support line.Thanks!
Did this chart a while back Seems like it’s following so far so maybe could follow the rest of it let’s see yolo
Gamestop DowntrendTrend: Downtrend
Trendline: Lower high and lower lows
Short on strength
Entrt: Based on FIB 0.382 (18.35): Near the trend line: Sellers control with red canldes
SL: 19.37
TP:17.35
GME: Sell ideaOn GME we have a sell idea because as you see on the chart we have the breakout of the support line.Thanks!
think this is now going to range between the high 17s and mid 19 lets see what happens :) i think this will, however it could not
$GME - Run next week 28 FebTelling you that there's a run next week is a horrifically bad idea both for me and you. By buying GameStop you'll force whoever is selling you that stuff to go short in order to sell you whatever you're buying and that'll cause another one of those nice tumbles down to some dumb price like $14.
So here i am doing that dumb thing, telling you that there's a run next week which will cause the run not to happen because everyone knows now. A market watched never boils over...
Here it is:
imgur.com
There's the classic dip & wedge up. The market wil run up for 35-45 days with maybe a minor correction in between. The run starts any time within the next 4 days or 15 ish days. I'm betting that it's starting next week although it is also highly likely it will start on the 3'rd or 7'th.
GME: Buy ideaOn GME as you see on the chart we have the breakout of vwap and the resistance line by a big green candle with a large green volume so it's mean that we will have a big probability to have an uptrend.Thanks!
