Reasons for bullish bias: - Basic DOW theory - Entry at HH breakout - Bullish divergence - Earnings post market today Entry Level(Buy Stop): 16.16 Stop Loss Level: 12.81 Take Profit Level 1: 19.51 Take Profit Level 2: 22.86 Take Profit Level 3: Open
It has tested and failed this strong resistance 4 times over the last 9 months. If it can break through it with this week's earnings release, then I expect it to become a strong support.
Amidst a turbulent period marked by declining stock prices and revenue woes, GameStop Corporation ( NYSE:GME ) finds itself at a crossroads in the gaming industry. Despite facing significant setbacks, including a staggering decline in stock price and revenue, the company maintains a robust balance sheet and strategic initiatives that hint at a potential...
It's the week before earnings release and looking at the previous earnings release, it seems a dangerous time to buy puts or sell covered calls. Not advice, only my opinion. You must do your own DD and what is best for you and nobody else.
Hi all, Since i'm not participating in this run, you can have it. imgur.com Data indicates it may occur tomorrow. Good luck.
Strong down from the last posting saying we were into important supports. Targets on one of the first postings of GME short here hit in the last swing down, but these levels did not hold as support - which may spell out much more downside.
Hello everyone, Hope everyone is excited as I am for this next move up. If NYSE:GME is able to break above $15.81 and hold it there with a 4hr or daily close, then price should move up towards $21. Conversely, if NYSE:GME fails to break above and hold above those levels, then NYSE:GME will fall down to the $12.40 area with a hopeful bounce at $13.50....
Hello everyone, Welcome back to another NYSE:GME analysis. Last time, I mentioned that NYSE:GME will bounce between $13-16 before earnings. If there is a daily close above $14.27, price will head to the first PT at $15.76. Above this, NYSE:GME should test $21.72. As always, not financial or sexual advice 🚀 Good luck!
I 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...
Ok, this one is for the ones willing to take risks, but the chart is worth a look given the meme/shitcoin frenzy that is going on right now. I wouldn't be surprised to see the price potentially double by the end of this week. The chart suggests we might see some significant activity soon.
Breaking out of descending channel after breaking out of falling wedge.
GameStop's Falling Wedge Formation: A Swing Trade Analysis Introduction: In the ever-volatile realm of the stock market, GameStop (Ticker: GME) has caught the eye of traders once again with its intriguing chart pattern formation. A closer look reveals a falling wedge setup, a classic bullish pattern that suggests a potential reversal from the...
Looking at the 4Hr GME chart, we can see the GME has broken out of the wedge and has formed a Cup & Handle as well and an Inverse Head & Shoulders. Also, the 15 min is showing a Bull Flag breakout. Bulls are out in full force. Quad witching is in 3 weeks also...
It's a bit early to celebrate, but i see decent signs of another GME run happening soon, at least within February. I i said, it's a bit early and the data needs several more days of prints to verify, if that's the case, i'd be setting this post to "Trade Cancelled" and i'd make a new one in it's place when its time. Now that warnings have been given, it looks...
3 Year Trend Line Wedge Break - We see $20? Huge Wedge
Hi everyone, Looks like leenixus wrote yet another hype post. These are 3 targets and the third being the top max. Earnings will be a different story, but until then GME will likely bounce between 13-16. Good luck everyone.
Will the future revolution be tokenized? Is this a dying retail company headed for certain doom? Seems Ryan Cohen has managed to turn around this company and the launch of GameStop NFT Marketplace trademarked under: "GMerica" The company is also now debt free and C is finding ways to take care of employees as well as bring value to GME How does the market feel...
Despite its pending return to the $50-$75 range, Gamestop likely has a timultuous road ahead as it tries to sustain relevancy in a time where games can be purchased and downloaded without ever leaving the comfort of one's home. There is also an increase of demand for crypto related gaming, where real world value is given to in game characters, and items. This is...