GME Quadruple Inside DayGME is printing a quadruple inside candle on the daily chart. Also holding right above the 200 EMA on declining volume. Due for a move one way or the other. 22% short float, so my guess is up, but we'll see!Longby SWRLSUpdated 5
Inverse H&SInverse head and shoulder on the 1hr chart. Looking for a gap up tomorrow. Consolidation should be about doneLongby kbra90
GME FailI thought GME had a good chance to rally after holding that trendline yesterday, but instead it gapped down below it and failed on a retest. Then we have a bear flag that has been broken to the downside. Rough day for the memes but I wouldn't be surprised if they squeeze at any time.by AdvancedPlays0
GME Path Update GME is set to have a huge day tomorrow, but look out below if it can't sustain here.Longby AdvancedPlays0
GAMESTOP!Hey everyone, technical analysis is mostly subjective and helps give us an indication, however I want to remind people to enjoy this price action and not get too involved in trying to make sense of it. Have fun! by Trader_Mayhem0
GameStop Jumps Again - Up 118%GameStop shares recently surged by 118% in two days, coinciding with the return of Keith Gill, known as "Roaring Kitty," who ignited interest with a cryptic social media post. This event underscores the ongoing challenge that meme stocks like GameStop pose to traditional financial analysis. Historically, GameStop experienced a massive spike in January 2021, with shares increasing over 2600% due to coordinated buying by retail investors on platforms like Robinhood and social media forums. Although the stock quickly lost nearly 90% of its value from its peak, showcasing the high risks of such volatile investments, it has shown signs of recovery. After a period of stagnation, GameStop's stock rose sharply by 75% on Monday and saw early gains of 113% on Tuesday before settling to a 60% increase by the day’s end due to selling pressure. With the stock's history of dramatic fluctuations, there is potential for surpassing its all-time high of $120, but significant volatility remains, with the $50 mark being a critical resistance level to watch. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.by Sublime_Trading0
GME recovery from Financial Institutions Halting and dumping dayPractically they have performed a reversal known equivalent as a rug pull generated by investors rally , this has lowered price while they take advantage of liquidity generated, for now S&D zone is being establish under Premium Price considering the ~200% 2021 target. Based on this the HH might be lowered to at leas a 30% , thus 60+ dlls which is considered a premium price is a risk free take profit zone. 81 dlls was the HH based to the above .75 points of the Gann box gains at very aceptable profit. But Holders might be looking to a 91dlls target at most. For this to happen the price needs to break discount price of ~62dlls and LL not touch or pass 43dlls. by a.garzaa.g120
[WSB] How to trade the GameStop Short Squeeze!r/wallstreetbets recently picked up the GameStop Stock (GME). Why? Because we basically have free money sitting here. GameStop struggled with keeping up with the growing digital gaming market and the price plummeted. With a strong focus on E-commerce, a strong brand with over 55 million PowerUp members and a solid team (Source: r/wallstreetbets "GME FULL STORY), we will most likely see further growth in the company in terms of revenue and stock price. I made this chart to verify important levels and an in depth trading-plan to reduce the risk as much as possible. Everything relevant is on the chart. The Cup & Handle Pattern is one of the easiest patterns to trade and extremly powerfull to extend a strong uptrend - which is highlighted by the Ascending Parallel Channel. Please make sure to place a Stop-Loss order and place your buy after the confirmation with a Breakout-Candle. Let me know if there are any questions and feel free to discuss in the comment section. cheers Longby ARESABIUpdated 171741
GME - BULLFirst shot on this Bull has arrived Here is a prediction for you all given the fact that the movie #Dumb #Money is out. This has 3 targets and yes it has officially just started. I would expect a drop to 10 with confirmed lower structure for the hold and switch. All relevant structure is applied and you will see what it does at each of the points so feel free to follow along as a demo of my plugin (#UBS). #GME #BULL I will add to this as the idea develops... The targets are Time-frame specific likewise the stops...Longby elitetechfx-dailyUpdated 9916
Gamestop strong buy above $25, next bounce spot $7.50 bearishGamestop's last line in the sand is $9.50-$9.70, where it bounced initially back during the first run up. The next bounce spot is $7.50 but momentum will be high to the downside. If this truly were to MOASS you would buy it at $25+ when it clears liquidity levels and develops upside momentum. Currently, this appears to be heading to zero. I would not have a position in this company. Shortby rook2pawnUpdated 0
4hr Cup & Handle breakoutWhat an absolute monster Cup & Handle on the 4hr. GME has been on quite the run lately. If this continues we could see another $3 to $7 gap up over the next week or so according to the Fib Ext. And being DFV is now active again, this may be the catalyst needed to spark the fuse on this weekly Bull Flag that has begun to finally breakout. Longby impossiblebull4411
Shares of GameStop ($GME) Stock Climbed More Than 13% ThursdayGameStop ( NYSE:GME ) stock has risen 13.1% to its highest close since December, marking a resurgence for the videogame retailer and original meme stock. The stock closed at $18.01, its highest since December 28, when it ended at $18.07. GameStop ( NYSE:GME ) shares also recorded their biggest single daily percentage gain since May 3, when they climbed 29.1%. Despite facing significant challenges, GameStop's stock price has surged, reminding investors of the 2021 surge from less than $10 per share to $120. Revenues in Q4 dropped to $1.79 billion, down from $2.2 billion in 2022, and analysts expect revenues for 2024 to be $4.9 billion followed by $4.7 billion in 2025. The gaming industry is changing, with people preferring to buy gaming consoles online directly from manufacturers or third-party sellers. GameStop's attempts to diversify its income have failed, with its entry into the Non-Fungible Token (NFT) industry failing. Despite this, GameStop ( NYSE:GME ) still has one of the best balance sheets in the industry, with little debt of just $17 million and capital leases of $386 million against cash and short-term investments of almost $1.2 billion. In 2023, the company made almost $50 million in interest income, helping it turn a small profit of $6.5 million. The daily Price chart shows that GameStop's stock price has soared due to a falling wedge pattern, which is one of the best-known reversal signs. Traders need to be cautious of a trend reversal as Gamestop stock ( NYSE:GME ) has a Relative Strength Index (RSI) of 75.89 which is in the overbought region.Longby DEXWireNews6
$GME Macro breakoutNYSE:GME Macro breakout, from 3 year downtrend on weekly. Previous trendlines sitting below 200D, show historical measured move (Yellow square). Longby Zia_trades7723
GMENYSE:GME 4 inside day candle/bull flag on the daily chart. Current position: 20C 5/17/24 1.14 Small Position .........................by KevinBurrows224
GME Breaking Down As ExpectedNot a surprise as I warned multiple times. Shortby RealMacroUpdated 48485
GME's rally takes it to the 76 resistance. Parabolic rally recently in GME. Gained a lot of attention but, as of yet, it's not broken out of the simple downtrend structure. In setups like this there's always a 1:3 - 1:5 RR trade fading the rally into the 76 resistance (Caveat of gap risk in stocks). If the downtrend is to continue, this should be about the end of the rally. Shortby holeyprofit223
GME, Potential Bull MarketGME is getting a double bottom on the higher timeframes, Similarly to the previous bull run that lead to a 4,500%+ run. I have the measure move slightly below the last ATH. with a Gold Pocket around $78-$81 Things to consider With the recent pump of 78% since it's recent local bottom, it may or may not be a good idea to enter, It's at a really strong resistance, Volume is lower that previous candles these sizes. It may pull back 15%-40% before continuing, if continuing. Thank you.Longby CryptoQueerLLC117
$GME 🚀 It's Moon Time! PT:$11.56 & $14.37Hello everyone, I know you all have been waiting for a big update. Here is the tea: First PT coming in at the daily at $11.56. Break above the daily and the next PT is at the weekly $14.37. These two will act as very hard resistance and if both are to break then we will head to the monthly at $21.10, but we will analyze that part when we cross that bridge. RSI indicates that GME is in the bull zone right now. The MACD is slowly curling up and if the lines cross above the 0 line, then that would indicate a very very bullish signal. If GME rejects the daily, then price will trend lower and will test the hourly at around $10.62ish. Anyways, there is room to run here folks! Strap in because this is just the beginning. $9.94 was the low and it won't be returning there anytime soon. Not financial or sexual advice.Longby SierrasTradesUpdated 7718
GameStop Corporation Technical Analysis.As of the latest market data, GameStop Corporation (NYSE: GME) exhibits a complex technical landscape that warrants an intricate analysis for potential investors or traders looking to navigate the volatility inherent in this stock. We will dissect the available data, which includes ownership structure, valuation, growth and profitability metrics, revenue streams, dividend history, technical indicators, and a one-year forecast, to provide a nuanced understanding and predictive outlook. Ownership and Valuation Metrics: The ownership structure shows a predominant free float with 87.18% of shares, suggesting a relatively high degree of liquidity which can both present opportunities for high volume trading but also contribute to potential volatility. With a market capitalization of $3.40B juxtaposed against a substantial price to earnings ratio of 515.57x, the stock presents a speculative stance, indicative of investor sentiment heavily pricing in future growth expectations. The price to sales ratio at 0.63x appears more grounded, providing a silver lining that the company's stock price may not be overly inflated relative to sales. Growth Trajectory and Profitability: The annual net margin trajectory suggests an improvement, with the margin turning positive in 2023. This reversal from previous years' losses is a bullish signal, reflecting an effective management strategy and potential operational efficiency gains. Revenue breakdown indicates a diversified portfolio with significant contributions from hardware and accessories, software, and collectibles, denoting a balanced approach that could mitigate sector-specific risks. Dividend History: GameStop has ceased dividend payouts, evidenced by a dividend yield TTM of 0.00%. This can be viewed as a strategy to reinvest in the company's growth or a reflection of the need to conserve cash, given the competitive retail landscape. Technical Indicators and Price Prediction: Oscillators like the RSI at 34.35 signal neither overbought nor oversold conditions, leaning towards neutral sentiment. The Stochastic %K and MACD indicators present a conflicting view with a neutral to bearish bias, suggesting that short-term momentum may not be in the bulls' favor. Moving averages paint a bearish picture, with significant selling recommendations across multiple time frames, pointing to a potential downtrend. The Ichimoku Cloud on the weekly chart is bearish as prices trade below the cloud. The conversion line (blue) below the baseline (red) further indicates downward pressure. Price Targets and Trade Strategy: Based on the technical forecast and pivot points, one could speculate that should the price action stabilize above the pivot point at $19.00, it may open the door to test resistance levels at $26.18 (R1) and $34.83 (R2). Conversely, a break below the classic S1 pivot at $10.35 could see the stock testing lower supports at $3.18 (S2), a level that would present a highly oversold state and potential buy opportunity for risk-tolerant traders. Based on the one-year forecast, the stock has a potential upside of +40.14%, averaging at -18.02% with a downside risk to -49.37%. A speculative target price could be set at $15.50, denoting a 40% potential increase from the current levels. However, this should be taken with due diligence and monitored closely for adherence to one's risk management protocols. Conclusion and Actionable Insights: Investors could consider accumulating positions if the stock shows resilience above the S1 pivot point, with an eye for a mid-term hold aiming for R1 or R2 targets. Traders might seek short-selling opportunities, provided the moving averages continue to indicate sell signals, particularly if the price remains below key moving averages on higher time frames. All entry points should consider the MACD and RSI for confirmation, and exits should be predefined to manage risks effectively. It is vital to monitor upcoming earnings reports and market sentiment shifts, as these could drastically alter the technical forecast presented herein.by AxiomEx1
$GME #GME GameStop price going upWhy is GameStop price doing what it is doing? It is clear that the price has nothing to do with Company news, investor sentiment or fundamentals and that the price is controlled within a fixed set of parameters. Main stream media, mostly owned and/or controlled by hedge funds, are used to try and make sense of it all for Joe Public. Longby vanzylik4
$GME massive squeeze incoming as $GME breaks multi-YEAR triangleNYSE:GME A massive amount of May out of the money NYSE:GME calls hitting tape. NYSE:GME attempting to break out of a massive multi-YEAR triangle. #DiamondHands 🍿💎👐Longby KevinJamesHughes229