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GME Gamestop Technical Analysis and Trade Idea👉 In this video, we closely examine GameStop (GME). The stock has been range-bound for some time, showing lower highs and lower lows, indicating a slight bearish trend. Despite this, my focus is on a potential long position rather than shorting the stock. We explore a possible buying opportunity if the price action aligns with the scenario discussed. If the price continues to decline, we will abandon the idea. In the accompanying video, we delve into the trend, market structure, price action, and other crucial elements of technical analysis. Remember, this video is purely educational and not financial advice. 📊✅
NYSE:GME
by fxtraderanthony
13
Gamestop to breakdown from a descending triangle.GameStop - Intraday - We look to Sell a break of 23.28 (stop at 24.72) Daily signals are bearish. Price continues to trade within the triangle formation. The bias is to break to the downside. Support is located at 19.50 and should stem dips to this area. Our outlook is bearish. Our profit targets will be 19.66 and 18.66 Resistance: 27.00 / 28.00 / 30.00 Support: 24.00 / 23.50 / 22.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:GMEShort
by Saxo
1
GME Initiation wave C of a corrective sequenceI believe that GME is in it's third corrective wave after completing wave B this morning. I have been following this cycle for a while now and I think that this is the most probable scenario. GME was teasing the major trendline the last few days and has formed, what Thomas Bulkowski would call, a "three peaks and a spike". According to Bulkowski, the downtrend PT should be around 125$. However, the elliot wave analysis suggests that wave C would end in the purple box. My guess is that $125ish would be a support regionj but the price will continue the downtrend up to the purple box.
NYSE:GMEShort
by Sangeeny
5
GME: More bleeding expected!!GameStop Short Term - We look to Sell at 91.90 (stop at 108.16) The primary trend remains bearish. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. Further downside is expected. Preferred trade is to sell into rallies. Our profit targets will be 57.10 and 40.00 Resistance: 92.00 / 94.00 / 96.00 Support: 81.00 / 79.00 / 77.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:GMEShort
by VantageMarkets
2
Game Over for GME? GameStop - Short Term - We look to Sell a break of 118.66 (stop at 132.19) Rallies continue to attract sellers. Daily signals are bearish. Trading volume is increasing. The bias is still for lower levels and we look for any gains to be limited. We look to set shorts in the early trade. Our profit targets will be 62.74 and 42.00 Resistance: 160.00 / 200.00 / 250.00 Support: 100.00 / 50.00 / 40.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:GMEShort
by Saxo
7
GME is over big On the volume indicator, I can see distribution on the shares the bulls have collected their profits, letting the bears enter the rally, In January 2020 the GME stock has got a huge pump coming from social media like Reddit and Twitter, which prompted the platforms to limit the number of shares purchased as a maximum, and prevented some platforms from trading the stock, the stock now is on the pump and dump rule, if there is a piece of bullish news the share will go high, we prefer to take the safe side for now while we see the market had crashed. Sell will be in a good position on this stock right now.
NYSE:GMEShort
by youssefallax
31
GME: Short & Long (triangle, lines)Gamestop near double support. We have a triangle at the top. According to classical technical analysis, such a triangle can be both a trend continuation model and a reversal model ... Moreover, this triangle must be broken up or down no later than 3/4 of its beginning to its top, in other words, no later than November 1, 2021 ... Otherwise, the model is considered unfulfilled (rotten), which means the price has entered a sideways trend. At the same time, inside this triangle, we see three downward movements, each of which lasted exactly 56 days. The first two movements gave approximately the same -42-45%, but the last third gave only -17.34%. The foregoing suggests two opposite thoughts to each other: 1. Sign of bullish strength. The bearish downtrend is losing strength and the GME is ready to start an upward movement, bouncing off the support lines. In this case, we have the right to hope for a profit from a long position at least + 25% by December 01-06, 2021 - until the triangle resistance. As much as possible, we can expect the breakout of the resistance of this triangle and the continuation of the uptrend to the vertical size of the triangle = $ 397. 2. Sign of bearish strength. The triangle is preparing to become a reversal pattern and shed the price strongly down - to $ 65-55 per share (about -65%) just to the level of 2007, 2013 and 2021. I expect more bearish downtrend than bullish uptrend ... But at the same time, I have already placed orders in both directions with short stops and pyramiding on corrections towards the developing movement. In both cases, I look forward to making a profit. But only prolonged sideways movement with strong volatility can cause losses. Not a financial recommendation. Not advice.
NYSE:GME
by Dr_Chester
1
GME reached important support levels. Is the bottom in?GME reached the 200 MA on the 8h + extended hours, it hit the S3 weekly, the diagonal support, a VP HVN and it managed to get into an area that was previously resistance (currently turned into support). So to me this either is the bottom, or GME is in trouble. This is a massive combo and the structure of GME in the long term is still bullish. In my opinion the double top at 340 has a change to break and is what has me quite bullish. Of course there are several issues in the global economy, meme stocks haven't been doing well and so on... but this doesn't mean that we can't see another big rally. That requires that things don't crash right now and that we stay in a bullish environment for stocks... which over the last few weeks/months has been turning bearish and mostly favoring large caps. Going long here isn't a bad choice imho with stops below 160, otherwise wait for the market to close above 220 to start looking for longs.
NYSE:GME
by BitcoinMacro
9
GME Breakout Day 11 - Sling Shot Maneuver Major Price action today, drop (with gap down) hitting a low of 211, and closing today at 220. After hours is up slightly to 230 which is pretty interesting. The thought is with the higher volume day at 22.7 million is that Gamestop sold all or most of the 5 million shares they announced they could sell yesterday. The last time GameStop completed selling 3.5 million shares in April the stock spiked. Even if Gamestop doesn't come out and say how much they sold the slight violation of the curved line trend is ok. It looks like a bounce, not a break. Especially if GME opens higher then the close today, which looks like will be the case. Further, it looks like GME has been cleared to be moved from the Russell 2000 to the Russell 1000, and all the shorts in that EFT related to GME will need to be bought back which is a pretty big deal and that date of EOD June 25 switchover date is fast approaching. TLDR Resolution of the multiple gap ups after 217(creating a gap down between 280 and 302) GME partially or fully sold 5 million shares. Means > Limited further selling pressure (need confirmation). Bounce off the Curved log trendline(pending confirmation tomorrow) GME moving from Russell 2000 to 1000(basically confirmed, just waiting on a press release) GME almost always drops after earnings, but the drop is limited and recovers well. Buckle in, because I think GME is ready to pull some G's.
NYSE:GMELong
by testmuffin13
8
GME Breakout Day 10 - Throttle Up Flight CheckTomorrow is the the shareholder meeting Further tomorrow is 10 trading days from the initial spike from 180 to 210+ from May 25th The previous spikes were> January 13th we had the spike to 25 dollars~, then 10 trading days later we had the spike from 150 to 483 February 24th we had the spike from 38 to 80 dollars, then 10 trading days later we had the spike from 250~ to 351. June 9th is 10 trading days after May 25th. We have a much higher starting base, 180 as opposed to 6 dollars in January and 38 dollars in February. This means massive installed retail base, much of it is willing to hold to high amounts. Today was also the highest LOW ever for GME. the lowest recorded was 281 today. Even in January the swings were massive but the lows were lower than today. 3rd highest close ever, the only other 2 days were in January. I sit here trying to not confirm my bias too much but with the amount of tested unfilled gap ups in the last 10 days I think we will be in uncharted territory soon. Good luck, and hang in there.
NYSE:GMELong
by testmuffin13
GME Breakout Day 7 - Stage 1 Separation in 6 daysYesterday was the highest close since January 29th with today being a second close in a row over 250. At this point being so close to the 9th, there is a large portion of people waiting for that all important answer to the only question that matters. How many shares voted in the shareholder meeting? We will find out next week and while I have enjoyed this breakout, I have been rolling over my call options to shares, as options are currently very expensive. I will be buying the whole time though and have not sold any shares, just been rolling in option profits to more shares. Short term technical: GME currently on a run since the 24th and todays close is sitting on the trendline. A hold tomorrow should be a close of at least 265. I have moved my "moon" target to June 9th and 351 dollars which was the March high, The gap up is still not filled (217-222) and I believe there is currently zero chance of that happening. There was a gap down today which should also put pressure on GME to keep rising up. Good luck and hang in there.
NYSE:GMELong
by testmuffin13
1
196 is next resistance for GME196 was the high in April, so that is near term target. 2 days closing green over 180 after not being able to break it for 3 weeks is very positive. Tomorrow is T-21 from 4/20, that was a big drop day with 4.7 million volume which means up to 2.9 million shares shorted at 62.2% SI that day. Its possible a large portion of those shares need to be covered tomorrow which is probably why GME was attempted to be dropped so hard today. I know were all waiting for the big spike day, me too. I am not sure we will see a big spike day until a big player gives up and covers or is actually margin called. As long as the price continues to increase that margin pressure will continue to mount. Hang in there!
NYSE:GMELong
by testmuffin13
1