The rise and fall of GameStop's stock in 2021 became a landmark event in financial history, captured in the recent film "Dumb Money." This saga, fueled by unprecedented social media buzz and retail investor sentiment, culminated in a historic short squeeze and raised critical questions about market access and regulatory oversight.
The Spark: A Sentiment-Driven Squeeze
GameStop, facing declining brick-and-mortar sales, became a target for short sellers who saw its business model as outdated. However, a surge of online optimism, primarily on platforms like Reddit and Twitter, ignited a buying frenzy among retail investors. This sentiment-driven buying pressure triggered a dramatic short squeeze, propelling the stock price to dizzying heights in January 2021.
The Fallout: Buy Buttons and Direct Registration
While the price eventually corrected, the social media fervor persisted. Concerns about trading restrictions implemented by certain brokers during the squeeze further fueled the fire. This led retail investors to embrace Direct Registration of Shares (DRS), a process that removes shares from the clutches of brokers and places them directly with the company. The goal: to limit the availability of shares for shorting and potentially trigger another squeeze.
DRS: A Unique Market Phenomenon
With over 74 million shares DRS'd as of the last earnings report, GameStop represents a unique case in market history. No other non-penny stock has witnessed such a large-scale withdrawal of shares from the open market by retail investors. This unprecedented scenario has created a volatile market dynamic with the potential for significant price movements.
Technical Analysis: Signs of a Potential Breakout
GameStop's price chart exhibits classic characteristics of a stock primed for a short squeeze breakout. Price consolidation since the 2021 squeeze, falling volume and volatility, and rising short interest are all potential indicators of pent-up pressure.
The Socioeconomic and Elliott Wave Perspective
Analyzing market movements through a socioeconomic and Elliott Wave lens, we recognize the crucial role of collective sentiment and mood in driving stock prices. GameStop's price trajectory aligns with a clear 5-wave Elliott Wave pattern, suggesting a potential return to all-time highs and beyond.
Potential for Government Intervention
The exponential counterparty risks associated with a potential GameStop squeeze raise concerns about systemic market instability. Government intervention, in some form, cannot be ruled out to mitigate the potential fallout of unrecoverable margin calls on significant market players.
The Sequel Awaits: A Story Unfolding
As time unfolds, the GameStop saga continues to evolve, captivating both financial experts and retail investors alike. Whether a sequel to the "Dumb Money" film materializes remains to be seen, but one thing is certain: the story of GameStop is far from over, with its potential consequences for the market attracting keen attention worldwide
The Spark: A Sentiment-Driven Squeeze
GameStop, facing declining brick-and-mortar sales, became a target for short sellers who saw its business model as outdated. However, a surge of online optimism, primarily on platforms like Reddit and Twitter, ignited a buying frenzy among retail investors. This sentiment-driven buying pressure triggered a dramatic short squeeze, propelling the stock price to dizzying heights in January 2021.
The Fallout: Buy Buttons and Direct Registration
While the price eventually corrected, the social media fervor persisted. Concerns about trading restrictions implemented by certain brokers during the squeeze further fueled the fire. This led retail investors to embrace Direct Registration of Shares (DRS), a process that removes shares from the clutches of brokers and places them directly with the company. The goal: to limit the availability of shares for shorting and potentially trigger another squeeze.
DRS: A Unique Market Phenomenon
With over 74 million shares DRS'd as of the last earnings report, GameStop represents a unique case in market history. No other non-penny stock has witnessed such a large-scale withdrawal of shares from the open market by retail investors. This unprecedented scenario has created a volatile market dynamic with the potential for significant price movements.
Technical Analysis: Signs of a Potential Breakout
GameStop's price chart exhibits classic characteristics of a stock primed for a short squeeze breakout. Price consolidation since the 2021 squeeze, falling volume and volatility, and rising short interest are all potential indicators of pent-up pressure.
The Socioeconomic and Elliott Wave Perspective
Analyzing market movements through a socioeconomic and Elliott Wave lens, we recognize the crucial role of collective sentiment and mood in driving stock prices. GameStop's price trajectory aligns with a clear 5-wave Elliott Wave pattern, suggesting a potential return to all-time highs and beyond.
Potential for Government Intervention
The exponential counterparty risks associated with a potential GameStop squeeze raise concerns about systemic market instability. Government intervention, in some form, cannot be ruled out to mitigate the potential fallout of unrecoverable margin calls on significant market players.
The Sequel Awaits: A Story Unfolding
As time unfolds, the GameStop saga continues to evolve, captivating both financial experts and retail investors alike. Whether a sequel to the "Dumb Money" film materializes remains to be seen, but one thing is certain: the story of GameStop is far from over, with its potential consequences for the market attracting keen attention worldwide
評論:
We will let the chart speak for itself
評論:
Price is at the ideal trigger level for a possible short squeeze
Targets identified
Lets see what happens
Hope Kenny G. is ready (shout out to the Superstonkers)
Targets identified
Lets see what happens
Hope Kenny G. is ready (shout out to the Superstonkers)
評論:
Quick potential trade to earn 10%
Not financial advice
Not financial advice
評論:
Target Reached.
Expecting a pullback and then another move higher..let see how things progress
Expecting a pullback and then another move higher..let see how things progress
評論:
Should see GME make another high..lets see
評論:
Ok looking for a pullback. lets see
評論:
Shes got legsssss (in my ZZ Top voice)!!!
GME has major legs right now and is definitely using them.
I think its safe to say that its officially squeezing as we predicted
How high this goes- who knows
Expecting a huge gap down on Monday and then from there let the shenanigans begin
Putting a couple of targets on the chart but the best thing to do really is watch key levels (e.g. previous highs), pivots and volume
GME has major legs right now and is definitely using them.
I think its safe to say that its officially squeezing as we predicted
How high this goes- who knows
Expecting a huge gap down on Monday and then from there let the shenanigans begin
Putting a couple of targets on the chart but the best thing to do really is watch key levels (e.g. previous highs), pivots and volume
評論:
Ok got the gap down we were looking for..now we are watching for price to make new highs
評論:
Still looking higher.
Price appears to want to test the next support but selling volume is fading so thinking price heads higher by EOD...lets see
Price appears to want to test the next support but selling volume is fading so thinking price heads higher by EOD...lets see
評論:
Appears we are very close to bottoming.
Next expected target as of now...we are not psychics btw
This is about probabilities and momentum..watch for new highs and new lows and react accordingly
Next expected target as of now...we are not psychics btw
This is about probabilities and momentum..watch for new highs and new lows and react accordingly
評論:
Momentum picking up
評論:
As we said...lets see
評論:
Ok nailed it again. Next target and support identified. Lets see how this plays out
評論:
Tracking price like a hawk
評論:
Annnddd..we nailed it again to end the day..next support and targets in scope..
Lets see how this progresses
Lets see how this progresses
評論:
Ok price hit our support region..if it holds we are heading higher
評論:
Price touched previous support..this region should hold and we should head higher
Lets see
Lets see
評論:
Ok a move higher should be happening soon..
評論:
We are still looking higher.
FYI- a sustained brake of support levels is what would make us look lower..stay tuned
FYI- a sustained brake of support levels is what would make us look lower..stay tuned
評論:
price action is definitely corrective in nature since the run up...
Thinking we may tracing out a triangle and if this is correct expect a sizeable runup and then a break back down before we continue higher...
Lets see
Thinking we may tracing out a triangle and if this is correct expect a sizeable runup and then a break back down before we continue higher...
Lets see
評論:
As expected so far...
評論:
As expected...just watching support levels for now
評論:
Moving as expected.
Still looking higher
Still looking higher
評論:
Price hit support..still looking higher
評論:
Testing previous support
This level should hold..lets see
This level should hold..lets see
評論:
We really need price to breakout over 17.19
If not there is potentially for another move lower (white zigzag line) before we continue higher...
Lets see
If not there is potentially for another move lower (white zigzag line) before we continue higher...
Lets see
評論:
This could break either way..
We still need to get about 17.19 - 17.39 area
We still need to get about 17.19 - 17.39 area
評論:
We really need to get over that 17.19 - 17.39 region
Until then we are looking down before we start looking up again
Until then we are looking down before we start looking up again
評論:
Near term targets
Still need to break over 17.39
Still need to break over 17.39
評論:
Lets see if we can push over 17.39
評論:
Zooming out a bit..lets see
評論:
If GME is going to squeeze then now would be an ideal time
See our other post on SPX and XLF for details but the broader market is in a perilous position
GME shorts are going to have some tough decisions to make coming up as soon as tomorrow (early next week if SPX/XLF price consolidates)
Chart shows the levels that we think will have explosive price movements
See our other post on SPX and XLF for details but the broader market is in a perilous position
GME shorts are going to have some tough decisions to make coming up as soon as tomorrow (early next week if SPX/XLF price consolidates)
Chart shows the levels that we think will have explosive price movements
評論:
Nothings changed- yet
As with any stock we need to make higher highs for the push to continue
As with any stock we need to make higher highs for the push to continue
評論:
We said on 05/09 that GME Shorts would have some tough decisions to make come early this week...well here we are
Price during the pre-market session is directly within the target we called out last week...
Expecting to open higher and then head lower before resuming the trip to greater price levels..
Obviously if this does squeeze we will not be posting as much because we have to manage our positions
Good luck to everyone!
Price during the pre-market session is directly within the target we called out last week...
Expecting to open higher and then head lower before resuming the trip to greater price levels..
Obviously if this does squeeze we will not be posting as much because we have to manage our positions
Good luck to everyone!
評論:
Well price went right to where we thought
We havent seen a real pullback yet which i think we will still see..
Thinking price fills that gap and then heads higher...
Lets see!
We havent seen a real pullback yet which i think we will still see..
Thinking price fills that gap and then heads higher...
Lets see!
評論:
If we can push thru the yellow box we should be off and running again
評論:
Zooming out as I think this view is helpful
評論:
The typical daily lunch time price consolidation we are seeing is a good thing.
Better than price breaking down lower
Anticipate price will start to get some legs again after 1:30pm est
Better than price breaking down lower
Anticipate price will start to get some legs again after 1:30pm est
評論:
Ok here we go....
Lets see
Lets see
評論:
As expected...
Rest of the week should be fun lol
Rest of the week should be fun lol
評論:
Lots of fun in the pre-market lol
Watch out using market orders (buy or sell) in this environment- the next available price might be further away than you think.
Chart shows key levels we are watching..pay close attention volume!
Watch out using market orders (buy or sell) in this environment- the next available price might be further away than you think.
Chart shows key levels we are watching..pay close attention volume!
評論:
And..Here..We..Go
評論:
Oh how we love trading halts..
If we can hold this level then we should move higher
If we can hold this level then we should move higher
評論:
Although we hate them pullbacks are healthy and frankly needed
As usual just watching support and resistance
As usual just watching support and resistance
評論:
The $70ish area is what we are watching next with a move to $90-$100 shortly after
Lets see!
Lets see!
評論:
Having fun yet?
Pre-market tomorrow will tell us a lot about how tomorrow is going to go.
But overall we are expecting FIREWORKS... with a side of HALTS
Pre-market tomorrow will tell us a lot about how tomorrow is going to go.
But overall we are expecting FIREWORKS... with a side of HALTS
評論:
Morning!
Expect to see the boatload of shares that became available to borrow put to use early this morning
The cost-to-borrow rate (sheesh!) tells the story on the problem shorts have right now
Chart above is still valid
As usual we are just watching for breaks of support and resistance
Good luck!
Expect to see the boatload of shares that became available to borrow put to use early this morning
The cost-to-borrow rate (sheesh!) tells the story on the problem shorts have right now
Chart above is still valid
As usual we are just watching for breaks of support and resistance
Good luck!
評論:
If price breaks down further then looking at the next support
評論:
Specific Target
評論:
Ok should head higher from here..
Lets see...
Lets see...
評論:
As expected..lets see if we can grow some legs and begin moving
評論:
Patience...you have been waiting since Jan 2021...do what it takes to be rewarded for it...
Price should move fairly quickly thru the yellow box..we just need to break that level
Price should move fairly quickly thru the yellow box..we just need to break that level
評論:
Ok get ready...
Expecting some good movement (until they halt it) from here on out
Expecting some good movement (until they halt it) from here on out
評論:
Progressing nicely
評論:
Still looking much higher but thinking the 44 level will be our next resistance area
評論:
Levels should hold up here..
Still targeting the 44 level next
Lets see!
Still targeting the 44 level next
Lets see!
評論:
Nothings changed with above
With the broader market teetering (lets see how many get burned by this blowoff move up smh) we should see some major volatility throughout the end of the week as Shorts juggle GME and whatever happens in the market..
Exciting times!
With the broader market teetering (lets see how many get burned by this blowoff move up smh) we should see some major volatility throughout the end of the week as Shorts juggle GME and whatever happens in the market..
Exciting times!
評論:
Morning!
Lets see where we open today.
You know the strategy- watch for breaks of highs and lows , support / resistance and volume
Patience is the key here as always
Lets see where we open today.
You know the strategy- watch for breaks of highs and lows , support / resistance and volume
Patience is the key here as always
評論:
Not seeing an indication this level wont hold
Still looking higher
Still looking higher
評論:
One more drop lower and then we should start the move higher
lets see
lets see
評論:
I dont want it too but i still think we see one more low down to the support box before this takes off
評論:
Our patience will be soon rewarded
little lower into the support box and we should begin a trek higher
Lets see
little lower into the support box and we should begin a trek higher
Lets see
評論:
Market dumping which is contributing to this move lower
But as usual just watching the support areas
Still looking higher
But as usual just watching the support areas
Still looking higher
評論:
Should move higher from here
IMHO the $30 calls that are expiring tomorrow is why price is at these levels
They are trying to keep the price as close to that strike price as possible lol.
The problem with stock manipulation though is that you cant out manipulate sentiment
Their only hope is hope is their tactics destroy sentiment..something tells me they are under estimating the level of sentiment within GME stock holders
IMHO the $30 calls that are expiring tomorrow is why price is at these levels
They are trying to keep the price as close to that strike price as possible lol.
The problem with stock manipulation though is that you cant out manipulate sentiment
Their only hope is hope is their tactics destroy sentiment..something tells me they are under estimating the level of sentiment within GME stock holders
評論:
Ok this is what we were waiting for...
Now lets see if we can get some follow through
Now lets see if we can get some follow through
評論:
Once we get over 31.22 things should start moving again
評論:
The market falling is weighing GME down...
Notice the white trend line...price should head towards it
Lets see
Notice the white trend line...price should head towards it
Lets see
評論:
Like we said..market dumping is weighing
Lets see if we can hold the support below
Lets see if we can hold the support below
評論:
Here is the reality:
This is 100% being manipulated to stay below the $30 Calls that are expiring tomorrow
Trades are being diverted off exchange to relieve buying pressure.
If you look at volume with a Volume Delta indicator there are an excessive amount of candles on lower time frames that show NO BUY VOLUME..do you really believe that on stock with this type of volume?
Nothing about this price structure says that this move up is done
The reason we keep saying that we are looking higher is because the structure AND VOLUME tells us to look higher
That blatant manipulation has a cap on price pressure up now...but it wont and cant last..WHY- because you cant out manipulate sentiment!
You can only hope your manipulation kills sentiment...and they cant
Now as you see we have Wave targets on the chart.
And before you roll your eyes at Elliott Wave, do understand that it is EXACTLY what we are using to call these targets
We are calling it now:
Price will reach Wave 5 by Thursday..maybe Friday depending on the structure tomorrow
This is 100% being manipulated to stay below the $30 Calls that are expiring tomorrow
Trades are being diverted off exchange to relieve buying pressure.
If you look at volume with a Volume Delta indicator there are an excessive amount of candles on lower time frames that show NO BUY VOLUME..do you really believe that on stock with this type of volume?
Nothing about this price structure says that this move up is done
The reason we keep saying that we are looking higher is because the structure AND VOLUME tells us to look higher
That blatant manipulation has a cap on price pressure up now...but it wont and cant last..WHY- because you cant out manipulate sentiment!
You can only hope your manipulation kills sentiment...and they cant
Now as you see we have Wave targets on the chart.
And before you roll your eyes at Elliott Wave, do understand that it is EXACTLY what we are using to call these targets
We are calling it now:
Price will reach Wave 5 by Thursday..maybe Friday depending on the structure tomorrow
評論:
Ok this sucks but looking at the options chain $20 Calls are going to be a major problem for Shorts as well...
Pretty sure there will try to push it down to that level.
What sucks is the $20 level is technically where price structure is pointing us
That would put us making it to wave 5 between Wed and Thursday..NO PROMISES because this is so manipulated but from a big picture Elliott Wave perspective this price structure is typical
Typical in the sense that price is adhering to Elliott Wave guidelines and bouncing between the levels and targets that we expect
This is why keep saying they CANT OUT MANIPULATE SENTIMENT
Shorts can ONLY win if they destroy the sentiment around the stock..
STAY PATIENT AND STAY POSITIVE
Ok this sucks but looking at the options chain $20 Calls are going to be a major problem for Shorts as well...
Pretty sure there will try to push it down to that level.
What sucks is the $20 level is technically where price structure is pointing us
That would put us making it to wave 5 between Wed and Thursday..NO PROMISES because this is so manipulated but from a big picture Elliott Wave perspective this price structure is typical
Typical in the sense that price is adhering to Elliott Wave guidelines and bouncing between the levels and targets that we expect
This is why keep saying they CANT OUT MANIPULATE SENTIMENT
Shorts can ONLY win if they destroy the sentiment around the stock..
STAY PATIENT AND STAY POSITIVE
評論:
Morning!
Chart above is the guide for the near term
Lets see what happens
Chart above is the guide for the near term
Lets see what happens
評論:
Ok price moved down into the target area as expected
Price has held the $20 area as expected
Should see some movement up now
Lets see...
Price has held the $20 area as expected
Should see some movement up now
Lets see...
評論:
Heck of a week!
As you see price is headed towards the target
Wont bore you with near term Wave counts and all that stuff...lets all focus on targets.
Next week and every week leading up to Earnings should be volatile..
This week was your training (or maybe your refresher if you were present for the first squeeze)...youre gonna need it
Buckle Up..about to be a wild ride
OK here is what I think most want to know...how high can we go...this is how we see it
Wave Theory hasnt let us down yet on this so whether you think this is nonsense or not its working for us..
Doesnt mean it will happen but the count and chart tell us its possible.... AS LONG AS WE DO OUR PART TO KEEP SENTIMENT POSITIVE
As you see price is headed towards the target
Wont bore you with near term Wave counts and all that stuff...lets all focus on targets.
Next week and every week leading up to Earnings should be volatile..
This week was your training (or maybe your refresher if you were present for the first squeeze)...youre gonna need it
Buckle Up..about to be a wild ride
OK here is what I think most want to know...how high can we go...this is how we see it
Wave Theory hasnt let us down yet on this so whether you think this is nonsense or not its working for us..
Doesnt mean it will happen but the count and chart tell us its possible.... AS LONG AS WE DO OUR PART TO KEEP SENTIMENT POSITIVE
評論:
Look Up!
評論:
Still looking higher aka price should hold and continue higher
PATIENCE!
PATIENCE!
評論:
Patience starting to be rewarded
The rest of this week should be fun..
Looking MUCH HIGHER
The rest of this week should be fun..
Looking MUCH HIGHER
評論:
Word(s) of the day: Patience and Up
Watching the $30-$35 area as there is a lot of resistance at that level.
Thinking we head there and then consolidate before moving higher
Lets see
Watching the $30-$35 area as there is a lot of resistance at that level.
Thinking we head there and then consolidate before moving higher
Lets see
評論:
Forgot to show that price ended directly in the target box that we identified last Fri..
Thats a good thing...shows price is tracking to expectation
Thats a good thing...shows price is tracking to expectation
評論:
Good buying opportunity coming up
if break 21 then we will head down a little lower and should bottom around 20
if break 21 then we will head down a little lower and should bottom around 20
評論:
Updated target
評論:
Still looking higher but cautiously watching for another low until we clear 22
lets see...
lets see...
評論:
Provided we get over 22 we should then fairly swiftly fill the gap
Lets see!
Lets see!
評論:
Bad movie by the Shorts...LOOK UP
評論:
And...cut!
Another day in the books...all in all..moving as expected
Once the market digests the Nvidia earnings GME should get moving..
Oh and as we said- bad move by the shorts lol
Their algos, although aggressive, always short price down at the wrong moments smh lol...nothing they are doing is breaking the price structure we are tracking..
Silly rabbits..tsk tsk
Ok lets do this again in the morning..see you in the A.M.
Another day in the books...all in all..moving as expected
Once the market digests the Nvidia earnings GME should get moving..
Oh and as we said- bad move by the shorts lol
Their algos, although aggressive, always short price down at the wrong moments smh lol...nothing they are doing is breaking the price structure we are tracking..
Silly rabbits..tsk tsk
Ok lets do this again in the morning..see you in the A.M.
評論:
Morning!
Looking higher today while keeping an eye on price holding key support levels.
We should be on our way to the 27 area
Lets see!
Looking higher today while keeping an eye on price holding key support levels.
We should be on our way to the 27 area
Lets see!
評論:
As always bad timing by the shorts...LOOK UP
評論:
And the casino is closed (for most)..
We are tracking this pullback that weve been in for the last week or so as a Triangle..
What does that mean? PRICE IS ABOUT TO EXPLODE...and SHORTS ARE ABOUT TO GET BURNED
Why do we say that?
Triangles ONLY appear in B waves (in an A-B-C corrective move) or Wave 4.
Triangles also are the final move in the wave in which they appear and precede the final move of the Wave of one larger degree..
www.elliottwave.com/...aveopedia/triangles/
Well we are tracking this huge pullback weve seen off the recent highs as a Wave 4 which means this move towards Wave 5 will be dramatic
Price tends to be very explosive after a triangle completes so with GME and the options activity weve seen the last couple of days we are expecting some EXPLOSIVE price movement over the next week
Lets see
We are tracking this pullback that weve been in for the last week or so as a Triangle..
What does that mean? PRICE IS ABOUT TO EXPLODE...and SHORTS ARE ABOUT TO GET BURNED
Why do we say that?
Triangles ONLY appear in B waves (in an A-B-C corrective move) or Wave 4.
Triangles also are the final move in the wave in which they appear and precede the final move of the Wave of one larger degree..
www.elliottwave.com/...aveopedia/triangles/
Well we are tracking this huge pullback weve seen off the recent highs as a Wave 4 which means this move towards Wave 5 will be dramatic
Price tends to be very explosive after a triangle completes so with GME and the options activity weve seen the last couple of days we are expecting some EXPLOSIVE price movement over the next week
Lets see
評論:
Good morning! (emphasis on the Good)
Ok finally Nvidia has reported.
Now the market can get back to moving.
Chart above is the guide but as always just watching support levels
Definitely looking much higher over the next few days and into next week.
Lets see!
Ok finally Nvidia has reported.
Now the market can get back to moving.
Chart above is the guide but as always just watching support levels
Definitely looking much higher over the next few days and into next week.
Lets see!
評論:
Our patience is about to be rewarded...
評論:
Almost there....
They arent going to make this easy...be vigilant
They arent going to make this easy...be vigilant
評論:
Ok price is in the target area..
Its our turn now...
Lets see!
Its our turn now...
Lets see!
評論:
Frustrated yet?
Tired yet?
Pissed off?
Ok good because THAT IS THEIR PLAN
There is right in front of our eyes manipulation going on with this stock...we can all see it..
But we will say it again for those in the back: YOU CANT OUT MANIPULATE SENTIMENT...
You can only destroy sentiment...
And the options buying weve seen over the last few days shows that more than a few of us understand whats happening here and see the potential..
PATIENCE..PATIENCE..PATIENCE
Tired yet?
Pissed off?
Ok good because THAT IS THEIR PLAN
There is right in front of our eyes manipulation going on with this stock...we can all see it..
But we will say it again for those in the back: YOU CANT OUT MANIPULATE SENTIMENT...
You can only destroy sentiment...
And the options buying weve seen over the last few days shows that more than a few of us understand whats happening here and see the potential..
PATIENCE..PATIENCE..PATIENCE
評論:
Morning!
Will be traveling today so wont be posting but you know the routine...watch for breaks of support but overall looking higher
Lets see!
Chart above is the guide
Will be traveling today so wont be posting but you know the routine...watch for breaks of support but overall looking higher
Lets see!
Chart above is the guide
評論:
Morning!
Good movement so far..
Next target identified...
Should see price hold around here and head higher
lets see
Good movement so far..
Next target identified...
Should see price hold around here and head higher
lets see
評論:
Ok lets see what type of pullback we get but we are definitely looking higher
評論:
Ok thinking price heads here next
Lets see!
Lets see!
評論:
Ok time to LOOK UP
評論:
And cut...
Ok that was a pretty productive day.
Still looking higher.
Expecting a move towards the $35 area from here...
Lets see!
Ok that was a pretty productive day.
Still looking higher.
Expecting a move towards the $35 area from here...
Lets see!
評論:
Morning!
The casino is open so lets extract some chips.
Chart above shows the levels we are watching.
Lets see!
The casino is open so lets extract some chips.
Chart above shows the levels we are watching.
Lets see!
評論:
Ideally we would bottom here and head higher but there is the potential for price to move a bit lower..
Lets see!
Lets see!
評論:
The shorts are definitely putting that share offering to good use lol..
Support is still holding so the game is ABSOLUTELY still on..
PATIENCE...remember they are paying big $$$ EVERYDAY to continuously short this..
Remember we are not locked in this with them..THEY ARE LOCKED IN THIS WITH US
Support is still holding so the game is ABSOLUTELY still on..
PATIENCE...remember they are paying big $$$ EVERYDAY to continuously short this..
Remember we are not locked in this with them..THEY ARE LOCKED IN THIS WITH US
評論:
Morning!
Price is hanging out around support.
Should see this get some legs soon..
Lets see!
Price is hanging out around support.
Should see this get some legs soon..
Lets see!
評論:
Ok getting some legs like we thought
Once get over the $25 area we should pick up the pace
Lets see
Once get over the $25 area we should pick up the pace
Lets see
評論:
Ok thats a wrap for today..
We have three words for you: COST TO BORROW
Oh its getting really spicy for the shorts lol..
Still looking MUCH higher
Catch you in the A.M.!
We have three words for you: COST TO BORROW
Oh its getting really spicy for the shorts lol..
Still looking MUCH higher
Catch you in the A.M.!
評論:
Morning!
Casino will be open soon
After yesterdays action we anticipate momentum upward to pick up
Chart above has the targets
Lets see!
Casino will be open soon
After yesterdays action we anticipate momentum upward to pick up
Chart above has the targets
Lets see!
評論:
Ok should head up from here...
Lets see
Lets see
評論:
Ok get ready..
評論:
And thats a wrap...
Price held support and moved higher..
All in all a productive week.
Still looking higher..
Lets see what next week brings..
Price held support and moved higher..
All in all a productive week.
Still looking higher..
Lets see what next week brings..
評論:
Good morning!
Looks like we are in for an explosive day.
Lets see where we open and then we can define some better targets from there
Looks like we are in for an explosive day.
Lets see where we open and then we can define some better targets from there
評論:
Ok these are the immediate levels we are watching
40 level is going to be a key level for right now
40 level is going to be a key level for right now
評論:
Ok look for price to hold this support area..
Lets see!
Lets see!
評論:
Ok should move higher from here
評論:
Price structure is definitely setting up to run higher.
Hold tight...
Hold tight...
評論:
Get Ready!
評論:
there we go!
評論:
And thats a wrap.. +20% on the day..not bad
Man that was some intense shorting at the end of day.
Price still ended in the support area..SO WE ARE STILL LOOKING UP
Eyeing a return to the $40 area
Man that was some intense shorting at the end of day.
Price still ended in the support area..SO WE ARE STILL LOOKING UP
Eyeing a return to the $40 area
評論:
Morning!
Casino will be open shortly.
Things are getting spicy
MSM crying about Roaring Kitty lol
E Trade considering kicking the guy off their platform lol
Funny how MSM has no qualms with Hedge Funds and so called analysts peddling their drivel 24/7 on their platforms...smh
Ok looking HIGHER today and watching support as always..
Stay patient and lets make these hedge funds BLEED
Casino will be open shortly.
Things are getting spicy
MSM crying about Roaring Kitty lol
E Trade considering kicking the guy off their platform lol
Funny how MSM has no qualms with Hedge Funds and so called analysts peddling their drivel 24/7 on their platforms...smh
Ok looking HIGHER today and watching support as always..
Stay patient and lets make these hedge funds BLEED
評論:
Upon further review thinking we hit the $50 area by tomorrow
Lets see!
Lets see!
評論:
Ok should see price hold around here ideally
Should begin our trek back higher
Should begin our trek back higher
評論:
Ok and that will do it for today
Massive amount of shares to borrow constantly being available is being used to keep price contained
Conversely they are spending big $$$ to keep a lid on this..
Support is still holding and everything we are seeing says we are still headed much higher
Still thinking we head closer to $50 level by tomorrow but definitely by end of week
Lets see
Massive amount of shares to borrow constantly being available is being used to keep price contained
Conversely they are spending big $$$ to keep a lid on this..
Support is still holding and everything we are seeing says we are still headed much higher
Still thinking we head closer to $50 level by tomorrow but definitely by end of week
Lets see
評論:
Morning!
Casino is about to open
Chart above is the guide
Support should hold and we should continue our trek higher
Watching the $50 level
Lets see!
Casino is about to open
Chart above is the guide
Support should hold and we should continue our trek higher
Watching the $50 level
Lets see!
評論:
Progressing nicely
Should continue higher from here
Should continue higher from here
評論:
Ok setting up to move...lets see
評論:
And cut!
Very productive day as we anticipated
Still think we are well on our way towards $50 by week end..
Lets see!
Very productive day as we anticipated
Still think we are well on our way towards $50 by week end..
Lets see!
評論:
Morning!
Ok the casino is open
Chart above is our guide for now
Lets see!
Ok the casino is open
Chart above is our guide for now
Lets see!
評論:
Should head to 37 from here and then we should see a pullback to 32 and then we should be on our way to 40
Lets see
Lets see
評論:
Ok perfect..moving as expected
Anticipating a pullback of some sort...as always watching for breaks of support
Still think we are headed to 40+
Lets see
Anticipating a pullback of some sort...as always watching for breaks of support
Still think we are headed to 40+
Lets see
評論:
And thats a wrap
Traveling so no chart updates right now
Very productive day! Shorts are in a real pickle right now lol
Expect a pullback to 37 then a continued move higher
Lets see!
P.S. yes we will be watching a certain persons livestream tomorrow too
Traveling so no chart updates right now
Very productive day! Shorts are in a real pickle right now lol
Expect a pullback to 37 then a continued move higher
Lets see!
P.S. yes we will be watching a certain persons livestream tomorrow too
評論:
Morning!
Casino will be open soon.
Lots of "news" (ATMs, Livestreams,etc) after hours.
IGNORE THE NEWS PEOPLE
The only thing that matters is the price
And the price structure says we are going MUCH higher from here
No charts because we are traveling but as we said looking for a move back to 37ish and then we continue on to 50+
Casino will be open soon.
Lots of "news" (ATMs, Livestreams,etc) after hours.
IGNORE THE NEWS PEOPLE
The only thing that matters is the price
And the price structure says we are going MUCH higher from here
No charts because we are traveling but as we said looking for a move back to 37ish and then we continue on to 50+
評論:
Like we said: ignore the news aka FUD
評論:
ok here we go...should be heading higher from here
Lets see
Lets see
評論:
Ok getting some legs..notice price bounced off the support box called out in the last chart we posted..thats good as that means the price structure is still in tact
評論:
ok not near a computer to post our charts but this dip to previous support changes nothing from an elliott wave perspective
We are absolutely confident that we are now headed to 70 (yes i know 50 was our next target but this dip changed things)
Will get some charts up soon but again everything is going as expected
We are absolutely confident that we are now headed to 70 (yes i know 50 was our next target but this dip changed things)
Will get some charts up soon but again everything is going as expected
評論:
Lots of FUD being spread about the ATM offering
It changes nothing...unless you let it
ATM offerings, Livestreams, News and anything else you name only have temp affects on price...and only because of temp impacts to sentiment
Look at the price on the Monthly, Weekly, Daily...are we still up from the lows? Yes Yes..have we broken any major support? No
WE ARE HEADED HIGHER...CHILL OUT
It changes nothing...unless you let it
ATM offerings, Livestreams, News and anything else you name only have temp affects on price...and only because of temp impacts to sentiment
Look at the price on the Monthly, Weekly, Daily...are we still up from the lows? Yes Yes..have we broken any major support? No
WE ARE HEADED HIGHER...CHILL OUT
評論:
One more thing: based on price structure unless we break below $9.94 this remains bullish
評論:
Ok finally back in front of the computer
Nothing about ANY of the price movement last week says that we should be looking lower..
We should be looking MUCH higher
We highly encourage EVERYONE to pay LESS attention to news, forums and tweets and focus on the PRICE and VOLUME
Short Volume as many have noted is thru the roof
Delta volume shows that there has been in fact MORE bullish than bearish volume over the last two weeks...and price reflects that
The options chain is EXTREMELY bullish as we all know
As we speak we are almost 200% off the April lows
BUY THE STOCK...NOT THE FUD
Lets GO!
Nothing about ANY of the price movement last week says that we should be looking lower..
We should be looking MUCH higher
We highly encourage EVERYONE to pay LESS attention to news, forums and tweets and focus on the PRICE and VOLUME
Short Volume as many have noted is thru the roof
Delta volume shows that there has been in fact MORE bullish than bearish volume over the last two weeks...and price reflects that
The options chain is EXTREMELY bullish as we all know
As we speak we are almost 200% off the April lows
BUY THE STOCK...NOT THE FUD
Lets GO!
評論:
Morning!
The casino will be open soon.
Chart above is the guide.
Like everyone else we are expecting some volatile price movements over the next 2 weeks.
Lets see!
The casino will be open soon.
Chart above is the guide.
Like everyone else we are expecting some volatile price movements over the next 2 weeks.
Lets see!
評論:
This push lower is near its end..
Expecting a potential move lower to around 24 and then we should move higher
Lets see!
Expecting a potential move lower to around 24 and then we should move higher
Lets see!
評論:
Ok well that was fun..
Price respected the support area we called out at the 24 level which is a good thing
As always still looking higher
Price respected the support area we called out at the 24 level which is a good thing
As always still looking higher
評論:
Morning!
Casino will be open soon
Lots of available shares to borrow so lets see how well they are able to moderate the buy pressure
Looking higher with an eye towards 70+ but as always looking for breaks of support and resistance
Lets see!
Casino will be open soon
Lots of available shares to borrow so lets see how well they are able to moderate the buy pressure
Looking higher with an eye towards 70+ but as always looking for breaks of support and resistance
Lets see!
評論:
Ok price is thinking about getting some legs...
Lets see
Lets see
評論:
Ok things are obviously getting spicy (i.e. the halts)
Price is definitely leaning higher
Lets see
Price is definitely leaning higher
Lets see
評論:
Price is moving higher as expected and reached the next micro level that we have been watching
Still have our eyes on the 70 ish level as the next major level that needs to be breached
Lets see!
Still have our eyes on the 70 ish level as the next major level that needs to be breached
Lets see!
評論:
Morning!
Casino is almost open
Once we clear the 48 level we should be quickly on our way to 70
But as always watching for breaks of support and resistance
Lets see!
Casino is almost open
Once we clear the 48 level we should be quickly on our way to 70
But as always watching for breaks of support and resistance
Lets see!
評論:
Looking good!
Potential for a small push lower but see price taking out the 40 level soon after
Lets see
Potential for a small push lower but see price taking out the 40 level soon after
Lets see
評論:
Ok moving as expected
Price hit micro support
We should move higher from here
Lets see!
Price hit micro support
We should move higher from here
Lets see!
評論:
And thats a wrap
Pretty intense shorting to end the day
To be expected and as is par for the course, ultimately we are above support
Looking higher
P.S. Citron Research and every company like them are blood sucking leaches and we hope every single one of them go bust and broke
Pretty intense shorting to end the day
To be expected and as is par for the course, ultimately we are above support
Looking higher
P.S. Citron Research and every company like them are blood sucking leaches and we hope every single one of them go bust and broke
評論:
Morning!
Man are we ready for the casino to open
Word of the day: HIGHER
Chart above is the guide for now
Expecting volume to be extremely high over the next week which should lead to some good volatility
Lets see
Man are we ready for the casino to open
Word of the day: HIGHER
Chart above is the guide for now
Expecting volume to be extremely high over the next week which should lead to some good volatility
Lets see
評論:
Ok there is the potential for this push down to the 22.50 level
Should get moving again after that
Should get moving again after that
評論:
Price continuing higher as expected
Lets see if the volume picks up a little more the last hour
Lets see if the volume picks up a little more the last hour
評論:
Well things are getting spicy arent they lol
Looking higher as always but if we get an decent influx of buy volume this thing could really take off.
Lets see!
Looking higher as always but if we get an decent influx of buy volume this thing could really take off.
Lets see!
評論:
Morning!
Let me start by saying: BUY THE STOCK...NOT THE FUD
Casino will be open soon
Definitely looking higher as price structure is still overall pointing MUCH HIGHER
Chart above is the guide for now
Lets see!
Let me start by saying: BUY THE STOCK...NOT THE FUD
Casino will be open soon
Definitely looking higher as price structure is still overall pointing MUCH HIGHER
Chart above is the guide for now
Lets see!
評論:
Well hasnt this been a week
Bottom Line: ABSOLUTELY NOTHING HAS CHANGED
We are still looking MUCH MUCH MUCH HIGHER
We are still WAY up off the lows with a STILL highly bullish options chain and now we have sentiment changing amongst some in mainstream media
Actually saw multiple highly bullish articles on GME today..even some saying explicitly to BUY...whens the last time you saw that?
The only thing that can stop this inevitable move up is somehow we allow them to sour our sentiment on the stock...NOTHING ELSE CAN STOP THIS
Ignore the news, get off Reddit if it causes you to feel paper-handed, TURN OFF THE NEWS, ignore the FUD and above all... BUY THE STOCK!!
Lets go!!!
Bottom Line: ABSOLUTELY NOTHING HAS CHANGED
We are still looking MUCH MUCH MUCH HIGHER
We are still WAY up off the lows with a STILL highly bullish options chain and now we have sentiment changing amongst some in mainstream media
Actually saw multiple highly bullish articles on GME today..even some saying explicitly to BUY...whens the last time you saw that?
The only thing that can stop this inevitable move up is somehow we allow them to sour our sentiment on the stock...NOTHING ELSE CAN STOP THIS
Ignore the news, get off Reddit if it causes you to feel paper-handed, TURN OFF THE NEWS, ignore the FUD and above all... BUY THE STOCK!!
Lets go!!!
評論:
Big picture update
Lets make this simple..
The big green box outlines the POTENTIAL max level this could squeeze to and the time it will take
Each fib level is a major level that will be respected by price
Lets make this simple..
The big green box outlines the POTENTIAL max level this could squeeze to and the time it will take
Each fib level is a major level that will be respected by price
評論:
Morning!
Almost time for the casino to open
Definitely looking higher as indicated by our last posts
Should be a very spicy week
Lets see
Ignore the news, get off Reddit if it causes you to feel paper-handed, TURN OFF THE NEWS, ignore the FUD and above all... BUY THE STOCK!!
Almost time for the casino to open
Definitely looking higher as indicated by our last posts
Should be a very spicy week
Lets see
Ignore the news, get off Reddit if it causes you to feel paper-handed, TURN OFF THE NEWS, ignore the FUD and above all... BUY THE STOCK!!
評論:
Seems its setting up to move....lets see
評論:
LOTS of heavy selling ahead of the meeting
Someone is positioning themselves for something...hmmn
Someone is positioning themselves for something...hmmn
評論:
Possible move down to 25 incoming before we start moving higher
評論:
Ok there we go
Should head higher now
Should head higher now
評論:
Clearer pic of where we are headed
Should head to 50 from here over the next week
Should head to 50 from here over the next week
評論:
HIGHLY suggest that if you have any spare change you buy here..
Not sure we see these levels again ayntime soon after this week
Not financial advice of course
Not sure we see these levels again ayntime soon after this week
Not financial advice of course
評論:
And thats a wrap
Heavy selling as anticipated but not nearly enough to change the trajectory of the stock
We keep saying it but the price structure is extremely bullish which is why we keep saying that we are headed MUCH MUCH HIGHER
Ignore the news, get off Reddit if it causes you to feel paper-handed, TURN OFF THE NEWS, ignore the FUD and above all... BUY THE STOCK!!
Heavy selling as anticipated but not nearly enough to change the trajectory of the stock
We keep saying it but the price structure is extremely bullish which is why we keep saying that we are headed MUCH MUCH HIGHER
Ignore the news, get off Reddit if it causes you to feel paper-handed, TURN OFF THE NEWS, ignore the FUD and above all... BUY THE STOCK!!
評論:
Morning!
Over here sipping some coffee and waiting for the casino to open
As always we are looking higher as indicated by the above chart
And of course we are watching for breaks of support/ resistance
Lets go!
Over here sipping some coffee and waiting for the casino to open
As always we are looking higher as indicated by the above chart
And of course we are watching for breaks of support/ resistance
Lets go!
評論:
Ok well that was a pretty uneventful day
Pushed down a little lower but didnt change the fact that we are headed HIGHER
Have a good holiday everyone!
Ignore the news, get off Reddit if it causes you to feel paper-handed, TURN OFF THE NEWS, ignore the FUD and above all... BUY THE STOCK!!
Pushed down a little lower but didnt change the fact that we are headed HIGHER
Have a good holiday everyone!
Ignore the news, get off Reddit if it causes you to feel paper-handed, TURN OFF THE NEWS, ignore the FUD and above all... BUY THE STOCK!!
評論:
ITS GAMETIME
Expect EXPLOSIVE price action from June 20th to July 24th...and beyond
Notice the dates and the levels of the green boxes
For all of those who say they have DIAMOND HANDS...you are about to be tested
If you frequent REDDIT/TWITTER you are about to experience the most INTENSE FUD you have ever seen around a stock...
You are about to see this stock absolutely CRUCIFIED and strangely LOVED by the mainstream media
BUY BUTTONS are about to start mysteriously turning off
HALTS HALTS HALTS
All types of glitches will be reported
DRS transactions are about to be delayed/ stopped or you are about to see the cost to transfer go up
Your GME stock unrealized gains are about to reach levels you have NEVER SEEN BEFORE
And finally Roaring Kitty is about to unleash a BARAGE of tweets and he will be a billionaire again (btw- 07/04 is an important date...you will see)
AND THIS IS ONLY THE BEGINNING
Expect EXPLOSIVE price action from June 20th to July 24th...and beyond
Notice the dates and the levels of the green boxes
For all of those who say they have DIAMOND HANDS...you are about to be tested
If you frequent REDDIT/TWITTER you are about to experience the most INTENSE FUD you have ever seen around a stock...
You are about to see this stock absolutely CRUCIFIED and strangely LOVED by the mainstream media
BUY BUTTONS are about to start mysteriously turning off
HALTS HALTS HALTS
All types of glitches will be reported
DRS transactions are about to be delayed/ stopped or you are about to see the cost to transfer go up
Your GME stock unrealized gains are about to reach levels you have NEVER SEEN BEFORE
And finally Roaring Kitty is about to unleash a BARAGE of tweets and he will be a billionaire again (btw- 07/04 is an important date...you will see)
AND THIS IS ONLY THE BEGINNING
評論:
Morning!
Nothing else to add to the above
Just waiting for the casino to open
Lets go!
Nothing else to add to the above
Just waiting for the casino to open
Lets go!
評論:
We should see price start to get some real legs now
lets see!
lets see!
評論:
Shorts are in trouble once we get over 26.19
評論:
And thats a wrap
This is getting ready to run
GET READY!
This is getting ready to run
GET READY!
評論:
Morning!
The casino is almost open
Expecting some good volatility today
As always looking higher and watching for breaks of support and resistance
Chart above is our guide as we are expecting price to generally stay within those green boxes over the next month
Lets see!
The casino is almost open
Expecting some good volatility today
As always looking higher and watching for breaks of support and resistance
Chart above is our guide as we are expecting price to generally stay within those green boxes over the next month
Lets see!
評論:
Thinking price finds support here around 25 and we head higher
Lets see!
Lets see!
評論:
As we said the 25 level is drawing a lot of attention
PATIENCE is needed as we expect price to get moving the last 2 hours of today which should setup for an explosive beginning of next week
PATIENCE is needed as we expect price to get moving the last 2 hours of today which should setup for an explosive beginning of next week
評論:
Well we did say price would get moving lol
Nothing at all changed today with this small push lower at the end of day
Just look at the chart and facts folks lol
-Higher lowers being made
-Drastically increasing average volume
-Extremely BULLISH options chain
-Extremely bullish sentiment
They have been trying to get this below 20 for a month now and they cant do it
Ignore the news, get off Reddit if it causes you to feel paper-handed, TURN OFF THE NEWS, ignore the FUD and above all... BUY THE STOCK!!
Oh and another thing: there is a huge swath of people on certain Reddit forums who say that Technical Analysis doesnt work on GME because its manipulated---IGNORE THEM FOR THEY KNOW NOT WHAT THEY DO...smh
The algos that are doing this manipulation are coded to react and respond off certain TECHNICAL factors...this is also partly why technical analysis works on GME.
Nothing at all changed today with this small push lower at the end of day
Just look at the chart and facts folks lol
-Higher lowers being made
-Drastically increasing average volume
-Extremely BULLISH options chain
-Extremely bullish sentiment
They have been trying to get this below 20 for a month now and they cant do it
Ignore the news, get off Reddit if it causes you to feel paper-handed, TURN OFF THE NEWS, ignore the FUD and above all... BUY THE STOCK!!
Oh and another thing: there is a huge swath of people on certain Reddit forums who say that Technical Analysis doesnt work on GME because its manipulated---IGNORE THEM FOR THEY KNOW NOT WHAT THEY DO...smh
The algos that are doing this manipulation are coded to react and respond off certain TECHNICAL factors...this is also partly why technical analysis works on GME.
評論:
Ok as we said in our June 19th post its GAMETIME
For the immediate future we are going to use this chart view
Couple of notes:
-EVERY Fib Level is a TARGET and should also be treated as support and resistance
-The yellow dotted vertical lines indicate dates where we anticipate seeing peaks in volatility
-The green/red triangles identify fractals and are always considered immediate support and resistance
And we are now going to make a bold call lol:
MOASS Target: between $98795.21 - $102,110.30 /share
Timeframe for peak: between Oct 2024 - Jan 2025
Those timeframes and targets have been been on our personal charts since the April low
Lets see how wrong we are :)
For the immediate future we are going to use this chart view
Couple of notes:
-EVERY Fib Level is a TARGET and should also be treated as support and resistance
-The yellow dotted vertical lines indicate dates where we anticipate seeing peaks in volatility
-The green/red triangles identify fractals and are always considered immediate support and resistance
And we are now going to make a bold call lol:
MOASS Target: between $98795.21 - $102,110.30 /share
Timeframe for peak: between Oct 2024 - Jan 2025
Those timeframes and targets have been been on our personal charts since the April low
Lets see how wrong we are :)
評論:
MOASS Target and Timeframe Visualized
評論:
Morning!
Casino will be open soon
End of the month through July should be really fun.
Fib levels are the targets.
Major support area identified by orange box
Lets see!
Casino will be open soon
End of the month through July should be really fun.
Fib levels are the targets.
Major support area identified by orange box
Lets see!
評論:
And thats a wrap
Pretty uneventful day overall
Patience is the key as we expect there to be a marked increase in volatility through the end of July (fyi- some of the volatility will come from the overall market downturn thats in process)
Pretty uneventful day overall
Patience is the key as we expect there to be a marked increase in volatility through the end of July (fyi- some of the volatility will come from the overall market downturn thats in process)
評論:
Morning!
As always looking HIGHER
Expecting the volatility to increase today in GME and across the market
Price is in really good shape for a move higher
Lets see
Above chart is relevant for now
As always looking HIGHER
Expecting the volatility to increase today in GME and across the market
Price is in really good shape for a move higher
Lets see
Above chart is relevant for now
評論:
And thats a wrap!
Good volatility and move up end of day
Expect LOTS more of that over the next few weeks lol
WE ARE ABOUT TO BE REWARDED
Good volatility and move up end of day
Expect LOTS more of that over the next few weeks lol
WE ARE ABOUT TO BE REWARDED
評論:
Wanted to post this view that has some additional fib levels
Remember every fib levels is a TARGET
Remember every fib levels is a TARGET
評論:
BTW 61.15 is the next main target we are watching at this point
評論:
Morning!
Thinking some really good volatility is on the menu today
Chart above is the guide for now
Lets go!
Thinking some really good volatility is on the menu today
Chart above is the guide for now
Lets go!
