GME new bullish momentum LONG
تم تحديثه
GME on a weekly chart has clear the chop zone on that indicator and is now above the POC
line of the long -term volume profile indicating that bullish momentum is greater than bearish
momentum. I will take a long trade here targeting the pivot highs of 2022 for three quarters
of the trade and the base of the high pivots of 2021 for the reminder. 21.7 below the POC
line will be the initial stop loss to be moved to break even upon a price rise of 10% from the
entry and then changed to a trailing loss of 10% upon another 10% price rise. I believe that
GME is heavily shorted; Accordingly, a short squeeze could add to the push higher.
line of the long -term volume profile indicating that bullish momentum is greater than bearish
momentum. I will take a long trade here targeting the pivot highs of 2022 for three quarters
of the trade and the base of the high pivots of 2021 for the reminder. 21.7 below the POC
line will be the initial stop loss to be moved to break even upon a price rise of 10% from the
entry and then changed to a trailing loss of 10% upon another 10% price rise. I believe that
GME is heavily shorted; Accordingly, a short squeeze could add to the push higher.
ملاحظة
News Catalyst cnn.com/2024/05/13/investing/gamestop-roaring-kitty/index.htmlتم فتح الصفقة
Price is well above the entry now so the stop loss is changed to a trailing 10%. Full position riding the momentum. Call options did 10X and a partial on the 20 calls taken.أغلقت الصفقة: تم الوصول لوقف الخسارة
ملاحظة
Bearish move with shorts revenge trading price down. Move to watch list. Keith Gill may still have another move.تم فتح الصفقة
GME continues with bearish momentum. Holding and patient.ملاحظة
GME moved down today . May be a reversal candidate with an opening bell pump on Thursday morning much like Tuesday 5/21. ملاحظة
ملاحظة
GME needs to get over 21.75 for bullish bais to dominate. Will watch for the same.ملاحظة
that is to say based on the volume profile if GME can get over 21.75 it has a good chance of squeezing toward 30 ملاحظة
while moving up through a volume void in the profile ( low volume area between two high volume nodes)ملاحظة
GME had a decent upmove today but still finished the week lower than the start.My threshold to go long is 21.75 as per the POC line of the volume profile. Anything
between current price and that is more or less considered sideways chop. Time will
tell.
ملاحظة
if anything the rise to the bottom of the high-volume area ( purple jagged line) isa potential signal for a short entry with $1.50 or more per share downside.
تم فتح الصفقة
Shares taken long Friday afternoon before the Monday holiday and again this afternoon. Holding full position watching for more to see if GME can conquer the shorts with a bit of a squeeze.
تم فتح الصفقة
GME may break down and not get the anticipated mean VWAP bounce. Patiencerequired.
ملاحظة
GME launches again after falling after completing a $$ 1B dollar $$ share sell. Much cash in reserves. It will now try to take down some short sellers and gain some momentum. Nice pop for now.تم فتح الصفقة
GME continues trending highest. Some shorts may be buying to cover and helpingthe momentum.
ملاحظة
GME moving up approaching the first target.تم فتح الصفقة
GME fell a bit. This is a good spot to add to the position. News of Gill's buying pressure helps keep the price stable and perhaps coiling for another push.ملاحظة
Buy the dip then sell the rip. If you are a short seller these little dips are your chance to bail out and cut your losses.تم فتح الصفقة
GME seems to be squeezing quite well. ملاحظة
Adding more call options at the opening bell for June 21 and July 19th. May also addin the midday NY lunch hour.
ملاحظة
Lunch hour EDT 11:30 - 1:30 because this is a typical volume fade and consolidation making for a stable price and less slippage in the order flow.ملاحظة
Short sellers crushed today. Expect more of the same tomorrow to finish the week.Too 25 % of the trade for massive profits. New targets of 65 and 8 on old pivots to the left.
تم فتح الصفقة
GME had a nice 30% move higher after the morning low. Volatility persists. 
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.